Philippines Economic Statistics and Indicators

29, May 2015, EDT. Welcome to the Philippines economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Philippines › Change country
National or Regional Currency: Philippines Peso, PHP
Year of data: 2014 › Change year
Number of Indicators Listed: 38
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 107,668,231 (July 2014 est.)
Area: total: 300,000 sq km ; land: 298,170 sq km ; water: 1,830 sq km
Natural Resources: timber, petroleum, nickel, cobalt, silver, gold, salt, copper
Capital: name: Manila ; geographic coordinates: 14 36 N, 120 58 E ; time difference: UTC+8 (13 hours ahead of Washington, DC, during Standard Time)

The economy has weathered global economic and financial downturns better than its regional peers due to minimal exposure to troubled international securities, lower dependence on exports, relatively resilient domestic consumption, large remittances from four- to five-million overseas Filipino workers, and a rapidly expanding business process outsourcing industry. The current account balance had recorded consecutive surpluses since 2003; international reserves are at record highs; the banking system is stable; and the stock market was Asia's second best-performer in 2012. Efforts to improve tax administration and expenditure management have helped ease the Philippines' tight fiscal situation and reduce high debt levels. The Philippines has received several credit rating upgrades on its sovereign debt, and has had little difficulty tapping domestic and international markets to finance its deficits. Economic growth in the Philippines averaged 4.5% during the MACAPAGAL-ARROYO administration, but poverty worsened during her term. Growth has accelerated under the AQUINO government, but with limited progress thus far in bringing down unemployment, which hovers around 7%, and improving the quality of jobs. Underemployment is nearly 20% and more than 40% of the employed are estimated to be working in the informal sector. The AQUINO administration has been working to boost the budgets for education, health, cash transfers to the poor, and other social spending programs, and is relying on the private sector to help fund major infrastructure projects under its Public-Private Partnership program. Long term challenges include reforming governance and the judicial system, building infrastructure, improving regulatory predictability, and the ease of doing business, attracting higher levels of local and foreign investments. The Philippine Constitution and the other laws continue to restrict foreign ownership in important activities/sectors (such as land ownership and public utilities).
More on the Philippines Economy
More on the Philippines Export, Import and Trade

Economic Indicator Listing
  For Philippines in year 2014 Indicator Value
GDP Growth (Constant Prices, National Currency) 6.235 %
GDP (Current Prices, National Currency)PHP 12,746.17 Billion.
GDP (Current Prices, US Dollars)US$ 289.686 Billion
GDP Deflator 177.344 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)PHP 72,281.65 .
GDP Per Capita (Current Prices, National Currency)PHP 128,187.16 .
GDP Per Capita (Current Prices, US Dollars)US$ 2,913.34
GDP (PPP), US DollarsUS$ 694.615 Billion
GDP Per Capita (PPP), US DollarsUS$ 6,985.68
GDP Share of World Total (PPP) 0.649 %
Implied PPP Conversion Rate 18.35
Investment (% of GDP) 19.136 %
Gross National Savings (% of GDP) 22.302 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 139.927 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 4.462 %
Inflation, End of Year (Indexed to Year 2000) 142.653 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 4.278 %
Import Volume of All Items Including Goods and Services (Percent Change) 8.032 %
Import Volumes of Goods Only (Percent Change) 8.278 %
Export Volume of All Items Including Goods and Services (Percent Change) 6.427 %
Export Volumes of Goods Only (Percent Change) 6.131 %
Unemployment Rate (% of Labour Force) 6.9 %
Population 99.434 Million
General government revenue (National Currency)PHP 2,404.54 Billions.
General government revenue (% of GDP) 18.865 %
General government total expenditure (National Currency)PHP 2,447.92 Billions.
General government total expenditure (% of GDP) 19.205 %
Total Government Net Lending/ Borrowing (National Currency)PHP -43.384 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -0.34 %
General Government Structural Balance (National Currency)PHP -90.543 Billion.
General Government Structural Balance (% Potential GDP) -0.718 %
Fiscal Year Gross Domestic Product, Current PricesPHP 12,746.17 Billions.
Current Account Balance (US Dollars)US$ 9.184 Billion
Current Account Balance (% GDP) 3.17 %
Economic Indicators for Philippines 2014

GDP (Constant Prices, National Currency) for Philippines in year 2014 is PHP 7,187.26 Billion.

GDP Growth (Constant Prices, National Currency) for Philippines in year 2014 is 6.235 %.

GDP (Current Prices, National Currency) for Philippines in year 2014 is PHP 12,746.17 Billion.

GDP (Current Prices, US Dollars) for Philippines in year 2014 is US$ 289.686 Billion.

GDP Deflator for Philippines in year 2014 is 177.344 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Philippines in year 2014 is PHP 72,281.65 .

GDP Per Capita (Current Prices, National Currency) for Philippines in year 2014 is PHP 128,187.16 .

GDP Per Capita (Current Prices, US Dollars) for Philippines in year 2014 is US$ 2,913.34 .

GDP (PPP), US Dollars for Philippines in year 2014 is US$ 694.615 Billion.

GDP Per Capita (PPP), US Dollars for Philippines in year 2014 is US$ 6,985.68 .

GDP Share of World Total (PPP) for Philippines in year 2014 is 0.649 %.

Implied PPP Conversion Rate for Philippines in year 2014 is 18.35 .

Investment (% of GDP) for Philippines in year 2014 is 19.136 %.

Gross National Savings (% of GDP) for Philippines in year 2014 is 22.302 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Philippines in year 2014 is 139.927 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Philippines in year 2014 is 4.462 %.

Inflation, End of Year (Indexed to Year 2000) for Philippines in year 2014 is 142.653 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Philippines in year 2014 is 4.278 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Philippines in year 2014 is 8.032 %.

Import Volumes of Goods Only (Percent Change) for Philippines in year 2014 is 8.278 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Philippines in year 2014 is 6.427 %.

Export Volumes of Goods Only (Percent Change) for Philippines in year 2014 is 6.131 %.

Unemployment Rate (% of Labour Force) for Philippines in year 2014 is 6.9 %.

Population for Philippines in year 2014 is 99.434 Million .

General government revenue (National Currency) for Philippines in year 2014 is PHP 2,404.54 Billions.

General government revenue (% of GDP) for Philippines in year 2014 is 18.865 %.

General government total expenditure (National Currency) for Philippines in year 2014 is PHP 2,447.92 Billions.

General government total expenditure (% of GDP) for Philippines in year 2014 is 19.205 %.

Total Government Net Lending/ Borrowing (National Currency) for Philippines in year 2014 is PHP -43.384 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Philippines in year 2014 is -0.34 %.

General Government Structural Balance (National Currency) for Philippines in year 2014 is PHP -90.543 Billion.

General Government Structural Balance (% Potential GDP) for Philippines in year 2014 is -0.718 %.

Fiscal Year Gross Domestic Product, Current Prices for Philippines in year 2014 is PHP 12,746.17 Billions.

Current Account Balance (US Dollars) for Philippines in year 2014 is US$ 9.184 Billion.

Current Account Balance (% GDP) for Philippines in year 2014 is 3.17 %.

* Source: IMF
Aggregate Indicators for Philippines
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Philippines
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Philippines
  Natural Resources, Agricultural Products, Land Use and Water Use for Philippines
  Nationality, Ethnic Groups, Languages and Religions for Philippines
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Philippines
  Age Structure, Median Age, Gender and Urbanization for Philippines
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Philippines
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Philippines
  HIV, AIDS and Other Major Infectious Disease Rates for Philippines
  Literacy Rate, Educational Expenditure and School Life Expectancy for Philippines
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Philippines
  Industries and Industrial Growth Production Rate for Philippines
  Labor Force by Occupation for Philippines
  Poverty Line, Gini Index, Household Income and Consumption for Philippines
  National Budget and Public Debt for Philippines
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Philippines
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Philippines
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Philippines
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Philippines
  Foreign Exchange Reserves and Gold Reserves for Philippines
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Philippines
  Exchange Rate Statistics for Philippines
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Philippines
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Philippines
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Philippines
  Television and Radio Statistics (TV Stats, Radio Stats) for Philippines
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Philippines
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Philippines
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Philippines
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Philippines
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Philippines
* Source: CIA
Internet Indicators for Philippines
Indicators
  Number of Internet Users for Philippines
  Internet Penetration Rate for Philippines
  Number of Facebook Accounts for Philippines
  Facebook Penetration Rate for Philippines
* Source: IWS
Economic Freedom Indicators for Philippines
Indicators
  Economic Freedom World Rank for Philippines
  Economic Freedom Regional Ranking for Philippines
  Business Freedom for Philippines
  Trade Freedom for Philippines
  Fiscal Freedom for Philippines
  Government Spending for Philippines
  Monetary Freedom for Philippines
  Investment Freedom for Philippines
  Financial Freedom for Philippines
  Property Rights for Philippines
  Freedom from Corruption for Philippines
  Labor Freedom for Philippines
  Tariff Rate for Philippines
  Income Tax Rate for Philippines
  Corporate Tax Rate for Philippines
  Tax Burden % of GDP for Philippines
  Government Expenditure % of GDP for Philippines
* Source: HFO
Corruption Perceptions Index Rank and Score for Philippines
Indicator
  Corruption Perceptions Index Rank and Score for Philippines
* Source: TIO
Philippines Economic Indicators in other Years
  Philippines Economic Indicators for Year 2019 (Forecast)
  Philippines Economic Indicators for Year 2018 (Forecast)
  Philippines Economic Indicators for Year 2017 (Forecast)
  Philippines Economic Indicators for Year 2016 (Forecast)
  Philippines Economic Indicators for Year 2015 (Forecast)
Philippines Economic Indicators for Year 2014 (Current)
  Philippines Economic Indicators for Year 2013
  Philippines Economic Indicators for Year 2012
  Philippines Economic Indicators for Year 2011
  Philippines Economic Indicators for Year 2010
  Philippines Economic Indicators for Year 2009
  Philippines Economic Indicators for Year 2008
  Philippines Economic Indicators for Year 2007
  Philippines Economic Indicators for Year 2006
  Philippines Economic Indicators for Year 2005
  Philippines Economic Indicators for Year 2004
  Philippines Economic Indicators for Year 2003
  Philippines Economic Indicators for Year 2002
  Philippines Economic Indicators for Year 2001
  Philippines Economic Indicators for Year 2000
  Philippines Economic Indicators for Year 1999
  Philippines Economic Indicators for Year 1998
  Philippines Economic Indicators for Year 1997
  Philippines Economic Indicators for Year 1996
  Philippines Economic Indicators for Year 1995
  Philippines Economic Indicators for Year 1994
  Philippines Economic Indicators for Year 1993
  Philippines Economic Indicators for Year 1992
  Philippines Economic Indicators for Year 1991
  Philippines Economic Indicators for Year 1990
  Philippines Economic Indicators for Year 1989
  Philippines Economic Indicators for Year 1988
  Philippines Economic Indicators for Year 1987
  Philippines Economic Indicators for Year 1986
  Philippines Economic Indicators for Year 1985
  Philippines Economic Indicators for Year 1984
  Philippines Economic Indicators for Year 1983
  Philippines Economic Indicators for Year 1982
  Philippines Economic Indicators for Year 1981
  Philippines Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International