Economy of the Philippines
The Philippines is a newly industrialized country in South-East Asia. In 2004, it was ranked as the 24th largest economy by the World Bank according to purchasing power parity.
The Philippines is one of the emerging markets in the world.
Important sectors of the Philippine economy include agriculture and industry, particularly food processing, textiles and garments, and electronics and automobile parts.
Most industries are concentrated in the urban areas around metropolitan Manila.
Mining also has great potential in the Philippines, which possesses significant reserves of chromite, nickel, and copper.
Recent natural gas finds off the islands of Palawan add to the country's substantial geothermal, hydro, and coal energy reserves.
The Philippines is one of the emerging markets in the world.
Important sectors of the Philippine economy include agriculture and industry, particularly food processing, textiles and garments, and electronics and automobile parts.
Most industries are concentrated in the urban areas around metropolitan Manila.
Mining also has great potential in the Philippines, which possesses significant reserves of chromite, nickel, and copper.
Recent natural gas finds off the islands of Palawan add to the country's substantial geothermal, hydro, and coal energy reserves.
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