In the Philippines, the 3 largest economic sectors are industry, service, and agriculture, in terms of contribution to GDP. In past years, the service sector has exhibited continuous growth. Agriculture, although still substantial, continues to decline.
What are the major economic of the Philippines?
The major industries of the Philippines include manufacturing and agribusiness. Within manufacturing, mining and mineral processing, pharmaceuticals, shipbuilding, electronics, and semiconductors are the focus areas. The Philippines is one of the most attractive pharmaceutical markets in the Asia-Pacific region.
How many sectors are there in the Philippines?
Infographic: The Philippines – 4 sectors to watch.
What are the major sector of economy?
The main sectors of the economy are: Primary sector – extraction of raw materials – mining, fishing and agriculture. Secondary / manufacturing sector – concerned with producing finished goods, e.g. Construction sector, manufacturing and utilities, e.g. electricity.
Which country has the largest service sector?
According to the CIA World Factbook, the following countries are the largest by service or tertiary output as of 2018:
- United States: $15.5 trillion.
- China: $6.2 trillion.
- Japan: $3.4 trillion.
- Germany: $2.5 trillion.
- United Kingdom: $2.1 trillion.
- France: $2.0 trillion.
- Brazil: $1.5 trillion.
- India: $1.5 trillion.
What are 4 sectors of the economy?
The four sectors in the American economy are Government, For-Profit or Business, the Nonprofit or Independent, and Households or Family.
Is Philippines richer than India?
Philippines has a GDP per capita of $8,400 as of 2017, while in India, the GDP per capita is $7,200 as of 2017.
What is the main export of the Philippines?
Major exports are: electronic products (42 percent), other manufactures (10 percent) and woodcrafts and furniture (6 percent). Philippines is also the world’s largest producer of coconut, pineapple and abaca.