Philippines

Philippines

We offer a data-driven country report for Philippines that explores inter alia population, international trading relationships, energy consumption, GDP growth, current account balances, and R&D investment. Additionally, CFI quotes from the Big Mac Index (courtesy of The Economist) which gives a rough idea of purchasing power parity. Other authoritative sources include The United Nations Conference on Trade and Development, The World Bank, and The International Money Fund. Visit us regularly for updates and new sources of key economic information on Philippines.

Its population in 2018 was 106,512,074 [1]

In 2015, 27.45% of its total energy
consumption was renewable [2]

In 2021, its GDP grew by 5.70% [2]

In 2021 it had a negative Current
Account Balance of US$bn 6.92 [3]

Its unemployment rate in 2021 was 7.76% [3]

Its Expenditure on R&D (as a percentage of
GDP) in 2018 was 0.32% [2]

A Big Mac will set you back the
local equivalent of US$2.67 [4]



What free trade areas or economic unions is it a member of?

Member of the Association of Southeast Asian Nations (ASEAN) since 08/08/1967

Other members:

Brunei Darussalam, Cambodia, Indonesia, Lao People's Dem. Rep., Malaysia, Myanmar, Singapore, Thailand, Vietnam


What trade deals are there between Association of Southeast Asian Nations and other countries and economic unions?

ASEAN - Japan Comprehensive Economic Partnership (from 01/12/2008)

ASEAN - Australia - New Zealand Free Trade Area (from 01/01/2010)

ASEAN - China Free Trade Area (from 01/01/2010)

ASEAN - India Free Trade Area (from 01/01/2010)

ASEAN - Korea Free Trade Area (from 01/01/2010)

Free Trade Agreement between Hong Kong, China and the Association of Southeast Asian Nations (from 11/06/2019)


What trade deals are there with other countries and economic unions?

Protocol on Trade Negotiations (from 11/02/1973)

Japan - Philippines free trade agreement (from 11/12/2008)

EFTA - Philippines Free Trade Agreement (from 01/06/2018)

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UnionBank of the Philippines: Steadfast, Agile and Ready for Whatever Life Brings – a Bank Behind its People

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History and Future: Two Things Pilipinas Shell Takes Into Account in All of its Dealings

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UBX: Exponential Opportunities for Businesses and People through Digital Transformation

In 2018, two years after taking the bold step to digital transformation, Union Bank of the Philippines (UnionBank) spun off its fintech and corporate venture capital arm: UBX. UBX Philippines
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IFC: Corporate Governance Gains Prominence with the Forthcoming ASEAN Economic Community

One of the much-anticipated events in Asia this year is the formation of the ASEAN Economic Community which will allow goods, services, and investments to flow more freely across the
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Ray-Ban: Wearable Icon

October 20 1944, on the Philippine island of Leyte, Gaetano Faillace, personal photographer to General Douglas MacArthur, waded ashore at Dagupan just ahead of the general’s entourage. The beach had
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World Bank Response to Philippines Typhoon Disaster

“We have been encouraged by the resilience of the Filipino people and the determination shown by President Aquino and his team as they work to recover from a disaster of
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World Bank: Philippines Poised for More and Better Jobs

By Axel Van Trotsenburg, World Bank Vice President for East Asia and Pacific If the first quarter of this year is any indication, the Philippines is doing well in terms
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Global Wage Report

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Trade with the United Kingdom

Source: UK Office for National Statistics, October 2022.

Contains public sector information licensed under the Open Government Licence v3.0.

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