Economic Indicators

Total GDP: US$75bn (2000)

GDP Per Capita: US$960 (2000)

GDP Growth Rate: 4.0% (2000)

Inflation: 4.3% (2000)

Unemployment: 11.1% (2000)

Current account surplus: US$9,324 million (2000)

Exports: US$38bn (f.o.b., 2000 est.)

Major Exports: electronic equipment, machinery and transport equipment, garments, coconut products

Major Exporting Partners:
United States 29.3%
Japan 14.6%
Taiwan 8.4%
Netherlands 7%
Singapore 7%
Australia 0.7% (15th) (2000)

Imports: US$35bn (f.o.b., 2000 est)

Major Imports: raw materials and intermediate goods, capital goods, consumer goods, fuels

Major Importing Partners:
Japan 22.3%
USA 20.6%
South Korea 7.8%
Singapore 7.3%
Taiwan 7.1%
Australia 2.2% (12th) (2000)

Currency: A$1 = 25.00 Estimated Philippine Pesos (May 2002)

Source: Austrade