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Economics

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Jun 11, 2024

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Philippines Labor Force Size and Qualification The labor force in the Philippines is extensive, with approximately 45 million people actively participating in the economy (Philippine Statistics Authority, n.d.). Educational qualifications vary, with many secondary or higher education workers contributing to a diverse workforce regarding skills and abilities (Philippine Statistics Authority, n.d.). Unemployment Rate The unemployment rate in the Philippines has varied, but recently, it has been around 8% (Philippine Statistics Authority, n.d.). Inflation Rate Inflation in the Philippines has been moderate, with annual rates remaining around 3-4%, reflecting the country's relative economic stability (Bangko et al.). Level of Infrastructure Development, Roads, Transportation Routes, Modes of Transportation, Energy The Philippines has seen continued development in its transportation infrastructure, with significant investments in roads, transportation routes, and varied transportation modes, including improvements to ports and airports (Asian Development Bank, 2023).
Philippines Channels of Distribution (Macro Analysis) Middlemen, Types of Middlemen, Services Offered The Philippines' distribution channels are diverse, with a network of wholesalers, retailers, and regional distributors that facilitate the efficient distribution of products across the archipelago (Euromonitor International, 2023). Availability, Types, Costs, Ownership of TV Sets, Radio, Newspaper Readership Media in the Philippines is widely accessible, with various options, including television, radio, and newspapers. Advertising costs and ownership of televisions, radios, and newspapers indicate the reach and influence of the media in the country (Nielsen et al.). Relevant Hofstede Dimensions Collectivism vs. Individualism The Philippines is generally considered a collectivist society, strongly emphasizing family, group, and community as fundamental social units (Hofstede et al.). Power Distance The Philippines has a high-power distance, meaning there is a clear and respected hierarchy in society, with greater deference to elders and authority (Hofstede et al.). Important Social Institutions
Philippines Family Dynamics The family in the Philippines is often extended, with close family ties and a strong influence of parents in their children's lives. Gender roles traditionally assign women domestic and caring responsibilities, while men are often considered the primary providers (Euromonitor International, 2023). Level of Education and Literacy Rates The educational level in the Philippines has been improving, with a literacy rate of about 97.5% among adults (Philippine Statistics Authority, n.d.). Languages The Philippines has two official languages: Filipino (based on Tagalog) and English. Numerous regional dialects are spoken throughout the country, reflecting cultural diversity (Nielsen et al.). Ethnic diversity The Philippines is ethnically diverse, with a mix of different ethnic groups. There are no formal castes, but there are historical and cultural influences that have shaped Philippine society in unique ways (Asian Development Bank, 2023). Religion
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Philippines The Philippines is predominantly Roman Catholic, with about 80% of the population following Catholicism (Pew Research Center, 2021). There is also a significant Muslim minority, comprising approximately 5-10% of the population (Pew Research Center, 2021). Religion is essential in Filipinos' daily lives, influencing cultural practices, values, and festivities (Pew Research Center, 2021). Although there are some tensions between different religious groups, the Philippines has generally been known for its religious tolerance (Pew Research Center, 2021). Overall Modernity vs. Tradition Philippine society is a mix of Modernity and tradition. While urban areas show a substantial influx of modernization and globalization, rural areas still maintain traditional cultural practices and values (Asian Development Bank, 2023). Recreation, Sports, and Leisure Activities In the Philippines, leisure activities include sports such as basketball, boxing, and volleyball and recreational activities such as cultural festivals, beach trips, and shopping (Euromonitor International, 2023). There is no specific data on the percentage of income spent on leisure, but leisure activities are an essential part of Filipinos' social lives (Euromonitor International, 2023). Housing
Philippines Most people in the Philippines live in owned or rented homes in urban and rural areas. The cost of housing varies significantly depending on the area's location and level of development (Philippine Statistics Authority, n.d.). There is no specific data on the percentage of income spent on housing, but it is a significant expense for Filipinos (Philippine Statistics Authority, n.d.).
Philippines References Asian Development Bank. (2023, June 30). ADB approves landmark $1 billion loan to support low-carbon public transport in the Philippines . https://www.adb.org/news/adb-approves- landmark-1-billion-loan-support-low-carbon-public-transport- philippines#:~:text=MANILA%2C%20PHILIPPINES%20(29%20June%202023,to %20reduce%20greenhouse%20gases%20and Bangko Sentral ng Pilipinas Statistics - BSP key rates . Bangko Sentral ng Pilipinas. (n.d.). https://www.bsp.gov.ph/SitePages/Statistics/KeyRates.aspx Retail in the Philippines . Euromonitor. (2024, February). https://www.euromonitor.com/retail-in- the-philippines/report Navigating Media Disruption in the Philippines with “always-on” cross-platform measurement . Nielsen. (2022, July 21). https://www.nielsen.com/insights/2021/navigating-media- disruption-in-the-philippines-with-always-on-cross-platform-measurement/ Labor Force Survey | Philippine Statistics Authority | Republic of the Philippines . Philippine Statistics Authority. (2024, June 6). https://psa.gov.ph/statistics/labor-force-survey
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Philippines Asian Development Bank. (2023). Philippines: Transport . Retrieved from https://www.adb.org/countries/philippines/transport Bangko Sentral ng Pilipinas. (n.d.). Inflation Rate . Retrieved from https://www.bsp.gov.ph/statistics/spei_new/tab1_inf.htm Euromonitor International. (2023). Retailing in the Philippines . Retrieved from https://www.euromonitor.com/retailing-in-the-philippines/report Nielsen Media. (n.d.). Philippines Media Landscape . Retrieved from https://www.nielsen.com/ph/en Philippine Statistics Authority. (n.d.). Labor Force Survey (LFS) . Retrieved from https://psa.gov.ph/lfs Hofstede Insights. (n.d.). Country Comparison: Philippines . Retrieved from https://www.hofstede-insights.com/country-comparison/philippines/ Pew Research Center. (2022). Religious Composition by Country, 2020-2050 . Retrieved from https://www.pewforum.org/2022/05/02/religious-composition-by-country-2020-2050