the Philippines

 

Manila, Luzon

 

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The well-being of the country and its people

 

The level of economic development

 

All economic activities in a country give yearly a final output of goods and services.

The value in dollars of this 'Gross National Product' (GNP), divided by its population, 

shows the average production per inhabitant of a country. This 'GNP per capita' 

shows the general economic achievement of a country. The higher the  general economic achievement of a country, the higher the purchasing power of the people will be.

 

The GNP per capita is often used to make a comparison of the 'level of development' or the economic strength of several countries. The figure of the GNP for the Philippines shows that the country is ranking somewhere in the middle position of all countries in Pacific Asia.

 

 

GNP and purchasing power for countries in Pacific Asia and some other countries, 1998

 

Countries

GNP per capita in US $, 1998

Purchasing power* in US $, 1998

*

The Philippines    1050  3725
Indonesia     640  2407
Malaysia   3670  7699
Thailand   2160  5524
Singapore 30170 25295
China     750   3051
Vietnam     350  1689
Japan 32350 23592
India     440  2060
France 24210 21214
Germany 26570 22026
Canada 19170 22814
The USA 29240 29240
The Netherlands 24780 22325

* Purchasing Power:  The goods and services may cost more in one country than in another. It means that for one dollar you can buy more in one country than in another; The purchasing power of one dollar differs (more  or less purchasing power) per country!

Source: Worldbank

 

 

The economic growth

 

Economic growth in the Philippines, per year  in %

1994 - 1997

1998 - 2001

+ 5 % 

+ 2,5 %

 

Gross National Income (GNP) per capita, in US $

1998

1050

Source: Worldbank

 

Unemployment rate and human development

 

Employment or unemployment is for families of great influence on the possibilities for parents to let their children go to school, especially to a high school.  The adult literacy and the purchasing power of families (part of the human development!) is related to the possibility of reaching a acceptable income. 

 

underemployment in the transport-service

underemployment on Leyte

Picture Dorothy 

de Schoolmeester

 

Unemployment and underemployment, in  %, April 2002

 

April 2002 

Oct 2000

Oct 1999

Unemployment 13,9 10 ,1  9,6
Underemployment 19,6 19,9 21,9
Employment 86,1 -

Total labor force 

(in millions)

35,1 -

Source: N.S.O. of the Philippines, Quick Stat

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