Source
Central bank

Central Bank of the Philippines (Bangko Sentral ng Pilipinas)

International Reserves

USD 79.2 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019

Gross Domestic Product - GDP

USD 330.8 billion (2018, estimate)

GDP (Purchasing Power Parity)

Intl$ 952.6 billion (2018, estimate)

Real GDP growth
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

GDP per capita - current prices

USD 3,103.6 (2018, estimate)

GDP per capita - PPP

Intl$ 8,935.9 (2018, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2019*
0.71% 0.61% 0.54% 0.59% 0.73%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 9.3% 
  • industry: 30.7% 
  • services: 50%

(2018 estimate)

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

N/A

 

Inflation
2015 2016 2017 2018* 2019*
0.7% 1.3% 2.9% 5.2% 2.5%

*Estimate

Unemployment rate
2015 2016 2017 2018* 2019*
6.3% 5.5% 5.7% 5.3% 5.2%

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2015 2016 2017 2018* 2019*
41.5% 39% 39.9% 38.9% 39.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017 2018* 2019*
0.6% -0.4% -0.4% -1.6% -1.1%

*Estimate  

Government bond ratings

Standard & Poor's: BBB+

Moody's: Baa2

Standard & Poor's / Moody's 

Market value of publicly traded shares
2016 2017 2018
USD 239.7 billion USD 290.4 billion USD 258.2 billion
Largest companies

BDO Unibank, SM Investments, Top Frontier Investment Holdings, Ayala, Metropolitan Bank & Trust, JG Summit Holdings

 
 
Source
Current account balance

USD -8.7 billion (2018 estimate)

Current account balance by percentage of GDP

-2.6 % (2018 estimate)

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

31.7% (2018)

Shares in world total merchandising export

0.35% (2018)

Shares in world total commercial services export

0.65% (2018)

Total exports

USD 88.0 billion (2018)

Export commodities

Semiconductors and electronic products, machinery and transport equipment, wood manufactures, chemicals, processed food and beverages, garments, coconut oil, copper concentrates, seafood, bananas/fruits

Total imports

USD 127.7 billion (2018 estimate)

 
 
Source
Import commodities

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

Exports - major partners

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)

Imports - major partners

China 18.1%, Japan 11.4%, South Korea 8.8%, US 7.4%, Thailand 7.1%, Indonesia 6.7%, Singapore 5.9% (2017)

FDI inflows
2016 2017 2018
USD 6,915 million USD 8,704 million

USD 6,456 million

FDI outflows
2016 2017 2018
USD 1,032 million USD 1,752 million USD 602 million
Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
USD 1,485 million USD 415 million USD 348 million USD 1,201 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:

​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

Global competitiveness ranking

64 out of 141 countries

(2019)

Index of Economic Freedom

Ranking: 70 / Score: 63.8 (Moderately free)

(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

Presidential 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

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)

Total population
1990 2000 2010 2016* 2021*
60.94 million 76.79 million 92.6 million 104.195 million 115.04 million

*Estimate 

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
30% 38% 48% 44%
Population median age

23.4 years (2016 estimate)

Population growth rate

1.59% (2016 estimate)

Life expectancy

69.2 years (2016 estimate)

Literacy

Total population: 96.3%
Male: 95.8%
Female: 96.8% (2015 est.)

(age 15 and over can read and write)

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

43.0 (2012)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 3
Civil Liberties: 3 (2017)                         

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

Source
Total telephone subscribers as % of population

Fixed 3.17%   Mobile 115.75% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

40.7% (2015)

Mercer Cost of living index

Manila: 80th (2016)

CO2 emissions

1.0 (2013)

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