Philippines Private Consumption: % of GDP

1981 - 2023 | Quarterly | % | CEIC Data

Key information about Philippines Private Consumption: % of GDP

  • Philippines Private Consumption accounted for 78.9 % of its Nominal GDP in Sep 2023, compared with a ratio of 73.5 % in the previous quarter.
  • Philippines Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1981 to Sep 2023, with an average share of 72.1 %.
  • The data reached an all-time high of 78.9 % in Mar 2023 and a record low of 55.2 % in Mar 1981.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Philippine Statistics Authority provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Philippines Private Consumption: % of GDP

  • In the latest reports, Philippines GDP expanded 6.4 % YoY in Mar 2023.
  • Its Nominal GDP reached 102.1 USD bn in Mar 2023.
  • Philippines GDP Per Capita reached 3,623.5 USD in Dec 2022.
  • Its Gross Savings Rate was measured at 7.6 % in Mar 2023.

View Philippines's Private Consumption: % of GDP from Mar 1981 to Sep 2023 in the chart:

Philippines Private Consumption: % of GDP

What was Philippines's Private Consumption: % of GDP in Sep 2023?

Philippines Private Consumption accounted for 78.9 % of its Nominal GDP in Sep 2023, compared with a ratio of 73.5 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
78.9 Sep 2023 73.5 Jun 2023 55.2 Mar 1981 78.9 Mar 2023 % quarterly Mar 1981 - Sep 2023

Private Consumption: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 73.3 Sep 2022 quarterly Mar 2008 - Sep 2022
Algeria (%) 44.4 2021 yearly 1950 - 2021
Argentina (%) 72.2 Jun 2023 quarterly Mar 1993 - Jun 2023
Armenia (%) 73.8 Jun 2023 quarterly Dec 1994 - Jun 2023
Australia (%) 49.8 Jun 2023 quarterly Sep 1959 - Jun 2023
Austria (%) 51.9 Jun 2023 quarterly Mar 1988 - Jun 2023
Azerbaijan (%) 44.0 Sep 2022 quarterly Mar 2001 - Sep 2022
Bahrain (%) 39.1 2021 yearly 1975 - 2021
Bangladesh (%) 69.1 2022 yearly 1973 - 2022
Belarus (%) 55.1 Jun 2023 quarterly Mar 1994 - Jun 2023
Belgium (%) 52.1 Jun 2023 quarterly Mar 1980 - Jun 2023
Bolivia (%) 60.1 Jun 2023 quarterly Mar 1990 - Jun 2023
Bosnia and Herzegovina (%) 64.9 Jun 2023 quarterly Mar 2008 - Jun 2023
Botswana (%) 41.1 Jun 2023 quarterly Mar 2006 - Jun 2023
Brazil (%) 62.4 Jun 2023 quarterly Mar 1996 - Jun 2023
Brunei (%) 28.9 Mar 2023 quarterly Mar 2004 - Mar 2023
Bulgaria (%) 62.6 Dec 2022 quarterly Mar 1995 - Dec 2022
Cambodia (%) 65.2 2021 yearly 1993 - 2021
Canada (%) 58.6 Jun 2023 quarterly Mar 1961 - Jun 2023
Chile (%) 65.2 Sep 2022 quarterly Mar 1996 - Sep 2022
China (%) 38.2 2021 yearly 1952 - 2021
Colombia (%) 74.7 Sep 2023 quarterly Mar 2005 - Sep 2023
Croatia (%) 57.7 Jun 2023 quarterly Mar 1995 - Jun 2023
Cyprus (%) 60.4 Jun 2023 quarterly Mar 1995 - Jun 2023
Czech Republic (%) 45.9 Dec 2022 quarterly Mar 1995 - Dec 2022
Denmark (%) 45.7 Jun 2023 quarterly Mar 1990 - Jun 2023
Ecuador (%) 63.1 Mar 2023 quarterly Mar 1991 - Mar 2023
Egypt (%) 78.8 Jun 2023 quarterly Sep 2001 - Jun 2023
Estonia (%) 52.6 Mar 2023 quarterly Mar 1993 - Mar 2023
European Union (%) 52.2 Jun 2023 quarterly Mar 1995 - Jun 2023
Finland (%) 52.0 Jun 2023 quarterly Mar 1975 - Jun 2023
France (%) 54.4 Sep 2023 quarterly Mar 1980 - Sep 2023
Georgia (%) 69.0 Jun 2023 quarterly Mar 1996 - Jun 2023
Germany (%) 51.3 Sep 2023 quarterly Mar 1991 - Sep 2023
Ghana (%) 77.4 2022 yearly 2006 - 2022
Greece (%) 66.3 Sep 2022 quarterly Mar 1995 - Sep 2022
Hong Kong SAR, China (%) 70.0 Mar 2023 quarterly Mar 1973 - Mar 2023
Hungary (%) 50.3 Dec 2022 quarterly Mar 1995 - Dec 2022
Iceland (%) 53.4 Jun 2023 quarterly Mar 1995 - Jun 2023
India (%) 59.7 Jun 2023 quarterly Jun 1996 - Jun 2023
Indonesia (%) 53.8 Sep 2023 quarterly Mar 1993 - Sep 2023
Iran (%) 45.2 Mar 2022 quarterly Jun 1988 - Mar 2022
Ireland (%) 27.8 Jun 2023 quarterly Mar 1995 - Jun 2023
Israel (%) 48.6 Jun 2023 quarterly Mar 1995 - Jun 2023
Italy (%) 58.6 Dec 2022 quarterly Mar 1980 - Dec 2022
Ivory Coast (%) 67.7 2022 yearly 1960 - 2022
Japan (%) 55.1 Sep 2023 quarterly Mar 1980 - Sep 2023
Jordan (%) 85.5 2022 yearly 1962 - 2022
Kazakhstan (%) 46.5 Sep 2022 quarterly Mar 1994 - Sep 2022
Kenya (%) 75.6 2022 yearly 1969 - 2022
South Korea (%) 48.3 Jun 2023 quarterly Mar 1960 - Jun 2023
Kosovo (%) 72.5 Sep 2022 quarterly Mar 2010 - Sep 2022
Kuwait (%) 41.4 2019 yearly 1962 - 2019
Kyrgyzstan (%) 77.4 Jun 2023 quarterly Mar 2000 - Jun 2023
Laos (%) 64.4 2016 yearly 2000 - 2016
Latvia (%) 60.5 Jun 2023 quarterly Mar 1995 - Jun 2023
Lebanon (%) 106.0 2020 yearly 1990 - 2020
Lithuania (%) 60.7 Dec 2022 quarterly Mar 1993 - Dec 2022
Luxembourg (%) 31.2 Sep 2022 quarterly Mar 1995 - Sep 2022
Macau SAR, China (%) 31.1 Sep 2023 quarterly Mar 1998 - Sep 2023
North Macedonia (%) 67.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Malawi (%) 79.2 2019 yearly 1960 - 2019
Malaysia (%) 62.4 Sep 2023 quarterly Mar 1991 - Sep 2023
Malta (%) 42.9 Jun 2023 quarterly Mar 1992 - Jun 2023
Mauritius (%) 63.3 Jun 2023 quarterly Mar 1999 - Jun 2023
Mexico (%) 70.2 Jun 2023 quarterly Mar 1993 - Jun 2023
Moldova (%) 82.0 Jun 2023 quarterly Mar 1995 - Jun 2023
Mongolia (%) 47.3 Sep 2023 quarterly Mar 2010 - Sep 2023
Montenegro (%) 74.3 Jun 2023 quarterly Mar 2010 - Jun 2023
Morocco (%) 58.5 Jun 2023 quarterly Mar 2007 - Jun 2023
Mozambique (%) 75.2 2022 yearly 1969 - 2022
Nepal (%) 88.2 2023 yearly 1975 - 2023
Netherlands (%) 42.8 Jun 2023 quarterly Mar 1977 - Jun 2023
New Zealand (%) 57.3 Jun 2023 quarterly Jun 1987 - Jun 2023
Nigeria (%) 65.0 2022 yearly 1981 - 2022
Norway (%) 40.5 Jun 2023 quarterly Mar 1978 - Jun 2023
Oman (%) 44.3 2021 yearly 1980 - 2021
Pakistan (%) 84.2 2023 yearly 1967 - 2023
Palestinian Territory (%) 103.6 Jun 2023 quarterly Mar 2011 - Jun 2023
Panama (%) 50.5 2021 yearly 1996 - 2021
Paraguay (%) 67.6 Jun 2023 quarterly Mar 1994 - Jun 2023
Peru (%) 64.6 Sep 2023 quarterly Mar 1980 - Sep 2023
Philippines (%) 78.9 Sep 2023 quarterly Mar 1981 - Sep 2023
Poland (%) 58.3 Jun 2023 quarterly Mar 1995 - Jun 2023
Portugal (%) 61.4 Jun 2023 quarterly Mar 1995 - Jun 2023
Qatar (%) 20.6 Dec 2022 quarterly Mar 2013 - Dec 2022
Romania (%) 61.7 Jun 2023 quarterly Mar 1995 - Jun 2023
Russia (%) 53.4 Mar 2023 quarterly Mar 1993 - Mar 2023
Saudi Arabia (%) 40.1 Jun 2023 quarterly Mar 2003 - Jun 2023
Serbia (%) 66.2 Dec 2022 quarterly Mar 1995 - Dec 2022
Singapore (%) 29.8 2022 yearly 1960 - 2022
Slovakia (%) 61.9 Dec 2022 quarterly Mar 1993 - Dec 2022
Slovenia (%) 54.0 Sep 2023 quarterly Mar 1995 - Sep 2023
South Africa (%) 62.8 Jun 2023 quarterly Mar 1960 - Jun 2023
Spain (%) 56.5 Sep 2023 quarterly Mar 1980 - Sep 2023
Sri Lanka (%) 65.7 Jun 2023 quarterly Mar 2010 - Jun 2023
Sudan (%) 77.8 2016 yearly 1976 - 2016
Sweden (%) 44.0 Jun 2023 quarterly Mar 1980 - Jun 2023
Switzerland (%) 51.1 Jun 2023 quarterly Mar 1980 - Jun 2023
Syria (%) 128.6 2021 yearly 1970 - 2021

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Philippines Key Series

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Includes 245 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 (%) -6.7 Sep 2023 quarterly Dec 1985 - Sep 2023
Consolidated Fiscal Balance (USD mn) -4,418.995 Sep 2023 monthly Jan 1985 - Sep 2023
Tax Revenue (USD mn) 4,111.846 Sep 2023 monthly Jan 1985 - Sep 2023
Tax Revenue: % of GDP (%) 15.2 Sep 2023 quarterly Mar 1985 - Sep 2023
National Government Debt (USD mn) 250,498.9 Sep 2023 monthly Jan 1993 - Sep 2023
Government Debt: % of GDP (%) 60.2 Sep 2023 quarterly Mar 1993 - Sep 2023
Forecast: Government Expenditure (PHP bn) 9,083.350 2028 yearly 1989 - 2028
Forecast: Government Net Debt (PHP bn) 19,652.197 2028 yearly 1993 - 2028
Forecast: Government Revenue (PHP bn) 8,212.063 2028 yearly 1989 - 2028
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -3,511.0 Sep 2023 monthly Jan 1957 - Sep 2023
Total Exports (USD mn) 6,728.9 Sep 2023 monthly Jan 1979 - Sep 2023
Total Exports Growth (%) -6.3 Sep 2023 monthly Jan 1980 - Sep 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) 10,239.9 Sep 2023 monthly Jan 1979 - Sep 2023
Total Imports Growth (%) -14.7 Sep 2023 monthly Jan 1980 - Sep 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) 1,060.265 Sep 2023 monthly Jan 1978 - Sep 2023
Total Imports from USA (USD mn) 625.209 Sep 2023 monthly Jan 1986 - Sep 2023
Total Exports to China (USD mn) 838.041 Aug 2023 monthly Jan 1984 - Aug 2023
Total Imports from China (USD mn) 2,427.298 Aug 2023 monthly Jan 1986 - Aug 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) 241.0 Jun 2023 monthly Jan 2005 - Jun 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) 789.4 Aug 2023 monthly Jan 2005 - Aug 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 (%) -0.7 Jun 2023 quarterly Dec 1980 - Jun 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) -48,548.301 Jun 2023 quarterly Dec 2012 - 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: PI: Net Acquisition of Financial Assets (USD mn) 118.362 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: Services: Credit: Export (USD mn) 3,770.735 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Credit: Receipts (USD mn) 8.355 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 789.448 Aug 2023 monthly Jan 2005 - Aug 2023
BoP: CA: Secondary Income: Debit: Payments (USD mn) 75.147 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: Financial Account (FA) (USD mn) -1,615.737 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: 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: Capital Account (CA) (USD mn) 7.312 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Primary Income (USD mn) 343.818 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: CA: Services: Debit: Import (USD mn) 2,333.216 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: Import (USD mn) 13,517.574 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: OI: Net Incurrence of Liabilities (USD mn) 1,581.336 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Export (USD mn) 12,979.698 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: FA: Portfolio Investment (PI) (USD mn) -329.338 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: Current Account (CA) (USD mn) -537.876 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: 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
BoP: CA: Services (USD mn) 1,437.519 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: FA: Direct Investment (DI) (USD mn) -242.802 Jun 2023 monthly Jan 2005 - Jun 2023
External Debt: By Country Profile: Country: UK (USD mn) 3,698.908 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: USA (USD mn) 4,079.499 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
External Debt: By Country Profile: Country: Japan (USD mn) 13,274.906 Jun 2023 quarterly Mar 2005 - Jun 2023
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.4 Sep 2023 monthly Mar 2008 - Sep 2023
Household Debt: % of GDP (%) 10.1 Jun 2023 quarterly Mar 2009 - Jun 2023
Non-Performing Loans (USD mn) 7,800.304 Sep 2023 quarterly Mar 2008 - Sep 2023
Money Supply M1 (USD mn) 114,071.416 Sep 2023 monthly Dec 1988 - Sep 2023
Money Supply M2 (USD mn) 282,871.327 Sep 2023 monthly Dec 1988 - Sep 2023
M2 Growth (%) 8.2 Sep 2023 monthly Dec 1989 - Sep 2023
Reserve Requirement Ratio (%) 9.5 Oct 2023 monthly May 1986 - Oct 2023
Foreign Exchange Reserves (USD mn) 85,964.8 Oct 2023 monthly Jan 1960 - Oct 2023
Foreign Exchange Reserves: Months of Import (NA) 8.2 Sep 2023 monthly Jan 1979 - Sep 2023
Gold Reserves (USD mn) 10,570.341 Oct 2023 monthly Dec 1956 - Oct 2023
Total Deposits (USD mn) 320,991.163 Sep 2023 quarterly Mar 2008 - Sep 2023
Total Deposits Growth (%) 9.4 Sep 2023 quarterly Mar 2009 - Sep 2023
Domestic Credit (USD mn) 309,419.6 Sep 2023 monthly Dec 2001 - Sep 2023
Domestic Credit Growth (%) 9.5 Sep 2023 monthly Dec 2002 - Sep 2023
Household Debt (USD mn) 42,353.4 Jun 2023 quarterly Mar 2009 - Jun 2023
Total Loans (USD mn) 213,416.107 Sep 2023 monthly Mar 2008 - Sep 2023
Total Loans Growth (%) 7.10 Sep 2023 monthly Mar 2009 - Sep 2023
Private Debt: % of Nominal GDP (%) 46.63 Sep 2023 quarterly Dec 2001 - Sep 2023
DCS: LA: M4: M3 (PHP mn) 16,597,592.308 Sep 2023 monthly Dec 2001 - Sep 2023
DCS: LA: M4: M3: M2: M1 (PHP mn) 6,497,621.930 Sep 2023 monthly Dec 2001 - Sep 2023
DCS: LA: M4: M3: M2 (PHP mn) 16,112,633.662 Sep 2023 monthly Dec 2001 - Sep 2023
DCS: Domestic Claims (DC) (PHP mn) 17,624,850.915 Sep 2023 monthly Dec 2001 - Sep 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 Oct 2023 monthly May 1986 - Oct 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) 17.7 Sep 2023 quarterly Jun 2002 - Sep 2023
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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