Here's an updated chart (as of June 3, 2013) containing the following data:
Blue Line: PHP-USD Exchange Rate (USD to 1-PHP / 1000) Green Line: Gross Domestic Product - GDP (in billions USD) Red Line: Debt to GDP Ratio (percentage % of Debt / GDP)
Sources: Data Source for GDP: The World Bank via www.tradingeconomics.com Data Source for Debt-GDP Ratio: The World Bank via www.tradingeconomics.com Data Source for PHP-USD Exchange Rate History: www.fxtop.com Researched By Boom San Agustin
HERE ARE SOME ANALYSIS OF THE RECORD. NUMBERS DONT LIE !
WHAT THE GRAPHS SAY ON THE PHILIPPINE ECONOMY UNDER PARTICULAR PRESIDENCY:
1. In the 21-year Marcos presidency: a. The Peso to US dollar rate fell the most, much more than it fell during the terms of all the succeeding 6 Presidents combined. b. The countrys debt rate in relation to GDP has increased continuously from 40% at the start of the Marcos rule to almost 90% at the end, leaving a debt-burdened country to Cory. c. The GDP gains in the 21-year period from about $10B to $60B, or about $2.4B annually is a dismal failure compared to all succeeding Presidents, except Estrada Arroyos GDP gain from $50B to $170B in 10-year term, or about $12B annually started the real economic turn around. d. It is now in the Philippine history books that Cronyism was started, or invented, in the Marcos era that caused the massive increase of the nations debt burdening its citizenry for decades. The government corruption problem was essentially born.
2. Cory Aquino managed to control the nations debt rate to reasonable level, increasing the GDP at the same time even as her administration was marked with instability and turmoil. Corys remarkable accomplishment was saving the Philippine democracy after Peoples Power ousted a 21-year de-facto dictatorship.
3. The Ramos administration improved on the economic record of Cory. The nations debt rate went below the GDP at mid-term for the first time since Marcos, an accomplishment that the country continues to enjoy to the present time.
4. The Estradas short 3-year term was marked with virtually no economic improvement.
5. The Arroyos 10-year term was marked with spectacular gains in GDP and improvement in the nations debt rate, a comparative economic miracle. This accomplishment is even more remarkable considering her administration had to deal with attempted coups, destabilization and high-profile corruption scandals.
6. The current Aquino administration is showing early signs of stellar economic gains to better the previous Arroyos term. In the first 3 years, the annual GDP has gained over $100B to about $250B as of last count in 2013 while the nations debt rate is on the downward trend. Aquinos crusade for Daang Matuwid, and anti-corruption drive in governance is already bearing positive results. The nations credit rating has attained investment grade for the first time while its international dollar reserves is at record high.
WHAT THE NUMBERS SAY ON PHILIPPINE CORRUPTION RECORD 7. The Global Ranking computation ranks all countries included in the Transparency International Study on a scale of 1 to 100; where 1 has cleanest government and 100 is most corrupt. A score of 50 would indicate an average corruption record; under 50 is better than average, while over 50 is worse than most countries.
8. The Philippines recorded its worst corruption record of 87 at the start of the survey in 1995 under TRANSPARENCY INTERNATIONAL DATA ON PHILIPPINE CORRUPTION PERCEPTION INDEX (CPI) FROM 1995 - 2013 PHILIPPINES: CORRUPTION PERCEPTION INDEX (CPI) RANKING 1 (ACTUAL) GLOBAL RANKING (100 BASIS) YEAR PRESIDENT SCORE (1-10) CPI (1-10) GLOBAL RANKING T/I RANKING GLOBAL RANKING* ACTUAL COUNTRIES (100 COUNTRIES) 2013 3.6 94 177 53.00 2012 3.4 105 176 59.00 2011 2.6 129 183 70.00 2010 AQUINO 2.4 134 178 75.00 2010 2.4 134 178 75.00 2009 2.4 139 180 77.00 2008 2.3 141 180 78.00 2007 2.5 131 163 80.00 2006 2.5 121 159 76.00 2005 2.5 125 146 85.00 2004 ARROYO 2.5 102 133 76.00 2004 2.6 102 133 76.00 2003 2.5 92 133 69.00 2002 2.6 77 102 75.00 2001 ARROYO 2.9 65 91 71.00 2000 2.8 69 90 76.00 2000 2.8 69 90 76.00 1999 3.6 54 99 54.00 1998 ESTRADA 3.3 55 85 64.00 1998 3.3 55 85 64.00 1997 3.05 40 52 76.00 1996 2.69 44 54 81.00 1995 RAMOS 2.77 36 41 87.00 * Global Ranking Based on CPI, Scale of 1 to 100, where 1 is cleanest, 100 is most corrupt among all countries in the Transparency International survey. Published yearly since 1995. the Ramos presidency, which improved to 64 by the end of Ramos term. In all of the 19 years of Transparency International survey, the Philippine record has been worse at over 50.
9. The 3-year Estrada presidency recorded the worst increase in corruption rising from 64 to 71.
10. The Arroyo presidency of 10 years started corruption ranking at 71 and ended slightly worse at 76. The Philippine corruption record in that 10-year period stuck at the bottom quarter in global ranking without improvement. In fairness, that corruption record was inherited and already there, where she failed is in its elimination.
11. The current Aquino presidency has recorded the best achievement in cleaner governance from 76 to 53 in only 3 years, as of 2013. While at 53 in 2013, ranking the Philippine at worse than average still, the change for the better is remarkable. If the trend continues, the Philippines may well have achieved a ranking of lower than 50 quickly this year, making the Philippines corruption record at better than average for the first time in TI history.
12. Top 20 and Bottom 20 Countries in 2013 per CPI Record published by Transparency Intl.
TOP 20 COUNTRIES (BEST) BOTTOM 20 COUNTRIES (WORST)
DENMARK MYANMAR NEW ZEALAND ZIMBABWE FINLAND CAMBODIA SWEDEN ERITREA NORWAY VENEZUELA
SINGAPORE CHAD SWITZERLAND EQUATORIAL GUINEA NETHERLANDS GUINEA BISSAU AUSTRALIA HAITI CANADA YEMEN
LUXEMBOURG SYRIA GERMANY TURKMENISTAN ICELAND UZBEKISTAN UNITED KINGDOM IRAQ BARBADOS LIBYA
BELGIUM SOUTH SUDAN HONGKONG SUDAN JAPAN AFGHANISTAN UNITED STATES NORTH KOREA URUGUAY SOMALIA
The Global Ranking indicates better living conditions for the citizenry in countries with cleaner governance, as opposed to in countries with corruption-ridden governments. czp 8/21/2014