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Introduction

Philippine’s biggest economy contributors for year 2014 is mostly taken up by Services sectors with 57.4% contribution to the economy gross domestic product (GDP) (Central Intelligence Agency, 2014). Services that contributed to this high percentage comes from mainly repair of motor vehicles, household goods, trades, real estate, rents and businesses for transportation, storage and communication, public administration, defence forces, finances services and social security (Philippine Statistics Authority, 2015). Industry sectors contributes 31.2% of the total GPD (Central Intelligence Agency, 2014), which contains manufacturing, construction, mining and production, and power production (Advameg, Inc, 2015). The leftover of 11.3% of the total GDP came from Agriculture (Central Intelligence Agency, 2014).
Many years ago, Agriculture was once the main contributor to Philippines’s GDP. However in the last ten years there is an increase in other industries like production for apparels, ship building, electronics and semiconductors. Primary exports of Philippines are mainly conductors and electronic merchandise, transportation tools, garments, copper merchandise, crude oil merchandise, coconut oil, and fruits. Having major importers like China (23%), Japan (13%), United States (12%), Hong Kong (9.8%), and Singapore (5.4%), Philippines can potentially benefit from them by having almost the same GDP growth if these countries that Philippines exports significantly to are holding strong GDP growth as well (Alexander Simoes, 2015).
Over the years, the rise in number of Filipinos working overseas have significantly boasted their country GDP growth (BANYAN, 2010). The Philippines was recently being seen as a newly industrialised country and rank at number 40 in terms of the largest economy within the world and is among

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