What was the economic growth in 2011?

What was the economic growth in 2011?

The economy grew by an estimated 8.6 percent per the Central Statistics Office report of 7 February 2011. The growth was strong in the agricultural and manufacturing sectors. Inflation seemed to be high but came down from its initial position at the start of the fiscal year.

What is the economic changes in the Philippines?

Average annual growth increased to 6.4% between 2010-2019 from an average of 4.5% between 2000-2009. With increasing urbanization, a growing middle class, and a large and young population, the Philippines’ economic dynamism is rooted in strong consumer demand supported by a vibrant labor market and robust remittances.

What are economic trends?

An economic trend is an indicator that shows how a region or country is doing financially.

What happened to the Philippine economy in 2009?

The Philippine economy grew by 0.9 percent in 2009. It continued to post low, albeit positive, growth rates just as the global economy reached the bottom of the pool in 2009.

What is the GDP of 2011 and 2012?

The GDP growth in the January-March quarter, 2011-12, was just 5.3 per cent compared to 9.2 per cent in the same period in 2010-11. India’s economic growth rate slipped to 5.3 per cent in the fourth quarter of 2011-12, lowest in nearly 9 years due to poor performance of the manufacturing and farm sectors.

What was GDP growth in 2012?

Current-dollar GDP increased 4.0 percent, or $600.3 billion, in 2012, compared with an increase of 4.0 percent, or $576.8 billion, in 2011. During 2012 (that is, measured from the fourth quarter of 2011 to the fourth quarter of 2012) real GDP increased 1.5 percent. Real GDP increased 2.0 percent during 2011.

What is economic growth in the Philippines?

The Asian Development Outlook (ADO) 2022, ADB’s flagship economic publication, forecasts the Philippine economy to grow by 6.0% in 2022, rising further by 6.3% in 2023.

What are social and economic trends?

Socioeconomic trends, such as worker and employer migration, increased life expectancy, and educational gaps, continue to magnify the numbers and kinds of people who work together in organizations.

What are example of trends?

The definition of a trend is a general direction or something popular. An example of trend is a northern moving coastline. An example of trend is the style of bell bottom jeans. A general tendency or course of events.

How did the 2008 financial crisis affect the Philippine economy?

The global financial crisis of 2008-2009 resulted in considerably slower economic growth in the Philippines as elsewhere in East Asia. The financial crisis partially overlapped with lingering effects of a major spike in international food and fuel prices which peaked in mid- to late-2008.

What is GDP right now?

Related Last Unit
GDP 20936.60 USD Billion
GDP Constant Prices 19735.90 USD Billion
GDP per capita 58510.24 USD
GDP per capita PPP 60235.73 USD