Philippines | Economic Report

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Currency 44.12 44.59 56.34 37.84
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The US Dollar decreased to 44.12 Philippine Peso in April from 44.59 in March of 2015.
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Stock Market 7865.27 7940.48 8127.47 129.52
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The Philippines Stock Market (PSEi) decreased to 7865.27 Index points in April from 7940.48 Index points in March of 2015.
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Government Bond 10y 4.11 4.06 16.40 3.04
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The Philippines Government Bond 10y increased to 4.11 percent in April from 4.06 percent in March of 2015.
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GDP Growth Rate 2.50 0.70 3.30 -2.40
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The Gross Domestic Product (GDP) in Philippines expanded 2.50 percent in the fourth quarter of 2014 over the previous quarter.
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GDP Constant Prices 1843175.00 1797421.00 1843175.00 825496.00
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GDP Constant Prices in Philippines increased to 1843175 PHP Million in the fourth quarter of 2014 from 1797421 PHP Million in the third quarter of 2014.
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GDP Annual Growth Rate 6.90 5.30 8.90 0.50
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The Gross Domestic Product (GDP) in Philippines expanded 6.90 percent in the fourth quarter of 2014 over the same quarter of the previous year.
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Gross Fixed Capital Formation 422085.24 376732.82 422085.24 163357.69
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Gross Fixed Capital Formation in Philippines increased to 422085.24 PHP Million in the fourth quarter of 2014 from 376732.82 PHP Million in the third quarter of 2014.
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Unemployment Rate 6.60 6.00 13.90 6.00
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Unemployment Rate in Philippines increased to 6.6 percent in the first quarter of 2015 from 6.00 percent in the fourth quarter of 2014.
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Labor Force Participation Rate 63.80 64.30 94.70 63.20
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Labor Force Participation Rate in Philippines decreased to 63.80 percent in the first quarter of 2015 from 64.30 percent in the fourth quarter of 2014.
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Employed Persons 37455.00 38839.00 38839.00 18567.00
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The number of employed persons in Philippines remained unchanged at 37455 Thousand in the first 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 in 2011 from 7995 PHP in 2010.
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Unemployed Persons 2635.00 2483.00 4989.00 1720.00
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The number of unemployed persons in Philippines remained unchanged at 2635 Thousand in the first quarter of 2015 from 2635 Thousand in the first quarter of 2015.
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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 March of 2009.
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Inflation Rate 2.40 2.50 62.80 -2.10
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The inflation rate in Philippines was recorded at 2.40 percent in March of 2015.
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GDP Deflator 184.65 177.35 184.65 12.86
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GDP Deflator in Philippines increased to 184.65 Index Points in the fourth quarter of 2014 from 177.35 Index Points in the third 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 March of 2015 over the previous month.
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Producer Prices 143.10 144.10 180.70 81.10
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Producer Prices in Philippines decreased to 143.10 Index Points in February of 2015 from 144.10 Index Points in January of 2015.
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Consumer Price Index CPI 141.00 141.20 141.20 1.30
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Consumer Price Index CPI in Philippines decreased to 141 Index Points in March of 2015 from 141.20 Index Points in February of 2015.
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Producer Prices Change -5.10 -5.00 17.50 -10.00
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Producer Prices in Philippines decreased 5.10 percent in February of 2015 over the same month in the previous year.
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Core Inflation Rate 2.69 2.54 7.25 1.86
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Core Inflation Rate in Philippines increased 2.69 percent in March of 2015 over the same month in the previous year.
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Food Inflation 4.33 4.81 17.29 -0.78
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Food Inflation in Philippines decreased to 4.33 percent in March of 2015 from 4.81 percent in February of 2015.
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Core Consumer Prices 137.20 137.10 137.20 75.20
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Core Consumer Prices in Philippines increased to 137.20 Index Points in March of 2015 from 137.10 Index Points in February of 2015.
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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 80380.00 81335.99 85273.60 44.07
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Foreign Exchange Reserves in Philippines decreased to 80380 USD Million in March of 2015 from 81335.99 USD Million in February of 2015.
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Interbank Rate 2.53 2.56 41.30 2.00
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Interbank Rate in Philippines decreased to 2.53 percent in January of 2015 from 2.56 percent in December of 2014.
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Banks Balance Sheet 924.20 955.37 955.37 459.52
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Banks Balance Sheet in Philippines decreased to 924.20 PHP Billion in December of 2014 from 955.37 PHP Billion in November of 2014.
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Money Supply M0 649329.00 644428.59 740639.00 1918.00
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Money Supply M0 in Philippines increased to 649329 PHP Million in February of 2015 from 644428.59 PHP Million in January of 2015.
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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 7530030.00 7480865.15 7587729.00 56544.00
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Money Supply M3 in Philippines increased to 7530030 PHP Million in February of 2015 from 7480865.15 PHP Million in January of 2015.
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Balance of Trade -751538.02 -66900.00 1144700.00 -1657980.00
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Philippines recorded a trade deficit of 751538.02 USD Thousand in January of 2015.
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External Debt 58506.00 60337.00 60442.00 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 4512670.37 4356753.55 5848900.66 23000.00
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Exports in Philippines increased to 4512670.37 USD Thousand in February of 2015 from 4356753.55 USD Thousand in January of 2015.
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Remittances 1876098.30 1813881.90 2316872.80 64208.00
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Remittances in Philippines increased to 1876098.30 USD Thousand in February of 2015 from 1813881.90 USD Thousand in January of 2015.
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Imports 5108291.57 4868831.88 5954820.00 37084.30
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Imports in Philippines increased to 5108291.57 USD Thousand in January of 2015 from 4868831.88 USD Thousand in December of 2014.
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Tourist Arrivals 358876.00 328981.00 461383.00 63628.00
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Tourist Arrivals in Philippines increased to 358876 in October of 2014 from 328981 in September of 2014.
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Current Account 1382.98 1492.78 1825.22 -1179.39
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Philippines recorded a Current Account surplus of 1382.98 USD Million in December of 2014.
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Gold Reserves 195.30 194.90 274.42 126.89
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Gold Reserves in Philippines increased to 195.30 Tonnes in the fourth quarter of 2014 from 194.90 Tonnes in the third quarter of 2014.
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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 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 October of 2014 from 21 BBL/D/1K in September 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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Government Spending 157405.38 170600.25 221727.33 62728.31
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Government Spending in Philippines decreased to 157405.38 PHP Million in the fourth quarter of 2014 from 170600.25 PHP Million in the third quarter of 2014.
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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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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 -46317.00 6824.00 80852.00 -115745.00
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Philippines recorded a government budget deficit of 46317 PHP Million in December of 2014.
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Housing Index 9145.00 11934.00 11934.00 4889.00
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Average construction cost in Philippines decreased to 9145 PHP/SQ. METRE in the fourth quarter of 2014 from 11934 PHP/SQ. METRE in the third quarter of 2014.
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Building Permits 29443.00 29616.00 37266.00 16129.00
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Building Permits in Philippines decreased to 29443 in the fourth quarter of 2014 from 29616 in the third quarter of 2014.
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Business Confidence 45.20 48.30 54.90 -32.60
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Business Confidence in Philippines decreased to 45.20 in the first quarter of 2015 from 48.30 in the fourth quarter of 2014.
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Changes in Inventories 28897.27 2745.43 92123.96 -83619.50
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Changes in Inventories in Philippines increased to 28897.27 PHP Million in the fourth quarter of 2014 from 2745.43 PHP Million in the third quarter of 2014.
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Industrial Production -2.00 -1.80 68.60 -26.60
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Industrial Production in Philippines decreased 2.0 percent in February of 2015 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 83.30 83.30 83.60 74.30
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Capacity Utilization in Philippines remained unchanged at 83.30 percent in February of 2015 from 83.30 percent in January of 2015.
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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 -10.00 -21.80 -5.70 -52.80
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Consumer Confidence in Philippines increased to -10 in the first quarter of 2015 from -21.80 in the fourth quarter of 2014.
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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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Retail Sales Yoy 2.30 3.00 79.50 -3.13
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Retail Sales in Philippines increased 2.30 percent in December of 2014 over the same month in the previous year.
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Consumer Credit 203.62 192.44 203.62 76.00
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Consumer Credit in Philippines remained unchanged at 203.62 PHP Billion in the fourth quarter of 2014 from 203.62 PHP Billion in the fourth quarter of 2014.
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Consumer Spending 1260405.00 1245204.00 1260405.00 581662.00
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Consumer Spending in Philippines increased to 1260405 PHP Million in the fourth quarter of 2014 from 1245204 PHP Million in the third quarter of 2014.
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Gasoline Prices 0.93 0.90 1.29 0.34
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Gasoline Prices in Philippines increased to 0.93 USD/Liter in March of 2015 from 0.90 USD/Liter in February of 2015.
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Personal Savings 3185932.00 3164703.20 3189632.52 1124351.04
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Personal Savings in Philippines increased to 3185932 Million PHP in February of 2015 from 3164703.20 Million PHP in January of 2015.
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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. 4/21/2015