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General profile: Philippines

GENERAL INFORMATION FOR 2024
Exchange rate
Population
Population
Exchange rates
GDP
GDP
115.844 Millions
57.291 PHP/US$
461 747 Millions current US$
Land area¹
Land area
CPI growth (%)
CPI growth
GDP growth
GDP growth
(u) 298 170 km²
..
5.70 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
-0.7 %
Merchandise exports growth rate in 2024
Total merchandise trade
(millions of US$)
2005
2010
2015
2024
Merchandise exports
41 255
51 498
58 827
72 984
Merchandise imports
49 487
58 468
74 750
134 882
Merchandise trade balance
-8 233
-6 970
-15 922
-61 899
Export structure by product group in 2024
(as % of total exports)
5 %5 %77 %77 %8 %8 %10 %10 %
Top 5 partners in 2024
(exports, millions of US$)
12 12210 2549 6009 4233 56412 12210 2549 6009 4233 564
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2024
Services exports
8 611
17 782
29 065
51 978
Services imports
6 463
12 017
23 610
37 398
Services trade balance
2 148
5 765
5 455
14 580
Services exports by main category²
(as % of total services)
2005
2010
2015
2024
Transport
10.9
7.6
6.7
6.9
Travel
26.6
14.9
18.1
18.7
Other services
62.1
77.0
74.9
64.8
TRADE INDICES
More data on UNCTADstat
1071031011101111191101181011009286787289718196949894889510299981011041009591929310010396109112
ECONOMIC TRENDS
More data on UNCTADstat
+5.7 %
Gross domestic product growth rate in 2024
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2024
GDP, current
107 420
208 369
306 446
461 747
GDP per capita, current US$
1 220
2 163
2 910
3 986
Real GDP growth, y-on-y, %
4.94
7.33
6.35
5.70
Current account balance, % of GDP
1.85
3.45
2.37
-3.79
Exchange rate (/US$)
55.085
45.110
45.503
57.291
GDP by expenditure in 2023
(as % of total GDP)
76.514.223.326.740.776.514.223.326.740.7
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+0.6 %
FDI outflows as % of GDP in 2024
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2024
FDI inflows
1 850.94
1 070.39
4 446.58
(k) 8 938.10
FDI outflows
981.05
2 712.17
4 346.93
(k) 2 879.89
Personal remittances, % of GDP
12.78
10.35
9.72
8.72
Financial flows trends
(millions of US$)
40 279.439 096.938 048.736 685.334 882.835 167.533 809.032 809.831 142.029 799.428 690.826 716.824 609.723 053.621 556.619 959.518 850.716 437.415 496.18 9386 4525 93910 2253 2546 0206 6028 7046 9154 4475 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
2024
Balance, % of GDP
-9.32
-5.42
-5.92
-12.02
Balance, % of imports
-22.91
-17.20
-20.12
-34.45
Normalized balance
-0.129
-0.094
-0.112
-0.208
Trade openness²
(sum of imports and exports as % of GDP)
5858625449596362555355515655585461647172
LIVING AREA
Population by living area in 2024
(% of population)
Urban 49%Urban 49%Rural 51%Rural 51%
OTHER INDICATORS
More data on UNCTADstat
0.259 %
Share of the total world merchant fleet in 2024
Maritime transport indicators
 
2005
2010
2015
2024
Merchant fleet, national flag (thousands of DWT)
7 008
7 033
6 195
6 105
Container port throughput (TEU)
..
5 138 014
7 175 424
..
Information economy indicators
(as % of)
2005
2010
2015
2024
Share of ICT goods, % of total exports
44.60
22.46
38.85
43.57
Share of ICT goods, % of total imports
45.62
31.18
26.75
16.44
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).
k
Asset/liability basis.
u
Estimated. Data refers to 2020.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
No value reported or collected
_
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: 02 December 2025