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Economy Stats: compare key data on French Guiana & Philippines

Definitions

  • Budget > Expenditures: Expenditures calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
  • Budget > Revenues: Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
  • Currency: The national medium of exchange and its basic sub-unit.
  • Debt > External: Total public and private debt owed to non-residents repayable in foreign currency, goods, or services.
  • Debt > External > Per capita: Total public and private debt owed to non-residents repayable in foreign currency, goods, or services. Per capita figures expressed per 1 population.
  • Overview: This entry briefly describes the type of economy, including the degree of market orientation, the level of economic development, the most important natural resources, and the unique areas of specialization. It also characterizes major economic events and policy changes in the most recent 12 months and may include a statement about one or two key future macroeconomic trends.
  • Fiscal year: The beginning and ending months for a country's accounting period of 12 months, which often is the calendar year but which may begin in any month. All yearly references are for the calendar year (CY) unless indicated as a noncalendar fiscal year (FY).
  • GDP > Composition by sector > Agriculture: The gross domestic product (GDP) or value of all final goods produced by the agricultural sector within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
  • GDP > Composition by sector > Industry: The gross domestic product (GDP) or value of all final goods produced by the industrial sector within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
  • GDP > Composition by sector > Services: The gross domestic product (GDP) or value of all final services produced within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
  • GDP > Per capita: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. Per capita figures expressed per 1 population.
  • GDP > Purchasing power parity: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller.
  • GDP > Purchasing power parity > Per capita: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. Per capita figures expressed per 1 population.
  • Inflation rate > Consumer prices: This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices.
  • Exchange rates: The official value of a country's monetary unit at a given date or over a given period of time, as expressed in units of local currency per US dollar and as determined by international market forces or official fiat.
  • Trade > Exports to US: in US dollars. Jan 2003 - March 2003
  • Trade > Imports: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • GDP > CIA Factbook > Per capita: Per capita figures expressed per 1 population.
  • GDP > Per $ GDP: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. Per $ GDP figures expressed per 1 $ gross domestic product.
  • Trade > Exports: The total US dollar amount of exports on an f.o.b. (free on board) basis.
  • Debt > External > Per $ GDP: Total public and private debt owed to non-residents repayable in foreign currency, goods, or services. Per $ GDP figures expressed per 1,000 $ gross domestic product.
  • Budget > Expenditures > Capital: This entry includes revenues, expenditures, and capital expenditures. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Trade balance with US: In US dollars. Jan 2003 - March 2003
  • Tourism receipts > International > Per $ GDP: Per $ GDP figures expressed per $1,000 gross domestic product
  • Trade > Exports > Per $ GDP: The total US dollar amount of exports on an f.o.b. (free on board) basis. Per $ GDP figures expressed per 1 $ gross domestic product.
STAT French Guiana Philippines HISTORY
Agriculture > Products <a href=/encyclopedia/maize>corn</a>, rice, manioc, sugar, cocoa, vegetables, bananas; cattle, <a href=/encyclopedia/pig>pigs</a>, poultry sugarcane, coconuts, rice, corn, bananas, cassavas, pineapples, mangoes; pork, eggs, beef; fish
Budget > Expenditures $135.50 million
Ranked 6th.
$42.10 billion
Ranked 59th. 311 times more than French Guiana

Budget > Revenues $135.50 million
Ranked 6th.
$36.35 billion
Ranked 59th. 268 times more than French Guiana

Currency euro Philippine peso
Debt > External $800.30 million
Ranked 109th.
$74.88 billion
Ranked 53th. 94 times more than French Guiana

Debt > External > Per capita $4,281.58 per capita
Ranked 18th. 6 times more than Philippines
$678.33 per capita
Ranked 81st.

Overview The economy is tied closely to the much larger French economy through subsidies and imports. Besides the French space center at Kourou (which accounts for 25% of GDP), fishing and forestry are the most important economic activities. Forest and woodland cover 90% of the country. The large reserves of tropical hardwoods, not fully exploited, support an expanding sawmill industry that provides sawn logs for export. Cultivation of crops is limited to the coastal area, where the population is largely concentrated; rice and manioc are the major crops. French Guiana is heavily dependent on imports of food and energy. Unemployment is a serious problem, particularly among younger workers. Philippine GDP growth, which cooled from 7.6% in 2010 to 3.9% in 2011, expanded to 6.6% in 2012 - meeting the government's targeted 6%-7% growth range. The 2012 expansion partly reflected a rebound from depressed 2011 export and public sector spending levels. The economy has weathered global economic and financial downturns 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 rapidly expanding business process outsourcing industry. The current account balance had recorded consecutive surpluses since 2003; international reserves are at record highs; the banking system is stable; and the stock market was Asia's second best-performer in 2012. Efforts to improve tax administration and expenditure management have helped ease the Philippines' tight fiscal situation and reduce high debt levels. The Philippines received several credit rating upgrades on its sovereign debt in 2012, and has had little difficulty tapping domestic and international markets to finance its deficits. Achieving a higher growth path nevertheless remains a pressing challenge. Economic growth in the Philippines averaged 4.5% during the MACAPAGAL-ARROYO administration but poverty worsened during her term. Growth has accelerated under the AQUINO government, but with limited progress thus far in bringing down unemployment, which hovers around 7%, and improving the quality of jobs. Underemployment is nearly 20% and more than 40% of the employed are estimated to be working in the informal sector. The AQUINO administration has been working to boost the budgets for education, health, cash transfers to the poor, and other social spending programs, and is relying on the private sector to help fund major infrastructure projects under its Public-Private Partnership program. Long term challenges include reforming governance and the judicial system, building infrastructure, improving regulatory predictability, and the ease of doing business, attracting higher levels of local and foreign investments. The Philippine Constitution and the other laws continue to restrict foreign ownership in important activities/sectors (such as land ownership and public utilities).
Fiscal year calendar year calendar year
GDP > Composition by sector > Agriculture 6.6%
Ranked 84th.
12.4%
Ranked 79th. 88% more than French Guiana

GDP > Composition by sector > Industry 15.6%
Ranked 132nd.
31.3%
Ranked 69th. Twice as much as French Guiana

GDP > Composition by sector > Services 77.8%
Ranked 8th. 38% more than Philippines
56.4%
Ranked 108th.

GDP > Per capita $8,297.80 per capita
Ranked 12th. 2 times more than Philippines
$3,756.92 per capita
Ranked 73th.

GDP > Purchasing power parity $1.55 billion
Ranked 14th.
$419.60 billion
Ranked 31st. 271 times more than French Guiana

GDP > Purchasing power parity > Per capita $8,297.80 per capita
Ranked 12th. 2 times more than Philippines
$3,756.92 per capita
Ranked 73th.

Inflation rate > Consumer prices 1%
Ranked 146th.
3.2%
Ranked 114th. 3 times more than French Guiana

Exchange rates Euros per US dollar - 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000) Philippine pesos (PHP) per US dollar -<br />42.23 (2012 est.)<br />43.31 (2011 est.)<br />45.11 (2010 est.)<br />47.68 (2009)<br />44.44 (2008)
GDP > CIA Factbook $1.55 billion
Ranked 168th.
$390.70 billion
Ranked 25th. 252 times more than French Guiana

Trade > Exports to US $3.10 million
Ranked 153th.
$2.61 billion
Ranked 21st. 843 times more than French Guiana
Tourist arrivals by region of origin > Europe 44,850
Ranked 130th.
246,449
Ranked 82nd. 5 times more than French Guiana

Trade > Imports $625.00 million
Ranked 139th.
$59.90 billion
Ranked 41st. 96 times more than French Guiana

GDP > CIA Factbook > Per capita $8,297.80 per capita
Ranked 63th. 70% more than Philippines
$4,873.62 per capita
Ranked 93th.

GDP > Per $ GDP $8,297.80 per $1 of GDP
Ranked 12th. 2 times more than Philippines
$3,756.92 per $1 of GDP
Ranked 73th.

Trade > Exports $137.50 million
Ranked 145th.
$50.72 billion
Ranked 52nd. 369 times more than French Guiana

Debt > External > Per $ GDP $515.99 per $1,000 of GDP
Ranked 55th. 12% more than Philippines
$462.32 per $1,000 of GDP
Ranked 52nd.

Budget > Expenditures > Capital $105.00 million
Ranked 3rd. 44 times more than Philippines
$2.40 million
Ranked 67th.

Trade balance with US $51.70 million
Ranked 21st.
$-524,600,000.00
Ranked 194th.
Tourism receipts > International > Per $ GDP $19.91 per $1,000 of GDP
Ranked 120th.
$26.64 per $1,000 of GDP
Ranked 90th. 34% more than French Guiana

Trade > Exports > Per $ GDP $0.09 per $1 of GDP
Ranked 137th.
$0.40 per $1 of GDP
Ranked 54th. 4 times more than French Guiana

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