-The Philippine economy has grown by about 5 percent a year on average over the last ten years, significantly higher than in the previous two decades. -their gross domestic product (GDP) is of 391.1 billion.

Their GDP/per capita is 4,100. Their literacy rate is 92.6% their major industries are electronics assembly, garments, footwear, chemicals, food procession. -they are 49% urban industrialized.

Economic factors