Philippines

PHL
Updated Sep 10, 2026
Nominal GDP
$487B
+5.5%2025
GDP growth
4.4%
-1.31pp2025
Consumer inflation
1.66%
-1.55pp2025
Policy rate
4.75%
+0.25ppJun 2026
Unemployment
2.23%
+0.03pp2025
GDP per capita
$4,171
+4.7%2025

Output & income

GDP growth

4.4%-1.31pp
-10%-5%05%10%2015201820212025
11 values
GDP growth, every published observation
PeriodValue
20254.4%
20245.71%
20235.52%
20227.58%
20215.71%
2020-9.52%
20196.12%
20186.34%
20176.93%
20167.15%
20156.35%

Nominal GDP

$487B+5.5%
$200B$300B$400B$500B$600B2015201820212025
11 values
Nominal GDP, every published observation
PeriodValue
2025$487B
2024$462B
2023$437B
2022$404B
2021$394B
2020$362B
2019$377B
2018$347B
2017$328B
2016$319B
2015$306B

Real GDP

$475B+4.4%
$200B$300B$400B$500B2015201820212025
11 values
Real GDP, every published observation
PeriodValue
2025$475B
2024$455B
2023$430B
2022$408B
2021$379B
2020$359B
2019$396B
2018$373B
2017$351B
2016$328B
2015$306B

GDP per capita

$4,171+4.7%
$2.5k$3k$3.5k$4k$4.5k2015201820212025
11 values
GDP per capita, every published observation
PeriodValue
2025$4,171
2024$3,985
2023$3,804
2022$3,548
2021$3,484
2020$3,228
2019$3,401
2018$3,169
2017$3,038
2016$2,985
2015$2,910

Prices, rates & jobs

Consumer inflation

1.66%-1.55pp
02%4%6%8%2015201820212025
11 values
Consumer inflation, every published observation
PeriodValue
20251.66%
20243.21%
20235.98%
20225.82%
20213.93%
20202.39%
20192.39%
20185.31%
20172.85%
20161.25%
20150.67%

Policy rate

4.75%+0.25pp
02%4%6%8%Jun 2016Dec 2018Jun 2021Dec 2023Jun 2026
121 values
Policy rate, every published observation
PeriodValue
Jun 20264.75%
May 20264.5%
Apr 20264.5%
Mar 20264.25%
Feb 20264.25%
Jan 20264.5%
Dec 20254.5%
Nov 20254.75%
Oct 20254.75%
Sep 20255.0%
Aug 20255.0%
Jul 20255.25%
Jun 20255.25%
May 20255.5%
Apr 20255.5%
Mar 20255.75%
Feb 20255.75%
Jan 20255.75%
Dec 20245.75%
Nov 20246.0%
Oct 20246.0%
Sep 20246.25%
Aug 20246.25%
Jul 20246.5%
Jun 20246.5%
May 20246.5%
Apr 20246.5%
Mar 20246.5%
Feb 20246.5%
Jan 20246.5%
Dec 20236.5%
Nov 20236.5%
Oct 20236.5%
Sep 20236.25%
Aug 20236.25%
Jul 20236.25%
Jun 20236.25%
May 20236.25%
Apr 20236.25%
Mar 20236.25%
Feb 20236.0%
Jan 20235.5%
Dec 20225.5%
Nov 20225.0%
Oct 20224.25%
Sep 20224.25%
Aug 20223.75%
Jul 20223.25%
Jun 20222.5%
May 20222.25%
Apr 20222.0%
Mar 20222.0%
Feb 20222.0%
Jan 20222.0%
Dec 20212.0%
Nov 20212.0%
Oct 20212.0%
Sep 20212.0%
Aug 20212.0%
Jul 20212.0%
Jun 20212.0%
May 20212.0%
Apr 20212.0%
Mar 20212.0%
Feb 20212.0%
Jan 20212.0%
Dec 20202.0%
Nov 20202.0%
Oct 20202.25%
Sep 20202.25%
Aug 20202.25%
Jul 20202.25%
Jun 20202.25%
May 20202.75%
Apr 20202.75%
Mar 20203.25%
Feb 20203.75%
Jan 20204.0%
Dec 20194.0%
Nov 20194.0%
Oct 20194.0%
Sep 20194.0%
Aug 20194.25%
Jul 20194.5%
Jun 20194.5%
May 20194.5%
Apr 20194.75%
Mar 20194.75%
Feb 20194.75%
Jan 20194.75%
Dec 20184.75%
Nov 20184.75%
Oct 20184.5%
Sep 20184.5%
Aug 20184.0%
Jul 20183.5%
Jun 20183.5%
May 20183.25%
Apr 20183.0%
Mar 20183.0%
Feb 20183.0%
Jan 20183.0%
Dec 20173.0%
Nov 20173.0%
Oct 20173.0%
Sep 20173.0%
Aug 20173.0%
Jul 20173.0%
Jun 20173.0%
May 20173.0%
Apr 20173.0%
Mar 20173.0%
Feb 20173.0%
Jan 20173.0%
Dec 20163.0%
Nov 20163.0%
Oct 20163.0%
Sep 20163.0%
Aug 20163.0%
Jul 20163.0%
Jun 20163.0%

Unemployment

2.23%+0.03pp
2%2.5%3%3.5%4%2015201820212025
11 values
Unemployment, every published observation
PeriodValue
20252.23%
20242.2%
20232.2%
20222.6%
20213.4%
20202.52%
20192.24%
20182.34%
20172.55%
20162.69%
20153.07%

Trade & currency

Trade balance

-$66.7B-$0.26B
-$80B-$60B-$40B-$20B02015201820212025
11 values
Trade balance, every published observation
PeriodValue
2025-$66.7B
2024-$66.4B
2023-$61.8B
2022-$63.3B
2021-$47.2B
2020-$28.1B
2019-$45.5B
2018-$40.7B
2017-$29.8B
2016-$26.9B
2015-$14.5B

Current account, % of GDP

-3.34%+0.68pp
-5%-2.5%02.5%5%2015201820212025
11 values
Current account, % of GDP, every published observation
PeriodValue
2025-3.34%
2024-4.02%
2023-2.83%
2022-4.52%
2021-1.51%
20203.2%
2019-0.81%
2018-2.56%
2017-0.65%
2016-0.38%
20152.37%

Export growth

8.24%+5.05pp
-20%-10%010%20%2015201820212025
11 values
Export growth, every published observation
PeriodValue
20258.24%
20243.2%
20231.34%
202210.96%
20218.0%
2020-16.14%
20192.64%
201811.82%
201717.4%
20169.21%
20159.97%

Import growth

5.04%+0.78pp
-40%-20%020%2015201820212025
11 values
Import growth, every published observation
PeriodValue
20255.04%
20244.27%
20231.04%
202214.02%
202112.82%
2020-21.55%
20192.33%
201814.64%
201715.15%
201618.81%
201515.01%

Exchange rate per USD

57.51+0.4%
40455055602015201820212025
11 values
Exchange rate per USD, every published observation
PeriodValue
202557.51
202457.29
202355.63
202254.48
202149.25
202049.62
201951.8
201852.66
201750.4
201647.49
201545.5

FX reserves

$111B+4.5%
$60B$80B$100B$120B2015201820212025
11 values
FX reserves, every published observation
PeriodValue
2025$111B
2024$106B
2023$104B
2022$96.0B
2021$109B
2020$110B
2019$89.5B
2018$79.2B
2017$81.4B
2016$80.7B
2015$80.6B

People

Population

117M+0.8%
100M105M110M115M120M2015201820212025
11 values
Population, every published observation
PeriodValue
2025117M
2024116M
2023115M
2022114M
2021113M
2020112M
2019111M
2018109M
2017108M
2016107M
2015105M

Population growth

0.81%-0.01pp
00.5%1%1.5%2015201820212025
11 values
Population growth, every published observation
PeriodValue
20250.81%
20240.83%
20230.81%
20220.76%
20210.91%
20201.15%
20191.22%
20181.24%
20171.29%
20161.34%
20151.48%

Urban population

55.77%+0.32pp
50%52%54%56%58%2015201820212025
11 values
Urban population, every published observation
PeriodValue
202555.77%
202455.45%
202355.12%
202254.79%
202154.45%
202054.11%
201953.72%
201853.21%
201752.6%
201651.91%
201551.15%

All indicators

Latest reading for every indicator published for this country
IndicatorLatestChangePeriod10 years
GDP growth4.4%-1.31pp2025
Nominal GDP$487B+5.5%2025
Real GDP$475B+4.4%2025
GDP per capita$4,171+4.7%2025
Consumer inflation1.66%-1.55pp2025
Policy rate4.75%+0.25ppJun 2026
Unemployment2.23%+0.03pp2025
Trade balance-$66.7B-$0.26B2025
Current account, % of GDP-3.34%+0.68pp2025
Export growth8.24%+5.05pp2025
Import growth5.04%+0.78pp2025
Exchange rate per USD57.51+0.4%2025
FX reserves$111B+4.5%2025
Population117M+0.8%2025
Population growth0.81%-0.01pp2025
Urban population55.77%+0.32pp2025