Nominal GDP for Philippines was $462bn in 2024, up from $437.1bn in 2023. The Filipino population was estimated at 115.8m in 2024 according to the IMF, while the China is Philippines’s biggest trading partner.
Variables Surveyed for Philippines
Variables covered in our monthly analysis of Philippines include:
- Gross Domestic Product
- Personal Consumption Expenditure
- Gross Domestic Fixed Capital Formation
- Manufacturing Production
- Consumer Prices
- Money Supply
- Merchandise Exports
- Merchandise Imports
- Trade Balance
- Current Account Balance
- Interest Rates
- Peso Currency Forecasts
Consensus Forecasts for Philippines
Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. in the PDF publication, we also show selected “comparison forecasters” including the Asian Development Bank, and IMF. The example below is an illustrative historical survey snapshot from September 2022, showing how individual forecasts and the consensus are presented.
Source: Asia Pacific Consensus Forecasts, September 2022
Special Surveys
In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for Philippines on topics such as:- Quarterly Forecasts
- Long-Term 5 and 10 Year Forecasts
- Economic Policy Evaluation
- Real Interest Rates and Foreign Direct Investment
- Forecast Probabilities
- Forecasts of Trade and Current Account Balances
Main Data Sources for Philippines
- Philippine Statistics Authority: The Philippine Statistics Authority, abbreviated as PSA, is the central statistical authority of the Philippine government that collects, compiles, analyzes and publishes statistical information on economic, social, demographic, political affairs and general affairs of the people of the Philippines and enforces the civil registration functions in the country.
- Bangko Sentral ng Pilipinas: The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Republic of the Philippines.
Comprehensive Forecasts Coverage
Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at editors@consensuseconomics.com should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.Explore forecasts across Asia Pacific
Alongside this country forecast, explore the other economies covered by our Asia Pacific forecast publication.