Austrade The Philippines Fact Sheet 2009
2nd November 2009
 |
THE PHILIPPINES |
Fact Sheet |
General information:
Fact sheets are updated biannually; June and December
| Capital: | Manila | Head of State and Head of Government: |
| Surface area: | 300 thousand sq km | President HE Gloria Macapagal-Arroyo |
| Official languages: | Filipino (Tagalog), English | |
| Population: | 92.2 million (2009) | |
| Exchange rate: | A$1 = 40.1730 Pesos (Aug 2009) |
Recent economic indicators:
|
2004
|
2005
|
2006
|
2007
|
2008(a)
|
2009(b)
|
|
| GDP (US$bn) (current prices): |
86.9
|
98.8
|
117.5
|
144.0
|
166.9
|
158.7
|
| GDP PPP (US$bn) (c): |
230.9
|
250.2
|
272.2
|
299.8
|
318.0
|
326.1
|
| GDP per capita (US$): |
1,040
|
1,159
|
1,351
|
1,624
|
1,845
|
1,721
|
| GDP per capita PPP (US$) (c): |
2,764
|
2,935
|
3,130
|
3,380
|
3,515
|
3,536
|
| Real GDP growth (% change yoy): |
6.4
|
5.0
|
5.3
|
7.1
|
3.8
|
1.0
|
| Current account balance (US$m): |
1,628
|
1,984
|
5,347
|
7,119
|
4,227
|
5,070
|
| Current account balance (% GDP): |
1.9
|
2.0
|
4.5
|
4.9
|
2.5
|
3.2
|
| Goods & services exports (% GDP): |
49.3
|
45.3
|
45.1
|
41.2
|
35.0
|
32.1
|
| Inflation (% change yoy): |
6.0
|
7.7
|
6.2
|
2.8
|
9.3
|
2.8
|
|
Australia's merchandise trade with the Philippines
|
Real GDP growth
|
Australia's merchandise exports to the Philippines
|
 |
 |
 |
Australia's trade and investment relationship with the Philippines (d):
| Australian merchandise trade with the Philippines, 2008-09: |
Total share:
|
Rank:
|
Growth (yoy):
|
||
| Exports to the Philippines (A$m): |
1,409
|
0.6%
|
24th
|
10.1%
|
|
| Imports from the Philippines (A$m): |
605
|
0.3%
|
36th
|
-20.7%
|
|
| Total trade (exports + imports) (A$m): |
2,014
|
0.4%
|
31st
|
-1.4%
|
|
| Major Australian exports, 2008-09 (A$m): | Major Australian imports, 2008-09 (A$m): | |||
| Copper ores & concentrates | 161 | Crude petroleum |
97
|
|
| Milk & cream | 136 | Batteries & electric accumulators |
31
|
|
| Crude petroleum | 127 | Copper |
31
|
|
| Refined petroleum | 122 | Telecom equipment & parts |
28
|
|
| Australia's trade in services with the Philippines, 2008: |
Total share:
|
|
| Exports of services to the Philippines (A$m): | 345 |
0.6%
|
| Imports of services from the Philippines (A$m): | 369 |
0.7%
|
| Major Australian service exports, 2008 (A$m): | Major Australian service imports, 2008 (A$m): | |||
| Education-related travel |
101
|
Personal travel excl education | 225 | |
| Personal travel excl education |
77
|
Business-related travel | 47 | |
| Australia's investment relationship with the Philippines, 2008 (e): |
Total:
|
FDI:
|
| Australia's investment in the Philippines (A$m): |
1,825
|
616
|
| The Philippines' investment in Australia (A$m): |
269
|
np
|
The Philippines' global merchandise trade relationships:
| The Philippines' principal export destinations, 2008: | The Philippines' principal import sources, 2008: | |||||
| 1 | United States |
16.6%
|
1 | United States |
12.7%
|
|
| 2 | Japan |
15.7%
|
2 | Japan |
11.6%
|
|
| 3 | China |
11.2%
|
3 | Singapore |
10.5%
|
|
| 14 | Australia |
1.0%
|
15 | Australia |
1.6%
|
|
Compiled by the Market Information and Research Section, DFAT, using the latest data from the ABS, the IMF and various international sources.
(a) All recent data subject to revision; (b) IMF/EIU forecast; (c) PPP is purchasing power parity; (d) Total may not add due to rounding; (e) Stock, as at 31 December. Released annually
by the ABS. np Data not published.
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