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General profile: Philippines

GENERAL INFORMATION FOR 2023
Exchange rate
Population
Population
Exchange rates
GDP
GDP
114.891 Millions
..
436 168 Millions current US$
Land area¹
Land area
CPI growth (%)
CPI growth
GDP growth
GDP growth
(q) 298 170 km²
5.98 %
5.46 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
-6.8 %
Merchandise exports growth rate in 2023
Total merchandise trade
(millions of US$)
2005
2010
2015
2023
Merchandise exports
41 255
51 498
58 827
73 527
Merchandise imports
49 487
58 468
74 750
133 806
Merchandise trade balance
-8 233
-6 970
-15 922
-60 279
Export structure by product group in 2023
(as % of total exports)
4 %4 %79 %79 %8 %8 %8 %8 %
Top 5 partners in 2023
(exports, millions of US$)
11 42910 64810 4258 7733 52111 42910 64810 4258 7733 521
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2023
Services exports
8 611
17 782
29 065
48 285
Services imports
6 463
12 017
23 610
29 165
Services trade balance
2 148
5 765
5 455
19 120
Services exports by main category²
(as % of total services)
2005
2010
2015
2023
Transport
10.9
7.6
6.7
6.3
Travel
26.6
14.9
18.1
18.9
Other services
62.1
77.0
74.9
64.4
TRADE INDICES
More data on UNCTADstat
10310111011111911011810110092867872897181969494889510299981011041009591939310010396109112
ECONOMIC TRENDS
More data on UNCTADstat
+5.5 %
Gross domestic product growth rate in 2023
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2023
GDP, current
107 420
208 369
306 446
436 168
GDP per capita, current US$
1 220
2 163
2 910
3 796
Real GDP growth, y-on-y, %
4.94
7.33
6.35
5.46
Current account balance, % of GDP
1.85
3.45
2.37
-2.57
Exchange rate (/US$)
55.085
45.110
45.503
..
GDP by expenditure in 2022
(as % of total GDP)
75.915.024.728.444.075.915.024.728.444.0
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+0.3 %
FDI outflows as % of GDP in 2023
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2023
FDI inflows
1 850.94
1 070.39
5 639.16
(l) 6 209.69
FDI outflows
981.05
2 712.17
5 539.51
(l) 1 250.96
Personal remittances, % of GDP
12.78
10.35
9.72
..
Financial flows trends
(millions of US$)
38 048.736 685.334 882.835 167.533 809.032 809.831 142.029 799.428 690.826 716.824 609.723 053.621 556.619 959.518 850.716 437.415 496.16 2105 93911 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
2023
Balance, % of GDP
-9.32
-5.42
-5.92
-11.00
Balance, % of imports
-22.91
-17.20
-20.12
-31.94
Normalized balance
-0.129
-0.094
-0.112
-0.190
Trade openness²
(sum of imports and exports as % of GDP)
58625449596362555355515655585461647172
LIVING AREA
Population by living area in 2023
(% of population)
Urban 48%Urban 48%Rural 52%Rural 52%
OTHER INDICATORS
More data on UNCTADstat
0.266 %
Share of the total world merchant fleet in 2023
Maritime transport indicators
 
2005
2010
2015
2023
Merchant fleet, national flag (thousands of DWT)
7 008
7 033
6 195
6 049
Container port throughput (TEU)
..
5 138 014
7 175 424
..
Information economy indicators
(as % of)
2005
2010
2015
2023
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: UN Trade and Development, UNCTADstat (https://unctadstat.unctad.org/datacentre)
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).
l
Calculated from asset/liability basis.
q
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 the UNCTAD Data Hub 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 the UNCTAD Data Hub.
Generation date: 11 October 2024