Overview:
Domestic output in this primarily agricultural economy remained the same in
1992 as in 1991. Drought and power supply problems hampered production,
while inadequate revenues prevented government pump priming. Despite a flat
GDP performance, GNP mustered a small 0.6% expansion, attributable to
inflows of workers' remittances combined with smaller foreign interest
payments. A marked increase in capital goods imports, particularly power
generations equipment, telecommunications equipment, and electronic data
processors, contributed to a 20.5% import growth in 1992. Exports rose 11%,
led by earnings from the Philippines' two leading manufactures - electronics
and garments.
National product:
GDP - exchange rate conversion - $54.1 billion (1992 est.)
National product real growth rate:
0.6% (1992 est.)
National product per capita:
$860 (1992 est.)
Inflation rate (consumer prices):
8.9% (1992 est.)
Unemployment rate:
9.8% (1992 est.)
Budget:
$11.0 billion; expenditures $12.0 billion, including capital expenditures of
$NA (1992 est.)
Exports:
$9.8 billion (f.o.b., 1992)
commodities:
electronics, textiles, coconut oil, copper
partners:
US 39%, EC, Japan, ASEAN
Imports:
$14.5 billion (f.o.b., 1992)
commodities:
raw materials 45%, capital goods 26%, petroleum products 18%
partners:
US, Japan, Taiwan, Saudi Arabia
External debt:
$29.8 billion (1992)
Industrial production:
growth rate -1% (1992 est.); accounts for 34% of GDP
Electricity:
7,850,000 kW capacity; 28,000 million kWh produced, 420 kWh per capita
(1992)
Industries:
textiles, pharmaceuticals, chemicals, wood products, food processing,
electronics assembly, petroleum refining, fishing
Agriculture:
accounts for about one-third of GNP and about 45% of labor force; major
crops - rice, coconuts, corn, sugarcane, bananas, pineapples, mangos; animal
products - pork, eggs, beef; net exporter of farm products; fish catch of 2
million metric tons annually
Illicit drugs:
illicit producer of cannabis for the international drug trade; growers are
producing more and better quality cannabis despite government eradication
efforts
*Philippines, Economy
Economic aid:
US commitments, including Ex-Im (FY70-89), $3.6 billion; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-88), $7.9 billion; OPEC
bilateral aid (1979-89), $5 million; Communist countries (1975-89), $123
million
Currency:
1 Philippine peso (P) = 100 centavos
Exchange rates:
Philippine pesos (P) per US$1 - 25.817 (April 1993), 25.512 (1992), 27.479
(1991), 24.311 (1990), 21.737 (1989), 21.095 (1988)
Fiscal year:
calendar year
*Philippines, Communications
Railroads:
378 km operable on Luzon, 34% government owned (1982)
Highways:
157,450 km total (1988); 22,400 km paved; 85,050 km gravel, crushed-stone,
or stabilized-soil surface; 50,000 km unimproved earth
Inland waterways:
3,219 km; limited to shallow-draft (less than 1.5 m) vessels
Pipelines:
petroleum products 357 km
Ports:
Cagayan de Oro, Cebu, Davao, Guimaras, Iloilo, Legaspi, Manila, Subic Bay
Merchant marine:
562 ships (1,000 GRT or over) totaling 8,282,936 GRT/13,772,023 DWT;
includes 1 passenger, 11 short-sea passenger, 13 passenger-cargo, 155 cargo,
27 refrigerated cargo, 25 vehicle carrier, 9 livestock carrier, 13
roll-on/roll-off cargo, 8 container, 38 oil tanker, 1 chemical tanker, 3
liquefied gas, 1 combination ore/oil, 249 bulk, 8 combination bulk; note -
many Philippine flag ships are foreign owned and are on the register for the
purpose of long-term bare-boat charter back to their original owners who are
principally in Japan and Germany
Airports:
total:
270
usable:
238
with permanent-surface runways:
73
with runways over 3,659 m:
0
with runways 2,440-3,659 m:
9
with runways 1,220-2,439 m:
57
Telecommunications:
good international radio and submarine cable services; domestic and
interisland service adequate; 872,900 telephones; broadcast stations - 267
AM (including 6 US), 55 FM, 33 TV (including 4 US); submarine cables
extended to Hong Kong, Guam, Singapore, Taiwan, and Japan; satellite earth
stations - 1 Indian Ocean INTELSAT, 2 Pacific Ocean INTELSAT, and 11
domestic
*Philippines, Defense Forces
Branches:
Army, Navy (including Coast Guard and Marine Corps), Air Force
Manpower availability:
males age 15-49 17,188,695; fit for military service 12,144,278; reach
military age (20) annually 716,881 (1993 est.)
Defense expenditures:
exchange rate conversion - $915 million, 1.9% of GNP (1991)
*Pitcairn Islands, Header
Affiliation: (dependent territory of the UK)
*Pitcairn Islands, Geography