Philippines Labour Productivity Growth

1992 - 2022 | Yearly | % | CEIC Data

Key information about Philippines Labour Productivity Growth

  • Philippines Labour Productivity dropped by 0.82 % YoY in Dec 2022, compared with a growth of 1.45 % in the previous year
  • Philippines Labour Productivity Growth data is updated yearly, available from Dec 1992 to Dec 2022, averaging at 2.33 %
  • The data reached an all-time high of 8.71 % in Dec 2017 and a record low of -3.54 % in Dec 2020

CEIC calculates Labour Productivity Growth from annual GDP per person employed. The World Bank provides annual GDP per person employed in International dollars. Purchasing power parity (PPP) GDP is used which is GDP converted to 2017 constant international dollars using PPP rates

View Philippines's Labour Productivity Growth from 1992 to 2022 in the chart:

Philippines Labour Productivity Growth

What was Philippines's Labour Productivity Growth in 2022?

Philippines Labour Productivity dropped by 0.82 % YoY in Dec 2022, compared with a growth of 1.45 % in the previous year See the table below for more data.

Last Previous Min Max Unit Frequency Range
-0.82 2022 1.45 2021 -3.54 2020 8.71 2017 % yearly 1992 - 2022

Labour Productivity Growth by Country Comparison

Buy Selected Data

Includes Labour Productivity Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 0.50 Jun 2023 quarterly Mar 2010 - Jun 2023
Algeria (%) -4.67 2022 yearly 1992 - 2022
Argentina (%) -3.50 2022 yearly 1992 - 2022
Armenia (%) 5.60 Sep 2023 quarterly Mar 2009 - Sep 2023
Australia (%) -0.56 Sep 2023 quarterly Jun 1979 - Sep 2023
Austria (%) -2.26 Jun 2023 quarterly Mar 2005 - Jun 2023
Azerbaijan (%) 0.47 Sep 2023 quarterly Mar 2009 - Sep 2023
Bahrain (%) -3.69 Jun 2023 quarterly Mar 2009 - Jun 2023
Bangladesh (%) 5.11 2022 yearly 1992 - 2022
Belarus (%) 7.87 Sep 2023 quarterly Mar 2006 - Sep 2023
Belgium (%) 1.00 Sep 2023 quarterly Mar 2000 - Sep 2023
Bolivia (%) -0.64 2022 yearly 2000 - 2022
Bosnia and Herzegovina (%) 3.24 2022 yearly 2007 - 2022
Botswana (%) 7.30 Dec 2022 quarterly Sep 2008 - Dec 2022
Brazil (%) 1.52 2023 yearly 1992 - 2023
Brunei (%) -0.76 2022 yearly 1992 - 2022
Bulgaria (%) 0.67 Jun 2023 quarterly Mar 2001 - Jun 2023
Cambodia (%) 1.17 2021 yearly 2008 - 2021
Canada (%) -1.21 Dec 2023 quarterly Mar 1977 - Dec 2023
Chile (%) -1.31 Sep 2023 quarterly Mar 1987 - Sep 2023
China (%) 4.22 2023 yearly 1953 - 2023
Colombia (%) -2.02 Dec 2023 quarterly Mar 2002 - Dec 2023
Croatia (%) 8.79 Jun 2023 quarterly Mar 2008 - Jun 2023
Cyprus (%) 0.57 Dec 2023 quarterly Jun 2005 - Dec 2023
Czech Republic (%) 1.06 Sep 2023 quarterly Mar 1997 - Sep 2023
Denmark (%) 2.32 Dec 2023 quarterly Mar 1991 - Dec 2023
Ecuador (%) 0.87 2022 yearly 1992 - 2022
Egypt (%) -0.59 Jun 2023 quarterly Mar 2004 - Jun 2023
Estonia (%) -4.78 Dec 2023 quarterly Mar 1996 - Dec 2023
European Union (%) -0.80 Jun 2023 quarterly Mar 2006 - Jun 2023
Finland (%) -0.73 Sep 2023 quarterly Mar 1991 - Sep 2023
France (%) -0.19 2022 yearly 1979 - 2022
Georgia (%) 4.42 2022 yearly 1997 - 2022
Germany (%) -0.88 Dec 2023 quarterly Mar 1992 - Dec 2023
Ghana (%) -0.40 2022 yearly 1992 - 2022
Greece (%) 1.63 Jun 2023 quarterly Mar 1996 - Jun 2023
Hong Kong SAR, China (%) 4.63 Dec 2023 quarterly Dec 1982 - Dec 2023
Hungary (%) -1.40 Mar 2023 quarterly Mar 1999 - Mar 2023
Iceland (%) -2.99 Dec 2023 quarterly Mar 2004 - Dec 2023
India (%) 2.38 2022 yearly 1992 - 2022
Indonesia (%) 1.63 2023 yearly 2001 - 2023
Iran (%) -2.03 2022 yearly 1992 - 2022
Ireland (%) -11.70 Dec 2023 quarterly Mar 1999 - Dec 2023
Israel (%) -6.07 Dec 2023 quarterly Mar 2013 - Dec 2023
Italy (%) -1.13 Dec 2023 quarterly Mar 1997 - Dec 2023
Ivory Coast (%) 3.02 2022 yearly 1992 - 2022
Japan (%) 0.49 Dec 2023 quarterly Mar 1995 - Dec 2023
Jordan (%) 1.17 2021 yearly 2001 - 2021
Kazakhstan (%) 2.00 Sep 2023 quarterly Mar 2002 - Sep 2023
Kenya (%) -2.44 2021 yearly 2011 - 2021
South Korea (%) 1.11 Dec 2023 quarterly Sep 1983 - Dec 2023
Kosovo (%) -0.46 Mar 2023 quarterly Mar 2017 - Mar 2023
Kuwait (%) 1.29 2018 yearly 1993 - 2018
Kyrgyzstan (%) 4.55 2022 yearly 1993 - 2022
Laos (%) -0.89 2022 yearly 1992 - 2022
Latvia (%) -1.41 Jun 2023 quarterly Mar 2003 - Jun 2023
Lebanon (%) -9.16 2021 yearly 1992 - 2021
Lithuania (%) -2.16 Dec 2023 quarterly Mar 1996 - Dec 2023
Luxembourg (%) -3.69 Sep 2023 quarterly Mar 1996 - Sep 2023
Macau SAR, China (%) 80.89 Dec 2023 quarterly Mar 2002 - Dec 2023
North Macedonia (%) 1.22 Sep 2023 quarterly Mar 2005 - Sep 2023
Malawi (%) -4.08 2022 yearly 1992 - 2022
Malaysia (%) 0.46 Dec 2023 quarterly Mar 2001 - Dec 2023
Malta (%) 2.07 Sep 2023 quarterly Dec 2001 - Sep 2023
Mauritius (%) 4.55 Sep 2023 quarterly Mar 2005 - Sep 2023
Mexico (%) 0.64 Dec 2023 quarterly Jun 1996 - Dec 2023
Moldova (%) -4.49 Jun 2023 quarterly Mar 2001 - Jun 2023
Mongolia (%) 3.77 Dec 2023 quarterly Sep 2007 - Dec 2023
Montenegro (%) -5.22 Sep 2023 quarterly Mar 2011 - Sep 2023
Morocco (%) 5.72 2021 yearly 2000 - 2021
Mozambique (%) -0.29 2022 yearly 1992 - 2022
Myanmar (%) 63.00 2021 yearly 1992 - 2021
Nepal (%) 0.58 2022 yearly 1992 - 2022
Netherlands (%) -1.26 Dec 2023 quarterly Mar 1996 - Dec 2023
New Zealand (%) -4.09 Sep 2023 quarterly Jun 1988 - Sep 2023
Nigeria (%) 1.14 Sep 2018 quarterly Mar 2013 - Sep 2018
Norway (%) -0.17 Dec 2023 quarterly Mar 1996 - Dec 2023
Oman (%) -5.73 2022 yearly 1999 - 2022
Pakistan (%) -1.23 2019 yearly 2001 - 2019
Palestinian Territory (%) 1.78 Sep 2023 quarterly Dec 2009 - Sep 2023
Panama (%) 5.30 2022 yearly 1992 - 2022
Paraguay (%) 1.10 Sep 2023 quarterly Mar 2018 - Sep 2023
Peru (%) -1.00 2022 yearly 2002 - 2022
Philippines (%) -0.82 2022 yearly 1992 - 2022
Poland (%) 1.43 Dec 2023 quarterly Dec 1999 - Dec 2023
Portugal (%) 0.97 Dec 2023 quarterly Mar 1996 - Dec 2023
Qatar (%) -0.98 2019 yearly 2012 - 2019
Romania (%) 3.04 Jun 2023 quarterly Mar 1996 - Jun 2023
Russia (%) 2.89 Sep 2023 quarterly Mar 1996 - Sep 2023
Saudi Arabia (%) -3.93 2022 yearly 1971 - 2022
Serbia (%) 4.48 Dec 2023 quarterly Mar 2015 - Dec 2023
Singapore (%) -0.80 Dec 2023 quarterly Mar 1986 - Dec 2023
Slovakia (%) 1.29 Jun 2023 quarterly Mar 1996 - Jun 2023
Slovenia (%) 0.07 Sep 2023 quarterly Mar 1996 - Sep 2023
South Africa (%) -3.26 Jun 2023 quarterly Mar 2009 - Jun 2023
Spain (%) -1.53 Dec 2023 quarterly Mar 1996 - Dec 2023
Sri Lanka (%) 1.62 Sep 2023 quarterly Jun 2013 - Sep 2023
Sudan (%) 3.26 2010 yearly 1996 - 2010
Sweden (%) -1.16 Dec 2023 quarterly Mar 1994 - Dec 2023
Switzerland (%) -2.27 Dec 2023 quarterly Mar 2011 - Dec 2023

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Philippines Key Series

Buy Selected Data

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: OI: Net Acquisition of Financial Assets (USD mn) -808.117 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: 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: CA: Credit: Receipts (USD mn) 7.399 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: Financial Account (FA) (USD mn) -1,363.077 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: FA: FD: Net Acquisition of Financial Assets (USD mn) -56.669 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: Services: Debit: Import (USD mn) 2,643.641 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: Goods: Debit: Import (USD mn) 10,238.108 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Goods (USD mn) -5,160.355 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: Debit: Payments (USD mn) 0.603 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: Capital Account (CA) (USD mn) 6.796 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: FA: FD: Net Incurrence of Liabilities (USD mn) -39.989 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: CA: Secondary Income: Credit: Receipts (USD mn) 2,770.534 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: Direct Investment (DI) (USD mn) -244.322 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: FA: Other Investments (OI) (USD mn) -2,044.322 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: Debit: Payments (USD mn) 910.539 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
External Debt: Medium and Long Term (USD mn) 101,675.382 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: Japan (USD mn) 14,804.858 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: France (USD mn) 1,202.896 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
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 (%) 3.2 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: M2 (PHP mn) 16,273,779.834 Nov 2023 monthly Dec 2001 - Nov 2023
DCS: LA: M4: M3 (PHP mn) 16,761,935.835 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

More Indicators for Philippines

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data