Philippines | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 1.20 1.8 1.2 1.6 1.4 0.9 percent [+]
Unemployment Rate 5.40 5.1 5.7 5.9 5.3 5.7 percent [+]
Inflation Rate 2.30 2.4 2.7 2.6 2.8 3.8 percent [+]
Interest Rate 3.00 3 3 3 3.25 5 percent [+]
Balance of Trade -1890000.00 -690815 -2500000 -3029798 -1800373 -1640000 USD Thousand [+]
Government Debt to GDP 45.05 46 46.42 46.85 47.27 47.01 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 49.61 50.03 50.52 51.02 51.51 59.44 [+]
Stock Market 6886.74 6980 6910 6840 6770 5640 points [+]
Government Bond 10y 4.53 5.07 5.12 5.17 5.22 6.02 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 1.20 1.8 1.2 1.6 1.4 0.9 percent [+]
GDP Annual Growth Rate 7.10 6.8 6.6 6.5 6.6 6 percent [+]
GDP 291.97 307 309 309 309 337 USD Billion [+]
GDP Constant Prices 2039955.00 2085117 2102194 2140661 2170253 2647181 PHP Million [+]
Gross National Product 2442142.00 2510000 2490000 2500000 2520000 2840000 PHP Million [+]
Gross Fixed Capital Formation 529415.83 622600 613500 591000 606300 808000 PHP Million [+]
GDP per capita 2635.04 2712 2729 2746 2763 3050 USD [+]
GDP per capita PPP 6925.52 7019 7070 7121 7173 7877 USD [+]
GDP From Agriculture 128819.17 174000 146000 136000 123000 203000 PHP Million [+]
GDP From Construction 193310.28 213000 177000 233000 204000 286000 PHP Million [+]
GDP From Manufacturing 428371.89 528000 475000 484000 446000 664000 PHP Million [+]
GDP From Mining 16378.55 15000 23600 25500 15200 16100 PHP Million [+]
Gdp From Public Administration 75637.54 80832 75768 92073 81000 92000 PHP Million [+]
GDP From Transport 56984.47 58800 64500 74500 59000 72800 PHP Million [+]
GDP From Utilities 75660.94 64000 63000 74000 78000 74000 PHP Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 5.40 5.1 5.7 5.9 5.3 5.7 percent [+]
Employed Persons 40974.00 40600 41300 40800 41100 43700 Thousand [+]
Unemployed Persons 2335.00 2260 2384 2551 2404 2606 Thousand [+]
Labor Force Participation Rate 63.30 63.5 63.6 63.7 63.2 64 percent [+]
Job Vacancies 199942.00 257000 257000 257000 186461 306461 [+]
Wages 8280.00 8530 8585 8640 8700 10300 PHP/Month [+]
Wages in Manufacturing 1072.65 1502 1502 1336 1744 1940 Index Points [+]
Population 102.20 104 104 105 105 110 Million [+]
Employment Rate 94.60 94.9 94.3 94.1 94.7 94.3 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 2.30 2.4 2.7 2.6 2.8 3.8 percent [+]
Inflation Rate Mom 0.20 0.2 0.1 0.3 -0.1 0.3 percent [+]
Consumer Price Index CPI 144.90 146 147 148 149 167 Index Points [+]
Core Consumer Prices 140.90 141 142 144 145 160 Index Points [+]
Core Inflation Rate 2.30 2.4 2.2 2.3 2.7 3.7 percent [+]
GDP Deflator 178.29 187 178 178 184 212 Index Points [+]
Producer Prices 133.90 135 135 136 136 149 Index Points [+]
Producer Prices Change -3.80 -3 0.5 0.6 1.3 2.8 percent [+]
Food Inflation 3.40 2.3 2 3.1 3.3 3.5 percent [+]
Export Prices 91.18 110 104 101 102 119 Price Index [+]
Cpi Transportation 128.00 129 128 129 128 132 Index Points [+]
Import Prices 111.24 114 110 114 113 122 Price Index [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 3.00 3 3 3 3.25 5 percent [+]
Money Supply M0 795098.00 801000 820000 850000 896167 1168058 PHP Million [+]
Money Supply M1 2854214.00 2928538 3008313 3087049 3165471 4163937 PHP Million [+]
Money Supply M2 8513583.00 8785792 8869345 9027382 9130806 10042687 PHP Million [+]
Money Supply M3 8840349.00 9116115 9225683 9394267 9512154 10652632 PHP Million [+]
Foreign Exchange Reserves 85753.00 85300 85700 86200 87900 101000 USD Million [+]
Banks Balance Sheet 994.08 1050 1070 1080 1090 1430 PHP Billion [+]
Deposit Interest Rate 1.60 1.5 1.8 1.8 2.56 2.4 percent [+]
Loans To Banks 215658.15 248000 244000 274000 257400 384000 PHP Million [+]
Loans To Private Sector 4969049.69 5103809 5248830 5396197 5543978 7160000 PHP Million [+]
Central Bank Balance Sheet 4760.70 4580 4540 4600 4690 5090 PHP Billion [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -1890000.00 -690815 -2500000 -3029798 -1800373 -1640000 USD Thousand [+]
Exports 5210680.00 4583607 4519113 5393496 4753200 5690000 USD Thousand [+]
Imports 7100650.00 5274421 6993712 8423294 7015226 7330000 USD Thousand [+]
Current Account 389.25 2010 -218 328 78 589 USD Million [+]
Current Account to GDP 2.90 1.1 0.8 0.8 3.49 3.39 percent [+]
External Debt 77474.07 80700 80500 80500 81500 86852 USD Million [+]
Capital Flows 14.00 13 12 15 12 16 USD Million [+]
Remittances 2383072.60 2500000 2540000 2470000 2451070 2940000 USD Thousand [+]
Tourist Arrivals 502739.00 574000 568000 517000 520145 831000 [+]
Gold Reserves 196.18 196 196 197 196 205 Tonnes [+]
Terrorism Index 7.10 7.38 7.38 7.38 6.79 7.4 [+]
Foreign Direct Investment 40390.70 150000 41100 52000 61000 197000 PHP Million [+]
Crude Oil Production 25.00 20 22 24 25 40 BBL/D/1K [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 45.05 46 46.42 46.85 47.27 47.01 percent [+]
Government Budget -0.90 -1.19 -1.26 -1.33 -1.4 -2.62 percent of GDP [+]
Government Budget Value -2300.00 -52000 -77074 -80000 -76000 -99399 PHP Million [+]
Government Spending 201422.67 190000 220000 270000 206522 249000 PHP Million [+]
Government Revenues 165960.00 198000 162000 169000 182994 245000 PHP Million [+]
Fiscal Expenditure 241287.00 250000 242000 245000 200000 332000 PHP Million [+]
Military Expenditure 3893.20 4520 4741 4741 4741 6200 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 39.80 50.7 42.2 49.3 42.4 51.7 [+]
Industrial Production 5.40 2.4 4.1 2.9 5.1 5.3 percent [+]
Capacity Utilization 83.60 83.3 83.3 83.3 83.5 83.9 percent [+]
Changes in Inventories -2979.68 22800 6550 -1730 7200 9241 PHP Million [+]
Car Registrations 103576.00 120000 125000 128000 130000 155000 Cars [+]
Leading Economic Index 0.04 0.2 0.3 0.3 -0.01 0.2 percent [+]
Manufacturing Pmi 56.30 55.8 56.2 56.8 54.9 54.4 [+]
Total Vehicle Sales 11499.00 11572 12575 13020 13780 21450 [+]
Competitiveness Index 4.36 4.4 4.4 4.41 4.41 4.36 Points [+]
Competitiveness Rank 57.00 45 45 43 43 37 [+]
Ease of Doing Business 99.00 90 88 88 88 83 [+]
Corruption Index 35.00 38 40 40 40 51 Points [+]
Corruption Rank 95.00 78 73 73 73 65 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 2.50 3.9 4.1 5.8 3.2 7 [+]
Retail Sales Yoy 3.40 3.73 4.3 3.5 2.7 4 percent [+]
Consumer Spending 1421707.00 1500000 151000 154000 157000 1890000 PHP Million [+]
Personal Savings 3905692.00 4000699 4096808 4191961 4285860 5396354 Million PHP [+]
Bank Lending Rate 5.53 5.38 5.32 5.27 5.25 5.6 percent [+]
Retail Sales Mom 0.60 -0.2 0.2 0.4 0.1 0.1 percent [+]
Consumer Credit 224.38 242 238 243 246 346 PHP Billion [+]
Gasoline Prices 0.87 0.87 0.9 0.9 0.88 1.2 USD/Liter [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Housing Index 10514.00 9400 10480 9380 10820 12800 PHP/SQ. METRE [+]
Building Permits 39635.00 38600 35300 43200 38900 41900 [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 30.00 30 30 30 30 30 percent [+]
Personal Income Tax Rate 32.00 32 32 32 32 32 percent [+]
Sales Tax Rate 12.00 12 12 12 12 12 percent [+]
Social Security Rate 11.36 11.36 11.36 11.36 11.36 11.36 percent [+]
Social Security Rate For Companies 7.67 7.67 7.67 7.67 7.67 7.67 percent [+]
Social Security Rate For Employees 3.69 3.69 3.69 3.69 3.69 3.69 percent [+]





Economic Forecasts for Philippines including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Philippines economy. 12/3/2016