BALANCE OF PAYMENTS: SURPLUS
Philippines is comfortably positioned on the Balance of payment (BOP) front, as it enjoyed a current account surplus of $2.3 billion in 2005. The overall BOP balance improved considerably, from a negative of $280 million in 2004 to a positive of $2.4 billion in 2005. Trade deficit for the year 2005 totaled $7.5 billion, while the figure for 2004 was $5.6 billion. External debt of Philippines mounted to a whopping $54.84 billion in 2005, compared to $54.18 billion in 2004.
CPI: COST OF LIVING
Inflation has not been a concern across East Asia since the crisis-preceding booms of the middle 1990s, but increasing energy prices have affected the general price levels. Inflation, as measured by Consumer Price Index, increased by 7.6% in 2005, as compared to 6% in 2004; core inflation increased by 7% in 2005.
For complete IIPM article click here
Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
Philippines is comfortably positioned on the Balance of payment (BOP) front, as it enjoyed a current account surplus of $2.3 billion in 2005. The overall BOP balance improved considerably, from a negative of $280 million in 2004 to a positive of $2.4 billion in 2005. Trade deficit for the year 2005 totaled $7.5 billion, while the figure for 2004 was $5.6 billion. External debt of Philippines mounted to a whopping $54.84 billion in 2005, compared to $54.18 billion in 2004.
CPI: COST OF LIVING
Inflation has not been a concern across East Asia since the crisis-preceding booms of the middle 1990s, but increasing energy prices have affected the general price levels. Inflation, as measured by Consumer Price Index, increased by 7.6% in 2005, as compared to 6% in 2004; core inflation increased by 7% in 2005.
For complete IIPM article click here
Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
