page_title: Economy of the Philippines
section_title: Statistics
hierarchical_section_title: Economy of the Philippines / Statistics
caption_attribution_description: Philippines wealth chart
context_page_description: The economy of the Philippines is the world's 36th largest economy by nominal GDP according to the 2019 estimate of the International Monetary Fund's statistics, it is the 13th largest economy in Asia, and the 3rd largest economy in the ASEAN after Indonesia and Thailand. The Philippines is one of the emerging markets and is the sixth richest in Southeast Asia by GDP per capita values, after the regional countries of Singapore, Brunei, Malaysia, Thailand and Indonesia.
  The Philippines is primarily considered a newly industrialized country, which has an economy in transition from one based on agriculture to one based more on services and manufacturing. As of 2017, GDP by purchasing power parity was estimated to be at $1.980 trillion.
  Primary exports include semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, and fruits. Major trading partners include Japan, China, the United States, Singapore, South Korea, the Netherlands, Hong Kong, Germany, Taiwan and Thailand. The Philippines has been named as one of the Tiger Cub Economies together with Indonesia, Malaysia, Vietnam, and Thailand.
context_section_description: Most of the following statistics are sourced from the International Monetary Fund – Philippines (as of 2012; figures are in US dollars unless otherwise indicated).
  GDP – purchasing power parity: $751.770 billion (2015)
  GDP – real growth rate: 5.6% (Q2 2015)
  GDP per capita purchasing power parity: $6,985.680 (2014)
  GDP nominal:  $330.9 billion (2016)
  GDP per capita: $2,913.344 (2014)
  GDP – composition by sector:
  agriculture: 10.3%
  industry: 30.9%
  services: 58.8% (2015 est.)
  Population below poverty line: less than $1.25 / 10.41% (2009)
  less than $2 / 25.2% (2012), 26.3% (2009), 32.9% (2006 est.)
  Household income or consumption by percentage share:
  lowest 10%: 2.9%
  highest 10%: 30.5% (2012 est.)
  Inflation rate (consumer prices):  1.4%  (2015 est.), 4.1% (2014 est.), 5.3% (2011 est.), 3.5% (September 2010)
  Labor force: 41.37 million (2015 est.)
  Labor force by occupation:
  agriculture 29%
  industry 16%
  services 55% (2015 est.)
  Unemployment rate: 6.3% (2015 est.), 6.8% (2014 est.) 7.5% (April 2013), 6.9% (April 2012), 7.2% (April 2011) 
  Budget: 
  revenues: $34.58 billion (2013), $46.64 billion (2015 est.)
  expenditures: $44.29 billion (2013), $47.76 billion (2015 est.)
  Foreign reserves: US$85.761 billion (January 2013)
  Industries: electronics assembly, shipbuilding, garments, footwear, pharmaceuticals, chemicals, wood products, food processing, petroleum refining, fishing
  Industrial production growth rate: 6% (2015 est.)
  Electricity – production: 75.27 billion kWh (2013 est.)
  Electricity – consumption: 75.27 billion kWh (2013 est.)
  Electricity – exports: 0 kWh (2013)
  Electricity – imports: 0 kWh (2013)
  Agriculture – products: sugarcane, coconuts, rice, corn, bananas, cassavas, pineapples, mangoes; pork, eggs, beef; fish
  Exports: $58.65 billion (Jan–Sept 2015 est.) $62.1 billion (2014) $53.98 billion (2013) $54.17 billion (2011 est.); $69.46 billion (2010 est.)
  Exports – commodities: semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, fruits
  Exports – partners: Japan 21%, United States 15%, China 11%, Hong Kong 10.6%, Singapore 6.2%, Germany 4.5%, South Korea 4.3% (2015)
  Imports: $66.69 billion (2015), $65.4 billion (2014), $61.831 billion (2013), $68.84 billion (2011 est.)
  Imports – commodities: electronic products, mineral fuels, machinery and transport equipment, iron and steel, textile fabrics, grains, chemicals, plastic
  Imports – partners: China 16.2%, United States 10.8%, Japan 9.6%, Singapore 7%, South Korea 6.5%, Thailand 6.4%, Malaysia 4.7, Indonesia 4.4% (2015)
  Debt – external: $75.61 billion (September 30, 2015 est.)
  Currency: 1 Philippine peso (₱) = 100 centavos
  Exchange rates: Philippine pesos (PHP) per US dollar – 50.4 (2017 est), 47.493 (2016 est), 47.493 (2015 est), 45.503 (2014 est), 44.395 (2013 est), 42.43 (2012 avg), 43.31 (2011 avg), 45.11 (2010 avg), 47.637 (2009 avg), 44.475 (2008 avg), 46.148 (2007 avg), 51.314 (2006 avg), 55.085 (2005 avg)
caption: Percentage of population in 2007 living below poverty line, by province. Provinces with darker shades have more people living below the poverty line.
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