The tertiary industry accounts for a large proportion in the Philippines, accounting for about half of GDP, and the primary and secondary industries also occupy a very important position in the national economy. At the end of 1960s, we adopted the policy of economic opening and actively attracted foreign investment, and achieved certain results in economic development. 1982 is listed as a "middle-income country" by the World Bank. Since then, influenced by the western economic recession and its own political turmoil, the economy has shown a downward trend. After President Ramos came to power in the early 1990s, he took a series of positive measures to revitalize the economy, and the economy began to recover in an all-round way and maintained a high growth rate. 1997 during the Asian financial crisis, the Philippine economy was relatively unaffected. From 65438 to 0999, the Philippine economy gradually began to recover. In 2000, due to the political turmoil, the financial situation of the Philippines deteriorated, the exchange rate hit a record low, and the stock market fell to the lowest level in two years. After President Arroyo took office in 200 1, he promoted economic reform and made great efforts to improve agricultural productivity. Affected by the global economic slowdown and political turmoil, the Philippines only maintained slow growth and its economic trend was sluggish. Foreign trade has declined, foreign investment has decreased, government debt burden has increased, and poverty is still outstanding.
Gross domestic product (201): US$ 77.7 billion.
Per capita GDP (200 1): 94 1 USD.
GDP growth rate (200 1): 3.4%.
Gross national product (2001): 82.88 billion US dollars.
Per capita GNP (200 1): 1035 USD.
Gross national product growth rate (200 1 year): 3.7%.
Currency name: peso (peso)
Exchange rate (200 1 65438+February):1USD = 5 1 peso.
Inflation rate (200 1): 6%
Unemployment rate (200 1): 9.8%
money
The main sources are more than 20 kinds of copper, gold, silver, iron, chromium and nickel. Copper reserves are about 371600 million tons, gold1360 thousand tons and nickel1270 thousand tons. Geothermal resources are abundant, and the estimated standard energy is 2.09 billion barrels of crude oil. Oil was discovered in the northwest waters of palawan island from 1976, with a reserve of 350 million barrels. The forest area is 6.5438+0.25 million hectares, and the coverage rate is about 40%. ?
worker
The gross output value of industry and mining accounts for 3 1.9% of the gross national product. The employed population accounts for 15.6% of the total labor force. Manufacturing accounts for about 78.5% of the total industrial and mining output value, construction accounts for about 17.5%, and mining accounts for about 3%. In 20001year, the industrial and mining output value was 24.8 billion US dollars, an increase of 1.9% over 2000. The output of main mineral products is as follows:
1995
1996
1997
1998
1999
Copper (ten thousand metric tons)
26.6
3 1.7
19.5
19.8
18.6
Gold (ten thousand kilograms) 1.28
0.8 1
1. 12
0.87
0.67
Silver (ten thousand kilograms)
3. 1 1
2.5 1
1.96
1.88
1.88
Coal (ten thousand tons)
132.2
104.7
107.7
1 15.4
(Source: 200 1 Economic Quarterly)
The output value of agriculture, forestry, fishery and agriculture accounts for 18.9% of GDP. In 200 1 year, the agricultural output value146.6 billion US dollars, an increase of 3.9% over the previous year. The output of main crops is as follows (unit:? Million metric tons):
1996
1997
1998
1999
paddy field
1543.49
1560. 14
1237.8
1 178.7
corn
4 15. 13
433.24
382.32
458.5
manila hemp
1 128.36
1 126.90
855.48
banana
330.4 1
377.38
356.08
372.7
coconut
1 136.8 1
12 1 1.85
1090.53
1050
sucrose
23 14.22
2227.3 1
1734.79
19 1.3
(Source: 200 1 Economic Quarterly)
Rich in forest resources, there are precious wood such as mahogany and camphor wood. Due to long-term unplanned logging, the forest area is shrinking year by year. By the end of 1998, * * has forests158.55 million mu. 1998 produced 570,000 cubic meters of logs. 1999 produces 726,000 cubic meters of logs. ?
The developed seawater and freshwater fishing grounds cover an area of 2,080 square kilometers. Fishing technology is still relatively backward. The output of fish products in 1998 was 279 1 10000 metric tons, with an output value of 84,595.8 million pesos. 199 The output of aquatic products was 2,865,438+500,000 metric tons, with an output value of 8.5 billion pesos.
(Source: Bureau of Agricultural Statistics, Philippine Department of Agriculture)
The service industry occupies a major position in the national economy, and its output value accounts for about 52% of the gross national product. In recent years, the output value of service industry has increased year by year. 1995 was 345.3 billion pesos (calculated at the constant price of 1985), an increase of 4.92% over the previous year. 196, the output value of service industry was 366 billion pesos, an increase of 6% over195. 1997 The service industry output value was 4 1 1 100 million US dollars, an increase of 5.6% compared with 1996. 1999, 2000 and 200 1 year, the service industry output value was 31400 million USD, 32.2 billion USD and 33.5 billion USD respectively.
Tourism is one of the important sources of foreign exchange income in the Philippines. 1999 received 2170,000 tourists, with an income of 2.6 billion US dollars, accounting for 3.6% of GDP. The main tourist spots are Baishengtan, Blue Harbor, Baguio City, Mayon Volcano and primitive terraces in Ifugao Province.