consulate(s): San Diego
Diplomatic representation from the US: chief of mission: Ambassador (vacant); Charge d'Affairs Michael E. MALINOWSKI
embassy: 1201 Roxas Boulevard, Ermita 1000 Manila
mailing address: FPO 96515
telephone: [63] (2) 523-1001
FAX: [63] (2) 522-4361
Flag description: two equal horizontal bands of blue (top) and red with a white equilateral triangle based on the hoist side; in the center of the triangle is a yellow sun with eight primary rays (each containing three individual rays) and in each corner of the triangle is a small yellow five-pointed star
Philippines Economy
Economy - overview: In 1998 the Philippine economy - a mixture of agriculture, light industry, and supporting services - deteriorated as a result of spillover from the Asian financial crisis and poor weather conditions. Growth fell to about -0.5% in 1998 from 5% in 1997, but recovered to about 3% in 1999 and 3.6% in 2000. The government has promised to continue its economic reforms to help the Philippines match the pace of development in the newly industrialized countries of East Asia. The strategy includes improving infrastructure, overhauling the tax system to bolster government revenues, moving toward further deregulation and privatization of the economy, and increasing trade integration with the region.
GDP: purchasing power parity - $310 billion (2000 est.)