Asked in EconomicsPhilippinesBusiness GlobalizationPhilippines Economics
What was the Gross National Product of the Philippines in 2006 and 2007?
November 12, 2007 5:59PM
The CIA World Factbook (https://www.cia.gov/library/publications/the-world-factbook/index.html) is an easy place to answer questions such as this.
In 2006, the Philippines had a GDP of 116.9 billion dollars at the official exchange rate, and 449.8 billion dollars at purchasing power parity. With a growth rate of 5.4%, this means in 2005, the GDP was approximately 426 billion at ppp, or 110.9 billion at the official exchange rate. That should give a good approximation to GNP, unless the labor from Philippino ex-pats is very large.