Philippines | Economic Report

Last Previous Highest Lowest
Currency 44.66 44.87 56.34 37.84
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The US Dollar decreased to 44.57 Philippine Peso in December from 44.87 in November of 2014.
Last Previous Highest Lowest
Stock Market 7029.27 7294.37 7392.20 129.52
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The Philippines Stock Market (PSEi) decreased to 7029.27 Index points in December from 7294.37 Index points in November of 2014.
Last Previous Highest Lowest
Government Bond 10y 4.37 4.14 18.64 3.04
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The Philippines Government Bond 10y increased to 4.37 percent in December from 4.14 percent in November of 2014.
Last Previous Highest Lowest
GDP Growth Rate 0.40 1.90 3.20 -2.40
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The Gross Domestic Product (GDP) in Philippines expanded 0.40 percent in the fourth quarter of 2014 over the previous quarter.
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GDP Constant Prices 1791324.00 1784822.00 1791324.00 825496.00
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GDP Constant Prices in Philippines increased to 1791324 PHP Million in the third quarter of 2014 from 1784822 PHP Million in the second quarter of 2014.
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GDP Annual Growth Rate 5.30 6.40 8.90 0.50
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The Gross Domestic Product (GDP) in Philippines expanded 5.30 percent in the third quarter of 2014 over the same quarter of the previous year.
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Gross Fixed Capital Formation 375526.96 353732.76 409067.78 163357.69
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Gross Fixed Capital Formation in Philippines increased to 375526.96 PHP Million in the third quarter of 2014 from 353732.76 PHP Million in the second quarter of 2014.
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Unemployment Rate 6.00 6.70 13.90 6.30
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Unemployment Rate in Philippines decreased to 6.00 percent in the third quarter of 2014 from 6.70 percent in the second quarter of 2014.
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Labor Force Participation Rate 64.30 64.40 94.70 63.20
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Labor Force Participation Rate in Philippines decreased to 64.30 percent in the fourth quarter of 2014 from 64.40 percent in the third quarter of 2014.
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Employed Persons 38839.00 38451.00 38839.00 18567.00
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The number of employed persons in Philippines increased to 38839 Thousand in the fourth quarter of 2014 from 38451 Thousand in the third quarter of 2014.
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Wages 8280.00 7995.00 8280.00 5798.00
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Wages in Philippines increased to 8280 PHP in 2011 from 7995 PHP in 2010.
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Unemployed Persons 2483.00 2778.00 4989.00 1720.00
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The number of unemployed persons in Philippines decreased to 2483 Thousand in the fourth quarter of 2014 from 2778 Thousand in the third quarter of 2014.
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Wages in Manufacturing 1425.87 1026.35 1425.87 638.86
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Wages in Manufacturing in Philippines increased to 1425.87 Index Points in the second quarter of 2014 from 1026.35 Index Points in the first 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 of 2009 from 199942 in February of 2009.
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Inflation Rate 3.70 4.30 62.80 -2.10
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The inflation rate in Philippines was recorded at 3.70 percent in November of 2014.
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GDP Deflator 177.13 171.03 179.42 12.35
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GDP Deflator in Philippines increased to 177.13 Index Points in the third quarter of 2014 from 171.03 Index Points in the second quarter of 2014.
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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 decreased 0.10 percent in October of 2014 over the previous month.
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Producer Prices 151.00 152.20 180.70 81.10
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Producer Prices in Philippines decreased to 151 Index Points in October of 2014 from 152.20 Index Points in September of 2014.
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Consumer Price Index CPI 140.80 141.00 141.00 1.30
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Consumer Price Index CPI in Philippines decreased to 140.80 Index Points in November of 2014 from 141 Index Points in October of 2014.
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Producer Prices Change -0.40 0.73 17.50 -10.00
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Producer Prices in Philippines decreased 0.40 percent in October of 2014 over the same month in the previous year.
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Core Inflation Rate 2.73 3.19 7.25 1.86
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Core Inflation Rate in Philippines increased 2.73 percent in November of 2014 over the same month in the previous year.
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Food Inflation 6.46 6.98 17.29 -0.78
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Food Inflation in Philippines decreased to 6.46 percent in November of 2014 from 6.98 percent in October of 2014.
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Core Consumer Prices 135.70 135.70 135.70 75.20
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Core Consumer Prices in Philippines remained unchanged at 135.70 Index Points in November of 2014 from 135.70 Index Points in October of 2014.
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Interest Rate 4.00 4.00 56.60 3.50
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The benchmark interest rate in Philippines was last recorded at 4 percent.
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Foreign Exchange Reserves 78984.31 79295.85 85760.84 44.07
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Foreign Exchange Reserves in Philippines decreased to 78984.31 USD Million in November of 2014 from 79295.85 USD Million in October of 2014.
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Interbank Rate 2.40 2.30 41.30 2.00
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Interbank Rate in Philippines increased to 2.40 percent in September of 2014 from 2.30 percent in August of 2014.
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Banks Balance Sheet 883.06 857.38 938.47 459.52
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Banks Balance Sheet in Philippines increased to 883.06 PHP Billion in June of 2014 from 857.38 PHP Billion in May of 2014.
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Money Supply M0 617702.80 587866.06 640916.00 1918.00
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Money Supply M0 in Philippines increased to 617702.80 PHP Million in October of 2014 from 587866.06 PHP Million in September of 2014.
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Central Bank Balance Sheet 4074.11 4202.09 4202.09 479.78
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Central Bank Balance Sheet in Philippines decreased to 4074.11 PHP Billion in January of 2014 from 4202.09 PHP Billion in December of 2013.
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Money Supply M3 7208444.32 7204093.18 7208444.32 56544.00
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Money Supply M3 in Philippines increased to 7208444.32 PHP Million in October of 2014 from 7204093.18 PHP Million in September of 2014.
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Balance of Trade 280966.00 -16630.00 1144700.00 -1657980.00
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Philippines recorded a trade surplus of 280966 USD Thousand in September of 2014.
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External Debt 58506.00 60337.00 61711.00 20893.00
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External Debt in Philippines decreased to 58506 USD Million in 2013 from 60337 USD Million in 2012.
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Exports 5172771.91 5848900.66 5848900.66 23000.00
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Exports in Philippines decreased to 5172771.91 USD Thousand in October of 2014 from 5848900.66 USD Thousand in September of 2014.
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Remittances 2106772.30 2053418.40 2154956.20 64208.00
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Remittances in Philippines increased to 2106772.30 USD Thousand in September of 2014 from 2053418.40 USD Thousand in August of 2014.
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Imports 5567935.16 5490982.93 5954820.00 37084.30
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Imports in Philippines increased to 5567935.16 USD Thousand in September of 2014 from 5490982.93 USD Thousand in August of 2014.
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Tourist Arrivals 405970.00 428144.00 461383.00 63628.00
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Tourist Arrivals in Philippines decreased to 405970 in August of 2014 from 428144 in July of 2014.
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Current Account 1850.74 1712.37 2107.00 -884.00
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Philippines recorded a Current Account surplus of 1850.74 USD Million in June of 2014.
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Gold Reserves 194.40 193.95 274.42 126.89
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Gold Reserves in Philippines increased to 194.40 Tonnes in the second quarter of 2014 from 193.95 Tonnes in the first quarter of 2014.
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Current Account to GDP 3.50 2.80 5.80 -7.70
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Philippines recorded a Current Account surplus of 3.50 percent of the country's Gross Domestic Product in 2013.
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Crude Oil Production 21.00 21.00 40.00 0.79
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Crude Oil Production in Philippines remained unchanged at 21 BBL/D/1K in July of 2014 from 21 BBL/D/1K in June of 2014.
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Government Budget -1.40 -2.30 1.00 -5.30
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Philippines recorded a Government Budget deficit equal to 1.40 percent of the country's Gross Domestic Product in 2013.
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Government Spending 170600.25 221727.33 226647.42 109965.40
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Government Spending in Philippines decreased to 170600.25 PHP Million in the third quarter of 2014 from 221727.33 PHP Million in the second quarter of 2014.
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Government Debt to GDP 49.20 51.50 74.90 49.20
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Philippines recorded a Government Debt to GDP of 49.20 percent of the country's Gross Domestic Product in 2013.
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Credit Rating 45.63
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Standard & Poors credit rating for Philippines stands at BB+. Moodys rating for Philippines sovereign debt is Ba1. Fitchs credit rating for Philippines is BB+.
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Government Budget Value -2500.00 -5198.00 80852.00 -115745.00
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Philippines recorded a government budget deficit of 2500 PHP Million in October of 2014.
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Housing Index 11934.00 9552.00 11934.00 4889.00
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Housing Index in Philippines increased to 11934 PHP/SQ. METRE in the third quarter of 2014 from 9552 PHP/SQ. METRE in the second quarter of 2014.
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Building Permits 29616.00 32729.00 37266.00 16129.00
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Building Permits in Philippines decreased to 29616 in the third quarter of 2014 from 32729 in the second quarter of 2014.
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Business Confidence 48.30 34.40 54.90 -32.60
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Business Confidence in Philippines increased to 48.30 in the fourth quarter of 2014 from 34.40 in the third quarter of 2014.
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Changes in Inventories 7073.13 -48916.86 92123.96 -83331.28
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Changes in Inventories in Philippines increased to 7073.13 PHP Million in the third quarter of 2014 from -48916.86 PHP Million in the second quarter of 2014.
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Industrial Production 7.20 5.60 68.60 -26.60
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Industrial Production in Philippines increased 7.20 percent in October of 2014 over the same month in the previous year.
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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 of 2013 from 104832 Cars in November of 2013.
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Capacity Utilization 83.60 83.50 84.40 74.30
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Capacity Utilization in Philippines increased to 83.60 percent in October of 2014 from 83.50 percent in September of 2014.
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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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Consumer Confidence -21.80 -26.30 -5.70 -52.80
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Consumer Confidence in Philippines increased to -21.80 in the fourth quarter of 2014 from -26.30 in the third quarter of 2014.
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Personal Savings 0.64 0.67 14.50 0.41
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Personal Savings in Philippines decreased to 0.64 percent in August of 2014 from 0.67 percent in July of 2014.
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Retail Sales Yoy 3.20 3.70 79.50 -3.13
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Retail Sales in Philippines increased 3.20 percent in September of 2014 over the same month in the previous year.
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Bank Lending Rate 5.60 5.62 39.73 5.19
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Bank Lending Rate in Philippines decreased to 5.60 percent in August of 2014 from 5.62 percent in July of 2014.
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Consumer Spending 1245614.00 1230651.00 1245614.00 583959.00
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Consumer Spending in Philippines increased to 1245614 PHP Million in the third quarter of 2014 from 1230651 PHP Million in the second quarter of 2014.
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Consumer Credit 293.00 289.00 293.00 256.00
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Consumer Credit in Philippines increased to 293 PHP Billion in May of 2014 from 289 PHP Billion in April of 2014.
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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.

This page includes a list of key economic indicators for Philippines. 12/19/2014