Economy of Philippines. Statistics, Data and Indicators
Philippines
| 53BBB | Credit rank #57 |
| 99.11 | Quality of life #56 |
| 117 | Corruption rank#95 |
| 95 | Ease of doing business#112 |
Philippines Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 394 USD Billion | 2021 |
| GDP Annual Growth Rate | 7.6 % | 3Q/22 |
| GDP Growth Rate | 2.9 % | 3Q/22 |
| GDP per capita | 3413 USD | 2021 |
| Inflation Rate YoY | 7.7 % | Oct/22 |
| Interest Rate | 5 % | Nov/22 |
| Unemployment Rate | 5 % | 3Q/22 |
| Wages | 10458 PHP/Month | 2016 |
| Balance of Trade | -4820817 USD Thousand | -4.821 B USD | Sep/22 |
| Current Account | -2521 USD Million | -2.521 B USD | Jun/22 |
| Foreign Exchange Reserves | 94100 USD Million | 94.1 B USD | Oct/22 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 394 USD Billion | 2021 |
| GDP Annual Growth Rate | 7.6 % | 3Q/22 |
| GDP Growth Rate | 2.9 % | 3Q/22 |
| GDP per capita | 3413 USD | 2021 |
| Gross National Product | 5324026 PHP Million | 5324.026 USD Billion | 3Q/22 |
| GDP Constant Prices | 4761926 PHP Million | 4761.926 B USD | 3Q/22 |
| GDP per capita PPP | 8301 USD | 2021 |
| GDP From Agriculture | 407066 PHP Million | 407.066 B USD | 3Q/22 |
| GDP From Construction | 311349 PHP Million | 311.349 B USD | 3Q/22 |
| GDP From Manufacturing | 760883 PHP Million | 760.883 B USD | 3Q/22 |
| GDP From Mining | 29331 PHP Million | 29.331 B USD | 3Q/22 |
| GDP From Public Administration | 226227 PHP Million | 226.227 B USD | 3Q/22 |
| GDP From Services | 3074151 PHP Million | 3074.151 B USD | 3Q/22 |
| GDP From Transport | 169972 PHP Million | 169.972 B USD | 3Q/22 |
| GDP From Utilities | 179147 PHP Million | 179.147 B USD | 3Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 60.4 % | 2021 |
| Government Budget Value | -99061 PHP Million | -99.061 USD Billion | Oct/22 |
| Government Spending | 698563 PHP Million | 698.563 USD Billion | 3Q/22 |
| Government Revenues | 288873 PHP Million | 288.873 USD Billion | Oct/22 |
| Fiscal Expenditure | 387934 PHP Million | 387.934 B USD | Oct/22 |
| Government Budget to GDP | -8.6 % | 2021 |
| Military Expenditure | 4090 USD Million | 4.09 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 118 index points | Oct/22 |
| Export Prices | 108 index points | 3Q/22 |
| Food Inflation | 9.4 % | Oct/22 |
| Gasoline Prices | 1.22 USD/Liter | Nov/22 |
| GDP Deflator | 110 index points | 3Q/22 |
| Import Prices | 134 index points | 3Q/22 |
| Inflation Rate YoY | 7.7 % | Oct/22 |
| Producer Prices | 99.45 index points | Oct/22 |
| Inflation Rate Mom | 0.9 % | Oct/22 |
| Core Consumer Prices | 117 Index Points | Oct/22 |
| Core Inflation Rate | 5.9 % | Oct/22 |
| CPI Housing Utilities | 115 Index Points | Oct/22 |
| CPI Transportation | 130 Index Points | Oct/22 |
| Producer Prices Change | 7.2 % | Oct/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -1.8 % | 2021 |
| Balance of Trade | -4820817 USD Thousand | -4.821 USD Billion | Sep/22 |
| Capital Flows | 5.96 USD Million | 0.006 USD Billion | Jun/22 |
| Current Account | -2521 USD Million | -2.521 USD Billion | Jun/22 |
| Exports | 7157467 USD Thousand | 7.157 USD Billion | Sep/22 |
| External Debt | 106428 USD Million | 106.428 USD Billion | 2021 |
| Foreign Exchange Reserves | 94100 USD Million | 94.1 USD Billion | Oct/22 |
| Imports | 11978284 USD Thousand | 11.978 USD Billion | Sep/22 |
| Tourist Arrivals | 254312 Persons | 0.254 Million Persons | Jun/22 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 6.54 % | Dec/19 |
| Gold Reserves | 155 Tonnes | 3Q/22 |
| Interbank Rate | 5.22 % | Apr/19 |
| Interest Rate | 5 % | Nov/22 |
| Loans to Private Sector | 9205761 PHP Million | 9205.761 USD Billion | Sep/22 |
| Money Supply M0 | 1836541 PHP Million | 1836.541 USD Billion | Oct/22 |
| Money Supply M1 | 6281377 PHP Million | 6281.377 USD Billion | Oct/22 |
| Money Supply M2 | 14949666 PHP Million | 14949.666 USD Billion | Oct/22 |
| Money Supply M3 | 15442309 PHP Million | 15442.309 USD Billion | Oct/22 |
| Central Bank Balance Sheet | 7449 PHP Billion | 7449 B USD | Jun/22 |
| Deposit Interest Rate | 4.5 % | Nov/22 |
| Foreign Direct Investment | 800 USD Million | 0.8 B USD | Aug/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 570 PHP/Day | 11970 USD/Month | 2022 |
| Unemployment Rate | 5 % | 3Q/22 |
| Wages | 10458 PHP/Month | 2016 |
| Employed Persons | 47392 Thousand Person | 47.392 Million Person | 3Q/22 |
| Employment Rate | 95 % | 3Q/22 |
| Labor Force Participation Rate | 65.2 % | 3Q/22 |
| Unemployed Persons | 2602 Thousand Persons | 2.602 Million Persons | 3Q/22 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 25 % | 2022 |
| Personal Income Tax Rate | 35 % | 2022 |
| Sales Tax Rate | 12 % | 2022 |
| Social Security Rate | 12 % | 2022 |
| Social Security Rate For Companies | 8 % | 2022 |
| Social Security Rate For Employees | 4 % | 2022 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 14 BBL/D/1K | Feb/19 |
| Industrial Production | 10 % | Sep/22 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 26.1 index points | 3Q/22 |
| Corruption Index | 33 index points | 2021 |
| Corruption Rank | 117 place | 2021 |
| Ease of Doing Business | 95 place | 2019 |
| Manufacturing PMI | 52.7 index points | Nov/22 |
| Competitiveness Index | 61.87 Index Points | 2019 |
| Competitiveness Rank | 64 | 2019 |
| Total Vehicle Sales | 8294 Units | 0.008 M Units | Oct/22 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -12.9 index points | 3Q/22 |
| Retail Sales MoM | 0.2 % | May/19 |
| Retail Sales YoY | 2.1 % | May/21 |
| Consumer Credit | 478 PHP Billion | 478 USD Billion | 2Q/22 |
| Consumer Spending | 3504489 PHP Million | 3504.489 USD Billion | 3Q/22 |
