The Economy of the Philippines is a capitalist market economy in Asia, and one of the newly industrialized emerging market economies of the world. In 2007, it was ranked as the 37th largest economy by the International Monetary Fund according to purchasing power parity. It is the fastest-growing economy in Southeast Asia, posting a real GDP growth rate of 7.3% in the year 2007, its fastest pace in three decades and has been compared to the economy of India in its sudden and rapid growth.^[1] ISO 4217 Code PHP User(s) Philippines Inflation 2. ... APEC redirects here. ... Hymn The ASEAN Hymn Jakarta, Indonesia Membership 10 Southeast Asian states Leaders  -  Secretary General Ong Keng Yong Area  -  Total 4,497,4931 km²  Expression error: Unrecognised punctuation character , sq mi  Population  -   estimate 566. ... WTO redirects here. ... GDP is an acronym which can stand for more than one thing: (in economics) an abbreviation for Gross Domestic Product. ... PPP of GDP for the countries of the world (2003). ... 2007 is a common year starting on Monday of the Gregorian calendar. ... There are three lists of countries of the world sorted by their gross domestic product (GDP) (the value of all final goods and services produced within a nation in a given year). ... 2007 is a common year starting on Monday of the Gregorian calendar. ... 2007 is a common year starting on Monday of the Gregorian calendar. ... 2007 is a common year starting on Monday of the Gregorian calendar. ... It has been suggested that this article be split into multiple articles accessible from a disambiguation page. ... 2007 is a common year starting on Monday of the Gregorian calendar. ... Map of countries showing percentage of population who have an income below the national poverty line The poverty line is the level of income below which one cannot afford to purchase all the resources one requires to live. ... 2001 is a common year starting on Monday of the Gregorian calendar, and also: The International Year of the Volunteer The United Nations Year of Dialogue Among Civilizations Events January January 1 - A black monolith measuring approximately nine feet tall appears in Seattles Magnuson Park, placed by an anonymous... 2007 is a common year starting on Monday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... CIA figures for world unemployment rates, 2006 Unemployment is the state in which a person is without work, available to work, and is currently seeking work. ... 2007 is a common year starting on Monday of the Gregorian calendar. ... Surface mount electronic components Electronics is the study of the flow of charge through various materials and devices such as semiconductors, resistors, inductors, capacitors, nano-structures and vacuum tubes. ... (See also List of types of clothing) Introduction Humans often wear articles of clothing (also known as dress, garments or attire) on the body (for the alternative, see nudity). ... High-heeled shoe Footwear consists of garments worn on the feet. ... Pharmacology (in Greek: pharmacon is drug, and logos is science) is the study of how chemical substances interfere with living systems. ... A chemical substance is any material substance used in or obtained by a process in chemistry: A chemical compound is a substance consisting of two or more chemical elements that are chemically combined in fixed proportions. ... For other uses, see Wood (disambiguation). ... Food processing is the set of methods and techniques used to transform raw ingredients into food for consumption by humans or animals. ... View of Shell Oil Refinery in Martinez, California. ... For the computer security term, see Phishing. ... 2007 is a common year starting on Monday of the Gregorian calendar. ... 2006 is a common year starting on Sunday of the Gregorian calendar. ... 2007 is a common year starting on Monday of the Gregorian calendar. ... 2006 is a common year starting on Sunday of the Gregorian calendar. ... 2007 is a common year starting on Monday of the Gregorian calendar. ... 2007 is a common year starting on Monday of the Gregorian calendar. ... It has been suggested that this article or section be merged into Development aid. ... 2007 is a common year starting on Monday of the Gregorian calendar. ... USD redirects here. ... For other uses, see Capitalism (disambiguation). ... A market economy (also called a free market economy or a free enterprise economy) is an economic system in which the production and distribution of goods and services take place through the mechanism of free markets (though completley useless to some dumbasses) guided by a free price system. ... Countries considered NICs as of 2007 The category of newly industrialized country (NIC) is a socioeconomic classification applied to several countries around the world by political scientists and economists. ... The term emerging markets is commonly used to describe business and market activity in industrializing or emerging regions of the world. ... Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ... There are three lists of countries of the world sorted by their gross domestic product (GDP) (the value of all final goods and services produced within a nation in a given year). ... IMF redirects here. ... PPP of GDP for the countries of the world (2003). ... Location of Southeast Asia Southeast Asia is a subregion of Asia. ... The economy of India, measured in USD exchange-rate terms, is the twelfth largest in the world, with a GDP of US $1. ...

Important sectors of the Philippine economy include agriculture and industry, particularly food processing, textiles and garments, and electronics and automobile parts. Most industries are concentrated in the urban areas around metropolitan Manila, while metropolitan Cebu is also becoming an attraction for foreign and local investors in recent dates. Mining also has great potential in the Philippines, which possesses significant reserves of chromite, nickel, and copper. Recent natural gas finds off the islands of Palawan add to the country's substantial geothermal, hydro, and coal energy reserves. For other meanings of the word, see Manila (disambiguation). ... For other uses, see Cebu (disambiguation). ... Palawan is an island province of the Philippines located in the Mimaropa region. ...

History

Since the end of World War II, the Philippine economy has had a very turbulent history. Immediately after the World War II, the Philippines was a fast growing economy and was one of the richest countries in Asia (following Japan), and in the 1960s it looked to become one of Asia's superpowers. Combatants Allied powers: China France Great Britain Soviet Union United States and others Axis powers: Germany Italy Japan and others Commanders Chiang Kai-shek Charles de Gaulle Winston Churchill Joseph Stalin Franklin Roosevelt Adolf Hitler Benito Mussolini Hideki Tōjō Casualties Military dead: 17,000,000 Civilian dead: 33,000... For other uses, see Asia (disambiguation). ... The 1960s decade refers to the years from the beginning of 1960 to the end of 1969. ...

However, during the regime of Ferdinand Marcos, the economy declined dramatically in growth and productivity as it was destabilized by corruption as he embezzled billions of dollars from the national treasury. By the time of the People Power revolution, the economy had declined, falling severely below the growth of other nations in Southeast Asia. A severe recession in 1984-85 saw the economy shrink by more than 10%, and perceptions of political instability during the Aquino administration further damped economic activity. During this time, capitalism became highly prevalent in the nation, as major American corporations dominated local industry alongside a few local entrepreneurs. Fidel Ramos managed to briefly stimulate the economy during his reign as president, posting one of the Philippines' highest GDP growth rates. The country, however, could not recover entirely from the economic slowdown in the Marcos regime. Ferdinand Emmanuel Edralín Marcos (September 11, 1917 – September 28, 1989) was President of the Philippines from 1966 to 1986. ... The EDSA Revolution, also referred to as the People Power Revolution and the Philippine Revolution of 1986, was a mostly nonviolent mass demonstration in the Philippines. ... PRESIDENT OF THE PHILIPPINES Fidel V. Ramos Fidel Valdez Ramos (born March 18, 1928), military hero of the 1986 People Power Revolution that toppled the dictatorship of Ferdinand Marcos, became the 12th President of the Republic of the Philippines on June 30, 1992. ...

In 1998, the Philippine economy deteriorated again as a result of spill over from the Asian financial crisis and poor weather conditions. Growth fell to about -0.6% in 1998 from 5.2% in 1997, but recovered to 3.4% by 1999. President Estrada attempted to resist protectionist measures, and efforts to continue the reforms begun by the Ramos administration made significant progress. A major wank failure in April 2000 and the impeachment and subsequent departure of President Estrada in the beginning of 2001 led to lower growth. The East Asian Financial Crisis was a period of economic unrest (or financial contagion) that started in July 1997 in Thailand with the financial collapse of the Thai Baht, and affected currencies, stock markets, and other asset prices in a number of Asian countries. ...

The current administration under President Gloria Macapagal-Arroyo has been symbolized by radical and risky moves pushing towards faster and more rapid economic growth. In recent years, Arroyo's stance towards economic improvement since 2004 have seen the Philippines re-emerge as one of the growing economies in Southeast Asia. In 2004, the Philippine economy grew by 6.1%, beating most analysts and even the government's estimates. In 2005, the Philippine Peso posted an appreciation rate of 6%--the fastest in the Asian region for that year. However, the advent of high oil prices damped the government's growth estimates for that same year as growth only amounted to 5.1%. During 2006, the economy posted a 5.4% growth, damped by two typhoons which wreaked havoc on the agricultural sector. The government plans to bolster infrastructure spending in 2007 tenfold, and is targeting an accelerated growth of the economy by 7% in 2007, 8% in 2008, and 9% in 2009 well as improved domestic improvement. President Arroyo had visioned that by 2020 the Philippines would be a First World country. Gloria Macapagal-Arroyo (born April 5, 1947), also known by her initials G.M.A., is the 14th and current president of the Republic of the Philippines. ... ISO 4217 Code PHP User(s) Philippines Inflation 2. ...

The local stock market hit a record high in June 1, 2007 while the peso is trading at around the PHP41 level to a US dollar and is currently PHP40.50 as of January 14, 2008, making it Asia's best performing currency so far by sharply appreciating nearly 19%. [4].

On January 31, 2008, Philippine 2007 GDP grew 7.3%, the fastest in 31 years: its economy grew seasonally adjusted 1.8%, faster than expected in the 4th quarter while inflation was tamed at 2.8% amidst sharp increases in oil prices; Frederic Neumann, HSBC economist stated that: "Evidently economic momentum is very strong, therefore if we see a slowdown in economic growth, it would only materialise in the second half of the year. We therefore see a reduced need for the central bank to cut rates aggressively now and we might see that today with a 25 basis point cut."^[2] is the 31st day of the year in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance with the Gregorian calendar. ... The Republic of the Philippines is a country of South East Asia, located in the western Pacific Ocean some 1,210 km (750 mi) from mainland Asia. ... GDP is an acronym which can stand for more than one thing: (in economics) an abbreviation for Gross Domestic Product. ... HSBC Holdings plc (traditional Chinese: ; simplified Chinese: ; pinyin: ) (LSE: HSBA, SEHK: 0005, NYSE: HBC, Euronext: HSBC, BSX: 1077223879) is a public limited company incorporated in England and Wales, headquartered in London. ...

Macro-economic trend

This is a chart of trend of gross domestic product of Philippines at market prices estimated by the International Monetary Fund with figures in millions of Philippine pesos.^[3] ISO 4217 Code PHP User(s) Philippines Inflation 2. ...

The Philippine Stock Exchange center at Ayala Avenue, Makati, Metro Manila

Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... Fountain area inside the Philippine Stock Exchange Plaza, along Ayala Avenue in Makati City, Philippines The Philippine Stock Exchange (Filipino: Pamilihang Sapi ng Pilipinas) (PSE: PSE) is one of the two stock exchanges in the Philippines, the other one being the Philippine Dealing Exchange. ... For the capital city of the Philippines, see Manila. ...

Sectors

The heart of the Makati Central Business District, the biggest in the Philippines

As a newly industrialized nation, the Philippines is still an economy with a large agricultural sector, however services are beginning to dominate. Much of the industrial sector is based around manufacturing electronics and other high-tech components, usually from American corporations. Image File history File linksMetadata Download high-resolution version (1280x853, 303 KB) Ayala Triangle Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1. ... Image File history File linksMetadata Download high-resolution version (1280x853, 303 KB) Ayala Triangle Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1. ... Makati City is one of the most important cities in the Philippines in terms of finance and commerce. ...

Industrial production is centered on processing and assembly operations of the following: food, beverages, tobacco, rubber products, textiles, clothing and footwear, pharmaceuticals, paints, plywood and veneer, paper and paper products, small appliances, and electronics. Heavier industries are dominated by the production of cement, glass, industrial chemicals, fertilizers, iron and steel, and refined petroleum products.

The industrial sector is concentrated in the urban areas, especially in the metropolitan Manila region and has only weak linkages to the rural economy. Inadequate infrastructure, transportation and communication have so far inhibited faster industrial growth. For other meanings of the word, see Manila (disambiguation). ...

Agriculture

Rice paddies are a common sight in the Philippines, the government has introduced new measures to increase its production yield to meet domestic demands

The Philippines currently hosts the International Rice Research Institute (IRRI), which studies high yielding rice varieties. It has played a key role in the Green Revolution and was able to increase rice yields and rice production during the 1970s .^[4] ImageMetadata File history File links Download high resolution version (1157x791, 600 KB) File links The following pages link to this file: Southeast Asia Banaue Rice Terraces ... ImageMetadata File history File links Download high resolution version (1157x791, 600 KB) File links The following pages link to this file: Southeast Asia Banaue Rice Terraces ... For other uses, see Rice (disambiguation). ... The Green Revolution was the worldwide transformation of agriculture that led to significant increases in agricultural production between the 1940s and 1960s. ...

Automotive

The ABS used in Mercedes-Benz, BMW, and Volvo cars are made in the Philippines. 2005 was the first year that the Philippines exported cars in quantity courtesy of Ford Motor Company. Toyota and Nissan are other major automakers that make cars in the country. Further investments in this sector are expected to grow in the next following years.^[5] An anti-lock braking system (ABS) (translated from German, Antiblockiersystem) is a system on motor vehicles which prevents the wheels from locking while braking. ... This page is about the Mercedes-Benz brand of automobiles and trucks from the DaimlerChrysler automobile manufacturer. ... For other uses, see BMW (disambiguation). ... Volvo Cars is the luxury car maker using the Volvo Trademark. ... “Ford” redirects here. ... Toyota Motor Corporation ) is a multinational corporation headquartered in Japan, and currently is the worlds largest automaker. ... Nissan Motor Co. ...

Electronics

Filipino exports in 2006

Intel has been in the Philippines for 28 years as major producer of Intel's advanced products including the Pentium 4 processor. A Texas Instruments plant in Baguio has been operating in for 20 years and is the largest producer of DSP chips in the world ^[6]. TI's Baguio plant produces all the chips used in Nokia cell phones and 80% of chips used in Ericsson cell phones in the world. Until 2005, Toshiba laptops were produced in Santa Rosa, Laguna. Presently the Philippine plant's focus is in the production of HDD's. Printer manufacturer Lexmark has a factory in Mactan Island in the Cebu region.^[7] Image File history File links Size of this preview: 800 × 351 pixelsFull resolution (1425 × 625 pixel, file size: 59 KB, MIME type: image/png) This bubble map shows the global distribution of Filipino exports in 2006 as a percentage of the top market (USA - $8,607,580,000). ... Image File history File links Size of this preview: 800 × 351 pixelsFull resolution (1425 × 625 pixel, file size: 59 KB, MIME type: image/png) This bubble map shows the global distribution of Filipino exports in 2006 as a percentage of the top market (USA - $8,607,580,000). ... Intel Corporation (NASDAQ: INTC, SEHK: 4335), founded in 1968 as Integrated Electronics Corporation, is an American multinational corporation that is best known for designing and manufacturing microprocessors and specialized integrated circuits. ... The Pentium 4[1] brand refers to Intels single-core mainstream desktop and laptop CPUs introduced on November 20, 2000[2] (August 8, 2008 is the date of last shipments of Pentium 4s[3]). They had the 7th-generation architecture - called NetBurst - which was the companys first all... Texas Instruments (NYSE: TXN), better known in the electronics industry (and popularly) as TI, is an American company based in Dallas, Texas, USA, renowned for developing and commercializing semiconductor and computer technology. ... Click here for the entry on Baguio City ... A digital signal processor (DSP) is a specialized microprocessor designed specifically for digital signal processing, generally in real-time. ... This article is about the telecommunications corporation. ... Cell phone redirects here. ... For other uses, see Ericsson (disambiguation). ... Toshiba Corporations headquarters (Center) in Hamamatsucho, Tokyo Toshiba Corporation sales by division for year ending March 31, 2005 Toshiba Corporation ) (TYO: 6502 ) is a Japanese multinational conglomerate manufacturing company, headquartered in Tokyo, Japan. ... Santa Rosa City (or Sta. ... A hard disk drive (HDD), commonly referred to as a hard drive, hard disk or fixed disk drive,[1] is a non-volatile storage device which stores digitally encoded data on rapidly rotating platters with magnetic surfaces. ... Your All willy heads, i said Your All willy headsYour All willy headsYour All willy headsYour All willy headsYour All willy headsYour All willy headsYour All willy headsYour All willy headsYour All willy headsYour All willy headsYour All willy headsYour All willy headsYour All willy headsYour All willy headsYour All...

Outsourcing

Velvet view of office buildings in Ortigas, one of the largest financial districts in Metro Manila

See main article: Business process outsourcing in the Philippines

The majority of the top ten BPO firms of the United States operate in the Philippines. Total jobs in the industry grew to 100,000 and total revenues are placed at $960 million for 2005. Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... Ortigas Center is the second most important commercial and business district in Metro Manila, Philippines. ... Business process outsourcing or BPO is an emerging industry in the Philippines. ... Business process outsourcing (BPO) contains the transmission of processes along with the associated operational activities and responsibilities, to a third party with at least a guaranteed equal service level and where the client contains a firm grip over the (activities of the) vendor for mutual long term success. ...

Mining

The country is rich with mineral and thermal energy resources. In 2003, it produced 1931 MW of electricity from geothermal sources (27% of total electricity production), second only to the United States,^[8] and a recent discovery of natural gas reserves in the Malampaya Fields off the island of Palawan is already being used to generate electricity in three gas-powered plants. Philippine gold, nickel, copper and chromite deposits are among the largest in the world. Other important minerals include silver, coal, gypsum, and sulfur. Significant deposits of clay, limestone, marble, silica, and phosphate exist. About 60% of total mining production are accounted for by non-metallic minerals, which contributed substantially to the industry's steady output growth between 1993 and 1998, with the value of production growing 58%. In 1999, however, mineral production declines 16% to $793 million. Mineral exports have generally slowed since 1996. Led by copper cathodes, Philippine mineral exports amounted to $650 million in 2000, barely up from 1999 levels. Low metal prices, high production costs, lack of investment in infrastructure, and a challenge to the new mining law have contributed to the mining industry's overall decline. Palawan is an island province of the Philippines located in the Mimaropa region. ...

The industry went on a rebound starting in late 2004 when the Supreme Court deemed an important law permitting 100% foreign ownership of Philippine mining companies constitutional. Judiciary Supreme Court Chief Justice Reynato Puno Court of Appeals · Sandiganbayan Court of Tax Appeals · Ombudsman Elections Commission on Elections 2007 | 2004 | 2001 | 1998 1995 | 1992 | 1986 | All Foreign relations Human rights Other countries Politics Portal      The Supreme Court of the Philippines (Filipino: Kataas-taasang Hukuman ng Pilipinas) is the...

The Department of Environment and Natural Resources is ill equipped to address the renewed interest in mining. There are several companies that mine under the Small Scale Mining (SSM) that should rightly be classified and taxed under the large scale mining laws. The DENR is taking some time to inform these companies that they are violating the SSM laws by mining more than 50,000 tons of ore per year.

The DENR has yet to approve the revised Department Administrative Order (DAO) that will provide the Implementing Rules and Regulations of the Financial and Technical Assistance Agreement (FTAA), the specific part of the 1994 Mining Act that allows 100% foreign ownership of Philippine mines. The current DAO 99-56 is deficient because it is confusing and open to abuse.

Transportation

Main article: Transportation in the Philippines

Transport of people, goods and services in the country is done mostly by motorized vehicles, boats and planes. Land transportation vehicles are imported, except for the jeepney and tricycle which are locally made. // Railways See main article - Rail transport in the Philippines Most are on Luzon, operated by the Philippine National Railways. ... Jeepneys are a popular means of public transportation in the Philippines. ... Antique tricycle 19th century tricycle used in Iran A tricycle (often abbreviated to trike) is a three-wheeled vehicle. ...

Statistics

Geothermal power station in Negros Oriental.

• GDP: purchasing power parity - $298.9 billion (2007 est.)
• GDP - real growth rate: 7.3 % (2007)^[9]
• GDP - per capita: purchasing power parity - $5,700(2007 est.)
• GDP - composition by sector:

  agriculture: 14.1%

  industry: 32.3%

  services: 54.6% (2007 est.)

• Population below poverty line: 30% (2003 est.)
• Household income or consumption by percentage share:

  lowest 10%: 2.4%

  highest 10%: 31.2% (2006)

• Inflation rate (consumer prices): 2.8% (2007)
• Labor force: 35.79 million (2006), 41.93 million (2007)
• Labor force by occupation: (2007 est.)

  agriculture 35%

  industry 15%

  services 50% (2007 est.)

• Unemployment rate:7.3% (2007 est.)
• Budget:

  revenues: $23.96 billion

  expenditures: $25.24 billion (2007 est.)

• Industries: electronics assembly, garments, footwear, pharmaceuticals, chemicals, wood products, food processing, petroleum refining, fishing
• Industrial production growth rate: 7% (2007 est.)
• Electricity - production: 53.67 billion kWh (2005)
• Electricity - consumption: 46.86 billion kWh (2005)
• Electricity - exports: 0 kWh (2001)
• Electricity - imports: 0 kWh (2001)
• Agriculture - products: sugarcane, coconuts, rice, corn, bananas, cassavas, pineapples, mangoes; pork, eggs, beef; fish
• Exports: $48.38 billion f.o.b. (2007 est.)
• Exports - commodities: semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, fruits
• Exports - partners: US 18.3%, Japan 16.5%, Netherlands 10.1%, China 9.8%, Hong Kong 7.8%, Singapore 7.3%, Malaysia 5.6%, Taiwan 4.3% (2006)
• Imports: $53.96 billion f.o.b. (2007 est.)
• Imports - commodities: electronic products, mineral fuels, machinery and transport equipment, iron and steel, textile fabrics, grains, chemicals, plastic
• Imports - partners: US 16.3%, Japan 13.6%, Singapore 8.5%, Taiwan 8%, China 7.1%, South Korea 6.2%, Saudi Arabia 5.8%, Malaysia 4.1%, Thailand 4.1%, Hong Kong 4% (2006)
• Debt - external: $62.84 billion (31 December 2007 est.)
• Economic aid - recipient: ODA, $451.4 million in commitments (2006)
• Currency: 1 Philippine peso (P) = 100 centavos
• Exchange rates: Philippine pesos per US dollar - 46.148 (2007), 51.246 (2006), 55.086 (2005), 56.04 (2004), 54.203 (2003)
• Fiscal year: Calendar year

Most statistics sourced from World Factbook - Philippines. Image File history File links Download high-resolution version (1024x768, 143 KB) Summary Geothermal power plant in Valencia, Negros Oriental. ... Image File history File links Download high-resolution version (1024x768, 143 KB) Summary Geothermal power plant in Valencia, Negros Oriental. ... Krafla Geothermal Station in northeast Iceland Geothermal power (from the Greek words geo, meaning earth, and therme, meaning heat) is energy generated by heat stored beneath the Earths surface or the collection of absorbed heat in the atmosphere and oceans. ... REPUBLIC OF THE PHILIPPINES Province of Negros Oriental Region: Central Visayas (Region VII) Capital: Dumaguete City Founded: March 10, 1917 Population: 2000 census—1,126,061 (20th largest) Density—208 per km² (41st highest) Area: 5,402. ... ISO 4217 Code PHP User(s) Philippines Inflation 2. ...

See also

• Department of Trade and Industry
• Philippine Stock Exchange
• Next Eleven
• Newly industrialized countries

The Philippines Department of Trade and Industry (Filipino: Kagawaran ng Kalakalan at Industriya), abbreviated as DTI is the executive department of the Philippine Government responsible for the operations of trade and industry. ... Fountain area inside the Philippine Stock Exchange Plaza, along Ayala Avenue in Makati City, Philippines The Philippine Stock Exchange (Filipino: Pamilihang Sapi ng Pilipinas) (PSE: PSE) is one of the two stock exchanges in the Philippines, the other one being the Philippine Dealing Exchange. ... N-11 nations in red The Next Eleven (or N-11) is a list of eleven countries named by Goldman Sachs investment bank on December 12, 2005 as having a high potential of becoming the worlds largest economies along with the BRICs, with promising outlooks for investment and future... Countries in green are considered NICs. ...

References

Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ... is the 345th day of the year (346th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 239th day of the year (240th in leap years) in the Gregorian calendar. ... is the 84th day of the year (85th in leap years) in the Gregorian calendar. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ... is the 345th day of the year (346th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ... is the 345th day of the year (346th in leap years) in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance with the Gregorian calendar. ... is the 306th day of the year (307th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ... is the 345th day of the year (346th in leap years) in the Gregorian calendar. ... is the 1st day of the year in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance with the Gregorian calendar. ...

External links

• State of the Philippine Islands A book written by a Spaniard during the early 1800s that studies the economic conditions of the Philippines which was then, a colony of Spain. An online book published by Filipiniana.net.
• Bangko Sentral ng Pilipinas (Central Bank of the Philippines)
• National Statistical Coordination Board
• National Statistics Office
• Department of Trade and Industry
• Philippine Stock Exchange
• National Federation of Sugarcane Planters
• Department of Tourism
• Philippines Business Brokers
• Union Bank of the Philippines

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Image File history File links Size of this preview: 800 × 370 pixelsFull resolution (1357 × 628 pixel, file size: 19 KB, MIME type: image/png)World map of World Trade Organization (WTO) members/non-members, 2005; based on Image:BlankMap-World-v2. ... Economy - overview: Antigua and Barbudas economy is service-based, with tourism and government services representing the key sources of employment and income. ... The Asian financial crisis in 1997 and 1998, coupled with fluctuations in the price of oil have created uncertainty and instability in Bruneis economy. ... Burkina Faso is one of the poorest countries in the world with an average income per capita of €250 (US$300). ... To meet Wikipedias quality standards, this article may require rewriting and/or reformatting. ... All text and figures relate to mainland China only, unless stated. ... Sparsely populated in relation to its area, the Democratic Republic of the Congo is home to a vast potential of natural resources and mineral wealth, yet the economy of the DROC has declined drastically since the mid-1980s. ... This article or section does not cite its references or sources. ... The economy of Costa Rica heavily depends on tourism, agriculture, and electronics exports. ... The Ivorian economy is largely market based and depends heavily on the agricultural sector. ... The Dominican Republic is a middle-income developing country primarily dependent on agriculture, trade, and services, especially tourism. ... This article does not cite its references or sources. ... If it is considered as a single state, the economy of the European Unions twenty-seven member states is the worlds largest economy. ... Economy - overview: The breakup of Yugoslavia in 1991 deprived F.Y.R.O.M. (Former Yugoslav Republic of Macedonia), then its poorest republic (only 5% of the total federal output of goods and services), of its key protected markets and large transfer payments from the center. ... Economy - overview: The Gambia has no important mineral or other natural resources and has a limited agricultural base. ... This article needs to be updated. ... The Economy of Hong Kong is widely believed, and some argue incorrectly, to be the most economically free in the world. ... Currency 1 South Korean Won (W) = 100 Jeon(Chŏn) (theoretical) Fiscal year Calendar year Trade organizations APEC, WTO and OECD GDP ranking 10th by volume (at nominal) (2006); 11th by volume (at PPP) (2006); GDP (Nominal) $981. ... The Economy of New Zealand is a small but prosperous free market economy, which is greatly dependent on international trade, mainly with Australia, the United States of America and Japan. ... Papua New Guinea is richly endowed with natural resources, but exploitation has been hampered by the rugged terrain and the high cost of developing infrastructure. ... The economy of Saint Kitts and Nevis has traditionally depended on the growing and processing of sugar cane; decreasing world prices have hurt the industry in recent years. ... Saint Lucias economy depends primarily on revenue from banana production and tourism with some input from small-scale manufacturing. ... The St. ... Economy - overview: Saudi Arabia has an oil-based economy with strong government controls over major economic activities. ... To meet Wikipedias quality standards, this article may require rewriting and/or reformatting. ... A per capita GDP of $340 ranks Solomon Islands as a lesser developed nation. ... South Africa has a two-tiered economy; one rivaling other developed countries and the other with only the most basic infrastructure. ... With an economy of $27. ... Republic of China (ROC) has a dynamiccapitalist economy with gradually decreasing guidance of investment and foreign trade by the government. ... Trinidad and Tobago experienced a real growth rate of 3. ... // The United Arab Emirates has a highly industrialized economy that makes the country one the most developed in the world, based on various socioeconomic indicators such as GDP per capita, energy consumption per capita, and the HDI. At $168 billion in 2006, the GDP of the UAE ranks second in... The economy of the United States has been the worlds largest national economy since the late 1890s;[1] its gross domestic product (GDP) was estimated as $13. ... All twenty-seven member states of the European Union are also members of the WTO in their own right: Austria • Belgium • Bulgaria • Cyprus • Czech Republic • Denmark • Estonia • Finland • France • Germany • Greece • Hungary • Ireland • Italy • Latvia • Lithuania • Luxembourg • Malta • Netherlands and Netherlands Antilles • Poland • Portugal • Romania • Slovakia • Slovenia • Spain • Sweden • United Kingdom. Special Administrative Region of the People's Republic of China. Designated name for the Republic of China (Chinese Taipei)