Among other factors, a country’s economic growth is propelled by sustainable agriculture, business, industrial and manufacturing activities, and increased productivity of the services sector. In the recent past (2015-2017), the Philippines attained 6 to 7 percent annual growth rate as reported by its Central Bank; but being an oil-importing country from which power is mostly generated, its economic expansion fluctuated in 2018 due to oil price increases.
Source:
Modernizing Government Regulations Program |
Click here to download
