Economic & Financial Data of the Philippines

NATIONAL SUMMARY DATA PAGE 

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Last updated: February 22, 2019

Economic and Financial Data of the Philippines

The data shown in this page correspond to the data described on the International Monetary Fund's (IMF) Dissemination Standards Bulletin Board (DSBB). For a fuller explanation of the DSBB and the statistical standards to which the Philippines has committed, please visit the DSBB Home Page.

[ Real Sector | Fiscal Sector | Financial Sector | External Sector | Population ]

Notes:
1. Data are not seasonally adjusted unless specified.
2. Data are final unless otherwise indicated.

SDDS Data Category and Component

Unit
Description

Observation

Link to Source

Date/ period of Latest Data Latest Data Previous Data

REAL SECTOR

National Accounts

Gross Domestic Product
(At constant 2000 prices)
In millions of pesos Q4/18 2,486,518 2,219,512 r/ PSA
Gross Domestic Product
(At current prices)
In millions of pesos Q4/18 4,948,123 4,224,576 r/ PSA
Production Index  1/
2000 base year
average index Dec/18 195.9 201.3 r/ PSA
Employment 2/ In thousands of persons Q3/18 41,329 40,659

PSA

Unemployment 2/ In thousands of persons Q3/18 2,202 2,323

PSA

Wages/ Earnings 3/  
(Average Monthly Wage Rates in Selected Occupations)
monthly average, in pesos Jul/14 14,116 13,888

PSA

Consumer Price Index
2006 base year
monthly average index Jan/19 119.1 118.9

PSA

Producers Price Index 1/
2000 base year
monthly average index Dec/18 132.9 133.2 r/

PSA

FISCAL SECTOR

Public Sector Operations          
Revenues In billions of pesos 2015 2,108.96 1,908.53 DOF
Expenditures In billions of pesos 2015 2,230.65 1,981.62 DOF
Total Surplus (+) / Deficit (-) In billions of pesos 2015 121.69 73.09 DOF
  Balance Surplus (+) / Deficit (-) of the Non Financial Public Enterprises In billions of pesos 2015 n.a. DOF
Financing 4/ In billions of pesos 2015 92.85 175.24 DOF
  External (Net) In billions of pesos 2015 64.78 12.57 DOF
  Domestic (Net)  In billions of pesos 2015 28.07 162.67 DOF
    Bank In billions of pesos 2015 n.a. BTr
    Non-Bank In billions of pesos 2015 n.a. BTr

Central Government Operations

Revenue In millions of pesos Nov/18 259,702 246,762 BTr
Expenditures In millions of pesos Nov/18 298,820 306,627 BTr
Balance Surplus (+) / Deficit (-) In millions of pesos Nov/18 -39,118 -59,865 BTr
Financing In millions of pesos Nov/18 39,118 59,865 BTr
   External (Net) In millions of pesos Nov/18 -3,930 -2,629 BTr
   Domestic (Net) 5/ In millions of pesos Nov/18 43,048 62,494 BTr
       Bank In millions of pesos Nov/18 125,981 67,197 BTr
       Non-Bank In millions of pesos Nov/18 5,019 2,292 BTr
Central Government Debt
Total In millions of pesos Dec/18 7,292,500 7,195,018 BTr
  Domestic Debt In millions of pesos Dec/18 4,776,859 4,707,987 BTr
    Short term In millions of pesos Dec/18 494,306 481,240 BTr
    Medium term In millions of pesos Dec/18 915,457 915,457 BTr
    Long term In millions of pesos Dec/18 3,367,096 3,311,290 BTr
  Foreign Debt  In millions of pesos Dec/18 2,515,641 2,487,031 BTr
Debt guaranteed by central government In millions of pesos Dec/18 487,586 471,799 BTr
  Domestic In millions of pesos Dec/18 197,537 186,138 BTr
  Foreign In millions of pesos Dec/18 290,049 285,661 BTr

FINANCIAL SECTOR

Analytical Accounts of the Depository Corporations Subsector (Banking Subsector) note

Total Liquidity Aggregates (M4) and Liabilities Excluded from Broad Money In millions of pesos Dec/18 16,468,772 p/ 16,026,699 r/ BSP
Currency and Transferable Deposits (M1) In millions of pesos Dec/18 3,887,379 p/ 3,773,474 r/ BSP
Currency Outside Depository Corporations andDeposits (M2) In millions of pesos Dec/18 11,065,705 p/ 10,772,993 r/ BSP
Broad-Money Liabilities: Domestic Liquidity (M3) In millions of pesos Dec/18 11,612,149 p/ 11,259,401 r/ BSP
Net Claims on Central Government In millions of pesos Dec/18 1,903,439 p/ 1,855,811 r/ BSP
Claims on Other Sectors In millions of pesos Dec/18 10,105,786 p/ 9,886,663 r/ BSP
Net Foreign Assets In millions of pesos Dec/18 4,459,547 p/ 4,284,225 r/ BSP

Analytical Accounts of the Central Bank (Central Bank Survey- SRF based)

Net Foreign Assets In millions of pesos Jan/19 4,210,867 p/ 4,088,881 r/ BSP
Domestic Claims In millions of pesos Jan/19 7,353 p/ 420,212 r/ BSP
Reserve Money In millions of pesos Jan/19 3,044,919 p/ 3,338,027 r/ BSP
Liabilities Other than Reserve Money In millions of pesos Jan/19 1,173,301 p/ 1,171,066 r/ BSP
Interest rates
91 - day Treasury bills Weighted Average Interest Rate in percent per annum January/14/2019 5.396 5.411  BSP
Fixed-Rate Treasury Bonds Coupon Rate in percent per annum       BSP
  a.  2 years   Apr/22/14 1.625 8.500  
  b. 3 years   August/29/18 4.250 4.250  
  c.  4 years   Oct/03/17 4.000 3.375  
  c.  5 years   November/21/18 5.500 5.500  
  d.  7 years   December/17/18 5.750 5.750  
  e.  10 years   Jan/8/19 6.875 6.250  
  f.  20 years   Jun/19/18 6.500 6.500  
BSP Rediscount Rate In percent per annum Dec/18 5.358 5.288 BSP
BSP Policy Rates 6/ In percent per annum       BSP
  a.   Lending (OLF)   2/21/2019 5.250 5.250  
  b.   Borrowing (RRP)   2/21/2019 4.750 4.750  

Stock Market: Share Price Index

Composite Index   7/    September 30, 1994=100 February/21/19 7,931.300 7,939.240 PSE/ BSP

EXTERNAL SECTOR

Balance of Payments */
Overall Balance of Payments In millions of US$ Jan/19 2,704 2,442 BSP-BOP
Current Account In millions of US$ Q3/18 -2,907 -3,241 BSP
Net Goods and Services In millions of US$ Q3/18 -10,388 -10,459 BSP
Net Goods In millions of US$ Q3/18 -13,546 -12,901 BSP
       Exports of Goods In millions of US$ Q3/18 13,474 12,847 BSP
       Imports of Goods In millions of US$ Q3/18 27,020 25,748 BSP
Net Services In millions of US$ Q3/18 3,158 2,442 BSP
       Exports of Services In millions of US$ Q3/18 9,890 9,165 BSP
       Imports of Services In millions of US$ Q3/18 6,732 6,723 BSP
Net Primary Income In millions of US$ Q3/18 1,046 691 BSP
Net Secondary Income In millions of US$ Q3/18 6,435 6,528 BSP
Net Capital Account In millions of US$ Q3/18 -3 -1 BSP
Financial Account In millions of US$ Q3/18 -1,975 -1,512 BSP
Net Direct Investments In millions of US$ Q3/18 -1,300 -2,704 BSP
Net Portfolio Investments In millions of US$  Q3/18 -447 1,288 BSP
Net Financial Derivatives In millions of US$ Q3/18 33 16 BSP
Net Other Investments In millions of US$ Q3/18 -262 -112 BSP
Change in Net Reserves In millions of US$ Q3/18 -1,879 -2,030 BSP

International Reserves and Foreign Currency Liquidity

Gross International Reserves (Official Reserve Assets) In millions of US$ Jan/19 82,487 a/ 79,193 BSP
International Reserves and Foreign Currency Liquidity (Complete template) In millions of US$ Dec/18 BSP BSP BSP
International Investment Position (IIP) In millions of US$ Q3/18 -34,411 -28,547 BSP
   Assets In millions of US$ Q3/18 170,921 169,678 BSP
     Direct Investment In millions of US$ Q3/18 52,621 51,356 BSP
     Portfolio Investment In millions of US$ Q3/18 19,530 18,429 BSP
     Financial Derivatives In millions of US$ Q3/18 367 393 BSP
     Other Investment In millions of US$ Q3/18 23,464 21,974 BSP
     Reserve Assets In millions of US$ Q3/18 74,939 77,525 BSP
   Liabilities In millions of US$ Q3/18 205,332 198,225 BSP
     Direct Investment In millions of US$ Q3/18 79,458 77,722 BSP
     Portfolio Investment In millions of US$ Q3/18 74,727 72,574 BSP
     Financial Derivatives In millions of US$ Q3/18 233 260 BSP
     Other Investment In millions of US$ Q3/18 50,914 47,669 BSP
External Debt
External Debt In millions of US$ Q3/18 76,415 72,199 BSP
Merchandise Trade
Total Exports In millions of US$ (F.O.B.) Dec/18 4,721 5,569 r/  PSA
Total Imports In millions of US$ (F.O.B.) Dec/18 8,473 9,469  PSA
Trade Balance In millions of US$ (F.O.B) Dec/18 -3,752 -3,901 PSA
Exchange Rates
Peso per US $  8/ weighted average interbank rates Feb/21/19 52.11 52.31 BSP
Forward Rates   BSP
Population 9/ In millions August/01/15 101.0 92.3 PSA

a/ Revised based on the final International Reserves (IR) data as of end-January 2019.
p/ Preliminary
r/ Revised to reflect latest end-month data


    n.a.

*/ Data are based on Balance of Payments and International Investments Position Manual, 6th Edition (BPM6)
1/ The Philippine Statistics Authority (PSA) is availing the flexibility option for this category.
2/ The periodicity of Employment and Unemployment data is every quarter particularly every January, April, July and October.  Previous data refers to the previous round of the Labor Force Survey and is not seasonally adjusted.  The reference period is the "past week" referring to the seven days preceding the date of visit of the enumerator.  Starting April 2005, the new unemployment definition was adopted per NSCB Resolution No. 15 dated October 20, 2004, to wit: the unemployed include all persons who are 15 years old and above as of their last birthday and are reported as (1) without work; AND (2) currently available for work; AND (3) seeking work OR not seeking work due to valid reasons.
3/ The data refers to the average monthly wage rate across the selected occupations in the selected industries.  The Philippines is using the "as relevant"  flexibility for this data and will publish wage rates statistics with a periodicity of two years and a timeliness of 12 months.
4/ January - November 2005. The data include only the financing of the national government, and the 14 monitored non-financial government corporations (MNGGCs).
5/ Breakdown of domestic financing was revised due to the change in the basis used for the calculation
6/ Beginning 3 June 2016, the BSP shifted its monetary operations to an interest rate corridor (IRC) system. The repurchase (RP) window was replaced by the standing overnight lending facility (OLF). Meanwhile, the reverse repurchase (RRP) facility was
modified to a purely overnight RRP.
7/ The Philippine Stock Exchange (PSE) is the primary source of data while the Bangko Sentral ng Pilipinas (BSP) compiles the data.  Daily updates are available at the BSP website.
8/ Daily updates and other convertible currencies with the BSP are available at the BSP website. 

9/ Population Projection by Single-Year Interval (Medium Assumption).  Previous data is for 2007.

 

 

Acronyms:

OWS Occupational Wages Survey
OPSF Oil Price Stabilization Fund
OLF Leading Facility
RRP Reverse Repurchase

Sources of Data:

PSA Philippine Statistics Authority
DOF Department of Finance
BTr Bureau of Treasury
BSP Bangko Sentral ng Pilipinas
PSE Philippine Stocks Exchange