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 | 361 USD Billion | 2020 |
| GDP Annual Growth Rate | -4.2 % | 1Q/21 |
| GDP Growth Rate | 0.3 % | 1Q/21 |
| GDP per capita | 2980 USD | 2020 |
| Inflation Rate YoY | 4.1 % | Jun/21 |
| Interest Rate | 2 % | Jul/21 |
| Unemployment Rate | 8.7 % | 2Q/21 |
| Wages | 10458 PHP/Month | 2016 |
| Balance of Trade | -2755000 USD Thousand | -2.755 B USD | May/21 |
| Current Account | -380 USD Million | -0.38 B USD | Mar/21 |
| Foreign Exchange Reserves | 106080 USD Million | 106.08 B USD | Jun/21 |
GDP
361
USD Billion
#42 from 174 countries
GDP per capita
2980
USD
#114 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 361 USD Billion | 2020 |
| GDP Annual Growth Rate | -4.2 % | 1Q/21 |
| GDP Growth Rate | 0.3 % | 1Q/21 |
| GDP per capita | 2980 USD | 2020 |
| Gross National Product | 4583578 PHP Million | 4583.578 USD Billion | 1Q/21 |
| GDP Constant Prices | 4244695 PHP Million | 4244.695 B USD | 1Q/21 |
| GDP per capita PPP | 7954 USD | 2020 |
| GDP From Agriculture | 434377 PHP Million | 434.377 B USD | 1Q/21 |
| GDP From Construction | 217314 PHP Million | 217.314 B USD | 1Q/21 |
| GDP From Manufacturing | 882192 PHP Million | 882.192 B USD | 1Q/21 |
| GDP From Mining | 35552 PHP Million | 35.552 B USD | 1Q/21 |
| GDP From Public Administration | 205871 PHP Million | 205.871 B USD | 1Q/21 |
| GDP From Services | 2526208 PHP Million | 2526.208 B USD | 1Q/21 |
| GDP From Transport | 136438 PHP Million | 136.438 B USD | 1Q/21 |
| GDP From Utilities | 138453 PHP Million | 138.453 B USD | 1Q/21 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 53.5 % | 2020 |
| Government Budget Value | -200306 PHP Million | -200.306 USD Billion | May/21 |
| Government Spending | 650336 PHP Million | 650.336 USD Billion | 1Q/21 |
| Government Revenues | 256415 PHP Million | 256.415 USD Billion | May/21 |
| Fiscal Expenditure | 456721 PHP Million | 456.721 B USD | May/21 |
| 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) | 128 index points | Jun/21 |
| Export Prices | 97.55 index points | 1Q/21 |
| Food Inflation | 4.7 % | Jun/21 |
| Gasoline Prices | 1.12 USD/Liter | Jun/21 |
| GDP Deflator | 102 index points | 1Q/21 |
| Import Prices | 100 index points | 1Q/21 |
| Inflation Rate YoY | 4.1 % | Jun/21 |
| Producer Prices | 89.16 index points | May/21 |
| Inflation Rate Mom | 0.2 % | Jun/21 |
| Core Consumer Prices | 126 Index Points | Jun/21 |
| Core Inflation Rate | 3 % | Jun/21 |
| CPI Housing Utilities | 116 Index Points | Jun/21 |
| CPI Transportation | 120 Index Points | Jun/21 |
| Producer Prices Change | -4.3 % | May/21 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 3.6 % | 2020 |
| Balance of Trade | -2755000 USD Thousand | -2.755 USD Billion | May/21 |
| Capital Flows | 6.24 USD Million | 0.006 USD Billion | Mar/21 |
| Current Account | -380 USD Million | -0.38 USD Billion | Mar/21 |
| Exports | 5893110 USD Thousand | 5.893 USD Billion | May/21 |
| External Debt | 98488 USD Million | 98.488 USD Billion | 2020 |
| Foreign Exchange Reserves | 106080 USD Million | 106.08 USD Billion | Jun/21 |
| Imports | 8648110 USD Thousand | 8.648 USD Billion | May/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 | 164 Tonnes | 1Q/21 |
| Interbank Rate | 5.22 % | Apr/19 |
| Interest Rate | 2 % | Jul/21 |
| Loans to Private Sector | 7939251 PHP Million | 7939.251 USD Billion | May/21 |
| Money Supply M0 | 1669237 PHP Million | 1669.237 USD Billion | May/21 |
| Money Supply M1 | 5568470 PHP Million | 5568.47 USD Billion | May/21 |
| Money Supply M2 | 13614153 PHP Million | 13614.153 USD Billion | May/21 |
| Money Supply M3 | 14281455 PHP Million | 14281.455 USD Billion | May/21 |
| Central Bank Balance Sheet | 7072 PHP Billion | 7072 B USD | Dec/20 |
| Deposit Interest Rate | 1.5 % | Jul/21 |
| Foreign Direct Investment | 679 USD Million | 0.679 B USD | Apr/21 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 537 PHP/Day | 11277 USD/Month | 2019 |
| Unemployment Rate | 8.7 % | 2Q/21 |
| Wages | 10458 PHP/Month | 2016 |
| Employed Persons | 43269 Thousand Person | 43.269 Million Person | 2Q/21 |
| Employment Rate | 91.27 % | 2Q/21 |
| Labor Force Participation Rate | 63.23 % | 2Q/21 |
| Unemployed Persons | 4138 Thousand Persons | 4.138 Million Persons | 2Q/21 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 30 % | 2021 |
| Personal Income Tax Rate | 35 % | 2021 |
| Sales Tax Rate | 12 % | 2021 |
| 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 | 250 % | May/21 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 1.4 index points | 2Q/21 |
| Corruption Index | 34 index points | 2020 |
| Corruption Rank | 115 place | 2020 |
| Ease of Doing Business | 95 place | 2019 |
| Manufacturing PMI | 50.8 index points | Jun/21 |
| Competitiveness Index | 61.87 Index Points | 2019 |
| Competitiveness Rank | 64 | 2019 |
| Total Vehicle Sales | 7382 Units | 0.007 M Units | Jun/21 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -30.9 index points | 2Q/21 |
| Retail Sales MoM | 0.2 % | May/19 |
| Retail Sales YoY | 2.1 % | May/21 |
| Consumer Credit | 400 PHP Billion | 400 USD Billion | 1Q/21 |
| Consumer Spending | 3153807 PHP Million | 3153.807 USD Billion | 1Q/21 |
Gold Reserves
164
Tonnes
#24 from 114 countries
Foreign Exchange Reserves
106.08
USD Billion
#27 from
114 countries
Government Budget Value
-200.306
USD Billion
#111 from 113 countries
Inflation Rate
4.1
%
#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
