WHAT YOU NEED TO KNOW ABOUT THE PHILIPPINES:

• It ranked 56th out of 148 countries in the 2016-2017 Global Competitiveness Index

• In 2016, the GDP is  304.90 USD Billion

• Balance of Trade: As of January 2018, the reported trade deficit is equivalent to 3.32 USD Billion.

• Consumer Confidence: declined from 9.50 in the fourth quarter of 2017 from 10.20 in the third quarter of 2017.

• Current account is reported to be equivalent to 1323.55 USD Million in December 2017

 

• Current Account to GDP: last reported at 0.20 percent of GDP in 2016

• According to The World Bank, the GDP is worth 304.90 billion USD in 2012 or 0.49% of the world economy.

• GDP Annual Growth Rate: expanded 6.6% in the December quarter of 2017 over the same quarter of the previous year.

• GDP Growth Rate: expanded 1.5% quarter-on-quarter in the three months to December of 2017.

• GDP Per Capita: according to the World Bank, it was last reported at 2753.30 USD (2016) equivalent to 22% of the world’s average.

• GDP Per Capita PPP:  last reported at 7236.50 USD (2016) according to the World Bank.

•  Government Budget: government budget deficit is equivalent to 2.40% of the Gross Domestic Product (GDP) in 2016.

• Government Debt to GDP:  42.10% of the country’s GDP (2016).

• Philippine Imports: worth 8535646.47 USD Thousand in January 2018.

• Philippine Exports: worth 5.22 USD Billion in January 2018.

• Inflation Rate: last reported at 3.90% in February 2018.

 

• Interest Rate: benchmark interest rate was last reported at 3.00% on March 22nd, 2018 by the Bangko Sentral ng Pilipinas.

• Population:  103.9 million in 2016.

• Unemployment Rate:  5.30% in the first quarter of 2018.

 

Source: (http://www.tradingeconomics.com)