Philippines Average Nominal Wages - Forecast

Wages in Philippines is expected to be 11500.00 PHP/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Average Nominal Wages is projected to trend around 12500.00 PHP/Month in 2020, according to our econometric models.


Philippines Average Nominal Wages
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Philippines Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 5.5 5.4 5.3 5.2 5.4 5.2
Employed Persons 40896 41065 41300 41968 41959 43700
Unemployed Persons 2360 2312 2500 2302 2332 2700
Labor Force Participation Rate 60.9 60.6 61.2 62 62.4 64
Wages 10113 11500 11500 12000 12000 12500
Wages in Manufacturing 1650 1700 1750 1300 1450 1950
Population 105 106 106 106 106 107
Employment Rate 94.5 94.3 94.2 94.4 94.5 94.3