Philippines
Capital: ManilaRegion: East Asia & PacificIncome: Lower middle income
Philippines's GDP is $533.92B (2026), with a population of 115.8M, and GDP per capita of $4,619. Key indicators include real GDP growth of 5.7%, inflation at 2.6%, unemployment at 3.9%, government debt at 58.8% of GDP, life expectancy of 69.8 years. Data sourced from the IMF World Economic Outlook and World Bank World Development Indicators. Explore Philippines's full economic profile with 440+ indicators, interactive charts, and historical data below.
Source: IMF World Economic Outlook
Economy
Stock Markets
| Indicator | Value | Year |
|---|---|---|
| PSEi | 6,759.9 | 2022 |
Financial Markets
| Indicator | Value | Year |
|---|---|---|
| Exchange Rate (per USD) | 60.47 | 2026 |
Fiscal & Monetary
| Indicator | Value | Year |
|---|---|---|
| Inflation, Consumer Prices (%) | 2.6% | 2026 |
| Govt Gross Debt (% of GDP) | 58.8% | 2026 |
| Fiscal Balance (% of GDP) | -3.1% | 2026 |
| Current Account Balance (% of GDP) | -3.5% | 2026 |
| Unemployment Rate (%) | 3.9% | 2026 |
| Inflation, CPI (%, World Bank) | 3.2% | 2024 |
| Government Revenue (% of GDP) | 15.7% | 2023 |
| Government Expenditure (% of GDP) | 16.9% | 2023 |
| Tax Revenue (% of GDP) | 14.1% | 2023 |
| Taxes on Goods & Services (% of revenue) | 24.2% | 2023 |
| Taxes on International Trade (% of revenue) | 23.1% | 2023 |
| Taxes on Income, Profits & Capital Gains (% of rev) | 36.7% | 2023 |
| Net Investment in Nonfinancial Assets (% of GDP) | 5.0% | 2023 |
| Total Reserves incl. Gold (USD) | $106.20B | 2024 |
| Total Reserves (months of imports) | 7.3 | 2024 |
| Official Exchange Rate (per USD) | 57.29 | 2024 |
| PPP Conversion Factor | 19.36 | 2024 |
| Broad Money (% of GDP) | 85.9% | 2022 |
Trade
| Indicator | Value | Year |
|---|---|---|
| Trade (% of GDP) | 65.9% | 2024 |
| Exports of Goods & Services (% of GDP) | 25.8% | 2024 |
| Imports of Goods & Services (% of GDP) | 40.1% | 2024 |
| Exports of Goods & Services (USD) | $118.97B | 2024 |
| Imports of Goods & Services (USD) | $185.16B | 2024 |
| Merchandise Exports (USD) | $72.98B | 2024 |
| Merchandise Imports (USD) | $134.88B | 2024 |
| FDI Inflows (% of GDP) | 2.0% | 2024 |
| FDI Outflows (% of GDP) | 0.6% | 2024 |
| FDI Net Inflows (USD) | $9.44B | 2024 |
| Personal Remittances Received (USD) | $40.28B | 2024 |
| Personal Remittances Received (% of GDP) | 8.7% | 2024 |
| High-Tech Exports (% of manufactured) | 61.0% | 2024 |
| Current Account Balance (% of GDP) | -4.0% | 2024 |
| Current Account Balance (USD) | $-18.26B | 2024 |
External Debt
| Indicator | Value | Year |
|---|---|---|
| External Debt (% of GNI) | 26.3% | 2024 |
| External Debt Stocks (USD) | $137.02B | 2024 |
| Total Debt Service (% of GNI) | 3.5% | 2024 |
| Present Value of External Debt (USD) | $65.96B | 2024 |
| Use of IMF Credit (USD) | $3.65B | 2024 |
| Net ODA Received (% of GNI) | 0.4% | 2023 |
| Net ODA Received (USD) | $1.84B | 2023 |
Finance
| Indicator | Value | Year |
|---|---|---|
| Domestic Credit by Financial Sector (% of GDP) | 99.8% | 2024 |
| Domestic Credit to Private Sector (% of GDP) | 49.8% | 2024 |
| Stock Market Capitalization (% of GDP) | 54.6% | 2024 |
| Stock Market Capitalization (USD) | $251.83B | 2024 |
| Stock Market Turnover (% of GDP) | 4.7% | 2024 |
| Listed Domestic Companies | 280 | 2024 |
| Bank Capital to Assets Ratio (%) | 9.4% | 2023 |
| Bank Nonperforming Loans (%) | 3.2% | 2023 |
| Account Ownership at Financial Institution (%) | 50.2% | 2024 |
| Account Ownership, Female (%) | 57.1% | 2024 |
| Account Ownership, Male (%) | 43.0% | 2024 |
| Firms Using Banks to Finance Investment (%) | 28.9% | 2023 |
Business Environment
| Indicator | Value | Year |
|---|---|---|
| Time to Get Electricity (days) | 19 | 2023 |
Private Sector
| Indicator | Value | Year |
|---|---|---|
| Firms Expected to Pay Bribes (%) | 4.5% | 2023 |
| Firms with Female Top Manager (%) | 56.7% | 2023 |
| Firms with Female Participation in Ownership (%) | 43.4% | 2023 |
| Firms Offering Training (%) | 42.2% | 2023 |
| Average Firm Age (years) | 10 years | 2023 |
| Firms Using Computers (%) | 34.1% | 2023 |
People
| Indicator | Value | Year |
|---|---|---|
| Population | 115.8M | 2024 |
| Population Growth (%) | 0.8% | 2024 |
| Population Density (per km²) | 385 | 2023 |
| Surface Area (sq km) | 300,000 | 2023 |
| Land Area (sq km) | 298,170 | 2023 |
| Urban Population (%) | 55.5% | 2024 |
| Urban Population (total) | 64.2M | 2024 |
| Rural Population (%) | 44.5% | 2024 |
| Life Expectancy at Birth | 69.8 years | 2023 |
| Life Expectancy, Male | 66.9 years | 2023 |
| Life Expectancy, Female | 72.8 years | 2023 |
| Fertility Rate (births per woman) | 1.9 | 2023 |
| Birth Rate (per 1,000) | 16 | 2023 |
| Death Rate (per 1,000) | 6.2 | 2023 |
| Net Migration | -149,315 | 2025 |
| Population Ages 0–14 (%) | 27.9% | 2024 |
| Population Ages 15–64 (%) | 66.6% | 2024 |
| Population Ages 65+ (%) | 5.5% | 2024 |
| Age Dependency Ratio (%) | 50.1% | 2024 |
| Old-Age Dependency Ratio (%) | 8.2% | 2024 |
| Youth Dependency Ratio (%) | 41.8% | 2024 |
| Mortality Rate, Adult Male (per 1,000) | 226 | 2023 |
| Mortality Rate, Adult Female (per 1,000) | 131.6 | 2023 |
Labor
| Indicator | Value | Year |
|---|---|---|
| Total Labor Force | 52.2M | 2025 |
| Labor Force Participation (%) | 61.4% | 2025 |
| Female Labor Force Participation (%) | 50.5% | 2025 |
| Male Labor Force Participation (%) | 72.5% | 2025 |
| Unemployment (%) | 2.2% | 2025 |
| Female Unemployment (%) | 2.5% | 2025 |
| Male Unemployment (%) | 2.1% | 2025 |
| Youth Unemployment (%) | 7.0% | 2025 |
| Employment in Agriculture (%) | 20.5% | 2025 |
| Employment in Industry (%) | 20.0% | 2025 |
| Employment in Services (%) | 59.5% | 2025 |
| Self-Employed (%) | 60.4% | 2023 |
| Vulnerable Employment (%) | 33.6% | 2025 |
| Wage & Salaried Workers (% of total) | 63.9% | 2025 |
| Part-Time Employment (%) | 31.2% | 2023 |
| Employers (% of total employment) | 2.5% | 2025 |
| Labor Force, Female (% of total) | 41.6% | 2025 |
| Employment to Population Ratio (%) | 60.0% | 2025 |
| Self-Employed (% of total) | 36.1% | 2025 |
| NEET Youth (% not in education/employment) | 12.4% | 2023 |
Education
| Indicator | Value | Year |
|---|---|---|
| Education Spending (% of GDP) | 4.0% | 2025 |
| Education Spending (% of govt expenditure) | 15.2% | 2025 |
| Female Literacy Rate (%) | 97.0% | 2022 |
| Youth Literacy Rate (%) | 99.8% | 2022 |
| Primary School Enrollment (%) | 94.0% | 2024 |
| Secondary School Enrollment (%) | 85.3% | 2024 |
| Tertiary School Enrollment (%) | 47.4% | 2024 |
| Primary Completion Rate (%) | 91.4% | 2024 |
| Lower Secondary Completion Rate (%) | 84.8% | 2024 |
| Out-of-School Children, Primary | 1.6M | 2024 |
| Out-of-School Girls, Primary | 872,062 | 2024 |
| Primary School Teachers | 527,504 | 2024 |
| Secondary School Teachers | 495,843 | 2024 |
| Pupil-Teacher Ratio, Primary | 29 | 2017 |
| Pupil-Teacher Ratio, Secondary | 24 | 2017 |
| Expenditure per Student, Primary (% of GDP/cap) | 55.0% | 2009 |
| Pupil-Teacher Ratio (Primary) | 93.4 | 2023 |
| Education Spending, Secondary (% of govt) | 29.7% | 2009 |
| Education Spending, Tertiary (% of govt) | 12.0% | 2009 |
Health
Energy & Environment
| Indicator | Value | Year |
|---|---|---|
| CO₂ Emissions (tonnes per capita) | 1.5 | 2024 |
| CO₂ Emissions (total kilotonnes) | 174 | 2024 |
| Energy Use (kg oil eq. per capita) | 551 | 2022 |
| Electric Power Consumption (kWh per capita) | 885 | 2022 |
| Renewable Electricity Output (%) | 22.7% | 2021 |
| Renewable Energy Consumption (%) | 28.0% | 2021 |
| Access to Electricity (%) | 98.0% | 2023 |
| Access to Clean Fuels for Cooking (%) | 59.5% | 2023 |
| PM2.5 Air Pollution (µg/m³) | 20.3 | 2020 |
| Forest Area (%) | 24.5% | 2023 |
| Forest Area (sq km) | 72,933 | 2023 |
| Arable Land (%) | 18.7% | 2023 |
| Terrestrial Protected Areas (%) | 3.6% | 2024 |
| Marine Protected Areas (%) | 1.6% | 2024 |
| Access to Basic Drinking Water (%) | 95.9% | 2024 |
| Access to Basic Sanitation (%) | 87.2% | 2024 |
Agriculture
| Indicator | Value | Year |
|---|---|---|
| Agricultural Land (%) | 42.7% | 2023 |
| Cereal Yield (kg per hectare) | 3,869 | 2023 |
| Food Production Index (2014–2016=100) | 100.5 | 2022 |
| Crop Production Index (2014–2016=100) | 104 | 2022 |
| Livestock Production Index (2014–2016=100) | 90.4 | 2022 |
| Land Under Cereal Production (hectares) | 7.4M | 2023 |
| Total Fisheries Production (metric tonnes) | 1.7M | 2023 |
| Fertilizer Consumption (kg per hectare) | 199.4 | 2023 |
| Prevalence of Undernourishment (%) | 3.0% | 2023 |
| Annual Freshwater Withdrawals (% of internal) | 19.0% | 2022 |
| Cereal Production (metric tons) | 28.5M | 2023 |
Technology
| Indicator | Value | Year |
|---|---|---|
| Internet Users (%) | 83.8% | 2023 |
| Mobile Subscriptions (per 100 people) | 117 | 2023 |
| Fixed Broadband Subscriptions (per 100) | 6.5 | 2023 |
| Secure Internet Servers (per million) | 131.6 | 2024 |
| Patent Applications, Residents | 490 | 2021 |
| Patent Applications, Non-Residents | 3,903 | 2021 |
| Scientific Journal Articles | 3,961 | 2022 |
| High-Technology Exports (USD) | $34.36B | 2024 |
| ICT Service Exports (% of service exports) | 15.7% | 2024 |
| ICT Service Exports (USD) | $8.09B | 2024 |
| Industrial Design Applications, Resident | 682 | 2021 |
Infrastructure
| Indicator | Value | Year |
|---|---|---|
| Air Transport, Passengers Carried | 41.5M | 2023 |
| Air Transport, Freight (million ton-km) | 649.2 | 2023 |
| Container Port Traffic (TEU) | 9.2M | 2022 |
| Rail Lines (total km) | 509 | 2016 |
| Railways, Goods (million ton-km) | 1 | 2004 |
| Logistics Performance Index (1–5) | 3.30 | 2022 |
| Electricity from Oil (%) | 2.3% | 2022 |
| Electricity from Nuclear (%) | 0.0% | 2021 |
Gender
| Indicator | Value | Year |
|---|---|---|
| Women in Parliament (%) | 27.3% | 2024 |
| Female Labor Force Participation, 15+ (%) | 49.9% | 2023 |
| Female Wage & Salaried Workers (%) | 58.9% | 2025 |
| Girls Out-of-School Rate (%) | 93.5% | 2017 |
| Adolescent Fertility Rate (per 1,000) | 31.9 | 2023 |
| Women Who Believe Husband Can Beat Wife (%) | 9.1% | 2022 |
| Gender Parity Index, Primary | 94.52 | 2017 |
| Gender Parity Index, Secondary | 1.08 | 2021 |
| Gender Parity in Primary Education | 0.98 | 2021 |
Governance
| Indicator | Value | Year |
|---|---|---|
| Control of Corruption | -0.54 | 2023 |
| Government Effectiveness | 0.15 | 2023 |
| Political Stability | -0.57 | 2023 |
| Regulatory Quality | 0.16 | 2023 |
| Rule of Law | -0.42 | 2023 |
| Voice & Accountability | -0.02 | 2023 |
| Control of Corruption (percentile rank) | 32.5% | 2023 |
| Government Effectiveness (percentile rank) | 58.0% | 2023 |
| Rule of Law (percentile rank) | 37.3% | 2023 |
| Political Stability (percentile rank) | 23.7% | 2023 |
Military
| Indicator | Value | Year |
|---|---|---|
| Military Spending (% of GDP) | 1.3% | 2024 |
| Military Expenditure (USD) | $6.12B | 2024 |
| Armed Forces Personnel | 157,000 | 2020 |
| Armed Forces (% of labor force) | 0.4% | 2020 |
| Military Spending (% of govt expenditure) | 5.4% | 2024 |
| Intentional Homicides (per 100,000) | 4.3 | 2023 |
Poverty & Inequality
| Indicator | Value | Year |
|---|---|---|
| Poverty at $2.15/day (%) | 5.3% | 2023 |
| Poverty at $3.65/day (%) | 16.9% | 2023 |
| Poverty at $6.85/day (%) | 58.7% | 2023 |
| Poverty Headcount, National (%) | 15.5% | 2023 |
| Gini Index | 39.3 | 2023 |
| Income Share, Top 10% | 31.6% | 2023 |
| Income Share, Bottom 10% | 2.9% | 2023 |
| Income Share, Top 20% | 46.9% | 2023 |
| Income Share, Bottom 20% | 6.9% | 2023 |
| Shared Prosperity Premium (%) | -0.1% | 2023 |
| Survey Mean Consumption (2017 PPP $ per day) | 9.93 | 2023 |
| Poverty Gap at $2.15/day (%) | 1.0% | 2023 |
Social Protection
| Indicator | Value | Year |
|---|---|---|
| Human Capital Index (0–1) | 0.52 | 2020 |
| Human Capital Index, Female | 0.54 | 2020 |
| Human Capital Index, Male | 0.49 | 2020 |
| Learning-Adjusted Years of School | 7.5 years | 2020 |
Tourism
| Indicator | Value | Year |
|---|---|---|
| International Tourism, Arrivals | 1.5M | 2020 |
| International Tourism, Departures | 1.5M | 2020 |
| Tourism Receipts (USD) | $2.77B | 2020 |
| Tourism Expenditures (USD) | $4.87B | 2020 |
| Tourism Receipts (% of total exports) | 3.5% | 2020 |
| International Tourism, Transport Services (USD) | $759.0M | 2020 |
Urban Development
| Indicator | Value | Year |
|---|---|---|
| Urban Population Growth (%) | 1.4% | 2024 |
| Population in Largest City | 15.2M | 2025 |
| Population in Largest City (% of urban) | 23.4% | 2025 |
| Population in Agglomerations >1M (% of total) | 14.8% | 2025 |
| Population in Slums (% of urban) | 35.9% | 2022 |
| Rural Population Growth (%) | 0.1% | 2024 |
| Access to Safely Managed Drinking Water (%) | 48.5% | 2024 |
| Access to Safely Managed Sanitation (%) | 62.2% | 2024 |
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