What Is Philippines' Main Source Of Income?


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d ds Profile
d ds answered
The income (GDP) of Philippines is $327.2 billion and 53.7% of this income is generated form the services sector which means that it is the main source of income for the country. 31.6% of the income comes form the industrial sector while the remaining 14.7% comes from the agricultural sector. In the services sector, the main source of income is the outsourcing of call centers and it is the second largest call center outsourcing station after India in the Asia pacific region. Business process outsourcing generates a lot of income for Philippines. In the industrial sector, the main source of income is electronic assembly, automotive manufacturing plants, footwear and garments. In the agricultural sector, Philippines earn most of the income by selling coconut, rice, sugarcane, bananas and pineapples.
Pragyan Prabha Profile
Pragyan Prabha answered

Here is the list of industry which is the main source of income in the Philippines:

1.  BPO: Business Process Outsourcing sector is contributing to a great source of income in the Philippines. More than one million people living there are employed by BPO’’s and it's estimated that there will be more new jobs will be created in this sector next year. 

2.  Engineering Jobs: With the effect of technology, there has been seen a rapid increase in this form of jobs. Any candidate looking for jobs in Computer Science Engineering, Electrical Engineering, Electronics & Communication Engineering, Design Engineering, Project Engineering or many others can simply visit the job portal of Monster Philippines.

3.  Sales: This job is highly required in the Philippines because of its major organization focusing their products and services to reach the clients and thus boosts the sales prospect.

Anonymous Profile
Anonymous answered
Discuss the different source of income in the philippines. What measure would you suggest to be done that these sources will be collected and utilized effectively?
Anonymous Profile
Anonymous answered

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