Some Facts About The Current Philippine Economy

Inflation rate (consumer prices): 3.1% (2012 est.)

4.7% (2011 est.)

The value for Inflation, GDP deflator(annual %) in Philippines was 4.06 asof 2011. As the graph below shows,over the past 50 years this indicatorreached a maximum value of 53.34 in1984 and a minimum value of 1.96 in1967.

The Philippines’ economic freedom score is 60.1

…making its economy the 89th freest in the 2014 Index.

The Philippines ranks 16th out of 42 countries in the Asia–Pacific region

Its overall score is slightly below the world average.

27/50?

Improvements in seven of the 10economic freedoms, includingsignificant gains in trade freedom,investment freedom, and freedomfrom corruption, have been partiallyoffset by a deterioration in propertyrights

The Philippine economy has recorded average annual growth of around 5 percent over the past five years.

The government has pursued a series of legislative reforms to enhance the

investment environment andincentivize broader-based private-

sector job growth.

A Note To The Viewers

Despite progress, lingering institutionalchallenges will not be overcome without adeeper commitment to reform.

Although the perceived level of corruption has declined, more effective anti-corruption measures need to be firmly institutionalized.

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