Talk:Economy of the Philippines

Attention
I reckon that its about time this page be as updated as the other articles of the other countries. Its already 2005, and the 2004 numbers of the economic indicators are already out. I would want to update them myself, but there is just too many. Alot of the details in the article are also out of date, help anyone???- — Preceding unsigned comment added by 210.213.246.235 (talk) 09:43, 2 February 2005 (UTC)

I was hoping that we can reorganize with ff. sections:


 * Background,
 * Agriculture and Fishing,
 * Commerce,
 * Communication,
 * Currency,
 * Energy,
 * Forestry,
 * '''Labor
 * Manufacturing,
 * Mining,
 * Transportation

Statistics already embedded in each section, uhm help?!?- — Preceding unsigned comment added by 210.213.246.235 (talk) 10:10, 2 February 2005 (UTC)

Somebody with the information should add
 * Outsourcing- — Preceding unsigned comment added by 202.156.2.218 (talk) 12:25, 12 February 2005 (UTC)

Italic text- — Preceding unsigned comment added by 69.230.57.135 (talk) 00:10, 3 April 2007 (UTC) ==Comment== I think you put the wrong caption about the rice paddies. The Philippines is a rice importer. It imports rice from Vietnam. Yes, it used to be our biggest agricultural export but now, we don't have enough rice output to meet domestic demand. If I'm not mistaken, coconut products are the largest agricultural exports. Please check the National Statistical Coordination Board website at http://www.nscb.gov.ph

I suggest that you add a section for Tourism because it is making progress due to the agressive marketing campaign of the Department of Tourism. You may want to put photos of the majestic tourist destinations in the country.- — Preceding unsigned comment added by 203.87.151.226 (talk) 08:25, 7 June 2006 (UTC)

The country actually has enough supply of rice for the year 2006. They are only importing to beef up their rice stocks in case of unusual weather phenomenon such as the El Nino.- — Preceding unsigned comment added by Mildrckfr (talk • contribs) 15:14, 17 June 2006 (UTC)

below the poverty line- the latest data of poverty line is 26% way year 2003. should you guys have data for 2006 or at least 2005?- — Preceding unsigned comment added by 69.230.57.135 (talk) 00:07, 3 April 2007 (UTC)

This article fails to recognize the protectionist policies which the Philippine elites had imposed on the country. The Filipino elites especially the Nacionalista Party had ruined Philippine economy from the beginning. Even the Americans permitted these elites(illustrados) to dominate the economy during American colonial period. The 1987 Constitution is a restatement of Pinoy elites domination. The 1987 constitution specifies that majority of businesses should be 60% Filipino owned. Guess who will be those Filipinos-the elites? This is the main reason why the bulk of most foreign direct investments in Asian region have bypassed Philippines since the 1980's. Major foreign multinationals prefers to be majority owners especially when a large investment money is involved. Of course, Philippine govt can always make exception to the 60/40 rule for a fee. The end result is continued poverty where 1/3 of the population lives on less than $2.00 per day. Until Philippines ends it protectionist policies, Philippines would remain the Sick Man of Asia and purveyor of global workers.

See... http://findarticles.com/p/articles/mi_m1568/is_n2_v26/ai_15473461-The human costs of protectionism

http://countrystudies.us/philippines/17.htm, America failed to change the illustrados

http://www.atimes.com/atimes/Southeast_Asia/FJ02Ae01.html 134 families that control Philippines- — Preceding unsigned comment added by Jonathanreyes (talk • contribs) 15:33, 18 November 2007 (UTC)

Also, this article is so Pro-Philippines. It seems that it was written by a Philippine govt employee. There is no mention of poverty or corruption. The brain drain is not even addressed.- — Preceding unsigned comment added by 68.93.73.207 (talk) 01:06, 20 November 2007 (UTC)

Chaos!
The table below is probably not entirely accurate, due either to problems I've introduced in putting it together or to updated info at cited sources overtaking outdated info citing those sources. Even so, I think this is pretty close, and I think that it points up a real editorial problem.

Wikipedia articles have a lot of entropy, and it's necessary to wage a constant battle against increases in disorder. However, in this case it looks as if things have probably started out in a disordered state.

Would it be possible to come to some sort of consensus in the community of people interested in maintaining the wikipedia pages represented by the table columns about what figures from which sources should be used for this sort of thing and to put the consensus figure in the "to be used" column of this table? If so, a notice that this is being done could be placed in the affected pages (AFAIK, just two articles and one template), which could be updated with sync'd-up and cite-supported figures once this is finished. Also, once this is finished, that "to be used" list could be saved somewhere and used to re-synchronize pages which drift and to track what pages need updating when supporting source content is updated.

Comments? -- Boracay Bill (talk) 04:17, 15 January 2008 (UTC)

a

$38$

No supporting source cited

b

c Rosemarie Francisco, writing on Yahoo Business

d

CIA Factbook

Software section removed
I've removed the Software subsection, which read as follows: This might or might not be link spam, but it's not a very notable bit of info in terms of the national economy. Also, the impression given that this is a Philippine company appears to be false. The Trend Micro article opens as follows:
 * "====Software====
 * One of the software houses established in the country is Trend Micro, a small anti virus software maker with its main product PC-Cillin. The company develops its "cures" for viruses in Eastwood City, Libis, Quezon City." (citing
 * "Trend Micro (TYO: 4704) is a global company, headquartered in Tokyo, that develops software to protect against computer viruses. Steve Chang, a Taiwanese, the founder and former CEO of the company, started the company in California in 1988. Its headquarters are in Tokyo. In 2004 Chang passed leadership to Eva Chen, co-founder of Trend Micro. She was CTO from 1996 to 2004. One of her best known developments is Trend Micro InterScan VirusWall."

That article goes on to say:
 * "... they have a global virus/worm response center, called TrendLabs. Its offices are located in Philippines, Taiwan, Japan, China, France, Germany, Ireland, USA, Dubai, Australia & New Zealand."

If foreign firms with offices and fsacilities in the Philippines are to be highlighted, there are probably many more notable cases. -- Boracay Bill (talk) 23:42, 15 January 2008 (UTC)

Typo...
I guess a major wank failure would result in less growth.- — Preceding unsigned comment added by 76.217.58.145 (talk) 04:22, 23 May 2008 (UTC)

Philippines Capitalist?
Since when is the Philippines a Capitalist Economy or a Market Economy? Philippines is a mixed economy. Take the ownership of Meralco for example. It is basically both privately owned and government owned which is basically Fascism. Philippines has a lot of regulations so the "Market Economy" doesnt apply to the Philippines. Based on my opinion, Philippines is more of a Socialist country but with Private Property. Philippines also has a lot of protectionist policies which is basically Mercantile. —Preceding unsigned comment added by 81.208.74.186 (talk) 16:20, 4 July 2008 (UTC)

Capitalist?
"During this time, capitalism became highly prevalent in the nation, as major American corporations dominated local industry alongside a few local entrepreneurs."

What is this supposed to mean? —Preceding unsigned comment added by 88.88.239.130 (talk) 22:44, 3 March 2010 (UTC)

7.3% vs. 7.9%
Re this reversion. I've taken another look at the cited supporting sources; it looks like I was editing too hastily in my edit which you reverted and misread something. Thanks for the correction. Wtmitchell (talk) (earlier Boracay Bill) 05:20, 6 November 2010 (UTC)


 * No problem. There seems to be a sneaky vandal that has developed an attachment to this article—that or someone expressing too much enthusiasm. Lambanog (talk) 03:27, 7 November 2010 (UTC)

No section on agriculture
There is no section on agriculture. There should be considering that this country is still largely rural and twice as many work in agriculture as in industry. The Philippines is defined in part by farms and plantations (think rice terraces, encomiendas, sugar plantations, Dole). Not only should there be a significant section here but there should be a separate article, a la Agriculture in Malaysia or Agriculture in Malawi. At the very least, this should be like Economy of France. Unfortunately I am not an expert and will leave it to others --Bruce Hall (talk) 01:55, 14 November 2012 (UTC)

Made several organization changes
I've made several changes to the organization of this article and would welcome your thoughts. I moved the government budget section to the bottom since this is about the economy and not fiscal policy, though I was tempted to delete the section since it has nothing but the *proposed* budget allocations. I rename "private sector" to "composition of sectors" and added subsections to better reflect the standard division of GDP into agriculture, industry and services, with further subsections on specific sub-sectors. As part of this I changed "business process outsourcing" to the more general term "outsourcing". Not all outsourcing worldwide is business processes. BPO is just a subset of the O. Finally I added in a number of "see also" links since the economy of the Philippines is a topic too big to be adequately discussed in one article. This should be a general overview with links to more specific, targeted articles. Much, much work needs to be done. This article as it stands has far too many charts, graphs, and other details and very little explanation. Encyclopedias are not almanacs and should have less stats and more explanation, but I do have the knowledge to add such expert analysis. --Bruce Hall (talk) 04:14, 16 November 2012 (UTC)

Orphaned references in Economy of the Philippines
I check pages listed in Category:Pages with incorrect ref formatting to try to fix reference errors. One of the things I do is look for content for orphaned references in wikilinked articles. I have found content for some of Economy of the Philippines's orphans, the problem is that I found more than one version. I can't determine which (if any) is correct for this article, so I am asking for a sentient editor to look it over and copy the correct ref content into this article.

Reference named "imf1": From Economy of Vietnam:  From Economy of Azerbaijan:  

I apologize if any of the above are effectively identical; I am just a simple computer program, so I can't determine whether minor differences are significant or not. AnomieBOT ⚡ 15:23, 27 February 2013 (UTC)

External link to tariff data
Hello everyone, I am working for the International Trade Centre (ITC), a UN/WTO agency that aims to promote sustainable economic development through trade promotion. I would like to propose the addition of an external link (http://www.macmap.org/QuickSearch/FindTariff/FindTariff.aspx?subsite=open_access&country=SCC608%7cPhilippines&source=1|ITC) that leads directly to our online database of customs tariffs applied by the Philippines. Visitors can easily look up market access information for the Philippines by selecting the product and partner of their interest. I would like you to consider this link under the WP:ELYES #3 prescriptions. Moreover, the reliability and the pertinence of this link can be supported by the following facts 1) ITC is part of the United Nations, and aims to share trade and market access data on by country and product as a global public good 2) No registration is required to access this information 3) Market access data (Tariffs and non-tariff measures) are regularly updated

Thank you, Divoc (talk) 09:54, 17 October 2014 (UTC)

Orphaned references in Economy of the Philippines
I check pages listed in Category:Pages with incorrect ref formatting to try to fix reference errors. One of the things I do is look for content for orphaned references in wikilinked articles. I have found content for some of Economy of the Philippines's orphans, the problem is that I found more than one version. I can't determine which (if any) is correct for this article, so I am asking for a sentient editor to look it over and copy the correct ref content into this article.

Reference named "geo": From Netherlands:  From Southern Leyte: The Provincial Profile of Southern Leyte From Timeline of Philippine history: Geographical History Pamantasan ng Lungsod ng Maynila website May 1, 2012 

I apologize if any of the above are effectively identical; I am just a simple computer program, so I can't determine whether minor differences are significant or not. AnomieBOT ⚡ 22:12, 22 November 2015 (UTC)

First Philippine Republic
This edit caught my eye. When I looked at the edited section and saw "... newly independent country of the Philippines", my jaw dropped. This article is not the place to rewrite the political history of the Philippines, and I made this edit to correct some of that. The First Philippine Republic was not a sovereign national government. It was an unsuccessful rebellion, an insurgency, the continuation of the Philippine Revolution which grew out of the Katipunan movement, and which was ultimately unsuccessful militarily. Discussion of that in this article, though, would give undue weight to a particular politically charged bit of the country's political history when the topic of the article is the country's economy. Please discuss these political points on the talk pages of more topically appropriate articles such as History of the Philippines (1898-1946), First Philippine Republic, Taft Commission, etc. rather than here.

I've also removed an unsupported assertion that Spain left the Philippines in 1900. I have no idea where that might have come from, but please see the Treaty of Paris (1898) article.

On the topic of the country's economy during this period, I see that the text I have not edited makes some specifiic assertions and cites this Nationmaster page in support. I don't know where Nationmaster got their info, but my guess would be that it comes from reports of the Taft Commission (as background, see the first para at http://countrystudies.us/philippines/19.htm in Ronald E. Dolan, ed. Philippines: A Country Study. Washington: GPO for the Library of Congress, 1991.), and that the figures from that cited source have nothing whatever to do with the economy of the First Philippine Republic. Wtmitchell (talk) (earlier Boracay Bill) 00:15, 2 December 2015 (UTC)

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Very Inaccurate "Historical and Future Annual GDP Growth Rates" Table UPDATE THIS! [RESOLVED]
This table is on the very top and is easy to spot. Anyone reading the table will be greatly misinformed. The statistics for the official rate as far as I'm concerned are all wrong and I've cross referenced economic statistics for the official growth rate of the Philippines from 1960s to present and mostly the datas on the table didn't even come close especially the older ones. Worst of all of it is the statistics for the decade 1980-1989 @11% that should be 2.012% to 2.1% max. Reliable and Updated Sources are in the links below. [REMOVE SPACES TO OPEN LINKS] theglobaleconomy. com/Philippines/Economic_growth/ tradingeconomics. com/philippines/gdp-growth-annual business.inquirer. net/211773/economic-and-agriculture-scores-of-philippine-presidents I already summarize this on an excel worksheet, but I can't edit this very inaccurate table. So anyone who has privilege to edit this, pls. update it with the official statistics. Would be better really if it is on a per yr basis too. As for something that is the very first thing that is shown to readers, having this very inaccurate table even at the top of the wiki is a big NO NO.- — Preceding unsigned comment added by Joshua121595 (talk • contribs) 20:58, 9 March 2018 (UTC)

UPDATE as of March 11, 2018 Finally updated the table, turns out I just didn't see the table when I first look at it. However statistics before 1960 has not been updated and still based on the old reference. I can't reference tradingeconomics. com though. But Was able to reference the statistics from theglobaleconomy. com- — Preceding unsigned comment added by Joshua121595 (talk • contribs) 09:13, 11 March 2018 (UTC)

Philippine contacts with the Ancient Greeks in 21 AD is questionable.
We have no other proof that this is true apart from one source with no solid proof of the claim. The claim is speculative at most. The Philippine islands was the most parsley populated area in Southeast Asia that when the Spaniards went here in 16th century, the population of any Philippine "city" did not reach 1 million. This is the reason why the Philippines never had a pre-colonial empire like Japan or China. There were very little inhabitants in the Philippines even when Europe colonized it. Any historian who claims this is true probably has no concept of time, geography, and yes, world history. Ancient Greece in 21 AD was part of the Roman empire. And ancient Rome never really successfully reached colonized India before Alexander the Greay. Ancient Rome never knew that Southeast Asia exists. It is logistically impossible for a Greek seafarer to reach the Philippines neither by navigational expertise nor by shipwrecks. — Preceding unsigned comment added by 43.230.109.35 (talk) 14:27, 21 June 2019 (UTC)

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Semi-protected edit request on 20 August 2021
103.125.150.138 (talk) 07:29, 20 August 2021 (UTC)



The Philippine economy has been growing steadily over decades and the International Monetary Fund in 2014 reported it as the 39th largest economy in the world. However, its growth has been behind that of many of its Asian neighbors, the so-called Asian Tigers, and it is not a part of the Group of 20 nations. Instead, it is grouped in a second tier for emerging markets or newly industrialized countries. Depending on the analyst, this second tier can go by the name the Next Eleven or the Tiger Cub Economies.

In 2012 and 2013, the Philippines posted high GDP growth rates, reaching 6.8% in 2012 and 7.2% in 2013, the highest GDP growth rates in Asia for the first two quarters of 2013, followed by China and Indonesia.

A chart of selected statistics showing trends in the gross domestic product of the Philippines using data taken from the International Monetary Fund.

Indicates economic growth Indicates contraction / recession


 * Red question icon with gradient background.svg Not done: it's not clear what changes you want to be made. Please mention the specific changes in a "change X to Y" format and provide a reliable source if appropriate. — Sirdog (talk) 07:39, 20 August 2021 (UTC)

History section is excessively long
The History section is excessively long and largely duplicates the scope of Economic history of the Philippines. I trimmed the subsection Fifth Philippine Republic (1986–present) (which had duplicate content from Economic history of the Philippines); but the entire History section needs severe condensing and rewriting. Perhaps other editors can help in fixing that section. Sanglahi86 (talk) 00:44, 3 March 2023 (UTC)


 * A bit of a mess. Economic history of the Philippines was originally a Marcos I era-article, but saw a merge of later events in 2016. Then, in 2018, Economic history of the Philippines (1965–1986) was created covering Marcos I again. Some picking through the two articles regarding the Marcos period, and the information on this page, will be needed.An easier situation for pre-Marcos text on this page. I suggest moving it all to Economic history of the Philippines (keeping that page there as the main page seems the simplest option whatever happens to the Marcos text). The Post-Marcos text here should also be moved, it looks like most of it will be able to just be copied over. There is a small amount of overlap with the Post-EDSA macroeconomics section, but that section is a mess that needs sorting out anyway. CMD (talk) 01:50, 3 March 2023 (UTC)
 * I didn't think the situation was even worse than I had thought it is. I will see what I can do about it. Thank you for the information and suggestions. Sanglahi86 (talk) 02:06, 3 March 2023 (UTC)

Statistics section is redundant (Fixed)
Statistics section is just a duplicate from main even though it acts like a repository it doesnt serve its purpose at all I think it should be removed or replaced. Maoylord (talk) 15:04, 9 March 2023 (UTC)


 * I agree it is redundant. I think it can be safely removed if the data it contains already appears in other parts of the article. Sanglahi86 (talk) 03:55, 12 March 2023 (UTC)
 * I will try to summarize it all using a table to retain it somehow. If the tone is not satisying i will give up on it. Maoylord (talk) 09:04, 12 March 2023 (UTC)
 * Thanks for expanding/updating the statistics section. However, this is too much detail for the page; I think it would be better for it to stand as a separate article Economic statistics of the Philippines (like Economic statistics of Singapore). Other detailed statistics may also be moved to that proposed page. Sanglahi86 (talk) 11:19, 15 March 2023 (UTC)
 * Im ok with that, remove this section also if there is a new page for this. Also i intentionally make cells without lines over wikitable i was trying to emulate from lead section you can improve it more if you have free time. Maoylord (talk) 11:34, 15 March 2023 (UTC)