Economy of Philippines. Statistics, Data and Indicators
Philippines
| 53BBB | Credit rank #57 |
| 99.11 | Quality of life #56 |
| 115 | Corruption rank#95 |
| 95 | Ease of doing business#112 |
Philippines Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 377 USD Billion | 2019 |
| GDP Annual Growth Rate | -8.3 % | 4Q/20 |
| GDP Growth Rate | 5.6 % | 4Q/20 |
| GDP per capita | 3338 USD | 2019 |
| Inflation Rate YoY | 4.5 % | Mar/21 |
| Interest Rate | 2 % | Mar/21 |
| Unemployment Rate | 8.7 % | 1Q/21 |
| Wages | 10458 PHP/Month | 2016 |
| Balance of Trade | -2293236 USD Thousand | -2.293 B USD | Feb/21 |
| Current Account | 1010 USD Million | 1.01 B USD | Dec/20 |
| Foreign Exchange Reserves | 104820 USD Million | 104.82 B USD | Mar/21 |
GDP
377
USD Billion
#42 from 174 countries
GDP per capita
3338
USD
#114 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 377 USD Billion | 2019 |
| GDP Annual Growth Rate | -8.3 % | 4Q/20 |
| GDP Growth Rate | 5.6 % | 4Q/20 |
| GDP per capita | 3338 USD | 2019 |
| Gross National Product | 4782916 PHP Million | 4782.916 USD Billion | 4Q/20 |
| GDP Constant Prices | 4825185 PHP Million | 4825.185 B USD | 4Q/20 |
| GDP per capita PPP | 8908 USD | 2019 |
| GDP From Agriculture | 519641 PHP Million | 519.641 B USD | 4Q/20 |
| GDP From Construction | 326571 PHP Million | 326.571 B USD | 4Q/20 |
| GDP From Manufacturing | 974013 PHP Million | 974.013 B USD | 4Q/20 |
| GDP From Mining | 30929 PHP Million | 30.929 B USD | 4Q/20 |
| GDP From Public Administration | 249426 PHP Million | 249.426 B USD | 4Q/20 |
| GDP From Services | 2830158 PHP Million | 2830.158 B USD | 4Q/20 |
| GDP From Transport | 135648 PHP Million | 135.648 B USD | 4Q/20 |
| GDP From Utilities | 143873 PHP Million | 143.873 B USD | 4Q/20 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 41.5 % | 2019 |
| Government Budget Value | -115970 PHP Million | -115.97 USD Billion | Feb/21 |
| Government Spending | 633066 PHP Million | 633.066 USD Billion | 4Q/20 |
| Government Revenues | 219562 PHP Million | 219.562 USD Billion | Feb/21 |
| Fiscal Expenditure | 335532 PHP Million | 335.532 B USD | Feb/21 |
| Government Budget to GDP | -3.5 % | 2019 |
| Military Expenditure | 3327 USD Million | 3.327 B USD | 2019 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 128 index points | Mar/21 |
| Export Prices | 103 index points | 4Q/20 |
| Food Inflation | 5.8 % | Mar/21 |
| Gasoline Prices | 1.06 USD/Liter | Mar/21 |
| GDP Deflator | 107 index points | 4Q/20 |
| Import Prices | 93.65 index points | 4Q/20 |
| Inflation Rate YoY | 4.5 % | Mar/21 |
| Producer Prices | 91.16 index points | Feb/21 |
| Inflation Rate Mom | -0.2 % | Mar/21 |
| Core Consumer Prices | 126 Index Points | Mar/21 |
| Core Inflation Rate | 3.5 % | Mar/21 |
| CPI Housing Utilities | 116 Index Points | Mar/21 |
| CPI Transportation | 118 Index Points | Mar/21 |
| Producer Prices Change | -5.3 % | Feb/21 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 2.2 % | 2019 |
| Balance of Trade | -2293236 USD Thousand | -2.293 USD Billion | Feb/21 |
| Capital Flows | 7.34 USD Million | 0.007 USD Billion | Dec/20 |
| Current Account | 1010 USD Million | 1.01 USD Billion | Dec/20 |
| Exports | 5308715 USD Thousand | 5.309 USD Billion | Feb/21 |
| External Debt | 98488 USD Million | 98.488 USD Billion | 2020 |
| Foreign Exchange Reserves | 104820 USD Million | 104.82 USD Billion | Mar/21 |
| Imports | 7601951 USD Thousand | 7.602 USD Billion | Feb/21 |
| Tourist Arrivals | 19793 Persons | 0.02 Million Persons | Dec/20 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 6.54 % | Dec/19 |
| Gold Reserves | 188 Tonnes | 4Q/20 |
| Interbank Rate | 5.22 % | Apr/19 |
| Interest Rate | 2 % | Mar/21 |
| Loans to Private Sector | 7827678 PHP Million | 7827.678 USD Billion | Feb/21 |
| Money Supply M0 | 1617498 PHP Million | 1617.498 USD Billion | Feb/21 |
| Money Supply M1 | 5376988 PHP Million | 5376.988 USD Billion | Feb/21 |
| Money Supply M2 | 13316155 PHP Million | 13316.155 USD Billion | Feb/21 |
| Money Supply M3 | 13963382 PHP Million | 13963.382 USD Billion | Feb/21 |
| Central Bank Balance Sheet | 7340 PHP Billion | 7340 B USD | Nov/20 |
| Deposit Interest Rate | 1.5 % | Mar/21 |
| Foreign Direct Investment | 1000 USD Million | 1 B USD | Jan/21 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 537 PHP/Day | 11277 USD/Month | 2019 |
| Unemployment Rate | 8.7 % | 1Q/21 |
| Wages | 10458 PHP/Month | 2016 |
| Employed Persons | 41248 Thousand Person | 41.248 Million Person | 1Q/21 |
| Employment Rate | 91.25 % | 1Q/21 |
| Labor Force Participation Rate | 60.48 % | 1Q/21 |
| Unemployed Persons | 3953 Thousand Persons | 3.953 Million Persons | 1Q/21 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 30 % | 2020 |
| Personal Income Tax Rate | 35 % | 2020 |
| Sales Tax Rate | 12 % | 2020 |
| Social Security Rate | 11.36 % | 2020 |
| Social Security Rate For Companies | 7.67 % | 2020 |
| Social Security Rate For Employees | 3.69 % | 2020 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 14 BBL/D/1K | Feb/19 |
| Industrial Production | -46.5 % | Feb/21 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 17.4 index points | 1Q/21 |
| Corruption Index | 34 index points | 2020 |
| Corruption Rank | 115 place | 2020 |
| Ease of Doing Business | 95 place | 2019 |
| Manufacturing PMI | 52.2 index points | Mar/21 |
| Competitiveness Index | 61.87 Index Points | 2019 |
| Competitiveness Rank | 64 | 2019 |
| Total Vehicle Sales | 6661 Units | 0.007 M Units | Mar/21 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -47.9 index points | 4Q/20 |
| Retail Sales MoM | 0.2 % | May/19 |
| Retail Sales YoY | 1.4 % | Feb/21 |
| Consumer Credit | 406 PHP Billion | 406 USD Billion | 3Q/20 |
| Consumer Spending | 3651786 PHP Million | 3651.786 USD Billion | 4Q/20 |
Gold Reserves
188
Tonnes
#24 from 114 countries
Foreign Exchange Reserves
104.82
USD Billion
#27 from
114 countries
Government Budget Value
-115.97
USD Billion
#111 from 113 countries
Inflation Rate
4.5
%
#127 from
174 countries
Interest Rate
2
%
#81 from
159 countries
Bank Lending Rate
6.54%
#16 from
55 countries
Unemployment Rate
8.7
%
#98 from
171 countries
Wages
200.58
USD/Month
#75 from
82 countries
