Economy of the Philippines 2013

Economy of Philippines
Skyline of Makati
Currency	Philippine peso (PHP) = 100 centavos (English) piso = 100 sentimo (Filipino)
Fiscal year	Calendar year
Trade organisations	APEC, ASEAN, WTO, EAS, Asian Development Bank, ASEAN Plus Three, and others
Statistics
GDP	$257 billion nominal(2012)[1] $424.355 billion PPP (2012)[2]
GDP growth	7.8% (Q1 2013)[3][4]
GDP per capita	$2,614 (2012)[5] (nominal 126th) $4,430 (2012)[5] (PPP 126th)
GDP by sector	agriculture (12.3%), industry (33.3%), services (54.4%) (2011 est.)[6]
Inflation (CPI)	2.6% (May 2013)[7]
Population below poverty line	national – 22.9% (2006 est.)[6] international – 22.6% (2006)[8] regional – 27% (2006)[9]
Gini coefficient	43.0 (2009)[10]
Labour force	59.81 million (2011 est.)[6]
Labour force by occupation	services (52%) agriculture (33%), industry (15%) (2010 est.)[6]
Unemployment	6.8% (October 2012)[11]
Main industries	electronics assembly, Business Process Outsourcing, garments, footwear,pharmaceuticals, chemicals, woodproducts, food processing, petroleum refining, fishing[6]
Ease of Doing Business Rank	138th of 183 countries ranked[12]
External
Exports	$52 billion (2012)[13]
Export goods	semiconductors and electronic products,transport equipment, garments, copperproducts, petroleum products, coconut oil, fruits[6]
Main export partners	Japan 19.0%  United States 14.2%  China 11.8%  Hong Kong 9.4%  Singapore 9.2%  South Korea 5.5% (2012 est.)[14]
Imports	$57.24 billion (2010)
Import goods	electronic products, mineral fuels, machinery and transport equipment, iron and steel, textile fabrics, grains, chemicals, plastic[6]
Main import partners	United States 11.5%  China 10.8%  Japan 10.4%  Taiwan 7.8%  South Korea 7.3%  Singapore 7.1%  Thailand 5.6%  Indonesia 4.4%  Malaysia 3.9% (2012 est.)[15]
Gross external debt	$62.431 billion (September 2011)[16]
Public finances
Public debt	48.9 % of GDP (Q1 2013)[17]
Revenues	$31.38 billion (2011)
Expenses	$35.95 billion (2011)[18]
Economic aid	$1.67 billion[19]
Credit rating	Standard & Poor's:[20] BBB- (Domestic) BBB- (Foreign) BBB- (T&C Assessment) Outlook: Positive[21] Moody's:[22] Ba1 Outlook: Positive[23] Fitch:[24] BBB- Outlook: Stable
Foreign reserves	$85.761 billion (January 2013)[25]
All values, unless otherwise stated, are in US dollars