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Concurrently, the labor force of the Philippines grew at an average 10.47 percent in 1970–1983. [72] This can be attributed to an increasing number of women seeking work in the market. Income inequality grew during the era of martial law, as the poorest 60 percent of the nation were able to contribute only 22.5 percent of the income in 1980 ...
← 1957 1956 1955 1958 in the Philippines → 1959 1960 1961 Decades: 1930s 1940s 1950s 1960s 1970s See also: List of years in the Philippines films 1958 in the Philippines details events of note that happened in the Philippines in the year 1958. Incumbents President Carlos P. Garcia President: Carlos P. Garcia (Nacionalista Party) Vice President: Diosdado Macapagal (Liberal) Chief Justice ...
The OECD (Organization for Economic Co-operation and Development) dataset contains data on average annual wages for full-time and full-year equivalent employees in the total economy. Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of ...
This is the map and list of Asian countries by monthly average wage (annual divided by 12 months) gross and net income (after taxes) average wages for full-time employees in their local currency and in US Dollar. The chart below reflects the average (mean) wage as reported by various data providers.
Full Employment, Basic Income, and Economic Democracy' (2018) SSRN, part 2(1) RD Gabriel, 'Monetary Policy and the Wage Inflation-Unemployment Tradeoff' (2021) A. W. Phillips, ‘The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom 1861–1957’ (1958) 25 Economica 283; Qin, Duo (2011).
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According to World Bank data, the Philippines' gross domestic product (GDP) quadrupled from $8 billion in 1972 to $32.45 billion in 1980, for an inflation-adjusted average growth rate of 6% per year. [40] Indeed, according to the U.S.-based Heritage Foundation, the Philippines enjoyed its best economic development since 1945 between 1972 and 1980.
The external debt of the Philippines rose more than 70-fold from $360 million in 1962 to US$2.3 billion in 1970 to US$17.2 billion in 1980 to $26.2 billion in 1985, [21] leaving the Philippines one of Asia's most indebted nations. [8] At the end of 1979, the ratio of debt to GDP was about the same as South Korea. [11]