Growth Domestic Product grew year on year by 6.4 per cent in the second quarter of 2014 from 7.9 per cent in the second period last year but it was higher than the growth rate of 5.6 percent in the first quarter of 2014. The GDP in the Philippines was worth 290 billion AUS dollars in 2013. The GDP value of Philippines represents 0.44 percent of the world economy. GDP in Philippines averaged 63.9 USD Billion from 1960 until 2013, reaching an all time high of 290 AUS Billion in 2013 and a record low of 4.70 AUS Billion in 1962. GDP in Philippines is reported by the World Bank. According to the ASEAN Trade Union Council, the Philippines has the highest rate of economic and social inequality in Southeast Asia. This problem is not limited to personal wealth. Land distribution, educational and vocational opportunities and basic welfare programs are also affected by the growing disparity between the Philippines' richest and poorest citizens. As in many other parts of the world, it is often the indigenous population that suffers the most. In the Philippines, the approximately 1.7 million people belonging to the nation's 100 ethnic groups remain the most disadvantaged, with discrimination and a lack of opportunities creating serious barriers.