Philippines: Economy

Economic Trivia

The Philippine Constitution and the other laws continue to restrict foreign ownership in important activities/sectors (such as land ownership and public utilities).

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Data unavailable

Top Industries Source: CIA World Factbook

Electronics Assembly; Garments; Footwear; Pharmaceuticals

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $692,230,475,842 (2014)
GDP Growth Rate (annual %) 6.096% (2014)
GDP Per Capita, PPP (current international) $6,982 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 29/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 4.129% (2014)
External debt stocks, total (DOD, current US$) $60,608,594,000 (2013)
Total tax rate (% of commercial profits) 42.5% (2014)
Real Interest Rate (5 year average %) 2.336% (2014)
Manufacturing, value added (% of GDP) 20.516% (2014)
Current Account Balance (BoP, current US$) $12,650,296,969 (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 42,923,364 (2013)
Employment in Agriculture (% of total employment) 32.2% (2012)
Employment in Industry (% of total employment) 15.4% (2012)
Employment in Services (% of total employment) 52.5% (2012)
Unemployment Rate 7.1% (2013)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $89,515,365,863 (2014)
Exports of goods and services (current US$) $82,863,251,508 (2014)
Total Merchandise Trade (% of GDP) 45.295% (2014)
FDI, net inflows (BoP, current US$) $6,200,528,624 (2014)
Commercial Service Exports (current US$) $24,822,758,595 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Philippines’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary