hosted by
funded by
Country Report Philippines June 2011
PDF
HTMLData and charts: Quarterly data
| 2009 | 2010 | 2011 | ||||||
| 2 Qtr | 3 Qtr | 4 Qtr | 1 Qtr | 2 Qtr | 3 Qtr | 4 Qtr | 1 Qtr | |
| Government finance (P bn) | ||||||||
| Revenue | 310.3 | 294.1 | 283.4 | 265.8 | 326.3 | 302.6 | 313.2 | 323.1 |
| Expenditure | 344.1 | 378.2 | 344.4 | 400.0 | 388.8 | 365.7 | 367.9 | 349.3 |
| Balance | -33.7 | -84.1 | -61.0 | -134.2 | -62.6 | -63.1 | -54.7 | -26.2 |
| Output | ||||||||
| GDP at constant 1985 prices (P bn) | 355.7 | 344.4 | 397.7 | 360.4 | 384.7 | 366.1 | 425.9 | n/a |
| GDP at constant 1985 prices (% change, year on year) | 1.2 | 0.2 | 2.1 | 7.8 | 8.2 | 6.3 | 7.1 | n/a |
| Manufacturing index (1994=100) | 71.4 | 77.9 | 87.7 | 81.0 | 90.9 | 94.2 | 101.9 | n/a |
| Manufacturing index (% change, year on year) | -17.2 | -11.9 | 3.6 | 31.1 | 27.4 | 20.9 | 16.2 | n/a |
| Employment and prices | ||||||||
| Employment ('000) | 34,993 | 35,509 | 35,477 | 36,001 | 35,411 | 36,307 | 36,489 | 36,293 |
| Employment (% change, year on year) | 4.3 | 2.6 | 2.7 | 5.1 | 1.2 | 2.2 | 2.9 | 0.8 |
| Unemployment rate (% of labour force) | 7.5 | 7.6 | 7.1 | 7.3 | 8.0 | 6.9 | 7.1 | 7.4 |
| Consumer prices (2000=100) | 159.1 | 160.4 | 162.6 | 164.5 | 165.9 | 166.6 | 167.4 | 171.2 |
| Consumer prices (% change, year on year) | 3.2 | 0.3 | 2.9 | 4.3 | 4.3 | 3.8 | 3.0 | 4.1 |
| Producer prices, manufacturing (1994=100) | 172.9 | 174.5 | 173.0 | 168.8 | 163.4 | 163.0 | 161.8 | 166.2 |
| Producer prices (% change, year on year) | -0.3 | -3.1 | -3.4 | -1.3 | -5.5 | -6.6 | -6.5 | -1.5 |
| Financial indicators | ||||||||
| Exchange rate P:US$ (av) | 47.88 | 48.15 | 46.77 | 46.03 | 45.51 | 45.27 | 43.63 | 43.80 |
| Exchange rate P:US$ (end-period) | 48.31 | 47.39 | 46.36 | 45.63 | 46.31 | 43.90 | 43.89 | 43.43 |
| Deposit rate (av; %) | 2.6 | 2.3 | 2.7 | 3.2 | 3.1 | 3.1 | 3.5 | n/a |
| Lending rate (av; %) | 8.5 | 8.0 | 8.2 | 7.9 | 7.7 | 7.6 | 7.4 | n/a |
| M1 (end-period; P bn) | 1,061.0 | 1,135.8 | 1,152.2 | 1,203.2 | 1,230.2 | 1,250.6 | 1,276.3 | n/a |
| M1 (% change, year on year) | 18.1 | 18.5 | 13.8 | 17.2 | 15.9 | 10.1 | 10.8 | n/a |
| M2 (end-period; P bn) | 3,506.9 | 3,656.8 | 3,706.5 | 3,778.5 | 3,854.0 | 4,023.6 | 4,104.9 | n/a |
| M2 (% change, year on year) | 12.3 | 10.9 | 7.5 | 9.8 | 9.9 | 10.0 | 10.8 | n/a |
| Philippine Stock Exchange index (end-period; Jan 2nd 1985=100) | 2,438.0 | 2,800.8 | 3,052.7 | 3,161.8 | 3,372.7 | 4,100.1 | 4,201.1 | 4,055.1 |
| Philippine Stock Exchange index (% change, year on year) | -0.9 | 9.0 | 63.0 | 59.2 | 38.3 | 46.4 | 37.6 | 28.3 |
| Foreign trade (US$ m) | ||||||||
| Exports fob | 9,297 | 10,419 | 10,694 | 11,330 | 12,391 | 14,588 | 13,123 | n/a |
| Imports fob | -11,470 | -12,015 | -11,665 | -13,575 | -14,408 | -14,586 | -15,661 | n/a |
| Trade balance | -2,173 | -1,595 | -972 | -2,244 | -2,017 | 2 | -2,537 | n/a |
| Balance of payments (US$ m) | ||||||||
| Merchandise trade balance fob-fob | -2,540 | -2,028 | -2,024 | -2,308 | -2,446 | -1,496 | n/a | n/a |
| Services balance | 317 | 72 | 322 | 737 | 430 | 88 | n/a | n/a |
| Income balance | 315 | -47 | 197 | -508 | 227 | 32 | n/a | n/a |
| Net transfer payments | 4,107 | 3,929 | 4,099 | 3,900 | 4,327 | 4,036 | n/a | n/a |
| Current-account balance | 2,199 | 1,926 | 2,594 | 1,821 | 2,538 | 2,660 | n/a | n/a |
| Reserves excl gold (end-period) | 34,778 | 37,519 | 38,783 | 39,649 | 41,845 | 46,360 | 55,363 | n/a |
| Sources: Bangko Sentral ng Pilipinas, Selected Economic Indicators; IMF, International Financial Statistics; National Statistical Co-ordination Board, Economic Indicators. | ||||||||
Download the numbers in Excel
© 2011 The Economist lntelligence Unit Ltd. All rights reserved
Whilst every effort has been taken to verify the accuracy of this information, The Economist lntelligence Unit Ltd. cannot accept any responsibility or liability for reliance by any person on this information