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PHILIPPINES   RETAIL MARKET   Although 30% of the country’s total retail sales is concentrated in Metro Manila, the leading retailers in the country are expanding to key urban centres and growth areas outside Luzon, Visayas and Mindanao. This is expected to push retail sales in these areas. Leading shopping centre developers have plans to construct at least three new malls each year until 2007. Leading retailers in the country also operate the biggest shopping malls. “Malling” is considered a popular leisure activity in the country with the bigger malls attracting an average of 400,000 daily shoppers each which can reach as high as 800,000 on weekends and during the discount season. The aggregate retail turnover of the 15 leading retailers is about 10% of the country’s total retail sales.   HYPERMARKET    The Philippines with its large and rapidly growing population, retail spending per capita that has risen 18 percent in the past two years continue to attract numerous retailers, such as Wal-Mart, Casino, Carrefour and Tesco into the market.     KEY STATISTICS   Population: 89,468,677 (July 2006 est.)   Age structure: 0-14 years: 35% (male 15,961,365/female 15,340,065) 15-64 years: 61% (male 27,173,919/female 27,362,736) 65 years and over: 4.1% (male 1,576,089/female 2,054,503) (2006 est.)   Population growth rate: 1.8% (2006 est.)   GDP (purchasing power parity): $451.3 billion (2005 est.) GDP - per capita (PPP): $5,100 (2005 est.)   Unemployment rate: 8.7% (2005 est.)

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