Philippines Industrial Production Index Growth

2002 - 2023 | Monthly | % | CEIC Data

Key information about Philippines Industrial Production Index Growth

  • Philippines Industrial production rose 5.7 % YoY in Jul 2023, following an increase of 3.4 % YoY in the previous month.
  • Philippines Industrial production index growth rate YoY data is updated monthly, available from Jan 2002 to Jul 2023, with an average rate of 2.7 %.
  • The data reached an all-time high of 534.4 % in Jul 2021 and a record low of -82.2 % in Aug 2020.

CEIC calculates monthly Industrial Production Index Growth from monthly Industrial Production Index. Philippine Statistics Authority provides Industrial Production Index with base 2018=100. Industrial Production Index covers Manufacturing sector only.

View Philippines's Industrial Production Index Growth from Jan 2002 to Jul 2023 in the chart:

Philippines Industrial Production Index Growth

What was Philippines's Industrial Production Index Growth in Jul 2023?

Philippines Industrial production rose 5.7 % YoY in Jul 2023, following an increase of 3.4 % YoY in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
5.7 Jul 2023 3.4 Jun 2023 -82.2 Aug 2020 534.4 Jul 2021 % monthly Jan 2002 - Jul 2023

Industrial Production Index Growth by Country Comparison

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Includes Industrial Production Index Growth on 105 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) -13.5 Jun 2023 quarterly Mar 2006 - Jun 2023
Algeria (%) 2.8 Dec 2022 quarterly Mar 1996 - Dec 2022
Argentina (2004=100) 132.4 Jul 2023 monthly Jan 2016 - Jul 2023
Armenia (%) -2.4 Jul 2023 monthly Jan 2008 - Jul 2023
Australia (%) 1.7 Jun 2023 quarterly Sep 1975 - Jun 2023
Austria (%) 1.1 Apr 2023 monthly Jan 1958 - Apr 2023
Azerbaijan (%) 4.9 Aug 2023 monthly Dec 2009 - Aug 2023
Bangladesh (%) -2.6 Sep 2022 monthly Jul 1974 - Sep 2022
Belarus (%) 13.5 Aug 2023 monthly Jan 2002 - Aug 2023
Belgium (%) -3.8 Apr 2023 monthly Jan 1956 - Apr 2023
Bolivia (%) -0.5 2019 yearly 1991 - 2019
Bosnia and Herzegovina (%) 0.1 Jul 2023 monthly Jan 2007 - Jul 2023
Brazil (%) -1.5 Jul 2023 monthly Jan 1986 - Jul 2023
Bulgaria (%) -10.8 Apr 2023 monthly Jan 2001 - Apr 2023
Canada (%) -2.2 Jul 2023 monthly Jan 1958 - Jul 2023
Chile (%) -2.0 Jul 2023 monthly Jan 2010 - Jul 2023
China (%) 4.5 Aug 2023 monthly Jan 1995 - Aug 2023
Colombia (%) -3.6 Jul 2023 monthly Jan 1981 - Jul 2023
Croatia (%) 0.4 May 2023 monthly Jan 1999 - May 2023
Cyprus (%) 1.1 Jun 2023 monthly Jan 2001 - Jun 2023
Czech Republic (%) -1.9 Jul 2023 monthly Jan 1999 - Jul 2023
Denmark (%) 11.3 Apr 2023 monthly Jan 2001 - Apr 2023
Ecuador (%) 30.3 Sep 2020 monthly Jan 2017 - Sep 2020
Egypt (%) 3.0 Jul 2023 monthly Jan 2021 - Jul 2023
Estonia (%) -15.1 Apr 2023 monthly Jan 1999 - Apr 2023
European Union (%) 0.6 Apr 2023 monthly Jan 1992 - Apr 2023
Finland (%) -2.4 Apr 2023 monthly Jan 1955 - Apr 2023
France (%) 2.6 May 2023 monthly Jan 1991 - May 2023
Georgia (%) -5.3 Mar 2023 quarterly Mar 2002 - Mar 2023
Germany (%) -2.2 Jul 2023 monthly Jan 1959 - Jul 2023
Greece (%) 4.2 Apr 2023 monthly Jan 1991 - Apr 2023
Hong Kong SAR, China (%) 2.7 Jun 2023 quarterly Mar 1983 - Jun 2023
Hungary (%) -4.6 May 2023 monthly Jan 1986 - May 2023
Iceland (%) 11.7 2018 yearly 2008 - 2018
India (%) 5.2 May 2023 monthly Apr 2006 - May 2023
Indonesia (%) -1.3 Jun 2023 monthly Jan 1999 - Jun 2023
Iran (%) 12.7 Mar 2017 monthly Jan 1958 - Mar 2017
Ireland (%) 27.4 Apr 2023 monthly Jul 1976 - Apr 2023
Israel (%) -1.6 Jun 2023 monthly Jan 2005 - Jun 2023
Italy (%) -7.0 Apr 2023 monthly Jan 1954 - Apr 2023
Ivory Coast (%) 2.1 Jun 2023 monthly Feb 2022 - Jun 2023
Japan (%) -2.4 Jul 2023 monthly Jan 1954 - Jul 2023
Jordan (%) -4.7 Jul 2023 monthly Jan 2003 - Jul 2023
Kazakhstan (%) 5.4 Aug 2023 monthly Feb 2001 - Aug 2023
Kenya (%) 5.9 2021 yearly 2002 - 2021
South Korea (%) -7.9 Jul 2023 monthly Jan 1958 - Jul 2023
Kuwait (%) -10.0 Mar 2017 monthly Jan 1966 - Mar 2017
Kyrgyzstan (%) -3.3 Jul 2023 monthly Jan 1999 - Jul 2023
Latvia (%) -8.7 May 2023 monthly Jan 2001 - May 2023
Lebanon (%) 10.6 2010 yearly 1998 - 2010
Lithuania (%) -8.9 Jul 2023 monthly Jan 1999 - Jul 2023
Luxembourg (%) -4.3 Jun 2023 monthly Jan 2011 - Jun 2023
Macau SAR, China (%) 13.5 Jun 2023 quarterly Mar 2001 - Jun 2023
North Macedonia (%) -1.8 Jul 2023 monthly Jan 2004 - Jul 2023
Malawi (%) -27.7 Dec 2020 monthly Jan 2014 - Dec 2020
Malaysia (%) 1.0 Jul 2023 monthly Jan 2011 - Jul 2023
Malta (%) 14.5 Apr 2023 monthly Jan 2001 - Apr 2023
Mauritius (%) -0.7 Dec 2021 quarterly Mar 2015 - Dec 2021
Mexico (%) 4.9 Jul 2023 monthly Jan 1981 - Jul 2023
Moldova (%) -10.5 Jun 2023 monthly Jan 2004 - Jun 2023
Mongolia (%) 105.6 May 2023 monthly Jan 2010 - May 2023
Montenegro (%) -13.7 Oct 2022 monthly Jan 2001 - Oct 2022
Morocco (%) 1.9 Mar 2023 quarterly Mar 1979 - Mar 2023
Mozambique (%) -11.4 Mar 2023 monthly Jun 2012 - Mar 2023
Nepal (%) 7.9 Jul 2018 quarterly Oct 2016 - Jul 2018
Netherlands (%) -12.4 Apr 2023 monthly Jan 2001 - Apr 2023
New Zealand (%) -6.6 Dec 2022 quarterly Jun 1978 - Dec 2022
Nigeria (%) -0.5 Mar 2023 quarterly Mar 2011 - Mar 2023
Norway (%) -5.1 Apr 2023 monthly Jan 1991 - Apr 2023
Oman (%) -1.9 Apr 2017 monthly Jul 1968 - Apr 2017
Pakistan (%) -1.8 Jul 2023 monthly May 1998 - Jul 2023
Palestinian Territory (%) -10.3 Jun 2023 monthly Jan 2012 - Jun 2023
Panama (%) 0.8 Dec 2021 monthly Jan 2004 - Dec 2021
Peru (%) -14.6 Jun 2023 monthly Jan 1994 - Jun 2023
Philippines (%) 5.7 Jul 2023 monthly Jan 2002 - Jul 2023
Poland (%) -2.4 May 2023 monthly Jan 1998 - May 2023
Portugal (%) -3.7 Jun 2023 monthly Jan 1996 - Jun 2023
Qatar (%) -11.2 Mar 2017 monthly Jan 1958 - Mar 2017
Romania (%) -4.7 Apr 2023 monthly Jan 2006 - Apr 2023
Russia (%) 4.9 Jul 2023 monthly Jan 2014 - Jul 2023
Saudi Arabia (%) -9.8 Jul 2023 monthly Jan 2019 - Jul 2023
Serbia (%) 0.6 May 2023 monthly Jan 2001 - May 2023
Singapore (%) -0.6 Jul 2023 monthly Jan 1984 - Jul 2023
Slovakia (%) -2.0 Apr 2023 monthly Jan 1999 - Apr 2023
Slovenia (%) -8.8 Apr 2023 monthly Dec 1992 - Apr 2023
South Africa (%) 3.1 Jul 2023 monthly Jan 1962 - Jul 2023
Spain (%) -0.1 May 2023 monthly Jan 1962 - May 2023
Sri Lanka (%) -8.2 Apr 2023 monthly Jan 2016 - Apr 2023
Sweden (%) 2.4 Apr 2023 monthly Jan 1981 - Apr 2023
Switzerland (%) 5.2 Mar 2023 monthly Oct 2010 - Mar 2023
Syria (%) -10.0 2021 yearly 1966 - 2021
Taiwan (%) -15.0 Jul 2023 monthly Jan 1997 - Jul 2023
Tajikistan (%) 10.3 Jul 2023 monthly Jan 2000 - Jul 2023
Thailand (%) -3.3 Jul 2023 monthly Jan 2012 - Jul 2023
Tunisia (%) -2.4 Mar 2023 monthly Jan 2001 - Mar 2023
Turkey (%) -0.9 Apr 2023 monthly Jan 1987 - Apr 2023
Ukraine (%) -16.2 Mar 2023 monthly Dec 2000 - Mar 2023
United Arab Emirates (%) 2.2 Mar 2017 monthly Jan 1975 - Mar 2017
United Kingdom (%) -1.8 Apr 2023 monthly Jan 1949 - Apr 2023
United States (%) 0.2 Aug 2023 monthly Jan 1920 - Aug 2023

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Philippines Key Series

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Includes 248 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 (%) -6.4 Jun 2023 quarterly Dec 1985 - Jun 2023
Consolidated Fiscal Balance (USD mn) -870.594 Jul 2023 monthly Jan 1985 - Jul 2023
Tax Revenue (USD mn) 6,345.539 Jul 2023 monthly Jan 1985 - Jul 2023
Tax Revenue: % of GDP (%) 16.0 Jun 2023 quarterly Mar 1985 - Jun 2023
National Government Debt (USD mn) 259,709.6 Jul 2023 monthly Jan 1993 - Jul 2023
Government Debt: % of GDP (%) 61.0 Jun 2023 quarterly Mar 1993 - Jun 2023
Forecast: Government Expenditure (PHP bn) 9,580.303 2028 yearly 1989 - 2028
Forecast: Government Net Debt (PHP bn) 19,729.257 2028 yearly 1993 - 2028
Forecast: Government Revenue (PHP bn) 8,743.588 2028 yearly 1989 - 2028
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 11,143,498.000 Jul 2023 monthly Jan 2006 - Jul 2023
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 499,064.000 Jul 2023 monthly Jan 2006 - Jul 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -4,200.9 Jul 2023 monthly Jan 1957 - Jul 2023
Total Exports (USD mn) 6,144.7 Jul 2023 monthly Jan 1979 - Jul 2023
Total Exports Growth (%) -1.2 Jul 2023 monthly Jan 1980 - Jul 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) 10,345.6 Jul 2023 monthly Jan 1979 - Jul 2023
Total Imports Growth (%) -15.3 Jul 2023 monthly Jan 1980 - Jul 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) 1,040.800 Jul 2023 monthly Jan 1978 - Jul 2023
Total Imports from USA (USD mn) 687.527 Jul 2023 monthly Jan 1986 - Jul 2023
Total Exports to China (USD mn) 999.190 Jun 2023 monthly Jan 1984 - Jun 2023
Total Imports from China (USD mn) 2,381.118 Jun 2023 monthly Jan 1986 - Jun 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) 713.9 Mar 2023 monthly Jan 2005 - Mar 2023
Current Account Balance (USD mn) -1,916.9 Mar 2023 monthly Jan 1999 - Mar 2023
Current Account Balance: % of GDP (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Foreign Direct Investment (USD mn) 483.8 Jun 2023 monthly Jan 2005 - Jun 2023
Foreign Direct Investment: % of GDP (%) 1.7 Jun 2023 quarterly Mar 2005 - Jun 2023
Foreign Portfolio Investment (USD mn) -726.756 Jun 2023 quarterly Mar 2005 - Jun 2023
Foreign Portfolio Investment: % of GDP (%) 1.0 Mar 2023 quarterly Dec 1980 - Mar 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 61.7 Jun 2023 quarterly Mar 1996 - Jun 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -788.499 Jun 2023 quarterly Mar 1977 - Jun 2023
External Debt (USD mn) 117,918.3 Jun 2023 quarterly Mar 2005 - Jun 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) -4.417 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -47,040.311 Mar 2023 quarterly Dec 2012 - Mar 2023
BoP: CA: Services: Credit: Export (USD mn) 3,770.735 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: FA: Financial Derivatives (FD) (USD mn) 5.062 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: Change in Reserve Assets: Debit (USD mn) -612.094 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) 532.677 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 483.783 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 240.981 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 118.362 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Primary Income (USD mn) 343.818 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: FA: Net Incurrence of Liabilities (USD mn) 2,461.060 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Credit: Receipts (USD mn) 8.355 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: Financial Account (FA) (USD mn) -1,615.737 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Secondary Income: Debit: Payments (USD mn) 75.147 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -46.696 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Goods: Credit: Export (USD mn) 5,173.492 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Secondary Income (USD mn) 2,683.931 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Services: Debit: Import (USD mn) 2,333.216 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Goods: Debit: Import (USD mn) 10,176.637 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: Capital Account (CA) (USD mn) 7.312 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 1,581.336 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Debit: Payments (USD mn) 1.044 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: FA: Net Acquisition of Financial Assets (USD mn) 845.324 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -51.758 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Import (USD mn) 13,517.574 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Services (USD mn) 1,437.519 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Export (USD mn) 12,979.698 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: FA: Portfolio Investment (PI) (USD mn) -329.338 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 447.700 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,759.079 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: Current Account (CA) (USD mn) -537.876 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: FA: Direct Investment (DI) (USD mn) -242.802 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,276.392 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: FA: Other Investments (OI) (USD mn) -1,048.659 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Primary Income: Debit: Payments (USD mn) 932.574 Jun 2023 monthly Jan 2005 - Jun 2023
External Debt: By Country Profile: Country: USA (USD mn) 4,079.499 Jun 2023 quarterly Mar 2005 - Jun 2023
External Debt: By Country Profile: Country: UK (USD mn) 3,698.908 Jun 2023 quarterly Mar 2005 - Jun 2023
External Debt: By Country Profile: Country: Japan (USD mn) 13,274.906 Jun 2023 quarterly Mar 2005 - Jun 2023
External Debt: By Country Profile: Country: Germany (USD mn) 1,272.603 Jun 2023 quarterly Mar 2005 - Jun 2023
External Debt: Medium and Long Term (USD mn) 100,601.567 Jun 2023 quarterly Mar 2005 - Jun 2023
External Debt: By Country Profile: Country: France (USD mn) 1,214.171 Jun 2023 quarterly Mar 2005 - Jun 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.4 Jul 2023 monthly Mar 2008 - Jul 2023
Household Debt: % of GDP (%) 10.1 Jun 2023 quarterly Mar 2009 - Jun 2023
Non-Performing Loans (USD mn) 7,904.948 Jun 2023 quarterly Mar 2008 - Jun 2023
Money Supply M1 (USD mn) 116,658.567 Jun 2023 monthly Dec 1988 - Jun 2023
Money Supply M2 (USD mn) 287,202.736 Jun 2023 monthly Dec 1988 - Jun 2023
M2 Growth (%) 6.8 Jun 2023 monthly Dec 1989 - Jun 2023
Reserve Requirement Ratio (%) 9.5 Jul 2023 monthly May 1986 - Jul 2023
Foreign Exchange Reserves (USD mn) 84,777.6 Aug 2023 monthly Jan 1960 - Aug 2023
Foreign Exchange Reserves: Months of Import (NA) 8.2 Jul 2023 monthly Jan 1979 - Jul 2023
Gold Reserves (USD mn) 10,231.554 Aug 2023 monthly Dec 1956 - Aug 2023
Total Deposits (USD mn) 321,659.315 Jun 2023 quarterly Mar 2008 - Jun 2023
Total Deposits Growth (%) 8.0 Jun 2023 quarterly Mar 2009 - Jun 2023
Domestic Credit (USD mn) 310,580.4 Jun 2023 monthly Dec 2001 - Jun 2023
Domestic Credit Growth (%) 10.1 Jun 2023 monthly Dec 2002 - Jun 2023
Household Debt (USD mn) 42,353.4 Jun 2023 quarterly Mar 2009 - Jun 2023
Total Loans (USD mn) 218,347.472 Jul 2023 monthly Mar 2008 - Jul 2023
Total Loans Growth (%) 8.49 Jul 2023 monthly Mar 2009 - Jul 2023
Private Debt: % of Nominal GDP (%) 46.92 Jun 2023 quarterly Dec 2001 - Jun 2023
DCS: LA: M4: M3 (PHP mn) 16,350,071.283 Jun 2023 monthly Dec 2001 - Jun 2023
DCS: LA: M4: M3: M2 (PHP mn) 15,900,117.894 Jun 2023 monthly Dec 2001 - Jun 2023
DCS: LA: M4: M3: M2: M1 (PHP mn) 6,458,451.604 Jun 2023 monthly Dec 2001 - Jun 2023
DCS: Domestic Claims (DC) (PHP mn) 17,194,352.608 Jun 2023 monthly Dec 2001 - Jun 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 Jul 2023 monthly May 1986 - Jul 2023
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 2,344.770 Jun 2023 quarterly Mar 2009 - Jun 2023
CL: PBS: Real Estate: Residential (PHP bn) 915.152 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) -6.8 Jun 2023 quarterly Jun 2002 - Jun 2023
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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