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Philippines

The Republic of the Philippines is an archipelago of more than 7,000 islands with an economy based on agriculture. It is newly industrialised with increasing contributions from manufacturing, mining and service industries, while remittances from Filipinos working abroad provide a regular source of foreign currency. Rice is the principal crop, followed by corn, sugar, and copra. Industries include pharmaceuticals, food processing, electronic assembly, petroleum refineries, textiles and wood products. GDP growth for 2011 is set to moderate from the 7.3 per cent recorded in 2010 – although that was partly due to the low base of 1.1 per cent in 2009. Read more

Products and services

Philippines
27 Apr 2011 Filipinos abroad keep country growing

The Purchasing Managers Index (PMI) is an indicator for economic activity. It reflects the percentage of purchasing managers surveyed in a particular economic sector who reported better business conditions than in the previous month. A PMI over 50 indicates that the economy is expanding while anything below 50 means that the economy is contracting.

PMI Reports

Brazil Manufacturing (English)

Brazil Manufacturing (Brazilian Portugese)

Brazil Services (English)

Brazil Services (Brazilian Portuguese)

China Manufacturing (English)

China Manufacturing (Chinese)

China Services (English)

China Services (Chinese)

Czech Manufacturing (English)

Czech Manufacturing (Czech)

HongKong Manufacturing (English)

HongKong Manufacturing (Chinese)

HongKong Services (English)

HongKong Services (Chinese)

Hong Kong Total Economy (English)

Hong Kong Total Economy (Chinese)

India Manufacturing (English)

India Services (English)

Polish Manufacturing (English)

Polish Manufacturing (Polish)

Russian Manufacturing (English)

Russian Manufacturing (Russian)

Russian Services (English)

Russian Services (Russian)

Saudi Arabia (English)

Saudi Arabia (Arabic)

South Korean Manufacturing (English)

South Korean Manufacturing (Korean)

Taiwan Manufacturing (English)

Taiwan Manufacturing (Taiwanese)

Turkey Manufacturing (English)

Turkey Manufacturing (Turkish)

UAE (English)

UAE (Arabic)

PMI Press Releases

Brazil Manufacturing (English)

Brazil Manufacturing (Brazilian Portugese)

Brazil Services (English)

Brazil Services (Brazilian Portuguese)

China Manufacturing (English)

China Manufacturing (Chinese)

China Services (English)

China Services (Chinese)

Czech Manufacturing (English)

Czech Manufacturing (Czech)

HongKong Manufacturing (English)

HongKong Manufacturing (Chinese)

HongKong Services (English)

Hong Kong Services (Chinese)

Hong Kong Total Economy (English)

Hong Kong Total Economy (Chinese)

India Manufacturing (English)

India Services (English)

Polish Manufacturing (English)

Polish Manufacturing (Polish)

Russian Manufacturing (English)

Russian Manufacturing (Russian)

Russian Services (English)

Russian Services (Russian)

Saudi Arabia (English)

Saudi Arabia (Arabic)

South Korean Manufacturing (English)

South Korean Manufacturing (Korean)

Taiwan Manufacturing (English)

Taiwan Manufacturing (Taiwanese)

Turkey Manufacturing (English)

Turkey Manufacturing (Turkish)

UAE (English)

UAE (Arabic)

Philippines at a glance

Full name: Republic of the Philippines

Capital: Manila

Area: 300,000 sq km (115,831 sq mi)

Population: 91.9 million (2009 est)

Median age: 22.9

Urban population: 49% (2010)

Literacy: 92%

GDP (official exchange rate): USD189.5 billion (2010 est)

Labour force: 38.4 million (2009 est)

Unemployment: 7.6% (2009 est)

Monetary unit: (PHP) Philippines peso

Exports: USD50.72 billion (2010 est)

Export commodities: semiconductors and electronic products, transport equipment, clothing, copper products, petroleum products, coconut oil, fruits

Imports: USD59.9 billion (2010 est)

Import commodities: electronic products, mineral fuels, machinery and transport equipment, iron and steel, textile fabrics, grains, chemicals, plastic

Sources: HSBC, Philippines Government, World Bank and UN Statistics

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