Philippines Forecast: Unemployment Rate

1985 - 2029 | 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 4.350 % in Dec 2023
  • Looking ahead, Philippines Unemployment Rate is projected to stand at 5.183 % in Dec 2029
  • 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 2029 in the chart:

Philippines Forecast: Unemployment Rate

What is Philippines's Forecast: Unemployment Rate in 2029?

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
5.183 2029 5.183 2028 4.350 2023 11.825 2004 % yearly 1985 - 2029

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 2029 yearly 1980 - 2029
Armenia (%) 14.000 2029 yearly 2001 - 2029
Aruba (%) 5.091 2026 yearly 1991 - 2026
Australia (%) 4.591 2029 yearly 1980 - 2029
Austria (%) 5.179 2028 yearly 1980 - 2028
Azerbaijan (%) 5.218 2029 yearly 2000 - 2029
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 (%) 2.898 2029 yearly 1993 - 2029
Belgium (%) 5.391 2029 yearly 1980 - 2029
Belize (%) 2.800 2028 yearly 1990 - 2028
Benin (%) 0.000 yearly -
Bhutan (%) 3.500 2023 yearly 2003 - 2023
Bolivia (%) 5.200 2029 yearly 2000 - 2029
Bosnia and Herzegovina (%) 13.300 2029 yearly 1995 - 2029
Botswana (%) 0.000 yearly -
Brazil (%) 7.652 2029 yearly 1991 - 2029
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 (%) 5.959 2029 yearly 1980 - 2029
Cape Verde (%) 8.500 2028 yearly 1980 - 2028
Central African Republic (%) 0.000 yearly -
Chad (%) 0.000 yearly -
Chile (%) 7.500 2029 yearly 1980 - 2029
China (%) 5.100 2029 yearly 2017 - 2029
Colombia (%) 8.678 2029 yearly 1980 - 2029
Comoros (%) 0.000 yearly -
Congo (%) 0.000 yearly -
Costa Rica (%) 9.000 2026 yearly 1980 - 2026
Croatia (%) 5.504 2029 yearly 1991 - 2029
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 2029 yearly 1991 - 2029
Ecuador (%) 3.500 2028 yearly 1988 - 2028
Egypt (%) 6.679 2028 yearly 1990 - 2028
El Salvador (%) 5.500 2029 yearly 1988 - 2029
Equatorial Guinea (%) 0.000 yearly -
Eritrea (%) 0.000 yearly -
Estonia (%) 7.313 2029 yearly 1993 - 2029
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 2029 yearly 1980 - 2029
Hong Kong SAR, China (%) 2.424 2029 yearly 1980 - 2029
Hungary (%) 3.689 2029 yearly 1980 - 2029
Iceland (%) 4.000 2029 yearly 1980 - 2029
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 2029 yearly 1980 - 2029
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 (%) 3.100 2029 yearly 1980 - 2029
Kosovo (%) 12.575 2022 yearly 2012 - 2022
Kuwait (%) 2.200 2028 yearly 2002 - 2028
Kyrgyzstan (%) 9.014 2028 yearly 1994 - 2028
Laos (%) 0.000 yearly -
Latvia (%) 6.284 2029 yearly 1992 - 2029
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 256 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) -2,937.257 Feb 2024 monthly Jan 1985 - Feb 2024
Tax Revenue (USD mn) 3,768.936 Feb 2024 monthly Jan 1985 - Feb 2024
Tax Revenue: % of GDP (%) 12.6 Dec 2023 quarterly Mar 1985 - Dec 2023
National Government Debt (USD mn) 270,146.1 Feb 2024 monthly Jan 1993 - Feb 2024
Government Debt: % of GDP (%) 60.1 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
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 570,217.000 Feb 2024 monthly Jan 2006 - Feb 2024
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 11,686,039.000 Feb 2024 monthly Jan 2006 - Feb 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -3,647.5 Feb 2024 monthly Jan 1957 - Feb 2024
Total Exports (USD mn) 5,905.9 Feb 2024 monthly Jan 1979 - Feb 2024
Total Exports Growth (%) 15.8 Feb 2024 monthly Jan 1980 - Feb 2024
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) 9,553.4 Feb 2024 monthly Jan 1979 - Feb 2024
Total Imports Growth (%) 6.3 Feb 2024 monthly Jan 1980 - Feb 2024
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) 947.828 Feb 2024 monthly Jan 1978 - Feb 2024
Total Imports from USA (USD mn) 550.165 Feb 2024 monthly Jan 1986 - Feb 2024
Total Exports to China (USD mn) 695.255 Feb 2024 monthly Jan 1984 - Feb 2024
Total Imports from China (USD mn) 2,179.424 Feb 2024 monthly Jan 1986 - Feb 2024
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) 638.5 Dec 2023 monthly Jan 2005 - Dec 2023
Current Account Balance (USD mn) 106.8 Dec 2023 monthly Jan 1999 - Dec 2023
Current Account Balance: % of GDP (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Foreign Direct Investment (USD mn) 826.1 Dec 2023 monthly Jan 2005 - Dec 2023
Foreign Direct Investment: % of GDP (%) 2.0 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment (USD mn) 1,838.131 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 1.5 Dec 2023 quarterly Dec 1980 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -173.2 Dec 2023 quarterly Mar 1996 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 2,011.353 Dec 2023 quarterly Mar 1977 - Dec 2023
External Debt (USD mn) 125,393.7 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: % of GDP (%) 28.7 2023 yearly 1990 - 2023
External Debt: Short Term (USD mn) 17,352.9 Mar 2023 quarterly Mar 2005 - Mar 2023
External Debt: Short Term: % of GDP (%) 3.9 2023 yearly 2005 - 2023
Forecast: Current Account Balance (USD bn) -6.381 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -51,316.516 Dec 2023 quarterly Dec 2012 - Dec 2023
BoP: Change in Reserve Assets: Debit (USD mn) -178.717 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Services: Credit: Export (USD mn) 4,383.898 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Financial Derivatives (FD) (USD mn) -6.857 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -71.118 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 638.532 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 826.060 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 255.818 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Net Incurrence of Liabilities (USD mn) 2,128.759 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: Financial Account (FA) (USD mn) -1,361.024 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Credit: Receipts (USD mn) 7.303 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -55.498 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Secondary Income: Debit: Payments (USD mn) 117.845 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Goods: Credit: Export (USD mn) 4,419.540 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Goods (USD mn) -4,879.015 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Secondary Income (USD mn) 3,035.667 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Services: Debit: Import (USD mn) 2,914.523 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Goods: Debit: Import (USD mn) 9,298.554 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: Capital Account (CA) (USD mn) 6.253 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Debit: Payments (USD mn) 1.050 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -48.641 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Import (USD mn) 13,354.803 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Net Acquisition of Financial Assets (USD mn) 767.734 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Services (USD mn) 1,469.375 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 1,096.486 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Export (USD mn) 13,461.621 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Portfolio Investment (PI) (USD mn) -840.667 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 3,153.513 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: Current Account (CA) (USD mn) 106.819 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Other Investments (OI) (USD mn) -325.972 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,504.671 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Primary Income: Debit: Payments (USD mn) 1,023.880 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Direct Investment (DI) (USD mn) -187.528 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Primary Income (USD mn) 480.791 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 254.854 Dec 2023 monthly Jan 2005 - Dec 2023
External Debt: Medium and Long Term (USD mn) 108,297.906 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: By Country Profile: Country: USA (USD mn) 2,474.724 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: By Country Profile: Country: UK (USD mn) 4,179.968 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: By Country Profile: Country: France (USD mn) 1,242.515 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: By Country Profile: Country: Japan (USD mn) 15,554.305 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: By Country Profile: Country: Germany (USD mn) 1,450.711 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Approved: Information & Communication (PHP mn) 264.464 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Manufacturing (PHP mn) 48,958.266 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: 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 (%) 3.4 Feb 2024 monthly Mar 2008 - Feb 2024
Household Debt: % of GDP (%) 10.8 Dec 2023 quarterly Mar 2009 - Dec 2023
Non-Performing Loans (USD mn) 8,081.430 Dec 2023 quarterly Mar 2008 - Dec 2023
Money Supply M1 (USD mn) 118,977.230 Jan 2024 monthly Dec 1988 - Jan 2024
Money Supply M2 (USD mn) 293,306.704 Jan 2024 monthly Dec 1988 - Jan 2024
M2 Growth (%) 6.5 Jan 2024 monthly Dec 1989 - Jan 2024
Reserve Requirement Ratio (%) 9.5 Mar 2024 monthly May 1986 - Mar 2024
Foreign Exchange Reserves (USD mn) 89,027.1 Mar 2024 monthly Jan 1960 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 9.1 Feb 2024 monthly Jan 1979 - Feb 2024
Gold Reserves (USD mn) 10,531.497 Mar 2024 monthly Dec 1956 - Mar 2024
Total Deposits (USD mn) 342,517.305 Dec 2023 quarterly Mar 2008 - Dec 2023
Total Deposits Growth (%) 7.1 Dec 2023 quarterly Mar 2009 - Dec 2023
Domestic Credit (USD mn) 324,291.8 Jan 2024 monthly Dec 2001 - Jan 2024
Domestic Credit Growth (%) 9.8 Jan 2024 monthly Dec 2002 - Jan 2024
Household Debt (USD mn) 47,047.3 Dec 2023 quarterly Mar 2009 - Dec 2023
Total Loans (USD mn) 225,277.466 Feb 2024 monthly Mar 2008 - Feb 2024
Total Loans Growth (%) 9.22 Feb 2024 monthly Mar 2009 - Feb 2024
Private Debt: % of Nominal GDP (%) 48.22 Dec 2023 quarterly Dec 2001 - Dec 2023
DCS: LA: M4: M3: M2 (PHP mn) 16,473,993.214 Feb 2024 monthly Dec 2001 - Feb 2024
DCS: LA: M4: M3 (PHP mn) 16,914,355.390 Feb 2024 monthly Dec 2001 - Feb 2024
DCS: LA: M4: M3: M2: M1 (PHP mn) 6,647,338.067 Feb 2024 monthly Dec 2001 - Feb 2024
DCS: Domestic Claims (DC) (PHP mn) 18,335,039.299 Feb 2024 monthly Dec 2001 - Feb 2024
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 Apr 2024 monthly May 1986 - Apr 2024
CL: PBS: Real Estate: Residential (PHP bn) 1,003.466 Dec 2023 quarterly Mar 2009 - Dec 2023
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 4.3 Mar 2024 quarterly Jun 2002 - Mar 2024
Business Outlook: Index: Industry: Current Quarter (Point) 26.426 Mar 2024 quarterly Jun 2001 - Mar 2024
Business Outlook: Index: Services: Current Quarter (Point) 36.460 Mar 2024 quarterly Jun 2001 - Mar 2024
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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