Philippines Labour Productivity Growth

1992 - 2020 | Yearly | % | CEIC Data

Key information about Philippines Labour Productivity Growth

  • Philippines Labour Productivity dropped by 3.46 % YoY in Dec 2020, compared with a growth of 3.04 % in the previous year
  • Philippines Labour Productivity Growth data is updated yearly, available from Dec 1992 to Dec 2020, averaging at 2.58 %
  • The data reached an all-time high of 8.87 % in Dec 2017 and a record low of -3.46 % 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 2020 in the chart:

Philippines Labour Productivity Growth

What was Philippines's Labour Productivity Growth in 2020?

Philippines Labour Productivity dropped by 3.46 % YoY in Dec 2020, compared with a growth of 3.04 % in the previous year See the table below for more data.

Last Previous Min Max Unit Frequency Range
-3.46 2020 3.04 2019 -3.46 2020 8.87 2017 % yearly 1992 - 2020

Labour Productivity Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) 15.93 Jun 2021 quarterly Mar 2010 - Jun 2021
Algeria (%) 0.30 2020 yearly 1992 - 2020
Argentina (%) -2.41 2020 yearly 1992 - 2020
Armenia (%) 2.04 Dec 2021 quarterly Mar 2009 - Dec 2021
Australia (%) 1.95 Dec 2021 quarterly Jun 1979 - Dec 2021
Austria (%) 3.98 Dec 2021 quarterly Mar 2005 - Dec 2021
Azerbaijan (%) 6.09 Dec 2021 quarterly Mar 2009 - Dec 2021
Bahrain (%) 5.51 Mar 2021 quarterly Mar 2009 - Mar 2021
Bangladesh (%) 5.83 2020 yearly 1992 - 2020
Belarus (%) 3.11 Dec 2021 quarterly Mar 2006 - Dec 2021
Belgium (%) 2.46 Dec 2021 quarterly Mar 2000 - Dec 2021
Bolivia (%) 6.71 2017 yearly 2000 - 2017
Bosnia and Herzegovina (%) 2.94 2018 yearly 2007 - 2018
Botswana (%) -3.03 Dec 2020 quarterly Sep 2008 - Dec 2020
Brazil (%) 5.85 2020 yearly 1992 - 2020
Brunei (%) 1.58 2020 yearly 1992 - 2020
Bulgaria (%) 4.35 Dec 2021 quarterly Mar 2001 - Dec 2021
Cambodia (%) 5.07 2017 yearly 2008 - 2017
Canada (%) -0.91 Dec 2021 quarterly Mar 1977 - Dec 2021
Chile (%) 2.92 Dec 2021 quarterly Mar 1987 - Dec 2021
China (%) 8.70 2021 yearly 1953 - 2021
Colombia (%) 8.16 Dec 2021 quarterly Mar 2002 - Dec 2021
Croatia (%) 13.98 Sep 2021 quarterly Mar 2008 - Sep 2021
Cyprus (%) 0.55 Dec 2021 quarterly Jun 2005 - Dec 2021
Czech Republic (%) 2.85 Dec 2021 quarterly Dec 2004 - Dec 2021
Denmark (%) 2.21 Dec 2021 quarterly Mar 1991 - Dec 2021
Ecuador (%) 2.05 2020 yearly 1992 - 2020
Egypt (%) -3.80 Jun 2021 quarterly Mar 2004 - Jun 2021
Estonia (%) 6.83 Dec 2021 quarterly Mar 1996 - Dec 2021
European Union (%) 2.99 Dec 2021 quarterly Mar 2006 - Dec 2021
Finland (%) 0.68 Dec 2021 quarterly Mar 1991 - Dec 2021
France (%) -6.98 2020 yearly 1979 - 2020
Georgia (%) 12.57 2021 yearly 1997 - 2021
Germany (%) 0.84 Dec 2021 quarterly Mar 1992 - Dec 2021
Ghana (%) -0.78 2020 yearly 1992 - 2020
Greece (%) 3.65 Dec 2021 quarterly Mar 1996 - Dec 2021
Hong Kong SAR, China (%) -3.57 Mar 2022 quarterly Dec 1982 - Mar 2022
Hungary (%) 5.55 Dec 2021 quarterly Mar 1999 - Dec 2021
Iceland (%) -3.97 Dec 2021 quarterly Mar 2004 - Dec 2021
India (%) 0.70 2020 yearly 1992 - 2020
Indonesia (%) 1.64 2021 yearly 2001 - 2021
Iran (%) 10.79 2020 yearly 1992 - 2020
Ireland (%) -0.40 Dec 2021 quarterly Mar 1999 - Dec 2021
Israel (%) 2.20 Dec 2020 quarterly Mar 2013 - Dec 2020
Italy (%) 4.39 Dec 2021 quarterly Mar 1997 - Dec 2021
Ivory Coast (%) 0.18 2020 yearly 1992 - 2020
Japan (%) 0.94 Dec 2021 quarterly Mar 1995 - Dec 2021
Jordan (%) 0.44 2017 yearly 2001 - 2017
Kazakhstan (%) 4.67 Sep 2021 quarterly Mar 2002 - Sep 2021
Kenya (%) 0.57 2019 yearly 2011 - 2019
South Korea (%) -0.70 Mar 2022 quarterly Sep 1983 - Mar 2022
Kosovo (%) 2.92 Mar 2021 quarterly Mar 2017 - Mar 2021
Kuwait (%) -1.66 2020 yearly 1996 - 2020
Kyrgyzstan (%) -8.49 2020 yearly 1993 - 2020
Laos (%) -0.35 2020 yearly 1992 - 2020
Latvia (%) 5.61 Dec 2021 quarterly Mar 2003 - Dec 2021
Lebanon (%) -16.39 2020 yearly 1992 - 2020
Lithuania (%) 2.20 Dec 2021 quarterly Mar 1996 - Dec 2021
Luxembourg (%) 1.18 Dec 2021 quarterly Mar 1996 - Dec 2021
Macau SAR, China (%) -1.43 Dec 2021 quarterly Mar 2002 - Dec 2021
North Macedonia (%) 1.59 Dec 2021 quarterly Mar 2005 - Dec 2021
Malawi (%) 1.23 2020 yearly 1992 - 2020
Malaysia (%) 2.70 Mar 2022 quarterly Mar 2001 - Mar 2022
Malta (%) 4.71 Dec 2021 quarterly Dec 2001 - Dec 2021
Mauritius (%) 9.08 Dec 2021 quarterly Mar 2005 - Dec 2021
Mexico (%) -4.76 Dec 2021 quarterly Jun 1996 - Dec 2021
Moldova (%) 18.60 Dec 2021 quarterly Mar 2001 - Dec 2021
Mongolia (%) -10.11 Mar 2022 quarterly Sep 2007 - Mar 2022
Montenegro (%) -6.62 Dec 2021 quarterly Mar 2011 - Dec 2021
Morocco (%) -2.45 2020 yearly 2000 - 2020
Mozambique (%) -3.31 2020 yearly 1992 - 2020
Myanmar (%) 7.44 2020 yearly 1992 - 2020
Nepal (%) 4.24 2020 yearly 1992 - 2020
Netherlands (%) 3.01 Dec 2021 quarterly Mar 1996 - Dec 2021
New Zealand (%) -1.77 Dec 2021 quarterly Jun 1988 - Dec 2021
Nigeria (%) 1.14 Sep 2018 quarterly Mar 2013 - Sep 2018
Norway (%) 0.65 Mar 2022 quarterly Mar 1996 - Mar 2022
Oman (%) 12.26 2020 yearly 1999 - 2020
Pakistan (%) -1.23 2019 yearly 2001 - 2019
Palestinian Territory (%) 1.32 Dec 2021 quarterly Jun 2013 - Dec 2021
Panama (%) -0.50 2020 yearly 1992 - 2020
Paraguay (%) -1.05 Dec 2021 quarterly Mar 2018 - Dec 2021
Peru (%) 2.31 2020 yearly 2002 - 2020
Philippines (%) -3.46 2020 yearly 1992 - 2020
Poland (%) -2.66 Dec 2020 quarterly Dec 1999 - Dec 2020
Portugal (%) 3.93 Dec 2021 quarterly Mar 1996 - Dec 2021
Qatar (%) -0.98 2019 yearly 2012 - 2019
Romania (%) 12.59 Dec 2021 quarterly Mar 1996 - Dec 2021
Russia (%) 2.48 Dec 2021 quarterly Mar 1996 - Dec 2021
Saudi Arabia (%) 5.41 2021 yearly 1971 - 2021
Serbia (%) 7.15 Dec 2021 quarterly Mar 2015 - Dec 2021
Singapore (%) 5.80 Dec 2021 quarterly Mar 1986 - Dec 2021
Slovakia (%) -1.52 Dec 2021 quarterly Mar 1996 - Dec 2021
Slovenia (%) 7.55 Dec 2021 quarterly Mar 1996 - Dec 2021
South Africa (%) 5.03 Dec 2021 quarterly Mar 2009 - Dec 2021
Spain (%) 2.45 Mar 2022 quarterly Mar 1996 - Mar 2022
Sri Lanka (%) 0.31 Dec 2021 quarterly Jun 2013 - Dec 2021
Sudan (%) 3.26 2010 yearly 1996 - 2010
Sweden (%) 5.16 Dec 2021 quarterly Mar 1994 - Dec 2021
Switzerland (%) 3.41 Dec 2021 quarterly Mar 2011 - Dec 2021

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Philippines Key Series

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Includes 261 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 (%) -8.3 Mar 2022 quarterly Dec 1985 - Mar 2022
Consolidated Fiscal Balance (USD mn) -3,603.833 Mar 2022 monthly Jan 1985 - Mar 2022
Tax Revenue (USD mn) 4,687.483 Mar 2022 monthly Jan 1985 - Mar 2022
Tax Revenue: % of GDP (%) 14.1 Mar 2022 quarterly Mar 1985 - Mar 2022
National Government Debt (USD mn) 244,029.7 Mar 2022 monthly Jan 1993 - Mar 2022
Government Debt: % of GDP (%) 63.5 Mar 2022 quarterly Mar 1993 - Mar 2022
Forecast: Government Expenditure (PHP bn) 7,838.262 2027 yearly 1989 - 2027
Forecast: Government Net Debt (PHP bn) 18,870.859 2027 yearly 1993 - 2027
Forecast: Government Revenue (PHP bn) 7,298.928 2027 yearly 1989 - 2027
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 656,601.000 Mar 2022 monthly Jan 2006 - Mar 2022
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 8,137,738.000 Mar 2022 monthly Jan 2006 - Mar 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 11.010 2027 yearly 1980 - 2027
Trade Balance (USD mn) -5,003.9 Mar 2022 monthly Jan 1957 - Mar 2022
Total Exports (USD mn) 5,308.7 Feb 2021 monthly Jan 1979 - Feb 2021
Total Exports Growth (%) 5.9 Mar 2022 monthly Jan 1980 - Mar 2022
Aluminum: Exports (USD th) 135,862.497 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 39,815.275 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 9,366.205 2020 yearly 1995 - 2020
Total Imports (USD mn) 8,448.9 Apr 2021 monthly Jan 1979 - Apr 2021
Total Imports Growth (%) 27.7 Mar 2022 monthly Jan 1980 - Mar 2022
Imports: Medicament (USD th) 1,362,507.431 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 475,680.308 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 1,089.989 Mar 2022 monthly Jan 1978 - Mar 2022
Total Imports from USA (USD mn) 481.150 Feb 2021 monthly Jan 1986 - Feb 2021
Total Exports to China (USD mn) 953.227 Apr 2021 monthly Jan 1984 - Apr 2021
Total Imports from China (USD mn) 2,211.877 Mar 2021 monthly Jan 1986 - Mar 2021
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) 502.5 Dec 2021 monthly Jan 2005 - Dec 2021
Current Account Balance (USD mn) -2,045.9 Dec 2021 monthly Jan 1999 - Dec 2021
Current Account Balance: % of GDP (%) -3.5 Dec 2021 quarterly Mar 1981 - Dec 2021
Foreign Direct Investment (USD mn) 893.1 Feb 2022 monthly Jan 2005 - Feb 2022
Foreign Direct Investment: % of GDP (%) 2.7 Dec 2021 quarterly Mar 2005 - Dec 2021
Foreign Portfolio Investment (USD mn) -228.061 Dec 2021 quarterly Mar 2005 - Dec 2021
Foreign Portfolio Investment: % of GDP (%) -0.2 Dec 2021 quarterly Dec 1980 - Dec 2021
Foreign Portfolio Investment: Equity Securities (USD mn) 1,685.4 Dec 2021 quarterly Mar 1996 - Dec 2021
Foreign Portfolio Investment: Debt Securities (USD mn) -1,913.412 Dec 2021 quarterly Mar 1977 - Dec 2021
External Debt (USD mn) 106,428.3 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: % of GDP (%) 27.0 2021 yearly 1990 - 2021
External Debt: Short Term (USD mn) 15,089.6 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: Short Term: % of GDP (%) 3.8 2021 yearly 2005 - 2021
Forecast: Current Account Balance (USD bn) -10.984 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) -27,602.578 Dec 2021 quarterly Dec 2012 - Dec 2021
BoP: Change in Reserve Assets: Debit (USD mn) 973.435 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 893.098 Feb 2022 monthly Jan 2005 - Feb 2022
BoP: Financial Account (FA) (USD mn) -3,079.011 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Secondary Income (USD mn) 2,817.616 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 675.964 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Export (USD mn) 11,691.962 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: Current Account (CA) (USD mn) -2,045.892 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: Financial Derivatives (FD) (USD mn) -73.003 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Primary Income (USD mn) 198.245 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -99.266 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Goods: Debit: Import (USD mn) 10,698.213 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -26.262 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 2,778.031 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: Other Investments (OI) (USD mn) 857.366 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Services: Credit: Export (USD mn) 3,174.440 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) -521.729 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Secondary Income: Debit: Payments (USD mn) 84.206 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Services: Debit: Import (USD mn) 2,039.883 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: Net Acquisition of Financial Assets (USD mn) 1,414.849 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: Portfolio Investment (PI) (USD mn) -3,299.760 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,113.797 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) 1,533.330 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: Net Incurrence of Liabilities (USD mn) 4,493.859 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Goods: Credit: Export (USD mn) 4,501.902 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: Capital Account (CA) (USD mn) 6.809 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Import (USD mn) 13,737.854 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,901.822 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Primary Income: Debit: Payments (USD mn) 915.551 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 502.514 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Credit: Receipts (USD mn) 8.307 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Goods (USD mn) -6,196.311 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Debit: Payments (USD mn) 1.498 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Services (USD mn) 1,134.558 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: Direct Investment (DI) (USD mn) -563.613 Dec 2021 monthly Jan 2005 - Dec 2021
External Debt: By Country Profile: Country: Japan (USD mn) 14,572.103 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: By Country Profile: Country: France (USD mn) 882.389 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: By Country Profile: Country: UK (USD mn) 2,827.201 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: Medium and Long Term (USD mn) 91,338.698 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: By Country Profile: Country: Germany (USD mn) 1,000.556 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: By Country Profile: Country: USA (USD mn) 3,828.259 Dec 2021 quarterly Mar 2005 - Dec 2021
FDI: Approved: Transportation & Storage (PHP mn) 43.835 Dec 2021 quarterly Mar 2010 - Dec 2021
FDI: Approved: Real Estate Activities (PHP mn) 1,207.029 Dec 2021 quarterly Mar 2010 - Dec 2021
FDI: Approved: Information & Communication (PHP mn) 127,171.919 Dec 2021 quarterly Mar 2010 - Dec 2021
FDI: Approved: Administrative & Support Services (PHP mn) 2,084.565 Dec 2021 quarterly Mar 2010 - Dec 2021
FDI: Approved: Manufacturing (PHP mn) 2,134.265 Dec 2021 quarterly Mar 2010 - Dec 2021
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.2 Feb 2022 monthly Jan 2013 - Feb 2022
Household Debt: % of GDP (%) 10.2 Dec 2021 quarterly Mar 2009 - Dec 2021
Non-Performing Loans (USD mn) 8,911.123 Dec 2021 quarterly Mar 2013 - Dec 2021
Money Supply M1 (USD mn) 120,922.977 Mar 2022 monthly Dec 1988 - Mar 2022
Money Supply M2 (USD mn) 280,941.568 Mar 2022 monthly Dec 1988 - Mar 2022
M2 Growth (%) 8.2 Mar 2022 monthly Dec 1989 - Mar 2022
Reserve Requirement Ratio (%) 12.0 Apr 2022 monthly May 1986 - Apr 2022
Foreign Exchange Reserves (USD mn) 92,823.2 Apr 2022 monthly Jan 1960 - Apr 2022
Foreign Exchange Reserves: Months of Import (NA) 7.7 Mar 2022 monthly Jan 1979 - Mar 2022
Gold Reserves (USD mn) 9,277.468 Apr 2022 monthly Dec 1956 - Apr 2022
Total Deposits (USD mn) 319,772.658 Dec 2021 quarterly Mar 2008 - Dec 2021
Total Deposits Growth (%) 9.0 Dec 2020 quarterly Mar 2009 - Dec 2020
Domestic Credit (USD mn) 286,230.9 Mar 2022 monthly Dec 2001 - Mar 2022
Domestic Credit Growth (%) 7.3 Mar 2022 monthly Dec 2002 - Mar 2022
Household Debt (USD mn) 38,920.1 Dec 2021 quarterly Mar 2009 - Dec 2021
Total Loans (USD mn) 189,296.297 Feb 2021 monthly Jan 1993 - Feb 2021
Total Loans Growth (%) -2.89 Apr 2021 monthly Jan 1994 - Apr 2021
Private Debt: % of Nominal GDP (%) 48.59 Mar 2022 quarterly Dec 2001 - Mar 2022
DCS: LA: M4: M3 (PHP mn) 15,243,735.260 Mar 2022 monthly Dec 2001 - Mar 2022
DCS: Domestic Claims (DC) (PHP mn) 14,872,558.468 Mar 2022 monthly Dec 2001 - Mar 2022
DCS: LA: M4: M3: M2 (PHP mn) 14,597,723.853 Mar 2022 monthly Dec 2001 - Mar 2022
DCS: LA: M4: M3: M2: M1 (PHP mn) 6,283,157.885 Mar 2022 monthly Dec 2001 - Mar 2022
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 12.000 Apr 2022 monthly May 1986 - Apr 2022
CL: PBS: Real Estate: Residential (PHP bn) 890.466 Dec 2021 quarterly Mar 2009 - Dec 2021
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 1,976.127 Dec 2021 quarterly Mar 2009 - Dec 2021
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 11.6 Mar 2022 quarterly Jun 2002 - Mar 2022
Business Outlook: Index: Industry: Current Quarter (Point) 31.203 Mar 2022 quarterly Jun 2001 - Mar 2022
Business Outlook: Index: Services: Current Quarter (Point) 40.469 Mar 2022 quarterly Jun 2001 - Mar 2022
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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