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.
News and Events
-
An Invitation to the 2nd CCIAP Philippine Trade Mission
The Chamber of Commerce and Industry Australia Philippines (CCIAP)Incorporated invites interested Australian businesses and individuals to its 2nd Philippines Trade Mission in February/March 2012.
-
1st Philippines Australia New Zealand Business Forum 2012
"Realize the Potantial" Date: 27-28 Februaryr 2012 Venue: The Makati Shangri-La, Manila
-
MABUHAY FESTIVAL 2011
The MABUHAY FESTIVAL 2011, entitled Celebration of Philippine Fiestas, will be held on 19 November 2011 at King George Square, Brisbane. Admission is free.
