By: Ricardo Geralde
The Gross Domestic Product (GDP) in Philippines was worth 250.27 billion US dollars in 2012. The GDP value of Philippines represents 0.40 percent of the world economy. GDP in Philippines is reported by the The World Bank. From 1960 until 2012, Philippines GDP averaged 56.1 USD Billion reaching an all time high of 250.3 USD Billion in December of 2012 and a record low of 4.4 USD Billion in December of 1962. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
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