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Country Report Philippines June 2011
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HTMLOutlook for 2011-15: Forecast summary
| Forecast summary | ||||||
| (% unless otherwise indicated) | ||||||
| 2010a | 2011b | 2012b | 2013b | 2014b | 2015b | |
| Real GDP growth | 7.3 | 5.2 | 5.7 | 5.6 | 5.4 | 5.7 |
| Gross agricultural production growth | -0.5 | 3.3 | 1.3 | 3.0 | 2.2 | 3.0 |
| Unemployment rate (av) | 7.3 | 7.2 | 7.0 | 6.8 | 6.6 | 6.3 |
| Consumer price inflation (av) | 3.8 | 5.3 | 4.6 | 4.7 | 4.6 | 4.7 |
| 91-day Treasury-bill rate | 3.5c | 4.5 | 4.8 | 5.1 | 5.1 | 5.0 |
| Government balance (% of GDP) | -3.7 | -2.2 | -2.6 | -2.5 | -2.4 | -2.2 |
| Exports of goods fob (US$ bn) | 50.7c | 54.3 | 61.0 | 67.7 | 76.2 | 86.1 |
| Imports of goods fob (US$ bn) | 61.1c | 70.0 | 77.6 | 85.2 | 95.3 | 107.1 |
| Current-account balance (US$ bn) | 9.3c | 6.1 | 7.2 | 7.5 | 7.2 | 7.1 |
| Current-account balance (% of GDP) | 4.9c | 2.6 | 2.9 | 2.7 | 2.3 | 2.1 |
| External debt (year-end; US$ bn) | 63.7c | 64.6 | 63.6 | 63.5 | 64.0 | 65.0 |
| Exchange rate P:US$ (av) | 45.11 | 43.63 | 44.07 | 43.90 | 43.70 | 43.60 |
| Exchange rate P:US$ (end-period) | 43.89 | 43.85 | 43.98 | 43.80 | 43.65 | 43.55 |
| Exchange rate P:¥100 (av) | 51.33 | 53.02 | 54.40 | 54.20 | 53.21 | 52.22 |
| Exchange rate P:€ (end-period) | 59.60 | 57.66 | 53.66 | 53.00 | 54.34 | 56.16 |
| a Actual. b Economist Intelligence Unit forecasts. c Economist Intelligence Unit estimates. | ||||||
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