AfghanistanAlbaniaAlgeriaAndorraAngolaAntigua and BarbudaArgentinaArmeniaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBhutanBoliviaBosnia and HerzegovinaBotswanaBrazilBruneiBulgariaBurkina FasoBurundiCabo VerdeCambodiaCameroonCanadaCentral African RepublicChadChileChinaColombiaComorosCosta RicaCôte d'IvoireCroatiaCubaCyprusCzechiaDemocratic Republic of the CongoDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEswatiniEthiopiaEuro zoneFederated States of MicronesiaFijiFinlandFranceGabonGeorgiaGermanyGhanaGreeceGrenadaGuatemalaGuineaGuinea-BissauGuyanaHaitiHondurasHong KongHungaryIcelandIndiaIndonesiaIranIraqIrelandIsraelItalyJamaicaJapanJordanKazakhstanKenyaKiribatiKuwaitKyrgyzstanLaosLatviaLebanonLesothoLiberiaLibyaLiechtensteinLithuaniaLuxembourgMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMauritaniaMauritiusMexicoMoldovaMonacoMongoliaMontenegroMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew ZealandNicaraguaNigerNigeriaNorth KoreaNorth MacedoniaNorwayOmanPakistanPalauPanamaPapua New GuineaParaguayPeruPhilippinesPolandPortugalQatarRepublic of the CongoRomaniaRussiaRwandaSaint Kitts and NevisSaint LuciaSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth KoreaSouth SudanSpainSri LankaState of PalestineSudanSurinameSwedenSwitzerlandSyriaTaiwanTajikistanTanzaniaThailandThe GambiaTimor-LesteTogoTongaTrinidad and TobagoTunisiaTürkiyeTurkmenistanTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited StatesUruguayUzbekistanVanuatuVenezuelaViet NamYemenZambiaZimbabweAfghanistanAlbaniaAlgeriaAndorraAngolaAntigua and BarbudaArgentinaArmeniaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBhutanBoliviaBosnia and HerzegovinaBotswanaBrazilBruneiBulgariaBurkina FasoBurundiCabo VerdeCambodiaCameroonCanadaCentral African RepublicChadChileChinaColombiaComorosCosta RicaCôte d'IvoireCroatiaCubaCyprusCzechiaDemocratic Republic of the CongoDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEswatiniEthiopiaEuro zoneFederated States of MicronesiaFijiFinlandFranceGabonGeorgiaGermanyGhanaGreeceGrenadaGuatemalaGuineaGuinea-BissauGuyanaHaitiHondurasHong KongHungaryIcelandIndiaIndonesiaIranIraqIrelandIsraelItalyJamaicaJapanJordanKazakhstanKenyaKiribatiKuwaitKyrgyzstanLaosLatviaLebanonLesothoLiberiaLibyaLiechtensteinLithuaniaLuxembourgMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMauritaniaMauritiusMexicoMoldovaMonacoMongoliaMontenegroMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew ZealandNicaraguaNigerNigeriaNorth KoreaNorth MacedoniaNorwayOmanPakistanPalauPanamaPapua New GuineaParaguayPeruPhilippinesPolandPortugalQatarRepublic of the CongoRomaniaRussiaRwandaSaint Kitts and NevisSaint LuciaSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth KoreaSouth SudanSpainSri LankaState of PalestineSudanSurinameSwedenSwitzerlandSyriaTaiwanTajikistanTanzaniaThailandThe GambiaTimor-LesteTogoTongaTrinidad and TobagoTunisiaTürkiyeTurkmenistanTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited StatesUruguayUzbekistanVanuatuVenezuelaViet NamYemenZambiaZimbabweCompare Philippines Iceland GouvernementGDP Growth (%) [+]20245.7%-1.2%2024GDP Growth (%) [+]22,143K2025Q3Qu. GDP Per Capita [+]Annual GDP [+]2024€426,611M€30,697M2024Annual GDP [+]Annual GDP [+]2024$461,617M$33,222M2024Annual GDP [+]GDP per capita [+]2024€3,770€79,4002024GDP per capita [+]GDP per capita [+]2024$4,079$86,6642024GDP per capita [+]€8,623M2025Q3Quarterly GDP [+]Debt (M.€.) [+]2024241,57918,0272023Debt (M.€.) [+]Debt ($M) [+]2024261,40219,4982023Debt ($M) [+]Debt (%GDP) [+]202456.63%61.55%2023Debt (%GDP) [+]Debt Per Capita [+]2024€2,135€46,9982023Debt Per Capita [+]Debt Per Capita [+]2024$2,310$50,8332023Debt Per Capita [+]Deficit (M.€) [+]2024-16,135-1,1382024Deficit (M.€) [+]Deficit ($M) [+]2024-17,459-1,2312024Deficit ($M) [+]Deficit (%GDP) [+]2024-3.78%-3.70%2024Deficit (%GDP) [+]Expenditure (M.€) [+]2024106,414.814,456.12024Expenditure (M.€) [+]Expenditure ($M) [+]2024115,146.715,647.02024Expenditure ($M) [+]Education Expenditure (M.€) [+]202416,744.51,978.92023Education Expenditure (M.€) [+]Education Expenditure ($M) [+]202418,118.52,139.42023Education Expenditure ($M) [+]Education Expenditure (%Bud.) [+]202515.20%14.83%2023Education Expenditure (%Bud.) [+]Gov. Health Exp. (M.€) [+]20238,739.62,318,346,769.32024Gov. Health Exp. (M.€) [+]Gov. Health Exp.($M) [+]20239,451.72,289.62023Gov. Health Exp.($M) [+]Gov. Health Exp. (%Bud.) [+]20238.77%16.06%2023Gov. Health Exp. (%Bud.) [+]Defence Expenditure (M.€) [+]20245,649.502019Defence Expenditure (M.€) [+]Defence Expenditure ($M) [+]20246,113.102019Defence Expenditure ($M) [+]Defence Expenditure (%Bud.) [+]20245.44%0%2020Defence Expenditure (%Bud.) [+]Expenditure (%GDP) [+]202424.94%47.10%2024Expenditure (%GDP) [+]Expenditure Per Capita [+]2024€940€37,1202024Expenditure Per Capita [+]Expenditure Per Capita [+]2024$1,017$40,1782024Expenditure Per Capita [+]Education Expenditure P.C [+]2024€148€5,2112023Education Expenditure P.C [+]Education Expenditure P.C [+]2024$160$5,6952023Education Expenditure P.C [+]Gov. Health Exp. P.C. [+]2023€76€6,0442024Gov. Health Exp. P.C. [+]Gov. Health Exp. P.C. [+]2023$82$5,9082023Gov. Health Exp. P.C. [+]Defence Expenditure P.C. [+]2024€50€02019Defence Expenditure P.C. [+]Defence Expenditure P.C. [+]2024$54$02019Defence Expenditure P.C. [+]Moody's Rating [+]08/23/2024Baa2A109/20/2024Moody's Rating [+]S&P Rating [+]11/25/2024BBB+A+11/10/2023S&P Rating [+]Fitch Rating [+]05/07/2020BBBA05/22/2020Fitch Rating [+]Corruption Index [+]202334722023Corruption Index [+]Competitiveness Ranking [+]201964º26º2019Competitiveness Ranking [+]Fragile States Index [+]202475.115.22024Fragile States Index [+]RTI Raking [+]2024135º115º2024RTI Raking [+]Innovation Ranking [+]202453º22º2024Innovation Ranking [+]Labour4.6%November 2025Unemployment Rate [+]Unemployment rate [+]2023Q13.0%3.6%2025Q2Unemployment rate [+]Unemployed [+]2023Q14,418K9K2025Q2Unemployed [+]NMW [+]2024$149.4$3,127.62024NMW [+]NMW [+]2024€135.1€2,830.52024NMW [+]$85,6212024Average Wage [+]€79,1042024Average Wage [+]Human Capital Ranking [+]201750º21º2017Human Capital Ranking [+]MarketsEuro / Philippine Pesos [+]02/16/202668.9683144.970002/13/2026Euro / Icelandic kronas [+]US Dollar exchange rate [+]02/16/202658.0590122.210002/13/2026US Dollar exchange rate [+]Stock ExchangeYTD % [+]02/16/20264.99%4.11%02/13/2026Stock ExchangeYTD % [+]PricesCPI (overall index) [+]December 20251.8%5.2%January 2026CPI (overall index) [+]4.0%December 2025HICP [+]Money MarketKey rates [+]12/12/20254.50%7.25%11/19/2025Key rates [+]BusinessDoing Business [+]202095º26º2020Doing Business [+]Passengers vehicles Year [+]December 2023282,50720,014December 2024Passengers vehicles Year [+]Annual Vehicles/ 1,000 p. [+]December 20233.7447.75December 2022Annual Vehicles/ 1,000 p. [+]Vehicles / 1,000 people [+]202039.54695.182021Vehicles / 1,000 people [+]TaxesTax Revenue (%GDP) [+]202317.9%36.9%2024Tax Revenue (%GDP) [+]Standard VAT [+]01/01/200712.00%24.00%01/01/2015Standard VAT [+]Top tax rate + SSC [+]202035.0%44.4%2022Top tax rate + SSC [+]TradeAnnual arrivals [+]20222,654,000698,0002021Annual arrivals [+]Exports [+]2023€67,999.0M€6,429.3M2025Exports [+]Exports [+]2023$73,527.4M$7,265.0M2025Exports [+]Exports % GDP [+]202316.83%20.86%2024Exports % GDP [+]Imports [+]2023€123,745.4M€9,513.7M2025Imports [+]Imports [+]2023$133,805.9M$10,750.3M2025Imports [+]Imports % GDP [+]202330.62%29.07%2024Imports % GDP [+]Trade balance [+]2023€-55,746.4M€-3,084.4M2025Trade balance [+]Trade balance [+]2023$-60,061.0M$-3,485.3M2025Trade balance [+]Trade balance % GDP [+]2023-13.80%-8.20%2024Trade balance % GDP [+]Socio-DemographyGlobal AgeWatch Ranking [+]201550º7º2015Global AgeWatch Ranking [+]Density [+]202437742024Density [+]Global Peace Ranking [+]2024104º1º2024Global Peace Ranking [+]1.90‰2020Crude divorce rate [+]Remittance received ($M) [+]201732,807.8171.92017Remittance received ($M) [+]% Immigrant [+]20200.21%17.74%2020% Immigrant [+]% Emigrant [+]20205.58%11.73%2020% Emigrant [+]Birth Rate [+]202316.02‰11.20‰2024Birth Rate [+]Remittance sent ($M) [+]2017536.6132.92017Remittance sent ($M) [+]Crude death rate [+]20236.24‰6.80‰2024Crude death rate [+]Fertility Rate [+]20231.921.552023Fertility Rate [+]5.00‰2020Crude marriage rate [+]% risk of poverty [+]202315.5%8.8%2020% risk of poverty [+]Population [+]2024113,170,000389,4442024Population [+]Immigrant stock [+]2020225,52565,4242020Immigrant stock [+]Emigrant stock [+]20206,094,30743,2512020Emigrant stock [+]HDI [+]20220.7100.9592022HDI [+]Gender Gap Ranking [+]202425º1º2024Gender Gap Ranking [+]Life expectancy [+]202369.8382.802024Life expectancy [+]Suicides [+]20153,400482024Suicides [+]Suicide rate [+]20153.3712.332024Suicide rate [+]Number of homicides [+]20234,99552023Number of homicides [+]Rate Homicides per 100.000 [+]20234.351.292023Rate Homicides per 100.000 [+]Energy and EnvironmentCO2 Tons per capita [+]20231.418.792023CO2 Tons per capita [+]Annual crude oil production [+]20241Crude Oil Reserves [+]2021138.5Consumption GWh [+]2023100,82419,2732023Consumption GWh [+]Generation GWh [+]2023111,51719,8162023Generation GWh [+]OthersCOVID-19 - Deaths [+]01/18/202666,86418601/18/2026COVID-19 - Deaths [+]COVID-19 - Confirmed [+]01/18/20264,140,383211,18801/18/2026COVID-19 - Confirmed [+]Fully vaccinated [+]03/19/202378,443,970297,93412/23/2023Fully vaccinated [+]COVID-19 - Deaths per million population [+]01/18/2026590.83477.6001/18/2026COVID-19 - Deaths per million population [+]Doses administered [+]03/19/2023189,317,150903,42412/23/2023Doses administered [+]PhilippinesCountrySubcontinentContinentWorldCapital: ManilaPopulation: 113,170,000Surface Area: 300,000 km2Currency: Philippine Pesos (1 EUR=68.9683 PHP)Religion: Mostly Christianity Belongs to: ACD, ASEAN, IMF, UNIcelandCountrySubcontinentContinentWorldCapital: ReykjavikPopulation: 389,444Surface Area: 103,000 km2Currency: Icelandic kronas (1 EUR=144.9700 ISK)Religion: Mostly Christianity Belongs to: CoE, EEA, EFTA, IMF, NATO, OECD, UN, OSCE Compare Afghanistan Philippines Compare Albania Philippines Compare Algeria Philippines Compare Andorra Philippines Compare Angola Philippines Compare Antigua and Barbuda Philippines Compare Argentina Philippines Compare Armenia Philippines Compare Australia Philippines Compare Austria Philippines Compare Azerbaijan Philippines Compare Bahamas Philippines Compare Bahrain Philippines Compare Bangladesh Philippines Compare Barbados Philippines Compare Belarus Philippines Compare Belgium Philippines Compare Belize Philippines Compare Benin Philippines Compare Bhutan Philippines Compare Bolivia Philippines Compare Bosnia and Herzegovina Philippines Compare Botswana Philippines Compare Brazil Philippines Compare Brunei Philippines Compare Bulgaria Philippines 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