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Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about The Philippines economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of The Philippines best banks and safest banks are also available.
With Trump at the helm in the US, Philippine president Rodrigo Duterte's anti-American rhetoric may backfire.
Central Bank of the Philippines (Bangko Sentral ng Pilipinas)
USD 79.2 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
USD 330.8 billion (2018, estimate)
Intl$ 952.6 billion (2018, estimate)
2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
6.6% | 4.2% | 1.1% | 7.6% | 3.7% | 6.7% | 7.1% |
2014 | 2015 | 2016 | 2017 | 2018* | ||
6.1% | 6.1% | 6.9% | 6.7% | 6.2% |
*Estimate
1980 | 1990 | 2000 | 2010 | 2019* |
0.71% | 0.61% | 0.54% | 0.59% | 0.73% |
*Estimate
(2018 estimate)
2015 | 2016 | 2017 | 2018* | 2019* |
0.7% | 1.3% | 2.9% | 5.2% | 2.5% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
6.3% | 5.5% | 5.7% | 5.3% | 5.2% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
41.5% | 39% | 39.9% | 38.9% | 39.3% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
0.6% | -0.4% | -0.4% | -1.6% | -1.1% |
*Estimate
Standard & Poor's: BBB+
Moody's: Baa2
Standard & Poor's / Moody's
2016 | 2017 | 2018 |
USD 239.7 billion | USD 290.4 billion | USD 258.2 billion |
BDO Unibank, SM Investments, Top Frontier Investment Holdings, Ayala, Metropolitan Bank & Trust, JG Summit Holdings
-2.6 % (2018 estimate)
31.7% (2018)
0.35% (2018)
0.65% (2018)
Semiconductors and electronic products, machinery and transport equipment, wood manufactures, chemicals, processed food and beverages, garments, coconut oil, copper concentrates, seafood, bananas/fruits
Electronic products, mineral fuels, machinery and transport equipment, iron and steel, textile fabrics, grains, chemicals, plastic
Japan 16.4%, US 14.6%, Hong Kong 13.7%, China 11%, Singapore 6.1%, Thailand 4.3%, Germany 4.1%, South Korea 4% (2017)
China 18.1%, Japan 11.4%, South Korea 8.8%, US 7.4%, Thailand 7.1%, Indonesia 6.7%, Singapore 5.9% (2017)
2016 | 2017 | 2018 |
USD 6,915 million | USD 8,704 million |
USD 6,456 million |
2016 | 2017 | 2018 |
USD 1,032 million | USD 1,752 million | USD 602 million |
2015 | 2016 | 2017 | 2018 |
USD 1,485 million | USD 415 million | USD 348 million | USD 1,201 million |
N/A
N/A
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:
95 out of 190 countries
Subcategories:
Starting a Business: 171 out of 190 countries
Dealing with Construction Permits: 85 out of 190 countries
Getting Electricity: 32 out of 190 countries
Registering Property: 120 out of 190 countries
Getting Credit: 132 out of 190 countries
Protecting Minority Investors: 72 out of 190 countries
Paying Taxes: 95 out of 190 countries
Trading across Borders: 113 out of 190 countries
Enforcing Contracts: 152 out of 190 countries
Resolving Insolvency: 65 out of 190 countries
64 out of 141 countries
(2019)
Ranking: 70 / Score: 63.8 (Moderately free)
(100=totally free 0=totally repressed)
Filipino (official; based on Tagalog) and English (official); eight major dialects - Tagalog, Cebuano, Ilocano, Hiligaynon or Ilonggo, Bicol, Waray, Pampango, and Pangasinan
Catholic 82.9% (Roman Catholic 80.9%, Aglipayan 2%), Muslim 5%, Evangelical 2.8%, Iglesia ni Kristo 2.3%, other Christian 4.5%, other 1.8%, unspecified 0.6%, none 0.1% (2000 census)
1990 | 2000 | 2010 | 2016* | 2021* |
60.94 million | 76.79 million | 92.6 million | 104.195 million | 115.04 million |
*Estimate
1960 | 1980 | 2000 | 2015 |
30% | 38% | 48% | 44% |
Total population: 96.3%
Male: 95.8%
Female: 96.8% (2015 est.)
(age 15 and over can read and write)
43.0 (2012)
(0=perfect equality, 100=absolute inequality)
Political Rights: 3
Civil Liberties: 3 (2017)
(1 represents the most free, 7 the least free rating)
Fixed 3.17% Mobile 115.75% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)