Philippines Economic Forecasts

Published monthly, Asia Pacific Consensus Forecasts offers a concise outlook for the Philippine economy; covering 11 macroeconomic variables over a 2 year forecast horizon. Forecasts are provided by leading economists whose views are shown as the average (mean) forecast. In addition, our analysis includes 4 years of historical data for these same variables as well as written analysis and charts. Furthermore, the publication provides Consensus Forecasts™ for the Philippine peso against the US dollar in 3, 12 and 24 months time.

Download Samples Order

Philippines

Nominal GDP for Philippines was ₱19,411bn in 2021, down from ₱17,939bn in 2020. The Filipino population was estimated at 113.9m in 2021 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 hard copy and pdf version of the publication, we also show selected “comparison forecasters” including the Asian Development Bank, and IMF. The table below shows a small example set of forecasts for GDP growth and Consumer Prices (CPI), taken from our survey of September 2022.

Source: Asia Pacific Conensus 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.

Download Samples Order