Philippines Forecast: Unemployment Rate

1985 - 2028 | Yearly | % | International Monetary Fund

Key information about Philippines Unemployment Rate Forecast

  • Philippines Unemployment Rate is forecasted to be 5.083 % in Dec 2024 as reported by International Monetary Fund
  • It records no change from the last reported number of 4.667 % in Dec 2023
  • Looking ahead, Philippines Unemployment Rate is projected to stand at 5.083 % in Dec 2028
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Unemployment Rate

View Philippines's Forecast: Unemployment Rate from 1985 to 2028 in the chart:

Philippines Forecast: Unemployment Rate

What is Philippines's Forecast: Unemployment Rate in 2028?

Philippines Unemployment Rate is forecasted to be 5.083 % in Dec 2024 as reported by International Monetary Fund See the table below for more data.

Last Previous Min Max Unit Frequency Range
5.083 2028 5.083 2027 4.667 2023 11.825 2004 % yearly 1985 - 2028

Forecast: Unemployment Rate by Country Comparison

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country/region Last Frequency Range
Afghanistan (%) 0.000 yearly -
Albania (%) 11.000 2028 yearly 1980 - 2028
Algeria (%) 11.383 2019 yearly 1980 - 2019
Andorra (%) 1.675 2028 yearly 2010 - 2028
Angola (%) 0.000 yearly -
Antigua and Barbuda (%) 0.000 yearly -
Argentina (%) 7.000 2028 yearly 1980 - 2028
Armenia (%) 14.000 2028 yearly 2001 - 2028
Aruba (%) 5.091 2026 yearly 1991 - 2026
Australia (%) 4.898 2028 yearly 1980 - 2028
Austria (%) 5.179 2028 yearly 1980 - 2028
Azerbaijan (%) 5.545 2028 yearly 2000 - 2028
Bahamas (%) 9.190 2028 yearly 1986 - 2028
Bahrain (%) 5.400 2022 yearly 2007 - 2022
Bangladesh (%) 0.000 yearly -
Barbados (%) 9.718 2028 yearly 1981 - 2028
Belarus (%) 3.455 2028 yearly 1993 - 2028
Belgium (%) 5.402 2028 yearly 1980 - 2028
Belize (%) 2.800 2028 yearly 1990 - 2028
Benin (%) 0.000 yearly -
Bhutan (%) 5.900 2022 yearly 2003 - 2022
Bolivia (%) 5.200 2028 yearly 2000 - 2028
Bosnia and Herzegovina (%) 15.255 2028 yearly 1995 - 2028
Botswana (%) 0.000 yearly -
Brazil (%) 7.931 2028 yearly 1991 - 2028
Brunei (%) 4.900 2028 yearly 2011 - 2028
Bulgaria (%) 4.200 2028 yearly 1989 - 2028
Burkina Faso (%) 0.000 yearly -
Burundi (%) 0.000 yearly -
Cambodia (%) 0.000 yearly -
Cameroon (%) 0.000 yearly -
Canada (%) 5.999 2028 yearly 1980 - 2028
Cape Verde (%) 8.500 2028 yearly 1980 - 2028
Central African Republic (%) 0.000 yearly -
Chad (%) 0.000 yearly -
Chile (%) 7.499 2028 yearly 1980 - 2028
China (%) 5.200 2028 yearly 2017 - 2028
Colombia (%) 9.511 2028 yearly 1980 - 2028
Comoros (%) 0.000 yearly -
Congo (%) 0.000 yearly -
Costa Rica (%) 9.000 2026 yearly 1980 - 2026
Croatia (%) 5.581 2028 yearly 1991 - 2028
Cyprus (%) 5.481 2028 yearly 1982 - 2028
Czech Republic (%) 2.300 2028 yearly 1995 - 2028
Democratic Republic of Congo (%) 0.000 yearly -
Denmark (%) 5.000 2028 yearly 1980 - 2028
Djibouti (%) 0.000 yearly -
Dominica (%) 0.000 yearly -
Dominican Republic (%) 6.000 2028 yearly 1991 - 2028
Ecuador (%) 3.500 2028 yearly 1988 - 2028
Egypt (%) 6.679 2028 yearly 1990 - 2028
El Salvador (%) 5.500 2028 yearly 1988 - 2028
Equatorial Guinea (%) 0.000 yearly -
Eritrea (%) 0.000 yearly -
Estonia (%) 6.364 2028 yearly 1993 - 2028
Swaziland (%) 25.000 2016 yearly 1995 - 2016
Ethiopia (%) 0.000 yearly -
Fiji (%) 4.500 2028 yearly 1986 - 2028
Finland (%) 7.100 2028 yearly 1980 - 2028
France (%) 6.663 2028 yearly 1980 - 2028
Gabon (%) 0.000 yearly -
Gambia (%) 0.000 yearly -
Georgia (%) 17.516 2028 yearly 1996 - 2028
Germany (%) 2.963 2028 yearly 1980 - 2028
Ghana (%) 0.000 yearly -
Greece (%) 9.000 2028 yearly 1980 - 2028
Grenada (%) 0.000 yearly -
Guatemala (%) 0.000 yearly -
Guinea (%) 0.000 yearly -
Guinea-Bissau (%) 0.000 yearly -
Guyana (%) 0.000 yearly -
Haiti (%) 0.000 yearly -
Honduras (%) 8.000 2028 yearly 1980 - 2028
Hong Kong SAR, China (%) 2.774 2028 yearly 1980 - 2028
Hungary (%) 3.300 2028 yearly 1980 - 2028
Iceland (%) 3.976 2028 yearly 1980 - 2028
India (%) 0.000 yearly -
Indonesia (%) 5.100 2028 yearly 1984 - 2028
Iran (%) 9.779 2028 yearly 1990 - 2028
Iraq (%) 0.000 yearly -
Ireland (%) 4.507 2028 yearly 1985 - 2028
Israel (%) 4.000 2028 yearly 1980 - 2028
Italy (%) 8.250 2028 yearly 1980 - 2028
Ivory Coast (%) 0.000 yearly -
Jamaica (%) 8.375 2021 yearly 1980 - 2021
Japan (%) 2.300 2028 yearly 1980 - 2028
Jordan (%) 22.850 2022 yearly 1984 - 2022
Kazakhstan (%) 4.775 2028 yearly 1994 - 2028
Kenya (%) 0.000 yearly -
Kiribati (%) 0.000 yearly -
South Korea (%) 3.205 2028 yearly 1980 - 2028
Kosovo (%) 20.750 2021 yearly 2012 - 2021
Kuwait (%) 2.200 2028 yearly 2002 - 2028
Kyrgyzstan (%) 9.014 2028 yearly 1994 - 2028
Laos (%) 0.000 yearly -
Latvia (%) 6.402 2028 yearly 1992 - 2028
Lebanon (%) 0.000 yearly -
Lesotho (%) 0.000 2015 yearly 2000 - 2015
Liberia (%) 0.000 yearly -
Libya (%) 0.000 yearly -

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Philippines Key Series

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Includes 254 key indicators for Philippines, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.2 Dec 2023 quarterly Dec 1985 - Dec 2023
Consolidated Fiscal Balance (USD mn) -7,213.035 Dec 2023 monthly Jan 1985 - Dec 2023
Tax Revenue (USD mn) 4,436.701 Dec 2023 monthly Jan 1985 - Dec 2023
Tax Revenue: % of GDP (%) 12.6 Dec 2023 quarterly Mar 1985 - Dec 2023
National Government Debt (USD mn) 262,539.9 Jan 2024 monthly Jan 1993 - Jan 2024
Government Debt: % of GDP (%) 60.2 Dec 2023 quarterly Mar 1993 - Dec 2023
Forecast: Government Expenditure (PHP bn) 9,083.350 2028 yearly 1989 - 2028
Forecast: Government Net Debt (PHP bn) 19,652.200 2028 yearly 1993 - 2028
Forecast: Government Revenue (PHP bn) 8,212.060 2028 yearly 1989 - 2028
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -4,013.4 Dec 2023 monthly Jan 1957 - Dec 2023
Total Exports (USD mn) 5,779.0 Dec 2023 monthly Jan 1979 - Dec 2023
Total Exports Growth (%) -0.5 Dec 2023 monthly Jan 1980 - Dec 2023
Aluminum: Exports (USD th) 178,900.107 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 61,685.472 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 11,340.083 2022 yearly 1995 - 2022
Total Imports (USD mn) 9,792.4 Dec 2023 monthly Jan 1979 - Dec 2023
Total Imports Growth (%) -5.1 Dec 2023 monthly Jan 1980 - Dec 2023
Imports: Medicament (USD th) 1,570,518.510 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,269,332.939 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 904.778 Dec 2023 monthly Jan 1978 - Dec 2023
Total Imports from USA (USD mn) 748.887 Dec 2023 monthly Jan 1986 - Dec 2023
Total Exports to China (USD mn) 703.886 Dec 2023 monthly Jan 1984 - Dec 2023
Total Imports from China (USD mn) 2,276.721 Dec 2023 monthly Jan 1986 - Dec 2023
Imports: Metalliferous Ores and Metal Scrap (USD mn) 83.443 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Iron and Steel (USD mn) 382.669 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Medicinal and Pharmaceutical Products (USD mn) 108.103 Dec 2018 monthly Jan 2006 - Dec 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 177.8 Sep 2023 monthly Jan 2005 - Sep 2023
Current Account Balance (USD mn) -601.3 Sep 2023 monthly Jan 1999 - Sep 2023
Current Account Balance: % of GDP (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Foreign Direct Investment (USD mn) 1,048.1 Nov 2023 monthly Jan 2005 - Nov 2023
Foreign Direct Investment: % of GDP (%) 1.9 Sep 2023 quarterly Mar 2005 - Sep 2023
Foreign Portfolio Investment (USD mn) -1,576.162 Sep 2023 quarterly Mar 2005 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) -1.5 Sep 2023 quarterly Dec 1980 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -197.7 Sep 2023 quarterly Mar 1996 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -1,378.485 Sep 2023 quarterly Mar 1977 - Sep 2023
External Debt (USD mn) 118,833.2 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: % of GDP (%) 27.5 2022 yearly 1990 - 2022
External Debt: Short Term (USD mn) 17,352.9 Mar 2023 quarterly Mar 2005 - Mar 2023
External Debt: Short Term: % of GDP (%) 4.1 2022 yearly 2005 - 2022
Forecast: Current Account Balance (USD bn) -7.439 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -49,982.096 Sep 2023 quarterly Dec 2012 - Sep 2023
BoP: Change in Reserve Assets: Debit (USD mn) -397.936 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Services: Credit: Export (USD mn) 4,058.260 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Financial Derivatives (FD) (USD mn) -16.679 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 177.787 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -808.117 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) -450.073 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 1,048.130 Nov 2023 monthly Jan 2005 - Nov 2023
BoP: CA: Primary Income (USD mn) 457.461 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Net Incurrence of Liabilities (USD mn) 226.005 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: Financial Account (FA) (USD mn) -1,363.077 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -56.669 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Credit: Receipts (USD mn) 7.399 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Secondary Income: Debit: Payments (USD mn) 83.597 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Goods: Credit: Export (USD mn) 5,077.753 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Goods (USD mn) -5,160.355 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Secondary Income (USD mn) 2,686.937 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Services: Debit: Import (USD mn) 2,643.641 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: Capital Account (CA) (USD mn) 6.796 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Goods: Debit: Import (USD mn) 10,238.108 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 1,236.205 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Debit: Payments (USD mn) 0.603 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -39.989 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Net Acquisition of Financial Assets (USD mn) -1,137.071 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Import (USD mn) 13,875.885 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Services (USD mn) 1,414.618 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Export (USD mn) 13,274.546 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Portfolio Investment (PI) (USD mn) 942.246 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) -1,392.319 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,770.534 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Direct Investment (DI) (USD mn) -244.322 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: Current Account (CA) (USD mn) -601.339 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,368.000 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Other Investments (OI) (USD mn) -2,044.322 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Primary Income: Debit: Payments (USD mn) 910.539 Sep 2023 monthly Jan 2005 - Sep 2023
External Debt: Medium and Long Term (USD mn) 101,675.382 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: By Country Profile: Country: USA (USD mn) 3,154.847 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: By Country Profile: Country: Japan (USD mn) 14,804.858 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: By Country Profile: Country: Germany (USD mn) 1,303.955 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: By Country Profile: Country: UK (USD mn) 4,065.389 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: By Country Profile: Country: France (USD mn) 1,202.896 Sep 2023 quarterly Mar 2005 - Sep 2023
FDI: Approved: Information & Communication (PHP mn) 264.464 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Real Estate Activities (PHP mn) 3,011.207 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Manufacturing (PHP mn) 48,958.266 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Transportation & Storage (PHP mn) 212.208 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Administrative & Support Services (PHP mn) 5,704.132 Dec 2023 quarterly Mar 2010 - Dec 2023
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.2 Dec 2023 monthly Mar 2008 - Dec 2023
Household Debt: % of GDP (%) 10.6 Sep 2023 quarterly Mar 2009 - Sep 2023
Non-Performing Loans (USD mn) 8,081.430 Dec 2023 quarterly Mar 2008 - Dec 2023
Money Supply M1 (USD mn) 119,056.454 Nov 2023 monthly Dec 1988 - Nov 2023
Money Supply M2 (USD mn) 303,753.066 Dec 2023 monthly Dec 1988 - Dec 2023
M2 Growth (%) 7.3 Nov 2023 monthly Dec 1989 - Nov 2023
Reserve Requirement Ratio (%) 9.5 Jan 2024 monthly May 1986 - Jan 2024
Foreign Exchange Reserves (USD mn) 88,440.8 Jan 2024 monthly Jan 1960 - Jan 2024
Foreign Exchange Reserves: Months of Import (NA) 9.1 Dec 2023 monthly Jan 1979 - Dec 2023
Gold Reserves (USD mn) 10,299.128 Jan 2024 monthly Dec 1956 - Jan 2024
Total Deposits (USD mn) 342,355.203 Dec 2023 quarterly Mar 2008 - Dec 2023
Total Deposits Growth (%) 7.1 Dec 2023 quarterly Mar 2009 - Dec 2023
Domestic Credit (USD mn) 323,672.0 Nov 2023 monthly Dec 2001 - Nov 2023
Domestic Credit Growth (%) 9.6 Nov 2023 monthly Dec 2002 - Nov 2023
Household Debt (USD mn) 42,353.4 Jun 2023 quarterly Mar 2009 - Jun 2023
Total Loans (USD mn) 228,908.695 Dec 2023 monthly Mar 2008 - Dec 2023
Total Loans Growth (%) 7.75 Dec 2023 monthly Mar 2009 - Dec 2023
Private Debt: % of Nominal GDP (%) 48.11 Dec 2023 quarterly Dec 2001 - Dec 2023
DCS: LA: M4: M3 (PHP mn) 16,761,935.835 Nov 2023 monthly Dec 2001 - Nov 2023
DCS: LA: M4: M3: M2 (PHP mn) 16,273,779.834 Nov 2023 monthly Dec 2001 - Nov 2023
DCS: LA: M4: M3: M2: M1 (PHP mn) 6,587,155.485 Nov 2023 monthly Dec 2001 - Nov 2023
DCS: Domestic Claims (DC) (PHP mn) 17,908,125.383 Nov 2023 monthly Dec 2001 - Nov 2023
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 9.500 Jan 2024 monthly May 1986 - Jan 2024
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 2,344.770 Jun 2023 quarterly Mar 2009 - Jun 2023
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 12.1 Dec 2023 quarterly Jun 2002 - Dec 2023
Business Outlook: Index: Industry: Current Quarter (Point) 33.185 Dec 2023 quarterly Jun 2001 - Dec 2023
Business Outlook: Index: Services: Current Quarter (Point) 35.462 Dec 2023 quarterly Jun 2001 - Dec 2023
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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