Philippines | Economic Report

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Currency 44.76 44.98 56.34 37.84
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The US Dollar increased to 44.48 Philippine Peso in September from 43.43 in July of 2014.
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Stock Market 7057.52 7283.06 7392.20 129.52
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The Philippines Stock Market (PSEi) decreased to 7057.52 Index points in October from 7283.06 Index points in September of 2014.
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Government Bond 10y 4.20 4.34 18.64 3.04
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The Philippines Government Bond 10y decreased to 4.20 percent in October from 4.34 percent in September of 2014.
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GDP Growth Rate 1.90 1.40 3.20 -2.40
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The Gross Domestic Product (GDP) in Philippines expanded 1.90 percent in the second quarter of 2014 over the previous quarter.
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GDP Constant Prices 1784735.00 1752094.00 1784735.00 825496.00
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GDP Constant Prices in Philippines increased to 1784735 PHP Million in the second quarter of 2014 from 1752094 PHP Million in the first quarter of 2014.
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GDP Annual Growth Rate 6.40 5.60 8.90 0.50
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The Gross Domestic Product (GDP) in Philippines expanded 6.40 percent in the second quarter of 2014 over the same quarter of the previous year.
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Gross Fixed Capital Formation 351803.34 409067.78 409067.78 163357.69
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Gross Fixed Capital Formation in Philippines decreased to 351803.34 PHP Million in the second quarter of 2014 from 409067.78 PHP Million in the first quarter of 2014.
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Unemployment Rate 6.70 7.00 13.90 6.30
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Unemployment Rate in Philippines decreased to 6.70 percent in the second quarter of 2014 from 7 percent in the first quarter of 2014.
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Labor Force Participation Rate 65.20 63.80 94.70 63.20
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Labor Force Participation Rate in Philippines increased to 65.20 percent in the second quarter of 2014 from 63.80 percent in the first quarter of 2014.
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Employed Persons 38665.00 36420.00 38665.00 18567.00
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The number of employed persons in Philippines increased to 38665 Thousand in the second quarter of 2014 from 36420 Thousand in the first 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 2924.00 2969.00 4989.00 1720.00
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The number of unemployed persons in Philippines decreased to 2924 Thousand in the second quarter of 2014 from 2969 Thousand in the first quarter of 2014.
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Wages in Manufacturing 1026.35 1316.09 1412.89 638.86
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Wages in Manufacturing in Philippines decreased to 1026.35 Index Points in the first quarter of 2014 from 1316.09 Index Points in the fourth quarter of 2013.
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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 4.40 4.90 62.80 -2.10
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The inflation rate in Philippines was recorded at 4.40 percent in September of 2014.
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Core Consumer Prices 135.70 135.60 135.70 75.20
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Core Consumer Prices in Philippines increased to 135.70 Index Points in September of 2014 from 135.60 Index Points in August of 2014.
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Inflation Rate Mom 0.10 0.30 9.00 -4.60
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The Consumer Price Index in Philippines increased 0.10 percent in September of 2014 over the previous month.
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GDP Deflator 170.89 170.11 179.42 12.35
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GDP Deflator in Philippines increased to 170.89 Index Points in the second quarter of 2014 from 170.11 Index Points in the first quarter of 2014.
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Consumer Price Index CPI 140.90 140.80 140.90 1.30
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Consumer Price Index CPI in Philippines increased to 140.90 Index Points in September of 2014 from 140.80 Index Points in August of 2014.
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Producer Prices 149.50 149.00 180.70 81.10
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Producer Prices in Philippines increased to 149.50 Index Points in August of 2014 from 149 Index Points in July of 2014.
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Core Inflation Rate 3.40 3.40 7.25 1.86
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Core Inflation Rate in Philippines increased 3.40 percent in September of 2014 over the same month in the previous year.
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Producer Prices Change -2.22 -1.65 17.50 -10.00
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Producer Prices in Philippines decreased 2.22 percent in August of 2014 over the same month in the previous year.
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Interest Rate 4.00 3.75 56.60 3.50
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The benchmark interest rate in Philippines was last recorded at 4 percent.
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Money Supply M3 7070852.21 6938929.98 7070852.21 56544.00
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Money Supply M3 in Philippines increased to 7070852.21 PHP Million in June of 2014 from 6938929.98 PHP Million in May of 2014.
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Interbank Rate 2.30 2.10 41.30 2.00
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Interbank Rate in Philippines increased to 2.30 percent in July of 2014 from 2.10 percent in June of 2014.
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Foreign Exchange Reserves 80434.73 80872.79 85760.84 44.07
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Foreign Exchange Reserves in Philippines decreased to 80434.73 USD Million in September of 2014 from 80872.79 USD Million in August of 2014.
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Money Supply M0 581342.50 607281.25 640916.00 1918.00
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Money Supply M0 in Philippines decreased to 581342.50 PHP Million in June of 2014 from 607281.25 PHP Million in May of 2014.
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Balance of Trade -32796.00 625000.00 1144700.00 -1657980.00
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Philippines recorded a trade deficit of 32796 USD Thousand in July 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 5474350.00 5461490.19 5483433.75 23000.00
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Exports in Philippines increased to 5474350 USD Thousand in August of 2014 from 5461490.19 USD Thousand in July of 2014.
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Remittances 2053418.40 2063314.60 2154956.20 64208.00
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Remittances in Philippines decreased to 2053418.40 USD Thousand in August of 2014 from 2063314.60 USD Thousand in July of 2014.
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Imports 5494286.21 4715515.31 5954820.00 37084.30
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Imports in Philippines increased to 5494286.21 USD Thousand in July of 2014 from 4715515.31 USD Thousand in June of 2014.
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Tourist Arrivals 364598.00 386665.00 461383.00 63628.00
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Tourist Arrivals in Philippines decreased to 364598 in May of 2014 from 386665 in April 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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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 221726.94 187012.15 226647.42 109965.40
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Government Spending in Philippines increased to 221726.94 PHP Million in the second quarter of 2014 from 187012.15 PHP Million in the first 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 -62486.00 11782.00 80852.00 -115745.00
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Philippines recorded a government budget deficit of 62486 PHP Million in June of 2014.
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Housing Index 9552.00 9249.00 10569.00 4889.00
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Housing Index in Philippines increased to 9552 PHP/SQ. METRE in the second quarter of 2014 from 9249 PHP/SQ. METRE in the first quarter of 2014.
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Business Confidence 34.40 50.70 54.90 -32.60
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Business Confidence in Philippines decreased to 34.40 in the third quarter of 2014 from 50.70 in the second quarter of 2014.
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Changes in Inventories -37598.34 83739.67 92123.96 -83331.28
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Changes in Inventories in Philippines decreased to -37598.34 PHP Million in the first quarter of 2014 from 83739.67 PHP Million in the fourth quarter of 2013.
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Industrial Production 5.10 7.70 68.60 -26.60
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Industrial Production in Philippines increased 5.10 percent in August 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 83.40 83.40 84.40 74.30
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Capacity Utilization in Philippines remained unchanged at 83.40 percent in June of 2014 from 83.40 percent in May of 2014.
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Consumer Confidence -26.30 -17.30 -5.70 -52.80
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Consumer Confidence in Philippines decreased to -26.30 in the third quarter of 2014 from -17.30 in the second quarter of 2014.
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Personal Savings 0.62 0.62 14.50 0.41
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Personal Savings in Philippines remained unchanged at 0.62 percent in June of 2014 from 0.62 percent in May of 2014.
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Retail Sales Yoy 3.70 3.10 79.50 -3.13
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Retail Sales in Philippines increased 3.70 percent in August of 2014 over the same month in the previous year.
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Bank Lending Rate 5.39 5.60 39.73 5.19
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Bank Lending Rate in Philippines decreased to 5.39 percent in June of 2014 from 5.60 percent in May of 2014.
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Consumer Spending 1226549.00 1213723.00 1226549.00 583959.00
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Consumer Spending in Philippines increased to 1226549 PHP Million in the second quarter of 2014 from 1213723 PHP Million in the first quarter 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. 10/22/2014