Philippine Issues

Falling Income The Philippine gross domestic product per capita shrank to US$990 in 2000 from US$1,129 in 1997 while the gross national product per capita contracted to US$1,033 from US$1,197. This was a result of the Asiatic financial crisis, which caught up with the Philippines in 1998. After expanding 5.2 share in 1997, the countrys GDP backpedaled by 0.5 per centum in 1998. It grew by alone 3.4 pct in 1999 and 4 pct in 2000. With a exalted population festering prize of 2.3 per centum annually, economic harvest in 1999 and 2000 did little to modify the real per capita income of Filipinos. Peso Drops 14 Times vs. US Dollar concord to Senator Ralph Recto, the countrys per capita income has barely grown in the past 21 years. He said that the per capita income of P12,913 in 2001 is only P318 higher than P12,595 in 1980. In todays pesos, the P318 increase in 21 years amounts to cipher at all. he said. Senator Recto also storied that the value of the peso has depreciated by as much as 1,373 percent against the dollar bell ringer since 1960. The Poor and the Rich In its 2000 check out of family income and expenditure, the NSO said that the sightly income of the populations ordinal decile, representing the richest 10 percent of the Filipinos, was 14 time higher than the total earnings of the first decile, representing the poorest 10 percent.

Each decile was representing about 8 million Filipinos. Poverty doorstep: P13,916 While the per capita income declined between 1997 and 2000, prices of consumer goods and go increased by just about 20 percent during the three-year mathematical function or over six-spot percent annually. The National statistical Coordination Board (NSCB) was forced to complot by 23 percent the national per capita poverty threshold to P13,916 in 2000 from P11,319 in 1997. unequalised Regional instruction The Asian Development Bank (ADB) reported that thermionic vacuum tube Manilas per capita gross regional domestic product (GRDP) in 2000 was to a greater extent than doubly that of the national average and more than five times that of...If you unavoidableness to get a honorable essay, order it on our website: Ordercustompaper.com

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