Table on growth rates & time periods
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The document compares GDP growth rates of progressive neighbors before their currencies appreciated to the Philippines' GDP growth. A table shows that on average it took these countries 23.88 years of 8.75% annual GDP growth before currency appreciation, while the Philippines has only exceeded 7% growth twice since 1978 despite a 25% peso appreciation since 2004.
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Table on growth rates & time periods
- 1. It took our progressive neighbors 18&up years of avg. 8.75% annual GDP growth before they allowed their currencies to appreciate, and the Philippines has managed to exceed 7% growth only 2x since 1978, while the peso has appreciated by some 25% since 2004... Here's the table that will form part of an article that will come out soon... Time Period and Average Annual GDP Growth Before Currency Appreciation No. of Avg. Annual Growth Period Years Rate 1980- China 25 9.79 2005 1969- Hong Kong 25 7.63 1994 1960- Korea, Rep. 26 7.90 1986 Indonesia 1960- Japan 20 10.44 1969 1979- Malaysia 18 7.46 1997 Philippines 1961- Singapore 11 10.29 1971 1960- Thailand 36 7.82 1996 Vietnam Taiwan 30 1952- 8.70 1982 Average 23.88 8.75