$54.1 billion (1992 est.)
National product real growth rate:
0.6% (1992 est.)
National product per capita:
$860 (1992 est.)
Inflation rate (consumer prices):
8.9% (1992 est.)
Unemployment rate:
9.8% (1992 est.)
Budget:
$11.0 billion; expenditures $12.0 billion, including capital expenditures of
$NA (1992 est.)
Exports:
$9.8 billion (f.o.b., 1992)
commodities:
electronics, textiles, coconut oil, copper
partners:
US 39%, EC, Japan, ASEAN
Imports:
$14.5 billion (f.o.b., 1992)
commodities:
raw materials 45%, capital goods 26%, petroleum products 18%
partners:
US, Japan, Taiwan, Saudi Arabia
External debt:
$29.8 billion (1992)
Industrial production:
growth rate -1% (1992 est.); accounts for 34% of GDP
Electricity:
7,850,000 kW capacity; 28,000 million kWh produced, 420 kWh per capita
(1992)
Industries:
textiles, pharmaceuticals, chemicals, wood products, food processing,
electronics assembly, petroleum refining, fishing
Agriculture:
accounts for about one-third of GNP and about 45% of labor force; major
crops - rice, coconuts, corn, sugarcane, bananas, pineapples, mangos; animal
products - pork, eggs, beef; net exporter of farm products; fish catch of 2
million metric tons annually
Illicit drugs:
illicit producer of cannabis for the international drug trade; growers are
producing more and better quality cannabis despite government eradication
efforts

*Philippines, Economy

Economic aid:
US commitments, including Ex-Im (FY70-89), $3.6 billion; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-88), $7.9 billion; OPEC
bilateral aid (1979-89), $5 million; Communist countries (1975-89), $123
million
Currency:
1 Philippine peso (P) = 100 centavos
Exchange rates:
Philippine pesos (P) per US$1 - 25.817 (April 1993), 25.512 (1992), 27.479
(1991), 24.311 (1990), 21.737 (1989), 21.095 (1988)
Fiscal year:
calendar year

*Philippines, Communications

Railroads:
378 km operable on Luzon, 34% government owned (1982)
Highways:
157,450 km total (1988); 22,400 km paved; 85,050 km gravel, crushed-stone,
or stabilized-soil surface; 50,000 km unimproved earth
Inland waterways:
3,219 km; limited to shallow-draft (less than 1.5 m) vessels
Pipelines:
petroleum products 357 km
Ports:
Cagayan de Oro, Cebu, Davao, Guimaras, Iloilo, Legaspi, Manila, Subic Bay
Merchant marine:
562 ships (1,000 GRT or over) totaling 8