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 | 394 USD Billion | 2021 |
| GDP Annual Growth Rate | 7.2 % | 4Q/22 |
| GDP Growth Rate | 2.4 % | 4Q/22 |
| GDP per capita | 3328 USD | 2021 |
| Inflation Rate YoY | 8.6 % | Feb/23 |
| Interest Rate | 6.25 % | Mar/23 |
| Unemployment Rate | 4.8 % | 0Q/23 |
| Wages | 10458 PHP/Month | 2016 |
| Balance of Trade | -5738630 USD Thousand | -5.739 B USD | Jan/23 |
| Current Account | -60.37 USD Million | -0.06 B USD | Dec/22 |
| Foreign Exchange Reserves | 99300 USD Million | 99.3 B USD | Feb/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 394 USD Billion | 2021 |
| GDP Annual Growth Rate | 7.2 % | 4Q/22 |
| GDP Growth Rate | 2.4 % | 4Q/22 |
| GDP per capita | 3328 USD | 2021 |
| Gross National Product | 5505956 PHP Million | 5505.956 USD Billion | 4Q/22 |
| GDP Constant Prices | 5577338 PHP Million | 5577.338 B USD | 4Q/22 |
| GDP per capita PPP | 8095 USD | 2021 |
| GDP From Agriculture | 552393 PHP Million | 552.393 B USD | 4Q/22 |
| GDP From Construction | 740086 PHP Million | 740.086 B USD | 4Q/22 |
| GDP From Manufacturing | 1096325 PHP Million | 1096.325 B USD | 4Q/22 |
| GDP From Mining | 35083 PHP Million | 35.083 B USD | 4Q/22 |
| GDP From Public Administration | 272863 PHP Million | 272.863 B USD | 4Q/22 |
| GDP From Services | 3351674 PHP Million | 3351.674 B USD | 4Q/22 |
| GDP From Transport | 196947 PHP Million | 196.947 B USD | 4Q/22 |
| GDP From Utilities | 158160 PHP Million | 158.16 B USD | 4Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 60.9 % | 2022 |
| Government Budget Value | 45749 PHP Million | 45.749 USD Billion | Jan/23 |
| Government Spending | 705806 PHP Million | 705.806 USD Billion | 4Q/22 |
| Government Revenues | 348167 PHP Million | 348.167 USD Billion | Jan/23 |
| Fiscal Expenditure | 302418 PHP Million | 302.418 B USD | Jan/23 |
| 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) | 121 index points | Feb/23 |
| Export Prices | 120 index points | 4Q/22 |
| Food Inflation | 10.8 % | Feb/23 |
| Gasoline Prices | 1.24 USD/Liter | Feb/23 |
| GDP Deflator | 116 index points | 4Q/22 |
| Import Prices | 123 index points | 4Q/22 |
| Inflation Rate YoY | 8.6 % | Feb/23 |
| Producer Prices | 98 index points | Jan/23 |
| Inflation Rate Mom | 0 % | Feb/23 |
| Core Consumer Prices | 120 Index Points | Feb/23 |
| Core Inflation Rate | 7.8 % | Feb/23 |
| CPI Housing Utilities | 119 Index Points | Feb/23 |
| CPI Transportation | 129 Index Points | Feb/23 |
| Producer Prices Change | 4.2 % | Jan/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -4.4 % | 2022 |
| Balance of Trade | -5738630 USD Thousand | -5.739 USD Billion | Jan/23 |
| Capital Flows | 8.06 USD Million | 0.008 USD Billion | Dec/22 |
| Current Account | -60.37 USD Million | -0.06 USD Billion | Dec/22 |
| Exports | 5231460 USD Thousand | 5.231 USD Billion | Jan/23 |
| External Debt | 111268 USD Million | 111.268 USD Billion | 2022 |
| Foreign Exchange Reserves | 99300 USD Million | 99.3 USD Billion | Feb/23 |
| Imports | 10970090 USD Thousand | 10.97 USD Billion | Jan/23 |
| Tourist Arrivals | 324610 Persons | 0.325 Million Persons | Nov/22 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 6.54 % | Dec/19 |
| Gold Reserves | 157 Tonnes | 4Q/22 |
| Interbank Rate | 5.22 % | Apr/19 |
| Interest Rate | 6.25 % | Mar/23 |
| Loans to Private Sector | 9367621 PHP Million | 9367.621 USD Billion | Jan/23 |
| Money Supply M0 | 1910546 PHP Million | 1910.546 USD Billion | Jan/23 |
| Money Supply M1 | 6463288 PHP Million | 6463.288 USD Billion | Jan/23 |
| Money Supply M2 | 15481656 PHP Million | 15481.656 USD Billion | Jan/23 |
| Money Supply M3 | 15978521 PHP Million | 15978.521 USD Billion | Jan/23 |
| Central Bank Balance Sheet | 7248 PHP Billion | 7248 B USD | Dec/22 |
| Deposit Interest Rate | 5.75 % | Mar/23 |
| Foreign Direct Investment | 634 USD Million | 0.634 B USD | Dec/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 570 PHP/Day | 11970 USD/Month | 2022 |
| Unemployment Rate | 4.8 % | 0Q/23 |
| Wages | 10458 PHP/Month | 2016 |
| Employed Persons | 47352 Thousand Person | 47.352 Million Person | 1Q/23 |
| Employment Rate | 95.2 % | 0Q/23 |
| Labor Force Participation Rate | 64.5 % | 0Q/23 |
| Unemployed Persons | 2373 Thousand Persons | 2.373 Million Persons | 1Q/23 |
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 | 15.4 % | Jan/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 23.9 index points | 4Q/22 |
| Corruption Index | 33 index points | 2022 |
| Corruption Rank | 116 place | 2022 |
| Ease of Doing Business | 95 place | 2019 |
| Manufacturing PMI | 52.7 index points | Feb/23 |
| Competitiveness Index | 61.87 Index Points | 2019 |
| Competitiveness Rank | 64 | 2019 |
| Total Vehicle Sales | 7189 Units | 0.007 M Units | Feb/23 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -14.6 index points | 4Q/22 |
| Retail Sales MoM | 0.2 % | May/19 |
| Retail Sales YoY | 2.1 % | May/21 |
| Consumer Credit | 555 PHP Billion | 555 USD Billion | 4Q/22 |
| Consumer Spending | 4199819 PHP Million | 4199.819 USD Billion | 4Q/22 |
