Contribution of the phil to asean

A founding member of ASEAN, the Philippines is a middle-income ASEAN Member State but

is today considered the new tiger in Asia amid strong growth. In 2012, the Philippines GDP
grew by as much as 7.1% surpassing economists' forecasts. In the same year,
the Philippine Stock Exchange Index posted 38 all-time highs

-GDP is the standard measure of the value added created through the production of goods and
services in a country during a certain period. As such, it also measures the income earned from
that production, or the total amount spent on final goods and services (less imports).

Characteristic Gross domestic product in billion U.S. dollars

2020 362.24

2019 376.8

-The Philippines has a steadily growing economy, with a gross domestic product (GDP) that

reached over 362.24 billion U.S. dollars in 2020.

Most important part of the asean community

The ASEAN Community pursues the goal of ASEAN's founding fathers of improving the lives

of Southeast Asia peoples through economic and cultural development, social progress,
regional peace and security, collaboration, mutual assistance in training and research,
improvement of living standards, promotion of Southeast .

Objective of asean economin community

Its goal is to create a stable, prosperous and highly competitive ASEAN economic region in

which there is a free flow of goods, services, investment and a freer flow of capital,
equitable economic development and reduced poverty and socio-economic disparities in year
2020