Philippines Labour Productivity Growth

1992 - 2022 | Yearly | % | CEIC Data

Key information about Philippines Labour Productivity Growth

  • Philippines Labour Productivity improved by 2.27 % YoY in Dec 2022, compared with a growth of 0.08 % in the previous year
  • Philippines Labour Productivity Growth data is updated yearly, available from Dec 1992 to Dec 2022, averaging at 2.36 %
  • 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 improved by 2.27 % YoY in Dec 2022, compared with a growth of 0.08 % in the previous year See the table below for more data.

Last Previous Min Max Unit Frequency Range
2.27 2022 0.08 2021 -3.54 2020 8.71 2017 % yearly 1992 - 2022

Labour Productivity Growth by Country Comparison

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Includes Labour Productivity Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) -1.57 Mar 2023 quarterly Mar 2010 - Mar 2023
Algeria (%) -0.20 2022 yearly 1992 - 2022
Argentina (%) -3.50 2022 yearly 1992 - 2022
Armenia (%) 6.23 Mar 2023 quarterly Mar 2009 - Mar 2023
Australia (%) -0.90 Jun 2023 quarterly Jun 1979 - Jun 2023
Austria (%) -2.00 Jun 2023 quarterly Mar 2005 - Jun 2023
Azerbaijan (%) -1.17 Mar 2023 quarterly Mar 2009 - Mar 2023
Bahrain (%) -4.00 Dec 2022 quarterly Mar 2009 - Dec 2022
Bangladesh (%) 3.92 2022 yearly 1992 - 2022
Belarus (%) -4.94 Dec 2022 quarterly Mar 2006 - Dec 2022
Belgium (%) 0.41 Jun 2023 quarterly Mar 2000 - Jun 2023
Bolivia (%) -0.76 2022 yearly 2000 - 2022
Bosnia and Herzegovina (%) 2.91 2022 yearly 2007 - 2022
Botswana (%) 2.41 Dec 2021 quarterly Sep 2008 - Dec 2021
Brazil (%) -4.18 2022 yearly 1992 - 2022
Brunei (%) -0.76 2022 yearly 1992 - 2022
Bulgaria (%) 1.72 Jun 2023 quarterly Mar 2001 - Jun 2023
Cambodia (%) 1.17 2021 yearly 2008 - 2021
Canada (%) -0.97 Jun 2023 quarterly Mar 1977 - Jun 2023
Chile (%) -3.10 Jun 2023 quarterly Mar 1987 - Jun 2023
China (%) 4.82 2022 yearly 1953 - 2022
Colombia (%) -2.89 Jun 2023 quarterly Mar 2002 - Jun 2023
Croatia (%) 9.85 Mar 2023 quarterly Mar 2008 - Mar 2023
Cyprus (%) -0.05 Mar 2023 quarterly Jun 2005 - Mar 2023
Czech Republic (%) -1.25 Mar 2023 quarterly Mar 1997 - Mar 2023
Denmark (%) -0.11 Jun 2023 quarterly Mar 1991 - Jun 2023
Ecuador (%) 0.87 2022 yearly 1992 - 2022
Egypt (%) 1.34 Dec 2022 quarterly Mar 2004 - Dec 2022
Estonia (%) -7.86 Mar 2023 quarterly Mar 1996 - Mar 2023
European Union (%) -0.31 Mar 2023 quarterly Mar 2006 - Mar 2023
Finland (%) -1.39 Jun 2023 quarterly Mar 1991 - Jun 2023
France (%) -0.19 2022 yearly 1979 - 2022
Georgia (%) 4.42 2022 yearly 1997 - 2022
Germany (%) -1.35 Jun 2023 quarterly Mar 1992 - Jun 2023
Ghana (%) 0.41 2022 yearly 1992 - 2022
Greece (%) 1.63 Jun 2023 quarterly Mar 1996 - Jun 2023
Hong Kong SAR, China (%) 1.51 Mar 2023 quarterly Dec 1982 - Mar 2023
Hungary (%) -1.40 Mar 2023 quarterly Mar 1999 - Mar 2023
Iceland (%) -0.87 Jun 2023 quarterly Mar 2004 - Jun 2023
India (%) 2.53 2022 yearly 1992 - 2022
Indonesia (%) 2.00 2022 yearly 2001 - 2022
Iran (%) 0.24 2022 yearly 1992 - 2022
Ireland (%) -3.99 Jun 2023 quarterly Mar 1999 - Jun 2023
Israel (%) -0.67 Jun 2023 quarterly Mar 2013 - Jun 2023
Italy (%) -0.86 Jun 2023 quarterly Mar 1997 - Jun 2023
Ivory Coast (%) 2.28 2022 yearly 1992 - 2022
Japan (%) 1.28 Jun 2023 quarterly Mar 1995 - Jun 2023
Jordan (%) -2.32 2020 yearly 2001 - 2020
Kazakhstan (%) 3.74 Dec 2022 quarterly Mar 2002 - Dec 2022
Kenya (%) -2.44 2021 yearly 2011 - 2021
South Korea (%) -0.33 Jun 2023 quarterly Sep 1983 - Jun 2023
Kosovo (%) 0.99 Dec 2022 quarterly Mar 2017 - Dec 2022
Kuwait (%) 1.29 2018 yearly 1993 - 2018
Kyrgyzstan (%) 4.55 2022 yearly 1993 - 2022
Laos (%) 0.54 2021 yearly 1992 - 2021
Latvia (%) -0.79 Jun 2023 quarterly Mar 2003 - Jun 2023
Lebanon (%) -9.35 2021 yearly 1992 - 2021
Lithuania (%) 0.63 Jun 2023 quarterly Mar 1996 - Jun 2023
Luxembourg (%) -4.14 Jun 2023 quarterly Mar 1996 - Jun 2023
Macau SAR, China (%) 119.18 Jun 2023 quarterly Mar 2002 - Jun 2023
North Macedonia (%) 3.37 Mar 2023 quarterly Mar 2005 - Mar 2023
Malawi (%) -2.62 2022 yearly 1992 - 2022
Malaysia (%) 0.02 Jun 2023 quarterly Mar 2001 - Jun 2023
Malta (%) -1.02 Jun 2023 quarterly Dec 2001 - Jun 2023
Mauritius (%) 3.28 Dec 2022 quarterly Mar 2005 - Dec 2022
Mexico (%) 1.64 Jun 2023 quarterly Jun 1996 - Jun 2023
Moldova (%) -12.20 Dec 2022 quarterly Mar 2001 - Dec 2022
Mongolia (%) 5.86 Jun 2023 quarterly Sep 2007 - Jun 2023
Montenegro (%) -6.91 Dec 2022 quarterly Mar 2011 - Dec 2022
Morocco (%) 5.72 2021 yearly 2000 - 2021
Mozambique (%) 0.59 2022 yearly 1992 - 2022
Myanmar (%) 63.00 2021 yearly 1992 - 2021
Nepal (%) 0.19 2021 yearly 1992 - 2021
Netherlands (%) -1.86 Jun 2023 quarterly Mar 1996 - Jun 2023
New Zealand (%) -1.17 Mar 2023 quarterly Jun 1988 - Mar 2023
Nigeria (%) 1.14 Sep 2018 quarterly Mar 2013 - Sep 2018
Norway (%) -0.91 Jun 2023 quarterly Mar 1996 - Jun 2023
Oman (%) -10.26 2022 yearly 1999 - 2022
Pakistan (%) -1.23 2019 yearly 2001 - 2019
Palestinian Territory (%) -0.30 Mar 2023 quarterly Dec 2009 - Mar 2023
Panama (%) 4.70 2022 yearly 1992 - 2022
Paraguay (%) 1.37 Dec 2022 quarterly Mar 2018 - Dec 2022
Peru (%) -1.00 2022 yearly 2002 - 2022
Philippines (%) 2.27 2022 yearly 1992 - 2022
Poland (%) -1.76 Jun 2023 quarterly Dec 1999 - Jun 2023
Portugal (%) 0.25 Jun 2023 quarterly Mar 1996 - Jun 2023
Qatar (%) -0.98 2019 yearly 2012 - 2019
Romania (%) 3.65 Mar 2023 quarterly Mar 1996 - Mar 2023
Russia (%) -3.61 Mar 2023 quarterly Mar 1996 - Mar 2023
Saudi Arabia (%) -3.88 2022 yearly 1971 - 2022
Serbia (%) 4.38 Jun 2023 quarterly Mar 2015 - Jun 2023
Singapore (%) -4.90 Jun 2023 quarterly Mar 1986 - Jun 2023
Slovakia (%) 1.29 Jun 2023 quarterly Mar 1996 - Jun 2023
Slovenia (%) 0.24 Jun 2023 quarterly Mar 1996 - Jun 2023
South Africa (%) -3.26 Jun 2023 quarterly Mar 2009 - Jun 2023
Spain (%) 2.02 Mar 2023 quarterly Mar 1996 - Mar 2023
Sri Lanka (%) -9.48 Mar 2023 quarterly Jun 2013 - Mar 2023
Sudan (%) 3.26 2010 yearly 1996 - 2010
Sweden (%) -3.06 Jun 2023 quarterly Mar 1994 - Jun 2023
Switzerland (%) -2.90 Jun 2023 quarterly Mar 2011 - Jun 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: Medicinal and Pharmaceutical Products (USD mn) 108.103 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Iron and Steel (USD mn) 382.669 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: Change in Reserve Assets: Debit (USD mn) -612.094 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: FA: Financial Derivatives (FD) (USD mn) 5.062 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Services: Credit: Export (USD mn) 3,770.735 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: OI: Net Acquisition of Financial Assets (USD mn) 532.677 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: FA: DI: Net Acquisition of Financial Assets (USD mn) 240.981 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: FA: PI: Net Acquisition of Financial Assets (USD mn) 118.362 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: Capital Account (CA) (USD mn) 7.312 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 Incurrence of Liabilities (USD mn) 2,461.060 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: Primary Income (USD mn) 343.818 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Services (USD mn) 1,437.519 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Import (USD mn) 13,517.574 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Credit: Receipts (USD mn) 8.355 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: FA: Portfolio Investment (PI) (USD mn) -329.338 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: FA: PI: Net Incurrence of Liabilities (USD mn) 447.700 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Export (USD mn) 12,979.698 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: FA: Direct Investment (DI) (USD mn) -242.802 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Primary Income: Debit: Payments (USD mn) 932.574 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: Current Account (CA) (USD mn) -537.876 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
External Debt: Medium and Long Term (USD mn) 100,601.567 Jun 2023 quarterly Mar 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: Japan (USD mn) 13,274.906 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: France (USD mn) 1,214.171 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
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: M2 (PHP mn) 15,900,117.894 Jun 2023 monthly 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: 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
CL: PBS: Real Estate: Residential (PHP bn) 915.152 Jun 2023 quarterly Mar 2009 - Jun 2023
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) -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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