Macroeconomic Policy NewsPart 4 News: General Business Environment

Philippines Country Data

Source: TAPP Research

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Philippines: Country Data

        Base Year Source
           
DEMOGRAPHIC DATA          
Population (Official estimate) Million 88.5 2007 NSO
Population (projection)   Million 94.0 2010 NSO/PRB
Population Global Rank   Rk 12 Mid-2010 PRB
Population Growth Rate   % 2.3 1980-2007 NSO
Age group distribution          
<15   % 33.0 Mid-2010 PRB
15> and <65   % 63.0 Mid-2010 PRB
<65   % 4.0 Mid-2010 PRB
           
SOCIAL DATA          
Poverty          
Households   % 26.9 2006 NSO & NSCB
Individuals   % 32.9 2006 NSO & NSCB
Gini coefficient   % 0.458 2006 NSO
Life expectancy   years 72 2008 World Bank
           
ECONOMIC DATA          
Real Sector          
GDP (current prices) (Note 1)   Tn PhP 7.7 2009 NSCB
GDP per capita (annual, current prices) (Note 1) PhP 83,155.4 2009 NSCB & NSO
Labor force (Domestic)   Million 35.1 2009 NSO
Annual number of college graduates ( Note 8 ) Units 458,106 2009 CHED
Computer Penetration, % of households % 12.7% 2009 ITU
Estimated number of internet users Million 5.9551 2009 ITU
Number of internet users per 100 inhabitants Units 6.474124 2009 ITU
Proportion of households with internet % 11.0% 2009 ITU
Main fixed telephone lines in operation Million 4.1 2009 ITU
Main (fixed) telephone lines per 100 inhabitants Units 4.45734 2009 ITU
Mobile cellular phone subscriptions – (Post- & Pre-paid) Million 74.489 2009 ITU
Mobile cellular phone subscriptions per 100 inhabitants Units 80.98118 2009 ITU
Electric power generation   GWh 61,934 2009 DOE
Annual new vehicle sales   Units 132,444 2009 CAMPI
Infrastructure spending, % of GDP (Note 2) % 2.1 2009 DBM
NG infrastructure spending, % of GDP (Note 2) % 2.1 2009 DBM
Public sector infrastructure spending, % of GDP % 3.3 2009 DBM
Social spending          
NG education spending, % of GDP % 2.9 2009 ADB
NG social security and welfare spending, % of GDP % 1.2 2009 ADB
NG health spending, % of GDP % 0.5 2009 ADB
NG housing and community amenities spending, % of GDP % 0.1 2009 ADB
           
Fiscal sector          
Revenue Effort   % 14.6 2009 BTr
Tax effort   % 12.8 2009 BTr
Budget deficit   Bn PhP 298.5 2009 BTr
Budget deficit, % of GDP   % 3.9 2009 BTr
National Budget   Tn PhP 1.541 2010 DBM
NG actual debt   Tn PhP 4.4 2009 BTr
Debt ratio (Note 3)   % 57.3 2009 BTr
Debt service, % of GDP   % 8.1 2009 BTr

External Sector        
Goods exports, FOB, total value Bn USD 38.3 2009 NSO
Goods exports, distribution        
Total agro-based products % 5.5 2009 NSO
Forest products % 0.1 2009 NSO
Mineral products % 3.8 2009 NSO
Petroleum products % 0.8 2009 NSO
Manufactures % 86.0 2009 NSO
of which: Electronics (Note 4) % 61.6 2009 NSO
Special transactions % 3.7 2009 NSO
Export recipients (Top 10)        
Countries:        
US % 17.7 2009 NSO
Japan % 16.2 2009 NSO
Netherlands % 9.8 2009 NSO
Hong Kong, China % 8.4 2009 NSO
China % 7.7 2009 NSO
Singapore % 6.5 2009 NSO
Germany % 6.4 2009 NSO
Korea % 4.8 2009 NSO
Taiwan % 3.5 2009 NSO
Thailand % 3.2 2009 NSO
Others % 16.1 2009 NSO
Economic Blocs        
East Asia (Note 5) % 40.4 2009 NSO
EU (Note 6) % 20.6 2009 NSO
ASEAN (Note 7) % 15.2 2009 NSO
Import sources (Top 10)        
Countries:        
Japan % 12.5 2009 NSO
US % 11.9 2009 NSO
China % 8.9 2009 NSO
Korea, Republic of % 7.0 2009 NSO
Singapore % 8.7 2009 NSO
Indonesia % 4.0 2009 NSO
Taiwan % 7.0 2009 NSO
Thailand % 5.7 2009 NSO
Saudi Arabia % 3.6 2009 NSO
UAE % 1.8 2009 NSO
Others % 29.0 2009 NSO
Economic Blocs        
East Asia (Note 5) % 38.7 2009 NSO
EU (Note 6) % 7.6 2009 NSO
ASEAN (Note 7) % 25.4 2009 NSO
Number of foreign tourist arrivals Million 3.02 2009 DOT
Remittances Bn USD 17.3 2009 BSP
Stock estimate of Filipinos overseas Million 8.2 2008 CFO
Gross International Reserves Bn USD 44.2 2009 BSP
         
Monetary and Finacial Sector        
CPI (eop), 2000=100 Index 160.0 2009 NSO
Inflation rate, annual ave % 3.3 2009 NSO
Inflation rate, 10-year ave % 5.2 2000-2009 NSO
90-day T-bill rate, ave % 4.2 2009 BSP
Domestic interest rate, all maturities, ave % 4.5 2009 BSP
Overnight repo rate (eop) % 6.0 2009 BSP
Overnight reverse repo rate (eop) % 4.0 2009 BSP
Exchange rate average P/$ 47.6 2009 BSP
Exchange rate end-of-period P/$ 46.4 2009 BSP

Notes:

1 – As of Jan 2010 (4Q-09 report). This figure is subject to revision by NSCB.
2 – This refers to the national capital outlay for infrastructure (excludes corporate equity, capital transfer to LGU and other capital outlays.
3 – This only covers the actual debt and excludes the contingent debt
4 – Major electronic products and "other electronics"
5 – Includes China, Hong Kong, Japan, Macau, Mongolia, N. Korea, S. Korea, Taiwan
6 – Includes Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Latvia, and UK Great Britain & N. Ireland, Ireland, Italy, Latvia, Lithuania, Luxembourg
7 – Includes Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand, Vietnam
8 – Preliminary data
* ADB – Asian Development Bank; BSP – Bangko Sentral ng Pilipinas; BTr – Bureau of the Treasury; CAMPI – Chamber of Automotive Manufacturers of the Philippines, Inc.; CFO – Commission on Filipinos Overseas; CHED – Commission on Higher Education; DBM – Department of Budget and Management; DOE – Department of Energy; DOT – Department of Tourism; ITU – International Telecommunication Union; NSCB – National Statistical Coordination Board; NSO – National Statistics Office; PRB – Population Reference Bureau

Per capita GDP based on purchasing-power-parity (PPP), ASEAN-6    
                       
    2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Indonesia 2,441 2,552 2,674 2,825 3,005 3,207 3,449 3,727 3,985 4,151
Malaysia 9,169 9,135 9,579 10,159 10,902 11,610 12,478 13,449 14,149 13,800
Philippines 2,320 2,365 2,458 2,582 2,764 2,935 3,130 3,383 3,515 3,516
Singapore 32,251 32,281 34,702 36,618 40,330 43,976 47,319 50,130 51,247 50,180
Thailand 4,962 5,140 5,456 5,920 6,350 6,838 7,404 7,942 8,243 8,051
Vietnam 1,423 1,535 1,648 1,781 1,949 2,143 2,365 2,609 2,801 2,942
                     
Source: IMF; As of Oct. 2010                    
Per capita GDP, current prices, US$              
                     
Country 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Indonesia 807 773 928 1,100 1,188 1,300 1,636 1,916 2,238 2,329
Malaysia 4,030 3,864 4,112 4,409 4,898 5,319 5,951 6,967 8,143 6,950
Philippines 987 906 958 973 1,040 1,159 1,351 1,624 1,848 1,748
Singapore 22,791 21,001 22,028 23,029 26,419 28,498 31,616 36,527 39,266 36,379
Thailand 1,967 1,836 1,999 2,229 2,479 2,709 3,174 3,759 4,108 3,941
Vietnam 402 413 440 489 554 637 724 835 1,048 1,068
                     
Source: IMF; As of Oct. 2010                    

  Selected ASEAN-6 economic indicators and ASEAN trade profile  
             
        Base year Source  
             
  Population, ASEAN-6 Million 520.5 Mid-2010 PRB  
  ASEAN-6 GDP, current prices Tn USD 1.44 2009 ASEAN Sec  
  ASEAN-6 average real GDP growth (Note 1)          
  Indonesia % 5.1 2000-2009 World Bank  
  Malaysia % 4.8 2000-2009 World Bank  
  Philippines % 4.6 2000-2009 World Bank  
  Singapore % 5.6 2000-2009 World Bank  
  Thailand % 4.1 2000-2009 World Bank  
  Vietnam % 7.3 2000-2009 World Bank  
  Per capita income, PPP (As of Oct. 2010)          
  Indonesia USD 4,151 2009 IMF  
  Malaysia USD 13,800 2009 IMF  
  Philippines USD 3,516 2009 IMF  
  Singapore USD 50,180 2009 IMF  
  Thailand USD 8,051 2009 IMF  
  Vietnam USD 2,942 2009 IMF  
  ASEAN Trade          
  Total export value Bn USD 802.7 2009 ASEAN Sec  
  Share per destination          
  ASEAN % 24.6 2009 ASEAN Sec  
  Japan % 10.1 2009 ASEAN Sec  
  European Union (EU)-25 (Note 2) % 11.1 2009 ASEAN Sec  
  China % 9.7 2009 ASEAN Sec  
  USA % 10.0 2009 ASEAN Sec  
  Republic of Korea % 4.3 2009 ASEAN Sec  
  Australia % 3.9 2009 ASEAN Sec  
  India % 3.3 2009 ASEAN Sec  
  Rest of the world % 23.0 2009 ASEAN Sec  
  Total import value Bn USD 718.6 2009 ASEAN Sec  
  Share per destination          
  ASEAN % 23.8 2009 ASEAN Sec  
  Japan % 13.3 2009 ASEAN Sec  
  European Union (EU)-25 (Note 2) % 11.3 2009 ASEAN Sec  
  China % 11.4 2009 ASEAN Sec  
  USA % 9.2 2009 ASEAN Sec  
  Republic of Korea % 5.6 2009 ASEAN Sec  
  Australia % 2.2 2009 ASEAN Sec  
  India % 2.0 2009 ASEAN Sec  
  Rest of the world % 21.2 2009 ASEAN Sec  
             

Notes:
1- 2009 growth estimates are preliminary and are subject to revision by the country sources
2- Includes Austria, Belgium, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and United Kingdom

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