Source
Central bank

Bangko Sentral ng Pilipinas

International Reserves

US$ 82.788 billion (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 292 billion (2014 estimate)

GDP (Purchasing Power Parity)

493 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
4.9% 6.4% 4.8% 5.2% 6.6% 4.2% 1.1% 7.6%
2011 2012 2013 2014*        
3.6% 6.8% 7.2% 6.5%        

*Estimate

GDP per capita - current prices

US$ 2,935 (2014 estimate)

GDP per capita - PPP

$4,962 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.57% 0.49% 0.44% 0.49% 0.54%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 11.2% 
  • industry: 31.6% 
  • services: 57.2% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2011 2012 2013 2014*
4.7% 3.2% 2.9% 4.4%

*Estimate

Unemployment rate
2011 2012 2013 2014*
7.0% 7.0% 7.1% 6.9%

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
43.5% 41.4% 40.6% 38.3% 35.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-2.4% -0.4% -0.7% -0.1% -0.8%

*Estimate  

Government bond ratings

Standard & Poor's: BBB

Moody's rating: Baa3

Moody's outlook: POS

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010 2011 2012
US$202.2 billion US$198.4 billion  US$266.3 billion
Largest companies in The Philippines

San Miguel, SM Investments, Top Frontier Investment Holdings, BPI, PLDT, Metropolitan Bank & Trust, Manila Electric, Ayala, Aboitiz Equity Ventures, Alliance Global Group

 
 
Source
Current account balance

US$ 9.298 billion (2014 estimate)

Current account balance by percentage of GDP

3.186% of GDP (2014 estimate)

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

27.9% (2013)

Shares in world total merchandising export

0.28% (2012)

Shares in world total commercial services export

0.42% (2012)

Total exports

US$47.450 billion (2013 estimate) 

Export commodities

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

Total imports

US$63.910 billion (2013 estimate) 

 
 
Source
Import commodities

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

Exports - major partners

Japan 19%, US 14.2%, China 11.8%, Singapore 9.3%, Hong Kong 9.2%, South Korea 5.5%, Thailand 4.7% (2012)

Imports - major partners

US 11.5%, China 10.8%, Japan 10.4%, South Korea 7.3%, Singapore 7.1%, Thailand 5.6%, Saudi Arabia 5.6%, Indonesia 4.4%, Malaysia 4% (2012)

FDI inflows
2011 2012 2013
US$2,007 million US$3,215 million US$3,860 million  
FDI outflows
2011 2012 2013  
US$2,350 million US$4,173 million US$3,642 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$19 million US$479 million US$682 million US$71 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 108 out of 185 countries (2013)

Subcategories:

Starting a business: 170 out of 189 countries

Enforcing Contracts: 114 out of 189 countries

Registering Property: 121 out of 189 countries

Getting credit: 86 out of 189 countries

Protecting investors: 128 out of 189 countries

Trading across border: 42 out of 189 countries

Paying Taxes: 131 out of 189 countries

Dealing with Construction Permits: 99 out of 189 countries

Getting Electricity: 33 out of 189 countries

Resolving Insolvency: 100 out of 185 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

52

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 89 Score: 60.1 (Moderately Free) (2014)

(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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