Asia-Pacific
Philippines
The Philippines' inflation and growth, jobs, the peso, US goods trade with the Philippines, cargo through its ports and the IMF's figures, each sourced and dated.
Figures checked . Each one names its source and the period it covers.
The latest figures
Inflation2025
1.7%
a year, annual average
World Bank, World Development Indicators
Matches IMF, World Economic Outlook for 2025
Economic growth2025
4.4%
real GDP, % a year
World Bank, World Development Indicators
Matches IMF, World Economic Outlook for 2025
Unemployment2025
2.2%
of the labour force, ILO modelled estimate
World Bank, World Development Indicators
The World Bank's figure is the ILO's modelled estimate, not a national survey.
Sources differ: IMF, World Economic Outlook has 4.2 for 2025, against 2.2.
Pesos per US dollar13 October 2026
62.77
PHP per USD
Close: Rates By Exchange Rate API has 62.80 for 14 October 2026, against 62.77 for 13 October 2026
Goods trade with the United States
US imports from the Philippines12 months
$24.4bn
+49.2% on the previous 12 months
US exports to the Philippines12 months
$9.7bn
+5.2% on the previous 12 months
US tariff rate on the Philippines12 months
7.2%
of the value of goods, paid in duty. By product and month →
US goods balance12 months
−$14.6bn
The US buys more from the Philippines than it sells there
September 2025 to August 2026, US$, not seasonally adjusted. Source: US Census Bureau via FRED (IMP5650, EXP5650). These are the US's own customs records, so they measure trade from the American side.
Cargo through its ports
Imports by sea30 days
−9.9%
on the same 30 days a year earlier
Exports by sea30 days
−31.0%
on the same 30 days a year earlier
Port calls30 days
+11.9%
on the same 30 days a year earlier
30 days to 2 October 2026. AIS-based estimates of cargo through the economy's ports; percentage changes only, per PortWatch's terms. Source: IMF PortWatch, https://portwatch.imf.org.
The IMF's figures and projections
| IMF World Economic Outlook | 2025 | 2026 | 2027 |
|---|---|---|---|
| Real GDP growth, % | 4.4 | 3.4 | 5.1 |
| Inflation, annual average % | 1.7 | 5.6 | 4.1 |
Source: IMF DataMapper, World Economic Outlook, as published when these figures were checked. A year is marked as the IMF's projection until the World Bank publishes an actual figure for it. TradeTurbulence makes no forecasts of its own here.
How these figures are checked
Every figure is fetched from the publisher named under it, once a day. Where a second publisher reports the same figure for the same period, the two are compared: "Matches" means they agree to the figure shown; "Close" means they differ by a little more than rounding, and shows the second value; "Sources differ" shows both values and we do not choose between them. Where the second publisher has not yet reached the latest period, the two are compared on the latest period both publish, and the figure is marked "Not yet checked". Annual figures carry their year, because they are a year or more behind.