Philippines recorded 1842 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Philippines reported 704 Coronavirus Deaths. This page includes a chart with historical data for Philippines Coronavirus Recovered.

Philippines recorded a trade deficit of 2380460 USD Thousand in March of 2020. Balance of Trade in Philippines averaged -425017.26 USD Thousand from 1957 until 2020, reaching an all time high of 1144700 USD Thousand in September of 1999 and a record low of -4415446.66 USD Thousand in October of 2018. Philippines has been running annual trade deficits due to high imports of raw materials and intermediate goods. In 2013, the biggest trade deficits were recorded with: Taiwan, Saudi Arabia, Thailand and South Korea while the biggest trade surpluses with: Japan, Hong Kong and the United States. This page provides the latest reported value for - Philippines Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Social Security Rate For Companies in Philippines stands at 7.67 percent. Social Security Rate For Companies in Philippines averaged 7.41 percent from 2006 until 2018, reaching an all time high of 7.67 percent in 2014 and a record low of 6.24 percent in 2006. In Philippines, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Philippines because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Philippines Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The total population in Philippines was estimated at 108.8 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Philippines had a population of 26.3 million people. The population of Philippines represents 1.37 percent of the world´s total population which arguably means that one person in every 74 people on the planet is a resident of Philippines. This page provides - Philippines Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Philippines is ranked 95 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Philippines improved to 95 in 2019 from 124 in 2018. Ease of Doing Business in Philippines averaged 118.58 from 2008 until 2019, reaching an all time high of 144 in 2009 and a record low of 95 in 2019. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Philippines.

Consumer Spending in Philippines increased to 3314513.21 PHP Million in the first quarter of 2020 from 1888717.55 PHP Million in the fourth quarter of 2019. Consumer Spending in Philippines averaged 776380.63 PHP Million from 1981 until 2020, reaching an all time high of 3314513.21 PHP Million in the first quarter of 2020 and a record low of 305524.42 PHP Million in the first quarter of 1981. This page provides - Philippines Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Spending in Philippines increased to 563543.97 PHP Million in the first quarter of 2020 from 280571.37 PHP Million in the fourth quarter of 2019. Government Spending in Philippines averaged 124248.91 PHP Million from 1981 until 2020, reaching an all time high of 563543.97 PHP Million in the first quarter of 2020 and a record low of 62728.31 PHP Million in the first quarter of 1986. Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides - Philippines Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourist Arrivals in Philippines increased to 776798 in December from 684063 in November of 2019. Tourist Arrivals in Philippines averaged 271788.28 from 1991 until 2019, reaching an all time high of 776798 in December of 2019 and a record low of 63628 in February of 1991. This page provides - Philippines Tourist Arrivals - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The PSEi fell 31 points, or 0.6% to 5,622 on Friday, reversing from a 0.3% gain in the previous session, amid growing concerns over a further contraction in the second quarter of the year after the Philippine economy shrank by 0.2% in the first quarter, the worst in 22 years. On Thursday, the global rating agency Fitch revised the revised Philippines credit outlook to 'stable' from 'positive' and affirmed its debt grade at BBB. Meanwhile, signs of easing tensions between the US and China helped to curb losses. Declines were led by property stocks (-1.2%), financials (-1.1%), and services (-0.2%); while a rise in oil prices helped mining and oil stocks to rise by 0.2%. For the week, the PSEi lost 1.4%. Historically, the Philippines Stock Market (PSEi) reached an all time high of 9078.37 in January of 2018. The Philippine Stock Exchange Composite Index (PSEi) is a major stock market index which tracks the performance of the most representative companies listed on The Philippine Stock Exchange. It is a free-float, capitalization-weighted index. The PSEi has a base value of 2922.21 as of September 30, 1994.

Leading Economic Index Philippines increased 0.04 percent in March of 2014 over the same month in the previous year. Leading Economic Index in Philippines averaged -0.02 percent from 1983 until 2014, reaching an all time high of 0.64 percent in the first quarter of 2008 and a record low of -0.63 percent in the third quarter of 2009. In Philippines, the Composite Leading Economic Index serve as basis for short-term forecasting of the macroeconomic activity in the country, based on an empirical observation of cycles of many economic data series related to the cycles of total business activity. The composite computation uses reference series from 11 leading economic indicators: consumer price index, electric energy consumption, exchange rate, hotel occupancy rate, money supply, number of new business incorporations, stock price index, terms of trade index, total merchandise imports, visitor arrivals, and wholesale price index. This page provides - Philippines Leading Composite Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Labor Force Participation Rate in Philippines increased to 61.71 percent in the first quarter of 2020 from 61.47 percent in the fourth quarter of 2019. Labor Force Participation Rate in Philippines averaged 65.01 percent from 1990 until 2020, reaching an all time high of 71.50 percent in the second quarter of 1990 and a record low of 60.10 percent in the third quarter of 2018. The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population. This page provides - Philippines Labor Force Participation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Exchange Reserves in Philippines increased to 88995.87 USD Million in March from 88186.97 USD Million in February of 2020. Foreign Exchange Reserves in Philippines averaged 17683.48 USD Million from 1960 until 2020, reaching an all time high of 88995.87 USD Million in March of 2020 and a record low of 44.07 USD Million in December of 1961. In Philippines, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans. This page provides - Philippines Foreign Exchange Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Deposit Interest Rate in Philippines decreased to 2.25 percent in April from 2.75 percent in March of 2020. Deposit Interest Rate in Philippines averaged 3.10 percent from 2016 until 2020, reaching an all time high of 4.25 percent in October of 2018 and a record low of 2.25 percent in April of 2020. In Philippines, the standing overnight deposit facility will absorb any residual system liquidity to prevent market interest rates from falling below the corridor. Interest rate for the O/N deposit facility is the RRP rate minus 50 bps (0.50 percentage point). The interest rate for the O/N deposit facility serves as a floor for the O/N interbank rate. This page includes a chart with historical data for Deposit Interest Rate in Philippines.

The Sales Tax Rate in Philippines stands at 12 percent. Sales Tax Rate in Philippines averaged 11.87 percent from 2006 until 2020, reaching an all time high of 12 percent in 2007 and a record low of 10 percent in 2006. In Philippines, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Philippines. This page provides - Philippines Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Social Security Rate in Philippines stands at 11.36 percent. Social Security Rate in Philippines averaged 10.91 percent from 2006 until 2018, reaching an all time high of 11.36 percent in 2014 and a record low of 9.63 percent in 2006. In Philippines, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Philippines because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Philippines Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Philippines recorded a Current Account surplus of 1217.66 USD Million in December of 2019. Current Account in Philippines averaged 50.28 USD Million from 1980 until 2019, reaching an all time high of 1810.97 USD Million in June of 2014 and a record low of -1409.65 USD Million in October of 2018. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Philippines Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Lending Rate in Philippines decreased to 3.25 percent in April from 3.75 percent in March of 2020. Lending Rate in Philippines averaged 9.99 percent from 1986 until 2020, reaching an all time high of 45 percent in August of 1993 and a record low of 3.25 percent in April of 2020. In Philippines, the standing overnight lending facility provides collateralized overnight funding to BSP counterparties to clear end-of-day imbalances. Interest rate for the O/N lending facility is the RRP rate plus 50 bps (0.50 percentage point). The interest rate for the O/N lending facility serves as a ceiling for the O/N interbank rate. This page provides - Philippines Overnight Lending Facility Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Philippines decreased to 206835 PHP Million in February from 294638 PHP Million in January of 2020. Government Revenues in Philippines averaged 45749.66 PHP Million from 1959 until 2020, reaching an all time high of 317236 PHP Million in May of 2019 and a record low of 81 PHP Million in November of 1959. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. This page provides - Philippines Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross Fixed Capital Formation in Philippines increased to 1072932.66 PHP Million in the first quarter of 2020 from 762295.69 PHP Million in the fourth quarter of 2019. Gross Fixed Capital Formation in Philippines averaged 339434.32 PHP Million from 1998 until 2020, reaching an all time high of 1072932.66 PHP Million in the first quarter of 2020 and a record low of 163357.69 PHP Million in the third quarter of 1999. This page provides - Philippines Gross Fixed Capital Formation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Direct Investment in Philippines increased by 1153 USD Million in December of 2019. Foreign Direct Investment in Philippines averaged 379.06 USD Million from 2005 until 2019, reaching an all time high of 2256 USD Million in April of 2016 and a record low of -396 USD Million in June of 2007. This page provides - Philippines Foreign Direct Investment- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gasoline Prices in Philippines decreased to 0.75 USD/Liter in April from 0.82 USD/Liter in March of 2020. Gasoline Prices in Philippines averaged 0.94 USD/Liter from 1990 until 2020, reaching an all time high of 1.29 USD/Liter in March of 2013 and a record low of 0.34 USD/Liter in December of 1995. This page provides the latest reported value for - Philippines Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Philippines recorded a Current Account surplus of 2.20 percent of the country's Gross Domestic Product in 2019. Current Account to GDP in Philippines averaged -0.39 percent from 1980 until 2019, reaching an all time high of 5.80 percent in 2009 and a record low of -7.70 percent in 1980. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Philippines Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Retail Sales in Philippines increased 1.10 percent in March of 2020 over the same month in the previous year. Retail Sales Yoy in Philippines averaged 7.29 percent from 1980 until 2020, reaching an all time high of 79.50 percent in September of 1984 and a record low of -3.13 percent in November of 1999. In Philippines, the year-over-year change in the General Retail Price Index (GRPI) in the National Capital Region (NCR) compares the changes in prices retailers charge to consumers during a certain month. This page provides the latest reported value for - Philippines Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Fiscal Expenditure in Philippines decreased to 244430 PHP Million in February from 271593 PHP Million in January of 2020. Fiscal Expenditure in Philippines averaged 52255.88 PHP Million from 1959 until 2020, reaching an all time high of 494389 PHP Million in December of 2019 and a record low of 107 PHP Million in April of 1959. Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits. Fiscal expenditure are part of government budget balance calculation. This page provides - Philippines Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Retail Sales in Philippines increased 0.10 percent in January of 2020 over the previous month. Retail Sales Mom in Philippines averaged 0.58 percent from 1979 until 2020, reaching an all time high of 14.43 percent in November of 1983 and a record low of -2.51 percent in December of 1998. This page provides - Philippines Retail Sales MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Remittances in Philippines decreased to 2648018.90 USD Thousand in January from 2902000 USD Thousand in December of 2019. Remittances in Philippines averaged 1061012.54 USD Thousand from 1989 until 2020, reaching an all time high of 2902000 USD Thousand in December of 2019 and a record low of 64208 USD Thousand in February of 1989. In the Philippines, Remittances refers to inflows of migrants’ and short-term employee income transfers (personal remittances). This page provides - Philippines Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports from Philippines in China decreased to 1234800 USD THO in April from 1594400 USD THO in March of 2020. Imports from Philippines in China averaged 1644355.11 USD THO from 2014 until 2020, reaching an all time high of 2408300 USD THO in February of 2020 and a record low of 1047660 USD THO in February of 2016. This page includes a chart with historical data for China Imports From Philippines.

Exports to Philippines in China decreased to 2078900 USD THO in April from 3139500 USD THO in March of 2020. Exports to Philippines in China averaged 2660896.66 USD THO from 2014 until 2020, reaching an all time high of 5189900 USD THO in February of 2020 and a record low of 996445 USD THO in February of 2014. This page includes a chart with historical data for China Exports To Philippines.

Exports of Shipping in China increased to 1354100 USD THO in April from 982400 USD THO in March of 2020. Exports of Shipping in China averaged 1824003.04 USD THO from 2014 until 2020, reaching an all time high of 3691200 USD THO in January of 2017 and a record low of 900230 USD THO in August of 2016. This page includes a chart with historical data for China Exports of Shipping.

Imports of Cutting, Shaping & Finishing of Stone in Italy increased to 7.87 EUR Million in January from 6.86 EUR Million in December of 2019. Imports of Cutting, Shaping & Finishing of Stone in Italy averaged 7.22 EUR Million from 1991 until 2020, reaching an all time high of 15.40 EUR Million in May of 2011 and a record low of 0.80 EUR Million in August of 1993. This page includes a chart with historical data for Italy Imports of Cutting, Shaping & Finishing of Stone.

Exports to The Philippines in New Zealand increased to 77.20 NZD Million in March from 66.62 NZD Million in February of 2020. Exports to The Philippines in New Zealand averaged 61.16 NZD Million from 2014 until 2020, reaching an all time high of 102.32 NZD Million in July of 2018 and a record low of 29.57 NZD Million in August of 2017. This page includes a chart with historical data for New Zealand Exports to The Philippines.

Central Bank Balance Sheet in Philippines increased to 4996.74 PHP Billion in November from 4995.18 PHP Billion in October of 2019. Central Bank Balance Sheet in Philippines averaged 3863.58 PHP Billion from 1993 until 2019, reaching an all time high of 5191.86 PHP Billion in May of 2019 and a record low of 479.78 PHP Billion in December of 1994. This page provides - Philippines Central Bank Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The stocks of goods held by firms in Philippines decreased by 138085.89 PHP Million in the first quarter of 2020. Changes in Inventories in Philippines averaged -3072.74 PHP Million from 1998 until 2020, reaching an all time high of 92123.96 PHP Million in the fourth quarter of 2010 and a record low of -138085.89 PHP Million in the first quarter of 2020. In Philippines, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Philippines Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Philippines up to One Day Interbank Rate increased to 2.44 percent on Friday May 8 from 0 percent in the previous day. Interbank Rate in Philippines averaged 8.21 percent from 1990 until 2020, reaching an all time high of 102.63 percent in October of 1997 and a record low of 0 percent in March of 2017. In Philippines, the interbank rate is the rate of interest charged on short-term loans made between banks. This page provides - Philippines up to One Day Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in Philippines decreased 0.90 percent in September of 2019 over the same month in the previous year. Food Inflation in Philippines averaged 4.85 percent from 1995 until 2019, reaching an all time high of 17.30 percent in July of 2008 and a record low of -0.90 percent in September of 2019. This page provides the latest reported value for - Philippines Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Philippine central bank unexpectedly lowered its benchmark interest rate by 50 basis points to 2.75 percent on 16th April 2020, ahead of a 21st May policy meeting, as policymakers tried to support the economy battling with the COVID-19 outbreak. The bank said that the reduction will be the latest rate adjustment for this year. Interest Rate in Philippines averaged 7.75 percent from 1985 until 2020, reaching an all time high of 31 percent in January of 1985 and a record low of 2.75 percent in April of 2020. In Philippines, interest rate decisions are taken by The Monetary Board of The Bangko Sentral ng Pilipinas (BSP). The official interest rate is the reverse repo rate (RR/P) which is the overnight borrowing rate. The central bank of the Republic of the Philippines is committed to promote and maintain price stability and provide proactive leadership in bringing about a strong financial system conducive to a balanced and sustainable growth of the economy. This page provides the latest reported value for - Philippines Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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