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Economic Indicators UK & Philippines

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We present here a comparison of the economic indicators of both the UK and The Philippines.  Comparable statistics are presented side by side to make comparison easier between the two countries.

For other information on the Philippines, the Lonely Planet Guide provides tourist and other information. Click on the photo on the right.

United Kingdom

 I

 

The Phillipines

Overview

Last Reference Previous Range Frequency  I

 

Last Reference Previous Range Frequency
GDP Growth Rate 0.50% Dec-17 0.4 -2.7 : 5 Quarterly  I 1.50% Dec-17 1.7 -2.3 : 3.4 Quarterly
Unemployment Rate 4.30% Nov-17 4.3 3.4 : 12 Monthly  I 5% Dec-17 5.6 4.7 : 13.9 Quarterly
Inflation Rate 3% Jan-18 3 -0.1 : 8.5 Monthly  I 4% Jan-18 3.3 -2.1 : 62.8 Monthly
Interest Rate 0.50% Feb-18 0.5 0.25 : 17 Daily  I 3% Feb-18 3 03:56.6 Daily
Balance of Trade -4896 GBP Million Dec/17 -3652 -6225 : 2946 Monthly  I -4016560 USD Thousand Dec/17 -384500 -4016560 : 1144700 Monthly
Government Debt to GDP 89.30% Dec-16 89 31.3 : 89.3 Yearly  I 42.10% Dec-16 45.05 42.1 : 74.9 Yearly

Markets

Last Reference Previous Range Frequency  I Last Reference Previous Range Frequency
Currency 1.4 Feb-18 1.4 1.05 : 2.86 Daily  I 52.29 Feb-18 52.2 37.84 : 56.34 Daily
Stock Market 7237 points Feb-18 7245 428 : 7779 Daily  I 8698 points Feb-18 8710 130 : 9059 Daily
Government Bond 10Y 1.62% Feb-18 1.6 0.52 : 16.09 Daily  I 6.70% Feb-18 6.71 3.04 : 16.4 Daily

GDP

Last Reference Previous Range Frequency  I Last Reference Previous Range Frequency
GDP Growth Rate 0.50% Dec-17 0.4 -2.7 : 5 Quarterly  I 1.50% Dec-17 1.7 -2.3 : 3.4 Quarterly
GDP Annual Growth Rate 1.50% Dec-17 1.7 -5.9 : 9.7 Quarterly  I 6.60% Dec-17 7 -11.1 : 12.4 Quarterly
GDP 2648 USD Billion Dec-16 2886 72.33 : 3074 Yearly  I 305 USD Billion Dec-16 293 4.4 : 305 Yearly
GDP Constant Prices 493158 GBP Million Dec-17 490704 109967 : 493158 Quarterly  I 2219148 PHP Million Dec-17 2185784 825496 : 2219148 Quarterly
Gross National Product 498854 GBP Million Sep-17 493706 4755 : 498854 Quarterly  I 2656022 PHP Million Dec-17 2617501 944320 : 2656022 Quarterly
Gross Fixed Capital Formation 82349 GBP Million Sep-17 82142 13824 : 82349 Quarterly  I 681597 PHP Million Dec-17 599595 163358 : 681597 Quarterly
GDP per capita 41603 USD Dec-16 41184 13869 : 41603 Yearly  I 2753 USD Dec-16 2616 1059 : 2753 Yearly
GDP per capita PPP 38901 USD Dec-16 38509 26388 : 38901 Yearly  I 7236 USD Dec-16 6875 3797 : 7236 Yearly
GDP From Agriculture 2633 GBP Million Dec-17 2644 2041 : 2851 Quarterly  I 179807 PHP Million Dec-17 133922 114778 : 179807 Quarterly
GDP From Construction 27557 GBP Million Dec-17 27832 19565 : 28049 Quarterly  I 226644 PHP Million Dec-17 204224 85503 : 241419 Quarterly
GDP From Manufacturing 44567 GBP Million Dec-17 44007 38738 : 45025 Quarterly  I 583093 PHP Million Dec-17 470822 252377 : 583093 Quarterly
GDP From Mining 5083 GBP Million Dec-17 5286 4478 : 11610 Quarterly  I 18340 PHP Million Dec-17 17104 10394 : 30307 Quarterly
GDP From Public Administration 19756 GBP Million Dec-17 19729 19467 : 22885 Quarterly  I 92826 PHP Million Dec-17 81979 43289 : 94740 Quarterly
GDP From Services 350470 GBP Million Dec-17 348492 175893 : 350470 Quarterly  I 1310106 PHP Million Dec-17 1229524 675417 : 1310106 Quarterly
GDP From Transport 19227 GBP Million Dec-17 19039 9851 : 19553 Quarterly  I 63877 PHP Million Dec-17 57803 34828 : 76037 Quarterly
GDP From Utilities  I 68548 PHP Million Dec-17 78746 42117 : 78746 Quarterly

Labour Costs

Last Reference Previous Range Frequency  I Last Reference Previous Range Frequency
Unemployment Rate 4.30% Nov-17 4.3 3.4 : 12 Monthly  I 5% Dec-17 5.6 4.7 : 13.9 Quarterly
Employed Persons 32207 Thousand Oct-17 32080 23630 : 32207 Monthly  I 41551 Thousand Dec-17 40170 18567 : 41664 Quarterly
Unemployed Persons 832 Thousand Dec-17 824 423 : 3090 Monthly  I 2188 Thousand Dec-17 2373 1720 : 4989 Quarterly
Full Time Employment 23654 Thousand Oct-17 23540 19136 : 23654 Monthly  I
Part Time Employment 8553 Thousand Oct-17 8539 5995 : 8583 Monthly  I
Claimant Count Change 8.6 Thousand Dec-17 12.2 -98.5 : 143 Monthly  I
Employment Rate 75.30% Oct-17 75.1 65.6 : 75.3 Monthly  I 95% Dec-17 94.4 85.6 : 95.3 Quarterly
Labor Force Participation Rate 78.80% Oct-17 78.5 74.1 : 78.8 Monthly  I 62.10% Dec-17 60.6 60.6 : 71.5 Quarterly
Long Term Unemployment Rate 1.20% Sep-17 1.1 0.9 : 4.3 Quarterly  I
Youth Unemployment Rate 12.20% Oct-17 12 9.7 : 22.3 Monthly  I
Labour Costs 105 Index Points Sep-17 105 20.8 : 105 Quarterly  I
Productivity 101 Index Points Sep-17 100 43.7 : 101 Quarterly  I
Job Vacancies 810 Thousand Nov-17 798 432 : 810 Monthly  I
Wages 511 GBP/Week Nov-17 510 300 : 511 Monthly  I 8990 PHP/Month Dec-16 8280 5798 : 8990 Yearly
Minimum Wages 7.5 GBP/Hour Apr-17 7.2 5.05 : 7.5 Yearly  I
Wage Growth 2.50% Nov-17 2.5 -2.6 : 6.6 Monthly  I
Wages in Manufacturing 596 GBP/Week Nov-17 595 356 : 596 Monthly  I 1731 Index Points Sep-17 1616 639 : 1731 Quarterly
Population 65.81 Million Dec-17 65.38 52.2 : 65.81 Yearly  I 104 Million Dec-16 102 26.27 : 104 Yearly
Retirement Age Women 63.5 Dec-17 63 60 : 63.5 Yearly  I
Retirement Age Men 65 Dec-17 65 65 : 65 Yearly  I
Average Weekly Hours 31.9 Hours Oct-17 32 31.3 : 33.5 Monthly  I
Employment Change 102 Thousand Oct-17 -56 -279 : 307 Monthly  I
Living Wage Family 1280 GBP/Month Dec-17 1220 1170 : 1280 yearly  I
Living Wage Individual 970 GBP/Month Dec-17 920 840 : 970 yearly  I
Wages High Skilled 2210 GBP/Month Dec-17 2110 2110 : 2210 yearly  I
Wages Low Skilled 1330 GBP/Month Dec-17 1280 1220 : 1330 yearly  I

Prices

Last Reference Previous Range Frequency  I Last Reference Previous Range Frequency
Inflation Rate 3% Jan-18 3 -0.1 : 8.5 Monthly  I 4% Jan-18 3.3 -2.1 : 62.8 Monthly
Inflation Rate Mom -0.50% Jan-18 0.4 -0.94 : 3.37 Monthly  I 1% Jan-18 0.3 -4.6 : 9 Monthly
Consumer Price Index CPI 104 Index Points Jan-18 105 48.4 : 105 Monthly  I 153 Index Points Jan-18 151 1.3 : 153 Monthly
Harmonised Consumer Prices 104 Index Points Jan-18 105 48.4 : 105 Monthly  I
Core Consumer Prices 104 Index Points Jan-18 105 72.9 : 105 Monthly  I 148 Index Points Jan-18 146 75.2 : 148 Monthly
Core Inflation Rate 2.70% Jan-18 2.5 -0.1 : 3.7 Monthly  I 3.90% Jan-18 3 1.4 : 7.25 Monthly
GDP Deflator 104 Index Points Sep-17 104 4.3 : 104 Quarterly  I 190 Index Points Dec-17 182 12.87 : 190 Quarterly
Producer Prices Change 2.80% Jan-18 3.3 -1.9 : 27.8 Monthly  I -1.80% Dec-17 -1.1 -10 : 17.5 Monthly
Export Prices 113 Index Points Dec-17 114 12.2 : 114 Monthly  I 109 Price Index Dec-17 92.2 8.57 : 134 Quarterly
Import Prices 111 Index Points Dec-17 112 0.577777778 Monthly  I 117 Price Index Dec-17 110 11.46 : 138 Quarterly
Food Inflation 3.70% Jan-18 3.9 -3.3 : 13 Monthly  I 4.50% Jan-18 3.5 -0.78 : 17.29 Monthly
CPI Housing Utilities 103 Index Points Jan-18 103 31.7 : 103 Monthly  I 135 Index Points Jan-18 135 43.6 : 135 Monthly
CPI Transportation 106 Index Points Jan-18 108 40.4 : 108 Monthly  I 135 Index Points Jan-18 132 35.1 : 135 Monthly
Inflation Expectations 2.90% Dec-17 2.8 1.5 : 4.4 Quarterly  I
Producer Prices 112 Index Points Jan-18 112 8.1 : 112 Monthly  I 131 Index Points Dec-17 131 81.1 : 181 Monthly

Money

Last Reference Previous Range Frequency  I Last Reference Previous Range Frequency
Interest Rate 0.50% Feb-18 0.5 0.25 : 17 Daily  I 3% Feb-18 3 03:56.6 Daily
Interbank Rate 0.54% Feb-18 0.54 0.28 : 15.63 Daily  I
Money Supply M0 82115 GBP Million Jan-18 81892 3529 : 82561 Monthly  I 1063043 PHP Million Dec-17 961103 1918 : 1063043 Monthly
Money Supply M1 1708160 GBP Million Dec-17 1703479 82315 : 1708160 Monthly  I 3556886 PHP Million Dec-17 3446508 14600 : 3556886 Monthly
Money Supply M2 2347170 GBP Million Dec-17 2349357 167436 : 2349357 Monthly  I 10215773 PHP Million Dec-17 9938108 44456 : 10215773 Monthly
Money Supply M3 2814773 GBP Million Dec-17 2806388 263025 : 2814773 Monthly  I 10641734 PHP Million Dec-17 10351566 56544 : 10641734 Monthly
Banks Balance Sheet 3813163 GBP Million Dec-17 3839502 3342179 : 4060273 Monthly  I 1115 PHP Billion Nov-17 1104 460 : 1189 Monthly
Central Bank Balance Sheet 575645 GBP Million Feb-18 571820 76991 : 575645 Weekly  I 4601 PHP Billion Nov-17 4729 480 : 4761 Monthly
Foreign Exchange Reserves 164278 USD Million Jan-18 158550 35190 : 164278 Monthly  I 81200 USD Million Jan-18 81470 44.07 : 86139 Monthly
Loans to Private Sector 2381400 GBP Million Dec-17 2376447 8755 : 2813118 Quarterly  I 6384186 PHP Million Dec-17 6154286 3584899 : 6384186 Monthly
Deposit Interest Rate 0.25% Jan-18 0.25 00:04.3 Monthly  I 2.50% Feb-18 2.5 2.5 : 2.5 Monthly
Lending Rate 0.75% Jan-18 0.75 0.5 : 4.75 Monthly  I 3.50% Feb-18 3.5 3.5 : 45 Monthly
Private Debt to GDP 231% Dec-16 225 153 : 241 Yearly  I
Loans To Banks  I 243038 PHP Million Dec-17 235671 132599 : 287769 Monthly

Trade

Last Reference Previous Range Frequency  I Last Reference Previous Range Frequency
Balance of Trade -4896 GBP Million Dec/17 -3652 -6225 : 2946 Monthly  I -4016560 USD Thousand Dec/17 -384500 -4016560 : 1144700 Monthly
Exports 52119 GBP Million Dec-17 51695 962 : 52807 Monthly  I 4721110 USD Thousand Dec-17 5018000 23000 : 5931591 Monthly
Imports 57015 GBP Million Dec-17 55347 1031 : 57015 Monthly  I 8737670 USD Thousand Dec-17 8863000 37084 : 8863000 Monthly
Current Account -22784 GBP Million Sep/17 -25821 -33681 : 2657 Quarterly  I 130 USD Million Sep-17 108 -1179 : 1811 Monthly
Current Account to GDP -4.40% Dec-16 -4.3 -4.7 : 2.6 Yearly  I 0.20% Dec-16 2.5 -7.7 : 5.8 Yearly
External Debt 6218711 GBP Million Sep-17 6138780 565439 : 6428718 Quarterly  I 76622 USD Million Dec-16 77474 20893 : 79949 Yearly
Terms of Trade 102 Index Points Dec-17 101 80.1 : 108 Monthly  I
Capital Flows 16333 GBP Million Sep-17 25932 -15043 : 42878 Quarterly  I 12.95 USD Million Sep-17 11.31 -35.31 : 93.66 Monthly
Foreign Direct Investment 9488 GBP Million Sep-17 4151 -44536 : 82539 Quarterly  I 43018 PHP Million Sep-17 18161 3959 : 230215 Quarterly
Gold Reserves 310 Tonnes Dec-17 310 310 : 588 Quarterly  I 196 Tonnes Dec-17 196 127 : 274 Quarterly
Crude Oil Production 884 BBL/D/1K Sep-17 832 2.000694444 Monthly  I 15 BBL/D/1K Mar-17 15 0.8 : 38 Monthly
Terrorism Index 5.1 Dec-16 5.08 4.19 : 5.68 Yearly  I 7.13 Dec-16 7.1 5.78 : 7.27 Yearly
Tourism Revenues 1910 GBP Million Oct-17 2270 126 : 2800 Monthly  I
Tourist Arrivals 3140 Thousand Oct-17 3090 540 : 4020 Monthly  I 613372 Dec-17 533226 63628 : 631639 Monthly
Weapons Sales 1393 USD Million Dec-16 1139 744 : 6069 Yearly  I
Remittances  I 2741425 USD Thousand Dec-17 2260000 64208 : 2741425 Monthly

Government

Last Reference Previous Range Frequency  I Last Reference Previous Range Frequency
Government Debt to GDP 89.30% Dec-16 89 31.3 : 89.3 Yearly  I 42.10% Dec-16 45.05 42.1 : 74.9 Yearly
Government Budget -3 % of GDP Dec/16 -4.3 -10.2 : 1.1 Yearly  I -2.4 % of GDP Dec/16 -0.9 -5.3 : 1 Yearly
Government Budget Value 702 GBP Million Dec-17 -4882 -15409 : 17509 Monthly  I -8600 PHP Million Nov/17 -21800 -118229 : 80852 Monthly
Government Spending 91509 GBP Million Sep-17 91717 31633 : 91717 Quarterly  I 214326 PHP Million Dec-17 217820 62728 : 272461 Quarterly
Government Spending to GDP 42.10% Dec-16 42.9 35.7 : 51.2 Yearly  I
Government Debt -979 GBP Million Dec/17 -6645 -20054 : 13179 Monthly  I
Asylum Applications 3070 persons Oct-17 2835 1655 : 5040 Monthly  I
Credit Rating 94.83 : Monthly  I 53.12 : Monthly
Government Revenues 56253 GBP Million Dec-17 54164 17298 : 74377 Monthly  I 243492 PHP Million Nov-17 205068 81 : 246633 Monthly
Military Expenditure 54217 USD Million Dec-16 53862 30315 : 65610 Yearly  I 3990 USD Million Dec-16 3336 556 : 3990 Yearly
Fiscal Expenditure  I 252115 PHP Million Nov-17 226868 107 : 283555 Monthly

Business Confidence

Last Reference Previous Range Frequency  I Last Reference Previous Range Frequency
Business Confidence 13 Index Points Mar-18 -11 -75 : 55 Quarterly  I 43.3 Index Points Dec-17 37.9 -32.6 : 54.9 Quarterly
Manufacturing PMI 55.3 Jan-18 56.2 34.4 : 61.5 Monthly  I 51.7 Jan-18 54.2 50.6 : 57.5 Monthly
Services PMI 53 Index Points Jan-18 54.2 40.1 : 62.5 Monthly  I
Industrial Production 0% Dec-17 2.6 -11.9 : 22.6 Monthly  I -10.30% Dec-17 -9.3 -26.6 : 68.6 Monthly
Industrial Production Mom -1.30% Dec-17 0.3 -7.9 : 9.8 Monthly  I
Manufacturing Production 1.40% Dec-17 3.8 -16.9 : 19.6 Monthly  I
Capacity Utilization 81.20% Mar-18 84.7 39:25.2 Quarterly  I 83.95% Dec-17 83.95 74.3 : 83.95 Monthly
Factory Orders 14 Net Balance Jan-18 17 -79 : 21 Monthly  I
New Orders 16699 GBP Million Sep-17 11781 9381 : 25109 Quarterly  I
Changes in Inventories -1409 GBP Million Sep/17 -1862 -11256 : 11457 Quarterly  I 12180 PHP Million Dec-17 -10226 -83620 : 92124 Quarterly
Bankruptcies 4382 Companies Dec-17 4083 924 : 6509 Quarterly  I
Corporate Profits 108691 GBP Million Sep-17 107327 1024 : 108691 Quarterly  I
Zew Economic Sentiment Index -41.1 Jan-18 -42.9 -77.2 : 61 Monthly  I
Car Production 100605 Units Dec-17 161490 43773 : 185157 Monthly  I
Car Registrations 163615 Jan-18 152473 33051 : 562337 Monthly  I 14182 Dec-17 11901 993 : 14182 Monthly
Small Business Sentiment 23 Mar-18 -4 -69 : 40 Quarterly  I
Internet Speed 16921 KBps Mar-17 16337 3086 : 16921 Quarterly  I 5451 KBps Mar-17 4527 796 : 5451 Quarterly
IP Addresses 27493519 IP Mar-17 26782989 13305856 : 27493519 Quarterly  I 1536948 IP Mar-17 1536732 477194 : 1536948 Quarterly
Competitiveness Index 5.51 Points Dec-18 5.49 5.18 : 5.56 Yearly  I 4.35 Points Dec-18 4.36 3.9 : 4.39 Yearly
Competitiveness Rank 8 Dec-18 7 02:13 Yearly  I 56 Dec-18 57 47 : 87 Yearly
Composite Pmi 53.5 Jan-18 54.9 47.4 : 61.8 Monthly  I
Corruption Index 81 Points Dec-16 81 74 : 87 Yearly  I 35 Points Dec-16 35 23:38 Yearly
Corruption Rank 10 Dec-16 10 10:20 Yearly  I 101 Dec-16 95 36 : 141 Yearly
Ease of Doing Business 7 Dec-17 7 05:11 Yearly  I 113 Dec-17 99 97 : 144 Yearly
Electricity Production 26344 Gigawatt-hour Oct-17 24007 16152 : 38520 Monthly  I
Mining Production -14.30% Dec-17 5.1 -90.5 : 853 Monthly  I
Private Investment 0.50% Sep-17 0.5 -33.8 : 64.5 Quarterly  I
Steel Production 657 Thousand Tonnes Dec-17 594 131 : 2848 Monthly  I

Consumer

Last Reference Previous Range Frequency  I Last Reference Previous Range Frequency
Consumer Confidence -9 Index Points Jan/18 -13 -39 : 10 Monthly  I 9.5 Index Points Dec-17 10.2 -52.8 : 13.1 Quarterly
Retail Sales MoM 0.10% Jan-18 -1.4 -3.7 : 3.1 Monthly  I 0.60% Dec-17 0.1 -2.51 : 14.43 Monthly
Retail Sales YoY 1.60% Jan-18 1.5 -4 : 9 Monthly  I 2.50% Dec-17 2.4 -3.13 : 79.5 Monthly
Consumer Spending 323830 GBP Million Sep-17 322412 67971 : 323830 Quarterly  I 1522475 PHP Million Dec-17 1498199 581662 : 1522475 Quarterly
Disposable Personal Income 332445 GBP Million Sep-17 332889 65733 : 334607 Quarterly  I
Personal Savings 5.50% Sep-17 6.2 -0.9 : 15.5 Quarterly  I 4406418 Million PHP Dec-17 4331487 1124351 : 4406418 Monthly
Bank Lending Rate 1.50% Feb-18 1.5 1.25 : 18 Monthly  I 5.61% Sep-17 5.68 5.09 : 39.73 Monthly
Consumer Credit 1520 GBP Million Dec-17 1497 -1180 : 2227 Monthly  I 272 PHP Billion Sep-17 264 76 : 272 Quarterly
Gasoline Prices 1.74 USD/Liter Jan-18 1.63 0.92 : 2.22 Monthly  I 1 USD/Liter Jan-18 0.99 0.34 : 1.29 Monthly
Households Debt To Gdp 87.2 % of GDP Jun-17 88 29.2 : 97.1 Quarterly  I
Households Debt To Income 126% Dec-16 124 101 : 137 Yearly  I

Housing

Last Reference Previous Range Frequency  I Last Reference Previous Range Frequency
Housing Starts 41820 Sep-17 42480 16420 : 69520 Quarterly  I
Construction Output -0.20% Dec-17 0.8 -19.2 : 24 Monthly  I
Housing Index 723 Index Points Jan-18 727 96.1 : 733 Monthly  I 9579 PHP/SQ. METRE Sep-17 9745 4889 : 12131 Quarterly
Mortgage Approvals 61.04 Thousand Dec-17 64.71 26.71 : 152 Monthly  I
Construction Orders 25.50% Sep-17 -12.5 -43.9 : 37.4 Quarterly  I
Construction Pmi 50.2 Jan-18 52.2 27.8 : 64.6 Monthly  I
Home Ownership Rate 63.40% Dec-16 63.5 63.4 : 73.3 yearly  I
Mortgage Applications 36115 Units Dec-17 39007 17083 : 93397 Monthly  I
Building Permits  I 36076 Sep-17 35983 16129 : 39635 Quarterly

Taxes

Last Reference Previous Range Frequency  I Last Reference Previous Range Frequency
Corporate Tax Rate 19% Dec-18 19 19:52 Yearly  I 30% Dec-18 30 30:35:00 Yearly
Personal Income Tax Rate 45% Dec-18 45 40:50:00 Yearly  I 35% Dec-18 32 32:35:00 Yearly
Sales Tax Rate 20% Dec-18 20 08:20 Yearly  I 12% Dec-18 12 10:12 Yearly
Social Security Rate 25.80% Dec-18 25.8 09:25.8 Yearly  I 11.36% Dec-18 11.36 9.63 : 11.36 Yearly
Social Security Rate For Companies 13.80% Dec-18 13.8 10.2 : 13.8 Yearly  I 7.67% Dec-18 7.67 6.24 : 7.67 Yearly
Social Security Rate For Employees 12% Dec-18 12 7.75 : 12 Yearly  I 3.69% Dec-18 3.69 3.39 : 3.69 Yearly

Climate

Last Reference Previous Range Frequency  I Last Reference Previous Range Frequency
Precipitation 225 mm Dec-15 186 11.23 : 233 Monthly  I 244 mm Dec-15 163 18.23 : 510 Monthly
Temperature 6.92 celsius Dec-15 8.21 -1.47 : 17.29 Monthly  I 25.79 celsius Dec-15 26.25 22.98 : 29.16 Monthly

 

 

Figures come from a number of sources and are displayed on tradingeconomics.com.

Latest Update February 2018.