What is difference between Economy of the Philippines vs economy of japan?

Answer 1

Mexico has an export-oriented economy, with foreign trade equivalent to US$464 billion (US$230 billion on exports, US$234 billion on imports) and much of its foreign trade has resulted from the many international trade agreements held with the rest of the the world. Mexico is the eleventh largest economy in the world in terms of purchasing-power-parity, with a GDP of US$1.47 trillion. It is also the eleventh in terms of population (111,211,789) and the seventeenth and sixteenth largest Importing and Exporting country worldwide. Mexico is also one of the countries with most trade agreements in the world, having 12 free trade agreements with over 40 countries including North and Central America, the European Free Trade Area and Japan, putting more than 90% of its trade under free trade agreements.

The Philippines, on the other hand, have an economy less dependent on exports. With a foreign trade equivalent to US$84 billion (US$38 billion on exports, US$46 billion on imports) the country is also strongly supported by large remittances from four-to five-million overseas Filipino workers. The Philippines are the 36th largest economy in the world, with a GDP of US$324 billion. It is also the twelfth most populated nation in the world (behind Mexico) with 97,976,603 inhabitants.

Answer 2

Economically Malaysia is just a wee bit richer than the Philippines. Well that if you consider Malaysia's more than 400% higher GDP per capita (nominal) than Philippines' figure as "a wee bit". (trollface)

Answer 3

This topic is an eye opener to all Filipino's who are not aware in our economy status. I recommend that we all have to participate and be an asset in our country. First we should have a job to lessen our country's liability. It makes my heart cry knowing that the country Japan's economy is rising while our country is still in the ground. Second, Our own government Is the reason of our off growing economy instead of giving those bucks to our people and for the sake of this poor country they'd keep it on their own pocket.