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Group 1
Joanne, Mandy,
Grace & Shirlyn
LABOR LABOR PRODUCTIVITYPRODUCTIVITY
MEASURESMEASURES
LABOR LABOR PRODUCTIVITYPRODUCTIVITY
MEASURESMEASURES
Outline of Presentation
1. Statistics defining the labor
market and RP labor
Productivity
2. Government initiatives
DEFINITIONDEFINITIONDEFINITIONDEFINITION
Labor productivity refers to the Labor productivity refers to the amount or quantity of output amount or quantity of output produced by a given quantity of produced by a given quantity of labor input.labor input.
COMPUTATIONCOMPUTATIONCOMPUTATIONCOMPUTATION
Gross Domestic ProductLABOR PRODUCTIVITY = ------------------------------------
No. of Employed Persons
PHILIPPINE LABOR FORCE
(April 2004)
84.0MTotal Population
31.0MLess than 15 yrs. old
53.0M15 yrs. old & above
16.5MNot in Labor Force
36.5MIn Labor Force
36.5MIn Labor Force
5.0MUnemployed
31.5MEmployed
16.1MWage & Salary
11.7MOwn-Account
3.7MUnpaid Family Members
Philippine Labor Force
(April 2004)
PHILIPPINE WORKFORCE
Workforce
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Workforce
PHILIPPINE GDP
GDP
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
GDP
RP Labor ProductivityRP Labor Productivity1995-2005
At Constant 1985 Prices
28,000
29,000
30,000
31,000
32,000
33,000
34,000
35,000
36,000
37,000
38,000
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Y E A R
Labor
Pro
duct
ivit
y (P
hp)
Labor Productivity, GDP & Labor Productivity, GDP & WorkforceWorkforce
1995-2005At Constant 1985 Prices
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
Labor Productivity
Workforce
GDP
0
10000
20000
30000
40000
50000
60000
70000
80000
90000
NCR CAR I II III IV V VI VII IX XI XII XIIIVIII X ARMM
PHIL
RP Labor Productivity By Region
1999-2003 (Average)At Constant 1985 Prices
Comparative Labor Productivity - Asia
2000-2005At Constant 1985 Prices
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
55,000
2000 2001 2002 2003 2004
Singapore
Malaysia
Thailand
Indonesia
Philippines
Korea
China
Cambodia
Vietnam
Labor Productivity, Selected Asian Countries 1997-2003 (Average)At Constant Prices in US Dollars
Country
Japan
Singapore
Korea
Malaysia
Thailand
Indonesia
RP
Average Productivity
40,631
39,857
17,805
5,717
2,184
521
734
How RP Compares
55 x
54 x
24 x
8 x
3 x
(- 41%)
-
Labor Productivity in Selected ASEAN Labor Productivity in Selected ASEAN CountriesCountries
At Constant US DollarsAt Constant US Dollars1998-20021998-2002
SingaporeSingapore
MalaysiaMalaysia
ThailandThailand
IndonesiaIndonesia
PhilippinesPhilippines
19981998 19991999 20002000 20012001 20022002 Ave.Ave.
38,40938,409
5,4005,400
2,0642,064
535535
768768
39,80639,806
5,7565,756
2,3572,357
603603
810810
38,7238,72
5,9105,910
2,2552,255
526526
778778
37,81337,813
5,8015,801
2,0562,056
1,5491,549
645645
44,56744,567
n.a.n.a.
2,1902,190
1,7651,765
670670
39,85739,857
5,7175,717
2,1842,184
996996
734734
Population (in Million) vs. GDP (in Billion US$)Population (in Million) vs. GDP (in Billion US$)
SingaporeSingapore 44 92929292
MalaysiaMalaysia 2323 90909090
ThailandThailand 6262
7676 75757575
122122122122
IndonesiaIndonesia
201201 153153153153
PhilippinePhilippiness
Productivity Comparison:Productivity Comparison:RP vs. Selected ASEAN RP vs. Selected ASEAN
CountriesCountriesThe value of the output of the average Filipino worker in 8 hours:
• Can be done by a Indonesian worker in 11 hours and 18 minutes
• Can be done by a Thai worker in 2 hours and 42 minutes
• Can be done by a Malaysian worker in 1 hour
• Can be done by a Singaporean worker in 10 minutes
CountryCountry 20012001 20022002 20032003
JapanJapan 99 99 99
HongkongHongkong 2424 2323 2626
SingaporeSingapore 2626 2525 2828
KoreaKorea 2727 2727 3030
BruneiBrunei 3232 3232 3131
MalayasiaMalayasia 5656 5959 5858
ThailandThailand 6666 7070 7474
PhilippinesPhilippines 7070 7777 8585
Sri LankaSri Lanka 8181 8989 9999
ChinaChina 8787 9696 104104
VietnamVietnam 101101 109109 109109
IndonesiaIndonesia 102102 110110 112112
Human Development Index of Human Development Index of Selected Asian CountriesSelected Asian Countries
Why Are We Lagging Why Are We Lagging Behind?Behind?
Productivity growth critically depends on:
• Investment climate
• Improvement in quality of worklife
• Job enhancements
Why Are We Lagging Why Are We Lagging Behind?Behind?
Investment climate comprises:
1/ Macro fundamentals – social and political stability,macroeconomic stability, economic openness andCompetitive markets
2/ Governance and institutions – transparency andefficiency in regulation, taxation and legal system;Strong and well-functioning financial sector; labormarket flexibility and skilled labor force
3/ Infrastructure – transportation, telecommunications And power and water supply
Investment Climate and GrowthInvestment Climate and GrowthGross Capital Formation (as % of GDP)Gross Capital Formation (as % of GDP)
Higher rates of capital formation have fueled Higher rates of capital formation have fueled productivity and economic growthproductivity and economic growth
GDP per capita growth rates: selected Asian countriesGDP per capita growth rates: selected Asian countries
RP appears least favorable in terms of wage rate RP appears least favorable in terms of wage rate relative to labor productivityrelative to labor productivity
RP with lowest GDP per capita growth and RP with lowest GDP per capita growth and slowest poverty reduction – early to late slowest poverty reduction – early to late
1990s1990s
RP’s Investment Climate in PerspectiveRP’s Investment Climate in Perspective
Ease of Entry and Exit Procedures – Ranking out of 102 countries, 2003Ease of Entry and Exit Procedures – Ranking out of 102 countries, 2003
RP ranks 2RP ranks 2ndnd to worst out of 102 countries in to worst out of 102 countries in irregular payments in public contracts and irregular payments in public contracts and
business costs of corruption, 2003business costs of corruption, 2003
RP ranks 2RP ranks 2ndnd to worst out of 102 countries in to worst out of 102 countries in irregular payments in public contracts and irregular payments in public contracts and
business costs of corruption, 2003business costs of corruption, 2003
1 Big Mac1 Big MacIn MinutesIn Minutes
1 Kg. of 1 Kg. of ricerice
In MinutesIn Minutes
1.1. TokyoTokyo2.2. Hong KongHong Kong3.3. TaipeiTaipei4.4. SingaporeSingapore5.5. Kuala LumpurKuala Lumpur6.6. SeoulSeoul7.7. ShanghaiShanghai8.8. BangkokBangkok9.9. ManilaManila10.10. JakartaJakarta11.11. MumbaiMumbai12.12. KarachiKarachi
1010131318182121252528283030505062626767112112132132
8813131212111110103838292925252525202096964646
Working time required to buy…..
Hourly Hourly PayPayNetNet
Hourly Hourly PayPay
GrossGross
Annual Annual IncomeIncome
1.1. TokyoTokyo2.2. TaipeiTaipei3.3. SeoulSeoul4.4. SingaporeSingapore5.5. Kuala LumpurKuala Lumpur6.6. Hong KongHong Kong7.7. BangkokBangkok8.8. ShanghaiShanghai9.9. ManilaManila10.10. JakartaJakarta11.11. MumbaiMumbai12.12. KarachiKarachi
64.164.144.244.240.040.037.237.233.833.828.728.715.015.018.318.314.514.512.912.910.710.710.810.8
66.066.048.648.640.240.239.239.238.038.033.733.718.818.818.018.016.316.315.515.512.512.512.412.4
74.774.758.658.648.548.543.743.743.843.842.042.021.521.519.119.120.320.318.018.015.715.715.115.1
Domestic Purchasing Power
Gross PayGross PayPer hourPer hour
US $US $
Taxes, Taxes, DeductionsDeductions
Per hourPer hourUS $US $
Gross Gross PayPay
Per hourPer hourUS $US $
1.1. TokyoTokyo2.2. Hong KongHong Kong3.3. TaipeiTaipei4.4. SeoulSeoul5.5. SingaporeSingapore6.6. Kuala Kuala
LumpurLumpur7.7. ShanghaiShanghai8.8. BangkokBangkok9.9. JakartaJakarta10.10. ManilaManila11.11. KarachiKarachi12.12. MumbaiMumbai
17.6017.608.008.008.308.307.907.906.906.903.703.703.303.301.801.801.701.701.401.400.900.900.800.80
4.004.001.001.001.401.402.002.001.501.500.600.600.900.900.100.100.200.200.200.200.100.100.100.10
13.6013.607.007.006.906.905.905.905.405.403.103.102.402.401.701.701.501.501.201.200.800.800.700.70
Gross and Net hourly pay
Working Working Hours Per Hours Per
YearYear
Paid Vacation Paid Vacation Days per Days per
YearYear
1.1. Hong KongHong Kong2.2. MumbaiMumbai3.3. TaipeiTaipei4.4. KarachiKarachi5.5. ManilaManila6.6. SeoulSeoul7.7. BangkokBangkok8.8. JakartaJakarta9.9. Kuala LumpurKuala Lumpur10.10. SingaporeSingapore11.11. ShanghaiShanghai12.12. TokyoTokyo ParisParis
2,3982,3982,3472,3472,3272,3272,3022,3022,3012,3012,2702,2702,1842,1842,1752,1752,1522,1522,0562,0561,9581,9581,8641,8641,5611,561
88252513132727141420201010111117171414131316162626
Working hours and vacation days
Taxes and social security contributions
Taxes and SSTaxes and SSAs % of Gross As % of Gross
WageWage
1.1. ShanghaiShanghai2.2. SeoulSeoul3.3. TokyoTokyo4.4. SingaporeSingapore5.5. TaipeiTaipei6.6. ManilaManila7.7. Kuala LumpurKuala Lumpur8.8. MumbaiMumbai9.9. Hong KongHong Kong10.10. KarachiKarachi11.11. JakartaJakarta12.12. BangkokBangkok
2727252523232121171716161616131312121111101044
Source: Fortune Magazine, January 20, 2003Source: Fortune Magazine, January 20, 2003
““If we stay where we are, our cheese is going to be taken away.”If we stay where we are, our cheese is going to be taken away.”
- Lee Hsien Loong, Singapore’s Deputy prime minister on China- Lee Hsien Loong, Singapore’s Deputy prime minister on China
“ “China is the new reality. Anybody who thinks the economic China is the new reality. Anybody who thinks the economic models that worked for us in the 20 years before China was part models that worked for us in the 20 years before China was part of the world economy will work in the 20 years after – they’re just of the world economy will work in the 20 years after – they’re just dreaming.”dreaming.”
- Koh Boon Hwe, Chairman, Singapore’s Ariline- Koh Boon Hwe, Chairman, Singapore’s Ariline
Adjustments made by neighboring Asian countries to the new Adjustments made by neighboring Asian countries to the new reality:reality:
Taiwan:Taiwan:
Shipped its high tech industry to the mainland where Shipped its high tech industry to the mainland where labor is cheaplabor is cheap
Those who opted to stay engaged in importing lower-cost Those who opted to stay engaged in importing lower-cost workers from places like the Philippines.workers from places like the Philippines.
Japan:Japan:
Not just make things in China, they’re stepping up efforts Not just make things in China, they’re stepping up efforts to sell to China marketto sell to China market
Adjustments made by neighboring Asian countries to the new Adjustments made by neighboring Asian countries to the new reality:reality:
Singapore and Malaysia:Singapore and Malaysia:
Government planners try to climb to the value chain into Government planners try to climb to the value chain into knowledge-intensive industries like biotech, design, and knowledge-intensive industries like biotech, design, and software developmentsoftware development
Hongkong:Hongkong:
Officials bet a Disney theme park slated to open by 2006 Officials bet a Disney theme park slated to open by 2006 will boost tourism – an area already dominated by will boost tourism – an area already dominated by mainland Chinese especially now that quotas on how mainland Chinese especially now that quotas on how many can come into the territory have been scrapped.many can come into the territory have been scrapped.
Adjustments made by neighboring Asian countries to the new Adjustments made by neighboring Asian countries to the new reality:reality:
South Korea and Thailand:South Korea and Thailand:
To compensate weak US demand, they are redirecting To compensate weak US demand, they are redirecting exports to China and boosting sales to their consumers.exports to China and boosting sales to their consumers.
As a formidable rival (after five years since Asia’s financial As a formidable rival (after five years since Asia’s financial crisis):crisis): 7 to 8 percent annual growth rate7 to 8 percent annual growth rate
Export surged to 21% last year to $322 billion thereby Export surged to 21% last year to $322 billion thereby making it the largest exporter of goods to the US.making it the largest exporter of goods to the US.
Per UN estimate China took in about $50 billion in FDI’s Per UN estimate China took in about $50 billion in FDI’s – more than the rest of Asia combined– more than the rest of Asia combined
It is already the world’s dominant manufacturer of It is already the world’s dominant manufacturer of textiles, shoes and toystextiles, shoes and toys
It is also gaining swiftly in the production of computer It is also gaining swiftly in the production of computer components, telecommunication devises, and other components, telecommunication devises, and other electronic goods that have been a mainstay of growth in electronic goods that have been a mainstay of growth in many Asian economiesmany Asian economies
The Dongguan Heat:The Dongguan Heat:
An hour’s drive up the Pearl River from Hong KongAn hour’s drive up the Pearl River from Hong Kong
Decade ago, a patchwork of rice paddies and vegetable Decade ago, a patchwork of rice paddies and vegetable fieldsfields
Now a manufacturing megalopolis with more than 20,000 Now a manufacturing megalopolis with more than 20,000 factories and migrant army of 5.5 million peoplefactories and migrant army of 5.5 million people
Workers:Workers:
Make an average of $100 a monthMake an average of $100 a month
About 3 in 4 are women in the early 20sAbout 3 in 4 are women in the early 20s
Labor is plenty that there is no need for employees to Labor is plenty that there is no need for employees to trouble with applicants lacking perfect visiontrouble with applicants lacking perfect vision
Effect in Japan:Effect in Japan:
Sanyo launched a production at a $30 million Sanyo launched a production at a $30 million factory in Haier’s home in Qingdao to build factory in Haier’s home in Qingdao to build compressors for Haier’s refrigeratorscompressors for Haier’s refrigerators
September, Nissan dealt with Dongfeng Motor September, Nissan dealt with Dongfeng Motor Group & build up 900,000 cars and trucks a year in Group & build up 900,000 cars and trucks a year in China by 2010China by 2010
Toyota signed a deal with First Auto Works to build Toyota signed a deal with First Auto Works to build 400,000 cars400,000 cars
Philippines is being left behind. We need to work together to reverse this trend.
Role of Private sector: Main engine of economy, create investments and employment, increase productivity, create wealth.
Role of government: Create conducive environment for productivity.
DOLE initiatives
1. On developing capacity of informal sector and vulnerable workers
• Strengthen entrepreneurial capabilities
• Set-up demonstration projects
• Encourage employers’ assistance
2. On Employment
a. Modernizing the Labor Market Information System
• Strengthen coordination with LGUs
• Make PESOs main mechanism for employment services
• Make available alternative job search devices
b. Apprenticeship and Employment Program
DOLE initiatives
2. On Employment
a. Modernizing the Labor Market Information System
• Strengthen coordination with LGUs
• Make PESOs main mechanism for employment services
• Make available alternative job search devices
b. Apprenticeship and Employment Program
DOLE initiatives
3. On Workers’ Protection
a. Wage Fixing
b. New Labor Inspection Framework
• With 200 workers or more – Self Assessment Checklist
• With 10-199 workers – For Inspection
• With less than 10 workers – TAVs
DOLE initiatives
4. On Labor Relations
a. Industrial Relations Adjustments
b. Speedy resolution of cases
• Department Order No. 40-03
• Indexing of Labor Case Decisions/ Templating
• Arbitral Awards
DOLE initiatives
5. On Productivity Improvement
• WISE
• OSH
• ISTIV
DOLE initiatives
“Don’t merely do your best; do whatever is necessary to get the job done.”
Sir Winston Churchill
The National Wages and Productivity Commission (NWPC) and the Regional Tripartite Wages and Productivity Boards (RTWPBs) were created on July 1, 1989 with the enactment by the Philippine Congress of Republic Act 6727, also known as the “Wage Rationalization Act.”
The National Wages and Productivity Commission (NWPC) and the Regional Tripartite Wages and Productivity Boards (RTWPBs) were created on July 1, 1989 with the enactment by the Philippine Congress of Republic Act 6727, also known as the “Wage Rationalization Act.”
Fix minimum wages on regional, provincial, and/or industry levels
Promote productivity improvement and gainsharing
Fix minimum wages on regional, provincial, and/or industry levels
Promote productivity improvement and gainsharing
The NWPC and RTWPBs have the following major mandates:The NWPC and RTWPBs have the following major mandates:
R.A.R.A.67276727
To ensure a decent standard of living for workers and to improve their productivity
To ensure a decent standard of living for workers and to improve their productivity
The NWPC envisions a highly productive and justly compensated Filipino workforce
The NWPC envisions a highly productive and justly compensated Filipino workforce
OPERASYON
PAW S
PAPAGPAPATUPAD NGGPAPATUPAD NG
WWASTO ATASTO AT
IITINALAGANGTINALAGANG
SSAHODAHOD
PRODUCTIVITY AWARENESS PROGRAM
PRODUCTIVITY AWARENESS PROGRAM
Proactive Approach to Addressing Challenges
Department of Trade and Industry
Investment and Trade Promotion Structural Challenges
A.A. Integrating Philippine economy into the domestic Integrating Philippine economy into the domestic and global supply chain (geographically and source and global supply chain (geographically and source of income)of income)
B.B. Enabling SMEs to be competitiveEnabling SMEs to be competitive
C.C. Strengthening enforcement of competition and anti-Strengthening enforcement of competition and anti-trust policytrust policy
A. Integrating the Philippine Economy
1. Fix domestic trade linkages1. Fix domestic trade linkages• Intra-inter-province transportation system (e.g., Intra-inter-province transportation system (e.g.,
inter-island shipping, air transport, rail system)inter-island shipping, air transport, rail system)• Domestic telecom systemDomestic telecom system
2.2. Course/guide investments into the countrysideCourse/guide investments into the countryside• Reduce cost of doing business in rural areasReduce cost of doing business in rural areas• Improve efficiency of distribution channelsImprove efficiency of distribution channels• Strengthen rural finance systemStrengthen rural finance system
3. Pursue vigorously “clustering strategy”. To …
build competitiveness and productivitybuild competitiveness and productivity accelerate SME developmentaccelerate SME development disperse economic activities to the countrysidedisperse economic activities to the countryside
National clustersNational clusters:: Wood-basedWood-based - Microelectronics- Microelectronics Food-basedFood-based - Machinery / tool and die- Machinery / tool and die ICTICT
4.4. Maintain support for key intermediate industriesMaintain support for key intermediate industries• Packaging, Petrochemicals, Shipping, TelecomsPackaging, Petrochemicals, Shipping, Telecoms
A. Integrating the Philippine Economy
Priority Trade and Investment Areas
1) E-Services ( IT enabled services)1) E-Services ( IT enabled services) 2) Micro Electronics2) Micro Electronics 3) Motor Vehicle Parts and Components3) Motor Vehicle Parts and Components 4) Wearables4) Wearables 5) Home Furnishings5) Home Furnishings 6) Construction Materials6) Construction Materials 7) Giftware and Holiday decor7) Giftware and Holiday decor 8) Food Products8) Food Products 9) Marine Products9) Marine Products10) Organic and Natural Products10) Organic and Natural Products
B. Enabling SMEs to be Competitive
Financing/Micro-financingFinancing/Micro-financing E-BusinessE-Business Simplified business proceduresSimplified business procedures Improved business environmentImproved business environment Special initiatives (e.g., BIMP-EAGA, Subic-Clark Special initiatives (e.g., BIMP-EAGA, Subic-Clark
Area Development (SCAD), competitiveness Area Development (SCAD), competitiveness survey, National Business Registrysurvey, National Business Registry
C. Strengthening Enforcement ofCompetition and Anti-Trust Policy
National and comprehensive competition National and comprehensive competition policypolicy
Fair Trade CommissionFair Trade Commission
NEC Telecom Software Phils: software for network and telecom management systems
JGC Phils: engineering, procurement, construction management services
APTi (Toshiba): firmware and device drivers
Fujitsu: application software and middleware
Canon Information Technologies Phils. Inc.:
computer hardware design and proto typing
Tsukiden Group: Computer Software LSI Design, R&D
Japanese firms outsourcing in RP
U.S. firms outsourcing in RP
America-On-Line: technical and billing support
Arthur Andersen: custom software
Barnes & Noble: inventory management; on-line purchases
Bechtel: Engineering design
Caltex: finance & accounting support
Citibank: systems development & support
Fluor Daniel: regional design work
James Martin: software development
Procter & Gamble: accounting services
European firms outsourcing in RP
Societe Generale de Surveillance (Swiss): data processing
International Red Cross (Swiss): business process outsourcing
Alitalia (Italian): business process outsourcing
MEDIUM TERM PHILIPPINE DEVELOPMENT PLAN
2004-2010
National Economic and Development AuthorityNational Economic and Development Authority
THE BASIC TASKSTHE BASIC TASKS
“The basic task of our Medium-Term Philippine Development Plan for 2004-2010 is to fight poverty and build prosperity for the greatest number of Filipino people. We must open up economic opportunities, maintain socio-political stability, and promote good stewardship --- all to ensure a better quality of life for all our citizens. We will focus on strategic measures and activities that will spur economic growth and create jobs. This can only be done with a common purpose to put our economic house back in working order.”
-President Gloria Macapagal-Arroyo
Economic Growth & Job Creation
EnergySocial Justice &
Basic NeedsEducation & Youth
OpportunityAnti-Corruption &Good Governance
Fight poverty and build prosperityfor the greatest number
Trade & Investment
Agribusiness
Environment & Natural Resources
Housing Construction
TourismInfrastructure
Fiscal Strength
The Financial Sector
Labor
Energy Independence
Power Sector Reforms
Responding to BasicNeeds of the Poor
National Harmony:Automated Elections
National Harmony:The Peace Process
National Harmony:Healing the Wounds of EDSA
Basic Needs:Peace and Order
Rule of Law
Education
Science &Technology
Anti-Corruption
Bureaucratic Reforms
Culture
Responsive Foreign Policy
Constitutional Reforms
Defense AgainstThreats to National Security
THE BASIC TASKSTHE BASIC TASKS
(10-Point Agenda)(10-Point Agenda)
1. Creation of ten million jobs (including support for 3 million entrepreneurs and development of 2 million new agribusiness land)
2. Education for all of school age (including putting a computer in every high school)
3. Budget Balance4. Decentralization of development through
network of transport and digital infrastructure5. Power and water supply throughout the country6. Decongestion of Metro Manila7. Development of Clark and Subic as the most
competitive service and logistics center in Southeast Asian region
8. Automated elections9. Peace to Mindanao and all insurgency areas 10. Just closure of divisive issues from EDSA 1,2 and
3
1/ Emerging forecast is 6.2 % for 2004. The inflation target for 2 005 has also been revised upwards to 5-6 percent.2/ Preliminary
20042004 20052005 20062006 20072007 20082008 20092009 20102010GDP Growth (%)GDP Growth (%) 4.9-5.8 4.9-5.8
1/1/
5.3-6.35.3-6.3 6.3-7.36.3-7.3 6.5-7.56.5-7.5 6.8-7.86.8-7.8 7.0-8.07.0-8.0 7.0-8.07.0-8.0
Investment-to-GDPInvestment-to-GDP// 20.120.1 20.320.3 21.421.4 22.522.5 24.124.1 25.825.8 27.727.7Exports of goods and Exports of goods and services ($Bn)services ($Bn)
43.143.1 47.447.4 52.352.3 58.258.2 65.465.4 74.374.3 84.384.3
NG Deficit/GDPNG Deficit/GDP (4.2)(4.2) (3.6)(3.6) (2.9)(2.9) (2.0)(2.0) (1.1)(1.1) (0.2)(0.2) 0.00.0CPSD/GDP CPSD/GDP 2/2/ 6.76.7 6.06.0 5.35.3 4.64.6 3.93.9 3.03.0 1.01.0Inflation (%) Inflation (%) 1/1/ 4.0-5.04.0-5.0 4.0-5.04.0-5.0 4.0-5.04.0-5.0 3.0-4.03.0-4.0 3.0-4.03.0-4.0 3.0-4.03.0-4.0 3.0-4.03.0-4.0
THE MACROECONOMYMACROECONOMIC TARGETS
1/ Average of January, April, July 2004 surveys2/ Fighting target is to reduce poverty incidence by half from 28.41% in 2000 (34% based
on population). Poverty incidence targets are based on population growth forecast of 1.93% in 2005-2010and 2.11 in 2000-2005 from 2.34 % in 2000-2005
20042004 20052005 20062006 20072007 20082008 20092009 20102010
Net Job CreationNet Job Creation
(in thousand) (in thousand) 1/1/12401240 1029-1029-12561256 1263-1263-15271527 1380-1380-16691669 1502-1502-18211821 1594-1594-19451945 1695-1695-20812081
AgricultureAgriculture 203203 290-290-331331 298-298-340340 297-297-342342 309-309-355355 321-321-370370 320-320-371371
IndustryIndustry 234234 174-174-212212 249- 249- 291291 265-265-312312 299-299-351351 333-333-391391 366-366-431431
ServicesServices 803803 565-565-713713 717- 717- 896896 818-818-10161016 894-894-11141114 941-941-11841184 1009-1009-12791279
Unemployment Rate Unemployment Rate (%) (%) 1/1/ 12.112.1 11.911.9 11.611.6 11.111.1 10.410.4 9.79.7 8.98.9
Poverty IncidencePoverty Incidence
(% of Families) (% of Families) 2/2/25.6925.69 24.3524.35 22.9322.93 21.6121.61 20.3120.31 19.0419.04 17.8817.88
Subsistence IncidenceSubsistence Incidence 14.9514.95 14.1014.10 13.4213.42 12.8712.87 12.3112.31 11.7611.76 11.3011.30
THE MACROECONOMYTHE MACROECONOMYMACROECONOMIC TARGETSMACROECONOMIC TARGETS
MDGs are also likely to be ahieved with the successful implementation of the Plan.
References :
www.tesda.gov.ph/services1/issue18.aspwww.dlsu.edu.ph/research/centers/cberd/ pdf/bus_focus/2005www.dlsu.edu.ph/research/centers/cberd/ pdf/bus_focus/2005www.dole.gov.ph/news/details.aspwww.dole.gov.ph/news/details.aspwww.dap.edu.ph/mnaap/mnaap.phpwww.dap.edu.ph/mnaap/mnaap.phpwww.neda.gov.ph/ads/mtpdp/MTPDP2004-2010/ www.neda.gov.ph/ads/mtpdp/MTPDP2004-2010/ PDF/MTPDP%202004-PDF/MTPDP%202004-www.upd.edu.ph/solair/pjlir.htmwww.upd.edu.ph/solair/pjlir.htmwww.sunstar.com.ph/economicforum/ pernia_presentation.pdfwww.sunstar.com.ph/economicforum/ pernia_presentation.pdfwww.dti.gov.ph/contentment/66/67/234.jspwww.dti.gov.ph/contentment/66/67/234.jspwww.policy.aim.edu.ph/downloads/www.policy.aim.edu.ph/downloads/
