ASIA & MIDDLE EAST · COUNTRY REFERENCE
Philippines
Written and compiled by American Business Capital Group Inc.
Selected country or entityMap: Natural Earth ↗
ANNUAL ECONOMIC SNAPSHOT
Population & economic scale
The most recent non-empty observations returned by the World Bank when this snapshot was collected. Read the year on each card: these are annual statistics, not live measurements.
World Bank reporting entity: Philippines · 3 of 3 indicators available.
Population
116,786,962
people
observation
Definition, value & source
Total population is based on the de facto definition of population, which counts all residents regardless of legal status or citizenship. The values shown are midyear estimates.
Received value: 116786962 people. The main card rounds for readability.
- Collected
- Oct 7, 2026
- Dataset update reported by API
- Jul 13, 2026; separate from the observation year
World Bank indicator ↗ · API record ↗
World Bank, World Development Indicators. CC BY 4.0. Underlying sources: World Population Prospects, United Nations (UN), uri: https://population.un.org/wpp/, publisher: UN Population Division; Statistical databases and publications from national statistical offices, National Statistical Offices (NSOs), uri: https://unstats.un.org/home/nso_sites/, publisher: National Statistical Offices; Eurostat: Demographic Statistics, Eurostat (ESTAT), uri: https://ec.europa.eu/eurostat/data/database?node_code=earn_ses_monthly, publisher: Eurostat; Population and Vital Statistics Report (various years), United Nations (UN), uri: https://unstats.un.org, publisher: UN Statistics Division
GDP
$487.09 billion
current US$
observation
Definition, value & source
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Received value: 487086123720.417 current US$. The main card rounds for readability.
- Collected
- Oct 7, 2026
- Dataset update reported by API
- Jul 13, 2026; separate from the observation year
World Bank indicator ↗ · API record ↗
World Bank, World Development Indicators. CC BY 4.0. Underlying sources: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB)
GDP per capita
$4,171
current US$ per person
observation
Definition, value & source
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Received value: 4170.72347271451 current US$ per person. The main card rounds for readability.
- Collected
- Oct 7, 2026
- Dataset update reported by API
- Jul 13, 2026; separate from the observation year
World Bank indicator ↗ · API record ↗
World Bank, World Development Indicators. CC BY 4.0. Underlying sources: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB)
GDP and GDP per capita use current US dollars, without an inflation or purchasing-power-parity adjustment. Source years can differ. Missing data is not zero; earlier archive figures below are retained as a separate historical reference.
THE REFERENCE FILE
Philippines at a glance
These are historical reference facts from the 2025 World Factbook archive. Each estimate keeps its own period; an archive edition does not make every figure a measurement from that year.
Population
total: 118,277,063 (2024 est.) male: 59,227,092 female: 59,049,971
Real GDP (purchasing power parity)
$1.202 trillion (2024 est.) $1.137 trillion (2023 est.) $1.078 trillion (2022 est.) note: data in 2021 dollars
GDP (official exchange rate)
$461.618 billion (2024 est.) note: data in current dollars at official exchange rate
Real GDP growth rate
5.7% (2024 est.) 5.5% (2023 est.) 7.6% (2022 est.) note: annual GDP % growth based on constant local currency
Real GDP per capita
$10,400 (2024 est.) $9,900 (2023 est.) $9,500 (2022 est.) note: data in 2021 dollars
Inflation rate (consumer prices)
3.2% (2024 est.) 6% (2023 est.) 5.8% (2022 est.) note: annual % change based on consumer prices
Unemployment rate
2.2% (2024 est.) 2.3% (2023 est.) 2.6% (2022 est.) note: % of labor force seeking employment
Labor force
50.979 million (2024 est.) note: number of people ages 15 or older who are employed or seeking work
Public debt
39.9% of GDP (2017 est.) note: central government debt as a % of GDP
Budget
revenues: $65.069 billion (2022 est.) expenditures: $93.871 billion (2022 est.) note: central government revenues and expenditures (excluding grants and social security funds) converted to US dollars at average official exchange rate for year indicated
Current account balance
-$17.514 billion (2024 est.) -$12.387 billion (2023 est.) -$18.261 billion (2022 est.) note: balance of payments - net trade and primary/secondary income in current dollars
Exports
$106.99 billion (2024 est.) $103.588 billion (2023 est.) $98.832 billion (2022 est.) note: balance of payments - exports of goods and services in current dollars
Imports
$161.154 billion (2024 est.) $151.441 billion (2023 est.) $152.638 billion (2022 est.) note: balance of payments - imports of goods and services in current dollars
Reserves of foreign exchange and gold
$106.195 billion (2024 est.) $103.742 billion (2023 est.) $96.04 billion (2022 est.) note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Debt - external
$63.241 billion (2023 est.) note: present value of external debt in current US dollars
Electricity access
electrification - total population: 94.8% (2022 est.) electrification - urban areas: 98% electrification - rural areas: 91.1%
Internet users
percent of population: 84% (2023 est.)
THE HISTORICAL REFERENCE LIBRARY
Explore the country in detail
Browse the economy, population, resources and infrastructure. These archived descriptions keep their original wording and dates; they have not been updated to describe current conditions.
32 of 32 sections
Location
Southeastern Asia, archipelago between the Philippine Sea and the South China Sea, east of Vietnam
archive edition 2025 · Archive source ↗
Capital
name: Manila geographic coordinates: 14 36 N, 120 58 E time difference: UTC+8 (13 hours ahead of Washington, DC, during Standard Time) etymology: derives from the Tagalog word may , meaning "there is," and nila , the local name for a shrub in the indigo family
archive edition 2025 · Archive source ↗
Economic overview
growing Southeast Asian economy; commercial rebound led by transportation, construction and financial services; electronics exports recovering from sector slowdown; significant remittances; interest rate rises following heightened inflation; uncertainties due to increased regional tensions with China
archive edition 2025 · Archive source ↗
Natural resources
timber, petroleum, nickel, cobalt, silver, gold, salt, copper
archive edition 2025 · Archive source ↗
Agricultural products
sugarcane, rice, coconuts, maize, bananas, vegetables, tropical fruits, plantains, pineapples, cassava (2023) note: top ten agricultural products based on tonnage
2023 source periods; archive edition 2025 · Archive source ↗
Industries
semiconductors and electronics assembly, business process outsourcing, food and beverage manufacturing, construction, electric/gas/water supply, chemical products, radio/television/communications equipment and apparatus, petroleum and fuel, textile and garments, non-metallic minerals, basic metal industries, transport equipment
archive edition 2025 · Archive source ↗
Exports - partners
China 19%, USA 13%, Hong Kong 12%, Japan 11%, Germany 5% (2023) note: top five export partners based on percentage share of exports
2023 source periods; archive edition 2025 · Archive source ↗
Exports - commodities
integrated circuits, machine parts, gold, insulated wire, semiconductors (2023) note: top five export commodities based on value in dollars
2023 source periods; archive edition 2025 · Archive source ↗
Imports - partners
China 25%, Indonesia 8%, Japan 8%, S. Korea 6%, USA 6% (2023) note: top five import partners based on percentage share of imports
2023 source periods; archive edition 2025 · Archive source ↗
Imports - commodities
integrated circuits, refined petroleum, cars, crude petroleum, coal (2023) note: top five import commodities based on value in dollars
2023 source periods; archive edition 2025 · Archive source ↗
Climate
tropical marine; northeast monsoon (November to April); southwest monsoon (May to October)
archive edition 2025 · Archive source ↗
Terrain
mostly mountains with narrow to extensive coastal lowlands
archive edition 2025 · Archive source ↗
Land use
agricultural land: 42.7% (2023 est.) arable land: 18.7% (2023 est.) permanent crops: 18.9% (2023 est.) permanent pasture: 5% (2023 est.) forest: 24.7% (2023 est.) other: 32.7% (2023 est.)
2023 dates in source text; archive edition 2025 · Archive source ↗
Natural hazards
astride typhoon belt, usually affected by several cyclonic storms each year; landslides; active volcanoes; destructive earthquakes; tsunamis volcanism: significant volcanic activity; Taal (311 m) has been deemed a Decade Volcano by the International Association of Volcanology and Chemistry of the Earth's Interior, worthy of study due to its explosive history and close proximity to human populations; Mayon (2,462 m), the country's most active volcano, erupted in 2009 and forced over 33,000 to be evacuated; other historically active volcanoes include Biliran, Babuyan Claro, Bulusan, Camiguin, Camiguin de Babuyanes, Didicas, Iraya, Jolo, Kanlaon, Makaturing, Musuan, Parker, Pinatubo, and Ragang; see note 2 under "Geography - note"
2009 dates in source text; archive edition 2025 · Archive source ↗
Languages
Tagalog 39.9%, Bisaya/Binisaya 16%, Hiligaynon/Ilonggo 7.3%, Ilocano 7.1%, Cebuano 6.5%, Bikol/Bicol 3.9%, Waray 2.6%, Kapampangan 2.4%, Maguindanao 1.4%, Pangasinan/Panggalato 1.3%, other languages/dialects 11.2%, unspecified 0.4% (2020 est.) major-language sample(s): Ang World Factbook, ang mapagkukunan ng kailangang impormasyon. (Tagalog) The World Factbook, the indispensable source for basic information. note: data represent percentage of households; unspecified Filipino (based on Tagalog) and English are official languagesTaga; eight major dialects - Tagalog, Cebuano, Ilocano, Hiligaynon or Ilonggo, Bicol, Waray, Pampango, and Pangasinan
2020 dates in source text; archive edition 2025 · Archive source ↗
Religions
Roman Catholic 78.8%, Muslim 6.4%, Iglesia ni Cristo 2.6%, other Christian 3.9%, other 8.2%, none/unspecified 0.1 (2020 est.)
2020 dates in source text; archive edition 2025 · Archive source ↗
Age structure
0-14 years: 30.2% (male 18,234,279/female 17,462,803) 15-64 years: 64.3% (male 38,381,583/female 37,613,294) 65 years and over: 5.6% (2024 est.) (male 2,611,230/female 3,973,874)
2024 dates in source text; archive edition 2025 · Archive source ↗
Urbanization
urban population: 48.3% of total population (2023) rate of urbanization: 2.04% annual rate of change (2020-25 est.)
2023, 2020 dates in source text; archive edition 2025 · Archive source ↗
Life expectancy at birth
total population: 70.8 years (2024 est.) male: 67.3 years female: 74.5 years
2024 dates in source text; archive edition 2025 · Archive source ↗
Literacy
total population: 98.5% (2020 est.) male: 98.4% (2020 est.) female: 97% (2022 est.)
2020, 2022 dates in source text; archive edition 2025 · Archive source ↗
Electricity
installed generating capacity: 29.174 million kW (2023 est.) consumption: 100.824 billion kWh (2023 est.) transmission/distribution losses: 10.693 billion kWh (2023 est.)
2023 dates in source text; archive edition 2025 · Archive source ↗
Electricity generation sources
fossil fuels: 77.9% of total installed capacity (2023 est.) solar: 1.6% of total installed capacity (2023 est.) wind: 0.9% of total installed capacity (2023 est.) hydroelectricity: 9% of total installed capacity (2023 est.) geothermal: 9.3% of total installed capacity (2023 est.) biomass and waste: 1.2% of total installed capacity (2023 est.)
2023 dates in source text; archive edition 2025 · Archive source ↗
Petroleum
total petroleum production: 10,000 bbl/day (2023 est.) refined petroleum consumption: 457,000 bbl/day (2023 est.) crude oil estimated reserves: 138.5 million barrels (2021 est.)
2023, 2021 dates in source text; archive edition 2025 · Archive source ↗
Natural gas
production: 2.325 billion cubic meters (2023 est.) consumption: 3.12 billion cubic meters (2023 est.) imports: 794.289 million cubic meters (2023 est.) proven reserves: 98.543 billion cubic meters (2021 est.)
2023, 2021 dates in source text; archive edition 2025 · Archive source ↗
Carbon dioxide emissions
156.228 million metric tonnes of CO2 (2023 est.) from coal and metallurgical coke: 88.581 million metric tonnes of CO2 (2023 est.) from petroleum and other liquids: 61.597 million metric tonnes of CO2 (2023 est.) from consumed natural gas: 6.05 million metric tonnes of CO2 (2023 est.)
2023 dates in source text; archive edition 2025 · Archive source ↗
Telephones - mobile cellular
total subscriptions: 135 million (2023 est.) subscriptions per 100 inhabitants: 144 (2022 est.)
2023, 2022 dates in source text; archive edition 2025 · Archive source ↗
Broadband - fixed subscriptions
total: 7.51 million (2023 est.) subscriptions per 100 inhabitants: 7 (2023 est.)
2023 dates in source text; archive edition 2025 · Archive source ↗
Airports
256 (2025)
2025 dates in source text; archive edition 2025 · Archive source ↗
Railways
total: 77 km (2017) standard gauge: 49 km (2017) 1.435-m gauge narrow gauge: 28 km (2017) 1.067-m gauge
2017 dates in source text; archive edition 2025 · Archive source ↗
Ports
total ports: 70 (2024) large: 2 medium: 4 small: 8 very small: 56 ports with oil terminals: 22 key ports: Batangas City, Cagayan de Oro, Cebu, Manila, San Fernando Harbor, Subic Bay
2024 dates in source text; archive edition 2025 · Archive source ↗
GDP - composition, by sector of origin
agriculture: 9.1% (2024 est.) industry: 27.7% (2024 est.) services: 63.2% (2024 est.) note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
2024 dates in source text; archive edition 2025 · Archive source ↗
Remittances
8.7% of GDP (2024 est.) 8.9% of GDP (2023 est.) 9.4% of GDP (2022 est.) note: personal transfers and compensation between resident and non-resident individuals/households/entities
2024, 2023, 2022 dates in source text; archive edition 2025 · Archive source ↗
CURRENCY OBSERVATIONS
Money & exchange rates
The latest verified daily references are separate from the historical country profile. Values are currency units per US$1.
Philippine Peso
PHP per US$1
Published reference snapshot; its original observation date is preserved.
1 PHP = US$0.01594973
62.481–62.848 PHP per US$1 across the displayed observations. The vertical scale follows this range.
View dated observations
| Observation date | PHP per US$1 |
|---|---|
| Oct 6, 2026 | 62.697 |
| Oct 5, 2026 | 62.622 |
| Oct 4, 2026 | 62.609 |
| Oct 3, 2026 | 62.625 |
| Oct 2, 2026 | 62.636 |
| Oct 1, 2026 | 62.738 |
| Sep 30, 2026 | 62.624 |
| Sep 29, 2026 | 62.507 |
| Sep 28, 2026 | 62.481 |
| Sep 27, 2026 | 62.553 |
| Sep 26, 2026 | 62.575 |
| Sep 25, 2026 | 62.595 |
| Sep 24, 2026 | 62.719 |
| Sep 23, 2026 | 62.584 |
| Sep 22, 2026 | 62.641 |
| Sep 21, 2026 | 62.799 |
| Sep 20, 2026 | 62.752 |
| Sep 19, 2026 | 62.748 |
| Sep 18, 2026 | 62.741 |
| Sep 17, 2026 | 62.719 |
| Sep 16, 2026 | 62.75 |
| Sep 15, 2026 | 62.848 |
| Sep 14, 2026 | 62.791 |
| Sep 13, 2026 | 62.624 |
| Sep 12, 2026 | 62.613 |
| Sep 11, 2026 | 62.61 |
| Sep 10, 2026 | 62.534 |
| Sep 9, 2026 | 62.507 |
| Sep 8, 2026 | 62.562 |
| Sep 7, 2026 | 62.642 |
Daily references are not live execution prices. A check time does not change a source observation date.
CAPITAL MARKETS
Stock exchanges
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SOURCES & DATES
Where the facts come from.
Editorial presentation by American Business Capital Group Inc. The organizations and archive links below are the underlying sources.
- Country reference
- CIA World Factbook · 2025 archive
- Archive retrieved
- Oct 6, 2026 · retrieval date, not an observation period
- Currency associations
- SIX / ISO 4217 currency registry ↗
- Rate observations
- Frankfurter / official reference providers ↗ · each observation is dated separately
- State classification
- UN member states ↗ · UN observer states ↗
- UN membership is shown separately from territory and currency coverage; inclusion is not a position on sovereignty or boundaries.
- CIA World Factbook text preserved by World Factbook Archive. Archive edition 2025; individual estimates retain their own dates. These are historical reference facts, not current observations.
About the editions. The CIA announced the end of its online World Factbook on February 4, 2026. Our historical profiles retain the archive editions shown above.
Skyhorse lists The CIA World Factbook 2026–2027, published April 7, 2026 (ISBN 9781510786042). That book’s full text has not been incorporated here; its edition title does not redate the imported archive. Archive distribution license.
Geography is a simplified reference. Displayed boundaries and entity inclusion do not express a position on sovereignty or disputed borders.