GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. Consumer prices increased a 0.49% in June over the previous month, a larger rise than the 0.08% increase logged in May and the sharpest increase seen since January. According to the In developing countries, on the other hand, the difference might be significant due to a large amount of foreign aid and capital inflow.
Featured analysis. Philippines gnp for was $0.00B, a 100% decline from 2019.
Economy 5 years of Philippines economic forecasts for more than 30 economic indicators.Get a sample report showing our regional, country and commodities data and analysis.
Most of the following statistics are sourced from the International Monetary Fund – Philippines (as of 2012; figures are in US dollars unless otherwise indicated). Other Philippine cities in the top 100 were 9th-ranked Cebu City, and Iloilo City on the 72nd place. The Gross Domestic Product (GDP) in Philippines was worth 376.80 billion US dollars in 2019, according to official data from the World Bank.
- … GDP in Philippines averaged 89.19 USD Billion from 1960 until 2019, reaching an all time high of 376.80 USD Billion in 2019 and a record low of 4.40 USD Billion in 1962. The Philippines has been one of the fastest-growing economies in South-east Asia, we expect the economy to rebound once the worst of the outbreak is over.
This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). Constant Prices, SA As the graph below shows, over the past 58 years this indicator reached a maximum value of 163,393.20 in 2018 and a minimum value of 514.06 in 1960. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Looking forward, we estimate Gross National Product in Philippines to stand at 5554119.00 in 12 months time. Philippines Economic Growth Plunging remittances, evaporated tourism and foreign demand, a weak labor market and business closures in the wake of the pandemic are seen causing GDP to plunge this year, after eight years of growth above 6.0%. In 2016, the GNI Total domestic and foreign economic output claimed by residents of a countryTodaro, M. P., & Smith, S. C. (2011).
This coming January 29 th, the Philippine Statistics Authority (PSA) will release estimates of the fourth quarter economic performance, as well as for the whole of 2014. That said, a ramp-up in fiscal and monetary stimulus should cushion the downturn somewhat. Philippine Classification of Individual Consumption According to Purpose (PCOICOP) Philippine Standard Classification of Education (PSCEd) Philippine Standard Commodity Classification (PSCC) Philippine Central Product Classification (PCPC) Philippine Standard Industrial Classification (PSIC) The Philippines has a steadily growing economy, with a gross domestic product (GDP) that reached over 1,027.19 billion international dollars in 2019.
The GDP value of Philippines represents 0.31 percent of the world economy. At its 25 June monetary policy meeting, the Central Bank of the Philippines (BSP) decided to cut the overnight reverse repurchase facility (RRP) by another 50 basis points to 2.25% from 2.75%. The average real per capita GDP of the Philippines grew by 4.6 percent in 2018. GDP per capita (current LCU) The value for GDP per capita (current LCU) in Philippines was 163,393.20 as of 2018.
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