Philippines Philippines

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Philippines, is a country located at South-Eastern Asia, it has an area of 300,000 Km2.

Philippines, with a population of 111,570,000 people, it is ranked at 12º position by population of 196 countries and it has a high population density, with 372 people per km2.

It's capital is Manila and its currency is Philippine Pesos

Philippines is holding the 39 position by nominal GDP. Its national debt in 2022 was 220,618 millions of euros (232,505 millions of dollars), ( 57.51% debt-to-GDP ratio) and its public debt per capita is €1,977 euros per inhabitant$2,084 dollars per inhabitant.

The last annual rate of CPI published in Philippines was on November of 2023 and it was 4.1%.

In terms of the human development index (HDI) of Philippines, which is the index used by the United Nations to measure the progress of a country, was 0.699 points in 2021, leaving it in 116th place in the table of 191 countries published.

If the reason to visit Philippines are business, you must know it's in the 95th of the Doing Business ranking , which provides objective measures of business regulations for local firms.

In the tables at the bottom of the page, you can see more information about the economy and demography of Philippines, if you want to see information about other countries click here

Manila: Monthly Temp.
Manila: Monthly Rainfall
Philippines Economy
Gouvernement
Annual GDP [+]2022€383,616M
Annual GDP [+]2022$404,284M
GDP per capita [+]2022€3,438
GDP per capita [+]2022$3,624
Debt (M.€.) [+]2022220,618
Debt ($M) [+]2022232,505
Debt (%GDP) [+]202257.51%
Debt Per Capita [+]2022€1,977
Debt Per Capita [+]2022$2,084
Deficit (M.€) [+]2022-21,010
Deficit ($M) [+]2022-22,142
Deficit (%GDP) [+]2022-5.48%
Expenditure (M.€) [+]202299,322.1
Expenditure ($M) [+]2022104,673.4
Education Expenditure (M.€) [+]202012,298.4
Education Expenditure ($M) [+]202014,035.9
Education Expenditure (%Bud.) [+]202014.23%
Gov. Health Exp. (M.€) [+]20174,127.2
Gov. Health Exp.($M) [+]20174,660.7
Gov. Health Exp. (%Bud.) [+]20177.13%
Defence Expenditure (M.€) [+]20223,821.9
Defence Expenditure ($M) [+]20224,027.9
Defence Expenditure (%Bud.) [+]20223.86%
Expenditure (%GDP) [+]202225.89%
Expenditure Per Capita [+]2022€890
Expenditure Per Capita [+]2022$938
Education Expenditure P.C [+]2020€113
Education Expenditure P.C [+]2020$129
Gov. Health Exp. P.C. [+]2017€38
Gov. Health Exp. P.C. [+]2017$42
Defence Expenditure P.C. [+]2022€34
Defence Expenditure P.C. [+]2022$36
Moody's Rating [+]09/15/2022Baa2
S&P Rating [+]04/30/2019BBB+
Fitch Rating [+]05/07/2020BBB
Corruption Index [+]202233
Competitiveness Ranking [+]201964º
Fragile States Index [+]201885.5
RTI Raking [+]2022131º
Innovation Ranking [+]201873º
Labour
Unemployment rate [+]2022Q42.4%
Unemployed [+]2022Q41,159K
NMW [+]2022$148.0
NMW [+]2022€140.2
Human Capital Ranking [+]201750º
Markets
Euro / Philippine Pesos [+]04/23/202461.2639
US Dollar exchange rate [+]04/23/202457.5140
Stock ExchangeYTD % [+]04/23/20240.88%
Prices
CPI (overall index) [+]November 20234.1%
Money Market
Key rates [+]10/27/20236.50%
Business
Doing Business [+]202095º
Passengers vehicles Year [+]December 2022226,403
Annual Vehicles/ 1,000 p. [+]December 20223.22
Vehicles / 1,000 people [+]202039.69
Taxes
Tax Revenue (%GDP) [+]202118.1%
Standard VAT [+]01/01/200712.00%
Top tax rate + SSC [+]202035.0%
Trade
Annual arrivals [+]20198,260,913
Exports [+]2021€63,083.7M
Exports [+]2021$74,609.0M
Exports % GDP [+]202118.95%
Imports [+]2021€104,747.0M
Imports [+]2021$123,884.3M
Imports % GDP [+]202131.46%
Trade balance [+]2021€-41,663.4M
Trade balance [+]2021$-49,275.3M
Trade balance % GDP [+]2021-12.51%
Socio-Demography
Global AgeWatch Ranking [+]201550º
Density [+]2022372
Global Peace Ranking [+]2023115º
Remittance received ($M) [+]201732,807.8
% Immigrant [+]20200.21%
% Emigrant [+]20205.60%
Birth Rate [+]202121.81‰
Remittance sent ($M) [+]2017536.6
Crude death rate [+]20217.31‰
Fertility Rate [+]20212.75
% risk of poverty [+]202118.1%
Population [+]2022111,570,000
Immigrant stock [+]2020225,525
Emigrant stock [+]20206,094,307
HDI [+]20210.699
Gender Gap Ranking [+]202316º
Life expectancy [+]202169.27
Suicides [+]20153,400
Suicide rate [+]20153.37
Number of homicides [+]20194,764
Rate Homicides per 100.000 [+]20194.32
Energy and Environment
CO2 Tons per capita [+]20221.38
Annual crude oil production [+]20231
Crude Oil Reserves [+]2021138.5
Consumption GWh [+]2022102,834
Generation GWh [+]2022113,007
Others
COVID-19 - Deaths [+]04/07/202466,864
COVID-19 - Confirmed [+]04/07/20244,140,383
Fully vaccinated [+]03/19/202378,443,972
COVID-19 - Deaths per million population [+]04/07/2024599.30
Doses administered [+]03/19/2023189,317,158