Tourism

Visitors to the Philippines bring in much-needed foreign currency. In 1988 receipts from tourism amounted to US$405 million, whereas expenditures by Filipinos who went abroad was only US$116 million. About 25 percent of all visitors in 1986 were from the United States. Next were the Japanese (17 percent), and visitors from Hong Kong, Australia, Taiwan, Germany, Great Britain, Canada,
and Singapore.

Another significant sources of foreign currencies for the Philippines are remittances sent back by the thousands of Filipinos who have temporarily emigrated or the thousands at work in foreign nations. This latter group includes men working in the oil fields of the Middle East and women working as maids in the Middle East and in other Asian nations.


 

Back to Business Main