What are the three major sectors of the Philippine economy?

What are the economic sectors in the Philippines?

Economy of the Philippines

GDP by sector Agriculture: 7.4% Industry: 34% Services: 58.6% (2018)
Inflation (CPI) 4.5% (April 2021 est.)
Population below poverty line 16.6% below poverty line (2018) 17.0% on less than $3.20/day (2018)
Gini coefficient 42.7 medium (2018, PSA)

How many sectors are there in the Philippines?

Infographic: The Philippines – 4 sectors to watch.

What are the major sectors of the economy?

The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and service industries which exist to facilitate the transport, distribution and sale of goods produced in the secondary sector (tertiary).

What are 3 major industries?

Major industries

  • Agriculture.
  • Manufacturing.
  • Services.

What are the main sectors?

The main sectors of the economy are: Primary sector – extraction of raw materials – mining, fishing and agriculture. Secondary / manufacturing sector – concerned with producing finished goods, e.g. Construction sector, manufacturing and utilities, e.g. electricity.

What is the most important sector?

Top Performing Sectors of Indian Economy

  • Agricultural Sector: One of the most important sectors of the Indian economy remains Agriculture. …
  • Industry Sector: Another important part of the Indian economy is the Industry sector. …
  • Services Sector: …
  • Food Processing: …
  • Manufacturing Sector:
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Is Philippines richer than India?

Philippines has a GDP per capita of $8,400 as of 2017, while in India, the GDP per capita is $7,200 as of 2017.

What are the 5 sectors?

Sectors of the Economy: Primary, Secondary, Tertiary, Quaternary and Quinary

  • Primary activities. …
  • Secondary activities. …
  • Tertiary activities. …
  • Quaternary activities. …
  • Quinary activities.