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General profile: Philippines

GENERAL INFORMATION FOR 2022
Exchange rate
Population
Population
Exchange rates
GDP
GDP
115.559 Millions
54.478 PHP/US$
404 284 Millions current US$
Land area¹
Land area
CPI growth (%)
CPI growth
GDP growth
GDP growth
(q) 298 170 km²
5.82 %
7.57 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
+5.8 %
Merchandise exports growth rate in 2022
Total merchandise trade
(millions of US$)
2005
2010
2015
2022
Merchandise exports
41 255
51 498
58 827
78 930
Merchandise imports
49 487
58 468
74 750
145 867
Merchandise trade balance
-8 233
-6 970
-15 922
-66 937
Export structure by product group in 2022
(as % of total exports)
5 %5 %79 %79 %7 %7 %9 %9 %
Top 5 partners in 2022
(exports, millions of US$)
12 47711 09410 96610 4794 90912 47711 09410 96610 4794 909
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2022
Services exports
8 611
17 782
29 065
41 070
Services imports
6 463
12 017
23 610
25 439
Services trade balance
2 148
5 765
5 455
15 631
Services exports by main category²
(as % of total services)
2005
2010
2015
2022
Transport
10.9
7.6
6.7
6.6
Travel
26.6
14.9
18.1
10.2
Other services
62.1
77.0
74.9
69.9
TRADE INDICES
More data on UNCTADstat
10210911011610811610010090847771876980949290961019896100103100938991919810194107110
ECONOMIC TRENDS
More data on UNCTADstat
+7.6 %
Gross domestic product growth rate in 2022
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2022
GDP, current
107 420
208 369
306 446
404 284
GDP per capita, current US$
1 245
2 202
2 974
3 499
Real GDP growth, y-on-y, %
4.94
7.33
6.35
7.57
Current account balance, % of GDP
1.85
3.45
2.37
-4.41
Exchange rate (/US$)
55.085
45.110
45.503
54.478
GDP by expenditure in 2021
(as % of total GDP)
75.315.621.125.837.775.315.621.125.837.7
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+1.0 %
FDI outflows as % of GDP in 2022
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2022
FDI inflows
1 850.94
(j) 1 070.39
(j) 5 639.16
(j) 9 199.94
FDI outflows
981.05
(j) 2 712.17
(j) 5 539.51
(j) 3 900.04
Personal remittances, % of GDP
12.78
10.35
9.72
9.41
Financial flows trends
(millions of US$)
38 048.736 685.334 882.835 167.533 809.032 809.831 142.029 799.428 690.826 716.824 609.723 053.621 556.619 959.518 850.716 437.415 496.19 20011 9836 8228 6719 94910 2568 2805 6395 7403 7373 2152 0071 0701 9901 5442 8242 9291 8516884911 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 indicators²
(as % and index)
2005
2010
2015
2022
Balance, % of GDP
-9.32
-5.42
-5.92
-13.61
Balance, % of imports
-22.91
-17.20
-20.12
-36.02
Normalized balance
-0.129
-0.094
-0.112
-0.220
Trade openness²
(sum of imports and exports as % of GDP)
625449596362555355515655585461647172
LIVING AREA
Population by living area in 2022
(% of population)
Urban 48%Urban 48%Rural 52%Rural 52%
OTHER INDICATORS
More data on UNCTADstat
0.295 %
Share of the total world merchant fleet in 2022
Maritime transport indicators
 
2005
2010
2015
2022
Merchant fleet, national flag (thousands of DWT)
7 008
7 033
6 195
6 493
Container port throughput (TEU)
..
5 138 014
7 175 424
9 249 451
Information economy indicators
(as % of)
2005
2010
2015
2022
Share of ICT goods, % of total exports
47.67
26.77
42.91
50.71
Share of ICT goods, % of total imports
45.81
31.63
27.47
19.37
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).
j
Asset/liability basis.
q
Estimated. Data refers to 2020.
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: 11 April 2024