philippines

A detailed Summary of philippines


Per Capita Income: The per capita income of a certain country is the GDP of that country divided by the total population. In the Philippines the per capita income is approximately $700. When compared to the per capita income of the United States, which is about $22,000, it is easy to tell that the economy of the Philippines is very, very poor.

% FROM AGRICULTURE: 17.1 (important because you would think that since they mainly produce agricultural products that its percentage would be the highest)

% FROM SERVICES: 39.2 (also important because you wouldn't think that this one would be the highest)


Major Economic Activities: The Philippines has embarked on economic reforms and market liberalization measures in the past two years. As a result of this the Philippines has started to show signs of recovery since the era of Ferdinand Marcos. Even though the unemployment rate is very high, it has dropped from 10.5% to 9.8%, a considerable move for a two-year period. In the Philippines, the minimum age for employment is 15. Their constitution prohibits forced labor. All workers have the right to join unions. The prices are generally determined by free market forces, with only a few exceptions.

Imports: The Philippines mostly imports manufactured goods. Certain items remain subject to import regulations such as narcotic drugs, firearms, ammunition, et

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Approximate Word count = 512
Approximate Pages = 2 (250 words per page double spaced)

Category: Politics

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