Construct an analysis and interpretation for GDP, DEBT TO GDP RATIO, AND EXTERNAL DEBT.
ONLY ONE ANALYSIS FOR ALL.
Is the economy standing is okay?
1. Gross domestic product (GDP) measures the total value for final use of output produced by an economy, by both residents and nonresidents. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. The GDP in the Philippines was worth 376.80 billion US dollars in 2019, according to official data from the World Bank. The GDP value of the Philippines represents 0.31 percent of the world economy (https://bit.ly/3tomfaa) 380 360 346.84 340 328.48 318.63 320 306.45 297.48 300 283.9 280 261.92 260 240 234.22 220 2020 2012 2014 2016 20183.1. External Debt - external debt is a part of the total debt that is owed to creditors outside the country. There are two components of foreign debt - Government Loans (which is the focus of economic analysts) and Private Loans of local businesses in the country. External Debt in Philippines increased to 83617.93 USD Million in 2019 from 78959.57 USD Million in 2018 (https: / /bit.ly/3pz21x2) 84000 17.93 82000 79949.42 80000 78959.57 78489.02 77673.71 77474.07 78000 76621.97 75569.44 76000 74000 73097.87 72000 2010 2012 2014 2016 2018 2020 SOURCE: TRADINGECONOMICS.COM | BANGKO SENTRAL NG PILIPINAS3.2. Debt to GDP Ratio - this is more important to economic analysts rather than the external debt indicator. Generally, government debt as a percent of GDP is used by investors to measure a country's ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This compares our GDP to its external debt which tells us of our payment capacity. The lower the debt-to-GDP ratio, the higher is our capacity to pay hence, better economic standing. The Philippines recorded a government debt equivalent to 41.50 percent of the country's Gross Domestic Product in 2019 (https: //bit. ly/39SPI6m). 52 51 51.5 49.2 48 45.4 46 44.7 44 42.1 42.1 - - A\" 41.5 '2 I - .0 2010 2012 2014 2016 2018 1020