The Philippines: Regional Economic Power ?

[Lorenzo]

A nation's economic strength is correlated to its gross national product (gnp) as well as its gross domestic product per capita (gdp per cap). This in mind, let us analyze the economies of ASEAN--and find out that indeed, the Philippines IS an economic giant in the region--one that is experiencing a phenomenal growth rate.

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ASEAN-REGIONAL ECONOMIC COMPARATIVE

Cambodia:

GDP (purchasing power parity):   
$37.73 billion (2006 est.) 
GDP (official exchange rate):   
$6.6 billion (2006 est.) 
GDP - real growth rate:   
7.2% (2006 est.) 
GDP - per capita (PPP):   
$2,700 (2006 est.) 
GDP - composition by sector:   
agriculture: 35%
industry: 30%
services: 35% (2004) 
Labor force:   
7 million (2003 est.) 

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Vietnam

GDP (purchasing power parity):   
$262.8 billion (2006 est.) 
GDP (official exchange rate):   
$48.43 billion (2006 est.) 
GDP - real growth rate:   
8.2% (2006 est.) 
GDP - per capita (PPP):   
$3,100 (2006 est.) 
GDP - composition by sector:   
agriculture: 20.1%
industry: 41.8%
services: 38.1% (2006 est.) 
Labor force:   
44.58 million (2006 est.) 


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Laos

GDP (purchasing power parity):   
$13.63 billion (2006 est.) 
GDP (official exchange rate):   
$2.773 billion (2006 est.) 
GDP - real growth rate:   
7.4% (2006 est.) 
GDP - per capita (PPP):   
$2,100 (2006 est.) 
GDP - composition by sector:   
agriculture: 43.4%
industry: 30.6%
services: 26% (2006 est.) 
Labor force:   
2.1 million (2006 est.) 

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Myanmar

GDP (purchasing power parity):   
$85.2 billion (2006 est.) 
GDP (official exchange rate):   
$9.6 billion (2006 est.) 
GDP - real growth rate:   
3% (2006 est.) 
GDP - per capita (PPP):   
$1,800 (2006 est.) 
GDP - composition by sector:   
agriculture: 50%
industry: 15%
services: 35% (2006 est.) 
Labor force:   
28.49 million (2006 est.) 

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Thailand

GDP (purchasing power parity):   
$596.5 billion (2006 est.) 
GDP (official exchange rate):   
$197.7 billion (2006 est.) 
GDP - real growth rate:   
4.8% (2006 est.) 
GDP - per capita (PPP):   
$9,200 (2006 est.) 
GDP - composition by sector:   
agriculture: 10%
industry: 44.9%
services: 45.2% (2006 est.) 
Labor force:   
36.41 million (2006 est.) 


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Malaysia

GDP (purchasing power parity):   
$313.8 billion (2006 est.) 
GDP (official exchange rate):   
$132.3 billion (2006 est.) 
GDP - real growth rate:   
5.9% (2006 est.) 
GDP - per capita (PPP):   
$12,900 (2006 est.) 
GDP - composition by sector:   
agriculture: 8.3%
industry: 48.1%
services: 43.6% (2006 est.) 
Labor force:   
10.73 million (2006 est.) 


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Indonesia

GDP (purchasing power parity):   
$948.3 billion (2006 est.) 
GDP (official exchange rate):   
$264.7 billion (2006 est.) 
GDP - real growth rate:   
5.5% (2006 est.) 
GDP - per capita (PPP):   
$3,900 (2006 est.) 
GDP - composition by sector:   
agriculture: 13.1%
industry: 46%
services: 41% (2006 est.) 
Labor force:   
108.2 million (2006 est.) 


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Singapura (Singapore)

GDP (purchasing power parity):   
$141.2 billion (2006 est.) 
GDP (official exchange rate):   
$122.1 billion (2006 est.) 
GDP - real growth rate:   
7.9% (2006 est.) 
GDP - per capita (PPP):   
$31,400 (2006 est.) 
GDP - composition by sector:   
agriculture: 0%
industry: 33.8%
services: 66.2% (2006 est.) 
Labor force:   
2.4 million (2006 est.) 


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The Philippines

GDP (purchasing power parity):   
$508 billion (2007 est.) 
GDP (official exchange rate):   
$116.9 billion (2006 est.) 
GDP - real growth rate:   
7.5 (2007 est.)   
GDP - per capita (PPP):   
$5,000 (2006 est.) 
GDP - composition by sector:   
agriculture: 14.2%
industry: 32.1%
services: 53.7% (2006 est.) 
Labor force:   
35.79 million (2006 est.)   

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Philippines is actually the 3rd LARGEST economy of ASEAN

The largest economy is: Indonesia
Second Largest economy is Thailand
Third Largest Economy is Philippines (and booming and will probably take lead of Thailand in 4-6 years at current growth levels)

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SOURCE: United States Department of Foreign Affairs; CIA WORLD FACT BOOK