Consumer Spending in Philippines increased to 1791823.92 PHP Million in the fourth quarter of 2018 from 1479834.36 PHP Million in the third quarter of 2018. Consumer Spending in Philippines averaged 736201.57 PHP Million from 1981 until 2018, reaching an all time high of 1791823.92 PHP Million in the fourth quarter of 2018 and a record low of 305524.42 PHP Million in the first quarter of 1981.
Consumer Spending in Philippines is expected to be 1524895.00 PHP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Spending in Philippines to stand at 1581943.00 in 12 months time. In the long-term, the Philippines Consumer Spending is projected to trend around 1797650.00 PHP Million in 2020, according to our econometric models.