General profile: Philippines

GENERAL INFORMATION FOR 2017
Population
Population
Exchange rates
Exchange rate
GDP
GDP
104.918 Millions
50.404 PHP/US$
313 514 Millions current US$
Land area
Land area ¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
(m) 298 170 km²
2.85 %
6.70 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
+19.7 %
Merchandise exports growth rate in 2017
Total merchandise trade
(millions of US$)
2005
2010
2015
2017
Merchandise exports
41 255
51 496
58 827
68 714
Merchandise imports
49 487
58 468
74 751
101 901
Merchandise trade balance
-8 233
-6 972
-15 924
-33 187
Export structure by product group in 2017
(as % of total exports)
4 %4 %81 %81 %6 %6 %9 %9 %
Top 5 partners in 2017
(exports, millions of US$)
10 8539 6679 0258 0174 33310 8539 6679 0258 0174 333
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services ²
(millions of US$)
2005
2010
2015
2017
Services exports
8 611
17 782
29 065
35 605
Services imports
6 463
12 017
23 610
26 109
Services trade balance
2 148
5 765
5 455
9 496
Services exports by main category ²
(as % of total services)
2005
2010
2015
2017
Transport
10.9
7.6
6.7
6.4
Travel
26.6
14.9
18.1
19.6
Other services
62.1
77.0
74.9
66.0
TRADE INDICES
More data on UNCTADstat
165165146146145145127127118118108108100100122122979711211213213213013012012012912911511511011010010010010083838585848477777474757575758181838378788989919192929292959592929999100100165146145127118108100122971121321301201291151101001008385847774757581837889919292959299100
ECONOMIC TRENDS
More data on UNCTADstat
+6.7 %
Gross domestic product growth rate in 2017
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2017
GDP, current
103 072
199 591
292 774
313 514
GDP per capita, current US$
1 195
2 130
2 878
2 988
Real GDP growth, y-on-y, %
4.78
7.63
6.07
6.70
Current account balance, % of GDP
1.93
3.60
2.48
-0.80
Exchange rate (/US$)
55.085
45.110
45.503
50.404
GDP by expenditure in 2016
(as % of total GDP)
73.611.124.328.036.973.611.124.328.036.9
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+0.5 %
FDI outflows as % of GDP in 2017
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2017
FDI inflows
1 850.94
1 298.47
4 446.58
9 524.28
FDI outflows
981.05
2 940.25
4 346.93
1 613.98
Personal remittances, % of GDP
13.32
10.80
10.18
10.46
Financial flows trends
(millions of US$)
32 807.832 807.831 144.631 144.629 799.429 799.428 690.828 690.826 716.826 716.824 609.724 609.723 053.623 053.621 556.621 556.619 959.519 959.518 850.718 850.716 437.416 437.415 496.115 496.113 732.613 732.611 468.011 468.010 239.010 239.09 735.09 735.08 760.08 760.06 924.06 924.09 5249 5246 9156 9154 4474 4475 2855 2852 2802 2802 4492 4492 0432 0431 2981 2981 9901 9901 5441 5442 8242 8242 9292 9291 8511 8516886884914911 5421 5421951952 2402 24032 807.831 144.629 799.428 690.826 716.824 609.723 053.621 556.619 959.518 850.716 437.415 496.113 732.611 468.010 239.09 735.08 760.06 924.09 5246 9154 4475 2852 2802 4492 0431 2981 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 indicators ²
(as % and index)
2005
2010
2015
2017
Balance, % of GDP
-9.72
-5.66
-6.19
-10.48
Balance, % of imports
-22.91
-17.20
-20.12
-28.44
Normalized balance
-0.129
-0.094
-0.112
-0.166
Trade openness ²
(sum of imports and exports as % of GDP)
63585557545857605764677475
LABOUR FORCE
Labour force by gender in 2017
(as % of total labour force, all sectors)
Male
61%Male 61%Female
39%Female 39%
OTHER INDICATORS
More data on UNCTADstat
0.335 %
Share of the total world merchant fleet in 2017
Maritime transport indicators
 
2005
2010
2015
2017
Merchant fleet, national flag (thousands of DWT)
7 008
7 033
6 058
6 235
Liner shipping connectivity index (maximum 2004 = 100 for China)
15.87
15.19
18.27
27.28
Container port throughput (TEU)
..
5 087 499
7 210 441
8 196 961
Information economy indicators
(as % of)
2005
2010
2015
2017
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).
m
Estimated. Data refers to 2013.
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: 19 November 2018