Major Economic Indicators

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018*
GDP (current prices)bc 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 14,480 15,806 12,472
GDP (constant prices)abc 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 8,123 8,666 6,718
Growth rate (real GDP)ac 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% 6.3%
Inflation Rate (2006=100)e 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 3.2 4.9
Exchange Rate, US$1 : PhP (ave.)d 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 50.40 52.66
Exportsabc 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 4,125 4,931 4,263
Exports as % of GDPac 51% 46% 47% 47% 49% 49% 53% 53% 49% 45% 51% 48% 48% 45% 48% 49% 51% 57% 63%
Importsabc 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 4,789 5,657 4,942
Imports as % of GDPac 53% 53% 56% 55% 54% 53% 53% 50% 49% 44% 51% 49% 48% 47% 49% 52% 59% 65% 74%
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 99.9 101.6 103.2 104.9 106.6
Labor Force Participation Rated 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% 63.5% 61.2% 60.9%
Unemployment Rated 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% 5.4% 5.7% 5.3%
Underemployment Rated 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% 16.1% 16.4%

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Notes: aAt constant 2000 prices; bIn million pesos. cFigures in 2018 are for the first three quarters of 2018. dFigures in 2018 are annual. eFigures for 2018 are averages of monthly figures for the period January-June.

Notes: 2005 unemployment rate and labor force participation rate 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.

The quarterly population estimates were computed using the official national 2010 Census-based population projections, applying the Waring-Lagrange polynomial interpolation. (Source: PSA)

Population figures for 2001-2009 are based on the 2000 Census, while the figures for 2010 onwards are based on the 2010 Census.

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