Philippines Economy

The Philippine economy with a population of 91.98 Million (Est 2009) ranks 36th in the world with a GDP PPP of 320 billion and GDP PPP per capita of 3,516 vs 45,934 (United States) according to the IMF in 2009. Its currency is the Philippine Peso (₱) (PHP) . Bank deposits held for a fixed term in the Philippines are called time deposits. According to its inflation was 9.3% in 2008 and 3.3% in 2009.