Philippines Unemployment Rate

1982 - 2021 | Quarterly | % | CEIC Data

Philippines Unemployment Rate remained the same at 8.70 % in Jan 2021, from the previously reported number of 8.70 % in Oct 2020. Philippines Unemployment Rate is updated quarterly, available from Jul 1982 to Jan 2021, with an average rate of 8.60 %. The data reached an all-time high of 17.60 % in Apr 2020 and a record low of 4.60 % in Oct 2019. The data is reported by reported by CEIC Data.

In the latest reports, Philippines Population reached 109.58 million people in Dec 2020. The country's Labour Force Participation Rate increased to 60.50 % in Jan 2021.

View Philippines's Unemployment Rate from Jul 1982 to Jan 2021 in the chart:

Philippines Unemployment Rate

What was Philippines's Unemployment Rate in Jan 2021?

Last Previous Min Max Unit Frequency Range
8.70 Jan 2021 8.70 Oct 2020 4.60 Oct 2019 17.60 Apr 2020 % quarterly Jul 1982 - Jan 2021

Unemployment Rate by Country Comparison

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country/region Last Frequency Range
Albania (%) 11.80 Dec 2020 quarterly Mar 2012 - Dec 2020
Algeria (%) 11.70 Sep 2017 quarterly Jun 2014 - Sep 2017
Argentina (%) 11.00 Dec 2020 quarterly Dec 2002 - Dec 2020
Armenia (%) 16.00 Dec 2020 quarterly Mar 2008 - Dec 2020
Australia (%) 5.62 Mar 2021 monthly Feb 1978 - Mar 2021
Austria (%) 5.65 Mar 2021 monthly Jan 1993 - Mar 2021
Azerbaijan (%) 7.16 Dec 2020 quarterly Mar 2008 - Dec 2020
Bahrain (%) 4.30 2016 yearly 1991 - 2016
Bangladesh (%) 5.30 2020 yearly 1991 - 2020
Belarus (%) 0.20 Mar 2021 monthly Oct 2004 - Mar 2021
Belgium (%) 5.80 Mar 2021 monthly Jan 1983 - Mar 2021
Bolivia (%) 3.40 2017 yearly 1999 - 2017
Bosnia and Herzegovina (%) 15.70 2019 yearly 2006 - 2019
Botswana (%) 17.70 2020 yearly 1991 - 2020
Brazil (%) 14.40 Feb 2021 monthly Mar 2012 - Feb 2021
Brunei (%) 8.37 2020 yearly 1991 - 2020
Bulgaria (%) 5.20 Dec 2020 quarterly Mar 2000 - Dec 2020
Cambodia (%) 2.40 2019 yearly 2007 - 2019
Canada (%) 7.50 Mar 2021 monthly Jan 1976 - Mar 2021
Chile (%) 10.40 Mar 2021 monthly Mar 2009 - Mar 2021
China (%) 4.24 Dec 2020 quarterly Dec 1999 - Dec 2020
Colombia (%) 14.18 Mar 2021 monthly Jan 2001 - Mar 2021
Croatia (%) 9.20 Dec 2020 quarterly Mar 2000 - Dec 2020
Cyprus (%) 7.10 Mar 2021 monthly Jan 2000 - Mar 2021
Czech Republic (%) 3.42 Mar 2021 monthly Jan 1993 - Mar 2021
Denmark (%) 6.00 Mar 2021 monthly Jan 2007 - Mar 2021
Ecuador (%) 5.46 Mar 2021 quarterly Dec 2013 - Mar 2021
Egypt (%) 7.20 Dec 2020 quarterly Mar 2003 - Dec 2020
Estonia (%) 7.70 Sep 2020 quarterly Mar 1989 - Sep 2020
European Union (%) 6.20 Jan 2020 monthly Jan 2000 - Jan 2020
Finland (%) 8.20 Dec 2020 monthly Jan 1988 - Dec 2020
France (%) 8.00 Dec 2020 quarterly Mar 1975 - Dec 2020
Georgia (%) 11.57 2019 yearly 1991 - 2019
Germany (%) 4.50 Mar 2021 monthly Jan 1991 - Mar 2021
Ghana (%) 4.53 2020 yearly 1991 - 2020
Greece (%) 15.80 Dec 2020 monthly Apr 1998 - Dec 2020
Hong Kong SAR, China (%) 6.80 Mar 2021 monthly Oct 1981 - Mar 2021
Hungary (%) 4.50 Mar 2021 monthly Jan 2000 - Mar 2021
Iceland (%) 7.50 Mar 2021 monthly Jan 2003 - Mar 2021
India (%) 7.11 2020 yearly 1991 - 2020
Indonesia (%) 7.07 2020 yearly 1984 - 2020
Iran (%) 9.40 Dec 2020 quarterly Jun 2001 - Dec 2020
Ireland (%) 5.80 Apr 2021 monthly Jan 1998 - Apr 2021
Israel (%) 5.39 Mar 2021 monthly Jan 2012 - Mar 2021
Italy (%) 10.12 Mar 2021 monthly Jan 1983 - Mar 2021
Ivory Coast (%) 3.50 2020 yearly 1991 - 2020
Japan (%) 2.60 Mar 2021 monthly Jan 1953 - Mar 2021
Jordan (%) 20.40 Nov 2020 quarterly Feb 2000 - Nov 2020
Kazakhstan (%) 5.00 Jul 2020 monthly Jan 2001 - Jul 2020
Kenya (%) 2.98 2020 yearly 1991 - 2020
South Korea (%) 3.90 Mar 2021 monthly Jun 1999 - Mar 2021
Kosovo (%) 24.60 Sep 2020 quarterly Mar 2016 - Sep 2020
Kuwait (%) 2.09 2018 yearly 1999 - 2018
Kyrgyzstan (%) 5.50 2019 yearly 1992 - 2019
Laos (%) 0.95 2020 yearly 1991 - 2020
Latvia (%) 8.70 Mar 2021 monthly Jan 1998 - Mar 2021
Lebanon (%) 11.35 2018 yearly 2004 - 2018
Lithuania (%) 8.90 Mar 2021 monthly Jan 1998 - Mar 2021
Luxembourg (%) 6.11 Mar 2021 monthly Jan 1995 - Mar 2021
Macau SAR, China (%) 2.90 Mar 2021 monthly Sep 1996 - Mar 2021
North Macedonia (%) 16.14 Dec 2020 quarterly Mar 2004 - Dec 2020
Malawi (%) 6.60 2013 yearly 2005 - 2013
Malaysia (%) 5.40 May 2020 monthly Jan 2016 - May 2020
Malta (%) 4.40 Dec 2020 quarterly Dec 2000 - Dec 2020
Mauritius (%) 7.10 Mar 2020 quarterly Mar 2004 - Mar 2020
Mexico (%) 4.43 Mar 2021 monthly Jan 2005 - Mar 2021
Moldova (%) 3.60 Dec 2020 quarterly Mar 1999 - Dec 2020
Mongolia (%) 7.57 Dec 2020 quarterly Sep 2006 - Dec 2020
Montenegro (%) 21.20 Dec 2020 quarterly Mar 2008 - Dec 2020
Morocco (%) 12.50 Mar 2021 quarterly Mar 1999 - Mar 2021
Mozambique (%) 3.39 2020 yearly 1991 - 2020
Myanmar (%) 1.79 2020 yearly 1991 - 2020
Nepal (%) 4.44 2020 yearly 1991 - 2020
Netherlands (%) 3.80 Mar 2020 monthly Jan 2003 - Mar 2020
New Zealand (%) 4.70 Mar 2021 quarterly Mar 1986 - Mar 2021
Nigeria (%) 33.28 Dec 2020 quarterly Mar 2012 - Dec 2020
Norway (%) 5.00 Nov 2020 monthly Jan 1989 - Nov 2020
Oman (%) 2.80 Mar 2021 monthly Mar 2018 - Mar 2021
Pakistan (%) 5.79 2018 yearly 1980 - 2018
Palestinian Territory (%) 23.40 Dec 2020 quarterly Mar 1998 - Dec 2020
Panama (%) 7.10 2019 yearly 2003 - 2019
Paraguay (%) 7.17 Dec 2020 quarterly Mar 2017 - Dec 2020
Peru (%) 15.28 Mar 2021 monthly Mar 2001 - Mar 2021
Philippines (%) 8.70 Jan 2021 quarterly Jul 1982 - Jan 2021
Poland (%) 6.40 Mar 2021 monthly Jan 1990 - Mar 2021
Portugal (%) 7.20 Jan 2021 monthly Feb 1998 - Jan 2021
Qatar (%) 0.10 2019 yearly 1997 - 2019
Romania (%) 5.50 Mar 2021 monthly Jan 1997 - Mar 2021
Russia (%) 5.90 Dec 2020 monthly Jan 1994 - Dec 2020
Saudi Arabia (%) 7.45 Dec 2020 quarterly Mar 2012 - Dec 2020
Serbia (%) 9.90 Dec 2020 quarterly Mar 2014 - Dec 2020
Singapore (%) 2.90 Mar 2021 monthly Mar 2020 - Mar 2021
Slovakia (%) 7.98 Mar 2021 monthly Jan 2006 - Mar 2021
Slovenia (%) 5.10 Dec 2020 quarterly Jun 1997 - Dec 2020
South Africa (%) 32.50 Dec 2020 quarterly Mar 2008 - Dec 2020
Spain (%) 15.98 Mar 2021 quarterly Sep 1976 - Mar 2021
Sri Lanka (%) 5.20 Dec 2020 quarterly Jun 2012 - Dec 2020
Sudan (%) 20.30 2010 yearly 1993 - 2010
Sweden (%) 9.07 Mar 2021 monthly Jan 1983 - Mar 2021
Switzerland (%) 5.01 Dec 2020 monthly Jan 1991 - Dec 2020

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Philippines Key Series

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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 (%) -7.6 Dec 2020 quarterly Dec 1985 - Dec 2020
Consolidated Fiscal Balance (USD mn) -3,941.220 Mar 2021 monthly Jan 1985 - Mar 2021
Tax Revenue (USD mn) 3,912.913 Mar 2021 monthly Jan 1985 - Mar 2021
Tax Revenue: % of GDP (%) 12.6 Dec 2020 quarterly Mar 1985 - Dec 2020
National Government Debt (USD mn) 222,296.7 Mar 2021 monthly Jan 1993 - Mar 2021
Government Debt: % of GDP (%) 54.6 Dec 2020 quarterly Mar 1993 - Dec 2020
Forecast: Government Expenditure (PHP bn) 6,931.970 2026 yearly 1989 - 2026
Forecast: Government Net Debt (PHP bn) 16,741.760 2026 yearly 1993 - 2026
Forecast: Government Revenue (PHP bn) 6,215.560 2026 yearly 1989 - 2026
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 6.374 2026 yearly 1980 - 2026
Trade Balance (USD mn) -2,293.2 Feb 2021 monthly Jan 1957 - Feb 2021
Total Exports (USD mn) 5,308.7 Feb 2021 monthly Jan 1979 - Feb 2021
Total Exports Growth (%) -2.3 Feb 2021 monthly Jan 1980 - Feb 2021
Aluminum: Exports (USD th) 21,535.982 2019 yearly 1995 - 2019
Exports: Medicament (USD th) 41,373.133 2019 yearly 1995 - 2019
Exports: Medicinal and Pharmaceutical Product (USD th) 14,709.435 2019 yearly 1995 - 2019
Total Imports (USD mn) 7,602.0 Feb 2021 monthly Jan 1979 - Feb 2021
Total Imports Growth (%) 2.7 Feb 2021 monthly Jan 1980 - Feb 2021
Imports: Medicament (USD th) 1,420,565.814 2019 yearly 1995 - 2019
Imports: Medicinal and Pharmaceutical Product (USD th) 571,085.941 2019 yearly 1995 - 2019
Total Exports to USA (USD mn) 915.536 Dec 2020 monthly Jan 1978 - Dec 2020
Total Imports from USA (USD mn) 481.150 Feb 2021 monthly Jan 1986 - Feb 2021
Total Exports to China (USD mn) 639.421 Feb 2021 monthly Jan 1984 - Feb 2021
Total Imports from China (USD mn) 1,895.189 Feb 2021 monthly Jan 1986 - Feb 2021
Imports: Iron and Steel (USD mn) 382.669 Dec 2018 monthly Jan 2006 - Dec 2018
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: Transport Equipment (USD mn) 675.872 Dec 2020 monthly Jan 2006 - Dec 2020
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 437.6 Dec 2020 monthly Jan 2005 - Dec 2020
Current Account Balance (USD mn) 1,010.0 Dec 2020 monthly Jan 1999 - Dec 2020
Current Account Balance: % of GDP (%) 3.9 Dec 2020 quarterly Mar 1981 - Dec 2020
Foreign Direct Investment (USD mn) 961.0 Jan 2021 monthly Jan 2005 - Jan 2021
Foreign Direct Investment: % of GDP (%) 2.3 Sep 2020 quarterly Mar 2005 - Sep 2020
Foreign Portfolio Investment: Equity Securities (USD mn) -505.3 Dec 2020 quarterly Mar 1996 - Dec 2020
Foreign Portfolio Investment: % of GDP (%) 3.3 Dec 2020 quarterly Dec 1980 - Dec 2020
Foreign Portfolio Investment (USD mn) 3,563.959 Dec 2020 quarterly Mar 2005 - Dec 2020
Foreign Portfolio Investment: Debt Securities (USD mn) 4,069.252 Dec 2020 quarterly Mar 1977 - Dec 2020
External Debt (USD mn) 98,488.0 Dec 2020 quarterly Mar 2005 - Dec 2020
External Debt: % of GDP (%) 27.2 2020 yearly 1990 - 2020
External Debt: Short Term (USD mn) 14,208.7 Dec 2020 quarterly Mar 2005 - Dec 2020
External Debt: Short Term: % of GDP (%) 3.9 2020 yearly 2005 - 2020
Forecast: Current Account Balance (USD bn) -12.919 2026 yearly 1980 - 2026
Net International Investment Position (USD mn) -20,181.924 Dec 2020 quarterly Dec 2012 - Dec 2020
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 1,388.287 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: CA: Primary Income: Debit: Payments (USD mn) 684.412 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: CA: Goods (USD mn) -3,151.160 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: CA: Goods: Credit: Export (USD mn) 4,382.912 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: CA: Services (USD mn) 1,333.264 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: CA: Goods: Debit: Import (USD mn) 7,534.071 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: CA: Services: Credit: Export (USD mn) 2,842.024 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: CA: Primary Income (USD mn) 320.457 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: Current Account (CA) (USD mn) 1,009.981 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: CA: Services: Debit: Import (USD mn) 1,508.759 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,004.869 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -95.450 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 437.648 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,619.954 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: CA: Import (USD mn) 9,839.778 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: Financial Account (FA) (USD mn) -1,718.262 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: CA: Secondary Income (USD mn) 2,507.420 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: CA: Credit: Receipts (USD mn) 7.886 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: CA: Export (USD mn) 10,849.759 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: CA: Secondary Income: Debit: Payments (USD mn) 112.534 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: Capital Account (CA) (USD mn) 7.339 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: CA: Debit: Payments (USD mn) 0.547 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: FA: Net Acquisition of Financial Assets (USD mn) 1,947.059 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: FA: Direct Investment (DI) (USD mn) -71.728 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: FA: Net Incurrence of Liabilities (USD mn) 3,665.321 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 961.010 Jan 2021 monthly Jan 2005 - Jan 2021
BoP: FA: Portfolio Investment (PI) (USD mn) -2,018.434 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) -210.002 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 1,808.432 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: FA: Financial Derivatives (FD) (USD mn) -54.675 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -40.775 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: FA: Other Investments (OI) (USD mn) 426.576 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) 1,814.863 Dec 2020 monthly Jan 2005 - Dec 2020
BoP: Change in Reserve Assets: Debit (USD mn) 4,217.982 Dec 2020 monthly Jan 2005 - Dec 2020
External Debt: By Country Profile: Country: USA (USD mn) 3,427.970 Dec 2020 quarterly Mar 2005 - Dec 2020
External Debt: By Country Profile: Country: Japan (USD mn) 15,903.217 Dec 2020 quarterly Mar 2005 - Dec 2020
External Debt: By Country Profile: Country: UK (USD mn) 3,347.424 Dec 2020 quarterly Mar 2005 - Dec 2020
External Debt: By Country Profile: Country: France (USD mn) 1,173.798 Dec 2020 quarterly Mar 2005 - Dec 2020
External Debt: By Country Profile: Country: Germany (USD mn) 1,146.800 Dec 2020 quarterly Mar 2005 - Dec 2020
External Debt: Medium and Long Term (USD mn) 84,279.329 Dec 2020 quarterly Mar 2005 - Dec 2020
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.0 Feb 2021 monthly Jan 2013 - Feb 2021
Household Debt: % of GDP (%) 10.8 Sep 2020 quarterly Mar 2009 - Sep 2020
Non-Performing Loans (USD mn) 8,153.421 Dec 2020 quarterly Mar 2013 - Dec 2020
Money Supply M1 (USD mn) 110,553.450 Feb 2021 monthly Dec 1988 - Feb 2021
Money Supply M2 (USD mn) 273,786.519 Feb 2021 monthly Dec 1988 - Feb 2021
M2 Growth (%) 10.8 Feb 2021 monthly Dec 1989 - Feb 2021
Reserve Requirement Ratio (%) 12.0 Apr 2021 monthly May 1986 - Apr 2021
Foreign Exchange Reserves (USD mn) 93,362.1 Mar 2021 monthly Jan 1960 - Mar 2021
Foreign Exchange Reserves: Months of Import (NA) 12.4 Feb 2021 monthly Jan 1979 - Feb 2021
Gold Reserves (USD mn) 9,113.472 Mar 2021 monthly Dec 1956 - Mar 2021
Total Deposits Growth (%) 9.0 Dec 2020 quarterly Mar 2009 - Dec 2020
Total Deposits (USD mn) 310,080.280 Dec 2020 quarterly Mar 2008 - Dec 2020
Domestic Credit (USD mn) 282,853.0 Feb 2021 monthly Dec 2001 - Feb 2021
Domestic Credit Growth (%) 5.6 Feb 2021 monthly Dec 2002 - Feb 2021
Household Debt (USD mn) 40,678.9 Sep 2020 quarterly Mar 2009 - Sep 2020
Total Loans (USD mn) 189,296.297 Feb 2021 monthly Jan 1993 - Feb 2021
Total Loans Growth (%) -2.32 Feb 2021 monthly Jan 1994 - Feb 2021
Private Debt: % of Nominal GDP (%) 51.89 Dec 2020 quarterly Dec 2001 - Dec 2020
DCS: LA: M4: M3 (PHP mn) 13,963,381.842 Feb 2021 monthly Dec 2001 - Feb 2021
DCS: LA: M4: M3: M2 (PHP mn) 13,316,154.912 Feb 2021 monthly Dec 2001 - Feb 2021
DCS: LA: M4: M3: M2: M1 (PHP mn) 5,376,988.155 Feb 2021 monthly Dec 2001 - Feb 2021
DCS: Domestic Claims (DC) (PHP mn) 13,757,121.650 Feb 2021 monthly Dec 2001 - Feb 2021
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 2021 monthly May 1986 - Apr 2021
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 1,971.505 Sep 2020 quarterly Mar 2009 - Sep 2020
CL: PBS: Real Estate: Residential (PHP bn) 808.553 Sep 2020 quarterly Mar 2009 - Sep 2020
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence: Net Balance (% Point) 40.5 Mar 2021 quarterly Jun 2001 - Mar 2021
Business Confidence Growth (% Point) 4.9 Mar 2021 quarterly Jun 2002 - Mar 2021

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