Philippines and Vietnam Economy

5126 WordsMar 11, 201221 Pages
Republic of the Philippines TAGUIG CITY UNIVERSITY Gen. Santos Ave., Upper Bicutan, Taguig City COLLEGE OF ENGINEERING, TECHNOLOGY AND COMPUTER SCIENCE Principles of Economy with Taxation and Agrarian Reforms Xeres Yvonne O. Quimora A Comparative Study Of Philippines and Vietnam’s Economy Laserna,Marknel S. Caraig, Ma. Joy Angeline E. Serrano, Ismerald BSCS-C32 Morning Philippines Vietnam Economic and social environment Philippines The Philippines is a large country, with high population density, and a population growth rate relatively higher (2.2 percent per year in 1990-94) then the SEA standard. The ratio of urban population is high. The country spends a sizeable proportion of…show more content…
The annual growth of the Philippines is -0.6 in 1980-83 and it increased 1.1% in two years while Vietnam is not stated. Table 2. Structural change: Distribution of Gross Domestic Production (%) Item | INS | MAL | PHI | THA | VIE | Agriculture | 1970 | 45 | 29 | 30 | 26 | - | 1993 | 19 | - | 22 | 10 | 29 | 1994 | (17) | 14 | 22 | 10 | 28 | Industry | 1970 | 19 | 25 | 32 | 25 | - | 1993 | 39 | - | 33 | 39 | 28 | 1994 | (41) | 43 | 33 | 39 | 30 | Services | 1970 | 36 | 46 | 39 | 49 | - | 1993 | 42 | - | 45 | 51 | 42 | 1994 | (42) | 42 | 45 | 50 | 43 | Table 3. Distribution of workforce (%) Country | Year | Agriculture | Industry | Services | INS | 1993 | 50.4 | 15.8 | 33.8 | MAL | 1988 | 30.6 | 22.6 | 46.7 | PHI | 1991 | 45.3 | 16.0 | 38.7 | THA | 1989 | 66.3 | 11.9 | 21.8 | VIE | 1990 | 71.0 | - | - | Table 4. Macro-economic indicators. Item | INS | MAL | PHI | THA | VIE | Average annual inflation (%) | 1984-1994 | 8.9 | 3.1 | 10.1 | 5.0 | 102.6 | Terms of trade (1987=100) | 1985 | 145 | 114 | 99 | 103 | - | 1994 | 79 | 92 | 114 | 105 | - | AID/GDP ratio (%) | 1980 | 1.3 | 0.6 | 0.9 | 1.3 | - | 1994 | 1.0 | 0.1 | 1.6 | 0.4 | 5.2 | Export concentration index | 1984 | 0.50 | 0.28 | 0.30 | 0.18 | - | 1992 | 0.19 | 0.16 | 0.29 | 0.09 | 0.31 | Debt/GNP (%) | 1980 | 28.0 | 28.0 | 53.7 | 25.9 | - | 1994 | 57.4 | 36.9 | 59.7 | 43.1 | 161.3 | Gini Index (1996) | 31.7 | 48.4 | 40.7
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