The Philippines Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in The Philippines; country and population overview  DATA ON GDP AND ECONOMIC INFORMATION DATA ON TRADE AND COMPETITIVENESS | Current account balance |  | US$ 5.9 billion (2010 estimate)(After 2008) | | Current account balance by percentage of GDP | | 2.9% of GDP (2010 estimate)(2009) | | Exports as percent of GDP (Exports of goods and services) | | 31.7% (2009) (Data released on December 2010) | | Shares in world total merchandising export | | 0.34%(2007) (Data were released in Nov 2011 and refer to 2010) | | Shares in world total commercial services export | | 0.36%(2007) (Data were released in Nov 2011 and refer to 2010) | | Total exports | | US$50.72 billion f.o.b. (2010 estimate) | | Export commodities | | semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, fruits | | Total imports | | US$58 billion f.o.b. (2008 estimate) | | Import commodities | | electronic products, mineral fuels, machinery and transport equipment, iron and steel, textile fabrics, grains, chemicals, plastic | | Exports - major partners | | US 17%, Japan 14.5%, Hong Kong 11.5%, China 11.4%, Netherlands 8.2%, Singapore 6.2%, Malaysia 5%, Germany 4.3% (2007) | | Imports - major partners | | US 14.1%, Japan 12.3%, Singapore 11.2%, Taiwan 7.3%, China 7.2%, Saudi Arabia 6.4%, South Korea 5.9%, Malaysia 4.1%, Thailand 4.1% (2007) | | FDI inflows | | | 2008 | 2009 | 2010 | | | US$1,544 million | US$1,963 million(2009) | US$1,713 million(2009) | |
| | FDI outflows | | | 2008 | 2009 | 2010 | | | US$259 million | US$359 million | US$487 million | |
| | Value of cross-border M&A, by country of purchaser | | | 2008 | 2009 | 2010 | 2011 | | US$-174 million | US$-7 million(2009) | US$25 million(2009) | US$30 million |
| | Cross-border M&A deals worth over $3 billion completed in 2008 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal) | | N/A (for a monthly update on M&A click here ) | | Cross-border M&A deals worth over $3 billion completed in 2010 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal) | | N/A(2008 estimate) (for a monthly update on M&A click here ) | Best countries for doing business World Bank/IFC Doing Business Project (Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.) | | Overall ranking: 148 out of 183 countries(2009) (2010) Subcategories: Starting a business: 156 out of 183 countries(2009) Registering property: 102 out of 183 countries Paying Taxes: 124 out of 183 countries Getting credit: 128 out of 183 countries Protecting investors: 132 out of 183 countries Trading across border: 61 out of 183 countries Enforcing Contracts: 118 out of 183 countries (2010) | Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best) | | 75 (2011/2012) | Index of Economic Freedom WSJ and Heritage Foundation | | Ranking: 115 Score: 56.2 (Mostly Unfree) (2009) (100=totally free 0=totally repressed ) |
COUNTRY AND POPULATION OVERVIEW | Time zone | | UTC+8 | | Total area | | 300,000 km2 (2006) | | Capital | | Manila (2009) | | Currency | | Philippine pesos (PHP) (2009) | | Government type | | republic (2009) | | Languages | | Filipino (official; based on Tagalog) and English (official); eight major dialects - Tagalog, Cebuano, Ilocano, Hiligaynon or Ilonggo, Bicol, Waray, Pampango, and Pangasinan | | Religions | | Roman Catholic 80.9%, Muslim 5%, Evangelical 2.8%, Iglesia ni Kristo 2.3%, Aglipayan 2%, other Christian 4.5%, other 1.8%, unspecified 0.6%, none 0.1% (2000 census) | | Total population | | | 1980 | 1990 | 2000 | 2010* | 2015** | | 48.32 million | 61.5 million | 76.95 million | 94.01 million | 103.73 million |
*Estimate **Forecast | | Urban population as % of total population | | | 1960 | 1980 | 2000 | 2009 | | 30.3% | 37.5% | 58.5% | 65.7% |
| | Population median age | | 22.0 years (2006) | | Population growth rate | | 1.8% (2009) | | Life expectancy | | 72 years (2007) | | Adult literacy | | 93% (2000/2007) | | % of population living on less than $2 a day | | 45.04% (2011) | | Inequality of wealth distribution (Gini index) | | 44 (2006) (0=perfect equality, 100=absolute inequality) | | Freedom House rating | | Political Rights:3
Civil Liberties:3 (2010) (1 represents the most free, 7 the least free) | | Total telephone subscribers as % of population | | 92.94% (2010) (sum of fixed telephone lines and mobile cellular subscribers) | | Internet users as % of total population | | 25% (Data were released in 2011 and refer to 2010) | | Cost of living index (ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive) | | Manila: 134th (2011) | CO2 emissions
(Metric tons of CO2 per capita) | | 0.9204 (2008) |
 GLOBAL FINANCE RANKINGS AND AWARDS WORLD'S BEST FOREIGN EXCHANGE BANKS2010:- COUNTRY WINNERS Bank of the Philippine Islands (BPI) (National, 2010)
WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS2011:- COUNTRY WINNERS Banco de Oro Unibank (BDO) (National, 2011)
2010:- COUNTRY WINNERS Bank of the Philippine Islands (BPI) (National, 2010)
2009:- COUNTRY WINNERS Bank of the Philippine Islands (National, 2009)
WORLD'S BEST INTERNET BANKS2011:- COUNTRY WINNERS / Best Consumer Internet Banks BPI (National, 2011)
- COUNTRY WINNERS /Best Corporate / Institutional Internet Banks Citi (National, 2011)
2010:- COUNTRY WINNERS / Best Consumer Internet Banks Citi (National, 2010)
- COUNTRY WINNERS / Best Corporate/Institutional Internet Banks Citi (National, 2010)
2009:- COUNTRY WINNERS / Best Consumer Internet Banks Citi (2009)
- COUNTRY WINNERS / Best Corporate/Institutional Internet Banks Citi (2009)
WORLD'S BEST EMERGING MARKET BANKS2011:- COUNTRY WINNERS Bank of the Philippine Islands (National, 2011)
2010:- COUNTRY WINNERS Banco de Oro (National, 2010)
2009:- COUNTRY WINNERS Bank of the Philippine Islands (National, 2009)
WORLD'S BEST SUB CUSTODIANS2011:- COUNTRY WINNERS HSBC (National, 2011)
2010:- COUNTRY WINNERS HSBC (National, 2010)
2009:- COUNTRY WINNERS HSBC (2009)
CENTRAL BANKER REPORT CARD2011:2010:2009:TOP 200 EMERGING MARKETS BANKS2010:- OVERALL BIGGEST Banco de Oro Unibank (Global, 2010)
- OVERALL BIGGEST Metropolitan Bank & Trust (Global, 2010)
WORLD'S BEST FOREIGN EXCHANGE PROVIDERS2011:- COUNTRY WINNERS Banco de Oro (National, 2011)
- COUNTRY WINNERS ING (National, 2011)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE |
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