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6% (October 1998) Budget: revenues: $14.5 billion expenditures: $12.6 billion (1998 est.) Industries: textiles, pharmaceuticals, chemicals, wood products, food processing, electronics assembly, petroleum refining, fishing Industrial production growth rate: -1.7% (1998 est.) Electricity--production: 32.2 billion kWh (1996) Electricity--production by source: fossil fuel: 62.11% hydro: 20.19% nuclear: 0% other: 17.7% (1996) Electricity--consumption: 32.2 billion kWh (1996) Electricity--exports: 0 kWh (1996) Electricity--imports: 0 kWh (1996) Agriculture--products: rice, coconuts, corn, sugarcane, bananas, pineapples, mangoes; pork, eggs, beef; fish Exports: $25 billion (f.o.b., 1998 est.) Exports--commodities: electronics and telecommunications 51%, machinery and transport 10%, garments 9%, other 30% Exports--partners: US 34%, Japan 17%, EU 17%, ASEAN 14%, Hong Kong 4%, Taiwan 4% (1997 est.) Imports: $29 billion (f.o.b., 1998 est.) Imports--commodities: raw materials and intermediate goods 43%, capital goods 36%, consumer goods 9%, fuels 9% Imports--partners: Japan 21%, US 20%, ASEAN 12%, EU 10%, Taiwan 5%, Hong Kong 4%, Saudi Arabia 4% (1997 est.) Debt--external: $46.4 billion (September 1998) Economic aid--recipient: ODA, $1.1 billion (1998) Currency: 1 Philippine peso (P) = 100 centavos Exchange rates: Philippine pesos (P) per US$1--38.404 (January 1999), 40.893 (1998), 29.471 (1997), 26.216 (1996), 25.714 (1995), 26.417 (1994) Fiscal year: calendar year Communications Telephones: 1.9 million (1997) Telephone system: good international radiotelephone and submarine cable services; domestic and interisland service adequate domestic: domestic satellite system with 11 earth stations international: submarine cables to Hong Kong, Guam, Singapore, Taiwan, and Japan; satellite earth stations--3 Intelsat (1 Indian Ocean and 2 Pacific Ocean) Radio broadcast stations: AM 261, FM 55, shortwave 0 Radios: 9.03 million (1992 est.) Television broadcast stations: 37 (includes six stations of the US Armed Forces Radio and TV Service) (1997) Televisions: 9.2 million (1998) Transportation Railways: total: 897 km of which 492 km in operation narrow gauge: 492 km 1.067-m gauge (1996) Highways: total: 161,313 km paved: 290 km unpaved: 161,023 km (1997) Waterways: 3,219 km; limited to shallow-draft
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