Philippines Unemployment Rate

1982 - 2022 | Quarterly | % | CEIC Data

Key information about Philippines Unemployment Rate

  • Philippines Unemployment Rate dropped to 6.40% in Jan 2022, from the previously reported figure of 7.40% in Oct 2021.
  • Philippines Unemployment Rate is updated quarterly, available from Jul 1982 to Jan 2022, with an average rate of 8.50%.
  • 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.


View Philippines's Unemployment Rate from Jul 1982 to Jan 2022 in the chart:

Philippines Unemployment Rate

What was Philippines's Unemployment Rate in Jan 2022?

Philippines Unemployment Rate dropped to 6.40% in Jan 2022, from the previously reported figure of 7.40% in Oct 2021. See the table below for more data.

Last Previous Min Max Unit Frequency Range
6.40 Jan 2022 7.40 Oct 2021 4.60 Oct 2019 17.60 Apr 2020 % quarterly Jul 1982 - Jan 2022

Unemployment Rate by Country Comparison

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country/region Last Frequency Range
Albania (%) 11.40 Dec 2021 quarterly Mar 2012 - Dec 2021
Algeria (%) 11.71 Sep 2017 quarterly Mar 2014 - Sep 2017
Argentina (%) 7.00 Dec 2021 quarterly Jun 1990 - Dec 2021
Armenia (%) 14.50 Dec 2021 quarterly Mar 2008 - Dec 2021
Australia (%) 3.95 Mar 2022 monthly Feb 1978 - Mar 2022
Austria (%) 4.23 Mar 2022 monthly Jan 1993 - Mar 2022
Azerbaijan (%) 5.95 Dec 2021 quarterly Mar 2008 - Dec 2021
Bahrain (%) 4.30 2016 yearly 1991 - 2016
Bangladesh (%) 5.30 2020 yearly 1991 - 2020
Belarus (%) 0.20 Feb 2022 monthly Oct 2004 - Feb 2022
Belgium (%) 5.60 Mar 2022 monthly Jan 1983 - Mar 2022
Bolivia (%) 3.40 2017 yearly 1999 - 2017
Bosnia and Herzegovina (%) 15.90 2020 yearly 2006 - 2020
Botswana (%) 24.72 2021 yearly 1991 - 2021
Brazil (%) 11.10 Mar 2022 monthly Mar 2012 - Mar 2022
Brunei (%) 7.65 2021 yearly 1991 - 2021
Bulgaria (%) 4.50 Dec 2021 quarterly Mar 2000 - Dec 2021
Cambodia (%) 2.40 2020 yearly 2020 - 2020
Canada (%) 5.20 Apr 2022 monthly Jan 1976 - Apr 2022
Chile (%) 7.80 Mar 2022 monthly Mar 2009 - Mar 2022
China (%) 3.96 Dec 2021 quarterly Dec 1999 - Dec 2021
Colombia (%) 12.12 Mar 2022 monthly Jan 2021 - Mar 2022
Croatia (%) 6.20 Sep 2021 quarterly Mar 1998 - Sep 2021
Cyprus (%) 5.90 Mar 2022 monthly Jan 2000 - Mar 2022
Czech Republic (%) 2.37 Mar 2022 monthly Jan 1993 - Mar 2022
Denmark (%) 5.10 Dec 2021 monthly Jan 2007 - Dec 2021
Ecuador (%) 4.78 Mar 2022 quarterly Dec 2013 - Mar 2022
Egypt (%) 7.20 Mar 2022 quarterly Mar 2003 - Mar 2022
Estonia (%) 5.50 Mar 2022 quarterly Mar 1997 - Mar 2022
European Union (%) 6.20 Mar 2022 monthly Jan 2000 - Mar 2022
Finland (%) 6.50 Mar 2022 monthly Jan 1988 - Mar 2022
France (%) 7.30 Mar 2022 quarterly Mar 1975 - Mar 2022
Georgia (%) 20.62 2021 yearly 1991 - 2021
Germany (%) 2.90 Mar 2022 monthly Jan 1991 - Mar 2022
Ghana (%) 4.70 2021 yearly 1991 - 2021
Greece (%) 12.80 Feb 2022 monthly Apr 1998 - Feb 2022
Hong Kong SAR, China (%) 5.00 Mar 2022 monthly Oct 1981 - Mar 2022
Hungary (%) 3.70 Mar 2022 monthly Jan 2000 - Mar 2022
Iceland (%) 4.30 Mar 2022 monthly Jan 2003 - Mar 2022
India (%) 7.11 2020 yearly 1991 - 2020
Indonesia (%) 6.49 2021 yearly 1984 - 2021
Iran (%) 8.90 Dec 2021 quarterly Jun 2001 - Dec 2021
Ireland (%) 4.80 Apr 2022 monthly Jan 1998 - Apr 2022
Israel (%) 3.80 Mar 2022 monthly Jan 2012 - Mar 2022
Italy (%) 8.28 Mar 2022 monthly Jan 1983 - Mar 2022
Ivory Coast (%) 3.50 2020 yearly 1991 - 2020
Japan (%) 2.60 Mar 2022 monthly Jan 1953 - Mar 2022
Jordan (%) 23.30 Nov 2021 quarterly Feb 2000 - Nov 2021
Kazakhstan (%) 4.90 Apr 2022 monthly Jan 2001 - Apr 2022
Kenya (%) 2.98 2020 yearly 1991 - 2020
South Korea (%) 2.70 Apr 2022 monthly Jun 1999 - Apr 2022
Kosovo (%) 25.80 Mar 2021 quarterly Mar 2016 - Mar 2021
Kuwait (%) 2.09 2018 yearly 1999 - 2018
Kyrgyzstan (%) 5.80 2020 yearly 1992 - 2020
Laos (%) 0.95 2020 yearly 1991 - 2020
Latvia (%) 7.00 Mar 2022 monthly Jan 1998 - Mar 2022
Lebanon (%) 11.35 2018 yearly 2004 - 2018
Lithuania (%) 6.90 Mar 2022 monthly Jan 1998 - Mar 2022
Luxembourg (%) 4.68 Mar 2022 monthly Jan 1995 - Mar 2022
Macau SAR, China (%) 3.50 Mar 2022 monthly Sep 1996 - Mar 2022
North Macedonia (%) 15.20 Dec 2021 quarterly Mar 2004 - Dec 2021
Malawi (%) 6.60 2013 yearly 2005 - 2013
Malaysia (%) 5.40 May 2020 monthly Jan 2016 - May 2020
Malta (%) 3.16 Dec 2021 quarterly Dec 2000 - Dec 2021
Mauritius (%) 7.10 Mar 2020 quarterly Mar 2004 - Mar 2020
Mexico (%) 3.46 Mar 2022 monthly Jan 2005 - Mar 2022
Moldova (%) 2.63 Dec 2021 quarterly Mar 1999 - Dec 2021
Mongolia (%) 8.47 Mar 2022 quarterly Sep 2006 - Mar 2022
Montenegro (%) 15.40 Dec 2021 quarterly Mar 2008 - Dec 2021
Morocco (%) 12.10 Mar 2022 quarterly Mar 1999 - Mar 2022
Mozambique (%) 3.98 2021 yearly 1991 - 2021
Myanmar (%) 1.79 2020 yearly 1991 - 2020
Nepal (%) 4.44 2020 yearly 1991 - 2020
Netherlands (%) 3.10 Jul 2021 monthly Jan 2003 - Jul 2021
New Zealand (%) 3.20 Mar 2022 quarterly Mar 1986 - Mar 2022
Nigeria (%) 33.28 Dec 2020 quarterly Mar 2012 - Dec 2020
Norway (%) 3.10 Feb 2022 monthly Jan 1989 - Feb 2022
Oman (%) 2.30 Mar 2022 monthly Mar 2018 - Mar 2022
Pakistan (%) 6.30 2021 yearly 1980 - 2021
Palestinian Territory (%) 25.40 Mar 2022 quarterly Mar 2000 - Mar 2022
Panama (%) 11.30 2021 yearly 2003 - 2021
Paraguay (%) 8.47 Mar 2022 quarterly Mar 2017 - Mar 2022
Peru (%) 9.41 Mar 2022 monthly Mar 2001 - Mar 2022
Philippines (%) 6.40 Jan 2022 quarterly Jul 1982 - Jan 2022
Poland (%) 5.40 Mar 2022 monthly Jan 1990 - Mar 2022
Portugal (%) 7.20 Jan 2021 monthly Feb 1998 - Jan 2021
Qatar (%) 0.10 2019 yearly 1997 - 2019
Romania (%) 5.70 Mar 2022 monthly Jan 2004 - Mar 2022
Russia (%) 4.25 Dec 2021 monthly Jan 1994 - Dec 2021
Saudi Arabia (%) 6.86 Dec 2021 quarterly Mar 2012 - Dec 2021
Serbia (%) 9.80 Dec 2021 quarterly Mar 2014 - Dec 2021
Singapore (%) 2.20 Mar 2022 monthly Mar 2020 - Mar 2022
Slovakia (%) 6.67 Mar 2022 monthly Jan 2006 - Mar 2022
Slovenia (%) 4.50 Dec 2021 quarterly Jun 1997 - Dec 2021
South Africa (%) 35.30 Dec 2021 quarterly Mar 2008 - Dec 2021
Spain (%) 13.65 Mar 2022 quarterly Sep 1976 - Mar 2022
Sri Lanka (%) 4.60 Dec 2021 quarterly Jun 2012 - Dec 2021
Sudan (%) 20.30 2010 yearly 1993 - 2010
Sweden (%) 7.62 Mar 2022 monthly Jan 1983 - Mar 2022
Switzerland (%) 4.39 Dec 2021 monthly Jan 1991 - 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) 7,170.9 Mar 2022 monthly Jan 1979 - Mar 2022
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) 12,174.9 Mar 2022 monthly Jan 1979 - Mar 2022
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) 869.836 Mar 2022 monthly Jan 1986 - Mar 2022
Total Exports to China (USD mn) 1,183.734 Mar 2022 monthly Jan 1984 - Mar 2022
Total Imports from China (USD mn) 2,133.406 Mar 2022 monthly Jan 1986 - Mar 2022
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
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: 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: 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: 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
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
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: 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: By Country Profile: Country: USA (USD mn) 3,828.259 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: By Country Profile: Country: Japan (USD mn) 14,572.103 Dec 2021 quarterly Mar 2005 - 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
FDI: Approved: Transportation & Storage (PHP mn) 43.835 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 2021 quarterly Mar 2009 - Dec 2021
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) 204,020.724 Feb 2022 monthly Mar 2008 - Feb 2022
Total Loans Growth (%) 5.50 Feb 2022 monthly Mar 2009 - Feb 2022
Private Debt: % of Nominal GDP (%) 48.59 Mar 2022 quarterly 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 (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: 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
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 1,976.127 Dec 2021 quarterly Mar 2009 - Dec 2021
CL: PBS: Real Estate: Residential (PHP bn) 890.466 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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