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Economic Structure

Major Industries

Food, petrochemicals, chemicals, electronics and electrical machinery, footwear and garments, beverages

Major Exports

Electronic components, articles of apparel and clothing accessories, metal products

Major Imports

Transport equipment, Iron and Steel, Materials/Accessories Imported on consignment basis for the manufacture of Other Electrical and Electronic Machinery and Equipment and Cereals and Cereal Preparations.

Major Trading Partners

USA, Japan, Netherlands, Singapore, Taiwan, HongKong, Malaysia, Germany, Rep. of Korea and PROC

Major Investors

USA, Japan, Germany, Singapore, Taiwan, Argentina, Virgin Islands, France, Great Britain

 

Economic Indicators

 

Population 

  Total Population (2000)

76.5 M

  Population Projection (2007)

88.7 M

  Average Annual Family Income (2003)

Php 147,888

  Underemployment Rate (October 2006)

20.4%

  Unemployment Rate (October 2006)

7.3%

 Selected Macroeconomic Statistics

  Gross National Product (Growth Rate) (2005)

5.7%

  Gross Domestic Product (Growth Rate) (2005)

5.1%

  Inflation Rate (January 2006)

6.7%

 Selected Domestic Interest Rates (%)

  Treasury Bill Rates (All Maturities) (January 2006)

4.91%

  Bank Average Lending Rates (December 2005)

10.79%

  Average Exchange Rate 1US$:1Peso (January 2006)

52.617

Trade Statistics

  Exports (in million US $) (November 2006)

4,022

  Imports (in million US $) (November 2006)

4,508

  Balance of Trade (in million US $) (November 2006)

(487)

 

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  2000   Consulate General of the Philippines-Chicago