Major Economic Indicators

 

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017*
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 9,708 10,561 11,539 12,634 13,322 14,481 11,336
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 5,910 6,305 6,751 7,166 7,600 8,127 6,322
Growth rate (real GDP) 2.9% 3.6% 5.0% 6.7% 4.8% 5.2% 6.6% 4.2% 1.1% 7.6% 3.7% 6.7% 7.1% 6.1% 6.1% 6.9% 6.7%
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 1.8 3.1
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 47.49 50.2
Exportsab 1,839 1,709 1,789 1,870 2,109 2,213 2,492 2,660 2,589 2,386 2,886 2,813 3,054 3,025 3,407 3,696 4,090 3,787
Exports as % of GDPa 51% 46% 47% 47% 49% 49% 53% 53% 49% 45% 51% 48% 48% 45% 48% 49% 50% 60%
Importsab 1,911 1,934 2,128 2,184 2,320 2,395 2,479 2,521 2,562 2,354 2,884 2,868 3,029 3,163 3,476 3,984 4,722 4,173
Imports as % of GDPa 53% 53% 56% 55% 54% 53% 53% 50% 49% 44% 51% 49% 48% 47% 49% 52% 58% 66%
Total Population (million) 76.51 78.6 80.3 81.9 83.6 85.3 87.0 88.7 89.4 91.0 92.6 94.2 96.5 98.2 99.9 101.6 103.2 104.1
Labor Force Participation Rate 63.6% 67.1% 67.4% 66.7% 67.5% 65.1% 64.3% 64.0% 63.6% 64.0% 64.1% 64.6% 64.2% 63.9% 64.4% 63.7% 63.4% 60.9%
Unemployment Rate 11.2% 11.1% 11.4% 11.4% 11.8% 8.7% 7.9% 7.3% 7.4% 7.5% 7.4% 7.0% 7.0% 7.1% 6.8% 6.3% 5.5% 6.0%
Underemployment Rate 21.7% 17.2% 17.0% 17.0% 17.6% 21.0% 22.7% 20.1% 19.3% 19.1% 18.8% 19.3% 20.0% 19.3% 18.7% 18.5% 18.3% 16.2%

 

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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.

* As of 3rd quarter of 2017.

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