General profile: Philippines

GENERAL INFORMATION FOR 2016
Population
Population
Exchange rates
Exchange rate
GDP
GDP
103.320 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
-2.4 %
Merchandise exports growth rate in 2016
Total merchandise trade
(millions of US$)
2005
2010
2015
2016
Merchandise exports
41 255
51 496
58 827
57 406
Merchandise imports
49 487
58 468
70 153
85 909
Merchandise trade balance
-8 233
-6 972
-11 326
-28 502
Export structure by product group in 2016
(as % of total exports)
3 %3 %84 %84 %4 %4 %8 %8 %
Top 5 partners in 2016
(exports, millions of US$)
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$)
2005
2010
2015
2016
Services exports
8 611
17 782
29 065
31 357
Services imports
6 463
12 017
23 610
24 233
Services trade balance
2 148
5 765
5 455
7 125
Services exports by main category ²
(as % of total services)
2005
2010
2015
2016
Transport
10.9
7.6
6.7
6.3
Travel
26.6
14.9
18.1
16.4
Other services
62.1
77.0
74.9
77.0
TRADE INDICES
More data on UNCTADstat
121121120120113113101101929285851041048282959511211211011011511512912911511511011010010010010068686767636362626363646469697171666675757777898992929595929299991001001211201131019285104829511211011512911511010010068676362636469716675778992959299100
ECONOMIC TRENDS
More data on UNCTADstat
+6.3 %
Gross domestic product growth rate in 2016
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2016
GDP, current
103 072
199 591
292 449
303 113
GDP per capita, current US$
1 195
2 130
2 875
2 934
Real GDP growth, y-on-y, %
4.78
7.63
5.90
6.30
Current account balance, % of GDP
1.93
3.60
2.48
0.20
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
13.32
10.30
9.74
9.86
Financial flows trends
(millions of US$)
29 878.429 878.428 482.728 482.727 272.727 272.725 368.825 368.823 352.223 352.221 922.221 922.220 562.920 562.919 077.719 077.718 063.618 063.615 852.615 852.614 988.314 988.313 732.613 732.611 473.011 473.010 244.010 244.09 740.09 740.08 769.08 769.06 957.06 957.07 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 878.428 482.727 272.725 368.823 352.221 922.220 562.919 077.718 063.615 852.614 988.313 732.611 473.010 244.09 740.08 769.06 957.07 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
7 033
6 058
6 341
Liner shipping connectivity index (maximum 2004 = 100 for China)
15.87
15.19
18.27
27.91
Container port throughput (TEU)
..
5 087 499
7 210 441
7 421 441
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).
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: 20 December 2017