| Table
A.1 |
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| MACROECONOMIC
ASSUMPTIONS, 1998 - 2002 |
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| Particulars |
Actual |
Targets |
| 1998 |
1999 |
2000 |
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2001 |
2002 |
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| Nominal GNP (PB) low
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2,802.1 |
3,136.2 |
3,491.1 |
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3,840.3 |
4,219.3 |
| high |
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3,897.1 |
4,344.8 |
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| Real Growth GNP (%) |
0.4 |
3.7 |
4.5 |
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3.8 - 4.3 |
4.6 - 5.2 |
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| Nominal GDP (PB) low |
2,665.1 |
2,976.9 |
3,302.6 |
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3,616.5 |
3,960.1 |
| high |
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3,669.1 |
4,075.9 |
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| Real Growth GDP (%) |
(0.6) |
3.3 |
4.0 |
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3.3 - 3.8 |
4.3 - 4.8 |
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| Sectoral Growth Rates(%)
a/ |
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Agri.,Fishery&Forestry |
6.0 |
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3.3 |
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2.5 - 3.3 |
2.7 - 3.6 |
| Industry |
0.9 |
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3.9 |
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1.8 - 2.3 |
4.2 - 4.6 |
| Services |
4.1 |
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4.4 |
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4.8 - 5.2 |
5.0 - 5.4 |
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| Inflation, CPI (1994=100) |
9.8 |
6.6 |
4.4 |
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6.0 - 7.0 |
5.0 - 6.0 |
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| 91-Day T-Bill Rate
(%) /a |
15.3 |
10.2 |
9.9 |
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11.0 - 12.0 |
10.0 - 11.0 |
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| Exchange Rate (P:$) /a |
40.89 |
39.09 |
44.19 |
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49.00 - 50.00 |
50.00 - 51.00 |
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| LIBOR Rate, 6 Months |
5.6 |
5.5 |
6.6 |
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4.5 |
4.3 |
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| Oil Price (US$/Barrel) |
16.63 |
16.31 |
27.89 |
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27.31 |
24.09 |
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| Exports (US$M) |
29,496 |
34,210 |
37,295 |
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37,671 |
39,931 |
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Growth of Exports (%) |
16.9 |
16.0 |
9.0 |
#### |
1.0 |
6.0 |
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| Imports (US$M) |
29,524 |
29,252 |
30,380 |
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31,362 |
33,557 |
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Growth of Imports (%) |
(18.8) |
(0.9) |
3.9 |
#### |
3.2 |
7.0 |
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| Current Account
Balance (US$M) |
6,976 |
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9,349.0 |
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8,280.0 |
7,730.0 |
| As Percent of GNP |
8.5 |
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11.8 |
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10.6 |
9.2 |
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| Current Account Balance
(US$M) |
1,546 |
7,648 |
9,349 |
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8,280 |
7,730 |
| Percent of GDP (%) |
2.4 |
10.0 |
12.4 |
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11.2 |
9.8 |
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| Gross International
Reserves (US$M) |
10,806 |
15,107 |
15,024 |
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14,000 |
15,052 |
| Equivalent Months of Imports |
3.1 |
4.4 |
4.4 |
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4.0 |
4.0 |
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| Population Growth Rate
(%) |
2.23 |
2.18 |
2.14 |
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2.07 |
2.02 |
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| Sources: NEDA, BSP, NSO,
NSCB |
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| Memo Item: |
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| /a Average for the year |
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| Memo Items: |
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| a/ NEDA's
projections as of June 9, 2001 for 2001-2002. |
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| b/ Projections
based on IMF's World Economic Outlook (May 2001). |
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| c/ Revised
projections from 2002 based on WEO.
For 2001, based on actual prices Jan-April(NSO), |
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| May-June(DOE), July-Dec(Asian Wall Street
Journal) |
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| d/ based on
BSP's BMP5 model, net of returned goods. |
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| 12-Jul-01 |
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