Philippines Country Profile
PHILIPPINES
Country Profile
Politics
Economy
Trade & Industries
General Profile
Total area
Population
Population World (in Billion)
Growth World Population
Government type
Chief of state
Head of government
Capital
Climate
Language
Major City
300,000 Km²
103,775,002
2008
2009
2010
6.7
6.8
6.9
1.873%
Republic
President Benigno AQUINO
President Benigno AQUINO
Manila
Tropical marine; northeast monsoon (November to April);
southwest monsoon (May to October)
Filipino (official; based on Tagalog) and English (official);
eight major dialects - Tagalog, Cebuano, Ilocano, Hiligaynon
or Ilonggo, Bicol, Waray, Pampango, and Pangasinan
Manila, Davao, Cebu City, Zamboanga
Economy Profile
GDP – Composition by sector
Inflation
Exchanges Rates
2011
3.7%
Chapter: General Profile
World GDP Growth
World GDP (in Trillions)
PhilippinesGDP Growth
GDP
GDP – Per capita
2009
2010
-5%
9%
58.1
63.3
1.1%
7.6%
$216.1 billion
$4,100
agriculture: 12.3%
industry: 33.3%
services: 54.4%
5.3% (2011)
1 USD = 43.44 Philippine pesos (PHP) (2011)
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industry, service, and agriculture
17.4%
Chapter: Economy Profile
Primary Economy Sector
Unemployment Rate
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International Airports
Election results
Ministry Name
Chapter: Ports and Terminals
Ports and Terminals
Batangas, Cagayan de Oro, Cebu, Davao, Guimaras Island, Iligan,
Iloilo, Jolo, Legazpi, Manila, Masao, Puerto Princesa, San Fernando,
Subic Bay, Zamboanga
 Bacolod-Silay International Airport
 Diosdado Macapagal International Airport
 Francisco Bangoy (Davao) International Airport
 General Santos International (Tambler) Airport
 Iloilo International Airport
 Kalibo International Airport
 Laoag International Airport
 Mactan-Cebu International Airport
 Ninoy Aquino (Manila) International Airport
 Puerto Princesa International Airport
 Subic Bay International Airport
 Zamboanga International Airport
Senate - percent of vote by party - NA; seats by party - Lakas-Kampi
CMD 4, LP 4, NP 4, NPC 2, PMP 2, LDP 1, PRP 1, independents 5;
note - there are 23 rather than 24 sitting senators because one
senator was elected mayor of Manila; House of Representatives percent of vote by party - NA; seats by party - LP 119, Lakas-Kampi
CMD 46, NPC 30, NP 22, others 10, independents 1, party-list 55;
vacant seats - 1 district and 2 party-list
 Department of Agrarian Reform : Virgilio De Los Reyes
 Department of Agriculture : Proceso Alcala
 Department of Budget and Management : Florencio Abad
 Department of Education : Br. Armin Luistro FSC
 Department of Energy : Jose Rene Almendras
 Department of Environment and Natural Resources : Ramon
Paje
 Department of Finance : Cesar Purisima
 Department of Foreign Affairs : Albert Del Rosario
 Department of Health : Dr. Enrique Ona
 Department of the Interior and Local Government : Jesse
Robredo
 Department of Justice : Leila De Lima
 Department of Labor and Employment : Rosalinda Baldoz
 Department of National Defense : Voltaire Gazmin
 Department of Public Works and Highways : Rogelio Singson
 Department of Science and Technology : Engr. Mario Montejo
 Department of Social Welfare and Development : Corazon
Soliman
 Department of Tourism : Ramon Jimenez
 Department of Trade and Industry : Gregory Domingo
 Department of Transportation and Communications : Manuel
Roxas II
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Political parties and
leaders
Laban ng Demokratikong Pilipino (Struggle of Filipino Democrats)
or LDP [Edgardo ANGARA]; Lakas ng EDSA-Christian Muslim
Democrats or Lakas-CMD [Gloria MACAPAGAL-ARROYO]; Liberal
Party or LP [Manuel ROXAS]; Nacionalista Party or NP [Manuel
VILLAR]; Nationalist People's Coalition or NPC [Frisco SAN JUAN];
PDP-Laban [Aquilino PIMENTEL]; People's Reform Party [Miriam
Defensor SANTIAGO]; Puwersa ng Masang Pilipino (Force of the
Philippine Masses) or PMP [Joseph ESTRADA]
The Philippine economy grew a decent 3.7% in 2011 after roaring
back in 2010 with 7.3% growth. Growth was supported by services
growth at 5% and 3% agricultural growth while industries grew 2%.
The Philippines has recently become a favourite destination of
portfolio investments on account of greater confidence in the new
government and sound macroeconomic fundamentals.
Remittances will continue to support growth. Almost a quarter of
the country’s labour force works abroad and remittances (about
11% of GDP) prop up the balance of payments and support
consumption and investment growth, particularly in the booming
real estate sector. In 2011, remittances grew by 7% to $20 billion.
International
organization
participation
Philippines Potential
Looking ahead, the challenge for the government is to encourage
foreign and domestic investment, which have remained stubbornly
low, and translate growth into poverty reduction. Inclusive growth
will be the main theme of the next 6-year development plan –
underpinned by increased spend for education and health and
infrastructure investment through Public-Private Partnerships. The
transparency initiatives in the budget and the government’s fight
to rid itself of corrupt public officials are already increasing
business confidence domestically and abroad – the stock market
has doubled and gaining momentum, FDI applications have also
increased.
ADB, APEC, APT, ARF, ASEAN, BIS, CD, CICA (observer), CP, EAS,
FAO, G-24, G-77, IAEA, IBRD, ICAO, ICC, ICRM, IDA, IFAD, IFC,
IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO,
ITSO, ITU, ITUC, MIGA, MINUSTAH, NAM, OAS (observer), OPCW,
PCA, PIF (partner), UN, UNCTAD, UNDOF, UNESCO, UNHCR,
UNIDO, Union Latina, UNMIL, UNMISS, UNMIT, UNMOGIP, UNOCI,
UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO
Promotion of public-private partnerships, Thrust towards
infrastructure development, Power sector privatisation, Availability
of natural and mineral resources, Booming sectors e.g. BPO/IT
Chapter: Political parties and leaders
Philippines Economy
Characteristics
In 2010, then recently elected President Aquino has pledged to cut
the deficit, though he hopes that better enforcement of tax
collection will account for most of the decline. He held off
increasing tax rates until the effects of administrative efficiency
initiatives are seen. With good results from its tax administration
efforts, the government now targets to index alcohol and tobacco
taxes to inflation (partly due to losing its appeal at the WTO),
increase mining taxes, and rationalise fiscal incentives.
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Main Industry
Electronics assembly, garments, footwear, pharmaceuticals,
chemicals, wood products, food processing, petroleum refining,
fishing
Biggest Company
San Miguel, PLDT, Aboitiz Equity Ventures, Manila Electric
Chapter: Main Industry
outsourcing, education, energy, tourism
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