Philippines : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook


$62.68 billion (2011 est.)
$61.71 billion (2010 est.)


$47.23 billion (2011 est.)
$50.75 billion (2010 est.)

Inflation rate (consumer prices)

4.8% (2011 est.)
4.1% (2010 est.)

Unemployment rate

7% (2011 est.)
7.3% (2010 est.)

GDP - per capita (PPP)

$4,100 (2011 est.)
$4,100 (2010 est.)
$3,800 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

7.3% (2010 est.)
1.1% (2009 est.)
3.7% (2008 est.)

Internet users

8.278 million (2009)

Telephones - mobile cellular

79.896 million (2010)

Population growth rate

1.873% (2012 est.)


103,775,002 (July 2012 est.)

Historical background

The Philippine Islands became a Spanish colony during the 16th century; they were ceded to the US in 1898 following the Spanish-American War.

In 1935 the Philippines became a self-governing commonwealth.

Manuel QUEZON was elected president and was tasked with preparing the country for independence after a 10-year transition.

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Economic overview

Philippine GDP grew 7.

3% in 2010, spurred by consumer demand, a rebound in exports and investments, and election-related spending.

The economy weathered the 2008-09 global recession better than its regional peers due to minimal exposure to troubled international securities, lower dependence on exports, relatively resilient domestic consumption, large remittances from four-to five-million overseas Filipino workers, and a growing business process outsourcing industry.

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The Economist Intelligence Unit

Country Forecast Philippines November 2014 Updater

Country Forecast Philippines November 2014 Updater

  • $ 635
  • Country report
  • November 2014
  • by The Economist Intelligence Unit

The Economist Intelligence Unit expects the president, Benigno Aquino, to complete his term and stand down as planned in 2016, following the dismissal of impeachment motions against him in Septembe ...

  • Countries : Philippines

PRS Group

Country Forecasts (Subscription, two issues per year, April & October)

Country Forecasts (Subscription, two issues per year, April & October)

  • $ 882
  • Country report
  • October 2014
  • by PRS Group

Country Forecasts is a 480-page perfect-bound volume published in April and October. This publication provides a four-page summary of forecasts and data for each of the 100 countries monitored by Political ...

  • Countries : World, South America, Asia, Europe, North America, Africa, Dominican Republic, Czech Republic, South Korea, Philippines, Guinea, Congo, Democratic Republic Of, Papua New Guinea, New Zealand, Australia, Venezuela, Argentina, United States, Nicaragua, Guatemala, El Salvador, Dominica, Costa Rica, United Kingdom, Switzerland, Netherlands, United Arab Emirates, Sri Lanka, Singapore, Saudi Arabia, Kazakhstan, Indonesia, Bangladesh, Azerbaijan, South Africa, Uruguay, Suriname, Paraguay, Guyana, Ecuador, Chile, Colombia, Bolivia, Brazil, Panama, Mexico, Jamaica, Honduras, Haiti, Canada, Ukraine, Sweden, Spain, Slovakia (slovak Republic), Russian Federation, Romania, Portugal, Poland, Norway, Italy, Ireland, Hungary, Greece, France, Germany, Finland, Denmark, Bulgaria, Belgium, Austria, Vietnam, Thailand, Taiwan, Syrian Arab Republic, Pakistan, Myanmar, Malaysia, Kuwait, Japan, Israel, India, China, Zimbabwe, Zambia, Tunisia, Sudan, Nigeria, Morocco, Libyan Arab Jamahiriya, Kenya, Ivory Coast (cote D'ivoire), Gabon, Ghana, Egypt, Cameroon, Botswana, Angola, Algeria, Oceania, Peru, Cuba, Oman, Iraq, Iran

Oxford Economics

Country Economic Forecasts > Philippines

Country Economic Forecasts > Philippines

  • $ 185
  • Country report
  • October 2014
  • by Oxford Economics

The Philippine economy continues on its solid growth path. We expect it to expand by 6.3% in 2014 and 6.2% in 2015. Strong export data in recent months confirm our picture of an economy that is being boosted ...

  • Countries : Philippines

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