The Philippines’ full year Gross Domestic Product (GDP) in 2013 grew by 7.2 percent, higher than the government’s expectations of 6 percent to 7 percent and despite several challenges that strained the economy last year.
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In a televised press conference at the Philippine Statistics Authority in Makati City, Balicasan said the economy grew by 6.5 percent in the fourth quarter of 2013, which makes the Philippines as one of the best performing economies in the Asian region in the said period, second to China with 7.7 percent growth.
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The Gross Domestic Product (GDP) in Philippines was worth 272.02 billion US dollars in 2013. The GDP value of Philippines represents 0.44 percent of the world economy. GDP in Philippines averaged 60.12 USD Billion from 1960 until 2013, reaching an all time high of 272.02 USD Billion in 2013 and a record low of 4.40 USD Billion in 1962.
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the economy of the philippines is the 38th largest in the world. the philippines currency is pesco.
they export around $53.98 billion. they import around 61.71 billion. they grow and harvest rice, sugar, coconuts, fruit, corn and many more foods. |