Philippines
The Philippines is a developing country. In 1998 the Philippine economy—a mixture of agriculture, light industry, and support services—deteriorated because of the effects of the Asian financial crisis and poor weather conditions. The economy's growth fell to 0.6% in 1998 from 5% in 1997, but recovered to about 3% in 1999 and 4% in 2000. As of 2012, it is estimated at 6.6%.