Lewes, DE -- (SBWire) -- 01/09/2018 --As per International Monetary Fund (IMF) Philippines's nominal gross domestic product is expected to grow at a CAGR of 10.08% from it's 2015 level of PHP 13307.36 billion and reach PHP 26068.36 billion by 2022.
Philippines, which is officially known as the Republic of the Philippines, is a sovereign island country in Southeast Asia which is situated in the western Pacific Ocean. Its capital city is Manila while its most populous city is Quezon City; both are part of Metro Manila. To its north across the Luzon Strait lies Taiwan, west across the South China Sea sits Vietnam, southwest is the island of Borneo across the Sulu Sea, and to the south the Celebes Sea which separates it from other islands of Indonesia and in the east the country is bounded by the Philippine Sea and the island-nation of Palau.
Philippines had estimated population of 104.195 million in the year 2016 and expected to reach 117.341 million by 2022. Philippines's unemployment rate was 5.475% of total labor force.
Philippines's real gross domestic product (GDP) was around PHP 8113.17 billions in 2016 whereas the nominal GDP was PHP 14449.93 billions. This resulted in GDP deflator 178.105. Per capita GDP was estimated at USD 2924.29 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 7728.07.
In 2016, Philippine government's revenue was PHP 2813.22 billions whereas the expenditure was PHP 2869.53 billions. This resulted Philippine government's net lending / borrowing negative at PHP 56.312 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for Philippines was estimated to be at USD 0.601 billions for the year 2016 and is expected to decline at a CAGR of 196.44% and reach USD 5.638 by 2022. This balance indicates the Philippines will be a net borrower by 2022.
Scope of the Philippines PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Philippines.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Philippines.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Philippines.
- These reports provide risk analysis for Philippines.
For more information and to purchase Philippines PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/philippines-pestel-analysis-market-research-report
For more information and to purchase Philippines SWOT Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/philippines-swot-analysis-market-research-report
For more information and to purchase Philippines Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/philippines-risk-analysis-market-research-report
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Philippines PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Report Launched
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