World Economic Outlook Database, April 2013

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5. Report for Selected Countries and Subjects

You will find notes on the data and options to download the table below your results.
       Shaded cells indicate IMF staff estimates
CountrySubject DescriptorUnitsScaleCountry/Series-specific Notes198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018
PhilippinesGross domestic product, constant pricesNational currencyBillionsSource: CEIC
Latest actual data: 2012
National accounts manual used: SNA 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2000
Chain-weighted: No
Primary domestic currency: Philippine pesos
Data last updated: 04/20132,284.5032,362.7072,448.2212,494.1162,311.4552,142.5662,215.7732,311.3092,467.3812,620.4902,700.0732,684.4582,693.5212,750.5242,871.2063,005.5413,181.2413,346.2003,326.9023,429.4353,580.7143,684.3393,818.6664,008.4694,276.9414,481.2814,716.2315,028.2885,237.1015,297.2405,701.5405,924.4086,314.8656,695.2377,061.3707,435.6237,837.1478,268.1908,722.940
PhilippinesGross domestic product, constant pricesPercent change See notes for: 
Gross domestic product, constant prices (National currency).5.1493.4233.6191.875-7.324-7.3073.4174.3126.7536.2053.037-0.5780.3382.1164.3884.6795.8465.185-0.5773.0824.4112.8943.6464.9706.6984.7785.2436.6174.1531.1487.6323.9096.5916.0235.4695.3005.4005.5005.500
PhilippinesGross domestic product, current pricesNational currencyBillionsSource: CEIC
Latest actual data: 2012
National accounts manual used: SNA 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2000
Chain-weighted: No
Primary domestic currency: Philippine pesos
Data last updated: 04/2013270.062311.995351.417408.920581.100633.620674.618756.471885.4561,025.3491,190.5071,379.8751,497.4641,633.6291,875.6902,111.7052,406.3882,688.7182,952.7623,244.1973,580.7123,888.8014,198.3484,548.1015,120.4365,677.7506,271.1576,892.7217,720.9058,026.1449,003.4799,735.52110,568.40511,549.55312,573.27313,674.09614,880.77616,211.80817,641.099
PhilippinesGross domestic product, current pricesU.S. dollarsBillionsSee notes for: 
Gross domestic product, current prices (National currency).35.95439.49541.15036.79734.76833.90933.09036.77841.97547.17148.97150.21658.69560.23771.00382.12191.79291.23472.20782.99581.02376.26281.35883.90891.371103.074122.211149.360173.603168.485199.591224.771250.436284.472315.116344.418376.686412.431451.036
PhilippinesGross domestic product, deflatorIndex See notes for: 
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).11.82213.20514.35416.39525.14029.57330.44632.72935.88639.12844.09251.40255.59559.39365.32870.26075.64380.35188.75494.599100.000105.549109.943113.462119.722126.699132.970137.079147.427151.516157.913164.329167.358172.504178.057183.900189.875196.074202.238
PhilippinesGross domestic product per capita, constant pricesNational currencyUnitsSee notes for: 
Gross domestic product, constant prices (National currency)
Population (Persons).47,278.61547,692.92148,212.31847,908.49243,326.24339,190.89439,567.37240,266.70442,033.74943,602.16143,903.62942,610.44041,824.85241,737.84042,527.84743,934.23845,439.81446,702.02844,264.26344,665.73346,629.95246,880.50647,638.04948,955.41051,184.07152,560.18154,228.25156,682.31357,868.51958,211.42961,571.70662,891.80565,917.17168,680.09071,015.59473,313.15775,756.92978,356.43181,045.132
PhilippinesGross domestic product per capita, current pricesNational currencyUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).5,589.0426,297.8456,920.3887,854.78410,892.23011,589.89712,046.75713,178.93015,084.43517,060.71119,357.83621,902.77723,252.55024,789.52127,782.41330,868.36334,372.06337,525.72139,286.34942,253.15246,629.92649,482.13552,374.60155,545.93361,278.55466,593.36172,107.12977,699.48185,313.86788,199.38597,229.795103,349.480110,317.380118,475.919126,448.319134,822.745143,843.410153,636.944163,904.046
PhilippinesGross domestic product per capita, current pricesU.S. dollarsUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).744.071797.231810.350706.824651.705620.246590.895640.726715.079784.881796.274797.084911.418914.0731,051.6801,200.4291,311.1261,273.325960.7101,080.9471,055.123970.3771,014.9411,024.7701,093.4801,208.9341,405.2061,683.6881,918.2621,851.4802,155.4092,386.1002,614.1562,918.1263,169.0913,395.8693,641.1943,908.5494,190.594
PhilippinesOutput gap in percent of potential GDPPercent of potential GDP                                         
PhilippinesGross domestic product based on purchasing-power-parity (PPP) valuation of country GDPCurrent international dollarBillionsSee notes for: 
Gross domestic product, current prices (National currency).64.44272.89480.14084.87181.60977.93782.38188.42797.641107.616115.163118.555121.776127.101135.473144.766156.147167.143168.057175.785187.512197.298207.803222.718242.734260.982283.541311.073331.177337.900368.549391.119424.355457.314491.909528.418568.550612.704660.105
PhilippinesGross domestic product based on purchasing-power-parity (PPP) per capita GDPCurrent international dollarUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).1,333.6521,471.4161,578.1751,630.2461,529.6991,425.5821,471.0901,540.5441,663.3921,790.6161,872.5761,881.8271,890.9321,928.6942,006.6052,116.1532,230.3552,332.7762,235.9852,289.4652,441.8802,510.4772,592.3482,720.0592,904.9093,061.0183,260.2133,506.6273,659.4123,713.1823,980.0084,152.0024,429.5894,691.1524,947.0895,210.0565,495.8255,806.5096,133.058
PhilippinesGross domestic product based on purchasing-power-parity (PPP) share of world totalPercent See notes for: 
Gross domestic product, current prices (National currency).0.5700.5780.5950.5910.5220.4660.4660.4690.4800.4910.4900.4780.4370.4370.4420.4460.4560.4600.4460.4440.4430.4450.4490.4540.4590.4580.4590.4640.4710.4810.4920.4930.5100.5240.5320.5370.5420.5480.553
PhilippinesImplied PPP conversion rateNational currency per current international dollar See notes for: 
Gross domestic product, current prices (National currency).4.1914.2804.3854.8187.1218.1308.1898.5559.0689.52810.33811.63912.29712.85313.84514.58715.41116.08617.57018.45519.09619.71020.20420.42121.09521.75522.11722.15823.31423.75324.43024.89124.90525.25525.56025.87726.17326.45926.725
PhilippinesTotal investmentPercent of GDP Source: CEIC
Latest actual data: 2012
National accounts manual used: SNA 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2000
Chain-weighted: No
Primary domestic currency: Philippine pesos
Data last updated: 04/201331.84030.48430.81132.83924.70317.42417.89519.78320.63524.39525.79522.50923.55426.75426.57024.82126.48427.37423.38618.95818.36822.14124.47022.98021.61221.55018.00917.33719.28816.59220.54121.71419.42720.09520.55421.04221.10821.17321.139
PhilippinesGross national savingsPercent of GDP Source: CEIC
Latest actual data: 2012
National accounts manual used: SNA 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2000
Chain-weighted: No
Primary domestic currency: Philippine pesos
Data last updated: 04/201317.65119.55417.37119.20416.01413.77717.31315.08316.04816.92116.83316.26217.56316.59517.55116.07217.46917.61625.47815.49415.61819.84724.12423.32023.39023.47122.37922.09921.37722.14625.01124.88422.29322.52922.52622.85722.69422.51922.343
PhilippinesInflation, average consumer pricesIndex Source: CEIC
Latest actual data: 2012
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2006
Primary domestic currency: Philippine pesos
Data last updated: 04/20139.74311.01812.00712.63818.53722.84022.76623.45826.32729.32033.19039.58343.00845.89650.66754.14258.64261.95867.75871.93376.65880.80083.00084.88388.95094.817100.000102.942111.358116.042120.450126.133130.083134.068138.384142.925147.569152.387157.177
PhilippinesInflation, average consumer pricesPercent change See notes for: 
Inflation, average consumer prices (Index).18.20113.0838.9795.25246.67323.215-0.3253.04212.23011.36713.20119.2618.6516.71610.3946.8598.3125.6569.3616.1626.5695.4032.7232.2694.7916.5955.4672.9428.1764.2063.7994.7183.1323.0633.2193.2813.2493.2653.143
PhilippinesInflation, end of period consumer pricesIndex Source: CEIC
Latest actual data: 2012
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2006
Primary domestic currency: Philippine pesos
Data last updated: 04/201310.05511.69812.64414.30321.57322.79322.71724.31826.64430.70736.28841.09244.12247.37451.50055.70059.80063.70070.10072.80079.10082.00083.70085.80091.90097.300101.300105.000113.200118.200122.500127.600131.300136.167140.309145.115149.674154.675159.315
PhilippinesInflation, end of period consumer pricesPercent change See notes for: 
Inflation, end of period consumer prices (Index).15.42916.3378.08513.12650.8265.656-0.3367.0479.56615.24818.17813.2387.3747.3708.7098.1557.3616.52210.0473.8528.6543.6662.0732.5097.1105.8764.1113.6537.8104.4173.6384.1632.9003.7073.0423.4253.1423.3423.000
PhilippinesSix-month London interbank offered rate (LIBOR)Percent                                         
PhilippinesVolume of imports of goods and servicesPercent change Source: CEIC
Latest actual data: 2012
Base year: Volume growth rate used as input
Methodology used to derive volumes: Other
Formula used to derive volumes: By Source, CEIC
Trade System: General trade
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: Philippine pesos
Data last updated: 04/20133.723-0.7912.447-3.055-17.477-14.20410.23628.62719.61615.17910.040-1.1188.70311.4939.09510.1488.25513.931-15.15421.962-0.464-7.8014.731-4.786-1.889-1.8371.7652.475-4.668-9.90622.145-6.4617.4968.6098.4148.2738.7079.2719.526
PhilippinesVolume of Imports of goodsPercent change Source: CEIC
Latest actual data: 2012
Base year: Volume growth rate used as input
Methodology used to derive volumes: Other
Formula used to derive volumes: By Source, CEIC
Trade System: General trade
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: Philippine pesos
Data last updated: 04/20131.594-7.47212.975-2.849-18.085-12.2432.74725.36614.24520.44412.434-5.54418.40027.80617.74514.50318.54820.776-9.98231.089-0.728-9.0185.288-5.081-3.061-1.9521.2770.545-6.732-12.54221.404-8.9416.0308.6368.6998.4678.8819.4699.700
PhilippinesVolume of exports of goods and servicesPercent change Source: CEIC
Latest actual data: 2012
Base year: Volume growth rate used as input
Methodology used to derive volumes: Other
Formula used to derive volumes: By Source, CEIC
Trade System: General trade
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: Philippine pesos
Data last updated: 04/201315.2879.439-10.5494.4643.839-16.61117.0936.50414.69310.7061.2555.3764.2836.22114.98313.29914.8846.3437.79211.2897.751-13.3679.768-4.2903.4330.24411.9087.964-8.459-8.43326.536-6.4809.1247.3536.9498.1048.1078.6489.755
PhilippinesVolume of exports of goodsPercent change Source: CEIC
Latest actual data: 2012
Base year: Volume growth rate used as input
Methodology used to derive volumes: Other
Formula used to derive volumes: By Source, CEIC
Trade System: General trade
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: Philippine pesos
Data last updated: 04/201320.6361.0995.606-5.035-2.261-10.441-5.3694.66525.1698.2326.2375.5926.03019.64814.49319.64119.68029.45123.06417.9158.817-13.6539.653-4.4881.954-0.8817.913-0.271-9.306-14.76526.544-13.8029.7546.4236.0677.3547.2656.8299.014
PhilippinesValue of oil importsU.S. dollarsBillionsSource: CEIC
Latest actual data: 2012
Base year: Volume growth rate used as input
Methodology used to derive volumes: Other
Formula used to derive volumes: By Source, CEIC
Trade System: General trade
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: Philippine pesos
Data last updated: 04/20131.8572.0811.7841.7411.4721.2770.7281.0620.9191.3581.8421.7842.0502.0162.0242.4613.0652.9302.0202.4203.8773.3723.2733.7664.7146.2807.9999.59312.3957.3619.58912.55213.66514.86415.57416.39217.46118.86120.475
PhilippinesValue of oil exportsU.S. dollarsBillionsSource: CEIC
Latest actual data: 2012
Base year: Volume growth rate used as input
Methodology used to derive volumes: Other
Formula used to derive volumes: By Source, CEIC
Trade System: General trade
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: Philippine pesos
Data last updated: 04/20130.0420.0890.0640.1420.0930.0390.0630.0880.1620.0950.1550.1750.1500.1360.1320.1710.2720.2580.1290.2160.4360.2420.3530.5330.3800.5860.9181.1091.2400.2930.3710.6480.4650.5060.5300.5580.5940.6420.697
PhilippinesUnemployment ratePercent of total labor force Source: CEIC
Latest actual data: 2012
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 pesos
Data last updated: 04/2013n/an/an/an/an/a11.05811.68211.0629.4029.1298.40010.5009.8009.2759.4759.5258.5258.67510.0509.75011.17511.12511.40011.40011.82511.3507.9507.3257.4007.4757.3257.0257.0257.0257.0257.0257.0257.0257.025
PhilippinesEmploymentPersonsMillions                                        
PhilippinesPopulationPersonsMillionsSource: CEIC
Latest actual data: 2011
Primary domestic currency: Philippine pesos
Data last updated: 04/201348.32049.54050.78052.06053.35054.67056.00057.40058.70060.10061.50063.00064.40065.90067.51468.41070.01071.65075.16076.78076.79078.59080.16081.88083.56085.26086.97088.71090.50091.00092.60094.20095.80097.48499.434101.423103.451105.520107.631
PhilippinesGeneral government revenueNational currencyBillionsSource: Department of Finance, Department of Budget and Management
Latest actual data: 2011. 2012 data accommodates actual figures for national government revenue and expenditure, but reflects projections for local governments and social security institutions.
Fiscal assumptions: Fiscal projections assume that the authorities’ fiscal deficit target will be achieved in 2013 and beyond. Revenue projections reflect the IMF staff’s macroeconomic assumptions and incorporate anticipated improvements in tax administration. Expenditure projections are based on budgeted figures, institutional arrangements, and fiscal space in each year.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Cash
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Philippine pesos
Data last updated: 04/2013n/an/an/an/an/an/an/an/an/an/an/an/an/an/a371.804415.435500.170572.815579.648618.017648.382705.172733.098798.261881.7911,012.8221,194.5291,288.4061,441.0361,401.2011,505.4461,686.0491,890.2972,087.7972,304.7942,516.0942,756.4713,001.9333,265.849
PhilippinesGeneral government revenuePercent of GDP See notes for: 
General government revenue (National currency).n/an/an/an/an/an/an/an/an/an/an/an/an/an/a19.82219.67320.78521.30419.63119.05018.10818.13317.46217.55217.22117.83819.04818.69218.66417.45816.72117.31917.88618.07718.33118.40018.52418.51718.513
PhilippinesGeneral government total expenditureNational currencyBillionsSource: Department of Finance, Department of Budget and Management
Latest actual data: 2011. 2012 data accommodates actual figures for national government revenue and expenditure, but reflects projections for local governments and social security institutions.
Fiscal assumptions: Fiscal projections assume that the authorities’ fiscal deficit target will be achieved in 2013 and beyond. Revenue projections reflect the IMF staff’s macroeconomic assumptions and incorporate anticipated improvements in tax administration. Expenditure projections are based on budgeted figures, institutional arrangements, and fiscal space in each year.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Cash
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Philippine pesos
Data last updated: 04/2013n/an/an/an/an/an/an/an/an/an/an/an/an/an/a380.398415.784486.845562.635619.508694.594769.431845.789894.366962.9631,031.2341,108.9561,197.5661,308.9151,439.7101,611.7421,731.9151,742.6281,988.7812,179.6742,414.9622,641.7142,896.0843,157.7883,443.362
PhilippinesGeneral government total expenditurePercent of GDP See notes for: 
General government total expenditure (National currency).n/an/an/an/an/an/an/an/an/an/an/an/an/an/a20.28019.68920.23120.92620.98121.41021.48821.74921.30321.17320.14019.53219.09618.99018.64720.08119.23617.90018.81818.87219.20719.31919.46219.47819.519
PhilippinesGeneral government net lending/borrowingNational currencyBillionsSource: Department of Finance, Department of Budget and Management
Latest actual data: 2011. 2012 data accommodates actual figures for national government revenue and expenditure, but reflects projections for local governments and social security institutions.
Fiscal assumptions: Fiscal projections assume that the authorities’ fiscal deficit target will be achieved in 2013 and beyond. Revenue projections reflect the IMF staff’s macroeconomic assumptions and incorporate anticipated improvements in tax administration. Expenditure projections are based on budgeted figures, institutional arrangements, and fiscal space in each year.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Cash
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Philippine pesos
Data last updated: 04/2013n/an/an/an/an/an/an/an/an/an/an/an/an/an/a-8.594-0.34913.32510.180-39.860-76.577-121.049-140.617-161.268-164.702-149.443-96.134-3.037-20.5101.326-210.541-226.470-56.580-98.483-91.876-110.168-125.620-139.614-155.856-177.513
PhilippinesGeneral government net lending/borrowingPercent of GDP See notes for: 
General government net lending/borrowing (National currency).n/an/an/an/an/an/an/an/an/an/an/an/an/an/a-0.458-0.0170.5540.379-1.350-2.360-3.381-3.616-3.841-3.621-2.919-1.693-0.048-0.2980.017-2.623-2.515-0.581-0.932-0.795-0.876-0.919-0.938-0.961-1.006
PhilippinesGeneral government structural balanceNational currencyBillionsSource: Department of Finance, Department of Budget and Management
Latest actual data: 2011. 2012 data accommodates actual figures for national government revenue and expenditure, but reflects projections for local governments and social security institutions.
Fiscal assumptions: Fiscal projections assume that the authorities’ fiscal deficit target will be achieved in 2013 and beyond. Revenue projections reflect the IMF staff’s macroeconomic assumptions and incorporate anticipated improvements in tax administration. Expenditure projections are based on budgeted figures, institutional arrangements, and fiscal space in each year.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Cash
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Philippine pesos
Data last updated: 04/2013n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a-135.229-147.491-184.861-184.285-192.439-148.505-85.750-130.739-122.481-272.820-319.100-183.737-256.188-245.457-266.055-284.451-304.764-330.670-357.905
PhilippinesGeneral government structural balancePercent of potential GDP See notes for: 
General government structural balance (National currency).n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a-3.744-3.754-4.320-3.980-3.758-2.616-1.375-1.936-1.606-3.316-3.543-1.864-2.428-2.138-2.127-2.086-2.051-2.042-2.029
PhilippinesGeneral government primary net lending/borrowingNational currencyBillionsSource: Department of Finance, Department of Budget and Management
Latest actual data: 2011. 2012 data accommodates actual figures for national government revenue and expenditure, but reflects projections for local governments and social security institutions.
Fiscal assumptions: Fiscal projections assume that the authorities’ fiscal deficit target will be achieved in 2013 and beyond. Revenue projections reflect the IMF staff’s macroeconomic assumptions and incorporate anticipated improvements in tax administration. Expenditure projections are based on budgeted figures, institutional arrangements, and fiscal space in each year.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Cash
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Philippine pesos
Data last updated: 04/2013n/an/an/an/an/an/an/an/an/an/an/an/an/an/a87.06691.464112.003111.78078.83345.58231.57046.88426.89862.753112.942202.608298.868235.452263.37955.24546.713194.310181.082208.592203.404202.258203.154204.119199.181
PhilippinesGeneral government primary net lending/borrowingPercent of GDP See notes for: 
General government primary net lending/borrowing (National currency).n/an/an/an/an/an/an/an/an/an/an/an/an/an/a4.6424.3314.6544.1572.6701.4050.8821.2060.6411.3802.2063.5684.7663.4163.4110.6880.5191.9961.7131.8061.6181.4791.3651.2591.129
PhilippinesGeneral government net debtNational currencyBillions                                        
PhilippinesGeneral government net debtPercent of GDP                                         
PhilippinesGeneral government gross debtNational currencyBillionsSource: Department of Finance, Department of Budget and Management
Latest actual data: 2011. 2012 data accommodates actual figures for national government revenue and expenditure, but reflects projections for local governments and social security institutions.
Fiscal assumptions: Fiscal projections assume that the authorities’ fiscal deficit target will be achieved in 2013 and beyond. Revenue projections reflect the IMF staff’s macroeconomic assumptions and incorporate anticipated improvements in tax administration. Expenditure projections are based on budgeted figures, institutional arrangements, and fiscal space in each year.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Cash
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Philippine pesos
Data last updated: 04/2013n/an/an/an/an/an/an/an/an/an/an/an/an/an/a1,229.2231,324.4291,316.9361,577.7891,507.6301,738.3422,104.5342,287.8142,655.6953,094.3323,369.4543,359.4593,234.7883,076.8873,410.1123,559.0393,913.0714,079.1884,430.1824,588.5914,775.9104,974.7105,199.7945,424.7915,670.670
PhilippinesGeneral government gross debtPercent of GDP See notes for: 
General government gross debt (National currency).n/an/an/an/an/an/an/an/an/an/an/an/an/an/a65.53462.71854.72758.68251.05853.58358.77458.83163.25668.03665.80459.16951.58244.64044.16744.34343.46241.90041.91939.73037.98536.38134.94333.46232.145
PhilippinesGross domestic product corresponding to fiscal year, current pricesNational currencyBillionsSource: Department of Finance, Department of Budget and Management
Latest actual data: 2011. 2012 data accommodates actual figures for national government revenue and expenditure, but reflects projections for local governments and social security institutions.
Fiscal assumptions: Fiscal projections assume that the authorities’ fiscal deficit target will be achieved in 2013 and beyond. Revenue projections reflect the IMF staff’s macroeconomic assumptions and incorporate anticipated improvements in tax administration. Expenditure projections are based on budgeted figures, institutional arrangements, and fiscal space in each year.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Cash
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Philippine pesos
Data last updated: 04/2013n/an/an/a408.920581.100633.620674.618756.471885.4561,025.3491,190.5071,379.8751,497.4641,633.6291,875.6902,111.7052,406.3882,688.7182,952.7623,244.1973,580.7123,888.8014,198.3484,548.1015,120.4365,677.7506,271.1576,892.7217,720.9058,026.1449,003.4799,735.52110,568.40511,549.55312,573.27313,674.09614,880.77616,211.80817,641.099
PhilippinesCurrent account balanceU.S. dollarsBillionsSource: CEIC
Latest actual data: 2012
BOP Manual used: BPM 5
Primary domestic currency: Philippine pesos
Data last updated: 04/2013-2.485-1.327-1.987-1.769-0.1630.5231.2060.1980.317-1.456-2.690-0.944-0.993-3.003-2.849-1.965-3.861-4.3301.510-2.875-2.228-1.750-0.2820.2851.6251.9805.3417.1123.6279.3588.9227.1257.1776.9256.2156.2605.9905.5765.459
PhilippinesCurrent account balancePercent of GDP See notes for: 
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).-6.911-3.360-4.828-4.808-0.4671.5423.6450.5390.755-3.087-5.493-1.879-1.692-4.985-4.013-2.393-4.207-4.7462.091-3.464-2.750-2.295-0.3470.3401.7781.9214.3704.7622.0895.5544.4703.1702.8662.4341.9721.8181.5901.3521.210
United StatesGross domestic product, constant pricesNational currencyBillionsSource: Haver Analytics
Latest actual data: 2012
National accounts manual used: Other
GDP valuation: Real Gross Domestic Product determined by chained Fisher quantity growth rates.
Start/end months of reporting year: January/December
Base year: 2005
Chain-weighted: Yes, from 1980
Primary domestic currency: U.S. dollars
Data last updated: 03/20135,833.9755,982.0755,865.9256,130.9256,571.5256,843.4007,080.5007,307.0507,607.4007,879.1758,027.0258,008.3258,280.0258,516.1758,863.1259,085.9759,425.8509,845.92510,274.75010,770.62511,216.42511,337.47511,543.10011,836.42512,246.92512,622.95012,958.47513,206.37513,161.92512,757.95013,062.97513,299.10013,593.20013,844.78114,253.20814,760.97215,269.35215,779.27516,239.380
United StatesGross domestic product, constant pricesPercent change See notes for: 
Gross domestic product, constant prices (National currency).-0.2752.539-1.9424.5187.1874.1373.4653.2004.1103.5731.876-0.2333.3932.8524.0742.5143.7414.4574.3554.8264.1391.0791.8142.5413.4683.0702.6581.913-0.337-3.0692.3911.8082.2111.8512.9503.5623.4443.3402.916
United StatesGross domestic product, current pricesNational currencyBillionsSource: Haver Analytics
Latest actual data: 2012
National accounts manual used: Other
GDP valuation: Real Gross Domestic Product determined by chained Fisher quantity growth rates.
Start/end months of reporting year: January/December
Base year: 2005
Chain-weighted: Yes, from 1980
Primary domestic currency: U.S. dollars
Data last updated: 03/20132,788.1503,126.8503,253.1753,534.6003,930.9254,217.4754,460.0504,736.3505,100.4255,482.1255,800.5255,992.1006,342.3006,667.3257,085.1507,414.6257,838.4758,332.3508,793.4759,353.5009,951.47510,286.17510,642.30011,142.22511,853.25012,622.95013,377.20014,028.67514,291.55013,973.65014,498.92515,075.67515,684.75016,237.74617,049.02718,012.18519,020.50920,077.90821,101.368
United StatesGross domestic product, current pricesU.S. dollarsBillionsSee notes for: 
Gross domestic product, current prices (National currency).2,788.1503,126.8503,253.1753,534.6003,930.9254,217.4754,460.0504,736.3505,100.4255,482.1255,800.5255,992.1006,342.3006,667.3257,085.1507,414.6257,838.4758,332.3508,793.4759,353.5009,951.47510,286.17510,642.30011,142.22511,853.25012,622.95013,377.20014,028.67514,291.55013,973.65014,498.92515,075.67515,684.75016,237.74617,049.02718,012.18519,020.50920,077.90821,101.368
United StatesGross domestic product, deflatorIndex See notes for: 
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).47.79252.27055.45957.65259.81861.62862.99164.81967.04669.57772.26274.82376.59878.29079.94081.60583.15984.62785.58386.84388.72290.72792.19694.13596.786100.000103.231106.227108.583109.529110.993113.359115.387117.284119.615122.026124.567127.242129.939
United StatesGross domestic product per capita, constant pricesNational currencyUnitsSee notes for: 
Gross domestic product, constant prices (National currency)
Population (Persons).25,630.11126,018.56225,270.23526,172.96327,809.24028,703.67129,429.40930,101.04031,054.73231,862.61132,102.01131,604.51132,245.95532,736.08433,658.55534,099.06734,964.85936,089.17937,224.34338,577.43939,732.86339,750.49940,077.56440,712.30841,743.01842,628.55243,349.54243,743.74543,193.78941,506.31042,174.96542,633.06443,265.03643,695.73344,582.88345,758.63246,911.71048,045.23149,004.423
United StatesGross domestic product per capita, current pricesNational currencyUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).12,249.04013,599.98714,014.58415,089.23316,634.80517,689.60118,537.76419,511.16520,820.82322,169.17623,197.70023,647.56624,699.62625,629.12526,906.52727,826.60129,076.54730,541.33331,857.83933,501.68435,251.92736,064.52036,949.99338,324.55340,401.19742,628.55244,750.28846,467.46646,900.90545,461.42946,811.05648,328.24949,922.11351,248.20853,327.97755,837.31158,436.31261,133.84463,676.098
United StatesGross domestic product per capita, current pricesU.S. dollarsUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).12,249.04013,599.98714,014.58415,089.23316,634.80517,689.60118,537.76419,511.16520,820.82322,169.17623,197.70023,647.56624,699.62625,629.12526,906.52727,826.60129,076.54730,541.33331,857.83933,501.68435,251.92736,064.52036,949.99338,324.55340,401.19742,628.55244,750.28846,467.46646,900.90545,461.42946,811.05648,328.24949,922.11351,248.20853,327.97755,837.31158,436.31261,133.84463,676.098
United StatesOutput gap in percent of potential GDPPercent of potential GDP See notes for: 
Gross domestic product, constant prices (National currency).-2.141-1.743-6.576-5.129-1.222-0.490-0.345-0.2140.8621.5070.266-2.728-2.037-1.931-0.811-1.257-0.7160.4471.2812.4502.9740.917-0.688-0.9440.0240.5800.7060.282-1.802-6.111-4.990-4.682-4.279-4.428-3.642-2.366-1.282-0.3830.031
United StatesGross domestic product based on purchasing-power-parity (PPP) valuation of country GDPCurrent international dollarBillionsSee notes for: 
Gross domestic product, current prices (National currency).2,788.1503,126.8503,253.1753,534.6003,930.9254,217.4754,460.0504,736.3505,100.4255,482.1255,800.5255,992.1006,342.3006,667.3257,085.1507,414.6257,838.4758,332.3508,793.4759,353.5009,951.47510,286.17510,642.30011,142.22511,853.25012,622.95013,377.20014,028.67514,291.55013,973.65014,498.92515,075.67515,684.75016,237.74617,049.02718,012.18519,020.50920,077.90821,101.368
United StatesGross domestic product based on purchasing-power-parity (PPP) per capita GDPCurrent international dollarUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).12,249.04013,599.98714,014.58415,089.23316,634.80517,689.60118,537.76419,511.16520,820.82322,169.17623,197.70023,647.56624,699.62625,629.12526,906.52727,826.60129,076.54730,541.33331,857.83933,501.68435,251.92736,064.52036,949.99338,324.55340,401.19742,628.55244,750.28846,467.46646,900.90545,461.42946,811.05648,328.24949,922.11351,248.20853,327.97755,837.31158,436.31261,133.84463,676.098
United StatesGross domestic product based on purchasing-power-parity (PPP) share of world totalPercent See notes for: 
Gross domestic product, current prices (National currency).24.67724.78624.16824.60625.16025.21925.24225.12125.05525.00724.68224.13922.73722.90023.10622.85722.87022.93323.34623.64123.49323.22122.99722.73722.43622.16321.63720.94420.32919.87519.36319.01418.86518.61918.43518.30218.13417.94117.681
United StatesImplied PPP conversion rateNational currency per current international dollar See notes for: 
Gross domestic product, current prices (National currency).1.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.0001.000n/a
United StatesTotal investmentPercent of GDP Source: Haver Analytics
Latest actual data: 2012
National accounts manual used: Other
GDP valuation: Real Gross Domestic Product determined by chained Fisher quantity growth rates.
Start/end months of reporting year: January/December
Base year: 2005
Chain-weighted: Yes, from 1980
Primary domestic currency: U.S. dollars
Data last updated: 03/201320.78421.72519.35219.44122.25921.22020.62220.46519.75719.56618.56217.07517.15317.59018.60518.56618.93819.69520.17020.62220.86719.28818.70318.71719.74920.31420.57419.61518.08614.71515.46915.48916.16016.75617.60818.59419.44020.13220.605
United StatesGross national savingsPercent of GDP Source: Haver Analytics
Latest actual data: 2012
National accounts manual used: Other
GDP valuation: Real Gross Domestic Product determined by chained Fisher quantity growth rates.
Start/end months of reporting year: January/December
Base year: 2005
Chain-weighted: Yes, from 1980
Primary domestic currency: U.S. dollars
Data last updated: 03/201319.46520.66219.10417.04219.16517.50715.90416.51617.67516.85815.82015.87614.69914.37515.45016.44117.15118.31018.81418.26118.09016.48514.66713.93514.66915.20116.41614.59613.35211.13412.21212.18913.13113.84014.57715.49416.18216.73517.102
United StatesInflation, average consumer pricesIndex Source: Haver Analytics
Latest actual data: 2011
Harmonized prices: No
Frequency of source data: Monthly
Base year: Base is 1982-1984=100
Primary domestic currency: U.S. dollars
Data last updated: 03/201382.38390.93396.53399.583103.933107.600109.692113.617118.275123.942130.658136.167140.308144.475148.225152.383156.858160.525163.008166.583172.192177.042179.867184.000188.908195.267201.558207.344215.254214.567218.085224.935229.604233.802237.807242.267247.165252.595258.313
United StatesInflation, average consumer pricesPercent change See notes for: 
Inflation, average consumer prices (Index).13.50210.3786.1583.1604.3683.5281.9443.5784.1004.7915.4194.2163.0422.9702.5962.8052.9372.3381.5472.1933.3672.8171.5962.2982.6683.3663.2222.8713.815-0.3201.6403.1412.0761.8281.7131.8762.0222.1972.263
United StatesInflation, end of period consumer pricesIndex Source: Haver Analytics
Latest actual data: 2011
Harmonized prices: No
Frequency of source data: Monthly
Base year: Base is 1982-1984=100
Primary domestic currency: U.S. dollars
Data last updated: 03/201386.75094.18397.967101.817105.783109.283111.133115.783120.983126.950134.267138.200142.550146.333150.317154.383159.150161.833164.433169.267175.067177.783182.433185.917191.883198.950203.325211.630213.141217.204220.836227.620231.820235.713239.987244.635249.789255.431261.235
United StatesInflation, end of period consumer pricesPercent change See notes for: 
Inflation, end of period consumer prices (Index).11.8878.5694.0173.9303.8963.3091.6934.1844.4914.9325.7632.9293.1482.6542.7222.7053.0881.6861.6072.9393.4271.5522.6161.9093.2093.6832.1994.0840.7141.9071.6723.0721.8451.6801.8131.9372.1072.2592.272
United StatesSix-month London interbank offered rate (LIBOR)Percent  14.02916.71913.6019.93411.2898.6456.8467.3048.1289.2728.3536.0793.9013.4115.0716.1005.5905.8595.5645.5286.6493.7281.8751.2301.7923.7635.2745.2523.0461.1210.5180.5070.6870.4600.608n/an/an/an/a
United StatesVolume of imports of goods and servicesPercent change Source: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes: Other
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports: Other
Valuation of imports: Other
Primary domestic currency: U.S. dollars
Data last updated: 03/2013-6.6342.620-1.25912.62724.3376.4908.5445.9163.9314.4013.577-0.1497.0148.64811.9308.0048.69513.46511.68911.51013.027-2.8123.4024.42411.0916.1456.0982.408-2.688-13.53412.4814.7792.4342.3005.1625.8915.8495.7715.349
United StatesVolume of Imports of goodsPercent change Source: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes: Other
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports: Other
Valuation of imports: Other
Primary domestic currency: U.S. dollars
Data last updated: 03/2013-7.4392.073-2.50813.59024.1856.24710.2624.6314.0444.3172.9080.4599.41910.01613.3499.0079.37314.41111.84712.47013.422-3.1903.7134.93211.0726.7945.9212.599-3.839-15.59914.8655.1822.0952.4605.3926.2566.1396.0075.525
United StatesVolume of exports of goods and servicesPercent change Source: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes: Other
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports: Other
Valuation of imports: Other
Primary domestic currency: U.S. dollars
Data last updated: 03/201310.7651.238-7.646-2.5808.1713.0267.68210.76016.00811.4998.9966.6366.8643.2778.72410.1228.30111.9182.2874.3628.592-5.611-2.0031.6099.5476.7508.9699.3036.102-9.13311.1376.6823.4033.3325.2085.6855.6735.5485.396
United StatesVolume of exports of goodsPercent change Source: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes: Other
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports: Other
Valuation of imports: Other
Primary domestic currency: U.S. dollars
Data last updated: 03/201311.913-1.073-9.033-2.8827.9013.7005.13411.07318.85311.9108.4216.8947.4853.2599.72911.7048.81614.3772.2373.79811.091-6.189-3.5991.7968.5277.5369.4229.7486.330-11.96414.2927.1734.2263.0565.2355.9185.8225.7075.559
United StatesValue of oil importsU.S. dollarsBillionsSource: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes: Other
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports: Other
Valuation of imports: Other
Primary domestic currency: U.S. dollars
Data last updated: 03/201379.52578.40061.92555.07558.07551.40034.30042.95039.62550.90062.30051.75051.55051.47551.27556.05072.75071.77550.90067.800120.300103.600103.475133.075180.450251.850302.450346.700476.125267.700353.750462.300436.675427.471418.346414.307413.857418.580424.394
United StatesValue of oil exportsU.S. dollarsBillionsSource: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes: Other
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports: Other
Valuation of imports: Other
Primary domestic currency: U.S. dollars
Data last updated: 03/20137.3287.6009.6008.0007.5007.8004.0005.1004.4005.6677.6477.5927.6197.5026.9668.0979.63110.4188.0748.62012.01410.63610.33712.69317.08322.66431.57037.75867.18149.17970.867113.240123.859132.596126.102120.617116.764114.606113.094
United StatesUnemployment ratePercent of total labor force Source: Haver Analytics
Latest actual data: 2011
Employment type: National definition
Primary domestic currency: U.S. dollars
Data last updated: 03/20137.1757.6179.7089.6007.5087.1927.0006.1755.4925.2585.6176.8507.4926.9086.1005.5925.4084.9424.5004.2173.9674.7425.7835.9925.5425.0834.6084.6175.8009.2839.6258.9258.0757.7437.4566.8586.3165.8695.601
United StatesEmploymentPersonsMillionsSource: Haver Analytics
Latest actual data: 2011
Employment type: National definition
Primary domestic currency: U.S. dollars
Data last updated: 03/201399.303100.40099.529100.822105.003107.154109.601112.439114.974117.327118.796117.713118.488120.259123.071124.908126.720129.572131.476133.501136.901136.939136.481137.729139.240141.710144.418146.050145.373139.894139.077139.882142.469144.661147.088n/an/an/an/a
United StatesPopulationPersonsMillionsSource: Haver Analytics
Latest actual data: 2011
Primary domestic currency: U.S. dollars
Data last updated: 03/2013227.622229.916232.128234.247236.307238.416240.593242.751244.968247.286250.047253.392256.777260.146263.325266.458269.581272.822276.022279.195282.296285.216288.019290.733293.389296.115298.930301.903304.718307.374309.733311.943314.184316.845319.701322.583325.491328.425331.386
United StatesGeneral government revenueNational currencyBillionsSource: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2012
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the February 2013 Congressional Budget Office baseline adjusted according to the IMF staff’s policy and macroeconomic assumptions. This baseline incorporates the provisions of the American Taxpayer Relief Act, signed into law on January 2, 2013. The key near-term policy assumptions include replacement of automatic spending cuts (“sequester”) with back-loaded consolidation measures in fiscal year 2014 and onward. (The sequester is assumed to be in full effect from March 1, 2013, to September 30, 2013) Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to Medicare payments (“DocFix”) and extend certain traditional programs (such as the research and development tax credit). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 03/2013882.6001,011.1001,042.3001,108.9001,229.1001,338.7001,423.7001,548.3001,658.7001,799.3001,907.9002,010.6002,071.0002,194.4002,359.4002,496.1002,676.6002,868.9003,059.7003,249.4003,506.3003,524.0003,387.5003,477.6003,733.7004,160.5004,523.1004,759.5004,645.5004,307.5004,527.3004,734.1004,980.8365,346.3485,802.7456,303.3496,689.3026,973.2837,356.142
United StatesGeneral government revenuePercent of GDP See notes for: 
General government revenue (National currency).31.65532.33632.03931.37331.26731.74231.92132.69032.52132.82132.89233.55432.65432.91333.30133.66534.14734.43134.79534.74035.23434.26031.83131.21131.49932.96033.81233.92732.50530.82631.22531.40231.75632.92534.03634.99535.16934.73134.861
United StatesGeneral government total expenditureNational currencyBillionsSource: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2012
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the February 2013 Congressional Budget Office baseline adjusted according to the IMF staff’s policy and macroeconomic assumptions. This baseline incorporates the provisions of the American Taxpayer Relief Act, signed into law on January 2, 2013. The key near-term policy assumptions include replacement of automatic spending cuts (“sequester”) with back-loaded consolidation measures in fiscal year 2014 and onward. (The sequester is assumed to be in full effect from March 1, 2013, to September 30, 2013) Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to Medicare payments (“DocFix”) and extend certain traditional programs (such as the research and development tax credit). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 03/2013946.7001,072.0001,191.3001,299.5001,409.0001,541.9001,648.9001,741.4001,832.6001,968.5002,143.2002,298.3002,431.6002,520.6002,613.2002,732.7002,848.4002,935.4003,026.0003,177.6003,353.5003,579.4003,800.9004,022.1004,254.2004,563.4004,795.9005,144.6005,601.7256,171.4506,141.8126,247.9616,312.4246,409.3646,730.1337,048.9307,460.4317,819.4788,248.398
United StatesGeneral government total expenditurePercent of GDP See notes for: 
General government total expenditure (National currency).33.95434.28436.62036.76535.84436.56036.97036.76735.93035.90836.94838.35638.33937.80536.88336.85636.33935.22934.41233.97233.69934.79835.71536.09835.89136.15235.85136.67239.19644.16542.36041.44440.24639.47239.47539.13439.22338.94639.089
United StatesGeneral government net lending/borrowingNational currencyBillionsSource: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2012
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the February 2013 Congressional Budget Office baseline adjusted according to the IMF staff’s policy and macroeconomic assumptions. This baseline incorporates the provisions of the American Taxpayer Relief Act, signed into law on January 2, 2013. The key near-term policy assumptions include replacement of automatic spending cuts (“sequester”) with back-loaded consolidation measures in fiscal year 2014 and onward. (The sequester is assumed to be in full effect from March 1, 2013, to September 30, 2013) Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to Medicare payments (“DocFix”) and extend certain traditional programs (such as the research and development tax credit). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 03/2013-64.100-60.900-149.000-190.600-179.900-203.200-225.200-193.100-173.900-169.200-235.300-287.700-360.600-326.200-253.800-236.600-171.800-66.50033.70071.800152.800-55.400-413.400-544.500-520.500-402.900-272.800-385.100-956.225-1,863.950-1,614.512-1,513.861-1,331.588-1,063.015-927.388-745.580-771.129-846.195-892.256
United StatesGeneral government net lending/borrowingPercent of GDP See notes for: 
General government net lending/borrowing (National currency).-2.299-1.948-4.580-5.392-4.577-4.818-5.049-4.077-3.410-3.086-4.057-4.801-5.686-4.893-3.582-3.191-2.192-0.7980.3830.7681.535-0.539-3.884-4.887-4.391-3.192-2.039-2.745-6.691-13.339-11.135-10.042-8.490-6.547-5.440-4.139-4.054-4.215-4.228
United StatesGeneral government structural balanceNational currencyBillionsSource: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2012
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the February 2013 Congressional Budget Office baseline adjusted according to the IMF staff’s policy and macroeconomic assumptions. This baseline incorporates the provisions of the American Taxpayer Relief Act, signed into law on January 2, 2013. The key near-term policy assumptions include replacement of automatic spending cuts (“sequester”) with back-loaded consolidation measures in fiscal year 2014 and onward. (The sequester is assumed to be in full effect from March 1, 2013, to September 30, 2013) Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to Medicare payments (“DocFix”) and extend certain traditional programs (such as the research and development tax credit). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 03/201313.992-30.484-65.434-116.096-156.285-192.522-217.906-188.914-191.344-199.130-238.413-229.211-302.738-276.381-225.532-204.682-150.638-80.246-10.781-18.05341.043-96.240-384.851-500.987-519.831-428.085-306.498-394.663-746.962-1,211.407-1,293.867-1,213.726-1,043.252-785.331-683.592-572.285-671.189-810.653-889.727
United StatesGeneral government structural balancePercent of potential GDP See notes for: 
General government structural balance (National currency).0.491-0.958-1.879-3.117-3.928-4.543-4.869-3.981-3.784-3.687-4.121-3.721-4.676-4.065-3.158-2.726-1.908-0.967-0.124-0.1980.425-0.944-3.591-4.454-4.387-3.411-2.307-2.821-5.132-8.139-8.479-7.674-6.367-4.622-3.864-3.102-3.484-4.022-4.218
United StatesGeneral government primary net lending/borrowingNational currencyBillionsSource: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2012
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the February 2013 Congressional Budget Office baseline adjusted according to the IMF staff’s policy and macroeconomic assumptions. This baseline incorporates the provisions of the American Taxpayer Relief Act, signed into law on January 2, 2013. The key near-term policy assumptions include replacement of automatic spending cuts (“sequester”) with back-loaded consolidation measures in fiscal year 2014 and onward. (The sequester is assumed to be in full effect from March 1, 2013, to September 30, 2013) Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to Medicare payments (“DocFix”) and extend certain traditional programs (such as the research and development tax credit). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 03/2013-11.3758.900-65.875-96.025-63.300-75.425-97.625-49.850-19.7255.300-42.875-76.225-141.400-103.575-20.07522.27591.950200.250301.800322.050397.550174.025-199.625-339.100-307.775-163.825-20.800-105.625-679.425-1,624.150-1,344.912-1,195.486-1,010.563-740.726-577.647-371.290-354.377-346.018-291.097
United StatesGeneral government primary net lending/borrowingPercent of GDP See notes for: 
General government primary net lending/borrowing (National currency).-0.4080.285-2.025-2.717-1.610-1.788-2.189-1.052-0.3870.097-0.739-1.272-2.229-1.553-0.2830.3001.1732.4033.4323.4433.9951.692-1.876-3.043-2.597-1.298-0.155-0.753-4.754-11.623-9.276-7.930-6.443-4.562-3.388-2.061-1.863-1.723-1.380
United StatesGeneral government net debtNational currencyBillionsSource: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2012
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the February 2013 Congressional Budget Office baseline adjusted according to the IMF staff’s policy and macroeconomic assumptions. This baseline incorporates the provisions of the American Taxpayer Relief Act, signed into law on January 2, 2013. The key near-term policy assumptions include replacement of automatic spending cuts (“sequester”) with back-loaded consolidation measures in fiscal year 2014 and onward. (The sequester is assumed to be in full effect from March 1, 2013, to September 30, 2013) Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to Medicare payments (“DocFix”) and extend certain traditional programs (such as the research and development tax credit). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 03/2013718.708799.421964.6181,169.2661,348.9521,576.8581,824.0232,040.7422,269.7962,447.2072,664.5272,959.5173,346.9563,689.8463,878.7924,018.9854,098.0534,095.4363,978.4223,786.6283,543.9443,587.9513,990.2534,577.6145,748.1176,181.5086,468.4956,730.4867,718.1589,317.24210,893.96912,428.29013,780.40414,454.59415,288.29815,956.12316,655.99017,439.18518,267.783
United StatesGeneral government net debtPercent of GDP See notes for: 
General government net debt (National currency).25.77725.56629.65233.08134.31637.38940.89743.08744.50244.64045.93649.39052.77255.34254.74554.20352.28149.15145.24340.48435.61234.88137.49441.08348.49448.97048.35547.97754.00566.67775.13682.43987.85989.01889.67388.58587.56986.85886.572
United StatesGeneral government gross debtNational currencyBillionsSource: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2012
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the February 2013 Congressional Budget Office baseline adjusted according to the IMF staff’s policy and macroeconomic assumptions. This baseline incorporates the provisions of the American Taxpayer Relief Act, signed into law on January 2, 2013. The key near-term policy assumptions include replacement of automatic spending cuts (“sequester”) with back-loaded consolidation measures in fiscal year 2014 and onward. (The sequester is assumed to be in full effect from March 1, 2013, to September 30, 2013) Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to Medicare payments (“DocFix”) and extend certain traditional programs (such as the research and development tax credit). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 03/20131,178.7331,294.8241,504.5751,740.7892,000.6852,351.2332,640.3012,886.8353,159.2563,410.3853,706.5334,097.6344,486.2904,828.2985,071.7705,272.9045,510.3585,648.9375,678.1745,690.9415,456.8555,631.3816,078.7086,731.9858,032.4328,502.9238,837.5129,328.37610,797.13712,445.90414,236.91715,457.31016,708.24717,556.01018,611.45219,517.87120,454.11321,471.44922,521.460
United StatesGeneral government gross debtPercent of GDP See notes for: 
General government gross debt (National currency).42.27741.41046.24949.25050.89655.75059.19960.95161.94162.20963.90068.38470.73672.41771.58371.11570.29967.79564.57360.84354.83554.74757.11860.41967.76667.36166.06466.49575.54989.06798.193102.531106.525108.119109.164108.359107.537106.941106.730
United StatesGross domestic product corresponding to fiscal year, current pricesNational currencyBillionsSource: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2012
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the February 2013 Congressional Budget Office baseline adjusted according to the IMF staff’s policy and macroeconomic assumptions. This baseline incorporates the provisions of the American Taxpayer Relief Act, signed into law on January 2, 2013. The key near-term policy assumptions include replacement of automatic spending cuts (“sequester”) with back-loaded consolidation measures in fiscal year 2014 and onward. (The sequester is assumed to be in full effect from March 1, 2013, to September 30, 2013) Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to Medicare payments (“DocFix”) and extend certain traditional programs (such as the research and development tax credit). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 03/20132,788.1503,126.8503,253.1753,534.6003,930.9254,217.4754,460.0504,736.3505,100.4255,482.1255,800.5255,992.1006,342.3006,667.3257,085.1507,414.6257,838.4758,332.3508,793.4759,353.5009,951.47510,286.17510,642.30011,142.22511,853.25012,622.95013,377.20014,028.67514,291.55013,973.65014,498.92515,075.67515,684.75016,237.74617,049.02718,012.18519,020.50920,077.90821,101.368
United StatesCurrent account balanceU.S. dollarsBillionsSource: Haver Analytics
Latest actual data: 2011
BOP Manual used: BPM 5. Certain provisions of BPM 6 have been incorporated as of July 2010
Primary domestic currency: U.S. dollars
Data last updated: 03/20132.3165.031-5.533-38.695-94.342-118.159-147.176-160.661-121.159-99.485-78.9652.895-51.614-84.816-121.612-113.571-124.773-140.720-215.066-301.653-416.342-396.596-457.245-519.097-628.521-745.773-800.621-710.304-677.134-381.898-441.952-465.928-474.983-473.473-516.662-558.514-619.701-682.060-739.126
United StatesCurrent account balancePercent of GDP See notes for: 
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).0.0830.161-0.170-1.095-2.400-2.802-3.300-3.392-2.375-1.815-1.3610.048-0.814-1.272-1.716-1.532-1.592-1.689-2.446-3.225-4.184-3.856-4.296-4.659-5.303-5.908-5.985-5.063-4.738-2.733-3.048-3.091-3.028-2.916-3.030-3.101-3.258-3.397-3.503
Notes
  Country/Series-specific Notes  
  Philippines: Gross domestic product, constant prices (National currency)
Source: CEIC
Latest actual data: 2012
National accounts manual used: SNA 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2000
Chain-weighted: No
Primary domestic currency: Philippine pesos
Data last updated: 04/2013


Philippines: Gross domestic product, constant prices (Percent change)
See notes for:
Gross domestic product, constant prices (National currency).


Philippines: Gross domestic product, current prices (National currency)
Source: CEIC
Latest actual data: 2012
National accounts manual used: SNA 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2000
Chain-weighted: No
Primary domestic currency: Philippine pesos
Data last updated: 04/2013


Philippines: Gross domestic product, current prices (U.S. dollars)
See notes for:
Gross domestic product, current prices (National currency).


Philippines: Gross domestic product, deflator (Index)
See notes for:
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).


Philippines: Gross domestic product per capita, constant prices (National currency)
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).


Philippines: Gross domestic product per capita, current prices (National currency)
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).


Philippines: Gross domestic product per capita, current prices (U.S. dollars)
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).


Philippines: Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP (Current international dollar)
See notes for:
Gross domestic product, current prices (National currency).


Philippines: Gross domestic product based on purchasing-power-parity (PPP) per capita GDP (Current international dollar)
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).


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).


Philippines: Implied PPP conversion rate (National currency per current international dollar)
See notes for:
Gross domestic product, current prices (National currency).


Philippines: Total investment (Percent of GDP)
Source: CEIC
Latest actual data: 2012
National accounts manual used: SNA 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2000
Chain-weighted: No
Primary domestic currency: Philippine pesos
Data last updated: 04/2013


Philippines: Gross national savings (Percent of GDP)
Source: CEIC
Latest actual data: 2012
National accounts manual used: SNA 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2000
Chain-weighted: No
Primary domestic currency: Philippine pesos
Data last updated: 04/2013


Philippines: Inflation, average consumer prices (Index)
Source: CEIC
Latest actual data: 2012
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2006
Primary domestic currency: Philippine pesos
Data last updated: 04/2013


Philippines: Inflation, average consumer prices (Percent change)
See notes for:
Inflation, average consumer prices (Index).


Philippines: Inflation, end of period consumer prices (Index)
Source: CEIC
Latest actual data: 2012
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2006
Primary domestic currency: Philippine pesos
Data last updated: 04/2013


Philippines: Inflation, end of period consumer prices (Percent change)
See notes for:
Inflation, end of period consumer prices (Index).


Philippines: Volume of imports of goods and services (Percent change)
Source: CEIC
Latest actual data: 2012
Base year: Volume growth rate used as input
Methodology used to derive volumes: Other
Formula used to derive volumes: By Source, CEIC
Trade System: General trade
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: Philippine pesos
Data last updated: 04/2013


Philippines: Volume of Imports of goods (Percent change)
Source: CEIC
Latest actual data: 2012
Base year: Volume growth rate used as input
Methodology used to derive volumes: Other
Formula used to derive volumes: By Source, CEIC
Trade System: General trade
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: Philippine pesos
Data last updated: 04/2013


Philippines: Volume of exports of goods and services (Percent change)
Source: CEIC
Latest actual data: 2012
Base year: Volume growth rate used as input
Methodology used to derive volumes: Other
Formula used to derive volumes: By Source, CEIC
Trade System: General trade
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: Philippine pesos
Data last updated: 04/2013


Philippines: Volume of exports of goods (Percent change)
Source: CEIC
Latest actual data: 2012
Base year: Volume growth rate used as input
Methodology used to derive volumes: Other
Formula used to derive volumes: By Source, CEIC
Trade System: General trade
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: Philippine pesos
Data last updated: 04/2013


Philippines: Value of oil imports (U.S. dollars)
Source: CEIC
Latest actual data: 2012
Base year: Volume growth rate used as input
Methodology used to derive volumes: Other
Formula used to derive volumes: By Source, CEIC
Trade System: General trade
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: Philippine pesos
Data last updated: 04/2013


Philippines: Value of oil exports (U.S. dollars)
Source: CEIC
Latest actual data: 2012
Base year: Volume growth rate used as input
Methodology used to derive volumes: Other
Formula used to derive volumes: By Source, CEIC
Trade System: General trade
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: Philippine pesos
Data last updated: 04/2013


Philippines: Unemployment rate (Percent of total labor force)
Source: CEIC
Latest actual data: 2012
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 pesos
Data last updated: 04/2013


Philippines: Population (Persons)
Source: CEIC
Latest actual data: 2011
Primary domestic currency: Philippine pesos
Data last updated: 04/2013


Philippines: General government revenue (National currency)
Source: Department of Finance, Department of Budget and Management
Latest actual data: 2011. 2012 data accommodates actual figures for national government revenue and expenditure, but reflects projections for local governments and social security institutions.
Fiscal assumptions: Fiscal projections assume that the authorities’ fiscal deficit target will be achieved in 2013 and beyond. Revenue projections reflect the IMF staff’s macroeconomic assumptions and incorporate anticipated improvements in tax administration. Expenditure projections are based on budgeted figures, institutional arrangements, and fiscal space in each year.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Cash
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Philippine pesos
Data last updated: 04/2013


Philippines: General government revenue (Percent of GDP)
See notes for:
General government revenue (National currency).


Philippines: General government total expenditure (National currency)
Source: Department of Finance, Department of Budget and Management
Latest actual data: 2011. 2012 data accommodates actual figures for national government revenue and expenditure, but reflects projections for local governments and social security institutions.
Fiscal assumptions: Fiscal projections assume that the authorities’ fiscal deficit target will be achieved in 2013 and beyond. Revenue projections reflect the IMF staff’s macroeconomic assumptions and incorporate anticipated improvements in tax administration. Expenditure projections are based on budgeted figures, institutional arrangements, and fiscal space in each year.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Cash
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Philippine pesos
Data last updated: 04/2013


Philippines: General government total expenditure (Percent of GDP)
See notes for:
General government total expenditure (National currency).


Philippines: General government net lending/borrowing (National currency)
Source: Department of Finance, Department of Budget and Management
Latest actual data: 2011. 2012 data accommodates actual figures for national government revenue and expenditure, but reflects projections for local governments and social security institutions.
Fiscal assumptions: Fiscal projections assume that the authorities’ fiscal deficit target will be achieved in 2013 and beyond. Revenue projections reflect the IMF staff’s macroeconomic assumptions and incorporate anticipated improvements in tax administration. Expenditure projections are based on budgeted figures, institutional arrangements, and fiscal space in each year.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Cash
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Philippine pesos
Data last updated: 04/2013


Philippines: General government net lending/borrowing (Percent of GDP)
See notes for:
General government net lending/borrowing (National currency).


Philippines: General government structural balance (National currency)
Source: Department of Finance, Department of Budget and Management
Latest actual data: 2011. 2012 data accommodates actual figures for national government revenue and expenditure, but reflects projections for local governments and social security institutions.
Fiscal assumptions: Fiscal projections assume that the authorities’ fiscal deficit target will be achieved in 2013 and beyond. Revenue projections reflect the IMF staff’s macroeconomic assumptions and incorporate anticipated improvements in tax administration. Expenditure projections are based on budgeted figures, institutional arrangements, and fiscal space in each year.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Cash
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Philippine pesos
Data last updated: 04/2013


Philippines: General government structural balance (Percent of potential GDP)
See notes for:
General government structural balance (National currency).


Philippines: General government primary net lending/borrowing (National currency)
Source: Department of Finance, Department of Budget and Management
Latest actual data: 2011. 2012 data accommodates actual figures for national government revenue and expenditure, but reflects projections for local governments and social security institutions.
Fiscal assumptions: Fiscal projections assume that the authorities’ fiscal deficit target will be achieved in 2013 and beyond. Revenue projections reflect the IMF staff’s macroeconomic assumptions and incorporate anticipated improvements in tax administration. Expenditure projections are based on budgeted figures, institutional arrangements, and fiscal space in each year.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Cash
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Philippine pesos
Data last updated: 04/2013


Philippines: General government primary net lending/borrowing (Percent of GDP)
See notes for:
General government primary net lending/borrowing (National currency).


Philippines: General government gross debt (National currency)
Source: Department of Finance, Department of Budget and Management
Latest actual data: 2011. 2012 data accommodates actual figures for national government revenue and expenditure, but reflects projections for local governments and social security institutions.
Fiscal assumptions: Fiscal projections assume that the authorities’ fiscal deficit target will be achieved in 2013 and beyond. Revenue projections reflect the IMF staff’s macroeconomic assumptions and incorporate anticipated improvements in tax administration. Expenditure projections are based on budgeted figures, institutional arrangements, and fiscal space in each year.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Cash
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Philippine pesos
Data last updated: 04/2013


Philippines: General government gross debt (Percent of GDP)
See notes for:
General government gross debt (National currency).


Philippines: Gross domestic product corresponding to fiscal year, current prices (National currency)
Source: Department of Finance, Department of Budget and Management
Latest actual data: 2011. 2012 data accommodates actual figures for national government revenue and expenditure, but reflects projections for local governments and social security institutions.
Fiscal assumptions: Fiscal projections assume that the authorities’ fiscal deficit target will be achieved in 2013 and beyond. Revenue projections reflect the IMF staff’s macroeconomic assumptions and incorporate anticipated improvements in tax administration. Expenditure projections are based on budgeted figures, institutional arrangements, and fiscal space in each year.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Cash
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Philippine pesos
Data last updated: 04/2013


Philippines: Current account balance (U.S. dollars)
Source: CEIC
Latest actual data: 2012
BOP Manual used: BPM 5
Primary domestic currency: Philippine pesos
Data last updated: 04/2013


Philippines: Current account balance (Percent of GDP)
See notes for:
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).


United States: Gross domestic product, constant prices (National currency)
Source: Haver Analytics
Latest actual data: 2012
National accounts manual used: Other
GDP valuation: Real Gross Domestic Product determined by chained Fisher quantity growth rates.
Start/end months of reporting year: January/December
Base year: 2005
Chain-weighted: Yes, from 1980
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: Gross domestic product, constant prices (Percent change)
See notes for:
Gross domestic product, constant prices (National currency).


United States: Gross domestic product, current prices (National currency)
Source: Haver Analytics
Latest actual data: 2012
National accounts manual used: Other
GDP valuation: Real Gross Domestic Product determined by chained Fisher quantity growth rates.
Start/end months of reporting year: January/December
Base year: 2005
Chain-weighted: Yes, from 1980
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: Gross domestic product, current prices (U.S. dollars)
See notes for:
Gross domestic product, current prices (National currency).


United States: Gross domestic product, deflator (Index)
See notes for:
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).


United States: Gross domestic product per capita, constant prices (National currency)
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).


United States: Gross domestic product per capita, current prices (National currency)
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).


United States: Gross domestic product per capita, current prices (U.S. dollars)
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).


United States: Output gap in percent of potential GDP (Percent of potential GDP)
See notes for:
Gross domestic product, constant prices (National currency).


United States: Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP (Current international dollar)
See notes for:
Gross domestic product, current prices (National currency).


United States: Gross domestic product based on purchasing-power-parity (PPP) per capita GDP (Current international dollar)
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).


United States: Gross domestic product based on purchasing-power-parity (PPP) share of world total (Percent)
See notes for:
Gross domestic product, current prices (National currency).


United States: Implied PPP conversion rate (National currency per current international dollar)
See notes for:
Gross domestic product, current prices (National currency).


United States: Total investment (Percent of GDP)
Source: Haver Analytics
Latest actual data: 2012
National accounts manual used: Other
GDP valuation: Real Gross Domestic Product determined by chained Fisher quantity growth rates.
Start/end months of reporting year: January/December
Base year: 2005
Chain-weighted: Yes, from 1980
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: Gross national savings (Percent of GDP)
Source: Haver Analytics
Latest actual data: 2012
National accounts manual used: Other
GDP valuation: Real Gross Domestic Product determined by chained Fisher quantity growth rates.
Start/end months of reporting year: January/December
Base year: 2005
Chain-weighted: Yes, from 1980
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: Inflation, average consumer prices (Index)
Source: Haver Analytics
Latest actual data: 2011
Harmonized prices: No
Frequency of source data: Monthly
Base year: Base is 1982-1984=100
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: Inflation, average consumer prices (Percent change)
See notes for:
Inflation, average consumer prices (Index).


United States: Inflation, end of period consumer prices (Index)
Source: Haver Analytics
Latest actual data: 2011
Harmonized prices: No
Frequency of source data: Monthly
Base year: Base is 1982-1984=100
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: Inflation, end of period consumer prices (Percent change)
See notes for:
Inflation, end of period consumer prices (Index).


United States: Volume of imports of goods and services (Percent change)
Source: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes: Other
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports: Other
Valuation of imports: Other
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: Volume of Imports of goods (Percent change)
Source: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes: Other
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports: Other
Valuation of imports: Other
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: Volume of exports of goods and services (Percent change)
Source: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes: Other
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports: Other
Valuation of imports: Other
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: Volume of exports of goods (Percent change)
Source: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes: Other
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports: Other
Valuation of imports: Other
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: Value of oil imports (U.S. dollars)
Source: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes: Other
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports: Other
Valuation of imports: Other
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: Value of oil exports (U.S. dollars)
Source: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes: Other
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports: Other
Valuation of imports: Other
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: Unemployment rate (Percent of total labor force)
Source: Haver Analytics
Latest actual data: 2011
Employment type: National definition
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: Employment (Persons)
Source: Haver Analytics
Latest actual data: 2011
Employment type: National definition
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: Population (Persons)
Source: Haver Analytics
Latest actual data: 2011
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: General government revenue (National currency)
Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2012
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the February 2013 Congressional Budget Office baseline adjusted according to the IMF staff’s policy and macroeconomic assumptions. This baseline incorporates the provisions of the American Taxpayer Relief Act, signed into law on January 2, 2013. The key near-term policy assumptions include replacement of automatic spending cuts (“sequester”) with back-loaded consolidation measures in fiscal year 2014 and onward. (The sequester is assumed to be in full effect from March 1, 2013, to September 30, 2013) Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to Medicare payments (“DocFix”) and extend certain traditional programs (such as the research and development tax credit). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: General government revenue (Percent of GDP)
See notes for:
General government revenue (National currency).


United States: General government total expenditure (National currency)
Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2012
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the February 2013 Congressional Budget Office baseline adjusted according to the IMF staff’s policy and macroeconomic assumptions. This baseline incorporates the provisions of the American Taxpayer Relief Act, signed into law on January 2, 2013. The key near-term policy assumptions include replacement of automatic spending cuts (“sequester”) with back-loaded consolidation measures in fiscal year 2014 and onward. (The sequester is assumed to be in full effect from March 1, 2013, to September 30, 2013) Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to Medicare payments (“DocFix”) and extend certain traditional programs (such as the research and development tax credit). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: General government total expenditure (Percent of GDP)
See notes for:
General government total expenditure (National currency).


United States: General government net lending/borrowing (National currency)
Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2012
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the February 2013 Congressional Budget Office baseline adjusted according to the IMF staff’s policy and macroeconomic assumptions. This baseline incorporates the provisions of the American Taxpayer Relief Act, signed into law on January 2, 2013. The key near-term policy assumptions include replacement of automatic spending cuts (“sequester”) with back-loaded consolidation measures in fiscal year 2014 and onward. (The sequester is assumed to be in full effect from March 1, 2013, to September 30, 2013) Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to Medicare payments (“DocFix”) and extend certain traditional programs (such as the research and development tax credit). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: General government net lending/borrowing (Percent of GDP)
See notes for:
General government net lending/borrowing (National currency).


United States: General government structural balance (National currency)
Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2012
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the February 2013 Congressional Budget Office baseline adjusted according to the IMF staff’s policy and macroeconomic assumptions. This baseline incorporates the provisions of the American Taxpayer Relief Act, signed into law on January 2, 2013. The key near-term policy assumptions include replacement of automatic spending cuts (“sequester”) with back-loaded consolidation measures in fiscal year 2014 and onward. (The sequester is assumed to be in full effect from March 1, 2013, to September 30, 2013) Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to Medicare payments (“DocFix”) and extend certain traditional programs (such as the research and development tax credit). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: General government structural balance (Percent of potential GDP)
See notes for:
General government structural balance (National currency).


United States: General government primary net lending/borrowing (National currency)
Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2012
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the February 2013 Congressional Budget Office baseline adjusted according to the IMF staff’s policy and macroeconomic assumptions. This baseline incorporates the provisions of the American Taxpayer Relief Act, signed into law on January 2, 2013. The key near-term policy assumptions include replacement of automatic spending cuts (“sequester”) with back-loaded consolidation measures in fiscal year 2014 and onward. (The sequester is assumed to be in full effect from March 1, 2013, to September 30, 2013) Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to Medicare payments (“DocFix”) and extend certain traditional programs (such as the research and development tax credit). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: General government primary net lending/borrowing (Percent of GDP)
See notes for:
General government primary net lending/borrowing (National currency).


United States: General government net debt (National currency)
Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2012
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the February 2013 Congressional Budget Office baseline adjusted according to the IMF staff’s policy and macroeconomic assumptions. This baseline incorporates the provisions of the American Taxpayer Relief Act, signed into law on January 2, 2013. The key near-term policy assumptions include replacement of automatic spending cuts (“sequester”) with back-loaded consolidation measures in fiscal year 2014 and onward. (The sequester is assumed to be in full effect from March 1, 2013, to September 30, 2013) Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to Medicare payments (“DocFix”) and extend certain traditional programs (such as the research and development tax credit). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: General government net debt (Percent of GDP)
See notes for:
General government net debt (National currency).


United States: General government gross debt (National currency)
Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2012
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the February 2013 Congressional Budget Office baseline adjusted according to the IMF staff’s policy and macroeconomic assumptions. This baseline incorporates the provisions of the American Taxpayer Relief Act, signed into law on January 2, 2013. The key near-term policy assumptions include replacement of automatic spending cuts (“sequester”) with back-loaded consolidation measures in fiscal year 2014 and onward. (The sequester is assumed to be in full effect from March 1, 2013, to September 30, 2013) Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to Medicare payments (“DocFix”) and extend certain traditional programs (such as the research and development tax credit). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: General government gross debt (Percent of GDP)
See notes for:
General government gross debt (National currency).


United States: Gross domestic product corresponding to fiscal year, current prices (National currency)
Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2012
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the February 2013 Congressional Budget Office baseline adjusted according to the IMF staff’s policy and macroeconomic assumptions. This baseline incorporates the provisions of the American Taxpayer Relief Act, signed into law on January 2, 2013. The key near-term policy assumptions include replacement of automatic spending cuts (“sequester”) with back-loaded consolidation measures in fiscal year 2014 and onward. (The sequester is assumed to be in full effect from March 1, 2013, to September 30, 2013) Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to Medicare payments (“DocFix”) and extend certain traditional programs (such as the research and development tax credit). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: Current account balance (U.S. dollars)
Source: Haver Analytics
Latest actual data: 2011
BOP Manual used: BPM 5. Certain provisions of BPM 6 have been incorporated as of July 2010
Primary domestic currency: U.S. dollars
Data last updated: 03/2013


United States: Current account balance (Percent of GDP)
See notes for:
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).


 
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