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    Resilient Economy: Average Economic Decade Wise 2001 - 2010 4.81 %

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    Varshil Desai
    The Philippine economy has shown resilience over the past decade, growing at an average of 6.18% annually from 2011-2020 compared to 4.81% in the previous decade. Domestic consumption drives 70% of GDP, while key exports include electrical machinery, industrial machinery, and precision instruments sold mainly to China, Japan, and the United States. Inflation has remained under control and public debt is rated investment grade, but the national government ran a fiscal deficit equal to 3.4% of GDP in 2019.

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    Resilient Economy: Average Economic Decade Wise 2001 - 2010 4.81 %

    Uploaded by

    Varshil Desai
    22 views2 pages
    The Philippine economy has shown resilience over the past decade, growing at an average of 6.18% annually from 2011-2020 compared to 4.81% in the previous decade. Domestic consumption drives 70% of GDP, while key exports include electrical machinery, industrial machinery, and precision instruments sold mainly to China, Japan, and the United States. Inflation has remained under control and public debt is rated investment grade, but the national government ran a fiscal deficit equal to 3.4% of GDP in 2019.

    Original Description:

    This explains some economic terms

    Original Title

    Macro economic part 2

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    The Philippine economy has shown resilience over the past decade, growing at an average of 6.18% annually from 2011-2020 compared to 4.81% in the previous decade. Domestic consumption drives 70% of GDP, while key exports include electrical machinery, industrial machinery, and precision instruments sold mainly to China, Japan, and the United States. Inflation has remained under control and public debt is rated investment grade, but the national government ran a fiscal deficit equal to 3.4% of GDP in 2019.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    22 views2 pages

    Resilient Economy: Average Economic Decade Wise 2001 - 2010 4.81 %

    Uploaded by

    Varshil Desai
    The Philippine economy has shown resilience over the past decade, growing at an average of 6.18% annually from 2011-2020 compared to 4.81% in the previous decade. Domestic consumption drives 70% of GDP, while key exports include electrical machinery, industrial machinery, and precision instruments sold mainly to China, Japan, and the United States. Inflation has remained under control and public debt is rated investment grade, but the national government ran a fiscal deficit equal to 3.4% of GDP in 2019.

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    You are on page 1of 2

    Current Economical Aspect

    •Resilient economy –
    AVERAGE ECONOMIC DECADE
    reasons 1) Less troubled international securities. WISE
    2 ) Lower dependence on exports.
    3) Large remittances from about 10 million 2001 - 2010 4.81 %
    overseas Filipino workers and migrants. 2011- 2020 6.18 %
    4) Rapidly expanding services industry.
    5) Investment-grade credit ratings on its sovereign debt.

    • Domestic consumption is the main driver of the economy, accounting for 70% of GDP.

    TOP 3 EXPORT TOP 3 TRADE PATNERS


    1) China
    PRODUCTS 2) Japan
    1) Electrical Machinery, 3) United states

    2) Industrial Machinery,
    3) Precision Instruments
    GDP & FISCAL DEFFLICT

     The annual inflation rate in the Philippines Philippines's Consolidated Fiscal Balance


    unexpectedly was at 2.7 percent in July 2020, recorded a deficit equal to 3.4 % of its Nominal
    compared with market consensus and June's GDP in Dec 2019, compared with a deficit equal
    figure of 2.5 percent. This was the highest to 3.1 % in the 2018.
    inflation rate since January, as the economy
    emerged from COVID-19 restriction measures.

    Inflation,% last 5 year National gov deflict (%)


    6.00% 0.00%
    5.21% 2012 2013 2014 2015 2016 2017 2018 2019
    5.00% -0.50%
    -0.60%
    4.00% -1.00% -0.90%
    2.85% -1.50% -1.40%
    3.00% 2.48%
    -2.00%
    2.00%
    1.25% -2.50%
    -2.30% -2.20%
    -2.40%
    0.67%
    1.00%
    -3.00%
    0.00% -3.10%
    2015 2016 2017 2018 2019 -3.50% -3.40%
    -4.00%

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