Major Economic Indicators

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
GDP (current prices)b 3,581 3,889 4,198 4,548 5,120 5,678 6,271 6,893 7,721 8,026 9,004 9,706 10,567 11,538 12,645 13,307
GDP (constant prices)ab 3,581 3,684 3,819 4,009 4,277 4,481 4,716 5,028 5,237 5,297 5,702 5,909 6,312 6,751 7,170 7,594
Growth rate (real GDP) 2.9% 3.6% 5.0% 6.7% 4.8% 5.2% 6.6% 4.2% 1.1% 7.6% 3.9% 6.5% 7.2% 6.1% 5.9%
Inflation Rate (2006=100) 6.7 5.3 2.7 2.3 4.8 6.5 5.5 2.9 8.3 4.2 3.8 4.6 3.2 3.0 4.1 1.4
Exchange Rate, US$1 : PhP (ave.) 44.19 50.99 51.60 54.20 56.04 55.09 51.31 46.15 44.47 47.64 45.11 43.31 42.23 42.45 44.40 45.50
Exportsab 1,839 1,709 1,789 1,870 2,108 2,213 2,492 2,660 2,589 2,386 2,886 2,805 3,053 3,025 3,378 3,681
Exports as % of GDPa 51% 46% 47% 47% 49% 49% 53% 53% 49% 45% 51% 47% 48% 45% 47% 48%
Importsab 1,911 1,934 2,128 2,184 2,320 2,395 2,479 2,521 2,562 2,354 2,884 2,854 3,008 3,163 3,457 3,942
Imports as % of GDPa 53% 52% 56% 54% 54% 53% 53% 50% 49% 44% 51% 48% 48% 47% 48% 52%
Total Population (million) 76.51 88.55 92.34 101.6
Labor Force Participation Rate 63.6% 67.1% 67.4% 66.7% 67.5% 64.7% 64.2% 64.0% 63.6% 64.0% 64.1% 64.6% 64.2% 63.9% 64.6% 63.7%
Unemployment Rate 11.2% 11.1% 11.4% 11.4% 11.8% 7.8% 8.0% 7.3% 7.4% 7.5% 7.4% 7.0% 7.0% 7.1% 6.6% 6.3%
Underemployment Rate 21.7% 17.2% 17.0% 17.0% 17.6% 21.0% 22.6% 20.1% 19.3% 19.1% 18.8% 19.3% 20.0% 19.3% 18.4% 18.5%

 

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Notes: aAt constant 2000 prices; bIn billion pesos. Unemployment rate and labor force participation rate figures for 2005 refer to averages of April, July and October figures, as definition of unemployment was revised beginning April 2005 to include availability criterion in conformance with international standard.

Sources: Bangko Sentral ng PilipinasPhilippine Statistics Authority (PSA) National AccountsPSA Labor Force Survey; Yearbook of Labor Statistics.