Philippines |
Gross domestic product, constant prices |
National currency |
Billions |
Source: National Statistics Office. accessed via Haver
Latest actual data: 2020
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2018
Chain-weighted: No
Primary domestic currency: Philippine peso
Data last updated: 09/2021
|
19,382.751 |
17,527.235 |
18,092.151 |
19,232.372 |
20,570.642 |
21,956.820 |
23,374.163 |
24,886.916 |
2020 |
Philippines |
Gross domestic product, constant prices |
Percent change |
|
See notes for:
Gross domestic product, constant prices (National currency).
|
6.119 |
-9.573 |
3.223 |
6.302 |
6.958 |
6.739 |
6.455 |
6.472 |
2020 |
Philippines |
Gross domestic product, current prices |
National currency |
Billions |
Source: National Statistics Office. accessed via Haver
Latest actual data: 2020
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2018
Chain-weighted: No
Primary domestic currency: Philippine peso
Data last updated: 09/2021
|
19,517.864 |
17,938.584 |
19,028.388 |
20,754.336 |
22,751.863 |
24,889.663 |
27,156.019 |
29,633.407 |
2020 |
Philippines |
Gross domestic product, current prices |
U.S. dollars |
Billions |
See notes for:
Gross domestic product, current prices (National currency).
|
376.823 |
361.489 |
385.737 |
406.107 |
438.182 |
471.806 |
506.660 |
544.175 |
2020 |
Philippines |
Gross domestic product, current prices |
Purchasing power parity; international dollars |
Billions |
See notes for:
Gross domestic product, current prices (National currency).
|
1,004.508 |
919.293 |
983.118 |
1,073.841 |
1,175.893 |
1,283.740 |
1,396.294 |
1,517.467 |
2020 |
Philippines |
Gross domestic product, deflator |
Index |
|
See notes for:
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).
|
100.697 |
102.347 |
105.175 |
107.914 |
110.604 |
113.357 |
116.180 |
119.072 |
2020 |
Philippines |
Gross domestic product per capita, constant prices |
National currency |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).
|
180,640.736 |
161,095.910 |
163,788.169 |
171,493.005 |
180,668.576 |
189,943.936 |
199,165.117 |
208,866.848 |
2020 |
Philippines |
Gross domestic product per capita, constant prices |
Purchasing power parity; 2017 international dollar |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).
|
8,982.570 |
8,010.681 |
8,144.557 |
8,527.689 |
8,983.955 |
9,445.183 |
9,903.717 |
10,386.146 |
2020 |
Philippines |
Gross domestic product per capita, current prices |
National currency |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
181,899.944 |
164,876.691 |
172,263.920 |
185,064.192 |
199,825.881 |
215,315.360 |
231,389.325 |
248,702.425 |
2020 |
Philippines |
Gross domestic product per capita, current prices |
U.S. dollars |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
3,511.868 |
3,322.512 |
3,492.072 |
3,621.212 |
3,848.483 |
4,081.493 |
4,317.116 |
4,567.060 |
2020 |
Philippines |
Gross domestic product per capita, current prices |
Purchasing power parity; international dollars |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
9,361.679 |
8,449.381 |
8,900.160 |
9,575.326 |
10,327.676 |
11,105.372 |
11,897.455 |
12,735.553 |
2020 |
Philippines |
Gross domestic product based on purchasing-power-parity (PPP) share of world total |
Percent |
|
See notes for:
Gross domestic product, current prices (National currency).
|
0.745 |
0.697 |
0.680 |
0.689 |
0.712 |
0.735 |
0.758 |
0.781 |
2020 |
Philippines |
Implied PPP conversion rate |
National currency per current international dollar |
|
See notes for:
Gross domestic product, current prices (National currency).
|
19.430 |
19.513 |
19.355 |
19.327 |
19.349 |
19.388 |
19.449 |
19.528 |
2020 |
Philippines |
Total investment |
Percent of GDP |
|
Source: National Statistics Office. accessed via Haver
Latest actual data: 2020
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2018
Chain-weighted: No
Primary domestic currency: Philippine peso
Data last updated: 09/2021
|
26.402 |
17.383 |
19.842 |
20.156 |
22.083 |
24.000 |
25.903 |
27.635 |
2020 |
Philippines |
Gross national savings |
Percent of GDP |
|
Source: National Statistics Office. accessed via Haver
Latest actual data: 2020
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2018
Chain-weighted: No
Primary domestic currency: Philippine peso
Data last updated: 09/2021
|
25.593 |
20.973 |
20.231 |
18.307 |
20.272 |
22.164 |
24.068 |
25.812 |
2020 |
Philippines |
Inflation, average consumer prices |
Index |
|
Source: National Statistics Office. Accessed via Haver
Latest actual data: 2020
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2012
Primary domestic currency: Philippine peso
Data last updated: 09/2021
|
120.167 |
123.333 |
128.641 |
132.470 |
136.449 |
140.543 |
144.759 |
149.102 |
2020 |
Philippines |
Inflation, average consumer prices |
Percent change |
|
See notes for:
Inflation, average consumer prices (Index).
|
2.480 |
2.635 |
4.304 |
2.977 |
3.004 |
3.000 |
3.000 |
3.000 |
2020 |
Philippines |
Inflation, end of period consumer prices |
Index |
|
Source: National Statistics Office. Accessed via Haver
Latest actual data: 2020
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2012
Primary domestic currency: Philippine peso
Data last updated: 09/2021
|
121.900 |
126.200 |
130.355 |
134.130 |
138.154 |
142.299 |
146.568 |
150.965 |
2020 |
Philippines |
Inflation, end of period consumer prices |
Percent change |
|
See notes for:
Inflation, end of period consumer prices (Index).
|
2.523 |
3.527 |
3.292 |
2.896 |
3.000 |
3.000 |
3.000 |
3.000 |
2020 |
Philippines |
Volume of imports of goods and services |
Percent change |
|
Source: National Statistics Office. Accessed via CEIC
Latest actual data: 2020
Base year: 2005. Volume growth rate used as input
Methodology used to derive volumes: By Source, CEIC
Formula used to derive volumes: By Source, CEIC
Chain-weighted: No
Trade System: General trade
Excluded items in trade: Other;
Oil coverage: Primary or unrefined products; Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Philippine peso
Data last updated: 09/2021
|
0.634 |
-25.312 |
15.979 |
23.140 |
10.538 |
13.129 |
10.690 |
9.402 |
2020 |
Philippines |
Volume of Imports of goods |
Percent change |
|
Source: National Statistics Office. Accessed via CEIC
Latest actual data: 2020
Base year: 2005. Volume growth rate used as input
Methodology used to derive volumes: By Source, CEIC
Formula used to derive volumes: By Source, CEIC
Chain-weighted: No
Trade System: General trade
Excluded items in trade: Other;
Oil coverage: Primary or unrefined products; Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Philippine peso
Data last updated: 09/2021
|
-0.501 |
-22.687 |
20.103 |
21.850 |
9.895 |
13.012 |
10.497 |
9.267 |
2020 |
Philippines |
Volume of exports of goods and services |
Percent change |
|
Source: National Statistics Office. Accessed via CEIC
Latest actual data: 2020
Base year: 2005. Volume growth rate used as input
Methodology used to derive volumes: By Source, CEIC
Formula used to derive volumes: By Source, CEIC
Chain-weighted: No
Trade System: General trade
Excluded items in trade: Other;
Oil coverage: Primary or unrefined products; Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Philippine peso
Data last updated: 09/2021
|
8.683 |
-18.156 |
7.319 |
17.158 |
10.449 |
12.973 |
11.655 |
10.555 |
2020 |
Philippines |
Volume of exports of goods |
Percent change |
|
Source: National Statistics Office. Accessed via CEIC
Latest actual data: 2020
Base year: 2005. Volume growth rate used as input
Methodology used to derive volumes: By Source, CEIC
Formula used to derive volumes: By Source, CEIC
Chain-weighted: No
Trade System: General trade
Excluded items in trade: Other;
Oil coverage: Primary or unrefined products; Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Philippine peso
Data last updated: 09/2021
|
6.666 |
-12.784 |
11.512 |
13.530 |
8.802 |
11.665 |
10.640 |
9.348 |
2020 |
Philippines |
Unemployment rate |
Percent of total labor force |
|
Source: National Statistics Office. Accessed via Haver
Latest actual data: 2020
Employment type: Harmonized ILO definition. Please note that data prior to 2005 are not based on harmonized ILO definition but based on national definition.
Primary domestic currency: Philippine peso
Data last updated: 09/2021
|
5.100 |
10.400 |
7.825 |
6.833 |
5.900 |
5.500 |
5.100 |
4.900 |
2020 |
Philippines |
Population |
Persons |
Millions |
Source: National Statistics Office. Accessed via Haver
Latest actual data: 2020
Primary domestic currency: Philippine peso
Data last updated: 09/2021
|
107.300 |
108.800 |
110.461 |
112.147 |
113.858 |
115.596 |
117.361 |
119.152 |
2020 |
Philippines |
General government revenue |
National currency |
Billions |
Source: Ministry of Finance or Treasury. Department of Finance
Latest actual data: 2020
Fiscal assumptions: Revenue projections reflect the IMF staff's macroeconomic assumptions and incorporate the updated data. Expenditure projections are based on budgeted figures, institutional arrangements, and current data in each year.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Cash. Classification of revenues and expenses is based on GFSM 2001, but the accounting method is on a cash basis.
General government includes: Central Government; Local Government; Social Security Funds;. Local governments comprise provinces, cities, and municipalities.
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Securities Other than Shares; Loans; Other Accounts Receivable/Payable;. There is no information on the government's unfunded pension liabilities, thus, gross debt (GGXWDG) does not include that information.
Primary domestic currency: Philippine peso
Data last updated: 09/2021
|
3,906.042 |
3,702.946 |
3,819.002 |
4,334.376 |
4,821.432 |
5,390.255 |
5,968.697 |
6,588.162 |
2020 |
Philippines |
General government revenue |
Percent of GDP |
|
See notes for:
General government revenue (National currency).
|
20.013 |
20.642 |
20.070 |
20.884 |
21.191 |
21.657 |
21.979 |
22.232 |
2020 |
Philippines |
General government total expenditure |
National currency |
Billions |
Source: Ministry of Finance or Treasury. Department of Finance
Latest actual data: 2020
Fiscal assumptions: Revenue projections reflect the IMF staff's macroeconomic assumptions and incorporate the updated data. Expenditure projections are based on budgeted figures, institutional arrangements, and current data in each year.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Cash. Classification of revenues and expenses is based on GFSM 2001, but the accounting method is on a cash basis.
General government includes: Central Government; Local Government; Social Security Funds;. Local governments comprise provinces, cities, and municipalities.
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Securities Other than Shares; Loans; Other Accounts Receivable/Payable;. There is no information on the government's unfunded pension liabilities, thus, gross debt (GGXWDG) does not include that information.
Primary domestic currency: Philippine peso
Data last updated: 09/2021
|
4,229.630 |
4,732.767 |
5,269.034 |
5,620.533 |
5,959.598 |
6,374.771 |
6,753.517 |
7,200.246 |
2020 |
Philippines |
General government total expenditure |
Percent of GDP |
|
See notes for:
General government total expenditure (National currency).
|
21.671 |
26.383 |
27.690 |
27.081 |
26.194 |
25.612 |
24.869 |
24.298 |
2020 |
Philippines |
General government net lending/borrowing |
National currency |
Billions |
Source: Ministry of Finance or Treasury. Department of Finance
Latest actual data: 2020
Fiscal assumptions: Revenue projections reflect the IMF staff's macroeconomic assumptions and incorporate the updated data. Expenditure projections are based on budgeted figures, institutional arrangements, and current data in each year.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Cash. Classification of revenues and expenses is based on GFSM 2001, but the accounting method is on a cash basis.
General government includes: Central Government; Local Government; Social Security Funds;. Local governments comprise provinces, cities, and municipalities.
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Securities Other than Shares; Loans; Other Accounts Receivable/Payable;. There is no information on the government's unfunded pension liabilities, thus, gross debt (GGXWDG) does not include that information.
Primary domestic currency: Philippine peso
Data last updated: 09/2021
|
-323.587 |
-1,029.821 |
-1,450.032 |
-1,286.157 |
-1,138.166 |
-984.516 |
-784.820 |
-612.084 |
2020 |
Philippines |
General government net lending/borrowing |
Percent of GDP |
|
See notes for:
General government net lending/borrowing (National currency).
|
-1.658 |
-5.741 |
-7.620 |
-6.197 |
-5.003 |
-3.956 |
-2.890 |
-2.066 |
2020 |
Philippines |
General government structural balance |
National currency |
Billions |
Source: Ministry of Finance or Treasury. Department of Finance
Latest actual data: 2020
Fiscal assumptions: Revenue projections reflect the IMF staff's macroeconomic assumptions and incorporate the updated data. Expenditure projections are based on budgeted figures, institutional arrangements, and current data in each year.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Cash. Classification of revenues and expenses is based on GFSM 2001, but the accounting method is on a cash basis.
General government includes: Central Government; Local Government; Social Security Funds;. Local governments comprise provinces, cities, and municipalities.
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Securities Other than Shares; Loans; Other Accounts Receivable/Payable;. There is no information on the government's unfunded pension liabilities, thus, gross debt (GGXWDG) does not include that information.
Primary domestic currency: Philippine peso
Data last updated: 09/2021
|
-322.084 |
-682.494 |
-1,261.888 |
-1,229.597 |
-1,128.584 |
-987.654 |
-787.700 |
-616.069 |
2020 |
Philippines |
General government structural balance |
Percent of potential GDP |
|
See notes for:
General government structural balance (National currency).
|
-1.649 |
-3.478 |
-6.319 |
-5.847 |
-4.949 |
-3.968 |
-2.901 |
-2.079 |
2020 |
Philippines |
General government primary net lending/borrowing |
National currency |
Billions |
Source: Ministry of Finance or Treasury. Department of Finance
Latest actual data: 2020
Fiscal assumptions: Revenue projections reflect the IMF staff's macroeconomic assumptions and incorporate the updated data. Expenditure projections are based on budgeted figures, institutional arrangements, and current data in each year.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Cash. Classification of revenues and expenses is based on GFSM 2001, but the accounting method is on a cash basis.
General government includes: Central Government; Local Government; Social Security Funds;. Local governments comprise provinces, cities, and municipalities.
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Securities Other than Shares; Loans; Other Accounts Receivable/Payable;. There is no information on the government's unfunded pension liabilities, thus, gross debt (GGXWDG) does not include that information.
Primary domestic currency: Philippine peso
Data last updated: 09/2021
|
-13.562 |
-703.154 |
-978.423 |
-779.438 |
-608.318 |
-392.462 |
-138.751 |
75.518 |
2020 |
Philippines |
General government primary net lending/borrowing |
Percent of GDP |
|
See notes for:
General government primary net lending/borrowing (National currency).
|
-0.069 |
-3.920 |
-5.142 |
-3.756 |
-2.674 |
-1.577 |
-0.511 |
0.255 |
2020 |
Philippines |
General government gross debt |
National currency |
Billions |
Source: Ministry of Finance or Treasury. Department of Finance
Latest actual data: 2020
Fiscal assumptions: Revenue projections reflect the IMF staff's macroeconomic assumptions and incorporate the updated data. Expenditure projections are based on budgeted figures, institutional arrangements, and current data in each year.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Cash. Classification of revenues and expenses is based on GFSM 2001, but the accounting method is on a cash basis.
General government includes: Central Government; Local Government; Social Security Funds;. Local governments comprise provinces, cities, and municipalities.
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Securities Other than Shares; Loans; Other Accounts Receivable/Payable;. There is no information on the government's unfunded pension liabilities, thus, gross debt (GGXWDG) does not include that information.
Primary domestic currency: Philippine peso
Data last updated: 09/2021
|
7,215.072 |
9,269.841 |
11,248.528 |
12,920.233 |
14,409.539 |
15,797.091 |
16,995.658 |
18,018.060 |
2020 |
Philippines |
General government gross debt |
Percent of GDP |
|
See notes for:
General government gross debt (National currency).
|
36.967 |
51.675 |
59.114 |
62.253 |
63.333 |
63.468 |
62.585 |
60.803 |
2020 |
Philippines |
Gross domestic product corresponding to fiscal year, current prices |
National currency |
Billions |
Source: Ministry of Finance or Treasury. Department of Finance
Latest actual data: 2020
Fiscal assumptions: Revenue projections reflect the IMF staff's macroeconomic assumptions and incorporate the updated data. Expenditure projections are based on budgeted figures, institutional arrangements, and current data in each year.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Cash. Classification of revenues and expenses is based on GFSM 2001, but the accounting method is on a cash basis.
General government includes: Central Government; Local Government; Social Security Funds;. Local governments comprise provinces, cities, and municipalities.
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Securities Other than Shares; Loans; Other Accounts Receivable/Payable;. There is no information on the government's unfunded pension liabilities, thus, gross debt (GGXWDG) does not include that information.
Primary domestic currency: Philippine peso
Data last updated: 09/2021
|
19,517.864 |
17,938.584 |
19,028.388 |
20,754.336 |
22,751.863 |
24,889.663 |
27,156.019 |
29,633.407 |
2020 |
Philippines |
Current account balance |
U.S. dollars |
Billions |
Source: Central Bank. Accessed via Haver
Latest actual data: 2020
BOP Manual used: Balance of Payments and International Investment Position Manual, sixth edition (BPM6)
Primary domestic currency: Philippine peso
Data last updated: 09/2021
|
-3.047 |
12.979 |
1.503 |
-7.505 |
-7.937 |
-8.662 |
-9.295 |
-9.915 |
2020 |
Philippines |
Current account balance |
Percent of GDP |
|
See notes for:
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).
|
-0.809 |
3.590 |
0.390 |
-1.848 |
-1.811 |
-1.836 |
-1.835 |
-1.822 |
2020 |