Philippines Forecast: Unemployment Rate

1985 - 2031 | Yearly | % | International Monetary Fund

Key information about Philippines Unemployment Rate Forecast

  • Philippines Unemployment Rate is forecasted to be 4.718 % in Dec 2026 as reported by International Monetary Fund
  • It records no change from the last reported number of 4.208 % in Dec 2025
  • Looking ahead, Philippines Unemployment Rate is projected to stand at 4.368 % in Dec 2031
  • 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 2031 in the chart:

Philippines Forecast: Unemployment Rate

What is Philippines's Forecast: Unemployment Rate in 2031?

Philippines Unemployment Rate is forecasted to be 4.718 % in Dec 2026 as reported by International Monetary Fund See the table below for more data.

Last Previous Min Max Unit Frequency Range
4.368 2031 4.368 2030 3.817 2024 11.825 2004 % yearly 1985 - 2031

Forecast: Unemployment Rate by Country Comparison

country/region Last Frequency Range
Afghanistan (%) 0.000 yearly -
Albania (%) 8.700 2031 yearly 1980 - 2031
Algeria (%) 11.383 2019 yearly 1980 - 2019
Andorra (%) 1.500 2031 yearly 2010 - 2031
Angola (%) 0.000 yearly -
Antigua and Barbuda (%) 0.000 yearly -
Argentina (%) 6.500 2031 yearly 1980 - 2031
Armenia (%) 12.100 2031 yearly 2001 - 2031
Aruba (%) 4.823 2030 yearly 1986 - 2030
Australia (%) 4.457 2031 yearly 1980 - 2031
Austria (%) 5.179 2028 yearly 1980 - 2028
Azerbaijan (%) 4.977 2031 yearly 2000 - 2031
Bahamas (%) 9.001 2031 yearly 1986 - 2031
Bahrain (%) 6.200 2024 yearly 2007 - 2024
Bangladesh (%) 0.000 yearly -
Barbados (%) 6.805 2031 yearly 1981 - 2031
Belarus (%) 2.889 2031 yearly 1993 - 2031
Belgium (%) 5.800 2031 yearly 1980 - 2031
Belize (%) 2.600 2031 yearly 1990 - 2031
Benin (%) 0.000 yearly -
Bhutan (%) 3.500 2023 yearly 2003 - 2023
Bolivia (%) 4.500 2026 yearly 2000 - 2026
Bosnia and Herzegovina (%) 12.600 2031 yearly 1995 - 2031
Botswana (%) 0.000 yearly -
Brazil (%) 7.400 2031 yearly 1991 - 2031
Brunei (%) 4.748 2031 yearly 2011 - 2031
Bulgaria (%) 3.200 2031 yearly 1989 - 2031
Burkina Faso (%) 0.000 yearly -
Burundi (%) 0.000 yearly -
Cambodia (%) 0.000 yearly -
Cameroon (%) 0.000 yearly -
Canada (%) 6.004 2031 yearly 1980 - 2031
Cape Verde (%) 8.500 2031 yearly 1980 - 2031
Central African Republic (%) 0.000 yearly -
Chad (%) 0.000 yearly -
Chile (%) 7.353 2031 yearly 1980 - 2031
China (%) 5.100 2031 yearly 2017 - 2031
Colombia (%) 10.000 2031 yearly 1980 - 2031
Comoros (%) 0.000 yearly -
Congo (%) 0.000 yearly -
Costa Rica (%) 8.500 2030 yearly 1980 - 2030
Croatia (%) 4.700 2031 yearly 1991 - 2031
Cyprus (%) 4.733 2031 yearly 1982 - 2031
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 (%) 5.000 2031 yearly 1991 - 2031
Ecuador (%) 3.100 2031 yearly 1988 - 2031
Egypt (%) 9.454 2031 yearly 1990 - 2031
El Salvador (%) 4.780 2031 yearly 1988 - 2031
Equatorial Guinea (%) 0.000 yearly -
Eritrea (%) 0.000 yearly -
Estonia (%) 6.209 2031 yearly 1993 - 2031
Swaziland (%) 25.000 2016 yearly 1995 - 2016
Ethiopia (%) 0.000 yearly -
Fiji (%) 4.500 2031 yearly 1986 - 2031
Finland (%) 7.100 2028 yearly 1980 - 2028
France (%) 6.663 2028 yearly 1980 - 2028
Gabon (%) 0.000 yearly -
Gambia (%) 0.000 yearly -
Georgia (%) 13.900 2031 yearly 1996 - 2031
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 (%) 6.500 2031 yearly 1980 - 2031
Hong Kong SAR, China (%) 2.667 2031 yearly 1980 - 2031
Hungary (%) 3.800 2031 yearly 1980 - 2031
Iceland (%) 4.000 2031 yearly 1980 - 2031
India (%) 0.000 yearly -
Indonesia (%) 4.700 2031 yearly 1984 - 2031
Iran (%) 9.000 2031 yearly 1990 - 2031
Iraq (%) 0.000 yearly -
Ireland (%) 4.507 2028 yearly 1985 - 2028
Israel (%) 3.600 2031 yearly 1980 - 2031
Italy (%) 8.250 2028 yearly 1980 - 2028
Ivory Coast (%) 0.000 yearly -
Jamaica (%) 3.400 2025 yearly 1980 - 2025
Japan (%) 2.300 2028 yearly 1980 - 2028
Jordan (%) 21.325 2031 yearly 1984 - 2031
Kazakhstan (%) 4.353 2031 yearly 1994 - 2031
Kenya (%) 0.000 yearly -
Kiribati (%) 0.000 yearly -
South Korea (%) 2.800 2031 yearly 1980 - 2031
Kosovo (%) 10.875 2023 yearly 2012 - 2023
Kuwait (%) 2.200 2028 yearly 2002 - 2028
Kyrgyzstan (%) 3.983 2031 yearly 1994 - 2031
Laos (%) 0.000 yearly -
Latvia (%) 6.256 2031 yearly 1992 - 2031
Lebanon (%) 11.543 2023 yearly 1991 - 2023
Lesotho (%) 0.000 2015 yearly 2000 - 2015
Liberia (%) 0.000 yearly -
Libya (%) 0.000 yearly -

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Philippines Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.2 Mar 2026 quarterly Dec 1985 - Mar 2026
Consolidated Fiscal Balance (USD mn) 521.402 Apr 2026 monthly Jan 1985 - Apr 2026
Tax Revenue (USD mn) 8,475.717 Apr 2026 monthly Jan 1985 - Apr 2026
Tax Revenue: % of GDP (%) 14.0 Mar 2026 quarterly Mar 1985 - Mar 2026
National Government Debt (USD mn) 300,305.6 Apr 2026 monthly Jan 1993 - Apr 2026
Government Debt: % of GDP (%) 65.2 Mar 2026 quarterly Mar 1993 - Mar 2026
Forecast: Government Expenditure (PHP bn) 9,934.920 2031 yearly 1989 - 2031
Forecast: Government Net Debt (PHP bn) 25,111.900 2031 yearly 1993 - 2031
Forecast: Government Revenue (PHP bn) 9,229.872 2031 yearly 1989 - 2031
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 15,617,211.000 Apr 2026 monthly Jan 2006 - Apr 2026
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 996,803.000 Mar 2026 monthly Jan 2006 - Mar 2026
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -5,965.4 Apr 2026 monthly Jan 1957 - Apr 2026
Total Exports (USD mn) 7,207.7 Apr 2026 monthly Jan 1979 - Apr 2026
Total Exports Growth (%) 6.3 Apr 2026 monthly Jan 1980 - Apr 2026
Aluminum: Exports (USD th) 195,030.466 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 24,205.344 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 12,686.801 2024 yearly 1995 - 2024
Total Imports (USD mn) 11,219.7 Oct 2025 monthly Jan 1979 - Oct 2025
Total Imports Growth (%) 22.4 Apr 2026 monthly Jan 1980 - Apr 2026
Imports: Medicament (USD th) 1,838,565.771 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 626,781.378 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 1,295.411 Apr 2026 monthly Jan 1978 - Apr 2026
Total Imports from USA (USD mn) 713.153 Apr 2026 monthly Jan 1986 - Apr 2026
Total Exports to China (USD mn) 926.661 Apr 2026 monthly Jan 1984 - Apr 2026
Total Imports from China (USD mn) 3,915.849 Apr 2026 monthly Jan 1986 - Apr 2026
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
Export Value Index (2015=100) 126.842 2021 yearly 1980 - 2021
Import Value Index (2015=100) 179.000 2023 yearly 1980 - 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 742.4 Dec 2025 monthly Jan 2005 - Dec 2025
Current Account Balance (USD mn) -379.1 Dec 2025 monthly Jan 1999 - Dec 2025
Current Account Balance: % of GDP (%) -4.0 Jun 2025 quarterly Mar 1981 - Jun 2025
Foreign Direct Investment (USD mn) 590.3 Feb 2026 monthly Jan 2005 - Feb 2026
Foreign Direct Investment: % of GDP (%) 1.5 Dec 2025 quarterly Mar 2005 - Dec 2025
Foreign Portfolio Investment (USD mn) -1,798.205 Dec 2025 quarterly Mar 2005 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) -1.3 Dec 2025 quarterly Mar 1981 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -157.2 Dec 2025 quarterly Mar 1996 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) -1,641.004 Dec 2025 quarterly Mar 1977 - Dec 2025
External Debt (USD mn) 147,650.8 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: % of GDP (%) 30.3 2025 yearly 1990 - 2025
External Debt: Short Term (USD mn) 21,409.3 Jun 2025 quarterly Mar 2005 - Jun 2025
External Debt: Short Term: % of GDP (%) 4.2 2025 yearly 2005 - 2025
Forecast: Current Account Balance (USD bn) -20.861 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) -50,829.173 Dec 2025 quarterly Dec 2012 - Dec 2025
BoP: Change in Reserve Assets: Debit (USD mn) -836.308 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Services: Credit: Export (USD mn) 5,080.793 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 742.394 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -402.489 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Financial Derivatives (FD) (USD mn) 9.236 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 5,578.880 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Primary Income (USD mn) 32.767 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Credit: Receipts (USD mn) 10.278 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Secondary Income: Debit: Payments (USD mn) 125.809 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: Financial Account (FA) (USD mn) 1,395.121 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 590.279 Feb 2026 monthly Jan 2005 - Feb 2026
BoP: FA: Net Incurrence of Liabilities (USD mn) 4,461.846 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Goods: Credit: Export (USD mn) 5,281.430 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: Capital Account (CA) (USD mn) 9.231 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Goods (USD mn) -5,086.682 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Services: Debit: Import (USD mn) 3,624.841 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Secondary Income (USD mn) 3,218.838 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 5,812.189 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Goods: Debit: Import (USD mn) 10,368.112 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -61.818 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Debit: Payments (USD mn) 1.047 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Net Acquisition of Financial Assets (USD mn) 5,856.967 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Export (USD mn) 15,194.805 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -71.054 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 3,344.647 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Services (USD mn) 1,455.953 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Import (USD mn) 15,573.930 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Primary Income: Debit: Payments (USD mn) 1,455.168 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Portfolio Investment (PI) (USD mn) 7,418.164 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Other Investments (OI) (USD mn) -6,214.679 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) -1,839.284 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,487.935 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: Current Account (CA) (USD mn) -379.125 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Direct Investment (DI) (USD mn) 182.400 Dec 2025 monthly Jan 2005 - Dec 2025
External Debt: By Country Profile: Country: UK (USD mn) 4,003.006 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: By Country Profile: Country: Japan (USD mn) 16,583.303 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: Medium and Long Term (USD mn) 127,417.379 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: By Country Profile: Country: USA (USD mn) 2,328.956 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: By Country Profile: Country: Germany (USD mn) 1,590.827 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: By Country Profile: Country: France (USD mn) 2,309.536 Dec 2025 quarterly Mar 2005 - Dec 2025
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
FDI: Approved: Manufacturing (PHP mn) 9,079.568 Mar 2026 quarterly Mar 2010 - Mar 2026
FDI: Approved: Real Estate Activities (PHP mn) 828.119 Mar 2026 quarterly Mar 2010 - Mar 2026
FDI: Approved: Information & Communication (PHP mn) 521.633 Mar 2026 quarterly Mar 2010 - Mar 2026
FDI: Approved: Transportation & Storage (PHP mn) 566.963 Mar 2026 quarterly Mar 2010 - Mar 2026
FDI: Approved: Administrative & Support Services (PHP mn) 2,652.730 Mar 2026 quarterly Mar 2010 - Mar 2026
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.4 Apr 2026 monthly Mar 2008 - Apr 2026
Household Debt: % of GDP (%) 13.6 Dec 2025 quarterly Mar 2008 - Dec 2025
Non-Performing Loans (USD mn) 9,360.452 Mar 2026 quarterly Mar 2008 - Mar 2026
Money Supply M1 (USD mn) 128,629.010 Apr 2026 monthly Dec 1988 - Apr 2026
Money Supply M2 (USD mn) 321,907.605 Apr 2026 monthly Dec 1988 - Apr 2026
M2 Growth (%) 11.2 Apr 2026 monthly Dec 1989 - Apr 2026
Reserve Requirement Ratio (%) 5.0 May 2026 monthly May 1986 - May 2026
Foreign Exchange Reserves (USD mn) 79,829.8 May 2026 monthly Jan 1960 - May 2026
Foreign Exchange Reserves: Months of Import (NA) 6.1 Apr 2026 monthly Jan 1979 - Apr 2026
Gold Reserves (USD mn) 19,480.336 May 2026 monthly Dec 1956 - May 2026
Total Deposits (USD mn) 365,783.299 Mar 2026 quarterly Mar 2008 - Mar 2026
Total Deposits Growth (%) 10.2 Mar 2026 quarterly Mar 2009 - Mar 2026
Domestic Credit (USD mn) 379,904.8 Apr 2026 monthly Dec 2001 - Apr 2026
Domestic Credit Growth (%) 12.7 Apr 2026 monthly Dec 2002 - Apr 2026
Household Debt (USD mn) 64,710.5 Dec 2025 quarterly Mar 2008 - Dec 2025
Total Loans (USD mn) 264,071.207 Mar 2026 monthly Mar 2008 - Mar 2026
Total Loans Growth (%) 11.26 Mar 2026 monthly Mar 2009 - Mar 2026
Private Debt: % of Nominal GDP (%) 52.25 Mar 2026 quarterly Dec 2001 - Mar 2026
YoY: DCS: LA: M4: Foreign Currency Deposits of Residents (%) 12.245 Apr 2026 monthly Dec 2002 - Apr 2026
YoY: DCS: LA: M4: M3 (%) 11.152 Apr 2026 monthly Dec 2002 - Apr 2026
YoY: DCS: LA: M4: M3: Deposit Substitutes (%) 8.570 Apr 2026 monthly Dec 2002 - Apr 2026
YoY: DCS: LA: M4: M3: M2 (%) 3.983 Apr 2026 monthly Dec 2002 - Apr 2026
DCS: Domestic Claims (DC) (PHP mn) 23,366,424.996 Apr 2026 monthly Dec 2001 - Apr 2026
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 5.000 May 2026 monthly May 1986 - May 2026
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
CL: PBS: Real Estate: Residential (PHP bn) 1,193.681 Dec 2025 quarterly Mar 2008 - Dec 2025
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 3,805.301 Dec 2025 quarterly Mar 2008 - Dec 2025
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) -15.2 Dec 2025 quarterly Jun 2002 - Dec 2025
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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