Below is a short profile of the Philippine economy. This has been compliled from a number of sources including the Philippine Statistics Authority, Bangko Sentral ng Pilipinas, and the CIA World Factbook 2016.
Government balance sheet. Forex reserves (currencies and gold): $80.67 billion (31/12/15 est.*). External debt: $75.61 billion (30/9/15 est.). Public debt: 44.8% of GDP† (est.). FDI stock position/at home: $58.58 billion (30/9/15 est.). Abroad:$39.92 billion (31/9/15 est.). Inflation rate (consumer prices): 1.4% (est.).
Budget breakdown. Revenues: $46.64 billion. Taxes/other revenues: 16% of GDP (est.). Expenditures: $47.76 billion (est.). Budget surplus: -0.4% of GDP (est.).
Fiscal breakdown. Central bank discount rate: 6.13% (31/12/15).Commercial bank prime lending rate: 4.4% (31/12/15 est.). Narrow money stock: $56.68 billion (31/12/15 est.). Broad money stock: $179.1 billion (31/12/15 est.). Domestic credit stock: $167 billion (31/12/15 est.). Market value of publicly traded shares: $286.1 billion (31/12/15 est.). Current account balance: $5.555 billion (Jan-Sept/15 est.).
GDP – Purchasing power parity. $740.8 billion. Official exchange rate: $292 billion. Real growth rate: 5.8% (estimated). Per capita (PPP): $7,500 (*est.). Gross national saving as % of GDP: 25.7% of GDP (est.). GDP composition (end use): household consumption: 73.7%; government consumption: 10.4%; investment in fixed capital: 21.7%; investment in inventories: -0.9%. Exports (goods & services): 27.9%. imports (goods & services): -32.9% (est.).
Trade breakdown. Exports/fob: $58.65 billion (est.). Exports partners: Japan 21%, US 15%, China 11%, Hong Kong 10.6%, Singapore 6.2%, Germany 4.5%, South Korea 4.3%. Exports/commodities: semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, fruits. Imports: $66.69 billion (est.). Import partners: China 16.2%, US 10.8%, Japan 9.6%, Singapore 7%, South Korea 6.5%, Thailand 6.4%, Malaysia 4.7%, Indonesia 4.4% (2015). Imports/commodities: electronic products, mineral fuels, machinery and transport equipment, iron and steel, textile fabrics, grains, chemicals, plastic
Sector breakdown. GDP sector composition: agriculture: 10.3%; industry: 30.9%; services: 58.8% (est.). Agriculture products: sugarcane, coconuts, rice, corn, bananas, cassava (manioc, tapioca), pineapples, mangoes; pork, eggs, beef; fish. Major industries: electronics assembly, garments, footwear, pharmaceuticals, chemicals, wood products, food processing, petroleum refining, fishing. Industrial production growth rate: 6%.
Work force. Population size: 41.37 million (est.). Labour force by sector: agriculture: 29%; industry: 16%; services: 55% (est.). Unemployment rate: 6.3% (est.).
Notes: *All figures are 2015 estimates unless otherwise stated. Dollars are 2015 US dollars. †Including government-issued debt; excluding debt instruments issued by government entities other than Treasury. Data include treasury debt held by foreign entities and exclude debt issued by social security institutions, government-owned and -controlled corporations, Bangko Sentral ng Pilipinas, and local-government units.