Economy of Philippines. Statistics, Data and Indicators
Philippines
| 53BBB | Credit rank #57 |
| 99.11 | Quality of life #56 |
| 116 | Corruption rank#95 |
| 95 | Ease of doing business#112 |
Philippines Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 404 USD Billion | 2022 |
| GDP Annual Growth Rate | 4.3 % | 2Q/23 |
| GDP Growth Rate | -0.9 % | 2Q/23 |
| GDP per capita | 3528 USD | 2022 |
| Inflation Rate YoY | 6.1 % | Sep/23 |
| Interest Rate | 6.25 % | Sep/23 |
| Unemployment Rate | 4.4 % | 2Q/23 |
| Wages | 10458 PHP/Month | 2016 |
| Balance of Trade | -4128000 USD Thousand | -4.128 B USD | Aug/23 |
| Current Account | -538 USD Million | -0.538 B USD | Jun/23 |
| Foreign Exchange Reserves | 98690 USD Million | 98.69 B USD | Sep/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 404 USD Billion | 2022 |
| GDP Annual Growth Rate | 4.3 % | 2Q/23 |
| GDP Growth Rate | -0.9 % | 2Q/23 |
| GDP per capita | 3528 USD | 2022 |
| Gross National Product | 5643038 PHP Million | 5643.038 USD Billion | 2Q/23 |
| GDP Constant Prices | 5207087 PHP Million | 5207.087 B USD | 2Q/23 |
| GDP per capita PPP | 8582 USD | 2022 |
| GDP From Agriculture | 417469 PHP Million | 417.469 B USD | 2Q/23 |
| GDP From Construction | 924339 PHP Million | 924.339 B USD | 2Q/23 |
| GDP From Manufacturing | 914415 PHP Million | 914.415 B USD | 2Q/23 |
| GDP From Mining | 41740 PHP Million | 41.74 B USD | 2Q/23 |
| GDP From Public Administration | 286183 PHP Million | 286.183 B USD | 2Q/23 |
| GDP From Services | 3234491 PHP Million | 3234.491 B USD | 2Q/23 |
| GDP From Transport | 165385 PHP Million | 165.385 B USD | 2Q/23 |
| GDP From Utilities | 172227 PHP Million | 172.227 B USD | 2Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 60.9 % | 2022 |
| Government Budget Value | -133003 PHP Million | -133.003 USD Billion | Aug/23 |
| Government Spending | 838500 PHP Million | 838.5 USD Billion | 2Q/23 |
| Government Revenues | 310553 PHP Million | 310.553 USD Billion | Aug/23 |
| Fiscal Expenditure | 443556 PHP Million | 443.556 B USD | Aug/23 |
| Government Budget to GDP | -7.3 % | 2022 |
| Military Expenditure | 3965 USD Million | 3.965 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 124 index points | Sep/23 |
| Export Prices | 107 index points | 2Q/23 |
| Food Inflation | 9.7 % | Sep/23 |
| Gasoline Prices | 1.21 USD/Liter | Sep/23 |
| GDP Deflator | 113 index points | 2Q/23 |
| Import Prices | 120 index points | 2Q/23 |
| Inflation Rate YoY | 6.1 % | Sep/23 |
| Producer Prices | 99.13 index points | Aug/23 |
| Inflation Rate Mom | 1.1 % | Sep/23 |
| Core Consumer Prices | 123 Index Points | Sep/23 |
| Core Inflation Rate | 5.9 % | Sep/23 |
| CPI Housing Utilities | 117 Index Points | Sep/23 |
| CPI Transportation | 131 Index Points | Sep/23 |
| Producer Prices Change | 0.5 % | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -4.4 % | 2022 |
| Balance of Trade | -4128000 USD Thousand | -4.128 USD Billion | Aug/23 |
| Capital Flows | 7.31 USD Million | 0.007 USD Billion | Jun/23 |
| Current Account | -538 USD Million | -0.538 USD Billion | Jun/23 |
| Exports | 6701770 USD Thousand | 6.702 USD Billion | Aug/23 |
| External Debt | 111268 USD Million | 111.268 USD Billion | 2022 |
| Foreign Exchange Reserves | 98690 USD Million | 98.69 USD Billion | Sep/23 |
| Imports | 10829430 USD Thousand | 10.829 USD Billion | Aug/23 |
| Tourist Arrivals | 437648 Persons | 0.438 Million Persons | Aug/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 6.54 % | Dec/19 |
| Gold Reserves | 160 Tonnes | 2Q/23 |
| Interbank Rate | 5.22 % | Apr/19 |
| Interest Rate | 6.25 % | Sep/23 |
| Loans to Private Sector | 9538916 PHP Million | 9538.916 USD Billion | Jul/23 |
| Money Supply M0 | 1879166 PHP Million | 1879.166 USD Billion | Aug/23 |
| Money Supply M1 | 6465417 PHP Million | 6465.417 USD Billion | Aug/23 |
| Money Supply M2 | 15998726 PHP Million | 15998.726 USD Billion | Aug/23 |
| Money Supply M3 | 16466730 PHP Million | 16466.73 USD Billion | Aug/23 |
| Central Bank Balance Sheet | 7294 PHP Billion | 7294 B USD | Jun/23 |
| Deposit Interest Rate | 5.75 % | Sep/23 |
| Foreign Direct Investment | 753 USD Million | 0.753 B USD | Jul/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 610 PHP/Day | 12810 USD/Month | 2023 |
| Unemployment Rate | 4.4 % | 2Q/23 |
| Wages | 10458 PHP/Month | 2016 |
| Employed Persons | 44630 Thousand Person | 44.63 Million Person | 3Q/23 |
| Employment Rate | 95.6 % | 2Q/23 |
| Labor Force Participation Rate | 64.7 % | 2Q/23 |
| Unemployed Persons | 2273 Thousand Persons | 2.273 Million Persons | 3Q/23 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 25 % | 2023 |
| Personal Income Tax Rate | 35 % | 2023 |
| Sales Tax Rate | 12 % | 2023 |
| 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 | 9.1 % | Aug/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 35.8 index points | 3Q/23 |
| Corruption Index | 33 index points | 2022 |
| Corruption Rank | 116 place | 2022 |
| Ease of Doing Business | 95 place | 2019 |
| Manufacturing PMI | 50.6 index points | Sep/23 |
| Competitiveness Index | 61.87 Index Points | 2019 |
| Competitiveness Rank | 64 | 2019 |
| Total Vehicle Sales | 10094 Units | 0.01 M Units | Aug/23 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -9.58 index points | 3Q/23 |
| Retail Sales MoM | 0.2 % | May/19 |
| Retail Sales YoY | 2.1 % | May/21 |
| Consumer Credit | 619 PHP Billion | 619 USD Billion | 2Q/23 |
| Consumer Spending | 3583956 PHP Million | 3583.956 USD Billion | 2Q/23 |
