Friday, 5 October 2007

The Phillipines needs a boost!

The Philippines is lagging behind other members of the Association of Southeast Asian Nations (Asean) in terms of productivity (GDP / employee) ... but worse, the Asean itself is way behind the rest of Asia and the developed world in productivity.

Labour productivity in Southeast Asia has become stagnant compared to the rest of Asia according to a recent report from the International Labor Organization (ILO).

The report measured output per employed person in Southeast Asia at an average annual increase of 1.6 percent only between 1996 and 2006. It showed that Singapore is the most productive country in the Asean with its US$47,975 of value added by each person employed followed by Malaysia's US$22,112, Thailand's US$13,915, Indonesia's US$9,022 and the Philippines' US$7,271.

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