The Agricultural sector comprised 19% of GDP in 2009 and
provide work for 34% of the labor force. MANUFACTURING In economic development, a structural transformation is needed for nation to increase its output.
For the past 30 years, we have been gaining from
globalization where manufacturing firms abroad penetrate the local scene by putting up their factories in the Philippines. RETAIL AND TRADE SERVICE
Tourism is the 4th biggest contributor of foreign exchange.
We expect to increase our tourist arrivals by 5%-7% each year
-Cost Push Inflation
-Demand Pull inflation INTERNATIONAL TRADE (EXPORTS AND IMPORTS)
Started with barter
Comparative Advantage WHO ARE THE TRADING PARTNERS OF THE PHILIPPINES?