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Philippines
Philippines
HistorySaid – pattern
Philippines matched the Export Boom Cycle pattern in 2012. 14 pattern matches detected historically. View →
HistorySaid – ranking
Philippines ranks 157th globally by GDP ($461.6B in 2024). View →
HistorySaid – inflation
Inflation in Philippines fell from 6.0% (2023) to 3.2% (2024) – a 2.8pp shift. View →
HistorySaid – population
Philippines has a population of 115.8 million as of 2024 (growth: 0.83%). View →
Economy & Growth
GDP $461.6B
GDP per Capita $3,985
GDP Growth 5.69%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Value Added | 9.55% | 9.40% | 9.08% | 8.80% Trend | 8.51% Trend | 8.22% Trend | – | – | – |
| GDP | $404.4B | $437.1B | $461.6B | $494.2B IMF WEO Oct 2025 | $533.9B IMF WEO Oct 2025 | $579.4B IMF WEO Oct 2025 | $629.6B IMF WEO Oct 2025 | $685.7B IMF WEO Oct 2025 | $746.5B IMF WEO Oct 2025 |
| GDP Deflator | 5.49% | 4.60% | 2.91% | 4.84% Trend | 5.33% Trend | 5.81% Trend | – | – | – |
| GDP Growth | 7.58% | 5.52% | 5.69% | 5.44% IMF WEO Oct 2025 | 5.73% IMF WEO Oct 2025 | 5.99% IMF WEO Oct 2025 | 6.00% IMF WEO Oct 2025 | 6.01% IMF WEO Oct 2025 | 6.02% IMF WEO Oct 2025 |
| GDP PPP | $1.15T | $1.26T | $1.37T | $1.48T IMF WEO Oct 2025 | $1.59T IMF WEO Oct 2025 | $1.71T IMF WEO Oct 2025 | $1.85T IMF WEO Oct 2025 | $1.99T IMF WEO Oct 2025 | $2.15T IMF WEO Oct 2025 |
| GDP per Capita | $3,548 | $3,804 | $3,985 | $4,321 IMF WEO Oct 2025 | $4,619 IMF WEO Oct 2025 | $4,960 IMF WEO Oct 2025 | $5,333 IMF WEO Oct 2025 | $5,747 IMF WEO Oct 2025 | $6,191 IMF WEO Oct 2025 |
| GDP per Capita PPP | $10,131 | $10,986 | $11,794 | $12,920 IMF WEO Oct 2025 | $13,760 IMF WEO Oct 2025 | $14,673 IMF WEO Oct 2025 | $15,640 IMF WEO Oct 2025 | $16,693 IMF WEO Oct 2025 | $17,841 IMF WEO Oct 2025 |
| GNI | $428.1B | $485.0B | $521.8B | $549.0B Trend | $583.2B Trend | $617.4B Trend | – | – | – |
| GNI per Capita | $4,010 | $4,320 | $4,470 | $4,841 Trend | $5,140 Trend | $5,439 Trend | – | – | – |
| Gross Savings | 22.47% | 27.34% | 29.24% | 19.08% IMF WEO Oct 2025 | 18.92% IMF WEO Oct 2025 | 20.39% IMF WEO Oct 2025 | 20.71% IMF WEO Oct 2025 | 21.21% IMF WEO Oct 2025 | 21.54% IMF WEO Oct 2025 |
| Industry Value Added | 29.22% | 28.20% | 27.69% | 27.85% Trend | 27.64% Trend | 27.43% Trend | – | – | – |
| Services Value Added | 61.23% | 62.40% | 63.22% | 63.36% Trend | 63.85% Trend | 64.35% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Prices & Inflation
Inflation Rate 3.21%
Consumer Price Index 159.66
PPP Conversion Factor 19.36
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Consumer Price Index | 145.97 | 154.69 | 159.66 | 167.38 Trend | 174.45 Trend | 181.51 Trend | – | – | – |
| Inflation Rate | 5.82% | 5.98% | 3.21% | 1.61% IMF WEO Oct 2025 | 2.55% IMF WEO Oct 2025 | 2.84% IMF WEO Oct 2025 | 3.00% IMF WEO Oct 2025 | 3.27% IMF WEO Oct 2025 | 3.20% IMF WEO Oct 2025 |
| PPP Conversion Factor | 19.08 | 19.26 | 19.36 | 19.22 Trend | 19.19 Trend | 19.16 Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Population
Population 115.8M
Population Growth 0.83%
Population Density 385.3
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|
| Birth Rate | 16.0 | – | – | 14.6 Trend | 14.1 Trend | – | – |
| Death Rate | 6.2 | – | – | 6.9 Trend | 7.0 Trend | – | – |
| Dependency Ratio | 51.22 | 50.06 | – | 48.84 Trend | 47.65 Trend | 46.47 Trend | – |
| Fertility Rate | 1.92 | – | – | 1.72 Trend | 1.65 Trend | – | – |
| Life Expectancy | 69.8 | – | – | 69.0 Trend | 69.0 Trend | – | – |
| Net Migration | -164,284 | -160,373 | -149,315 | – | -176,246 Trend | -182,934 Trend | -189,622 Trend |
| Population | 114.9M | 115.8M | – | 116.8M Trend | 117.7M Trend | 118.6M Trend | – |
| Population Density | 385.3 | – | – | 392.4 Trend | 395.7 Trend | – | – |
| Population Growth | 0.81% | 0.83% | – | 0.67% Trend | 0.60% Trend | 0.52% Trend | – |
| Refugee Population | – | – | – | – | – | – | – |
| Urban Population | 55.12% | 55.45% | – | 55.79% Trend | 56.13% Trend | 56.47% Trend | – |
Italic values are IMF World Economic Outlook projections.
Employment
Unemployment Rate 2.24%
Youth Unemployment 7.04%
Labor Force Participation 61.35%
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Employment | 22.04% | 21.19% | 20.49% | – | 19.38% Trend | 18.44% Trend | 17.51% Trend | – | – |
| Female Labor Participation | 50.45% | 50.51% | 50.49% | – | 53.02% Trend | 54.29% Trend | 55.56% Trend | – | – |
| Industry Employment | 18.94% | 19.50% | 19.96% | – | 20.12% Trend | 20.44% Trend | 20.77% Trend | – | – |
| Labor Force Participation | 61.42% | 61.40% | 61.35% | – | 63.33% Trend | 64.30% Trend | 65.28% Trend | – | – |
| Services Employment | 59.02% | 59.32% | 59.55% | – | 60.50% Trend | 61.11% Trend | 61.72% Trend | – | – |
| Unemployment Rate | 2.20% | 2.20% | 2.24% | 3.87% IMF WEO Oct 2025 | 3.87% IMF WEO Oct 2025 | 3.77% IMF WEO Oct 2025 | 3.77% IMF WEO Oct 2025 | 3.67% IMF WEO Oct 2025 | 3.67% IMF WEO Oct 2025 |
| Youth Unemployment | 6.91% | 6.96% | 7.04% | – | 6.44% Trend | 6.18% Trend | 5.92% Trend | – | – |
Italic values are IMF World Economic Outlook projections.
Government
Tax Revenue 14.10%
Government Spending 16.88%
Military Spending 1.32%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Budget Deficit | -5.48% | -4.38% | -3.78% | -3.57% IMF WEO Oct 2025 | -3.14% IMF WEO Oct 2025 | -2.65% IMF WEO Oct 2025 | -2.12% IMF WEO Oct 2025 | -1.83% IMF WEO Oct 2025 | -1.79% IMF WEO Oct 2025 |
| Education Spending | – | – | – | – | – | – | – | – | – |
| Government Debt to GDP | 57.39% | 56.48% | 56.63% | 58.17% IMF WEO Oct 2025 | 58.79% IMF WEO Oct 2025 | 58.66% IMF WEO Oct 2025 | 57.96% IMF WEO Oct 2025 | 56.84% IMF WEO Oct 2025 | 55.73% IMF WEO Oct 2025 |
| Government Revenue | 20.41% | 20.28% | 21.16% | 20.42% IMF WEO Oct 2025 | 20.50% IMF WEO Oct 2025 | 20.44% IMF WEO Oct 2025 | 20.50% IMF WEO Oct 2025 | 20.45% IMF WEO Oct 2025 | 20.52% IMF WEO Oct 2025 |
| Government Spending | 18.61% | 16.88% | – | 19.08% Trend | 19.40% Trend | – | – | – | – |
| Health Spending | 5.16% | 5.10% | – | 5.86% Trend | 6.04% Trend | – | – | – | – |
| Military Spending | 1.32% | 1.18% | 1.32% | 1.25% Trend | 1.23% Trend | 1.22% Trend | – | – | – |
| Tax Revenue | 14.62% | 14.10% | – | 14.22% Trend | 14.21% Trend | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Debt
External Debt $137.0B
External Debt to GNI 26.26%
Short-term Debt 15.29%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Debt Service | 8.59% | 12.26% | 14.43% | 13.89% Trend | 14.64% Trend | 15.39% Trend |
| Domestic Credit | 98.54% | 98.75% | 99.78% | 98.71% Trend | 98.41% Trend | 98.10% Trend |
| External Debt | $110.8B | $124.5B | $137.0B | $143.9B Trend | $153.4B Trend | $162.9B Trend |
| External Debt to GNI | 25.88% | 25.67% | 26.26% | 26.28% Trend | 26.42% Trend | 26.57% Trend |
| Interest Payments to Revenue | 14.19% | 16.43% | – | 18.24% Trend | 19.31% Trend | – |
| Short-term Debt | 15.00% | 13.73% | 15.29% | 14.91% Trend | 15.04% Trend | 15.17% Trend |
Italic values are IMF World Economic Outlook projections.
Money
Lending Rate 7.10%
Deposit Rate 4.08%
Real Interest Rate 6.35%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Credit to GDP | 48.87% | 48.31% | 49.81% | 47.97% Trend | 47.37% Trend | 46.76% Trend |
| Deposit Rate | – | – | – | – | – | – |
| Lending Rate | – | – | – | – | – | – |
| M2 Money Supply Growth | 7.82% | – | – | 6.55% Trend | – | – |
| Non-Performing Loans | 3.13% | 3.19% | – | 3.97% Trend | 4.17% Trend | – |
| Real Interest Rate | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Currency
Exchange Rate 57.29
Real Effective Exchange Rate 97.47
Foreign Reserves $106.2B
▾
| Indicator | 2024 | 2025 | 2026 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|
| Exchange Rate | 57.29 | – | – | 59.77 Trend | 61.94 Trend | 64.11 Trend | – | – |
| Foreign Reserves | $106.2B | – | – | $101.2B Trend | $99.9B Trend | $98.6B Trend | – | – |
| Real Effective Exchange Rate | 113.68 | 100.33 | 97.47 | – | – | 95.67 Trend | 91.94 Trend | 88.20 Trend |
| Reserves in Months of Imports | 7.3 | – | – | 5.2 Trend | 4.0 Trend | 2.8 Trend | – | – |
Italic values are IMF World Economic Outlook projections.
Trade
Exports $106.6B
Imports $161.5B
Trade Balance $-66.2B
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Current Account Balance | -4.52% | -2.83% | -3.96% | -3.81% IMF WEO Oct 2025 | -3.51% IMF WEO Oct 2025 | -3.20% IMF WEO Oct 2025 | -3.07% IMF WEO Oct 2025 | -2.85% IMF WEO Oct 2025 | -2.79% IMF WEO Oct 2025 |
| Exports | $98.8B | $103.6B | $106.6B | $116.1B Trend | $123.0B Trend | $129.9B Trend | – | – | – |
| FDI Inflows | 2.35% | 2.04% | 2.04% | 2.07% Trend | 2.00% Trend | 1.93% Trend | – | – | – |
| FDI Outflows | 0.95% | 0.81% | 0.62% | 0.64% Trend | 0.59% Trend | 0.54% Trend | – | – | – |
| Imports | $152.6B | $151.4B | $161.5B | $182.8B Trend | $197.7B Trend | $212.5B Trend | – | – | – |
| Remittances Received | $38.0B | $39.1B | $40.3B | $41.8B Trend | $43.1B Trend | $44.4B Trend | – | – | – |
| Tourism Receipts | – | – | – | – | – | – | – | – | – |
| Trade Balance | $-63.3B | $-61.8B | $-66.2B | $-80.6B Trend | $-89.7B Trend | $-98.7B Trend | – | – | – |
| Trade Openness | 72.43% | 67.42% | 65.89% | 71.29% Trend | 73.22% Trend | 75.16% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Financial Markets
Market Capitalization 54.55%
Stock Turnover Ratio 8.66%
Listed Companies 280
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Interest Rate Spread | – | – | – | – | – | – |
| Listed Companies | 283 | 280 | 280 | 286 Trend | 289 Trend | 292 Trend |
| Market Capitalization | 59.00% | 54.10% | 54.55% | 45.09% Trend | 39.09% Trend | 33.08% Trend |
| Stock Turnover Ratio | 10.92% | 8.92% | 8.66% | 7.52% Trend | 6.49% Trend | 5.46% Trend |
Italic values are IMF World Economic Outlook projections.
Political Stability
Political Stability -0.57
Government Effectiveness 0.15
Regulatory Quality 0.16
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Control of Corruption | -0.53 | -0.54 | -0.54 | -0.50 Trend | -0.49 Trend |
| Government Effectiveness | 0.03 | 0.06 | 0.15 | 0.15 Trend | 0.17 Trend |
| Political Stability | -0.98 | -0.66 | -0.57 | -0.44 Trend | -0.36 Trend |
| Regulatory Quality | 0.06 | 0.06 | 0.16 | 0.13 Trend | 0.14 Trend |
| Rule of Law | -0.67 | -0.52 | -0.42 | -0.39 Trend | -0.34 Trend |
| Voice and Accountability | -0.15 | -0.05 | -0.02 | -0.06 Trend | -0.06 Trend |
Italic values are IMF World Economic Outlook projections.
Health
Health Expenditure per Capita $194
Infant Mortality Rate 22.1
Maternal Mortality Ratio 84.00
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Health Expenditure per Capita | $208 | $183 | $194 | $227 Trend | $239 Trend |
| Hospital Beds | 0.97 | – | – | – | – |
| Infant Mortality Rate | 22.7 | 22.4 | 22.1 | 21.9 Trend | 21.7 Trend |
| Maternal Mortality Ratio | 153.00 | 92.00 | 84.00 | 97.00 Trend | 95.80 Trend |
| Physicians | 0.79 | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Education
Literacy Rate 98.47%
Tertiary Enrollment 47.41%
Education Spending 3.97%
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|
| Education Spending | 3.62% | 3.93% | 3.97% | – | 3.96% Trend | 4.01% Trend | 4.06% Trend |
| Literacy Rate | – | – | – | – | – | – | – |
| Primary Enrollment | 92.45% | 94.03% | – | 93.38% Trend | 93.89% Trend | 94.40% Trend | – |
| Tertiary Enrollment | 44.24% | 47.41% | – | 51.72% Trend | 55.94% Trend | 60.15% Trend | – |
Italic values are IMF World Economic Outlook projections.
Energy
Renewable Energy 28.00%
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| CO2 Emissions | – | – | – | – | – |
| CO2 per Capita | – | – | – | – | – |
| Electricity Access | 97.50% | 94.80% | 98.00% | 97.92% Trend | 98.30% Trend |
| Energy Use per Capita | 531 | 551 | – | 527 Trend | – |
| Forest Area | 24.23% | 24.34% | 24.46% | 24.69% Trend | 24.81% Trend |
| Renewable Energy | 28.00% | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Technology
Internet Users 83.77%
Mobile Subscriptions 117.28
R&D Spending 0.32%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| High-tech Exports | 66.61% | 63.98% | 60.98% | 60.85% Trend | 59.61% Trend | 58.37% Trend |
| Internet Users | 75.21% | 83.77% | – | 105.71% Trend | 116.00% Trend | – |
| Mobile Subscriptions | 147.43 | 117.28 | – | 117.32 Trend | 111.97 Trend | – |
| Patent Applications | – | – | – | – | – | – |
| R&D Spending | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Inequality
Gini Index 39.3
Poverty Rate 5.30%
Income Share Top 10% 31.60%
▾
| Indicator | 2018 | 2021 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Gini Index | 42.3 | 40.7 | 39.3 | 38.0 Trend | 37.3 Trend |
| Income Share Bottom 10% | 2.50% | 2.70% | 2.90% | 3.01% Trend | 3.08% Trend |
| Income Share Top 10% | 33.50% | 32.50% | 31.60% | 30.72% Trend | 30.30% Trend |
| Poverty Rate | 8.30% | 8.10% | 5.30% | 1.54% Trend | 0.15% Trend |
Italic values are IMF World Economic Outlook projections.