1. business and industrial
2. company
3. annual report

PHILIPPINES
SELECTED ECONOMIC AND FINANCIAL INDICATORS
Item
I. OUTPUT, EMPLOYMENT AND WAGES
08-Oct-14
2006
2007
8:31:32
2008
2009
2010
2011
2012
2013
2013
1
2014
1st Semester
A. Gross National Income (GNI) (Constant 2000 prices, P Billion)
annual % change
(constant 2000 prices, US$ Billion) 2
5911.3
5.0
133.8
6276.0
6.2
142.0
6590.0
5.0
149.1
7507.6 r
r
6.4
r
169.9
8069.0 r
r
7.5
r
182.6
3928.8
6.8
88.9
4213.2
7.2
95.3
B. GNI (Current Prices, P Billion)
7883.1
8634.1
9776.2 10652.5 10852.4 r 11629.3 r 12631.3 r
13850.9 r
6560.6
7240.1
C. GDP (constant 2000 prices, P Billion)
annual % change
(constant 2000 prices, US$ Billion) 2
4716.2
5.2
106.7
5028.3
6.6
113.8
5237.1
4.2
118.5
5297.2
1.1
119.9
5701.5
7.6
129.0
5910.2 r
3.7 r
133.7 r
6312.2 r
6.8 r
142.8 r
6765.5 r
7.2 r
153.1 r
3317.1
7.8
75.1
3516.7
6.0
79.6
D. GDP (Current Prices, P Billion)
annual % change
(current prices, US$ Billion)
6271.2
10.5
122.2
6892.7
9.9
149.4
7720.9
12.0
173.6
8026.1
4.0
168.5
9003.5
12.2
199.6
9708.3 r 10567.3 r
7.8 r
8.8 r
224.1 r
250.2 r
11548.2 r
9.3 r
272.1 r
5491.5
9.0
133.1
5996.7
9.2
134.8
E. GDP by Expenditure Shares and Net Primary Income
(constant 2000 prices)
1. Household Final Consumption Expenditure (P Billion)
annual % change
Percent share to total GNI
Percent share to total GDP
3439.9
4.2
58.2
72.9
3598.4
4.6
57.3
71.6
3730.9
3.7
56.6
71.2
3817.9
2.3
54.6
72.1
3945.8
3.4
57.6
69.2
4166.4 r
5.6 r
59.0 r
70.5 r
4442.5 r
6.6 r
59.2 r
70.4 r
4694.8 r
5.7 r
58.2 r
69.4 r
2241.1
5.3
57.0
67.6
2366.4
5.6
56.2
67.3
2. Government Final Consumption Expenditure (P Billion)
annual % change
Percent share to total GNI
Percent share to total GDP
461.1
10.6
7.8
9.8
492.9
6.9
7.9
9.8
494.4
0.3
7.5
9.4
548.3
10.9
7.8
10.4
570.2
4.0
8.3
10.0
582.1 r
2.1 r
8.2 r
9.8 r
672.2 r
15.5 r
9.0 r
10.6 r
723.6 r
7.7 r
9.0 r
10.7 r
405.2
11.1
10.3
12.2
408.7
0.9
9.7
11.6
3. Capital Formation (P Billion)
annual % change
(nominal as % of GNI)
Percent share to total GNI
Percent share to total GDP
802.1
-15.1
14.3
13.6
17.0
798.3
-0.5
13.8
12.7
15.9
984.8
23.4
15.2
14.9
18.8
899.3
-8.7
12.5
12.9
17.0
1183.6
31.6
17.0
17.3
20.8
1216.9 r
2.8 r
17.1 r
r
17.2
20.6 r
1152.1 r
-5.3 r
15.1 r
r
15.3
18.3 r
1496.8 r
29.9 r
16.4 r
r
18.5
22.1 r
653.4
41.7
7.5
16.6
19.7
679.0
3.9
7.7
16.1
19.3
4. Exports (P Billion)
annual % change
Percent share to total GNI
Percent share to total GDP
2491.6
12.6
42.1
52.8
2659.7
6.7
42.4
52.9
2588.5
-2.7
39.3
49.4
2385.8
-7.8
34.1
45.0
2886.1
21.0
42.1
50.6
2813.0
-2.5 r
39.9 r
47.6 r
r
3053.1
8.5 r
40.7 r
48.4 r
r
3019.6
-1.1 r
37.4 r
44.6 r
r
1501.2
-9.1
38.2
45.3
1678.0
11.8
39.8
47.7
5. Imports (P Billion)
annual % change
Percent share to total GNI
2478.5
3.5
41.9
52.6
2521.1
1.7
40.2
50.1
2561.5
1.6
38.9
48.9
2354.1
-8.1
33.7
44.4
2884.3
22.5
42.1
50.6
2868.2 r
-0.6 r
r
40.6
48.5 r
3007.7 r
4.9 r
r
40.1
47.6 r
3169.3 r
5.4 r
r
39.3
46.8 r
1499.0
-1.1
38.2
45.2
1583.8
5.7
37.6
45.0
Percent share to total GDP
6. Net Primary Income
(P Billion)
annual % change
Percent share to total GNI
Percent share to total GDP
6988.8
6.1
158.1
6851.1 r
r
8.2
155.0
7058.0 r
r
3.0
r
159.7
r
1195.1
4.0
20.2
25.3
1247.7
4.4
19.9
24.8
1352.9
8.4
20.5
25.8
1691.5
25.0
24.2
31.9
1149.6 r
n.c.
16.8
20.2
1147.8 r
-0.2 r
16.3 r
19.4 r
1195.4 r
4.1 r
15.9 r
18.9 r
1303.6 r
9.0 r
16.2 r
19.3 r
611.7
2.1
15.6
18.4
696.5
13.9
16.5
19.8
618.5
3.6
10.5
13.1
647.7
4.7
10.3
12.9
668.5
3.2
10.1
12.8
663.7
-0.7
9.5
12.5
662.7
-0.2
9.7
11.6
679.8 r
2.6 r
r
9.6
11.5 r
699.0 r
2.8 r
r
9.3
11.1 r
706.6 r
1.1 r
r
8.8
10.4 r
339.7
1.6
8.6
10.2
347.1
2.2
8.2
9.9
2. Industry Sector (In P Billion)
annual % change
Percent share to total GNI
Percent share to total GDP
of which:
Manufacturing (P Billion)
annual % change
Construction (P Billion)
annual % change
1532.8
4.6
25.9
32.5
1621.2
5.8
25.8
32.2
1699.2
4.8
25.8
32.4
1666.6
-1.9
23.8
31.5
1859.5
11.6
27.1
32.6
1894.0 r
r
1.9
26.8 r
32.0 r
2031.4 r
r
7.3
27.1 r
32.2 r
2219.4 r
r
9.3
27.5 r
32.8 r
1097.4
10.9
27.9
33.1
1169.6
6.6
27.8
33.3
1106.1
4.1
217.6
9.8
1145.5
3.6
249.4
14.6
1194.9
4.3
266.8
7.0
1137.5
-4.8
285.0
6.8
1264.5
11.2
325.8
14.3
1324.3 r
4.7 r
294.6 r
-9.6 r
1395.7 r
5.4 r
348.3 r
18.2 r
1538.9 r
10.3 r
381.7 r
9.6 r
748.1
9.9
192.8
22.9
814.3
8.8
194.4
0.9
3. Service Sector (In P Billion)
annual % change
Percent share to total GNI
Percent share to total GDP
of which:
Trade (P Billion)
annual % change
Finance and Real Estate (P Billion)
annual % change
2565.0
6.0
43.4
54.4
2759.4
7.6
44.0
54.9
2869.4
4.0
43.5
54.8
2966.9
3.4
42.5
56.0
3179.4
7.2
46.4
55.8
3336.4 r
r
4.9
47.3 r
56.5 r
3581.8 r
r
7.4
47.7 r
56.7 r
3839.4 r
r
7.2
47.6 r
56.8 r
1880.0
7.2
47.9
56.7
1999.9
6.4
47.5
56.9
784.4
6.0
734.8
8.6
851.9
8.6
799.6
9.8
863.7
1.4
848.8
4.0
875.6
1.4
888.2
4.6
948.7
8.4
963.7
8.5
981.0 r
3.4 r
1032.6 r
7.2 r
1055.7 r
7.6 r
1105.7 r
7.1 r
1115.5 r
5.7 r
1218.6 r
10.2 r
504.6
5.3
606.0
10.2
536.5
6.3
653.4
7.8
F. GDP by Industrial Origin (constant 2000 prices)
1. Agriculture, Hunting, Forestry and Fishing (In P Billion)
annual % change
Percent share to total GNI
Percent share to total GDP
PHILIPPINES
SELECTED ECONOMIC AND FINANCIAL INDICATORS
08-Oct-14
page 2
Item
2006
2007
2008
2009
2010
2011
2012
2013
2013
2014
1
I. OUTPUT, EMPLOYMENT AND WAGES cont'd
67967
2.9
90638
8.1
70750 72852 76783 73985 74437
77796
r
r
4.1
3.0
5.4
n.c.
0.6
4.5
r
r
97334 108075 117034 117194 122648 130890
r
r
7.4
11.0
8.3
n.c.
4.7
6.7
82178
5.6
141063
7.8
r
54226
3.2
72104
8.3
56684
4.5
77702
7.8
57896
2.1
85354
9.8
58199
0.5
88180
3.3
61570 62332 r 65409 r
n.c.
1.2 r
4.9 r
97227 102389 r 109503 r
n.c.
5.3 r
6.9 r
68902
5.3
117612
7.4
r
I. Per Capita GNI (constant 2000 prices; US$)
annual % change
(at current prices)
annual % change
1538
2.9
1766
16.0
1601
4.1
2109
19.4
1648
3.0
2430
15.2
1737
5.4
2457
1.1
1674 r
n.c.
2598 r
n.c.
1684 r
0.6 r
2832 r
9.0 r
1760 r
4.5 r
3100 r
9.5 r
1859
5.6
3323
7.2
r
J. Per Capita GDP (constant 2000 prices; US$)
annual % change
(at current prices)
annual % change
1227
3.2
1405
16.2
1283
4.5
1684
19.8
1310
2.1
1919
14.0
1317
0.5
1851
-3.5
1393
n.c.
2155
n.c.
1410 r
1.2 r
2364 r
9.7 r
1480 r
4.9 r
2593 r
9.7 r
1559
5.3
2771
6.9
r
K. Per Capita GNI, PPP concept (at current prices; US$)3r
annual % changer
Per Capita GDP, PPP concept (at current prices; US$)3r
annual % changer
4092
6.1
3255
6.3
4376
6.9
3493
7.3
4606
5.3
3637
4.1
4890
6.2
3684
1.3
4755
-2.8
3945
7.1
4878 r
2.6 r
4072 r
r
3.2
5198 r
6.6 r
4349 r
r
6.8
5576 r
7.3 r
4649 r
r
6.9
26.8
27.5
27.9
28.2
32.7
31.1
29.4
30.2
87.0
2.0
88.7
2.0
90.5
2.0
91.0
n.c.
92.6
1.7
94.8 r
r
2.4
G. Per Capita GNI (constant 2000 prices; P)
annual % change
(at current prices)
annual % change
H. Per Capita GDP (constant 2000 prices; P)
annual % change
(at current prices)
annual % change
L. Savings Rate
4
M. Population (in million persons)
annual % change
5
N. Unemployment Rate (Average; percent)
New definition
6
O. Wage Rates: Legislated Daily Wage Rate of Nonagricultural Workers in Metro Manila (Nominal, P)
Real Wages 7
P. Average Capacity Utilization, per MISSI
11.0
8.0
r
r
r
96.5 r
r
1.8
98.2
1.7
r
r
r
r
r
r
r
r
r
r
r
r
r
r
1st Semester
40099
42274
5.0
5.4
66960
72643
6.3
8.5
33855
5.9
56048
7.1
35285
4.2
60168
7.4
907
5.0
1624
10.6
957
5.4
1632
0.6
766
5.9
1359
11.4
798
4.2
1352
-0.5
2647
5.8
2216
6.6
2791
5.5
2312
4.4
98.0
1.8
99.7
1.7
Jul
7.3
7.4
7.5
7.4
7.0
350.00
344.83
362.00
346.08
382.00
347.59
382.00
335.38
404.00
341.50
426.00
349.18
80.2
79.8
80.4
81.1
83.0
83.0
7.0
7.1
Dec
456.00
466.00
363.64
362.36
Jan - Nov
82.9
83.1
7.3
6.7
b
Sep
456.00
466.00
359.34
354.64
Jan - Jul
83.0
83.3
II. PRICES
Jan - Sep
2.8
4.4
2.4
6.7
29.5
5.6
2.0
2.5
1.5
3.4
3.1
4.6
0.75
0.72
A. Headline Inflation, Philippines (2006=100)
of which: Food and Non-Alcoholic Beverages
Alcoholic Beverages, Tobacco and Narcotics
Non-Food
2. CPI, NCR (all items, ave % change)
3. CPI, AONCR (all items, ave. % change)
4. Purchasing Power of the Peso
5.5
5.2
5.2
5.7
6.2
5.3
1.0
2.9
3.7
3.0
2.4
2.7
3.0
0.97
8.3
13.0
5.2
5.1
6.2
8.8
0.90
4.2
6.2
4.2
2.8
2.8
4.6
0.86
3.8
4.0
3.0
3.7
3.7
3.8
0.83
4.6
5.5
5.3
4.1
4.0
4.9
0.79
3.2
2.4
5.0
3.7
2.9
3.2
0.77
3.0
2.8
29.8
2.1
1.6
3.3
0.75
B. Core Inflation (2006=100)
5.3
2.9
5.8
4.2
3.6
4.3
3.7
2.9
C. GDP Deflator (% Change)
4.9
3.1
7.5
2.8
4.2
4.0
1.9
2.0
3.0
3.1
1st Semester
1.1
3.0
2045.2 r
27.3
Aug
1808.2 r
2125.4 p
24.9
17.5
III.MONEY AND INTEREST RATES
A. Money (End-of-Period) 8
1. Money Supply (M1, P Billion)
SRF-based 9
(% Change)
Dec
777.4
22.3
918.5
18.1
1061.1
15.5
1217.7
14.8
1348.5
10.7
1494.7
10.8
1606.5 r
7.5
2. Domestic Liquidity (M3, P Billion)
Jul
SRF-based 9
(% Change)
(as % of GDP)
3. Expanded Liquidity (M4, P Billion)
SRF-based 9
(% Change)
(as % of GDP)
2918.9
23.0
3371.1
15.5
3711.7
10.1
4077.5
9.9
4483.3
10.0
4802.4
7.1
5252.5 r
9.4
6925.0 r
31.8
46.5
48.9
48.1
50.8
49.8
49.5
49.7 r
60.0 r
10
3802.0
18.6
4173.7
9.8
4650.4
11.4
5117.4
10.0
5548.3
8.4
5821.5
4.9
6252.7 r
7.4
8054.2 r
28.8
60.6
60.6
60.2
63.8
61.6
60.0
59.2 r
69.7 r
6027.6 r
7140.5 p
30.9
18.5
Jun
52.2
58.8 p
Jul
Aug
7150.8 r
8424.2 p
26.9
17.8
Jun
62.0
69.2 p
PHILIPPINES
SELECTED ECONOMIC AND FINANCIAL INDICATORS
08-Oct-14
page 3
Item
2006
2007
2008
2009
2010
2011
2012
2013
2013
2014
III. MONEY AND INTEREST RATES (cont'd)
4. Base Money (P Billion)
9
SRF-based
(% Change)
5. Reserve Money (P Billion) 11
SRF-based 9
(% Change)
6. Domestic Claims (SRF-based 9 )
(P Billion)
(% Change)
(as % of GDP)
a. Net Claims on Central Government
Nominal (P Billion)
(% Change)
Real (P Billion) 12
(% Change)
b. Net Claims on Other Sectors
Nominal (P Billion)
(% Change)
Real (P Billion) 12
(% Change)
7. Foreign Currency Deposits (P Billion; Resident)
SRF-based 9
(% Change)
8. Loan Outstanding (UBs\KBs) (P Billion) 13
a. Total: Gross of RRPs
(% Change)
b. Net of RRPs
(% Change)
9. Non-Performing Loans - UBs & KBS (P Billion) 14
As % of total loans
10. Capital Adequacy Ratio - Ubs & KBS
(based on Circular No. 280
dated 29 March 2001)
11. Total Resources of the Fin'l Syst. (P Billion)
(includes BSP)
Aug
799.7
20.4
719.0
53.8
880.5
10.1
848.8
18.0
992.0
12.7
961.5
13.3
1082.6
9.1
1047.9
9.0
1158.6
7.0
1120.5
6.9
1335.3
15.3
1323.0
18.1
1481.4
10.9
1932.0
30.4
1475.6
11.5
1926.2
30.5
1616.6
25.3
1970.8
21.9
Aug
1608.6 p
26.6
p
p
1967.7 r
22.3
3027.1
6.4
3336.1
10.2
3794.3
13.7
4112.2
8.4
4476.5
8.9
5046.4
12.7
48.3
48.4
49.1
51.2
49.7
52.0
51.2 r
51.9 r
766.6
3.3
759.0
-0.7
793.3
3.5
753.6
-0.7
969.0
22.2
852.7
13.2
1078.0
11.2
916.3
7.5
1127.6
4.6
924.6
0.9
1161.6
3.0
906.0
-2.0
969.2 r
-16.6
736.6 r
-18.7
950.8 r
-1.9
694.1 r
-5.8
2260.5
7.5
2237.9
3.3
2542.8
12.5
2415.7
7.9
2825.3
11.1
2486.2
2.9
3034.2
7.4
1850.9
-25.6
3349.0
10.4
2746.2
48.4
3884.9
16.0
3030.2
10.3
4444.8 r
14.4
3378.0 r
11.5
5037.8 r
13.3
3677.6 r
8.9
Aug
5651.2 r
11.7
Jun
51.2
Aug
969.9 r
-2.4
727.4
-3.7
Jul
4681.3 r
15.1
3511.0 r
13.6
883.1
6.1
802.6
-9.1
938.7
17.0
1039.9
10.8
1064.9
2.4
1019.0
-4.3
1000.1 r
-1.9
1129.2 r
12.9
1123.2 r
9.0
1283.8 p
14.3
1695.3
10.1
1494.8
4.5
1856.7
9.5
1618.6
8.3
2181.1
17.5
1951.0
20.5
2378.9
9.1
2146.7
10.0
2591.0
8.9
2338.6
8.9
3014.9
16.4
2790.7
19.3
3480.4 r
15.4
3243.8 r
16.2
4048.1 r
16.3
3777.0 r
16.4
4316.5 p
17.9
4093.0 p
20.2
117.4
5.7
97.6
4.4
88.2
3.5
80.9
3.0
80.2
2.9
71.9
2.2
3660.5 r
13.0
3405.1 r
14.2
Jul
100.8 p
2.7 p
5414.0
7.3
100.6
2.8
r
r
r
5988.7
10.6
90.5
2.1
r
p
p
6438.0 p
13.9
53.3 p
1015.9 p
4.7
721.3 r
-0.8
5422.1 p
15.8
3849.7 p
9.6
95.2
2.1
p
p
Mar
18.5
15.9
15.7
16.0
17.3
17.7
18.4
17.7
18.9
16.4
Jun
7828.5
8648.8
9729.2 10768.2 12241.7 13433.5
14598.3
16896.8 r
r
17062.5
r
4358.5
5213.9
r
10.5
6351.7
18.4
68.6
19.6
7901.2
24.4
66.0
15382.5
p
Jun
12. Total Loans Portfolio, gross-net of amortization
(P Billion)
(% Change)
13. Deposit Liabilities (P Billion)
(% Change)
Loans to Deposit Ratio
2427.9
2601.7
12.7
7.2
3497.6 3664.8
17.7
4.8
69.4
71.0
2924.4
12.4
4195.1
14.5
69.7
3179.9
8.7
4671.8
11.4
68.1
3303.5
3.9
5125.1
9.7
64.5
3761.9
13.9
5376.4
4.9
70.0
4228.6
12.4
5753.6
7.0
73.5
4897.0
15.8
7608.9
32.2
64.4
r
B. Interest Rates (% p.a., average)
Nominal Interest Rates
15
1. Manila Ref. Rates (90 days)
8.13
8.25
7.50
7.31
6.88
6.69
5.31
2.50
5.35
3.41
5.39
4.19
3.73
1.37
1.58
0.32
3. T-bills 364 days
6.96
4.92
6.49
4.59
4.26
2.26
1.97
0.72
4. Time Deposits (all maturities)
5. Lending Rates
High
Low
4.94
3.41
4.06
2.68
2.99
2.84
2.83
1.41
10.15
8.30
8.59
6.85
9.45
7.54
9.25
7.31
8.70
6.55
7.75
5.62
7.84
5.56
6.93
4.60
6. Bank Ave. Lending Rates (all maturities)
9.71
8.68
8.76
8.54
6.63
5.65
5.76
2. T-bills 91 days
16
Real Interest Rates 17
1. Manila Ref. Rates (90 days)
7.67
2.63
5.35
-0.80
3.21
2.98
2.09
2.11
-0.50
2. T-bills 91 days
-0.15
0.51
-2.91
0.09
-0.17
-3.23
-1.62
-2.69
3. T-bills 364 days
1.46
2.02
-1.81
0.49
0.36
-2.34
-1.24
-2.28
4. Time Deposits (all maturities)
5. Lending Rates
High
Low
-0.56
0.51
-4.25
-1.42
-0.91
-1.76
-0.37
-1.59
4.65
2.80
5.69
3.95
1.15
-0.76
5.15
3.21
4.80
2.65
3.15
1.02
4.64
2.36
3.93
1.60
6. Bank Ave. Lending Rates (all maturities)
4.21
5.78
0.46
4.44
3.77
2.03
2.45
2.76
Jan - Sep
2.81
2.00
Jan - Sep
0.40
1.23
0.84
Jan - Aug
1.58
Jan - Sep
7.02
4.69
Jan - Aug
5.81
1.77
1.00
6.81
4.37
5.52
Jan - Sep
0.01
-2.40
Jan - Jul
-2.40
-3.17
-1.96
Jan - Jun
-1.22
Jan - Jul
4.22
1.89
Jan - Aug
3.02
-2.63
-3.40
2.41
-0.03
1.11
b
PHILIPPINES
SELECTED ECONOMIC AND FINANCIAL INDICATORS
08-Oct-14
page 4
Item
2006
2007
2008
2009
2010
2011
2012
2013
2013
IV. EXTERNAL SECTOR
2014
6963 r
4.5 r
5.7 r
8072 r
4.3 r
5.4 r
144 r
0.1 r
0.1 r
8448 r
3.8 r
5.0 r
B. Trade Balance (US$ Million) 18, 19
-11459 r
-13966 r
-18646 r
-13860 r
C. Exports (Goods; US$ Million) 18, 19
(% Change)
30734 r
22.1 r
32803 r
6.7 r
34679 r
5.7 r
29143 r
-16.0 r
36772 r
26.2 r
38276 r
4.1 r
46384 r
21.2 r
44512 a
-4.0 a
25.1 r
22.0 r
20.0 r
17.3 r
18.4 r
17.1 r
18.5 r
16.4 a
42194 r
13.1 r
46769 r
10.8 r
53324 r
14.0 r
43003 r
-19.4 r
53631 r
24.7 r
58705 r
9.5 r
65310 r
11.3 r
62214 a
-4.7
26.1 r
22.9 a
Jan - Jun
5623
4369
3918 p
2.7
2.4 p
3.3
2.9 p
Jan - Jul
-2872 a -1673 a
Jan - Jul
32374 a 35273 a
2.8 a
9.0 a
Jan - Jun
20.7
22.1
Jan - Jul
35246 a 36946 a
-1.6 a
4.8 a
Jan - Jun
22.0
23.3
21391
6.3
22968 r
7.4 r
Jan - Jul
12746 p 13485 p
6.8 p
5.8 p
23352
6.5
25351 r
8.6 r
A. Current Account Balance (US$ Million) 18
(as % of GNI)
(as % of GDP)
(as % of GDP)
D. Imports (Goods; US$ Million) 18, 19
(% Change)
7179
3.0
3.6
r
5643 r
2.1 r
2.5 r
r
r
-16859 r -20428 r
6949 r
2.3 r
2.8 r
10393
3.2
3.8
-18926 r -17702 a
a
\
34.5 r
(as % of GDP)
E. Cash Remittances (US$Million) (coursed
through banks)
(% Change)
12761
19.4
30.7 r
14450
13.2
\
Personal remittances 20
(% Change)
31.3 r
25.5 r
16427
13.7
\
26.9 r
2009
18763
8.2
17348
5.6
\
26.2 r
\
20117
7.2
\
\
\
14988 r
14.5 r
15853 r
5.8 r
18064 r
13.9 r
19078
5.6 r
20563
7.8
21922
6.6
Deployment (in thousand persons)
(% Change)
1063
7.5
1078
1.4
1236
14.7
1423
15.1
1471
3.4
1688
14.8
1802 r
6.8 r
1802 p
0.0 p
F. Investments, Net (US$ Million) 18, 21
of which: Net Direct Investments
Net Portfolio Investments
Financial Derivatives
Other Investments
1684 r
-1639 r
-3019 r
138 r
6204 r
-170 r
2454 r
-1575 r
288 r
-1336 r
1370 r
630 r
1587 r
114 r
-961 r
-896 r
-167 r
-2054 r
-30 r
1356 r
-11491 r
1642 r
-4890 r
194 r
-8436 r
-5319 r
342 r
-3663 r
-1005 r
-993 r
-6748 r
958 r
-3205 r
-14 r
-4487 r
2140 p
150 p
-1001 p
-88 p
3079 p
Memo items:
Net Foreign Direct Investments 22
Net Foreign Portfolio Investments 23
H. Overall BOP Position (US$ Million)
24
I. Net International Reserves, (MA-NIR)
(end-of-period; in US$ Million)
J. Total Foreign Assets, BSP-GIR (EOP, US$ Million) 25
(in months of imports of goods & payment
for services and income) 26
as a % of short-term debt based on Original Maturity 27
as a % of short-term debt based on Residual Maturity 28
K. External Debt (end-of-period; US$ Million) 29
2707 r
2919 r
1340 r
2065 r
1070 r
2007 r
3215 r
3860 p
3578 r
1717 r
-3192 r
2288 r
6359 r
3100 r
4169 r
363 p
3769
8556
89
6421
15243
r
11400
9236
14063 p 14958 p
7.4 p
6.4 p
Jan - Dec
1704 p
-5.4 p
Jan - Jun
709
4607 p
42
-1079 p
-1263
1894 p
24
-26 p
1905
3817 p
Jan - Jun
2019 p 3572 p
Jan - Jun
1060 p
-370 p
Jan - Aug
3359 r -3530 r
5085
22953
33744
36036
44238
62370
75300
83829
83185 r
end - Sep
83495 r 80426
22967
5.1
33751
6.7
37551
6.4
44243
9.2
62373
10.4
75302
11.6
83831
11.5 r
83187 r
11.6 r
83507
11.7
r
r
r
r
r
r
p
r
r
80435
10.9
458.5
251.2
r
476.4
300.7
536.4
331.7
1105.5
503.8
r
r
990.8
554.6
1073.8
712.4
r
60442
988.2
645.7
r
60337
741.9 r
559.4 r
58506
r
r
841.6
615.8
r
r
840.7
609.8
end - Jun
58009 58106
55470
54328
54856
60048
(as % of GNI)
35.1
29.6
24.7
24.5
25.0
22.5 r
20.2
17.9 r
18.3
17.6
(as % of GDP)
44.1
37.1
31.3
32.6
30.1
27.0
24.1
21.5
21.8
21.2
Jan - Jun
9.6
6.9
13.0 r
10.7 r
10.5 r
11.0 r
9.9 r
9.9 r
7.3 r
8.1
12.3 r
10.2 r
9.9 r
10.3 r
9.3 r
9.3 r
6.9 r
7.6
M. External Debt Service Burden (as % of GDP)
6.2 r
4.7 r
4.1 r
4.1 r
3.7 r
3.5 r
2.6 r
2.7
9.0
6.5
Jan - Jun
3.1
2.3
N. Foreign Interest Payments (as % of GDP)
2.2 r
1.9 r
1.7 r
1.5 r
1.3 r
1.3 r
1.2 r
1.1
1.1
1.0
O. Principal Payments (as % of GDP)
4.0
2.8
2.4
2.6
2.4
2.2
1.4 r
1.7
2.0
1.3
P. World Real GDP Growth 30
5.2
5.3
2.7
-0.4
5.2
3.9
3.2
3.0
Q. Foreign Interest Rates
90-day LIBOR
180-day LIBOR
90-day US treasury bills
p
p
r
53897
L. External Debt Service Ratio (in %)
(as % of Exports of Goods and Receipts
from Services and Income) 18
(as % of Current Account Receipts)
p
5.19
5.27
4.84
5.30
5.25
4.52
2.91
3.04
1.41
0.69
1.12
0.15
0.34
0.52
0.13
0.34
0.51
0.05
0.43
0.69
0.08
0.27
0.41
0.05
Jan - Sep
0.28
0.23
0.43
0.33
0.05
0.03
p
p
PHILIPPINES
SELECTED ECONOMIC AND FINANCIAL INDICATORS
08-Oct-14
page 5
Item
2006
2007
2008
2009
2010
2011
2012
2013
2013
2014
IV. EXTERNAL SECTOR (cont'd)
R. Peso-Dollar Rate (P/US$)
(Period average)
(% Appreciation(+)/Depreciation(-))
(End-of-Period)
(% Appreciation(+)/Depreciation(-))
Standard Deviation (Volatility)
S. New Effective Exchange Rate Index of the Peso
Nominal Effective Exchange Rate Index (NEERI)
Overall
Advanced
Developing
Real Effective Exchange Rate Index (REERI)
Overall
Advanced
Developing
51.314 46.148 44.475
7.35 11.19
3.76
49.132 41.401 47.485
8.01 18.67 -12.81
1.1536 2.0991 2.9141
47.637 45.110 43.313
-6.64
5.60
4.15
46.356 43.885 43.928
2.44
5.63
-0.10
0.7112 1.1125 0.5243
42.229
2.57
41.192
6.64
0.8150
42.446
-0.51
44.414
-7.25
1.370
Jan - Sep
42.057 44.256
1.23
-4.97
43.309 44.966
-3.30
-3.69
1.355
0.590
Jan - Aug
15.39
14.83
12.48
12.08
24.67
23.70
31
13.95
11.12
22.49
15.06
12.07
24.17
15.07
11.75
24.75
70.38 76.17 78.99
59.86 65.74 67.35
99.35 106.20 111.23
14.25
10.81
23.98
14.52
11.25
24.08
14.42
11.12
23.98
14.92
11.61
24.67
15.27
12.43
24.48
77.68 80.56 81.08
64.84 69.50 70.63
111.54 113.02 112.97
84.60
75.09
116.35
87.48
81.90
115.98
r
r
r
r
r
r
88.34
82.45
116.99
86.96
81.73
114.57
V. PUBLIC FINANCE
A. National Government (NG) (P Billion) 32
Revenues, of which:
(as % of GDP)
Tax
(as % of GDP)
Non-Tax
Expenditures, of which:
(as % of GDP)
Surplus/Deficit(-)
(as % of GDP)
979.6 1136.6 1202.9
15.6
859.9
13.7
16.5
15.6
932.9 1049.2
13.5
13.6
119.8 203.6 153.7
1044.4 1149.0 1271.0
1123.2 1207.9
1359.9
1534.9
1716.1
13.4
14.0
14.5
14.9
981.6 1093.6
1202.1
1361.1
1535.3
12.1
12.4
12.9
13.3
141.6 114.3
1421.7 1522.4
157.9
1557.7
173.9
1777.8
180.8
1880.2
14.0
12.2
16.7
16.7
16.5
17.7
16.9
16.0
16.8
16.3
-64.8
-12.4
-68.1
-298.5
-314.5
-197.8
-242.8
-164.1
-1.0
-0.2
-0.9
-3.7
-3.5
-2.0
-2.3
-1.4
Jan - Aug
1139.2 1270.4
Jan - Jun
15.3
15.6
Jan - Aug
1021.2 1134.3
Jan - Jun
13.6 13.7
Jan - Aug
118.0
136.2
1221.8 1296.3
Jan - Jun
16.2
16.5
Jan - Aug
-82.6
-25.9
Jan - Jun
-0.9
-0.9
B. Sources of Financing the NG Deficit 33
Borrowings (Net)
Domestic (Net) (P Billion)
(as % to total NG Deficit)
(as % of GDP)
Foreign (Net) (P Billion)
(as % to total NG Deficit)
(as % of GDP)
Change in Cash (Budgetary) (P Billion)
(as % to total NG Deficit)
(as % of GDP)
C. NG Interest Payments as % of GDP
D. Public Sector Borrowing Requirement (P Billion) 33
(as % of GDP)
E. Consolidated Public Sector Financial Position 34
(CPSFP) Total Surplus/(Deficit) (P Billion)
(as % of GDP)
110.1
-10.6
-16.4
99.1
42.9
345.2
160.1
169.3
248.6
229.8
77.4
25.9
351.6
218.6
69.5
115.3
64.1
32.4
538.2
468.1
192.8
319.1
402.9
245.6
-0.2
0.6
2.2
1.0
2.4
0.7
4.4
3.5
120.8
186.4
56.2
451.4
-9.2
-13.5
152.5
51.1
133.0
42.3
51.2
25.9
70.0
28.8
-83.8
-51.1
1.9
0.8
-0.1
1.9
1.5
0.5
0.7
-0.7
45.3
70.0
86.7
696.6
92.0
135.0
-68.7
-23.0
37.2
11.8
-82.5
-41.7
295.3
121.6
155.1
94.5
0.7
1.3
1.2
-0.9
0.4
-0.8
2.8
1.3
4.9
3.9
3.5
3.5
3.3
2.9
3.0
2.8
-79.1
47.9
-91.0
-329.8
-379.0
-220.1
-226.7
-1.3
0.7
-1.2
-4.1
-4.2
-2.3
-2.1
-0.8
-192.1 r
19.2
r
0.2
11.0
21.4
29.2
-240.1
-355.8
-175.1
0.2
0.3
0.4
-3.0
-4.0
-1.8
-1.8
r
-92.0
Jan - Aug
250.1
177.4
320.7
160.5
388.1
620.5
Jan - Jun
2.8
1.9
Jan - Aug
-70.6
16.9
-85.4
65.2
Jan - Jun
-1.2
-0.2
Jan - Aug
167.5
151.5
202.7
585.7
Jan - Jun
0.7
0.7
2.9
r
2.7
-64.0
0.00
-2.4
0.00
r
-12.0
0.00
r
-0.5
0.00
PHILIPPINES
SELECTED ECONOMIC AND FINANCIAL INDICATORS
08-Oct-14
page 6
Item
2006
2007
2008
2009
2010
2011
2012
2013
2012
2013
2014
V. PUBLIC FINANCE (cont'd)
F. Total Outstanding Debt of the
National Government (P Billion)
35
3851.5
3712.5 4220.9
4396.6
4718.2
4951.2
5437.1
5681.2
54.7
54.8
52.4
51.0
51.5
49.2
2201.2 2414.4
2470.0
2718.2
2873.4
3468.4
3733.4
31.3
30.8
30.2
29.6
32.8
32.3
1511.3 1806.5
1926.6
2000.0
2077.8
1968.7
1947.7
23.4
24.0
22.2
21.4
18.6
16.9
4773.6 5267.1
5689.7
6569.1
7593.4
7495.6 r
7654.2 r
68.2
70.9
73.0
78.2
70.9 r
66.3 r
73.9
66.6
0.00
2201.8 2332.0
2691.7
5219.9 r
5447.7 r
5192.1
5308.0
0.00
49.4 r
47.2 r
50.4
47.1
0.00
2423.9
2196.4
0.00
61.4
(as % of GDP)
Domestic Debt (P Billion)
2154.1
53.9
34.3
(as % of GDP)
Foreign Debt (P Billion)
1697.4
31.9
27.1
(as % of GDP)
G. Total Public Sector Debt (P Billion)
36
4943.6
21.9
78.8
(as % of GDP)
Domestic (P Billion)
1913.9
69.3
30.5
(as % of GDP)
Foreign (P Billion)
3029.7
(as % of GDP)
H. NG Debt Service Payments (P Billion)
Interest
Principal
end - Aug
5642.5
5713.5
end - Jun
49.5
46.9
end - Aug
3647.9
3777.8
end - Jun
31.8
31.0
end - Aug
1994.7
1935.7
end - Jun
17.7
15.9
end - Sep
7616.0
7504.3
0.00
31.9
30.2
33.5
2571.8 2935.1
2998.0
3727.8
41.4
2841.3
4773.2
49.2
2820.2
2275.7
2206.5
48.3
37.3
38.0
37.4
31.6
29.0
21.5
19.1
854.4
310.1
544.3
614.1
267.8
346.3
612.7
272.2
340.5
622.3
278.9
343.4
689.8
294.2
395.6
722.8
279.0
443.8
729.8
312.8
417.0
559.0
323.4
235.6
23.5
Jan - Nov
19.5
0.00
Jan - Aug
425.1
303.2
228.9
228.6
196.2
74.7
VI. STOCK MARKET TRANSACTIONS 37
A. Volume (Total, million shares)
601091 1157830 373007
540824 429566 1056596
1043119
515135
B. Value (Total, P Million)
572634 1338252 763901
994157 1207384 1422591
1771711
2546183
C. Composite Index (Average)
2368
D. Stock Market Capitalization (in P Billion)
E. Price-Earning Ratio 38
7172.8
3424
2622
7962.4 4069.2
14.6
15.5
9.4
2475
3526
4188
5178
6471
6029.1
8866.1
8697.0
10930.1
11931.3
12.6
14.0
15.6
18.0
17.5
Jan - Aug
395992
339652 p
1779631
1340204 p
6590
6590 p
Aug
11296.8 13594.9 p
Aug
17.6
22.0
r
VII. SURVEYS 39
(in percent)
2011
A. Business Confidence Index 40
Q3
34.1
Q4
38.7
Q1
40.5
B. Consumer Confidence Index 41
-18.7
-20.6
-14.7
C. Philippines' Purchasing Managers' Index 42
Jul
57.4
Aug
57.7
Sep
60.1
2012
Q2
Q3
44.5 42.5
-19.5
2013
Oct
62.7
-13.3
Nov
63.3
2013
2014
Q2 Q3
50.7 34.4
Q4
49.5
Q1
41.5
Q2
54.9
Q3
42.8
Q4
52.3
Q1
37.8
-10.4
-11.2
-5.7
-7.9
-21.3
-18.8
-17.3 -26.3
Mar
62.1
2014
Apr
57.2
May
62.9
Jun Jul Aug
59.4 56.8 56.6
Dec
54.0
Jan
58.0
Feb
58.2
VIII.(inPOVERTY
AND SAVINGS INDICATOR
percent)
2013
A.
(inPercentage
percent) of households with savings
43
B. Percentage of households with savings in banks,
43
cooperatives and associations
C. CPI for bottom 30% Income Households
44
in the Philippines (2000=100)
Philippines
(% Change)
Q1
24.5
Q2
22.4
Q3
24.5
Q4
26.2
Q1
28.9
2014
Q2 Q3
30.3 26.9
19.7
16.4
18.2
19.4
21.5
22.4 20.2
135.4
6.6
132.4
6.2
144.8
7.7
139.8
3.2
137.1
3.5
148.7
2.7
159.3
13.9
160.4
17.0
160.0
7.6
167.5
5.1
170.6
6.4
163.2
2.0
173.5
3.6
176.7
3.6
169.7
4.0
182.4
5.1
185.6
5.0
179.0
5.5
187.6
2.8
190.1
2.4
185.5
3.6
194.6
3.7
196.5
3.4
189.4
2.1
142.6
2.7
131.4
3.5
176.0
1.4
157.9
10.7
148.4
12.9
187.5
6.5
162.8
3.1
156.2
5.3
184.2
-1.8
168.2
3.3
Food
(% Change)
Non-food
(% Change)
138.8
7.3
127.0
5.5
173.5
11.6
159.3
2.0
196.7
6.8
175.1
4.1
164.3
3.1
208.9
6.2
178.2
1.8
166.7
1.5
213.2
2.1
AONCR
(Areas Outside of National Capital Region)
(% Change)
Food
(% Change)
Non-food
(% Change)
135.3
6.5
132.5
6.3
144.4
7.7
139.8
3.3
137.2
3.5
148.3
2.7
159.3
13.9
160.6
17.1
159.6
7.6
167.6
5.2
170.9
6.4
162.9
2.1
173.6
3.6
177.0
3.6
169.3
3.9
182.6
5.2
185.9
5.0
178.5
5.4
187.7
2.8
190.4
2.4
185.1
3.7
Food
(% Change)
Non-food
(% Change)
NCR
(National Capital Region)
(% Change)
D. Poverty Incidence (PI), in percent
Philippines (as of 4 July 2014)
45
26.6
26.3
25.2
Jan-Jun
192.0
203.7
3.3
6.1
193.5
2.8
188.1
2.1
207.6
7.2
193.3
2.8
182.2
2.2
170.8
2.5
213.0
-0.1
180.1
2.1
168.4
2.3
212.2
-0.2
189.8
5.4
179.5
6.6
217.5
2.5
194.8
3.8
196.9
3.4
189.0
2.1
192.2
3.3
194.0
194.0
2.9
187.7
2.1
203.9
6.1
208.0
7.2
192.9
2.8
PHILIPPINES
SELECTED ECONOMIC AND FINANCIAL INDICATORS
08-Oct-14
page 7
FOOTNOTES: (cont'd):
1 Data on Real GDP and its components are based on 2000 prices. The use of the terminology Gross National Income (GNI) in place of Gross National Product (GNP)
has been adopted in the revised/rebased Philippine System of National Accounts (PSNA) in accordance with the 1993/1998 System of National Accounts
prescribed by the United Nations.
2 Derived by dividing the peso GNI and GDP at constant 2000 prices by the peso/US$ rate in 2000 of P44.1938
3 Data are derived by dividing nominal per capita GDP/GNI in pesos by the implied Purchasing-Power-Parity (PPP) conversion rate of the International Monetary Fund World Economic Outlook
(IMF WEO) as of April 2014. The GDP-PPP weights are based on benchmark surveys of national prices from 2000 released by the World Bank as part of the United Nation's International Comparison Project.
Data on per capita GDP for 2008-2013 in the IMF WEO may differ slightly from the SEFI figures inasmuch as the latter is based on the revised Philippine Statistics Authority (formerly National Statistical
Coordination Board) numbers on national accounts as of May 2014.
The Philippine Statistics Authority (PSA) revision was due to the change in population data from the 2000 Census of Population and Housing (CPH) projections to the 2010 CPH projections.
4 Gross savings (net national savings plus depreciation) in percent of GNI at current prices; per NSCB. Depreciation is now termed as consumption of fixed capital.
Data on savings from the Revised Rebased NIA is available for 2009 to 2012 only.
5 Prior to 2009, population estimates are based on NSCB population projections using the 2000, 1990 and 1980 Census of Population and Housing. Figures for 2009 - 2011 are based on
the computations of the NSCB and the NSO using the results of the 2000 and 2010 CPH as start and end dates of the reference population.
6 Data are averages for January, April, July and October rounds of Labor Force Survey. Starting with the October 2000 Labor Force Survey results, the National Statistics Office (NSO)
has shifted population projection benchmark in the Labor Force Survey (LFS) data from 1980-based Census of Population to 1995-based Census of Population. Population projection
benchmark for household population 15 years old and over are used to estimate the levels (absolute no. of Labor Force, Employed, Underemployed & Unemployed in the LFS).
Beginning April 2005, unemployment is based on the new definition. Starting January 2007, the population projections based on the 2000 Census of Population was adopted
to generate the labor force statistics.
7 Nominal wage rate refers to basic pay and cost of living allowance (COLA). The figures are as of December of each year. Real wages are nominal wage rates deflated by the 2006 CPI.
8 Depository Corporations Survey (DCS) concept for item numbers 1-7. Beginning 15 November 2006, monetary data series based on the Monetary Survey (MS) concept was
discontinued and replaced by the series based on the DCS concept, the expanded version of the MS concept. The DCS is a consolidation of the balance sheets of the
deposit-generating banks namely the Monetary Authorities (MA) or the BSP and Other Depository Corporations (ODCs) [consisting of universal and commercial banks (UBs & KBs),
thrift banks (TBs), rural banks (RBs), non-stock savings and loan associations (NSSLAs) and non-banks with quasi-banking functions (NBQBs)]. In the process, interbank loans,
deposit transactions and other intrasystem accounts between BSP and ODCs are eliminated, whenever possible.
9 Based on the Standardized Report Forms (SRFs), a unified framework for reporting monetary and financial statistics to the International Monetary Fund (IMF).
10 Expanded Liquidity (M4) is calculated by adding Foreign Currency Deposits (FCDs) of residents to Domestic liquidity (M3).
11 This compilation is based on the new definition of reserve money which involves change in the classification of some accounts and enhanced sectorization of accounts.
12 Data from 2001-2005, derived by multiplying the nominal value by the purchasing power of the peso using CPI 2000=100.
Data from 2006 - present, derived by multiplying the nominal value by the purchasing power of the peso using CPI 2006=100.
13 Other Depository Corporations (ODCs) consist of universal and commercial banks, thrift banks and rural banks. Excludes interbank loans and transactions of local banks' foreign offices;
but includes banks under liquidation for monetary and financial compilation purposes. Starting March 2008, the data covered loans of universal/commercial banks. 2007 data were also
revised for consistency with the new series. However, prior to 2007, the data included, apart from universal/commercial banks, thrift banks and rural banks.
14 For 2006 to 2011, NPL data are based on BSP Circular No. 351 which excludes loans classified as loss for both both Universal and Commercial banks.
prescribed under BSP Circular No. 772. Gross NPL represents the actual level of NPL without any adjustment for loans treated as "loss" and fully provisioned.
Starting January 2013, figures are computed as prescribed under BSP Circular No. 772. Gross NPL represents the actual level of NPL without any adjustment for loans treated as "loss" and
fully provisioned. As a complementary measure to computing gross NPL, banks shall likewise compute their net NPLs, which shall refer to gross NPLs less specific allowance for credit losses
on the total loan portfolio, provided, that such specific allowance for credit losses on the total loan portfolio shall not be deducted from the total loan portfolio. For comparability purposes,
2012 NPL values were computed based on Circular 772.
15 Data for 1990 to present are based on average rates on promissory notes and time deposits charged by sample banks.
16 Averages on date of issue.
17 Real interest rates were derived by deducting CPI inflation rate from the nominal rate. The CPI inflation rate (2006=100) was used.
18 The conceptual framework of the Balance of Payments, 5th Edition (BPM5) was adopted for the Balance of Payments (BOP) data from 1999 - 2004. Beginning 2005, the BOP is based on
the Balance of Payments and International Investment Position Manual, 6th Edition (BPM6). Following the BOP concept, trade in goods exclude consigned raw materials and exports of
manufactures with consigned imported inputs, articles temporarily imported/exported, replacements and returned goods, and aircrafts and vessels purchased under operational lease
agreements. Trade in goods is also adjusted for undercoverage to include fish caught and traded in high seas, aircrafts and vessels purchased under financial lease agreements,
goods procured in ports by carriers, and remittances in kind by overseas Filipinos. The balance or the difference between consigned exports and consigned imports
is recorded in the trade in services account as manufacturing service.
19 Starting 1999, PSA's import data have been adjusted to include valuation adjustment in raw materials imported on consignment basis for electronics and garment exports.
20 Personal remittances is computed as the sum of net compensation of employees, (i.e., gross earnings of overseas Filipino (OF) workers with work contracts of less than one year,
including all sea-based workers, less taxes, social contributions and transportation and travel expenditures in their host countries), personal transfers, (i.e., all current transfers in cash
or in kind by OF workers with work contracts of one year or more as well as other household-to-household transfers between Filipinos who have migrated abroad and their families
in the Philippines) and capital transfers between households (i.e., the provision of resources for capital purposes, such as for the construction of residential houses, between resident
and non-resident households without anything of economic value being supplied in return).
21 Balances in the financial account from 2005 onwards under BPM6 are derived by deducting net incurrence of liabilities from net acquisition of financial assets. Negative balances indicate
net borrowing while positive balances indicate net lending. Prior to 2005, balances are derived by deducting assets from liabilities.
22 Net FDI flows refer to non-residents' net equity capital (i.e., placements less withdrawals) + reinvestment of earnings + net balance of debt instruments (i.e. borrowings less repayments).
Beginning 2005, FDI data are based on BPM6.
23 Net foreign portfolio investments (BOP concept) refer to non-residents' net placements in equity and debt securities issued by residents. Beginning 2005, data are based on BPM6.
24 With the adoption of the Balance of Payments Manual 5th edition (BPM5), the balance of payments (BOP) position corresponds to the change in BSP-NIR that is purely
due to economic transactions, excluding the effects of revaluation of reserve assets and gold monetization. Data for 2010 and 2013 were revised to reflect post-audit adjustments.
25 Includes Reserve Position in the Fund. Figures from 1994 to 2004 were revised to reflect the reclassification of released collaterals on Brady Bonds from non-IR to
IR-eligible assets of the BSP. This is in line with the treatment of foreign investments under R.A. 7653 (New Central Bank Act), which allows investments in securities
even for maturities over 5 years to be included as part of the GIR.
26 Starting 2005, computation of GIR import cover is based on the IMF's Balance of Payments and International Investment Position Manual, 6th Edition (BPM6).
Prior to 2005, computation was based on Balance of Payments Manual, 5th Edition (BPM5).
27 Data reflect revised denominator using end-month outstanding short-term external debt (with a two-month lag), except for months
that are not end of quarter where outstanding short-term external debt by banks are not yet available.
28 This refers to adequacy of reserves to cover outstanding short-term external debt based on original maturity plus principal payments on medium- and long-term loans of the
public and private sectors falling due in the next 12 months. Figures were revised to reflect data based on debt service schedule on debt outstanding
as of 31 December 2013, debt service burden and outstanding short-term loan of non-banks as of 31 March 2014.
29 Covers BSP approved/registered debt owed to non-residents, with classification by borrower based on primary obligor per covering loan/rescheduling agreement/document.
30 Based on the April 2014 Update of the World Economic Outook of the International Monetary Fund (IMF).
PHILIPPINES
SELECTED ECONOMIC AND FINANCIAL INDICATORS
08-Oct-14
page 8
FOOTNOTES (cont'd):
31 Using the chained geometric method and a basket of currencies of major trading partners of the Philippines - United States, Euro Area, Japan, Australia, China, Singapore, South Korea,
32
33
34
35
36
37
38
39
40
41
42
43
44
45
Hong Kong, Malaysia, Taiwan, Indonesia, Saudi Arabia, United Arab Emirates, and Thailand, and baskets for Advanced Countries (United States, Euro Area, Japan and Australia)
and Developing Countries (China, Singapore, South Korea, Hong Kong, Malaysia, Taiwan, Indonesia, Saudi Arabia, United Arab Emirates, and Thailand). Reference period is at 1980 = 100.
Breakdown on expenditures not available starting 2002.
Ratio computed based on the absolute value of the NG deficit. Positive ratio of either/both net domestic borrowings or/and foreign borrowings mean contributing to financing the deficit.
Negative ratio of domestic borrowings (foreign borrowings) means either or both foreign loans (domestic loans) and withdrawals from cash balance financed the payments of domestic
borrowings (foreign borrowings).
Based on the compilation by the Department of Finance (DOF).
Based on the compilation by the Bureau of the Treasury; foreign debt refers to foreign currency denominated debt. Data as of end-period.
The consolidated public sector comprises the general government sector, nonfinancial public corporations, and financial public corporations, after elimination of intra-debt
holdings among these sectors. Following international standards, as recommended by the IMF's Government Finance Statistics Manual 2001, the government has made
revisions to the official debt data. Data as of end-period.
All figures are as of end-period, unless otherwise indicated.
Computed as the share-price divided by earnings per share.
The business and consumer Confidence Indices were computed based from the quarterly Business Expectations Survey (BES) and Consumer Expectations Survey (CES)
being conducted by the BSP. Meanwhile, the purchasing managers' index is generated by the Philippine Institute for Supply Management (PISM).
The Business Confidence Index (CI) represents the overall business outlook of firms belonging to the SEC's Top 7000 Corporations of the Philippines. The index
is computed as the percentage of firms with "improving" business outlook less the percentage of firms with "deteriorating" business outlook.
The Consumer Confidence Index (CI) represents the overall economic outlook of consumers across three indicators: economic conditions, family financial situation and family income.
The index is computed as the average percentage of households with "improving" outlook less the percentage of households with "deteriorating" outlook.
The Purchasing Managers' Index Philippines (PMI) is based on monthly interviews of purchasing and supply managers from top manufacturing, services and wholesale and retail trade
firms about the current market conditions. The overall index represents the weighted average of PMI across these sectors. An index above 50 indicates expansion,
and an index below 50 implies a contraction.
Based on the results of the Consumer Expectations Survey.
CPI for the bottom 30% income households measures the composite change over time of the retail prices of goods and services commonly purchased by households in this income
category and provides a more appropriate deflator of income and inflator of food prices and other basic commodities for the lower-income group.
The proportion of families/individuals with per capita income/expenditure less than the per capita poverty threshold to the total number of families/individuals,
i.e., P=(Q/n)*100 where Q=number of families/individuals with per capita annual income/expenditures less than the per capita poverty threshold (the minimum
income/expenditure required for a family/individual to meet the basic food and non-food requirements).
LEGEND
a Per PSA* foreign trade statistics.
b Data covers only 1-16 September 2014, as per BSP Circular No. 846 where the generation and publication of MRR rates will be discontinued effective 17 September 2014.
r
p Preliminary
***
.. Not available
n.c. Not computed
E
Revised to reflect data updates, post-audit adjustments or
Estimate
change in data source / methodology
* Based on deployment report from NAIA terminal fee counters consolidated by POEA Labor Assistance Center
Note: Annual percent changes were computed based on values in millions.
Sources of Basic Data: Philippine Statistics Authority (PSA)*, National Wages and Productivity Commission (NWPC), Department of Labor &
Employment (DOLE), Department of Finance (DOF), Bureau of Treasury (BTr), Bangko Sentral ng Pilipinas (BSP) and Philippine Stock Exchange (PSE).
* Republic Act No. 10625 (RA10625) signed on 12 September 2013 mandated the reorganization of the Philippine Statistical System (PSS) and the creation of the Philippine Statistics
Authority (PSA) which merged the major statistical agencies engaged in primary data collection and compilation of secondary data, namely:National Statistics Office (NSO), National
Statistical Coordination Board (NSCB), Bureau of Agricultural Statistics (BAS), and Bureau of Labor and Employment Statistics (BLES)