omatic representation:
chief of mission:
Ambassador John D. NEGROPONTE
embassy:
1201 Roxas Boulevard, Ermita Manila 1000
mailing address:
APO AP 96440
telephone:
[632] 521-7116
FAX:
[632] 522-4361
consulate(s) general:
Cebu
Flag:
two equal horizontal bands of blue (top) and red with a white
equilateral triangle based on the hoist side; in the center of the
triangle is a yellow sun with eight primary rays (each containing
three individual rays) and in each corner of the triangle is a small
yellow five-pointed star

@Philippines, Economy

Overview:
Domestic output in this primarily agricultural economy failed to grow
in 1992 and rose only slightly in 1993. Drought and power supply
problems hampered production, while inadequate revenues prevented
government pump priming. Worker remittances helped to supplement GDP.
A marked increase in capital goods imports, particularly power
generating equipment, telecommunications equipment, and electronic
data processors, contributed to 20% import growth in both 1992 and
1993.
National product:
GDP - purchasing power equivalent - $171 billion (1993 est.)
National product real growth rate:
1.4% (1993 est.)
National product per capita:
$2,500 (1993 est.)
Inflation rate (consumer prices):
7.6% (1993)
Unemployment rate:
9.2% (1993)
Budget:
revenues:
$11.5 billion
expenditures:
$13 billion, including capital expenditures of $1.7 billion (1994
est.)
Exports:
$11.1 billion (f.o.b., 1993 est.)
commodities:
electronics, textiles, coconut products, cooper, fish
partners:
US 39%, Japan 18%, Germany 5%, UK 5%, Hong Kong 5% (1992)
Imports:
$17.1 billion (f.o.b., 1993 est.)
commodities:
raw materials 40%, capital goods 25%, petroleum products 10%
partners:
Japan 21%, US 18%, Taiwan 7%, Saudi Arabia 6%, Hong Kong 5%, South
Korea 5% (1992)
External debt:
$34.1 billion (September 1993)
Industrial production:
growth rate -1% (1992 est.); accounts for 34% of GDP
Electricity:
capacity:
7,850,000 kW
production:
28 billion kWh
consumption per capita:
420 kWh (1992)
Industries:
textiles, pharmaceuticals, chemicals, wood products, food processing,
electronics assembly, petroleum refining, fishing
Agriculture:
accounts for about 20% of GDP and about 45% of labor force; major
crops - rice, coconuts, corn, sugarcane, bananas, pineapples, mangos;
animal products - pork, eggs, beef; net e