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 | 361 USD Billion | 2020 |
| GDP Annual Growth Rate | 8.3 % | 1Q/22 |
| GDP Growth Rate | 1.9 % | 1Q/22 |
| GDP per capita | 3270 USD | 2020 |
| Inflation Rate YoY | 5.4 % | May/22 |
| Interest Rate | 2.5 % | Jun/22 |
| Unemployment Rate | 5.7 % | 1Q/22 |
| Wages | 10458 PHP/Month | 2016 |
| Balance of Trade | -4773150 USD Thousand | -4.773 B USD | Apr/22 |
| Current Account | -2442 USD Million | -2.442 B USD | Mar/22 |
| Foreign Exchange Reserves | 103530 USD Million | 103.53 B USD | May/22 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 361 USD Billion | 2020 |
| GDP Annual Growth Rate | 8.3 % | 1Q/22 |
| GDP Growth Rate | 1.9 % | 1Q/22 |
| GDP per capita | 3270 USD | 2020 |
| Gross National Product | 5117892 PHP Million | 5117.892 USD Billion | 1Q/22 |
| GDP Constant Prices | 4618133 PHP Million | 4618.133 B USD | 1Q/22 |
| GDP per capita PPP | 7954 USD | 2020 |
| GDP From Agriculture | 434737 PHP Million | 434.737 B USD | 1Q/22 |
| GDP From Construction | 253598 PHP Million | 253.598 B USD | 1Q/22 |
| GDP From Manufacturing | 974740 PHP Million | 974.74 B USD | 1Q/22 |
| GDP From Mining | 42851 PHP Million | 42.851 B USD | 1Q/22 |
| GDP From Public Administration | 207445 PHP Million | 207.445 B USD | 1Q/22 |
| GDP From Services | 2766870 PHP Million | 2766.87 B USD | 1Q/22 |
| GDP From Transport | 170879 PHP Million | 170.879 B USD | 1Q/22 |
| GDP From Utilities | 145338 PHP Million | 145.338 B USD | 1Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 53.5 % | 2020 |
| Government Budget Value | -146785 PHP Million | -146.785 USD Billion | May/22 |
| Government Spending | 673241 PHP Million | 673.241 USD Billion | 1Q/22 |
| Government Revenues | 347949 PHP Million | 347.949 USD Billion | Apr/22 |
| Fiscal Expenditure | 343013 PHP Million | 343.013 B USD | Apr/22 |
| Government Budget to GDP | -7.5 % | 2020 |
| Military Expenditure | 3495 USD Million | 3.495 B USD | 2020 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 114 index points | May/22 |
| Export Prices | 107 index points | 1Q/22 |
| Food Inflation | 4.9 % | May/22 |
| Gasoline Prices | 1.55 USD/Liter | May/22 |
| GDP Deflator | 107 index points | 1Q/22 |
| Import Prices | 118 index points | 1Q/22 |
| Inflation Rate YoY | 5.4 % | May/22 |
| Producer Prices | 96.5 index points | May/22 |
| Inflation Rate Mom | 0.4 % | May/22 |
| Core Consumer Prices | 129 Index Points | Dec/21 |
| Core Inflation Rate | 3 % | Dec/21 |
| CPI Housing Utilities | 112 Index Points | May/22 |
| CPI Transportation | 127 Index Points | May/22 |
| Producer Prices Change | 6.9 % | May/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 3.6 % | 2020 |
| Balance of Trade | -4773150 USD Thousand | -4.773 USD Billion | Apr/22 |
| Capital Flows | -33.36 USD Million | -0.033 USD Billion | Mar/22 |
| Current Account | -2442 USD Million | -2.442 USD Billion | Mar/22 |
| Exports | 6128576 USD Thousand | 6.129 USD Billion | Apr/22 |
| External Debt | 106428 USD Million | 106.428 USD Billion | 2021 |
| Foreign Exchange Reserves | 103530 USD Million | 103.53 USD Billion | May/22 |
| Imports | 10901726 USD Thousand | 10.902 USD Billion | Apr/22 |
| Tourist Arrivals | 11855 Persons | 0.012 Million Persons | Jun/21 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 6.54 % | Dec/19 |
| Gold Reserves | 156 Tonnes | 1Q/22 |
| Interbank Rate | 5.22 % | Apr/19 |
| Interest Rate | 2.5 % | Jun/22 |
| Loans to Private Sector | 8741865 PHP Million | 8741.865 USD Billion | Apr/22 |
| Money Supply M0 | 1929974 PHP Million | 1929.974 USD Billion | Apr/22 |
| Money Supply M1 | 6338959 PHP Million | 6338.959 USD Billion | Apr/22 |
| Money Supply M2 | 14657098 PHP Million | 14657.098 USD Billion | Apr/22 |
| Money Supply M3 | 15253467 PHP Million | 15253.467 USD Billion | Apr/22 |
| Central Bank Balance Sheet | 7576 PHP Billion | 7576 B USD | Dec/21 |
| Deposit Interest Rate | 2 % | Jun/22 |
| Foreign Direct Investment | 727 USD Million | 0.727 B USD | Mar/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 570 PHP/Day | 11970 USD/Month | 2022 |
| Unemployment Rate | 5.7 % | 1Q/22 |
| Wages | 10458 PHP/Month | 2016 |
| Employed Persons | 45631 Thousand Person | 45.631 Million Person | 2Q/22 |
| Employment Rate | 93.6 % | 0Q/22 |
| Labor Force Participation Rate | 63.8 % | 0Q/22 |
| Unemployed Persons | 2762 Thousand Persons | 2.762 Million Persons | 2Q/22 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 30 % | 2021 |
| Personal Income Tax Rate | 35 % | 2021 |
| Sales Tax Rate | 12 % | 2021 |
| Social Security Rate | 12 % | 2021 |
| Social Security Rate For Companies | 8 % | 2021 |
| Social Security Rate For Employees | 4 % | 2021 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 14 BBL/D/1K | Feb/19 |
| Industrial Production | 9.7 % | Apr/22 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 35.4 index points | 2Q/22 |
| Corruption Index | 33 index points | 2021 |
| Corruption Rank | 117 place | 2021 |
| Ease of Doing Business | 95 place | 2019 |
| Manufacturing PMI | 53.8 index points | Jun/22 |
| Competitiveness Index | 61.87 Index Points | 2019 |
| Competitiveness Rank | 64 | 2019 |
| Total Vehicle Sales | 6964 Units | 0.007 M Units | May/22 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -5.2 index points | 2Q/22 |
| Retail Sales MoM | 0.2 % | May/19 |
| Retail Sales YoY | 2.1 % | May/21 |
| Consumer Credit | 446 PHP Billion | 446 USD Billion | 1Q/22 |
| Consumer Spending | 3476450 PHP Million | 3476.45 USD Billion | 1Q/22 |
