Bhutan's Though economy is one of the world's smallest, it has grown rapidly in recent years, by
eight percent in 2005 and 14 percent in 2006. In 2007, Bhutan had the second fastest growing
economy in the world, with an annual economic growth rate of 22.4 percent. This was mainly
due to the commissioning of the gigantic Tala Hydroelectricity project. As of March 2006,
Bhutan's per capita income was US$1,321.
Bhutan's economy is based on agriculture, forestry, tourism and the sale of hydroelectric power
to India. Agriculture provides the main livelihood for more than 80 percent of the population.
Agrarian practices consist largely of subsistence farming and animal husbandry. Handicrafts,
particularly weaving and the manufacture of religious art for home altars, are a small cottage
industry. A landscape that varies from hilly to ruggedly mountainous has made the building of
roads and other infrastructure difficult and expensive. This, and a lack of access to the sea, has
meant that Bhutan has not been able to benefit from significant trading of its produce. Bhutan
does not have any railways, though Indian Railways plans to link southern Bhutan to its vast
network under an agreement signed in January 2005.[35] Bhutan and India signed a 'free trade'
accord in 2008, which additionally allowed Bhutanese imports and exports from third markets to
transit India without tariffs.[36] Bhutan had trade relations with the Tibet region until 1960,
when it closed its border with China after an influx of refugees.[37]
Haa Valley
The industrial sector is in a nascent stage, and though most production comes from cottage
industry, larger industries are being encouraged and some industries such as cement, steel, and
ferroalloy have been set up. Most development projects, such as road construction, rely on Indian
contract labour. Agricultural produce includes rice, chilies, dairy (some yak, mostly cow)
products, buckwheat, barley, root crops, apples, and citrus and maize at lower elevations.
Industries include cement, wood products, processed fruits, alcoholic beverages and calcium
carbide.
Incomes of over Nu 100,000 per annum are taxed, but very few wage and salary earners qualify.
Bhutan's inflation rate was estimated at about three percent in 2003. Bhutan has a Gross
Domestic Product of around USD 2.913 billion (adjusted to Purchasing Power Parity), making it
the 162nd largest economy in the world. Per capita income is around $1,400,[1] ranked 124th.
Government revenues total $272 million, though expenditures amount to $350 million. 60
percent of the budget expenditure, however, is financed by India's Ministry of External Affairs.
[38] Bhutan's exports, principally electricity, cardamom, gypsum, timber, handicrafts, cement,
fruit, precious stones and spices, total 128 million (2000 est.). Imports, however, amount to
164 million, leading to a trade deficit. Main items imported include fuel and lubricants, grain,
machinery, vehicles, fabrics and rice. Bhutan's main export partner is India, accounting for 58.6
percent of its export goods. Hong Kong (30.1 percent) and Bangladesh (7.3 percent) are the other
two top export partners.[1] As its border with Tibet is closed, trade between Bhutan and China is
now almost non-existent. Bhutan's import partners include India (74.5 percent), Japan (7.4
percent) and Sweden (3.2 percent).
Qatar has experienced rapid economic growth over the last several years due to high oil prices,
and in 2008 posted its eighth consecutive budget surplus. Economic policy is focused on
developing Qatar's non-associated natural gas reserves and increasing private and foreign
investment in non-energy sectors, but oil and gas still account for more than 50% of GDP;
roughly 85% of export earnings, and 70% of government revenues.
Oil and gas have made Qatar one of the highest per-capita income countries, and one of the
world's fastest growing. Proved oil reserves of 15 billion barrels should enable continued output
at current levels for 37 years. Qatar's proved reserves of natural gas are nearly 26 trillion cubic
metres, about 14% of the world total and the third largest in the world.
Before the discovery of oil, the economy of the Qatari region focused on fishing and pearl
hunting. After the introduction of the Japanese cultured pearl onto the world market in the 1920s
and 1930s, Qatar's pearling industry crashed. However, the discovery of oil, beginning in the
1940s, completely transformed the state's economy. Now, the country has a high standard of
living, with many social services offered to its citizens and all the amenities of any modern state.
It relies heavily on foreign labour to grow its economy, to the extent that 94% of its labour is
carried out by foreigners. Labour laws offer little protection for the foreign labourers mostly
coming from developing countries.
Qatars national income primarily derives from oil and natural gas exports. The country has oil
reserves of 15 billion barrels, while gas reserves in the giant North Field (which straddles the
border with Saudi Arabia and is almost as large as the peninsula itself) are estimated to be
between 80 trillion cubic feet (2.31012 m3) to 800 trillion cubic feet (231012 m3) (1 trillion
cubic feet of gas is equivalent to about 180 million barrels (29106 m3) of oil). Qataris wealth
and standard of living compare well with those of Western European states; Qatar has the
second-highest GDP per capita in the Arab World, after the United Arab Emirates, according to
the International Monetary Fund (2006)[31] and the second highest GDP per capita in the world
according to the CIA World Factbook.[14] With no income tax, Qatar, along with Bahrain, is one
of the countries with the lowest tax rates in the world.
West Bay in Doha
While oil and gas will probably remain the backbone of Qatars economy for some time to come,
the country seeks to stimulate the private sector and develop a knowledge economy. In 2004, it
established the Qatar Science & Technology Park to attract and serve technology-based
companies and entrepreneurs, from overseas and within Qatar. Qatar also established Education
City, which consists of international colleges. For the 15th Asian Games in Doha, it established
Doha Sports City, consisting of Khalifa stadium, the Aspire Sports Academy, aquatic centres,
exhibition centres and many other sports related buildings and centres. Following the success of
the Asian Games, Doha kicked off an official bid to host the 2016 Summer Olympics in October
2007.[32] Its bid was finaly eliminated from consideration in June 2008. Qatar also plans to
build an "entertainment city" in the future.
The Qatari government hopes that large-scale investment in all social and economic sectors will
lead to the development of a strong financial market.
The Qatar Financial Centre (QFC) provides financial institutions with world-class services in
investment, margin and no-interest loans, and capital support. These platforms are situated in an
economy founded on the development of its hydrocarbons resources, specifically its exportation
of petroleum. It has been created with a long term perspective to support the development of
Qatar and the wider region, develop local and regional markets, and strengthen the links between
the energy based economies and global financial markets.
Apart from Qatar itself, which needs to raise capital to finance projects of more than $130
billion, the QFC also provides a conduit for financial institutions to access nearly $1.0 trillion of
investments which stretch across the GCC (Cooperation Council for the Arab States of the Gulf)
as a whole over the next decade. Commercial ties between the United States and Qatar have been
expanding at a rapid pace over the last five years, with trade volumes growing by more than
340%, from $738 million in 2003 to $3.2 billion in 2009. Over the same period, U.S. exports
increased 580 percent to $2.7 billion, making the United States the largest import partner for
Qatar. US companies look to play key role in the $60 billion dollars that Qatar will invest in
roads, infrastructure development, housing and real estate, health/medical and sanitation projects
in the next decade.
The new town of Lusail, the largest project ever in Qatar, is under construction. Qatar has
experienced rapid economic growth over the last several years due to high oil prices, and in 2008
posted its eighth consecutive budget surplus. Economic policy is focused on developing Qatar's
non-associated natural gas reserves and increasing private and foreign investment in non-energy
sectors, but oil and gas still account for more than 50% of GDP; roughly 85% of export earnings,
and 70% of government revenues.
Oil and gas have made Qatar one of the highest per-capita income countries, and one of the
world's fastest growing. Proved oil reserves of 15 billion barrels should enable continued output
at current levels for 37 years. Qatar's proved reserves of natural gas are nearly 26 trillion cubic
metres, about 14% of the world total and the third largest in the world.
Before the discovery of oil, the economy of the Qatari region focused on fishing and pearl
hunting. After the introduction of the Japanese cultured pearl onto the world market in the 1920s
and 1930s, Qatar's pearling industry crashed. However, the discovery of oil, beginning in the
1940s, completely transformed the state's economy. Now, the country has a high standard of
living, with many social services offered to its citizens and all the amenities of any modern state.
It relies heavily on foreign labour to grow its economy, to the extent that 94% of its labour is
carried out by foreigners. Labour laws offer little protection for the foreign labourers mostly
coming from developing countries.
Qatars national income primarily derives from oil and natural gas exports. The country has oil
reserves of 15 billion barrels, while gas reserves in the giant North Field (which straddles the
border with Saudi Arabia and is almost as large as the peninsula itself) are estimated to be
between 80 trillion cubic feet (2.31012 m3) to 800 trillion cubic feet (231012 m3) (1 trillion
cubic feet of gas is equivalent to about 180 million barrels (29106 m3) of oil). Qataris wealth
and standard of living compare well with those of Western European states; Qatar has the
second-highest GDP per capita in the Arab World, after the United Arab Emirates, according to
the International Monetary Fund (2006)[31] and the second highest GDP per capita in the world
according to the CIA World Factbook.[14] With no income tax, Qatar, along with Bahrain, is one
of the countries with the lowest tax rates in the world.
West Bay in Doha
While oil and gas will probably remain the backbone of Qatars economy for some time to come,
the country seeks to stimulate the private sector and develop a knowledge economy. In 2004, it
established the Qatar Science & Technology Park to attract and serve technology-based
companies and entrepreneurs, from overseas and within Qatar. Qatar also established Education
City, which consists of international colleges. For the 15th Asian Games in Doha, it established
Doha Sports City, consisting of Khalifa stadium, the Aspire Sports Academy, aquatic centres,
exhibition centres and many other sports related buildings and centres. Following the success of
the Asian Games, Doha kicked off an official bid to host the 2016 Summer Olympics in October
2007.[32] Its bid was finaly eliminated from consideration in June 2008. Qatar also plans to
build an "entertainment city" in the future.
The Qatari government hopes that large-scale investment in all social and economic sectors will
lead to the development of a strong financial market.
The Qatar Financial Centre (QFC) provides financial institutions with world-class services in
investment, margin and no-interest loans, and capital support. These platforms are situated in an
economy founded on the development of its hydrocarbons resources, specifically its exportation
of petroleum. It has been created with a long term perspective to support the development of
Qatar and the wider region, develop local and regional markets, and strengthen the links between
the energy based economies and global financial markets.
Apart from Qatar itself, which needs to raise capital to finance projects of more than $130
billion, the QFC also provides a conduit for financial institutions to access nearly $1.0 trillion of
investments which stretch across the GCC (Cooperation Council for the Arab States of the Gulf)
as a whole over the next decade. Commercial ties between the United States and Qatar have been
expanding at a rapid pace over the last five years, with trade volumes growing by more than
340%, from $738 million in 2003 to $3.2 billion in 2009. Over the same period, U.S. exports
increased 580 percent to $2.7 billion, making the United States the largest import partner for
Qatar. US companies look to play key role in the $60 billion dollars that Qatar will invest in
roads, infrastructure development, housing and real estate, health/medical and sanitation projects
in the next decade.
The new town of Lusail, the largest project ever in Qatar, is under construction.
Landlocked Paraguay has a market economy distinguished by a large informal sector, featuring
re-export of imported consumer goods to neighboring countries, as well as the activities of
thousands of microenterprises and urban street vendors. Between 1970 and 2009 the country had
the highest economic growth of South America, with an average rate of 7.2% per year and the
prospect of 9% annual growth from 2010, being the highest in South America. The country also
boasts the third most important free commercial zone in the world: Ciudad del Este, trailing
behind Miami and Hong Kong. A large percentage of the population, especially in rural areas,
derives its living from agricultural activity, often on a subsistence basis. Because of the
importance of the informal sector, accurate economic measures are difficult to obtain. On a per
capita basis, real income has stagnated at 1980 levels. The economy grew rapidly between 2003
and 2008 as growing world demand for commodities combined with high prices and favorable
weather to support Paraguay's commodity-based export expansion. Paraguay is the sixth largest
soy producer in the world. Drought hit in 2008, reducing agricultural exports and slowing the
economy even before the onset of the global recession.
As of 2010, Paraguay is experiencing the greatest economical expansion of the zone and the
highest of South America, with a GDP growth rate of 14,5% for by the end of the year.[38]
Haiti's economy is still recovering from the massive earthquake in January 2010. Its purchasing
power parity GDP fell 8% in 2010 (from $12.15 billion to $11.18 billion) and the GDP per capita
remained unchanged at (PPP US$) 1,200.[2] Comparative social and economic indicators show
Haiti falling behind other low-income developing countries (particularly in the hemisphere) since
the 1980s. Haiti ranked 145 of 182 countries in the 2010 United Nations Human Development
Index, with 57.3% of the population being deprived in at least three of the HDI's poverty
measures.[5]
The World Factbook reports a shortage of skilled labor, widespread unemployment and
underemployment, saying "more than two-thirds of the labor force do not have formal jobs", and
describes pre-earthquake Haiti as "already the poorest country in the Western Hemisphere with
80% of the population living under the poverty line and 54% in abject poverty."[2] Most Haitians
live on $2 or less per day.[103]
Adult literacy is variously reported as 52.9% [World Factbook] and 65.3% [United Nations], and
the World Bank estimates that in 2004 over 80% of college graduates from Haiti were living
abroad, with their remittances home representing 52.7% of Haiti's GDP.[104] Cit Soleil is
considered one of the worst slums in the Americas,[105] most of its 500,000 residents live in
extreme poverty.[95] Poverty has forced at least 225,000 Haitian children to work as restavecs
(unpaid household servants); the United Nations considers this to be a modern-day form of
slavery.[106]
About 66% of all Haitians work in the agricultural sector, which consists mainly of small-scale
subsistence farming, but this activity makes up only 30% of the GDP. The country has
experienced little formal job-creation over the past decade, although the informal economy is
growing. Mangoes and coffee are two of Haiti's most important exports.[2]
Natural resources of Haiti include bauxite, copper, calcium carbonate, gold, marble and
hydropower. Haiti contains relatively small amounts of gold, silver, antimony, tin, lignite,
sulphur, coal, nickel, gypsum, limestone, manganese, marble, iron, tungsten, salt, clay, and
various building stones. Gold and copper are found in small quantities in the north of the country.
The government announced the discovery of new gold deposits in the northern peninsula in
1985, but long-standing plans for gold production proceeded slowly. Copper also was mined,
beginning in the 1960s, but production of the ore was sporadic. There are bauxite (aluminum ore)
deposits on the southern peninsula, but large scale mining there was discontinued in 1983. The
country's only bauxite mine, the Miragone mine in the southern peninsula, produced an average
of 500,000 tons of bauxite a year in the early 1980s; however, in 1982 the declining metal
content of the ore, high production costs, and the oversupplied international bauxite market
forced the mine to close. Bauxite had at one time been the country's second leading export. Haiti
apparently has no hydrocarbon resources on land or in the Gulf of Gonve and is therefore
heavily dependent on energy imports (petroleum and petroleum products).[107]
Haiti's richest 1% own nearly half the country's wealth.[108] Haiti has consistently ranked
among the most corrupt countries in the world on the Corruption Perceptions Index.[109] Since
the day of "Papa Doc" Duvalier, Haiti's government has been notorious for its corruption. It is
estimated that President "Baby Doc" Duvalier, his wife Michelle, and three other people took
$504 million from the Haitian public treasury between 1971 and 1986.[110]
Similarly, some media outlets alleged that millions were stolen by former president JeanBertrand Aristide.[111][112][113][114] However the accuracy of the information is questionable
and may have been concocted to discredit Aristide. In March 2004, at the time of Aristide's being
kidnapped, a BBC article wrote that the Bush administration State department claimed that
Aristide had been involved in drug trafficking.[115] The BBC also described pyramid schemes,
in which Haitians lost hundreds of millions in 2002, as the "only real economic initiative" of the
Aristide years.[116] However this cannot necessarily be entirely blamed on Aristide since one of
his conditions upon being returned to Haiti by the Clinton administration during the 90s was that
he not stir the pot away from US Free Market Trade Policies.[117] Clinton recently expressed
regret and apologized for the US's trade policies with Haiti[118] Aristide however decided
against being further tied to the free market policies that he was restricted to, and he attempted to
raise the country's minimum wage.
Foreign aid makes up approximately 3040% of the national government's budget. The largest
donor is the US, followed by Canada and the European Union.[119] From 1990 to 2003, Haiti
received more than $4 billion in aid. The United States alone had provided Haiti with 1.5 billion
in aid.[120] Venezuela and Cuba also make various contributions to Haiti's economy, especially
after alliances were renewed in 2006 and 2007. In January 2010, China promised $4.2 million for
the quake-hit island.[121] US President Barack Obama pledged $1.15 billion in assistance.[122]
European Union nations promised more than 400 million euros ($616 million) in emergency aid
and reconstruction funds.[123]
US aid to the Haitian government was completely cut off from 2001 to 2004, after the 2000
election was disputed and President Aristide was accused of various After
Aristide's misdeeds.[124] departure in 2004, aid was restored, and the Brazilian army led the United Nations
Stabilization Mission in Haiti peacekeeping operation. Following almost 4 years of recession
ending in 2004, the economy grew by 1.5% in 2005.[125]
In 2005 Haiti's total external debt reached an estimated US$1.3 billion, which corresponds to a
debt per capita of US$169. In September 2009, Haiti met the conditions set out by the IMF and
World Bank's Heavily Indebted Poor Countries program to qualify for cancellation of its external
debt.[126]
The economy of the Philippines is the 12th largest economy in Asia and the 32nd largest
economy in the world by purchasing power parity according to the International Monetary Fund
in 2010. It was the 5th largest economy in South East Asia. A newly industrialized emerging
market economy, it posted a real GDP growth rate of 5.3% in 2006 and 7.1% in 2007. Growth
slowed to 3.8% in 2008 as a result of the global financial crisis. In 2009, the real growth rate was
1.1% despite of global economic recession.[12] The Philippine economy grew by 7.6% in 2010,
[1] which several reports described as the fastest growth in 34 years.[3] According to Goldman
Sachs, the Philippine economy will become the 14th largest economy in the world by 2050.[13]
[14]
Important sectors of Philippine industry include food processing, textiles and garments, and
electronics assembly. Most industries are concentrated in the urban areas around Metro Manila,
while Metro Cebu is also becoming an attraction for foreign and local investors. Mining also has
great potential in the Philippines, which possesses significant reserves of chromite, nickel, and
copper. As of 2008 it was reported to be ranked as one of the five most mineral-rich countries in
the world by the Fraser Institute, with the Philippine Government estimating mineral wealth at
$1 trillion, however with investment being discouraged by excessive and slow regulatory
procedures, along with laws that give local governments significant power over the exploitation
of mineral resources.[15] Recent natural gas finds off the islands of Palawan add to the country's
geothermal, hydro, coal, and oil exploration energy reserves.
Economic Growth[34][35][36]
Year % GDP
% GNI
1999 3.1
2.7
2000 4.4
7.7
2001 2.9
3.6
2002 3.6
4.1
2003 5.0
2004 6.7
2005 4.8
2006 5.2
2007 7.1
2008 4.2
2009 1.1
2010 7.6
2011 (1st Qtr)
Year
8.5
7.1
7.0
5.0
6.2
5.0
6.1
8.2
4.9
1970 1971
1982 1983
GDP growth %
5.149 3.423
Year 1990 1991
2002 2003
GDP growth %
4.411 2.894
3.6
1972
1984
4.6
3.619
1992
2004
3.037
3.646
1973
1985
4.9
1.875
1993
2005
-0.578
4.970
1974
1986
4.8
-7.324
1994
2006
0.338
6.698
1975
1987
9.2
-7.307
1995
2007
2.116
4.778
1976
1988
5
3.417
1996
2008
4.388
5.243
1977
1989
6.4
4.312
1997
2009
4.679
7.117
1978
1979
1980
8
6.753
1998
2010
5.846
4.153
5.6
5.2
6.205
1999 2000
1981
5.6
2001
5.185 -0.577 3.082
1.148 7.632
The economy of the United States is the world's largest national economy. Its nominal GDP was
estimated to be nearly $14.7 trillion in 2010,[1] approximately a quarter of nominal global GDP.
[14][15] Its GDP at purchasing power parity was also the largest in the world, approximately a
fifth of global GDP at purchasing power parity.[14] The U.S. economy also maintains a very
high level of output per capita. In 2009, it was estimated to have a per capita GDP (PPP) of
$46,381, the 6th highest in the world. The U.S is the largest trading nation in the world. Its three
largest trading partners as of 2010 are Canada, China and Mexico.
Historically, the U.S. economy has maintained a stable overall GDP growth rate, a low
unemployment rate, and high levels of research and capital investment funded by both national
and, because of decreasing saving rates, increasingly by foreign investors. It has been the world's
largest national economy since the 1870s[16][17] and remains the world's largest manufacturer,
representing 19% of the world's manufacturing output. In 2009, consumer spending, coupled
with government health care spending constituted 70% of the American economy.[18] About
30% of the entire world's millionaire population reside in the United States (in 2009).[19]
Furthermore, 34% of the world's billionaires are American (in 2011).[20][21] The US is also
home to the world's largest stock exchange, the New York Stock Exchange. It also boasts the
world's largest gold reserves and the world's largest gold depository, the New York Federal
Reserve Bank. The United States is also home to 139 of the world's 500 largest companies,
which is almost twice that of any other country.[22] A large contributor to the country's success
has also been a very strong and stable currency. The US dollar holds about 60% of world
reserves, as compared to its top competitor, the euro, which controls about 24%.
Since the 1960s, the United States economy absorbed savings from the rest of the world. The
phenomenon is subject to discussion among economists. The US is by far the most heavily
invested-into country in the world, with foreign investments made in the US measuring almost
$2.4 trillion, which is more than twice that of any other country.[23] The US is also by far the
largest investor in the world, with US investments in foreign countries totaling over $3.3 trillion,
which is almost twice that of any other country.[24] Like other developed countries, the United
States faces retiring baby boomers who have already begun withdrawing money from Social
Security; however, the American population is young and growing when compared to Europe or
Japan. The United States public debt is in excess of $14 trillion and continues to grow at a rate of
about $5.48 billion each day by direct calculation between December 31, 2010 and July 31,
2011.[25][26] Total public and private debt was $50.2 trillion at the end of the first quarter of
2010, or 3.5 times GDP.[27] Domestic financial assets totaled $131 trillion and domestic
financial liabilities totaled $106 trillion.[28] Due in part to the amount of both public and private
investment, the economy of the United States is regarded as a type of mixed economy.
The American labor market has attracted immigrants from all over the world and in 2009 ranked
16th in terms of net migration rate. The United States is ranked fourth, down from first in 20082009 due to the economic crisis, in the Global Competitiveness Report.[29] The country is one of
the world's largest and most influential financial markets, home to major stock and commodities
exchanges like NASDAQ, NYSE, AMEX, CME, and PHLX.
Economic Indicators For: Philippines Change country
National or Regional Currency: Philippines Peso, PHP
Year of data: 2010 Change year
Number of Indicators Listed: 36
Full Dataset: From Year 1980 to 2016
Date of Last Update: 1st August 2011
Population: 101,833,938 (July 2011 est.)
Area: total: 300,000 sq km land: 298,170 sq km water: 1,830 sq km
Natural Resources: timber, petroleum, nickel, cobalt, silver, gold, salt, copper
Capital: name: Manila geographic coordinates: 14 35 N, 121 00 E time difference: UTC+8 (13
hours ahead of Washington, DC during Standard Time)
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics,
The Heritage Foundation and Transparency International
Philippine GDP grew 7.3% in 2010, spurred by consumer demand, a rebound in exports and
investments, and election-related spending. The economy weathered the 2008-09 global
recession better than its regional peers due to minimal exposure to troubled international
securities, lower dependence on exports, relatively resilient domestic consumption, large
remittances from four- to five-million overseas Filipino workers, and a growing business process
outsourcing industry. Economic growth in the Philippines averaged 4.5% during the
MACAPAGAL-ARROYO administration. Despite this growth, poverty worsened, because of a
high population growth rate and inequitable distribution of income. The AQUINO administration
is working to reduce the government deficit from 3.9% of GDP, when it took office, to 2% of
GDP by 2013. The government has had little difficulty issuing debt both locally and
internationally to finance the deficits. AQUINO's first budget emphasizes education, health,
conditional cash transfers for the poor, and other social spending programs, relying on the private
sector to finance important infrastructure projects. Weak tax collection, exacerbated by new tax
breaks and incentives, has limited the government's ability to address major challenges. The
AQUINO administration has vowed to focus on improving tax collection efficiency - rather than
imposing new taxes - as a part of its good governance platform.
GDP (Constant Prices, National Currency) for philippines in year 2010 is PHP 1,537.15 Billion.
Real GDP is expressed in billions of national currency units; the base year is country-specific.
GDP Growth (Constant Prices, National Currency) for philippines in year 2010 is 7.334 %.
Annual percentages of constant price GDP are year-on-year changes; the base year is countryspecific.
GDP (Current Prices, National Currency) for philippines in year 2010 is PHP 8,513.04 Billion.
GDP is expressed in billions of national currency units.
GDP (Current Prices, US Dollars) for philippines in year 2010 is US$ 188.719 Billion. Values
are based upon GDP in national currency and the exchange rate projections provided by country
economists for the group of other emerging market and developing countries. Exchanges rates
for advanced economies are established in the WEO assumptions.
GDP Deflator for philippines in year 2010 is 553.818 (Index, Base Year as per country's accounts
= 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is
considered to be an alternate measure of inflation. Please note: Data are expressed in the base
year of each country's national accounts.
GDP Per Capita (Constant Prices, National Currency) for philippines in year 2010 is PHP
16,350.40 . GDP is expressed in constant national currency per person. Data are derived by
dividing constant price GDP by total population.
GDP Per Capita (Current Prices, National Currency) for philippines in year 2010 is PHP
90,551.51 . GDP is expressed in current national currency per person. Data are derived by
dividing current price GDP by total population.
GDP Per Capita (Current Prices, US Dollars) for philippines in year 2010 is US$ 2,007.36 . GDP
is expressed in current U.S. dollars per person. Data are derived by first converting GDP in
national currency to U.S. dollars and then dividing it by total population.
GDP (PPP), US Dollars for philippines in year 2010 is US$ 351.37 Billion. Gross domestic
product based on purchasing-power-parity (PPP) valuation of country GDP. These data form the
basis for the country weights used to generate the World Economic Outlook country group
composites for the domestic economy. Please note: The IMF is not a primary source for
purchasing power parity (PPP) data. WEO weights have been created from primary sources and
are used solely for purposes of generating country group composites.
GDP Per Capita (PPP), US Dollars for philippines in year 2010 is US$ 3,737.46 . Gross domestic
product based on purchasing-power-parity (PPP) per capita GDP. These data form the basis for
the country weights used to generate the World Economic Outlook country group composites for
the domestic economy. Please note: The IMF is not a primary source for purchasing power parity
(PPP) data. WEO weights have been created from primary sources and are used solely for
purposes of generating country group composites.
GDP Share of World Total (PPP) for philippines in year 2010 is 0.473 %. Gross domestic product
based on purchasing-power-parity (PPP) share of world total. These data form the basis for the
country weights used to generate the World Economic Outlook country group composites for the
domestic economy. Please note: The IMF is not a primary source for purchasing power parity
(PPP) data. WEO weights have been created from primary sources and are used solely for
purposes of generating country group composites.
Implied PPP Conversion Rate for philippines in year 2010 is 24.228 . These data form the basis
for the country weights used to generate the World Economic Outlook country group composites
for the domestic economy. Please note: The IMF is not a primary source for purchasing power
parity (PPP) data. WEO weights have been created from primary sources and are used solely for
purposes of generating country group composites.
Investment (% of GDP) for philippines in year 2010 is 15.62 %. Data are based on individual
countries' national accounts statistics. For many countries, the estimates of national saving are
built up from national accounts data on gross domestic investment and from balance of
payments-based data on net foreign investment.
Gross National Savings (% of GDP) for philippines in year 2010 is 20.106 %. Data are based on
individual countries' national accounts statistics. For many countries, the estimates of national
saving are built up from national accounts data on gross domestic investment and from balance
of payments-based data on net foreign investment.
Inflation, Average Consumer Prices (Indexed to Year 2000) for philippines in year 2010 is
166.06 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-ofperiod data. The index is based on 2000=100.
Inflation (Average Consumer Price Change %) for philippines in year 2010 is 3.797 %. Data for
inflation are averages for the year, not end-of-period data.
Inflation, End of Year (Indexed to Year 2000) for philippines in year 2010 is 254.652 (Index,
Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The
index is based on 2000=100.
Inflation (End of Year Change %) for philippines in year 2010 is 2.997 %. Data for inflation are
end of the period, not annual average data.
Import Volume of All Items Including Goods and Services (Percent Change) for philippines in
year 2010 is 20.331 %.
Import Volumes of Goods Only (Percent Change) for philippines in year 2010 is 19.294 %.
Export Volume of All Items Including Goods and Services (Percent Change) for philippines in
year 2010 is 23.662 %.
Export Volumes of Goods Only (Percent Change) for philippines in year 2010 is 24.817 %.
Value of Oil Imports for philippines in year 2010 is US$ 9.531 Billions. Value is equal to the
price per unit of quantity of oil imports multiplied by the number of quantity units.
Value of Oil Exports for philippines in year 2010 is US$ 1.349 Billions. Value is equal to the
price per unit of quantity of oil exports multiplied by the number of quantity units.
Unemployment Rate (% of Labour Force) for philippines in year 2010 is 7.2 %.
Population for philippines in year 2010 is 94.013 Million .
General government revenue (National Currency) for philippines in year 2010 is PHP 1,207.95
Billions. Revenue consists of taxes, social contributions, grants receivable, and other revenue.
Revenue increases government?s net worth, which is the difference between its assets and
liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition
of the balance sheet do not change the net worth position, for example, proceeds from sales of
nonfinancial and financial assets or incurrence of liabilities.
General government revenue (% of GDP) for philippines in year 2010 is 14.189 %. Revenue
consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases
government?s net worth, which is the difference between its assets and liabilities (GFSM 2001,
paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do
not change the net worth position, for example, proceeds from sales of nonfinancial and financial
assets or incurrence of liabilities.
General government total expenditure (National Currency) for philippines in year 2010 is PHP
1,519.91 Billions. Total expenditure consists of total expense and the net acquisition of
nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from
the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of
nonfinancial assets into account.
General government total expenditure (% of GDP) for philippines in year 2010 is 17.854 %.
Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note:
Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of
total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.
Total Government Net Lending/ Borrowing (National Currency) for philippines in year 2010 is
PHP -311.959 Billions. Net lending (+)/ borrowing (?) is calculated as revenue minus total
expenditure. This is a core GFS balance that measures the extent to which general government is
either putting financial resources at the disposal of other sectors in the economy and nonresidents
(net lending), or utilizing the financial resources generated by other sectors and nonresidents (net
borrowing). This balance may be viewed as an indicator of the financial impact of general
government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17).
Note: Net lending (+)/borrowing (?) is also equal to net acquisition of financial assets minus net
incurrence of liabilities.
Total Government Net Lending/ Borrowing (% of GDP) for philippines in year 2010 is -3.664 %.
Total Government Gross Debt (National Currency) for philippines in year 2010 is PHP 4,029.81
Billion. Gross debt consists of all liabilities that require payment or payments of interest and/or
principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities
in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and
standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM
2001 system are debt, except for equity and investment fund shares and financial derivatives and
employee stock options. Debt can be valued at current market, nominal, or face values (GFSM
2001, paragraph 7.110).
Total Government Gross Debt (% of GDP) for philippines in year 2010 is 47.337 %. Gross debt
consists of all liabilities that require payment or payments of interest and/or principal by the
debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of
SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized
guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system
are debt, except for equity and investment fund shares and financial derivatives and employee
stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001,
paragraph 7.110).
Fiscal Year Gross Domestic Product, Current Prices for philippines in year 2010 is PHP 8,513.04
Billions. Gross domestic product corresponding to fiscal year is the country's GDP based on the
same period during the year as their fiscal data. In the case of countries whose fiscal data are
based on a fiscal calendar (e.g., July to June), this series would be the country's GDP over that
same period. For countries whose fiscal data are based on a calendar year (i.e., January to
December), this series will be the same as their GDP in current prices.
Current Account Balance (US Dollars) for philippines in year 2010 is US$ 8.465 Billion. Current
account is all transactions other than those in financial and capital items. The major
classifications are goods and services, income and current transfers. The focus of the BOP is on
transactions (between an economy and the rest of the world) in goods, services, and income.
Current Account Balance (% GDP) for philippines in year 2010 is 4.486 %. Current account is
all transactions other than those in financial and capital items. The major classifications are
goods and services, income and current transfers. The focus of the BOP is on transactions
(between an economy and the rest of the world) in goods, services, and income.
* Source: IMF