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COLLEGE OF BUSINESS
ADMINISTRATION AND ACCOUNTANCY
ECONOMIC
DEVELOPMENT
FINAL OUTPUT
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TABLE OF CONTENTS:
De La Salle University - Dasmariñas
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INTRODUCTION
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DEVELOPED COUNTRY
SWITZERLAND
INFLATION RATE-column
UNEMPLOYMRNT RATE-spline
EXTERNAL DEBT-column
BUDGET DEFICIT-column
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JAPAN
GROSS DOMESTIC PRODUCT 9GDP)
In January, the Consumer Price Index CPI remained unchanged from 101.50 Index
Points in December 2018 at 101.50 Index Points. In Japan, the CPI Consumer Price
Index averaged 71.94 Index Points from 1957 to 2019, reaching an all-time high of
102 Index Points in October 2018 and a record low of 17.40 Index Points in
February 1957.
INFLATION RATE
In January 2019, Japan’s consumer price inflation inched lower 0.2 percent year-
on-year from 0.3 percent in the previous month and in line with market
expectations. It was the lowest rate of inflation since October 2017, with further
declines in food, transportation and housing prices. Consumer prices rose in
January monthly by 0.3 percent, following a decrease of 0.2 percent in December
and marking the first monthly increase in three months. Japan’s inflation averaged
2.98 percent from 1958 to 2019, reaching an all time high of 24.90 percent in
February 1974 and a record low of -2.50 percent in October 2009.
UNEMPLOYMENT RATE
Exports from Japan declined 8.4 percent year-on-year to JPY 5.57 trillion in
January 2019, worse than market consensus of a 5.5 percent drop and after an
upwardly revised 3.9 percent decrease in December. It has been the steepest decline
in outbound shipments since October 2016, in the midst of weakening global
demand and continuing trade dispute between China and the US. Sales fell for:
transportation equipment (-5.9 pct), namely motor vehicle parts (-3.7 pct);
machinery (-10.7 pct); electrical equipment (-8 pct); others (-14.6 pct); chemicals
(-4.2 pct); and manufactured goods (-11 pct). Exports fell to Asia (-13.1 pct),
notably China (-17.4 pct), South Korea (-11.6 pct), Taiwan (-11 pct), and Hong
Kong (-21.2 pct). Exports also fell to Australia (-18.7 pct); Western Europe (-6.6
pct), especially Germany (-3.3 pct), the United Kingdom (-11 pct) and the
Netherlands (-7 pct); and Middle East (-13.2 pct), namely Saudi Arabia (-14.2 pct).
Exports to the US, on the other hand, grew by 6.8 pct. Exports to Japan averaged
JPY Billion 3348.47 from 1963 to 2019, reaching an all-time high of JPY Billion
7681.69 in March 2008 and a record low of JPY Billion 105.08 in January 1963.
Imports to Japan dropped from a year earlier to JPY 6.99 trillion in January 2019
by 0.6 percent, lower than market expectations of a 2.8 percent decline and a 1.9
percent increase in December. Mineral fuels (-2 pct), i.e. petroleum(-10.3 pct);
electrical machinery (-1.5 pct), in particular telephony, telegraphy (-5.1 pct); and
raw materials (-10 pct), i.e. nonferrous ore(-18.3 pct). Imports, on the other hand,
rose for: others (1 pct), of which clothing and accessories (6.1 pct); chemicals (2.5
pct), in particular medical products (9.8 pct); computer-led machinery (2.3 pct);
manufactured goods (1.2 pct); and transportation equipment (1 pct). Purchases from
Western Europe declined (-2.8 pct), particularly from Germany(-1.4 pct); and from
Italy (-8.5 pct); from the EU (-2.8 pct); from the Middle East(-12.3 pct), in
particular from Saudi Arabia (-5.3 pct). Imports, on the other hand, rose from Asia
(0.5 pct), including China (5.6 pct) and Taiwan (1.5 pct); and the US (7.7 pct).
Imports in Japan averaged JPY Billion 2991.92 between 1963 and 2019, reaching
an all-time high of JPY Billion 8047.03 in January 2014 and a record low of JPY
Billion 162.06 in January 1963.
EXTERNAL DEBT
BUDGET DEFICIT
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DEVELOPING COUNTRTY
COLOMBIA
GROSS DOMESTIC PRODUCT (GDP)
The Gross Domestic Product (GDP) in Colombia was worth 309.19 billion
US dollars in 2017. The GDP value of Colombia represents 0.50 percent of
the world economy. GDP in Colombia averaged 94.01 USD Billion from
1960 until 2017, reaching an all time high of 380.19 USD Billion in 2013
and a record low of 4 USD Billion in 1960.
INFLATION RATE
The annual inflation rate in Colombia fell to 3.01 percent in February 2019
from 3.15 percent in the prior month and below market expectations of 3.18
percent. It was the slowest inflation rate since September 2014. On a monthly
basis, consumer prices went up 0.57 percent, following a 0.60 percent
increase in December, and below market consensus of 0.74 percent. Notably,
prices for education climbed 4.48 percent on a monthly basis. Inflation Rate
in Colombia averaged 14.22 percent from 1955 until 2019, reaching an all
time high of 41.65 percent in June of 1977 and a record low of -0.87 percent
in July of 1955.
UNEMPLOYMENT RATE
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2018, reaching an all time high of 5.71 USD Billion in March of 2012 and a
record low of 0.02 USD Billion in December of 1963.
EXTERNAL DEBT
External Debt in Colombia increased to 131744.42 USD Million in
December from 130817.70 USD Million in November of 2018. External
Debt in Colombia averaged 68374.22 USD Million from 2001 until 2018,
reaching an all time high of 131744.42 USD Million in December of 2018
and a record low of 36431.04 USD Million in January of 2001.
BUDGET DEFICIT
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PHILIPPINES
GROSS DOMESTIC PRODUCT (GDP)
In February, the Consumer Price Index CPI increased from 119.10 Index Points in
January 2019 to 119.30 Index Points. In Philippines, the Consumer Price Index CPI
averaged 36.74 Index Points from 1957 to 2019, reaching an all-time high of 119.80
Index Points in October 2018 and a record low of 1 Index Points in February 1957.
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INFLATION RATE
In February 2019, the annual inflation rate of the Philippines fell to 3.8 percent
from 4.4 percent in the previous month and 4 percent below market expectations.
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Because of a slowdown in food, housing and transport costs, it was the lowest
inflation rate since February last year. Consumer prices rose in February on a
monthly basis by 0.1 percent, the same as in a month earlier, marking the second
straight month of rise. Inflation rate in the Philippines averaged 8.38% from 1958
to 2019, reaching an all-time high of 62.80% in September 1984 and a record low
of -2.10% in January 1959.
UNEMPLOYMENT RATE
The Philippine unemployment rate fell from 5.3 percent a year ago in the March
quarter of 2019 to 5.2 percent. The number of unemployed people dropped to 2.20
million by 118 thousand and the number of employed dropped to 41.37 million by
387 thousand. Meanwhile, the participation rate of the labor force declined from
62.2 percent to 60.2 percent. Workers in the services sector accounted for 58.1
percent of the total number of employed persons, followed by those in the
agricultural sector (22.1 percent) and industry (19.7 percent). The Philippines
unemployment rate averaged 8.34 percent from 1994 to 2019, reaching an all-time
high of 13.90 percent in the first quarter of 2000 and a record low of 4.70 percent
in the fourth quarter of 2016.
Exports from the Philippines declined by 1.7 percent in January 2019 to USD 5.28
billion, following a 12 percent decline revised downward in December, reaching
the third straight month of decline. Sales for electronic equipment and parts(-37.9
pct) decreased most, followed by metal components(-35.8 pct), gold(-33.3 pct),
machinery and transport equipment(-24.2 pct) and other goods (-15.3 pct). Sales of
electronic products, on the other hand, increased the top exports of the country by
1.7 percent. Exports also increased for: bananas (127.8 pct); cathodes & sections of
cathodes or refined copper (61.2 pct); ignition cable and other cable sets used in
vehicles, aircraft and ships (54.5 pct); and chemicals (5.4 pct). In Japan (-3. pct),
Hong Kong (-15.8 pct), and Singapore (-6.9 pct), exports fell. In contrast, sales rose
to the US (8.4 pct), China (2.3 pct) and the ASEAN (10 pct) countries. Exports in
the Philippines averaged USD 1616180.54 Thousand from 1957 to 2019, reaching
an all-time high of USD 6239050 in October 2018 and a record low of USD 23000
Thousand in October 1957.
EXTERNAL DEBT
BUDGET DEFICIT
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MALAYSIA
GROSS DOMESTIC PRODUCT (GDP)
The Gross Domestic Product (GDP) in Malaysia was worth 314.50 billion US dollars
in 2017. The GDP value of Malaysia represents 0.51 percent of the world economy.
GDP in Malaysia averaged 87.25 USD Billion from 1960 until 2017, reaching an all
time high of 338.06 USD Billion in 2014 and a record low of 1.90 USD Billion in 1961.
INFLATION RATE
UNEMPLOYMENT RATE
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Exports from Malaysia rose by 3.1 percent to MYR to MYR 85.4 billion in
January 2019, after a 4.8 percent rise in December and beating market
consensus of a 1.4 percent rise. Sales increased for: liquefied natural
gas/LNG (37.5 percent to MYR 5.2 billion); electrical & electronic products
(8.2 percent to MYR 34.3 billion), and timber and timber-based products (4.7
percent to 2.1 billion). By contrast, outbound shipments fell for: palm oil and
palm oil-based products (-17.3 percent to MYR 5.4 billion); and natural
rubber (-5.6 percent to MYR 275.1 million); refined petroleum products (-
29.9 percent to MYR 3.7 billion); crude petroleum (-1.1 percent to MYR 2.5
billion).Outbound shipments went up to China (9.1 percent); the US (9.4
percent); and Singapore (5.4 percent). Exports in Malaysia averaged
24225.83 MYR Million from 1970 until 2019, reaching an all time high of
96363.90 MYR Million in October of 2018 and a record low of 328.10 MYR
Million in February of 1970.
EXTERNAL DEBT
External Debt in Malaysia decreased to 924887.22 MYR Million in the
fourth quarter of 2018 from 947877.65 MYR Million in the third quarter of
2018. External Debt in Malaysia averaged 247988.33 MYR Million from
1990 until 2018, reaching an all time high of 947877.65 MYR Million in the
third quarter of 2018 and a record low of 9063 MYR Million in the second
quarter of 1997.
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BUDGET DEFICIT
Malaysia recorded a Government Budget deficit equal to 3 percent of the
country's Gross Domestic Product in 2017. Government Budget in Malaysia
averaged -2.97 percent of GDP from 1988 until 2017, reaching an all time
high of 2.40 percent of GDP in 1997 and a record low of -6.70 percent of
GDP in 2009.
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UNDERDEVELOPED COUNTRY
UGANDA
GROSS DOMESTIC PRODUCT (GDP)
The Gross Domestic Product (GDP) in Uganda was worth 25.89 billion US
dollars in 2017. The GDP value of Uganda represents 0.04 percent of the
world economy. GDP in Uganda averaged 6.91 USD Billion from 1960 until
2017, reaching an all-time high of 27.29 USD Billion in 2014 and a record
low of 0.42 USD Billion in 1960.
INFLATION RATE
The annual inflation rate in Uganda rose to 3.0 percent in February 2019 from
2.7 percent in the prior month, being the highest since November. Prices
remained elevated for transport (9.4% vs 9.5% in January) and climbed for
communication (21.4% vs 5.5%), namely telephone and telefax services
(28.7% vs 7%). Also, cost rose faster for miscellaneous goods services (5.2%
vs 3.9%) and restaurants & hotels (1.9% vs 1.8%). Meanwhile, prices
continued to decrease for food & non-alcoholic beverages (-1.4% vs -1.5%);
and they slowed for health (1.2% vs 1.7%); education (4.3% vs 4.4%);
clothing & footwear (4.5% vs 6.7%); furnishings (2.7% vs 4.3%) and
alcoholic beverages & tobacco (1.1% vs 1.2%). The annual core inflation,
which strips out volatile food and energy prices, also increased to 3.7 percent
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UNEMPLOYMENT RATE
The World Bank provides data for Uganda from 1991 to 2017. The average value for Uganda during
that period was 2.5 percent with a minumum of 0.92 percent in 1992 and a maximum of 4.16 percent
in 2009.
Exports from Uganda fell 14.5 percent year-on-year to USD 299.6 million in
January 2019, dragged down by lower shipments of coffee (-10.1 percent);
cotton (-39.6 percent); maize (-74.2 percent); beans (-88.7 percent) and hides
& skins (-40.7 percent) Exports in Uganda averaged 131.65 USD Million
from 1993 until 2019, reaching an all time high of 371.98 USD Million in
June of 2017 and a record low of 12.39 USD Million in July of 1993.
EXTERNAL DEBT
External Debt, total in Uganda was reported at 5452600832 in 1990,
according to the World Bank collection of development indicators, compiled
from officially recognized sources.
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BUDGET DEFICIT
Uganda recorded a Government Budget deficit equal to 3.30 percent of the
country's Gross Domestic Product in 2017. Government Budget in Uganda
averaged -2.66 percent of GDP from 1999 until 2017, reaching an all-time
high of -0.77 percent of GDP in 2005 and a record low of -4.80 percent of
GDP in 2015.
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COMOROS
GROSS DOMESTIC PRODUCT (GDP)
The Gross Domestic Product (GDP) in Comoros was worth 0.65 billion US
dollars in 2017. The GDP value of Comoros represents less than 0.01 percent
of the world economy. GDP in Comoros averaged 0.32 USD Billion from
1980 until 2017, reaching an all time high of 0.65 USD Billion in 2014 and
a record low of 0.11 USD Billion in 1981.
INFLATION RATE
The inflation rate in Comoros was recorded at 1.70 percent in 2018. Inflation
Rate in Comoros averaged 2.86 percent from 2001 until 2018, reaching an
all time high of 11.70 percent in 2012 and a record low of -3.40 percent in
2014.
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UNEMPLOYMENT RATE
Imports in Comoros increased to 109836 KMF Million in 2017 from 97546 KMF
Million in 2016. Imports in Comoros averaged 55400.41 KMF Million from 1996 until
2017, reaching an all time high of 109836 KMF Million in 2017 and a record low of
22241 KMF Million in 1998.
EXTERNAL DEBT
Debt service on external debt, total (TDS, current US$) in Comoros was
reported at 6305000 in 2016, according to the World Bank collection of
development indicators, compiled from officially recognized sources.
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BUDGET DEFICIT
INFLATION RATE
UNEMPLOYMENT RATE
EXPORT
IMPORT
COLLEGE OF BUSINESS
EXTERNAL DEBT
ADMINISTRATION AND ACCOUNTANCY
BUDGET DEFICIT
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Data Sources:
World Bank national accounts data, and OECD National Accounts data files
https://tradingeconomics.com
https://www.theglobaleconomy.com
www.statista.com
https://wits.worldbank.org/CountryProfile/en/MYS
https://www.economy.com/comoros/consumer-price-index-cpi