PH Ranked 5th Biggest in Asean as of End-2013
The Philippines emerged as the fifth biggest economy among the 10-member states of the Association of Southeast Nations in 2013, based on the country’s gross domestic product (GDP) at current prices which stood at $269 billion, data from the Asean showed.
In terms of international merchandise trade and foreign direct investment inflow, the Philippines ranked sixth in Asean neighbors, after generating a total trade of $119.1 billion and attracting $3.86 billion worth of investments last year, statistics further disclosed.
According to data from the Asean, Indonesia emerged as the biggest economy in the region, with $863 billion (measured in terms of GDP at current prices), followed by Thailand at $388 billion; Malaysia with $312 billion; and Singapore $297.9 billion.
Source: Philippine Daily Inquirer