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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
115 Corruption rank#95
95 Ease of doing business#112
Philippines


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
vvp
361
USD Billion
#42 from 174 countries
GDP per capita
vvp
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



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
gold_reserve_icon
164
Tonnes
#24 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
106.08
USD Billion
#27 from 114 countries


Government Budget Value
balance_icon
-200.306
USD Billion
#111 from 113 countries
Inflation Rate
inflation_icon
4.1
%
#127 from 174 countries


Interest Rate
discount_rate_icon
2
%
#81 from 159 countries
Bank Lending Rate
credit_rate_icon
6.54%
#16 from 55 countries


Unemployment Rate
unemployment_icon
8.7
%
#98 from 171 countries
Wages
salary_icon
200.58
USD/Month
#75 from 82 countries