Converter Philippine Peso (exchange rate PHP)

Philippine Peso

• iso 4217: PHP
• Philippines (Asia)

Philippines Balance of Trade

Philippines reported a trade deficit equivalent to 1069 Million USD in March of 2012. Historically, from 2002 until 2012, Philippines Balance of Trade averaged -474.0700 Million USD reaching an all time high of 751.0000 Million USD in September of 2010 and a record low of -1648.0000 Million USD in November of 2011. Philippines is a major exporter of electronic products like processors, chips and hard drives (more than 50% of total exports revenues). Other major exports include apparel and clothing accessories, coconut oil, woodcrafts and furniture. Philippines imports mostly electronic products, mineral fuels, lubricants, transport equipment, industrial machinery and equipment, iron and steel. Main trading partners are Japan, United States, China, South Korea, Singapore and Hong Kong. . This page includes a chart with historical data for Philippines Balance of Trade.

source: The National Statistics Office (NSO)

Philippines Imports

Philippines imports were worth 5371 Million USD in March of 2012. Historically, from 2002 until 2012, Philippines Imports averaged 4132.4800 Million USD reaching an all time high of 5848.0000 Million USD in July of 2008 and a record low of 2226.0000 Million USD in January of 2002. Philippines imports mostly: electronic products, mineral fuels, lubricants, transport equipment, industrial machinery and equipment, iron and steel. Main imports partners are Japan, United States, China, South Korea and Singapore. This page includes a chart with historical data for Philippines Imports.

source: The National Statistics Office (NSO)

Philippines Current Account to GDP

Philippines reported a Current Account surplus of 3.10 percent of the country's Gross Domestic Product in 2011. Historically, from 1980 until 2011, Philippines Current Account to GDP averaged -0.9100 Percent reaching an all time high of 5.8000 Percent in December of 2009 and a record low of -7.7000 Percent in December of 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 includes a chart with historical data for Philippines Current Account to GDP.

source: The Bangko Sentral ng Pilipinas (BSP)

Philippines Government Debt To GDP

Philippines recorded a Government Debt to GDP of 40.50 percent of the country's Gross Domestic Product in 2011. Historically, from 1990 until 2011, Philippines Government Debt To GDP averaged 57.0200 Percent reaching an all time high of 74.9000 Percent in December of 1993 and a record low of 40.5000 Percent in December of 2011. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page includes a chart with historical data for Philippines Government Debt To GDP.

source: International Monetary Fund

Philippines Government Budget

Philippines reported a Government Budget deficit equal to 2.00 percent of the country's Gross Domestic Product in 2011. Historically, from 1988 until 2011, Philippines Government Budget averaged -2.2000 Percent of GDP reaching an all time high of 1.0000 Percent of GDP in December of 1994 and a record low of -5.3000 Percent of GDP in December of 2002. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page includes a chart with historical data for Philippines Government Budget.

source: Department of Finance of the Philippine Republic

Philippines Exports

Philippines exports were worth 4302 Million USD in March of 2012. Historically, from 2002 until 2012, Philippines Exports averaged 3658.0400 Million USD reaching an all time high of 5325.0000 Million USD in September of 2010 and a record low of 2506.0000 Million USD in February of 2009. Philippines is a major exporter of electronic products like processors, chips and hard drives (more than 50% of total exports revenues). Other major exports include apparel and clothing accessories, coconut oil, woodcrafts and furniture. Philippines major exports partners are United States, Singapore, Japan, China and Hong Kong. This page includes a chart with historical data for Philippines Exports.

source: The National Statistics Office (NSO)

Philippines Inflation Rate

The inflation rate in Philippines was recorded at 3.00 percent in April of 2012. Historically, from 1958 until 2012, Philippines Inflation Rate averaged 9.1200 Percent reaching an all time high of 62.8000 Percent in September of 1984 and a record low of -2.1000 Percent in January of 1959. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes a chart with historical data for Philippines Inflation Rate.

source: The National Statistics Office (NSO)

Philippines Unemployment Rate

The unemployment rate in Philippines was last reported at 7.2 percent in January of 2012. Historically, from 1995 until 2012, Philippines Unemployment Rate averaged 9.0800 Percent reaching an all time high of 13.9000 Percent in April of 2002 and a record low of 6.3000 Percent in October of 2007. The unemployment rate can be defined as the number of people actively looking for a job as a percentage of the labour force. This page includes a chart with historical data for Philippines Unemployment Rate.

source: The National Statistics Office (NSO)

Philippines Interest Rate

The benchmark interest rate in Philippines was last reported at 4.00 percent. Historically, from 1985 until 2012, Philippines Interest Rate averaged 10.2800 Percent reaching an all time high of 56.6000 Percent in December of 1990 and a record low of 4.0000 Percent in August of 2009. 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 includes a chart with historical data for Philippines Interest Rate.

source: The Bangko Sentral ng Pilipinas (BSP)

Philippines GDP Growth Rate

The Gross Domestic Product (GDP) in Philippines expanded 0.90 percent in the fourth quarter of 2011 over the previous quarter. Historically, from 1998 until 2011, Philippines GDP Growth Rate averaged 1.0500 Percent reaching an all time high of 4.1000 Percent in March of 2010 and a record low of -2.1000 Percent in March of 2009. The Gross Domestic Product (GDP) growth rate provides an aggregated measure of changes in value of the goods and services produced by an economy. Philippines is a newly industrialized country in the Southeastern Asia. The nation's most important industries are food processing, textiles and garments, electronics and automobile parts. Philippines also has significant reserves of chromite, nickel, copper, coal and recently discovered oil. In addition, the Philippians economy relies on remittances as a source of foreign currency. This page includes a chart with historical data for Philippines GDP Growth Rate.

source: The National Statistical Coordination Board

Philippines GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Philippines expanded 3.70 percent in the fourth quarter of 2011 over the same quarter of the previous year. Historically, from 2001 until 2011, Philippines GDP Annual Growth Rate averaged 4.6500 Percent reaching an all time high of 8.9000 Percent in June of 2010 and a record low of 0.5000 Percent in September of 2009. The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment. This page includes a chart with historical data for Philippines GDP Annual Growth Rate.

source: The National Statistical Coordination Board

Philippines Consumer Confidence

In Philippines, consumer confidence improved to -14.7 in the first quarter of 2012 from -20.6 in the fourth quarter of 2011. Historically, from 2007 until 2012, Philippines Consumer Confidence averaged -28.2500 reaching an all time high of -8.5000 in December of 2010 and a record low of -52.8000 in September of 2008. In Philippines, the Consumer Expectations Survey captures the economic outlook of consumers as an indication of the country's future economic conditions. The CES samples were drawn from the National Statistics Office’s (NSO) Master Sample List of Households, which is considered a representative sample of households nationwide. This page includes a chart with historical data for Philippines Consumer Confidence.

source: The Bangko Sentral ng Pilipinas (BSP)

Philippines Business Confidence

In Philippines, business confidence improved to 40.5 in the first quarter of 2012 from 38.7 in the fourth quarter of 2011. Historically, from 2001 until 2012, Philippines Business Confidence averaged 20.6300 reaching an all time high of 50.6000 in December of 2010 and a record low of -32.6000 in December of 2001. The Business Expectations Survey (BES) is a quarterly survey of leading firms drawn from the Securities and Exchange Commission’s Top 7000 Corporations. Results of the BES provide advance indication of the direction of the change in the overall business activity in the economy and in the various measures of companies’ operations as well as in selected economic indicators. The CI is computed as the percentage of firms that answered in the affirmative less the percentage of firms that answered in the negative with respect to their views on a given indicator. A positive CI indicates a favorable view, except for the inflation rate and the peso-borrowing rate, where a positive CI indicates the opposite. This page includes a chart with historical data for Philippines Business Confidence.

source: The Bangko Sentral ng Pilipinas (BSP)

Philippines Current Account

Philippines reported a current account surplus equivalent to 836 Million USD in December of 2011. Historically, from 1999 until 2011, Philippines Current Account averaged 233.1200 Million USD reaching an all time high of 1654.0000 Million USD in September of 2010 and a record low of -819.0000 Million USD in April of 2001. 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 includes a chart with historical data for Philippines Current Account.

source: The Bangko Sentral ng Pilipinas (BSP)

Philippines GDP per capita

The Gross Domestic Product per capita in Philippines was last reported at 1383.40 US dollars in 2010, according to a report published by the World Bank. The GDP per Capita in Philippines is equivalent to 11 percent of the world's average. Historically, from 1960 until 2010, Philippines GDP per capita averaged 909.5100 USD reaching an all time high of 1383.4000 USD in December of 2010 and a record low of 611.9300 USD in December of 1960. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page includes a chart with historical data for Philippines GDP per capita.

source: World Bank

Philippines GDP per capita PPP

The Gross Domestic Product per capita in Philippines was last reported at 3969.26 US dollars in 2010, when adjusted by purchasing power parity (PPP), according to a report published by the World Bank. The GDP per Capita, in Philippines, when adjusted by Purchasing Power Parity is equivalent to 18 percent of the world's average. Historically, from 1980 until 2010, Philippines GDP per capita PPP averaged 2180.7400 USD reaching an all time high of 3969.2600 USD in December of 2010 and a record low of 1250.4100 USD in December of 1980. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page includes a chart with historical data for Philippines GDP per capita PPP.

source: World Bank

Philippines Population

Historically, from 1960 until 2010, Philippines Population averaged 56.9800 Million reaching an all time high of 94.6000 Million in December of 2010 and a record low of 27.0600 Million in December of 1960. The total population in Philippines was last reported at 94.6 million people in 2010 from 27.1 million in 1960, changing 250 percent during the last 50 years. Philippines has 1.37 percent of the world´s total population which means that one person in every 73 people on the planet is a resident of Philippines. This page includes a chart with historical data for Philippines's Total Population. This page includes a chart with historical data for Philippines Population.

source: World Bank

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27 May 2012 ► Converter Philippine Peso ► Free online currency conversion based on exchange rates. Currency converter