What Economic System Philippines Belong?


The economic system in the Philippines is classified as a newly industrialized economy. It does have an emerging market. Over the last few years it has the fastest growth recorded in the last 34 years.
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Economy of The Philippines
Gross Domestic Product (GDP): $ 454,300,000,000 (2013 est.)
Export Value: $50.96 billion (2012 est)
Import Value: $65 billion (2012 est)
Labor Force: 40.36 million (2012 est)
Unemployment Rate: 7% (2012 est)
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