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CompareEconomy.com Comparison of world economies

Philippines

World Rank 37 4.1 Philippines flag svg
Capital
Area
Currency
Manila
300,000 km 2
Peso (PHP)

Table of Contents

Introduction

The nation of the Philippines is located in the western Pacific Ocean and it is considered an archipelagic country. There are more than 7,600 islands owned by the republic. However, in most cases they are divided into three main geographical divisions, namely Luzon, Visayas, and Mindanao. The land coverage of 300,000 square kilometers is relatively low, especially if we take into account its large population. A gigantic number of recognized regional languages (up to 19) makes this place very diverse and, as a result, with two official languages - English and Filippino.

Economy

Ranked 7th in the region of East Asia and Pacific, Philippines are a very important trading partner for many nations. Their GDP (PPP) is at around $1 trillion, according to data collected in 2019 by The World Bank.

GDP per capita, another important indication of wealth in the nation, indicates a very low value, which is the result of a large population when compared to the total prosperity. In terms of numbers, Philippines GDP per capita (with PPP factor included) is around $9,300. It is surely very low, especially when compared to the average in the region of East Asia and Pacific.

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart
#37 (2021)
394,086,401,171 US$

List of countries by GDP

(United States of America (USA))

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart
#151 (2021)
-47,357,375,294 US$

List of countries by external balance on goods and services

(China)

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

  • Last
  • Historical chart
#159 (2021)
2.63 %

List of countries by unemployment

(South Africa)

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)