Philippines GDP per capita PPP

The Gross Domestic Product per capita in Philippines was last recorded at 3802.99 US dollars in 2012, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Philippines, when adjusted by Purchasing Power Parity is equivalent to 17 percent of the worlds average. GDP per capita PPP in Philippines is reported by the World Bank. From 1980 until 2012, Philippines GDP per capita PPP averaged 2794.0 USD reaching an all time high of 3803.0 USD in December of 2012 and a record low of 2297.0 USD in December of 1985. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides - Philippines GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3802.99 3629.90 3802.99 2296.95 4004.98 | 2014/06 1980 - 2012 USD Yearly

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Philippines GDP per capita PPP
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 1726917.80 2013-11-15 1701550.00 1726917.80 825496.00 1789945.49 2014-06-30 PHP Million [+]
Gross Fixed Capital Formation 388056.35 2013-11-15 343436.01 388056.35 163357.69 384637.78 2014-03-31 PHP Million [+]
Gross National Product 2075531.00 2013-11-15 2047706.00 2080585.00 939555.00 2092458.29 2014-03-31 PHP Million [+]
GDP 250.27 2012-12-31 224.75 250.27 4.40 290.03 2014-06-30 USD Billion [+]
GDP Growth Rate 1.50 2013-12-31 1.30 3.30 -2.40 1.28 2014-03-31 Percent [+]
GDP Annual Growth Rate 6.50 2013-12-31 6.90 8.90 0.50 7.32 2014-03-31 Percent [+]
GDP per capita 1501.83 2012-12-31 1433.48 1501.83 696.02 1588.06 2014-06-30 USD [+]
GDP per capita PPP 3802.99 2012-12-31 3629.90 3802.99 2296.95 4004.98 2014-06-30 USD [+]
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GDP per capita PPP | Notes
The GDP per capita PPP given on this page shows PPP GDP at purchaser's prices divided by midyear population. Purchasing Power Parity GDP is gross domestic product converted to international dollars using purchasing power parity rates. Using a PPP basis is more useful when comparing generalized differences in living standards between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using just exchange rates which may distort the real differences in income.


RELATED NEWS

Philippines Inflation Rate Edges Down in March  
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Philippines Leaves Rates on Hold, Raises Bank Reserve Requirements  
At its March 27th, 2014 meeting, Philippines' Central Bank decided to leave the key policy rate steady at 3.50 percent, but raised banks' reserve requirements by 1 percentage point effective on April 4th, 2014 to curb excess liquidity.
Philippines’ Trade Deficit Doubles in January  
The trade deficit widened in January of 2014 to USD -1.38 billion from USD -0.72 billion a year earlier and USD -0.70 billion in December of 2013. While exports climbed for the eighth consecutive month, imports posted the highest increase in nearly 3 years.
Philippines Unemployment Rate Up to 7.5%  
In January of 2014, Philippines jobless rate rose to 7.5 percent, up from 6.5 percent in the previous period and 7.1 percent a year ago. Typhoon-hit region VIII was not covered in the survey.
Philippines Inflation Rate Slows in February  
Philippines annual inflation fell to 4.1 percent in February from 4.2 percent in January, as alcoholic beverages, tobacco and transport prices rose at a slower pace. On a monthly basis, the inflation rate eased from 0.7 percent in January to 0.1 percent in February, as the country starts to recover from supply shocks caused by November’s Typhoon Haiyan.
Philippines Trade Deficit Narrows in 2013  
In 2013, Philippines trade deficit decreased 23 percent to USD 7.73 billion, from USD 10.03 billion in the previous year, due to a 3.6 percent rise in sales. Considering the last month of 2013, the trade deficit narrowed to USD 695 million.
Philippines Monetary Policy Unchanged in February  
At its February 2nd meeting, Philippines' Central Bank decided to keep its key policy rate unchanged at 3.50 percent as recent inflationary pressures are mainly due to adverse weather conditions.
Philippines Inflation Rate Accelerates in January  
In January of 2014, Philippines annual inflation rate rose to 4.2 percent, up from 4.1 percent recorded in December and closer to the upper end of the central bank's 3.4 to 4.3 percent estimate for the month.
Philippines GDP Expands 1.5% QoQ in Q4 2013  
In the fourth quarter of 2013, Philippines GDP advanced 1.5 percent over the previous quarter, slightly up from a revised 1.3 percent in the previous three-month period and boosted by the industrial production.
Philippines Q4 2013 GDP Growth Hurt by Typhoon Haiyan  
In the fourth quarter of 2013, Philippines GDP slowed to an annual growth rate of 6.5 percent, down from a revised 6.9 percent in the previous three months and 7.1 percent a year earlier. Although Typhoon Haiyan hit the economy, robust household consumption made the GDP figures better than initial government estimates. Full 2013 GDP expanded 7.2 percent.
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