China and Japan will struggle through the first half of 2024, while India will continue as Asia’s fastest-growing economy. Monetary policy normalisation should begin mid-2024 as inflation tracks lower towards central bank target ranges; central banks in China and Japan will keep bucking this trend. Merchandise exports should mend in the second half as global growth turns a corner. We quantified the impact of stickier-than-expected inflation...
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GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Real Private Consumption | 2023 Q4 | 4,418,973 | 3,685,546 | Mil. 2018 PHP, NSA | Quarterly |
Real Investment | 2023 Q4 | 1,305,231 | 1,114,732 | Mil. 2018 PHP, NSA | Quarterly |
Real Government Consumption | 2023 Q4 | 1,318,885 | 1,058,321 | Mil. 2018 PHP, NSA | Quarterly |
Private Consumption | 2019 Q4 | 3,890,831 | 3,342,715 | Mil. PHP, NSA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2019 Q4 | 1,300,495 | 1,265,943 | Mil. PHP, NSA | Quarterly |
Investment | 2019 Q4 | 1,265,058 | 1,195,786 | Mil. PHP, NSA | Quarterly |
Real Gross Domestic Product | 2019 Q4 | 2,654,444 | 2,354,300 | Mil. 2000 PHP, NSA | Quarterly |
Government Consumption | 2019 Q4 | 676,509 | 576,881 | Mil. PHP, NSA | Quarterly |
Nominal Gross Domestic Product | 2019 Q4 | 5,282,837 | 4,497,694 | Mil. PHP, NSA | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2017 | 2,486,529,761,500 | 2,254,360,765,800 | NCU | Annual |
Price | Reference | Last | Previous | Units | Frequency |
Consumer Price Index (CPI) | Feb 2024 | 125.5 | 124.8 | Index 2018=100, NSA | Monthly |
Producer Price Index (PPI) | Jan 2024 | 97.65 | 98.68 | Index 2018=100, NSA | Monthly |
Wholesale Price Index | Dec 2023 | 137.2 | 137.1 | Index 2012=100, NSA | Monthly |
Labor | Reference | Last | Previous | Units | Frequency |
Labor Force Employment | Jan 2024 | 45,943 | 50,525 | Ths. #, NSA | Monthly |
Unemployment Rate | Jan 2024 | 4.5 | 3.1 | %, NSA | Monthly |
Total Employment | Jan 2024 | 45,943 | 50,525 | Ths. #, NSA | Monthly |
Unemployment | Jan 2024 | 2,150 | 1,602 | Ths. #, NSA | Monthly |
Real Wages & Salaries | 2019 Q4 | 3,122,281 | 2,822,810 | 2000 price Mil. PHP, NSA | Quarterly |
Agriculture Employment | 2017 | 11,589,853 | 11,807,387 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Real Exports of Goods and Services | 2023 Q4 | 1,396,886 | 1,571,844 | Mil. 2018 PHP, NSA | Quarterly |
Real Imports of Goods and Services | 2023 Q4 | 1,993,235 | 2,028,477 | Mil. 2018 PHP, NSA | Quarterly |
Current Account Balance | Sep 2023 | -601.34 | -905.33 | Mil. USD, NSA | Monthly |
Imports of Goods | Sep 2023 | 10,238 | 10,643 | Mil. USD, NSA | Monthly |
Exports of Goods | Sep 2023 | 5,077 | 4,974 | Mil. USD, NSA | Monthly |
Balance of Goods | Sep 2023 | -5,160 | -5,668 | Mil. USD, NSA | Monthly |
Imports of Goods and Services | 2019 Q4 | 1,876,352 | 2,021,780 | Mil. PHP, NSA | Quarterly |
Net Exports | 2019 Q4 | -513,324 | -573,563 | Mil. PHP, NSA | Quarterly |
Real Net Exports | 2019 Q4 | -276,710 | -185,663 | Mil. 2000 PHP, NSA | Quarterly |
Exports of Goods and Services | 2019 Q4 | 1,363,027 | 1,448,216 | Mil. PHP, NSA | Quarterly |
Government | Reference | Last | Previous | Units | Frequency |
Outstanding Public Debt - Domestic | Dec 2023 | 43,678 | 35,353 | Mil. PHP, NSA | Monthly |
Outstanding Public Debt - Foreign | Dec 2023 | 25,188 | 21,321 | Mil. PHP, NSA | Monthly |
Government Budget Balance | Dec 2023 | -400,956 | -93,254 | Mil. PHP, NSA | Monthly |
Gross External Debt | 2023 Q3 | 118,833 | 117,918 | Mil. USD, NSA | Quarterly |
Outstanding Public Debt | 2023 Q3 | 3,826,440,890,800 | 3,748,656,212,800 | NCU, NSA | Quarterly |
Government Revenues | Aug 2022 | 332,440 | 308,632 | Mil. PHP, NSA | Monthly |
Government Expenditures | Aug 2022 | 404,476 | 395,395 | Mil. PHP, NSA | Monthly |
Markets | Reference | Last | Previous | Units | Frequency |
Stock Market Index | 15 Mar 2024 | 6,822 | 6,967 | Index, NSA | Business Daily |
Treasury Bills (over 31 days) | Feb 2024 | 5.86 | 5.62 | % p.a., NSA | Monthly |
Average Long-term Government Bond | Jan 2024 | 4.67 | 4.82 | % p.a., NSA | Monthly |
Money Market Rate | Jan 2024 | 6.48 | 6.41 | % p.a., NSA | Monthly |
Lending Rate | 31 Dec 2018 | 4.75 | 4.75 | % p.a., NSA | Daily |
Real Estate | Reference | Last | Previous | Units | Frequency |
Non-residential Building Permits | 2023 Q4 | 7,607 | 8,273 | #, NSA | Quarterly |
Building Permits | 2023 Q4 | 34,675 | 37,845 | #, NSA | Quarterly |
Residential Building Permits | 2023 Q4 | 23,009 | 25,411 | #, NSA | Quarterly |
Consumer | Reference | Last | Previous | Units | Frequency |
Consumer Confidence | 2023 Q4 | -19.03 | -9.58 | Index, NSA | Quarterly |
Retail Sales | 2020 Q4 | 3,174,377 | 3,812,656 | Tons, NSA | Quarterly |
Business | Reference | Last | Previous | Units | Frequency |
Industrial Production | Jan 2024 | 101.06 | 99.33 | Vol. Index 2018=100, NSA | Monthly |
Business Confidence | 2023 Q4 | 35.85 | 35.81 | Index Number, NSA | Quarterly |
Real Change in Inventories | 2023 Q4 | 13,333 | -56,606 | Mil. 2018 PHP, NSA | Quarterly |
Change in Inventories | 2019 Q4 | -35,437 | -70,157 | Mil. PHP, NSA | Quarterly |
Capacity Utilization | 2015 | 81.8 | % | Annual | |
Demographics | Reference | Last | Previous | Units | Frequency |
Population | 2025 | 115,377,992 | 114,163,719 | # | Annual |
Births | 2021 | 1,364,739 | 1,528,684 | # | Annual |
Deaths | 2021 | 879,429 | 613,936 | # | Annual |
Birth Rate | 2016 | 23.21 | 23.45 | # per Ths. pop. | Annual |
Death Rate | 2016 | 6.52 | 6.5 | # per Ths. pop. | Annual |
Net Migration | 2012 | -650,000 | # | Annual |