Economic data sheet

Economic data sheet Philippines

As of July 2010

2008 2009
GDP in billion USD 168.5 161.0
Population in millions 90.7 92.2
GDP / capita in USD 1866 1746
Real GDP growth 4.6% 0.9%
Inflation rate 9.3% 3.2%
Comprehensive state budget as% of GDP 16.4% 18.5%
State budget balance as% of GDP 0.9% 3.9%
Foreign Trade

Import (billion USD) 56.8 43.1
Exports (in billion USD) 49.1 38.4
Current account balance% GDP 2.2% 5.3%
Status of international debt (USD billion) 53.9 53.3
Debt service as% of export revenues (foreign debt only) 9.6 10.4
Bilateral relations

Exports to Germany (in million €) 1738 1332
Imports from Germany (in million €) 923 781
Bilateral trade volume in million € 2625 2113
Accumulated stock of German direct investment in million € (2005) 295 295
German direct investment net inflow in million € 38 19
Investment promotion and protection agreement in force since 1st February 2000
Double taxation agreement in force since 14 December 1984
Exchange rate used (annual average): 2011: 1 USD = PhP 42.42

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