Philippines Wages In Manufacturing Tradingeconomics.com Philippines Wages In Manufacturing Forecast

Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Philippines Wages In Manufacturing Tradingeconomics.com Philippines Wages In Manufacturing Forecast - was last updated on Tuesday, October 16, 2018.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 1.30 1.3 1.5 1.7 1.6 1.2 percent
Unemployment Rate 5.40 5.3 5.4 5.5 5.2 5.2 percent
Inflation Rate 6.70 5.3 5.2 4.2 3.9 3.3 percent
Interest Rate 4.50 5 5 5 4.5 3.75 percent
Balance of Trade -3513488.31 -3120000 -3020000 -2890000 -3220000 -3480000 USD Thousand
Government Debt to GDP 42.10 41 40 40 40 39 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 53.93
54.53 54.74 54.95 55.16 56
Stock Market 6987.02
points
7121 7021 6923 6826 6452
Government Bond 10y 8.10
percent
7.56 7.93 8.32 8.72 10.55
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 1.30
percent
1.3 1.5 1.7 1.6 1.2
GDP Annual Growth Rate 6.00
percent
6.7 6.5 6.6 6.8 6.6
GDP 313.60
USD Billion
321 325 325 325 330
GDP Constant Prices 2352509.00
PHP Million
2353759 2279557 2507775 2410286 2647181
Gross National Product 2728917.00
PHP Million
2750000 2869781 2909026 2898099 2950000
Gross Fixed Capital Formation 695414.08
PHP Million
787000 722073 741311 666443 926000
GDP per capita 2891.36
USD
2970 3063 3063 3063 3170
GDP per capita PPP 7599.19
USD
7627 7900 7900 7900 8400
GDP From Agriculture 146315.01
PHP Million
186000 166866 155972 147678 200000
GDP From Construction 260401.00
PHP Million
250000 208337 277587 223791 286000
GDP From Manufacturing 525944.46
PHP Million
596000 566568 560657 519677 664000
GDP From Mining 28252.08
PHP Million
16500 21991 30117 19190 16100
Gdp From Public Administration 109633.48
PHP Million
89000 88504 116869 90297 94000
Gdp From Services 1378389.00
PHP Million
1359761 1295733 1469363 1357675 1549522
GDP From Transport 80303.47
PHP Million
71700 75791 85603 63791 80500
GDP From Utilities 74429.53
PHP Million
69000 69377 79342 86904 74000
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 5.40
percent
5.3 5.4 5.5 5.2 5.2
Employed Persons 40659.00
Thousand
41300 41650 41960 42550 43700
Unemployed Persons 2323.00
Thousand
2500 2520 2560 2585 2700
Labor Force Participation Rate 60.10
percent
61.2 62 62.4 63 64
Wages 10113.00
PHP/Month
11500 12000 12000 12000 12500
Wages in Manufacturing 1251.70
Index Points
1750 1300 1450 1600 1950
Population 104.90
Million
106 106 106 106 107
Employment Rate 94.60
percent
94.2 94.1 94.6 94.7 94.3
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 6.70
percent
5.3 5.2 4.2 3.9 3.3
Inflation Rate Mom 0.80
percent
0.6 0.9 0.7 0.5 0.2
Consumer Price Index CPI 119.50
Index Points
119 122 122 124 128
Core Consumer Prices 116.60
Index Points
116 118 119 121 126
Core Inflation Rate 4.70
percent
3.8 3.5 3.4 3.6 4.1
GDP Deflator 183.78
Index Points
190 183 185 188 193
Producer Prices 132.62
Index Points
134 134 135 134 135
Producer Prices Change -0.04
percent
1.3 1.1 0.7 0.8 0.3
Food Inflation 9.70
percent
6.9 5.5 4.9 4.5 3.9
Export Prices 92.52
Price Index
110 105 95.8 93.5 111
CPI Housing Utilities 111.90
Index Points
113 115 115 116 121
CPI Transportation 107.20
Index Points
106 108 109 111 113
Import Prices 117.52
Price Index
121 117 118 122 128
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 4.50
percent
5 5 5 4.5 3.75
Money Supply M0 1041409.07
PHP Million
1044000 1056000 1062000 1075000 1109000
Money Supply M1 3682954.00
PHP Million
3920000 4050000 4130000 4270000 4560000
Money Supply M2 10686792.67
PHP Million
10920000 11030000 11140000 11270000 11880000
Money Supply M3 11154831.31
PHP Million
11210000 11250000 11360000 11450000 12100000
Foreign Exchange Reserves 75161.00
USD Million
78900 79100 79300 79700 82500
Banks Balance Sheet 1181.50
PHP Billion
1167 1122 1134 1145 1280
Deposit Interest Rate 4.00
percent
4.5 4.5 4.5 4 3.25
Lending Rate 5.00
percent
5.5 5.5 5.5 5 4.25
Loans To Banks 219768.57
PHP Million
237000 228000 241000 263000 299000
Loans To Private Sector 6953852.13
PHP Million
7100000 7370000 7550000 7810000 9300000
Cash Reserve Ratio 18.00
percent
18 18 18 18 17.7
Central Bank Balance Sheet 4653.90
PHP Billion
4875 4900 4915 4934 5090
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -3513488.31
USD Thousand
-3120000 -3020000 -2890000 -3220000 -3480000
Exports 6163490.00
USD Thousand
5830000 5850000 5890000 5930000 6100000
Imports 9676980.00
USD Thousand
8950000 8870000 8780000 9150000 9580000
Current Account -823.78
USD Million
855 -182 -385 153 589
Current Account to GDP -0.80
percent
-1.1 -1.4 -1.4 -1.4 -1.2
External Debt 73097.87
USD Million
72000 73000 73000 73000 73500
Capital Flows 0.86
USD Million
9.5 12.1 7.3 6.5 12
Remittances 2476000.00
USD Thousand
2480000 2520000 2590000 2650000 2900000
Tourist Arrivals 601322.00
662000 677000 615000 643000 691000
Gold Reserves 197.90
Tonnes
196 196 196 197 197
Terrorism Index 7.13
7.2 7.25 7.25 7.25 7.1
Foreign Direct Investment 914.00
USD Million
890 750 790 900 1050
Crude Oil Production 15.00
BBL/D/1K
15 14.99 14.99 14.99 30
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 42.10
percent
41 40 40 40 39
Government Budget -2.20
percent of GDP
-3 -2.6 -2.6 -2.6 -2.2
Government Budget Value -2587.00
PHP Million
-82000 -60000 13000 -42000 -87000
Government Spending 308024.77
PHP Million
191000 252128 328354 241442 212000
Government Revenues 256875.00
PHP Million
268000 242000 235000 275000 265000
Fiscal Expenditure 259462.00
PHP Million
280000 288000 295000 262000 319000
Military Expenditure 4507.80
USD Million
4800 5000 5000 5000 6200
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Business Confidence 30.10
Index Points
35 38 42 43 50
Industrial Production 8.80
percent
9.5 6.6 7.5 7.9 5.3
Capacity Utilization 84.28
percent
84.5 84.7 84.3 83.9 83.9
Changes in Inventories -7153.45
PHP Million
4700 24500 19600 -6800 19300
Internet Speed 5450.74
KBps
6900 7250 7390 7450 8900
IP Addresses 1536948.00
IP
1560000 1574000 1579000 1567000 1600000
Total Vehicle Sales 8678.00
6300 6600 6900 7100 8900
Manufacturing Pmi 52.00
52.5 52.3 52.7 53 54.4
Ease of Doing Business 113.00
118 123 123 123 126
Corruption Index 34.00
Points
34 34 34 34 34
Corruption Rank 111.00
111 111 111 111 111
Competitiveness Index 4.35
Points
4.35 4.35 4.35 4.35 4.35
Competitiveness Rank 56.00
56 56 56 56 56
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Confidence -7.10
Index Points
-7.5 -5.8 2.1 3.4 7
Retail Sales Yoy 4.10
percent
4.8 4.2 3.9 3.5 4
Consumer Spending 1566498.00
PHP Million
1610000 1641463 1669887 1652079 1780000
Personal Savings 4689905.96
Million PHP
4720000 4810000 4890000 4940000 5660000
Bank Lending Rate 6.20
percent
6.7 6.7 6.7 6.2 5.45
Retail Sales Mom 0.10
percent
-0.2 0.4 0.6 0.8 0.1
Consumer Credit 318.96
PHP Billion
333 345 353 362 375
Gasoline Prices 1.06
USD/Liter
1 0.92 0.87 0.81 1.2
HOUSING Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Housing Index 12682.00
PHP/SQ. METRE
11700 11400 10880 10690 14000
Building Permits 40182.00
38300 38900 39400 40100 41000
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 30.00
percent
30 30 30 30 30
Personal Income Tax Rate 35.00
percent
35 35 35 35 35
Sales Tax Rate 12.00
percent
12 12 12 12 12
Social Security Rate 11.36
percent
11.36 11.36 11.36 11.36 11.36
Social Security Rate For Companies 7.67
percent
7.67 7.67 7.67 7.67 7.67
Social Security Rate For Employees 3.69
percent
3.69 3.69 3.69 3.69 3.69
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 244.42
mm
237 110 211 211 210
Temperature 25.79
celsius
25.98 25.59 26.31 26.31 27.07