Markets Actual Q4 Q1 Q2 Q3 2020
Currency 52.95 54.53 54.74 54.95 55.16 56
Stock Market (points) 7420.40 7121 7021 6923 6826 6452
Government Bond 10y (%) 7.10 7.56 7.93 8.32 8.72 10.55
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 1.40 1.3 1.5 1.7 1.6 1.2
GDP Annual Growth Rate (%) 6.10 6.7 6.5 6.6 6.8 6.6
Unemployment Rate (%) 5.10 5.3 5.4 5.5 5.2 5.2
Inflation Rate (%) 6.00 5.3 5.2 4.2 3.9 3.3
Inflation Rate Mom (%) -0.20 0.6 0.9 0.7 0.5 0.2
Interest Rate (%) 4.75 4.75 5 5 4.5 3.75
Balance of Trade (USD Thousand) -4212000.00 -3052000 -3020000 -2890000 -3220000 -2440000
Current Account (USD Million) -1254.49 855 -182 -385 153 589
Current Account to GDP (%) -0.80 -1.1 -1.4 -1.4 -1.4 -1.2
Government Debt to GDP (%) 42.10 41 40 40 40 39
Government Budget (% of GDP) -2.20 -3 -2.6 -2.6 -2.6 -2.2
Business Confidence (Index Points) 27.20 35 38 42 43 50
Consumer Confidence (Index Points) -22.50 -7.5 -5.8 2.1 3.4 7
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 1.40 1.3 1.5 1.7 1.6 1.2
GDP Annual Growth Rate (%) 6.10 6.7 6.5 6.6 6.8 6.6
GDP (USD Billion) 313.60 321 325 325 325 330
GDP Constant Prices (PHP Million) 2221342.94 2423078 2279557 2512193 2372394 2761228
Gross National Product (PHP Million) 2784498.00 2739969 2869781 2909026 2973844 3122342
Gross Fixed Capital Formation (PHP Million) 704050.49 707470 721686 741326 751926 806200
GDP per capita (USD) 2891.36 2970 3063 3063 3063 3170
GDP per capita PPP (USD) 7599.19 7627 7900 7900 7900 8400
GDP From Agriculture (PHP Million) 163797.00 185849 166866 185830 174935 211784
GDP From Construction (PHP Million) 232896.53 236150 208337 277587 248733 269106
GDP From Manufacturing (PHP Million) 430229.00 598967 566568 559948 459485 682555
GDP From Mining (PHP Million) 17207.00 18387 21991 30117 18377 20953
GDP From Public Administration (PHP Million) 96479.00 95708 88504 116869 103040 109064
GDP From Services (PHP Million) 1316267.00 1359761 1295733 1472021 1405773 1549522
GDP From Transport (PHP Million) 146883.00 65739 75791 192108 156871 74913
GDP From Utilities (PHP Million) 82731.00 69036 69377 79258 88357 78671
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 5.10 5.3 5.4 5.5 5.2 5.2
Employed Persons (Thousand ) 41329.00 41300 41650 41960 42550 43700
Unemployed Persons (Thousand ) 2202.00 2500 2520 2560 2585 2700
Labor Force Participation Rate (%) 60.56 61.2 62 62.4 63 64
Wages (PHP/Month) 10113.00 11500 12000 12000 12000 12500
Wages in Manufacturing (Index Points) 1686.41 1750 1300 1450 1600 1950
Population (Million) 104.90 106 106 106 106 107
Employment Rate (%) 94.94 94.2 94.1 94.6 94.7 94.3
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 6.00 5.3 5.2 4.2 3.9 3.3
Inflation Rate Mom (%) -0.20 0.6 0.9 0.7 0.5 0.2
Consumer Price Index CPI (Index Points) 119.60 119 122 122 124 128
Core Consumer Prices (Index Points) 117.50 116 118 119 121 126
Core Inflation Rate (%) 5.10 3.8 3.5 3.4 3.6 4.1
GDP Deflator (Index Points) 190.10 190 183 185 188 193
Producer Prices (Index Points) 132.40 133 133 133 133 134
Producer Prices Change (%) -0.60 1.3 1.1 0.7 0.8 0.3
Food Inflation (%) 8.00 6.9 5.5 4.9 4.5 3.9
Export Prices (Price Index) 91.59 110 105 95.8 93.5 111
CPI Housing Utilities (Index Points) 112.20 113 115 115 116 121
CPI Transportation (Index Points) 108.80 106 108 109 111 113
Import Prices (Price Index) 114.15 121 117 118 122 128
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 4.75 4.75 5 5 4.5 3.75
Money Supply M0 (PHP Million) 1093110.82 1044000 1056000 1062000 1075000 1109000
Money Supply M1 (PHP Million) 3711701.27 3920000 4050000 4130000 4270000 4560000
Money Supply M2 (PHP Million) 10663838.46 10920000 11030000 11140000 11270000 11880000
Money Supply M3 (PHP Million) 11140425.38 11210000 11250000 11360000 11450000 12100000
Foreign Exchange Reserves (USD Million) 75490.00 78900 79100 79300 79700 82500
Banks Balance Sheet (PHP Billion) 1202.30 1167 1122 1134 1145 1280
Deposit Interest Rate (%) 4.25 4.25 4.25 4.25 3.75 3
Lending Rate (%) 5.25 5 5 5 4.5 3.75
Loans To Banks (PHP Million) 271278.43 237000 228000 241000 263000 299000
Loans To Private Sector (PHP Million ) 7140476.96 7100000 7370000 7550000 7810000 9300000
Cash Reserve Ratio (%) 18.00 18 18 18 18 17.7
Central Bank Balance Sheet (PHP Billion) 4646.30 4875 4900 4915 4934 5090
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (USD Thousand) -4212000.00 -3052000 -3020000 -2890000 -3220000 -2440000
Current Account (USD Million) -1254.49 855 -182 -385 153 589
Current Account to GDP (%) -0.80 -1.1 -1.4 -1.4 -1.4 -1.2
Imports (USD Thousand) 10320011.78 8950000 8870000 8780000 9150000 9580000
Exports (USD Thousand) 6108053.63 5830000 5850000 5890000 5930000 6100000
External Debt (USD Million) 73097.87 72000 73000 73000 73000 73500
Capital Flows (USD Million) 2.07 9.5 12.1 7.3 6.5 12
Remittances (USD Thousand) 2470000.00 2480000 2520000 2590000 2650000 2900000
Tourist Arrivals 512240.00 662000 677000 615000 643000 691000
Gold Reserves (Tonnes) 197.90 196 196 196 197 197
Foreign Direct Investment (USD Million) 570.00 890 750 790 900 1050
Crude Oil Production (BBL/D/1K) 13.00 15 12.98 12.98 12.98 30
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 42.10 41 40 40 40 39
Government Budget (% of GDP) -2.20 -3 -2.6 -2.6 -2.6 -2.2
Government Budget Value (PHP Million) -59865.00 -12000 -46000 -60000 13000 -54000
Government Spending (PHP Million) 250174.31 218552 252128 328354 267186 249051
Government Revenues (PHP Million) 246762.00 268000 242000 235000 275000 265000
Fiscal Expenditure (PHP Million) 306627.00 280000 288000 295000 262000 319000
Military Expenditure (USD Million) 4507.80 4800 5000 5000 5000 6200
Taxes Actual Q4 Q1 Q2 Q3 2020
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Sales Tax Rate (%) 12.00 12 12 12 12 12
Social Security Rate (%) 11.36 11.36 11.36 11.36 11.36 11.36
Business Actual Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) 27.20 35 38 42 43 50
Industrial Production (%) 3.10 9.5 6.6 7.5 7.9 5.3
Capacity Utilization (%) 84.34 84.5 84.7 84.3 83.9 83.9
Changes in Inventories (PHP Million) -1813.03 4700 24500 19600 -6800 19300
Total Vehicle Sales 9197.00 6300 6600 6900 7100 8900
Manufacturing Pmi 54.20 52.5 52.3 52.7 53 54.4
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) -22.50 -7.5 -5.8 2.1 3.4 7
Retail Sales Yoy (%) 4.00 4.8 4.2 3.9 3.5 4
Consumer Spending (PHP Million) 1479834.36 1756526 1572894 1659725 1580463 2001657
Personal Savings (Million PHP) 4656342.47 4720000 4810000 4890000 4940000 5660000
Bank Lending Rate (%) 6.25 6.25 6.25 6.25 5.75 5
Retail Sales Mom (%) 0.90 -0.2 0.4 0.6 0.8 0.1
Consumer Credit (PHP Billion) 329.44 333 345 353 362 375
Gasoline Prices (USD/Liter) 1.06 1.04 1.02 1.01 0.99 0.91
Housing Actual Q4 Q1 Q2 Q3 2020
Housing Index (PHP/SQ. METRE) 11314.00 11700 11400 10880 10690 14000
Building Permits 40182.00 38300 38900 39400 40100 41000


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 Wednesday, December 19, 2018.