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Economy of Philippines. Statistics, Data and Indicators

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Philippines
53BBB Credit rank #57
99.11 Quality of life #56
117 Corruption rank#95
95 Ease of doing business#112
Philippines


Philippines Major Economic Indicators

Indicator Data Period
GDP Value 394 USD Billion 2021
GDP Annual Growth Rate 7.6 % 3Q/22
GDP Growth Rate 2.9 % 3Q/22
GDP per capita 3413 USD 2021
Inflation Rate YoY 7.7 % Oct/22
Interest Rate 5 % Nov/22
Unemployment Rate 5 % 3Q/22
Wages 10458 PHP/Month 2016
Balance of Trade -4820817 USD Thousand | -4.821 B USD Sep/22
Current Account -2521 USD Million | -2.521 B USD Jun/22
Foreign Exchange Reserves 94100 USD Million | 94.1 B USD Oct/22


GDP Indicators

Indicator Data Period
GDP Value 394 USD Billion 2021
GDP Annual Growth Rate 7.6 % 3Q/22
GDP Growth Rate 2.9 % 3Q/22
GDP per capita 3413 USD 2021
Gross National Product 5324026 PHP Million | 5324.026 USD Billion 3Q/22
GDP Constant Prices 4761926 PHP Million | 4761.926 B USD 3Q/22
GDP per capita PPP 8301 USD 2021
GDP From Agriculture  407066 PHP Million | 407.066 B USD 3Q/22
GDP From Construction  311349 PHP Million | 311.349 B USD 3Q/22
GDP From Manufacturing  760883 PHP Million | 760.883 B USD 3Q/22
GDP From Mining  29331 PHP Million | 29.331 B USD 3Q/22
GDP From Public Administration  226227 PHP Million | 226.227 B USD 3Q/22
GDP From Services  3074151 PHP Million | 3074.151 B USD 3Q/22
GDP From Transport  169972 PHP Million | 169.972 B USD 3Q/22
GDP From Utilities  179147 PHP Million | 179.147 B USD 3Q/22


Budget Indicators

Indicator Data Period
Government Debt to GDP 60.4 % 2021
Government Budget Value -99061 PHP Million | -99.061 USD Billion Oct/22
Government Spending 698563 PHP Million | 698.563 USD Billion 3Q/22
Government Revenues 288873 PHP Million | 288.873 USD Billion Oct/22
Fiscal Expenditure  387934 PHP Million | 387.934 B USD Oct/22
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) 118 index points Oct/22
Export Prices 108 index points 3Q/22
Food Inflation 9.4 % Oct/22
Gasoline Prices 1.22 USD/Liter Nov/22
GDP Deflator 110 index points 3Q/22
Import Prices 134 index points 3Q/22
Inflation Rate YoY 7.7 % Oct/22
Producer Prices 99.45 index points Oct/22
Inflation Rate Mom 0.9 % Oct/22
Core Consumer Prices 117 Index Points Oct/22
Core Inflation Rate 5.9 % Oct/22
CPI Housing Utilities 115 Index Points Oct/22
CPI Transportation 130 Index Points Oct/22
Producer Prices Change  7.2 % Oct/22


Trade Indicators

Indicator Data Period
Current Account to GDP -1.8 % 2021
Balance of Trade -4820817 USD Thousand | -4.821 USD Billion Sep/22
Capital Flows 5.96 USD Million | 0.006 USD Billion Jun/22
Current Account -2521 USD Million | -2.521 USD Billion Jun/22
Exports 7157467 USD Thousand | 7.157 USD Billion Sep/22
External Debt 106428 USD Million | 106.428 USD Billion 2021
Foreign Exchange Reserves 94100 USD Million | 94.1 USD Billion Oct/22
Imports 11978284 USD Thousand | 11.978 USD Billion Sep/22
Tourist Arrivals 254312 Persons | 0.254 Million Persons Jun/22


Money Indicators

Indicator Data Period
Bank Lending Rate 6.54 % Dec/19
Gold Reserves 155 Tonnes 3Q/22
Interbank Rate 5.22 % Apr/19
Interest Rate 5 % Nov/22
Loans to Private Sector 9205761 PHP Million | 9205.761 USD Billion Sep/22
Money Supply M0 1836541 PHP Million | 1836.541 USD Billion Oct/22
Money Supply M1 6281377 PHP Million | 6281.377 USD Billion Oct/22
Money Supply M2 14949666 PHP Million | 14949.666 USD Billion Oct/22
Money Supply M3 15442309 PHP Million | 15442.309 USD Billion Oct/22
Central Bank Balance Sheet 7449 PHP Billion | 7449 B USD Jun/22
Deposit Interest Rate 4.5 % Nov/22
Foreign Direct Investment 800 USD Million | 0.8 B USD Aug/22


Labor Indicators

Indicator Data Period
Minimum Wages 570 PHP/Day | 11970 USD/Month 2022
Unemployment Rate 5 % 3Q/22
Wages 10458 PHP/Month 2016
Employed Persons 47392 Thousand Person | 47.392 Million Person 3Q/22
Employment Rate  95 % 3Q/22
Labor Force Participation Rate 65.2 % 3Q/22
Unemployed Persons 2602 Thousand Persons | 2.602 Million Persons 3Q/22


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 14 BBL/D/1K Feb/19
Industrial Production 10 % Sep/22


Business Indicators

Indicator Data Period
Business Confidence 26.1 index points 3Q/22
Corruption Index 33 index points 2021
Corruption Rank 117 place 2021
Ease of Doing Business 95 place 2019
Manufacturing PMI 52.7 index points Nov/22
Competitiveness Index 61.87 Index Points 2019
Competitiveness Rank 64 2019
Total Vehicle Sales 8294 Units | 0.008 M Units Oct/22


Consumer Indicators

Indicator Data Period
Consumer Confidence -12.9 index points 3Q/22
Retail Sales MoM 0.2 % May/19
Retail Sales YoY 2.1 % May/21
Consumer Credit 478 PHP Billion | 478 USD Billion 2Q/22
Consumer Spending 3504489 PHP Million | 3504.489 USD Billion 3Q/22