CFI Data on Philippines
We offer a data-driven country report for Philippines that explores inter alia population, international trading relationships, energy consumption, GDP growth, current account balances, and R&D investment. Additionally, CFI quotes from the Big Mac Index (courtesy of The Economist) which gives a rough idea of purchasing power parity. Other authoritative sources include The United Nations Conference on Trade and Development, The World Bank, and The International Money Fund. Visit us regularly for updates and new sources of key economic information on Philippines.
Trade agreement information for Philippines
Does Philippines belong to any economic unions or free trade areas?
Member of the Association of Southeast Asian Nations (ASEAN) since 08/08/1967
Other members:
Brunei Darussalam, Cambodia, Indonesia, Lao People's Dem. Rep., Malaysia, Myanmar, Singapore, Thailand, Vietnam
Which trade deals does Philippines have through its membership of the ASEAN?
ASEAN - Japan Comprehensive Economic Partnership (from 01/12/2008)
ASEAN - Australia - New Zealand Free Trade Area (from 01/01/2010)
ASEAN - China Free Trade Area (from 01/01/2010)
ASEAN - India Free Trade Area (from 01/01/2010)
ASEAN - Korea Free Trade Area (from 01/01/2010)
What bilateral trade deals are there between Philippines and other countries and economic unions?
Protocol on Trade Negotiations (from 11/02/1973)
Japan - Philippines free trade agreement (from 11/12/2008)
EFTA - Philippines Free Trade Agreement (from 01/06/2018)
Implementation dates might vary according to the date of the United Kindom's exit from the European UnionTrade between Philippines and the United Kingdom
Source: UK Office for National Statistics, October 2019.
Contains public sector information licensed under the Open Government Licence v3.0.
Its population in 2018 was 106,512,074 [1]
In 2015, 27.45% of its total energy
consumption was renewable [2]
In 2018, its GDP grew by 6.24% [2]
In 2018 it had a negative Current
Account Balance of US$bn5.01 [3]
Its unemployment rate in 2018 was 5.45% [3]
Its Expenditure on R&D (as a percentage of
GDP) in 2013 was 0.14% [2]
A Big Mac will set you back the
local equivalent of US$2.67 [4]
Data sources