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:

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 should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.