Philippines 2016
Detailed economic analysis and indicators for 2016
Key Economic Indicators (2016)
GDP (Current USD)
$318.63 billion
↑ 3.97% vs 2015GDP per Capita
$2,985.20
↑ 2.59% vs 2015GDP Growth (Annual %)
7.15%
↑ 0.80pp vs 2015Inflation Rate (CPI %)
1.25%
↑ 0.58pp vs 2015Year-over-Year Comparison
| Indicator | 2015 | 2016 | Change |
|---|---|---|---|
| GDP (Current USD) | $306.45 billion | $318.63 billion | +3.97% |
| GDP per Capita | $2,909.86 | $2,985.20 | +2.59% |
| GDP Growth (Annual %) | 6.35% | 7.15% | +0.80pp |
| Inflation (CPI %) | 0.67% | 1.25% | +0.58pp |
| Unemployment Rate (%) | 3.07% | 2.70% | -0.37pp |
All Economic Indicators (2016)
National Accounts
- GDP (Current USD)
- $318.63 billion
- GDP per Capita
- $2,985.20
- GDP Growth (Annual %)
- 7.15%
- Gross National Income
- $354.01 billion
Prices & Employment
- Inflation (CPI %)
- 1.25%
- Inflation (GDP Deflator %)
- 1.28%
- Unemployment Rate (%)
- 2.70%
- Interest Rate (Real %)
- 4.31%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -0.38%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2016, Philippines's Gross Domestic Product (GDP) is $318.63 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Philippines for 2016 is $2,985.20. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Philippines for 2016 is 1.25%. This measures the annual percentage change in the cost of consumer goods and services.
Philippines's annual GDP growth rate for 2016 is 7.15%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Philippines for 2016 is 2.70%. This represents the percentage of the labor force that is unemployed and actively seeking employment.