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 (2016): China, Japan, and United States
Top 3 Exported Goods (2016): Electrical Machinery, Industrial Machinery, and Wood

Top Industries Source: CIA World Factbook

Electronics Assembly; Garments; Footwear; Pharmaceuticals

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $806,539,481,635 (2016)
GDP Growth Rate (annual %) 6.924% (2016)
GDP Per Capita, PPP (current international) $7,806 (2016)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 28/194 (2016)

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 %) 1.767% (2016)
External debt stocks, total (DOD, current US$) $77,319,196,000 (2016)
Total tax rate (% of commercial profits) 42.9% (2017)
Real Interest Rate (5 year average %) 3.918% (2016)
Manufacturing, value added (% of GDP) 19.646% (2016)
Current Account Balance (BoP, current US$) $600,675,839 (2016)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 46,440,424 (2017)
Employment in Agriculture (% of total employment) 29.15% (2015)
Employment in Industry (% of total employment) 16.2% (2015)
Employment in Services (% of total employment) 54.65% (2015)
Unemployment Rate 5.895% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $112,613,337,262 (2016)
Exports of goods and services (current US$) $85,267,069,625 (2016)
Total Merchandise Trade (% of GDP) 46.77% (2016)
FDI, net inflows (BoP, current US$) $7,933,059,815 (2016)
Commercial Service Exports (current US$) $31,339,797,356 (2016)
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