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Manila, the third biggest metropolitan area in the world, with 25 million residents in 2016, is the economic powerhouse of the Philippines. In 2016, the city generated a GDP of USD141 billion, accounting for 47% of the national total. The city faces numerous social and economic problems, in particular low levels of disposable income and poor quality housing.
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Manila is the economic leader of the Philippines and in 2016 posted over 164% greater labour productivity levels (GVA per employee) when compared with the remaining parts of the country. The city derives its superiority from the prominence of high value-added jobs in business services (27% of the total GVA share came from business services in 2016, versus 16% in the rest of the country).
The economic superiority of Manila resulted in its disposable income per household being 71% higher than in the rest of the Philippines in 2016. However, the unemployment rate in Manila in 2016 stood at 7.1%, while in the rest of the country it was 4.8%, which somewhat diminishes average household earnings in the capital.
Higher disposable incomes in Manila are reflected in higher consumer expenditure. In 2016, the average household in Manila spent 85% more on goods and services than households in the rest of the country, the difference being particularly evident in city infrastructure-related areas such as communications (142% higher expenditure in Manila than in the rest of the country) and housing (138%).
Over 2016-2021, spending on education (+32% growth in consumer spending), hotels/restaurants (+30%) and healthcare (+28%) is forecast to see the most dynamic growth among consumer categories in Manila. Total expenditure overall per household annually is forecast to grow from USD14,400 in 2016 to USD17,600 in 2021.
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