General profile: Philippines

GENERAL INFORMATION FOR 2016
Population
Population
Exchange rates
Exchange rate
GDP
GDP
102.250 Millions
47.493 PHP/US$
303 113 Millions current US$
Land area
Land area ¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
..
1.77 %
6.30 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
-4.3 %
Merchandise exports growth rate in 2016
Total merchandise trade
(millions of US$)
2005
2010
2015
2016
Merchandise exports
41 255
51 496
58 827
56 313
Merchandise imports
49 487
58 468
70 153
(e) 86 290
Merchandise trade balance
-8 233
-6 972
-11 326
(e) -29 977
Export structure by product group in 2016
(as % of total exports)
3 %3 %84 %84 %4 %4 %8 %8 %
Top 5 partners in 2016
(exports, millions of US$)
11 6748 6716 5836 1923 70111 6748 6716 5836 1923 701
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services ²
(millions of US$)
2005
2010
2015
2016
Services exports
8 611
17 782
29 065
31 357
Services imports
6 463
12 017
23 610
24 233
Services trade balance
2 148
5 765
5 455
7 125
Services exports by main category ²
(as % of total services)
2005
2010
2015
2016
Transport
10.9
7.6
6.7
6.3
Travel
26.6
14.9
18.1
16.4
Other services
62.1
77.0
74.9
77.0
TRADE INDICES
More data on UNCTADstat
120120120120113113101101929285851041048282959511211211011011511512912911511511011010010010010068686767636362626363646469697171666675757777898992929595929299991001001201201131019285104829511211011512911511010010068676362636469716675778992959299100
ECONOMIC TRENDS
More data on UNCTADstat
+6.3 %
Gross domestic product growth rate in 2016
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2016
GDP, current
103 072
199 591
292 449
303 113
GDP per capita, current US$
1 197
2 145
2 904
2 964
Real GDP growth, y-on-y, %
4.78
7.63
5.90
6.30
Current account balance, % of GDP
1.93
3.60
2.87
..
Exchange rate (/US$)
55.086
45.110
45.503
47.493
GDP by expenditure in 2015
(as % of total GDP)
73.811.020.628.233.573.811.020.628.233.5
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+1.2 %
FDI outflows as % of GDP in 2016
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2016
FDI inflows
1 854.00
1 298.09
4 936.77
7 912.20
FDI outflows
189.00
616.00
5 539.51
3 698.27
Personal remittances, % of GDP
(g) 13.32
10.80
10.05
..
Financial flows trends
(millions of US$)
29 973.629 973.628 690.828 690.826 716.926 716.924 609.724 609.723 053.723 053.721 556.621 556.619 959.519 959.518 850.718 850.716 437.416 437.415 496.115 496.113 732.613 732.611 468.011 468.010 239.010 239.09 735.09 735.08 760.08 760.06 924.06 924.07 9127 9124 9374 9375 7405 7402 4302 4302 4492 4491 8521 8521 2981 2981 9631 9631 5441 5442 9162 9162 9212 9211 8541 8546886884914911 5421 5421951952 2402 24029 973.628 690.826 716.924 609.723 053.721 556.619 959.518 850.716 437.415 496.113 732.611 468.010 239.09 735.08 760.06 924.07 9124 9375 7402 4302 4491 8521 2981 9631 5442 9162 9211 8546884911 5421952 240FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators ²
(as % and index)
2005
2010
2015
2016
Balance, % of GDP
-9.70
-5.56
-6.11
-8.89
Balance, % of imports
-22.84
-16.90
-19.81
-26.49
Normalized balance
-0.129
-0.092
-0.110
-0.153
Trade openness ²
(sum of imports and exports as % of GDP)
585657545957605764677475
LABOUR FORCE
More data on UNCTADstat
Labour force by gender in 2016
(as % of total labour force, all sectors)
Male
61%Male 61%Female
39%Female 39%
OTHER INDICATORS
More data on UNCTADstat
0.351 %
Share of the total world merchant fleet in 2016
Maritime transport indicators
 
2005
2010
2015
2016
Merchant fleet, national flag (thousands of DWT)
7 008 000 000
7 032 788 000
6 058 358 000
6 341 017 000
Liner shipping connectivity index (maximum 2004 = 100 for China)
15.87
15.19
18.27
17.81
Container port throughput (TEU)
..
4 947 039
(e) 5 869 427
..
Information economy indicators
(as % of)
2005
2010
2015
2016
Share of ICT goods, % of total exports
47.67
26.77
42.91
..
Share of ICT goods, % of total imports
45.81
31.63
27.47
..
Share of workforce involved in the ICT sector
..
..
..
..
Source: UNCTADstat (http://unctadstat.unctad.org)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
e
Estimated.
g
Break.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
Not available or not separately reported
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on UNCTADstat do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in UNCTADstat.
Generation date: 15 September 2017