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Philippine Economic Structure

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Tips:Economic StructureAgriculturePhilippines is an agricultural country, agricultural population occupies total population 2
Economic Structure
Philippines is an agricultural country, agricultural population occupies total population 2 / 3 above, 40% of the labor force by agriculture. Agricultural output value accounted for 18.9% of GDP, accounted for 20% of the country's GDP. It is an important composition Philippines's economy. The main production of rice, corn, coconut, sugarcane, banana, pineapple, mango, pork, eggs, beef and other agricultural products. Coconut, sugar cane, hemp and tobacco is Philippines's four economic crops. Philippines is rich in coconut, banana, mango, pineapple, amone them the production of coconut and export of coconut volume all occupy world total output and export volume six into above.
Service Industry
The service industry has a major position in the national economy, its output value accounted for around 52% of GDP. In recent years, the service industry output growth year after year.
Tourism is one of the important sources of the Philippine foreign exchange earnings, the main tourist attractions are: Pagsanjan, blue harbour, Baguio City, Mayon volcano, Ifugao original terraced fields and so on.
It’s very rich in aquatic resources.There are more than 2400 varieties of fish, The resources in tuna leap into the front ranks of the world. Since 1960s, the government started to attach importance to the development of fishery, once it has become the second large fishery in Southeast Asia. Now it has both seawater and freshwater fisheries area in 2080 square kilometers. Philippines, is one of the few countries have a stable yield in alage . In recent decades, with the development of seaweed farming technology and the Philippine’s supportive policy, Philippines’ seaweed industry develop from nothing and has developed into a main industry which a significant contribution in foreign exchange-earning, increasing employment and poverty reduction. In 2003 the output of seaweed production is 127700 tons, which is twice as much as 1988’s and become the world's fifth largest seaweed supply country and the second large export of aquatic products in Philippines.
  The main mineral resources are gold, silver, copper, iron, chromium, nickel and so on which are more than 20 kinds. Copper reserves of about 37.16 tons, 1.36 tons of gold, 1.27 tons of nickel.
It is rich in geothermal resources, there are an estimated 20.9 billion barrels of crude oil standard energy. Since 1976 the discovery of oil in the northwest area of Palawan Island which has a storage capacity of 3.5 billion barrels.
  It is also rich in forest resources,which have wood, camphor wood and other valuable timber, It has 12500000 hectares, coverage is about 40%. Due to there is no long-term plans to cut down, the forest area reduced year by year.

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