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.

Top 3 Trade Partners (2017): China, Japan, and United States
Top 3 Exported Goods (2017): Electrical Machinery, Industrial Machinery, and Precision Instruments

Top Industries Source: CIA World Factbook

Electronics Assembly; Garments; Footwear; Pharmaceuticals

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $877,168,636,231 (2017)
GDP Growth Rate (annual %) 6.685% (2017)
GDP Per Capita, PPP (current international) $8,361 (2017)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 28/195 (2017)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 2.853% (2017)
External debt stocks, total (DOD, current US$) $73,079,674,147 (2017)
Total tax rate (% of commercial profits) 42.9% (2018)
Real Interest Rate (5 year average %) 3.232% (2017)
Manufacturing, value added (% of GDP) 19.455% (2017)
Current Account Balance (BoP, current US$) ($2,142,968,677) (2017)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 43,675,290 (2018)
Employment in Agriculture (% of total employment) 25.187% (2018)
Employment in Industry (% of total employment) 18.336% (2018)
Employment in Services (% of total employment) 56.477% (2018)
Unemployment Rate 2.515% (2018)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $128,195,230,025 (2017)
Exports of goods and services (current US$) $97,062,252,099 (2017)
Total Merchandise Trade (% of GDP) 54.406% (2017)
FDI, net inflows (BoP, current US$) $10,057,387,728 (2017)
Commercial Service Exports (current US$) $34,812,501,416 (2017)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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


  1. The World Bank