At a recent meeting of the PBBC with the British Embassy in Manila, we were presented with statistics of the latest economy and trade with the UK. Economy Metric 2019(year end) 2020(year end) 2021(Forecast) GDP Growth 5.9% -9.5% 6.5% to &.5% Headline Inflation Rate 2.5% 2.6% 2% to 4% Unemployment Rate 5.3% 8.7% 7% to …
Category: economic performance
Feb 17
Philippines Economy February 2020 Update
The Philippines’ GDP posted a year-on-year growth of 6.4 per cent in the fourth quarter of last year, resulting in 5.9 per cent full-year growth for 2019. The main drivers for growth in the fourth quarter were the trade and repair of motor vehicles, motorcycles, and personal and household goods as well as manufacturing and …
Oct 15
Philippines Merchandise Trade 2014 – 2018
PH Merchandise Trade (in US$M) 2014-2018 with the UK 2014 2015 2016 2017 2018 Exports 460.73 499.59 501.06 522.21 534.89 Imports 385.62 398.66 509.18 521.61 685.10 Total Trade 846.35 898.25 1,010.24 1,043.81 1,219.99 Balance of Trade 75.11 100.93 (8.12) 0.60 (150.21) Sources: DTI-Tradeline Philippines[1] • The compounded annual growth rate (CAGR) of the PH …
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