Philippine Gdp

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  • Topic: Philippines, Economy of the Philippines, Philippine peso
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Economy of the Philippines

The Economy of the Philippines is the 43rd largest in the world, according to 2011 World Bank statistics and it is also one of the emerging markets in the world.[24] According to the CIA Factbook, the estimated 2011 GDP (purchasing power parity) was 391.1 billion.[5] Goldman Sachs estimates that by the year 2050, it will be the 14th largest economy in the world, Goldman Sachs also included the Philippines in its list of the Next Eleven economies. HSBC projects the Philippine economy to become the 16th largest economy in the world, 5th largest economy in Asia and the largest economy in the South East Asian region by 2050.[25] Primary exports include semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, and fruits. Major trading partners include the United States, Japan, China, Singapore, South Korea, the Netherlands, Hong Kong, Germany, Taiwan, and Thailand. As a newly industrialized country, the Philippine economy has been transitioning from one based on agriculture to one based more on services and manufacturing. The Philippines is one of the Tiger Cub Economies in Southeast Asia together with Indonesia, Malaysia and Thailand. Contents|

[edit] Macroeconomic trends
See also: Economy of Asia, Economic history of the Philippines (1973–1986), Post-EDSA macroeconomic history of the Philippines, and Economic Crisis and Response in the Philippines The Philippine economy has been growing steadily over decades and the International Monetary Fund in 2011 reported it as the 45th largest economy in the world. However its growth has been behind that of many of its Asian neighbors, the so-called Asian Tigers, nor is it a part of the Group of 20 nations. Instead it is often grouped in a second tier of emerging markets or of newly industrialized countries. Depending upon the analyst, this second tier can go by the name the Next Eleven or the Tiger Cub Economies. It has not suffered from the downturn in the world economy that began in 2007. A chart of selected statistics showing trends in the gross domestic product of the Philippines using data taken from the International Monetary Fund.[26][27] Year| GDP growth in percent

(constant prices, base year = 2000)| GDP
in PHP Billion
(current prices)| GDP
in USD Billion
(current prices)| GDP per capita
in USD
(current prices)| GDP
in USD Billion
(PPP)| GDP per capita
in USD
(PPP)| Peso vs Dollar
Exchange Rate|
1980| 5.15| 270.1| 35.9| 744| 64.4| 1334| 7.51|
1981| 3.42| 312.0| 39.5| 797| 72.9| 1471| 7.90|
1982| 3.62| 351.4| 41.1| 810| 80.1| 1578| 8.54|
1983| 1.88| 408.9| 36.8| 707| 84.9| 1630| 11.11|
1984| -7.32| 581.1| 34.8| 652| 81.6| 1530| 16.70|
1985| -7.31| 633.6| 34.1| 623| 77.9| 1426| 18.61|
1986| 3.42| 674.6| 33.1| 591| 82.4| 1471| 20.39|
1987| 4.31| 756.5| 36.8| 641| 88.4| 1540| 20.57|
1988| 6.75| 885.5| 42.0| 715| 97.6| 1663| 21.09|
1989| 6.21| 1025.3| 47.3| 786| 107.6| 1791| 21.70|
1990| 3.04| 1190.5| 48.9| 796| 115.2| 1873| 24.33|
1991| -0.58| 1379.9| 50.2| 797| 118.6| 1882| 27.48| 1992| 0.34| 1497.5| 58.7| 912| 121.8| 1891| 25.51|
1993| 2.12| 1633.6| 60.2| 914| 127.1| 1929| 27.12|
1994| 4.39| 1875.7| 71.0| 1052| 135.5| 2007| 26.42| 1995| 4.68| 2111.7| 83.7| 1224| 144.8| 2118| 25.24| 1996| 5.85| 2406.4| 93.5| 1336| 156.1| 2232| 24.74| 1997| 5.19| 2688.7| 92.8| 1297| 167.1| 2336| 28.98| 1998| -0.58| 2952.8| 73.8| 1009| 168.1| 2297| 40.02| 1999| 3.08| 3244.2| 83.0| 1110| 175.8| 2352| 39.09| 2000| 4.41| 3580.7| 81.0| 1053| 187.5| 2437| 44.19| 2001| 2.89| 3888.8| 76.3| 971| 197.3| 2511| 50.99|

2002| 3.65| 4198.3| 81.4| 1014| 207.8| 2591| 51.60| 2003| 4.97| 4548.1| 83.9| 1025| 222.7| 2720| 54.20| 2004| 6.70| 5120.4| 91.4| 1093| 242.7|...
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