Philippines – Fast Facts
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Philippines is a lower middle-income economies coming under the East Asia and Pacific region as to the classification made by the World Bank on the basis of income and region for the year 2006.
The country’s economy is largely dependent upon the industries and services sector. The services sector constitutes more than 50% of the GDP followed by the industries.
Philippines is a lower middle-income economies coming under the East Asia and Pacific region as to the classification made by the World Bank on the basis of income and region for the year 2006.
The country’s economy is largely dependent upon the industries and services sector. The services sector constitutes more than 50% of the GDP followed by the industries.
Major agricultural products in the country are rice, sugar, tobacco, and bananas. Important industries are furniture, cigarettes, textiles, rubber products, metal and food products. The country has large reserves of gold, silver, iron, and chromite.
