Philippines—Unemployment Rate (%)
Category: Fiscal & MonetarySource: IMF World Economic OutlookGlobal Rank: #78 of 105
Latest Value
3.8%
2027
YoY Change
-2.6%
2026 → 2027
Global Rank
#78
of 105 countries
Maximum
11.8%
2004
Minimum
3.8%
2024
CAGR
-3.9%
28 years
Last
3.8%
Previous
3.9%
Highest
11.8%
Lowest
3.8%
Unit
Percent of labor force
Source
IMF World Economic Outlook
Actual
IMF Forecast
Source: IMF World Economic Outlook
Historical Data
| Year | Value | Change |
|---|---|---|
| 2027 | 3.8% | -2.6% |
| 2026 | 3.9% | +0.0% |
| 2025 | 3.9% | +2.6% |
| 2024 | 3.8% | -13.6% |
| 2023 | 4.4% | -18.5% |
| 2022 | 5.4% | -30.8% |
| 2021 | 7.8% | -25.0% |
| 2020 | 10.4% | +103.9% |
| 2019 | 5.1% | -3.8% |
| 2018 | 5.3% | -7.0% |
| 2017 | 5.7% | +3.6% |
| 2016 | 5.5% | -12.7% |
| 2015 | 6.3% | -7.4% |
| 2014 | 6.8% | -4.2% |
| 2013 | 7.1% | +1.4% |
| 2012 | 7.0% | +0.0% |
| 2011 | 7.0% | -4.1% |
| 2010 | 7.3% | -2.7% |
| 2009 | 7.5% | +1.4% |
| 2008 | 7.4% | +1.4% |
| 2007 | 7.3% | -8.8% |
| 2006 | 8.0% | -29.8% |
| 2005 | 11.4% | -3.4% |
| 2004 | 11.8% | +3.5% |
| 2003 | 11.4% | +0.0% |
| 2002 | 11.4% | +2.7% |
| 2001 | 11.1% | -0.9% |
| 2000 | 11.2% |
IMF Forecast
Projections from the IMF World Economic Outlook. These are staff estimates, not guarantees.
| Year | Projected Value | Change from Previous |
|---|---|---|
| 2026Forecast | 3.9% | +0.0% |
| 2027Forecast | 3.8% | -2.6% |
Top Countries — Unemployment Rate (%)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Sudan | 58.0% | 2026 |
| 2 | South Africa | 32.7% | 2026 |
| 3 | Georgia | 13.9% | 2026 |
| 4 | Armenia | 13.3% | 2026 |
| 5 | North Macedonia | 12.7% | 2026 |
| 6 | Morocco | 12.7% | 2026 |
| 7 | Bosnia and Herzegovina | 12.6% | 2026 |
| 8 | Spain | 10.7% | 2026 |
| 9 | Ukraine | 10.2% | 2026 |
| 10 | Colombia | 9.8% | 2026 |
About This Indicator
Definition
The unemployment rate as a percentage of the total labor force. Measures the share of the labor force that is without work but actively seeking employment and available to work.
Methodology
Most countries follow the International Labour Organization (ILO) definition: unemployed persons are those of working age who are without work, have actively sought work in the past four weeks, and are available to take up work. The labor force includes both employed and unemployed persons. The IMF compiles data from national labor force surveys and administrative records.
Unit
Percent of labor force