Philippines | Economic Report

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Currency 46.82 46.66 56.34 37.84
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The USDPHP traded at 46.82 PHP on Friday August 28, according to interbank foreign exchange market quotes.
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Government Bond 10y 4.27 4.26 16.40 3.04
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Philippines Government Bond 10y increased to 4.27 percent on Wednesday August 26 from 4.26 percent in the previous trading day.
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Stock Market 7093.49 7022.09 8127.48 129.52
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Philippines Stock Market (PSEi) increased to 7093.49 Index points on Friday August 28 from 7022.09 Index points in the previous trading day.
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GDP Growth Rate 1.80 0.30 3.30 -2.40
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The Gross Domestic Product (GDP) in Philippines expanded 1.80 percent in the second quarter of 2015 over the previous quarter.
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GDP From Construction 190782.96 148016.35 190782.96 85502.67
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GDP From Construction in Philippines increased to 190782.96 PHP Million in the second quarter of 2015 from 148016.35 PHP Million in the first quarter of 2015.
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GDP Annual Growth Rate 5.60 5.00 8.90 0.50
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The Gross Domestic Product (GDP) in Philippines expanded 5.60 percent in the second quarter of 2015 over the same quarter of the previous year.
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GDP From Manufacturing 433733.45 424988.46 472363.05 252377.26
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GDP From Manufacturing in Philippines increased to 433733.45 PHP Million in the second quarter of 2015 from 424988.46 PHP Million in the first quarter of 2015.
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GDP Constant Prices 1877623.00 1843675.00 1877623.00 825496.00
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GDP Constant Prices in Philippines increased to 1877623 PHP Million in the second quarter of 2015 from 1843675 PHP Million in the first quarter of 2015.
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GDP From Mining 28600.66 19497.28 28600.66 10394.10
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GDP From Mining in Philippines increased to 28600.66 PHP Million in the second quarter of 2015 from 19497.28 PHP Million in the first quarter of 2015.
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Gross Fixed Capital Formation 395214.95 413421.53 422184.11 163357.69
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Gross Fixed Capital Formation in Philippines decreased to 395214.95 PHP Million in the second quarter of 2015 from 413421.53 PHP Million in the first quarter of 2015.
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GDP From Transport 65034.58 58251.69 65034.58 34827.71
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GDP From Transport in Philippines increased to 65034.58 PHP Million in the second quarter of 2015 from 58251.69 PHP Million in the first quarter of 2015.
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GDP From Agriculture 136240.86 151184.77 174709.50 114778.44
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GDP From Agriculture in Philippines decreased to 136240.86 PHP Million in the second quarter of 2015 from 151184.77 PHP Million in the first quarter of 2015.
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GDP From Utilities 61671.76 54431.84 63766.37 42117.43
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GDP From Utilities in Philippines increased to 61671.76 PHP Million in the second quarter of 2015 from 54431.84 PHP Million in the first quarter of 2015.
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Unemployment Rate 6.40 6.60 13.90 6.00
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Unemployment Rate in Philippines decreased to 6.40 percent in the second quarter of 2015 from 6.60 percent in the first quarter of 2015.
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Labor Force Participation Rate 64.60 63.80 94.70 63.20
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Labor Force Participation Rate in Philippines increased to 64.60 percent in the second quarter of 2015 from 63.80 percent in the first quarter of 2015.
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Employed Persons 39159.00 37455.00 39159.00 18567.00
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The number of employed persons in Philippines increased to 39159 Thousand in the second quarter of 2015 from 37455 Thousand in the first quarter of 2015.
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Wages 8280.00 7995.00 8280.00 5798.00
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Wages in Philippines increased to 8280 PHP/Month in 2011 from 7995 PHP/Month in 2010.
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Unemployed Persons 2681.00 2635.00 4989.00 1720.00
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The number of unemployed persons in Philippines increased to 2681 Thousand in the second quarter of 2015 from 2635 Thousand in the first quarter of 2015.
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Wages in Manufacturing 1367.08 1455.97 1455.97 638.86
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Wages in Manufacturing in Philippines decreased to 1367.08 Index Points in the fourth quarter of 2014 from 1455.97 Index Points in the third quarter of 2014.
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Job Vacancies 319720.00 199942.00 319720.00 3036.00
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Job Vacancies in Philippines increased to 319720 in June from 199942 in March of 2009.
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Inflation Rate 0.80 1.20 62.80 -2.10
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The inflation rate in Philippines was recorded at 0.80 percent in July of 2015.
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Producer Prices 144.10 144.10 180.70 81.10
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Producer Prices in Philippines remained unchanged at 144.10 Index Points in June from 144.10 Index Points in May of 2015.
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Inflation Rate Mom 0.10 0.10 9.00 -4.60
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The Consumer Price Index in Philippines increased 0.10 percent in July of 2015 over the previous month.
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Producer Prices Change -3.80 -4.80 17.50 -10.00
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Producer Prices in Philippines decreased 3.80 percent in June of 2015 over the same month in the previous year.
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Consumer Price Index CPI 141.50 141.30 141.50 1.30
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Consumer Price Index CPI in Philippines increased to 141.50 Index Points in July from 141.30 Index Points in June of 2015.
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Export Prices 102.01 108.74 133.52 8.57
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Export Prices in Philippines decreased to 102.01 Price Index in the second quarter of 2015 from 108.74 Price Index in the first quarter of 2015.
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Core Inflation Rate 1.90 2.00 7.25 1.86
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Core Inflation Rate in Philippines increased 1.90 percent in July of 2015 over the same month in the previous year.
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Food Inflation 1.29 2.09 17.29 -0.78
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Cost of food in Philippines increased 1.29 percent in July of 2015 over the same month in the previous year.
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Core Consumer Prices 137.80 137.60 137.80 75.20
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Core Consumer Prices in Philippines increased to 137.80 Index Points in July from 137.60 Index Points in June of 2015.
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Import Prices 111.73 115.81 138.30 11.46
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Import Prices in Philippines decreased to 111.73 Price Index in the second quarter of 2015 from 115.81 Price Index in the first quarter of 2015.
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GDP Deflator 171.75 184.73 184.73 12.86
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GDP Deflator in Philippines decreased to 171.75 Index Points in the first quarter of 2015 from 184.73 Index Points in the fourth quarter of 2014.
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Interest Rate 4.00 4.00 56.60 3.50
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Philippines central bank kept its overnight borrowing rate on hold at 4 percent for the seventh consecutive time on August 13th, as widely expected. Policymakers expect the inflation rate to remain within target over the rest of the policy horizon.
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Foreign Exchange Reserves 80428.53 80644.26 85273.61 44.07
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Foreign Exchange Reserves in Philippines decreased to 80428.53 USD Million in July from 80644.26 USD Million in June of 2015.
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Interbank Rate 2.52 2.52 41.30 2.00
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Philippines up to One Day Interbank Rate was quoted at 2.52 on Friday July 31.
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Banks Balance Sheet 882.76 903.69 955.37 459.52
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Banks Balance Sheet in Philippines decreased to 882.76 PHP Billion in May from 903.69 PHP Billion in April of 2015.
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Money Supply M0 653898.70 673732.38 740639.00 1918.00
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Money Supply M0 in Philippines decreased to 653898.70 PHP Million in June from 673732.38 PHP Million in May of 2015.
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Central Bank Balance Sheet 4087.47 4049.59 4202.09 479.78
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Central Bank Balance Sheet in Philippines increased to 4087.47 PHP Billion in December from 4049.59 PHP Billion in November of 2014.
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Money Supply M3 7739870.77 7635231.51 7739870.77 56544.00
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Money Supply M3 in Philippines increased to 7739870.77 PHP Million in June from 7635231.51 PHP Million in May of 2015.
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Balance of Trade -554788.94 508859.25 1144700.00 -1657980.45
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Philippines recorded a trade deficit of 554788.94 USD Thousand in June of 2015.
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Remittances 2173543.40 2099075.80 2316872.80 64208.00
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Remittances in Philippines increased to 2173543.40 USD Thousand in June from 2099075.80 USD Thousand in May of 2015.
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Exports 5363958.98 4899372.25 5931591.34 23000.00
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Exports in Philippines increased to 5363958.98 USD Thousand in June from 4899372.25 USD Thousand in May of 2015.
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Tourist Arrivals 456524.00 479149.00 487654.00 63628.00
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Tourist Arrivals in Philippines decreased to 456524 in February from 479149 in January of 2015.
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Imports 5918747.92 4392000.00 5954819.58 37084.30
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Imports in Philippines increased to 5918747.92 USD Thousand in June from 4392000 USD Thousand in May of 2015.
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Gold Reserves 195.30 195.30 274.42 126.89
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Gold Reserves in Philippines remained unchanged at 195.30 Tonnes in the first quarter of 2015 from 195.30 Tonnes in the fourth quarter of 2014.
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Current Account 1706.31 723.24 1854.58 -1179.39
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Philippines recorded a Current Account surplus of 1706.31 USD Million in March of 2015.
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Capital Flows 7.93 6.28 93.65 -35.30
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Philippines recorded a capital and financial account surplus of 7.93 USD Million in March of 2015.
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Current Account to GDP 4.40 4.20 5.80 -7.70
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Philippines recorded a Current Account surplus of 4.40 percent of the country's Gross Domestic Product in 2014.
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Crude Oil Production 22.00 22.00 40.00 0.79
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Crude Oil Production in Philippines remained unchanged at 22 BBL/D/1K in March from 22 BBL/D/1K in February of 2015.
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External Debt 77673.71 78489.02 79949.42 20893.00
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External Debt in Philippines decreased to 77673.71 USD Million in 2014 from 78489.02 USD Million in 2013.
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Foreign Direct Investment 95186.00 18314.00 230215.00 3959.00
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Foreign Direct Investment in Philippines increased to 95186 PHP Million in the fourth quarter of 2014 from 18314 PHP Million in the third quarter of 2014.
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Government Budget -0.60 -1.40 1.00 -5.30
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Philippines recorded a Government Budget deficit equal to 0.60 percent of the country's Gross Domestic Product in 2014.
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Credit Rating 45.63
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The Euro decreased to 1.10 US dollars in July from 1.11 in June of 2015.
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Government Debt to GDP 45.40 49.20 74.90 45.40
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Philippines recorded a Government Debt to GDP of 45.40 percent of the country's Gross Domestic Product in 2014.
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Fiscal Expenditure 236249.00 175188.00 242102.00 107.00
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Fiscal Expenditure in Philippines increased to 236249 PHP Million in June from 175188 PHP Million in May of 2015.
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Government Budget Value -72673.00 67337.00 80852.00 -115745.00
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Philippines recorded a government budget deficit of 72673 PHP Million in June of 2015.
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Government Revenues 163576.00 242525.00 242525.00 81.00
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Government Revenues in Philippines decreased to 163576 PHP Million in June from 242525 PHP Million in May of 2015.
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Government Spending 224704.46 185519.08 224704.46 62728.31
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Government Spending in Philippines increased to 224704.46 PHP Million in the second quarter of 2015 from 185519.08 PHP Million in the first quarter of 2015.
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Housing Index 11289.00 9145.00 11934.00 4889.00
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Housing Index in Philippines increased to 11289 PHP/SQ. METRE in the first quarter of 2015 from 9145 PHP/SQ. METRE in the fourth quarter of 2014.
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Building Permits 29688.00 29443.00 37266.00 16129.00
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Building Permits in Philippines increased to 29688 in the first quarter of 2015 from 29443 in the fourth quarter of 2014.
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Business Confidence 49.20 45.20 54.90 -32.60
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Business Confidence in Philippines increased to 49.20 in the second quarter of 2015 from 45.20 in the first quarter of 2015.
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Competitiveness Rank 52.00 59.00 87.00 52.00
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Philippines is the 52 most competitive nation in the world out of 144 countries ranked in the 2014-2015 edition of the Global Competitiveness Report published by the World Economic Forum.
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Industrial Production -7.30 -6.68 68.60 -26.60
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Industrial Production in Philippines decreased 7.30 percent in June of 2015 over the same month in the previous year.
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Corruption Index 38.00 36.00 38.00 23.00
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Philippines scored 38 points out of 100 on the 2014 Corruption Perceptions Index reported by Transparency International.
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Capacity Utilization 83.30 83.30 83.60 74.30
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Capacity Utilization in Philippines remained unchanged at 83.30 percent in June from 83.30 percent in May of 2015.
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Corruption Rank 85.00 94.00 141.00 36.00
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Philippines is the 85 least corrupt nation out of 175 countries, according to the 2014 Corruption Perceptions Index reported by Transparency International.
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Changes in Inventories -7460.41 -2310.00 92123.96 -83619.51
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The stocks of goods held by firms in Philippines decreased by 7460.41 PHP Million in the second quarter of 2015.
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Ease of Doing Business 95.00 108.00 144.00 95.00
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Ease of Doing Business in Philippines improved to 95 in 2014 from 108 in 2013.
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Car Registrations 103576.00 104832.00 137726.00 11359.00
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Car Registrations in Philippines decreased to 103576 Cars in December from 104832 Cars in November of 2013.
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Leading Economic Index 0.03 0.14 0.64 -0.62
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Leading Economic Index in Philippines decreased to 0.03 Index Points in the first quarter of 2014 from 0.14 Index Points in the fourth quarter of 2013.
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Competitiveness Index 4.39 4.28 4.39 3.90
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Philippines scored 4.39 points out of 7 on the 2014-2015 Global Competitiveness Report published by the World Economic Forum.
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Consumer Confidence -16.20 -10.00 -5.70 -52.80
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Consumer Confidence in Philippines decreased to -16.20 in the second quarter of 2015 from -10 in the first quarter of 2015.
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Bank Lending Rate 5.41 5.47 39.73 5.09
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Bank Lending Rate in Philippines increased to 5.67 percent in May from 5.47 percent in April of 2015.
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Retail Sales Yoy 1.50 1.80 79.50 -3.13
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Retail Sales in Philippines increased 1.50 percent in May of 2015 over the same month in the previous year.
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Consumer Credit 197.25 203.62 203.62 76.00
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Consumer Credit in Philippines decreased to 197.25 PHP Billion in the first quarter of 2015 from 203.62 PHP Billion in the fourth quarter of 2014.
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Consumer Spending 1301703.00 1284551.00 1301703.00 581457.00
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Consumer Spending in Philippines increased to 1301703 PHP Million in the second quarter of 2015 from 1284551 PHP Million in the first quarter of 2015.
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Gasoline Prices 0.93 1.01 1.29 0.34
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Gasoline Prices in Philippines decreased to 0.93 USD/Liter in July from 1.01 USD/Liter in June of 2015.
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Personal Savings 3270764.31 3192715.63 3270764.31 1124351.04
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Personal Savings in Philippines increased to 3270764.31 Million PHP in June from 3192715.63 Million PHP in May of 2015.
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Retail Sales Mom 0.06 0.06 14.43 -2.51
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Retail Sales in Philippines increased 0.06 percent in May of 2015 over the previous month.
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Corporate Tax Rate 30.00 30.00 35.00 30.00
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The Corporate Tax Rate in Philippines stands at 30 percent.
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Social Security Rate 10.78 10.78 10.78 9.63
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The Social Security Rate in Philippines stands at 10.78 percent.
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Personal Income Tax Rate 32.00 32.00 32.00 32.00
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The Personal Income Tax Rate in Philippines stands at 32 percent.
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Social Security Rate For Companies 7.39 7.39 7.39 6.24
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The Social Security Rate For Companies in Philippines stands at 7.39 percent.
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Sales Tax Rate 12.00 12.00 12.00 10.00
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The Sales Tax Rate in Philippines stands at 12 percent.
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Social Security Rate For Employees 3.39 3.39 3.39 3.39
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The Social Security Rate For Employees in Philippines stands at 3.39 percent.

Current trends in economic indicators affecting Philippines. 8/28/2015