Economic & Financial Data of the Philippines

NATIONAL SUMMARY DATA PAGE

Frequency: Daily

Last Updated: February 03, 2023

Economic and Financial Data of the Philippines

The data shown in this page correspond to the data described on the International Monetary Fund's (IMF) Dissemination Standards Bulletin Board (DSBB). For a fuller explanation of the DSBB and the statistical standards to which the Philippines has committed, please visit the DSBB Home Page.

[ Real Sector | Fiscal Sector | Financial Sector | External Sector | Population ]

Notes:
1. Data are not seasonally adjusted unless specified.
2. Data are final unless otherwise indicated.

SDDS Data Category and Component Unit
Description
Observation Link to Source
Date/
period of Latest Data
Latest Data Previous Data
REAL SECTOR 
National Accounts
Gross Domestic Product
(At constant 2018 prices)
In millions of pesos Q4/22 5,577,338 p/ 4,763,641 r/ PSA
Gross Domestic Product
(At current prices)
In millions of pesos Q4/22 6,454,428 p/ 5,243,043 r/ PSA
Production Index 1/
2018 base year
average index Nov/22 104.5p/ 101.2r/ PSA
Employment 2/ In thousands of persons Nov/22 49,706p/ 47,106p/ PSA
Unemployment 2/ In thousands of persons Nov/22 2,177p/ 2,241p/ PSA
Wages/ Earnings 3/
(Average Monthly Wage Rates in Selected Occupations)
monthly average, in pesos 2020 16,486 18,108 PSA
Consumer Price Index
2018 base year
monthly average index Dec/22

119.4

119.0 PSA
Producers Price Index 1/
2000 base year
monthly average index Dec/22 97.7p/ 98.6r/ PSA
FISCAL SECTOR 
Public Sector Operations          
Revenues In billions of pesos 2017 2,473,132 2,195,914 DOF
Expenditures In billions of pesos 2017 2,823,769 2,549,336 DOF
Total Surplus (+) / Deficit (-) In billions of pesos 2017 -350,637 -353,422 DOF
Balance Surplus (+) / Deficit (-) of the Non Financial Public Enterprises In billions of pesos 2017     DOF
Financing 4/ In billions of pesos 2017 663,929 220,938 DOF
External (Net) In billions of pesos 2017 27,569 -24,113 DOF
Domestic (Net)  In billions of pesos 2017 636,360 245,051 DOF
Bank In billions of pesos 2017     DOF
Non-Bank In billions of pesos 2017     DOF
Central Government Operations 10/
Revenue In millions of pesos Nov/22 331,061 288,873 BTr
Expenditures In millions of pesos Nov/22 454,990 387,934 BTr
Balance Surplus (+) / Deficit (-) In millions of pesos Nov/22 -123,929 -99,061 BTr
Financing In millions of pesos Nov/22 123,929 99,061 BTr
External (Net) In millions of pesos Nov/22 -13,131 119,958 BTr
Domestic (Net) 5/ In millions of pesos Nov/22 137,060 -20,897 BTr
Bank In millions of pesos Nov/22 153,343 112,196 BTr
Non-Bank In millions of pesos Nov/22 3,333 6,537 BTr
Central Government Debt
Total In millions of pesos Dec/22 13,418,860 13,644,164 BTr
Domestic Debt In millions of pesos Dec/22 9,208,387 9,427,967 BTr
Short term In millions of pesos Dec/22 410,361 435,374 BTr
Medium term In millions of pesos Dec/22 2,745,544 2,945,628 BTr
Long term In millions of pesos Dec/22 6,052,482 6,046,965 BTr
Foreign Debt  In millions of pesos Dec/22 4,210,473 4,216,197 BTr
Debt guaranteed by central government In millions of pesos Dec/22 399,046 388,000 BTr
Domestic In millions of pesos Dec/22 205,765 179,579 BTr
Foreign In millions of pesos Dec/22 193,281 208,421 BTr
FINANCIAL SECTOR 
Analytical Accounts of the Depository Corporations Subsector (Banking Subsector) 11/ note
Total Liquidity Aggregates (M4) and Liabilities Excluded from Broad Money In millions of pesos Dec/22 23,237,316 p/ 22,608,176 p/, r/ BSP
Currency and Transferable Deposits (M1) In millions of pesos Dec/22 6,610,527 p/ 6,365,514 p/, r/ BSP
Currency Outside Depository Corporations and Deposits (M2) In millions of pesos Dec/22 15,841,525 p/ 15,157,161 p/, r/ BSP
Broad-Money Liabilities: Domestic Liquidity (M3) In millions of pesos Dec/22 16,326,499 p/ 15,644,073 p/, r/ BSP
Net Claims on Central Government In millions of pesos Dec/22 4,551,119 p/ 4,141,891 p/, r/ BSP
Claims on Other Sectors In millions of pesos Dec/22 12,418,420 p/ 12,178,491 p/, r/ BSP
Net Foreign Assets In millions of pesos Dec/22 6,267,776 p/ 6,287,794 p/, r/ BSP
Analytical Accounts of the Central Bank (Central Bank Survey- SRF based) 11/
Net Foreign Assets In millions of pesos Dec/22 5,372,557 p/ 5,396,706 p/, r/ BSP
Domestic Claims In millions of pesos Dec/22 1,104,149 p/ 359,710 p/, r/ BSP
Reserve Money In millions of pesos Dec/22 3,780,532 p/ 3,520,795 p/, r/ BSP
Liabilities Other than Reserve Money In millions of pesos Dec/22 2,696,174 p/ 2,235,621 p/, r/ BSP
Interest rates
91 - day Treasury bills Weighted Average Interest Rate in percent per annum 01/30/23

4.152

4.211 BTr
Fixed-Rate Treasury Bonds Coupon Rate in percent per annum       BTr
a. 2 years   04/22/14 1.625 8.500  
b. 3 years   08/02/22 5.250 a 4.250  
c. 4 years   10/03/17 4.000 3.375  
c. 5 years   08/23/22 5.750 b 3.375  
d. 7 years   01/04/23 6.796    
e. 10 years   01/24/23 5.913    
f. 20 years   01/17/23 6.525 8.625  
g. 25 years   01/31/23 6.197 7.182  
BSP Rediscount Rate In percent per annum Dec/22 .. .. BSP
BSP Policy Rates 6/ In percent per annum        
a. Lending (OLF)  

02/03/23

6.00 6.00 BSP
b. Borrowing (RRP)  

02/03/23

5.50 5.50 BSP
Stock Market: Share Price Index
Composite Index 7/ February 28, 1990=1,022.045 02/03/23 7,027.38 6,986.19 PSE
EXTERNAL SECTOR 
Balance of Payments */ In millions of US$ Dec/22 612 -756 BSP
Overall Balance of Payments In millions of US$ Q3/22 -4,730 -3,596 BSP-BOP
Current Account In millions of US$ Q3/22 -5,800 -7,828 BSP
Net Goods and Services In millions of US$ Q3/22 -15,040 -16,253 BSP
Net Goods In millions of US$ Q3/22 -19,427 -19,205 BSP
Exports of Goods In millions of US$ Q3/22 14,558 13,971 BSP
Imports of Goods In millions of US$ Q3/22 33,984 33,177 BSP
Net Services In millions of US$ Q3/22 4,386 2,952 BSP
Exports of Services In millions of US$ Q3/22 10,942 9,173 BSP
Imports of Services In millions of US$ Q3/22 6,555 6,221 BSP
Net Primary Income In millions of US$ Q3/22 1,371 1,301 BSP
Net Secondary Income In millions of US$ Q3/22 7,870 7,124 BSP
Net Capital Account In millions of US$

Q3/22

18 22 BSP
Financial Account In millions of US$ Q3/22 -2,756 -3,038 BSP
Net Direct Investments In millions of US$ Q3/22 -843 -1,422 BSP
Net Portfolio Investments In millions of US$  Q3/22 1,435 119 BSP
Net Financial Derivatives In millions of US$ Q3/22 -276 -273 BSP
Net Other Investments In millions of US$ Q3/22 -3,072 -1,462 BSP
Change in Net Reserves In millions of US$ Q3/22 -4,730 -3596 BSP
International Reserves and Foreign Currency Liquidity 
Gross International Reserves (Official Reserve Assets) 11/ In millions of US$ Dec/22

96,149

95,123 BSP
International Reserves and Foreign Currency Liquidity (Complete template) 11/ In millions of US$ Dec/22 BSP BSP BSP
International Investment Position (IIP) 11/ In millions of US$ Q3/22 -30,138 -27,898 BSP
Assets In millions of US$ Q3/22 221,489 229,522 BSP
Direct Investment In millions of US$ Q3/22 64,984 64,899 BSP
Portfolio Investment In millions of US$ Q3/22 35,325 35,299 BSP
Financial Derivatives In millions of US$ Q3/22 834 615 BSP
Other Investment In millions of US$ Q3/22 27,347 27,856 BSP
Reserve Assets In millions of US$ Q3/22 93,000 100,854 BSP
Liabilities In millions of US$ Q3/22 251,627 257,421 BSP
Direct Investment In millions of US$ Q3/22 104,587 108,191 BSP
Portfolio Investment In millions of US$ Q3/22 74,042 79,628 BSP
Financial Derivatives In millions of US$ Q3/22 467 317 BSP
Other Investment In millions of US$ Q3/22 72,531 69,285 BSP
External Debt
External Debt In millions of US$ Q3/22 107,910 107,692 BSP
Merchandise Trade
Total Exports In millions of US$ (F.O.B.) Dec/22 5,667.77 p/

7,100.20 r/

PSA
Total Imports In millions of US$ (F.O.B.) Dec/22 10,263.94 p/ 10,809.67 r/ PSA
Trade Balance In millions of US$ (F.O.B) Dec/22 -4,596.17 p/ -3,709.47 r/ PSA
Exchange Rates
Philippine Peso Per US Dollar Rate 8/ weighted average interbank rates

02/03/23

53.96 54.59 BSP
Forward Rates         BSP
Population 9/ In millions 05/01/2020 109,035,343   PSA

*/ Data are based on Balance of Payments and International Investments Position Manual, 6th Edition (BPM6)

**/ Includes P540 billion Short-term borrowing

1/ The Philippine Statistics Authority (PSA) is availing the flexibility option for this category.

2/ The periodicity of Employment and Unemployment data is every quarter particularly every January, April, July and October. Previous data refers to the previous round of the Labor Force Survey and is not seasonally adjusted. The reference period is the "past week" referring to the seven days preceding the date of visit of the enumerator. Starting April 2005, the new unemployment definition was adopted per NSCB Resolution No. 15 dated October 20, 2004, to wit: the unemployed include all persons who are 15 years old and above as of their last birthday and are reported as (1) without work; AND (2) currently available for work; AND (3) seeking work OR not seeking work due to valid reasons.

3/ The data refers to the average monthly wage rate across the selected occupations in the selected industries. The Philippines is using the "as relevant" flexibility for this data and will publish wage rates statistics with a periodicity of two years and a timeliness of 12 months.

4/ January - November 2005. The data include only the financing of the national government, and the 14 monitored non-financial government corporations (MNGGCs).

5/ Breakdown of domestic financing was revised due to the change in the basis used for the calculation

6/ Beginning 3 June 2016, the BSP shifted its monetary operations to an interest rate corridor (IRC) system. The repurchase (RP) window was replaced by the standing overnight lending facility (OLF). Meanwhile, the reverse repurchase (RRP) facility was modified to a purely overnight RRP.

7/ The Philippine Stock Exchange index (PSEi) is the main index of the Philippine Stock Exchange (PSE). It is composed of the 30 largest and most active common stocks listed at the PSE. Daily updates are available at the PSE website.

8/ Daily updates and other convertible currencies with the BSP are available at the BSP website.

9/ Population Projection by Single-Year Interval (Medium Assumption). Previous data is for 2007.

10/ Scheduled release of CGO statistics as posted in the advance release calendar (ARC) will be postponed until further notice in view of the ongoing enhanced community quarantine in Luzon as a precautionary measure against the spread of Coronavirus Disease (COVID-19).

11/ On 17 March 2020, the BSP issued an announcement on the delay of release of statistics on DCS, CBS, International Reserves and Foreign Currency Liquidity, Reserves Template and IIP, which were committed in the 2020 ARC of SDDS and NSDP. In view of the ongoing enhanced community quarantine in Luzon as a precautionary measure against the spread of COVID-19, the scheduled release of these statistics will be postponed until further notice. The announcement of the BSP on the postponement of these statistics was posted at:  http://www.bsp.gov.ph/statistics/schedules.asp.

Acronyms:

OWS Occupational Wages Survey
OPSF Oil Price Stabilization Fund
OLF Leading Facility
RRP Reverse Repurchase

Sources of Data:

PSA Philippine Statistics Authority
DOF Department of Finance