This history of the economic activity in the Philippines is the result of the analysis of economic data and institutions recorded in documents and contemporary sources. It is meant as an aid to the understanding of the Philippine economy through description and analysis of its early foundation and sectors, and their basic features as they evolved over time. Being a historical approach to economic analysis, it covers both change and continuity. The first effort on the subjects of economic histiry of the Philippines goes back to the fragments of recorded accounts about the native economy on the eve of the Spanish conquest. It tracks the various strands of transformation and development that went into the shaping of the economy during the Spanish era and the United States occupation period. It reports and explains the factors for change and the resulting features of the economy and its sectors. As history, Likewise records the enduring continuities that resisted change by accomodating to it, thus defining large sectors that remain outside the mainstream of the modern economy.

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