TOLEDO, DENIKA ROSE C.

BSMA-IV | MGT220 - C
NOVEMBER 29, 2017
The Philippines is the 41st largest export economy in the world and the 28th most complex economy according to the
Economic Complexity Index (ECI). In 2016, the Philippines exported $54.3B and imported $80.5B, resulting in a
negative trade balance of $26.3B. In 2016 the GDP of the Philippines was $304B and its GDP per capita was $7.81k.

The top exports of the Philippines are: The top export destinations of the Philippines are:
1. Integrated Circuits ($13.6B), 1. Japan ($11.7B),
2. Computers($4.47B), 2. the United States ($8.67B),
3. Wood Carpentry ($2.78B), S 3. Hong Kong ($6.58B),
4. emiconductor Devices ($2.33B) and 4. China ($6.19B) and
5. Insulated Wire ($2.25B), using the 1992 revision of the 5. Singapore ($3.7B).
HS (Harmonized System) classification. The top import origins are:
Its top imports are: 1. China ($29.8B),
1. Integrated Circuits ($9.5B), 2. Japan ($10.3B),
2. Cars ($3.93B), 3. the United States ($8.2B),
3. Refined Petroleum ($3.56B), 4. South Korea ($7.28B) and
4. Office Machine Parts ($3.06B) and 5. Singapore($6.51B).
5. Crude Petroleum ($2.91B).
TOTAL EXTERNAL TRADE REACHES $141.514
BILLION IN 2016

The countrys total external trade in goods in 2016

was recorded at $141.514 billion, expanding by 8.9
percent from $129.894 billion in 2015. Total import
receipts went up by 8.9 percent to $84.108 billion in
2016 from $71.067 billion in 2015. However, total
export receipts decreased by 2.4 percent from
$58.827 billion in 2015 to $57.406 billion in
2016. This translate to countrys balance of trade in
goods (BoT-G) at negative $26.702 billion in 2016
higher than the $12.240 billion deficit in 2015 (Table 1).

PHILIPPINE POPULATION = 103.3 million (2016)

ANNUAL PER CAPITA POVERTY THRESHOLD = P 21, 753
RATES:
1. GROWTH = 6.9% (real) ; 8.7% (nominal)
2. EXCHANGE = 47.49 (local currency/US Dollars); 4.4% (growth rate)
3. INTEREST
Time Deposit = 1.5
Lending = 5.6
T-Bill = 1.5
4. INFLATION = 1.8
5. Preliminary Results of the 2016 Annual Estimates of Labor Force Survey (LFS)
Philippines 2016
Population 15 years and over (in 000) 68,125
Labor Force Participation Rate (%) 63.4
Employment Rate (%) 94.5
Unemployment Rate (%) 5.5
Underemployment Rate (%) 18.3

http://www.bsp.gov.ph/statistics/statistics_key.asp
https://psa.gov.ph/content/foreign-trade-statistics-philippines-2016
http://openstat.psa.gov.ph/dataset/poverty/resource