Source
Central bank

Central Bank of the Philippines (Bangko Sentral ng Pilipinas)

International Reserves

USD 74.3 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 348.6 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 874.0 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
5.2% 6.6% 4.2% 1.2% 7.6% 3.7% 6.7%
2013 2014 2015 2016* 2017*    
7.1% 6.2% 5.9% 6.4% 6.7%    

*Estimate

GDP per capita - current prices

USD 3,280.0 (2017, estimate)

GDP per capita - PPP

Intl$ 8,223.3 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.71% 0.61% 0.54% 0.59% 0.7%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 9.7% 
  • industry: 30.5% 
  • services: 59.8%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014 2015 2016* 2017*
2.9% 4.2% 1.4% 2.0% 3.4%

*Estimate

Unemployment rate
2013 2014 2015 2016* 2017*
7.1% 6.8% 6.3% 5.9% 5.7%

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
39.3% 36.4% 34.8% 33.4% 32.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
0.2% 0.9% 0.2% -0.4% -1.5%

*Estimate  

Government bond ratings

Standard & Poor's: BBB

Moody's: Baa2

Standard & Poor's / Moody's (Updated as of January 24th 2017)

Market value of publicly traded shares
2013 2014 2015
USD 217.3 billion USD 261.8 billion USD 238.8 billion
Largest companies

SM Investments, JG Summit Holdings, Top Frontier Investment Holdings, Ayala Corporation, BPI, Metropolitan Bank & Trust, Manila Electric, PLDT, Aboitiz Equity Ventures.

 
 
Source
Current account balance

USD 4.9 billion (2017 estimate)

Current account balance by percentage of GDP

1.4% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

28.2% (2015)

Shares in world total merchandising export

0.4% (2015)​

Shares in world total commercial services export

0.6% (2015)

Total exports

USD 38.2 billion (2016 estimate)

Export commodities

Semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, fruits

Total imports

USD 61.0 billion (2016 estimate)

 
 
Source
Import commodities

Electronic products, mineral fuels, machinery and transport equipment, iron and steel, textile fabrics, grains, chemicals, plastic

Exports - major partners

Japan 21.1%, US 15%, China 10.9%, Hong Kong 10.6%, Singapore 6.2%, Germany 4.5%, South Korea 4.3% (2015)

Imports - major partners

China 16.2%, US 10.8%, Japan 9.6%, Singapore 7%, South Korea 6.5%, Thailand 6.4%, Malaysia 4.8%, Indonesia 4.4% (2015)

FDI inflows
2013 2014 2015
USD 2,430 million USD 6,813 million USD 5,234 million
FDI outflows
2013 2014 2015
USD 3,647 million USD 6,754 million USD 5,602 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD 682.1 million USD 71.4 million USD 3210.7 million USD 1478.8 million
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 99 out of 190 countries (2017)

Subcategories:

Starting a business: 171 out of 190 countries

Enforcing Contracts: 136 out of 190 countries

Registering Property: 112 out of 190 countries

Getting Credit: 118 out of 190 countries

Protecting Minority Investors: 137 out of 190 countries

Trading Across Borders: 95 out of 190 countries

Paying Taxes: 115 out of 190 countries

Dealing with Construction Permits: 85 out of 190 countries

Getting Electricity: 22 out of 190 countries

Resolving Insolvency: 56 out of 190 countries

Global competitiveness ranking

57 out of 138 countries

(2016-2017)

 

Index of Economic Freedom

Ranking: 70 / Score: 63.08 (Moderately free) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+8

Total area

300,000 sq km

Capital

Manila

Currency

Philippine pesos (PHP)

Government type

republic

Languages

Filipino (official; based on Tagalog) and English (official); eight major dialects - Tagalog, Cebuano, Ilocano, Hiligaynon or Ilonggo, Bicol, Waray, Pampango, and Pangasinan

Religions

Roman Catholic 80.9%, Muslim 5%, Evangelical 2.8%, Iglesia ni Kristo 2.3%, Aglipayan 2%, other Christian 4.5%, other 1.8%, unspecified 0.6%, none 0.1% (2000 census)

Total population
1990 2000 2010 2014* 2019**
61.5 million 76.79 million 92.6 million 99.434 million 109.783 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
30.3% 37% 48% 45%
Population median age

23.5 years (2014 est.)

Population growth rate

1.81% (2014 est.)

Life expectancy

72.48 years (2014 estimate)

Adult literacy

95.4% (2008 estimate)

% of population living on less than $2 a day

41.7% (2012)

Inequality of wealth distribution (Gini index)

43.0 (2012)
(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 3
Civil Liberties: 3 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 3.2%   Mobile 104.5% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

37.00% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Manila 125th (2014)

CO2 emissions(Metric tons of CO2 per capita)

0.9 (2010)

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