Philippines Economy - 1986

GEOGRAPHICAL NAMES 

GNP: $33,590 billion (1985 prelim.), $590 per capita; —3.8% real growth, 1985 prelim.

Natural resources: timber, petroleum, nickel, iron, cobalt, silver, gold

Agriculture: main crops—rice, corn, coconut, sugarcane, bananas, abaca, tobacco

Fishing: catch 1.8 million metric tons (1982)

Major industries: textiles, pharmaceuticals, chemicals, wood products, food processing, electronics assembly

Electric power: 6,290 000 kW capacity (1985); 22 billion kWh produced (1985), 387 kWh per capita

Exports: $4,636 billion (f.o.b., 1985 prelim.); coconut products, sugar, logs and lumber, copper concentrates, bananas, garments, nickel, electrical components, gold

Imports: $5,085 billion (f.o.b., 1985 prelim.); petroleum, industrial equipment, wheat

Major trade partners: (1983) exports—36% US, 20% Japan; imports—23% US, 17% Japan

Budget: (1984) revenues, $3 1 billion; expenditures, $2.8 billion, deficit, $0.3 billion

Monetary conversion rate: (floating) 18.8 pesos=US$l (December 1985)

Fiscal year: calendar year

NOTE: The information regarding Philippines on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Philippines 1986 information contained here. All suggestions for corrections of any errors about Philippines 1986 should be addressed to the CIA or the source cited on each page.