Philippines Unemployment Rate

1982 - 2023 | Quarterly | % | CEIC Data

Key information about Philippines Unemployment Rate

  • Philippines Unemployment Rate dropped to 4.50% in Apr 2023, from the previously reported figure of 4.80% in Jan 2023.
  • Philippines Unemployment Rate is updated quarterly, available from Jul 1982 to Apr 2023, with an average rate of 8.45%.
  • The data reached an all-time high of 17.60% in Apr 2020 and a record low of 4.50% in Apr 2023.
  • The data is reported by reported by CEIC Data.
  • In the latest reports, Philippines Population reached 109.03 million people in Dec 2020.


View Philippines's Unemployment Rate from Jul 1982 to Apr 2023 in the chart:

Philippines Unemployment Rate

What was Philippines's Unemployment Rate in Apr 2023?

Philippines Unemployment Rate dropped to 4.50% in Apr 2023, from the previously reported figure of 4.80% in Jan 2023. See the table below for more data.

Last Previous Min Max Unit Frequency Range
4.50 Apr 2023 4.80 Jan 2023 4.50 Apr 2023 17.60 Apr 2020 % quarterly Jul 1982 - Apr 2023

Unemployment Rate by Country Comparison

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country/region Last Frequency Range
Albania (%) 10.71 Jun 2023 quarterly Mar 2012 - Jun 2023
Algeria (%) 11.40 Jun 2019 quarterly Mar 2014 - Jun 2019
Argentina (%) 6.90 Mar 2023 quarterly Jun 1990 - Mar 2023
Armenia (%) 11.70 Jun 2023 quarterly Mar 2008 - Jun 2023
Australia (%) 3.72 Oct 2023 monthly Feb 1978 - Oct 2023
Austria (%) 5.50 Sep 2023 monthly Jan 1993 - Sep 2023
Azerbaijan (%) 5.64 Mar 2023 quarterly Mar 2008 - Mar 2023
Bahrain (%) 5.90 2020 yearly 1991 - 2020
Bangladesh (%) 5.30 2020 yearly 1991 - 2020
Belarus (%) 0.10 Sep 2023 monthly Oct 2004 - Sep 2023
Belgium (%) 5.60 Sep 2023 monthly Jan 1983 - Sep 2023
Bolivia (%) 2.82 Jun 2023 quarterly Dec 2015 - Jun 2023
Bosnia and Herzegovina (%) 15.38 2022 yearly 2006 - 2022
Botswana (%) 20.68 2022 yearly 1991 - 2022
Brazil (%) 7.70 Sep 2023 monthly Mar 2012 - Sep 2023
Brunei (%) 5.20 2022 yearly 1981 - 2022
Bulgaria (%) 4.00 Sep 2023 quarterly Mar 2000 - Sep 2023
Cambodia (%) 2.40 2020 yearly 2020 - 2020
Canada (%) 5.70 Oct 2023 monthly Jan 1976 - Oct 2023
Chile (%) 8.91 Sep 2023 monthly Mar 2009 - Sep 2023
China (%) 5.00 Sep 2023 quarterly Mar 2017 - Sep 2023
Colombia (%) 12.12 Mar 2022 monthly Jan 2021 - Mar 2022
Croatia (%) 6.80 Dec 2022 quarterly Mar 1998 - Dec 2022
Cyprus (%) 6.20 Sep 2023 monthly Jan 2000 - Sep 2023
Czech Republic (%) 2.64 Aug 2023 monthly Jan 1993 - Aug 2023
Denmark (%) 4.90 Apr 2023 monthly Jan 2007 - Apr 2023
Ecuador (%) 3.68 Sep 2023 quarterly Dec 2013 - Sep 2023
Egypt (%) 7.10 Sep 2023 quarterly Mar 2003 - Sep 2023
Estonia (%) 5.30 Mar 2023 quarterly Mar 1997 - Mar 2023
European Union (%) 6.00 Oct 2023 monthly Jan 2000 - Oct 2023
Finland (%) 6.90 Apr 2023 monthly Jan 1988 - Apr 2023
France (%) 7.20 Jun 2023 quarterly Mar 1975 - Jun 2023
Georgia (%) 17.26 2022 yearly 1991 - 2022
Germany (%) 3.00 Sep 2023 monthly Jan 1991 - Sep 2023
Ghana (%) 3.87 2022 yearly 1991 - 2022
Greece (%) 11.20 Apr 2023 monthly Apr 1998 - Apr 2023
Hong Kong SAR, China (%) 2.90 Oct 2023 monthly Oct 1981 - Oct 2023
Hungary (%) 4.30 Oct 2023 monthly Jan 2000 - Oct 2023
Iceland (%) 3.45 Oct 2023 monthly Jan 2003 - Oct 2023
India (%) 7.11 2020 yearly 1991 - 2020
Indonesia (%) 5.32 2023 yearly 1984 - 2023
Iran (%) 8.90 Dec 2021 quarterly Jun 2001 - Dec 2021
Ireland (%) 4.10 Jul 2023 monthly Jan 1998 - Jul 2023
Israel (%) 3.24 Sep 2023 monthly Jan 2012 - Sep 2023
Italy (%) 7.43 Sep 2023 monthly Jan 1983 - Sep 2023
Ivory Coast (%) 3.50 2020 yearly 1991 - 2020
Japan (%) 2.60 Sep 2023 monthly Jan 1953 - Sep 2023
Jordan (%) 22.30 May 2023 quarterly Feb 2000 - May 2023
Kazakhstan (%) 4.70 Sep 2023 monthly Jan 2001 - Sep 2023
Kenya (%) 2.98 2020 yearly 1991 - 2020
South Korea (%) 2.50 Oct 2023 monthly Jun 1999 - Oct 2023
Kosovo (%) 11.80 Dec 2022 quarterly Mar 2016 - Dec 2022
Kuwait (%) 0.93 2021 yearly 1999 - 2021
Kyrgyzstan (%) 4.90 2022 yearly 1992 - 2022
Laos (%) 0.95 2020 yearly 1991 - 2020
Latvia (%) 6.50 Oct 2023 monthly Jan 1998 - Oct 2023
Lebanon (%) 29.56 2021 yearly 2004 - 2021
Lithuania (%) 6.20 Sep 2023 monthly Jan 1998 - Sep 2023
Luxembourg (%) 5.31 Aug 2023 monthly Jan 1995 - Aug 2023
Macau SAR, China (%) 2.40 Oct 2023 monthly Sep 1996 - Oct 2023
North Macedonia (%) 13.30 Mar 2023 quarterly Mar 2023 - Mar 2023
Malawi (%) 6.60 2013 yearly 2005 - 2013
Malaysia (%) 3.40 Sep 2023 monthly Jan 2010 - Sep 2023
Malta (%) 2.52 Jun 2023 quarterly Dec 2000 - Jun 2023
Mauritius (%) 7.10 Mar 2020 quarterly Mar 2004 - Mar 2020
Mexico (%) 2.70 Sep 2023 monthly Jan 2005 - Sep 2023
Moldova (%) 5.55 Mar 2023 quarterly Mar 1999 - Mar 2023
Mongolia (%) 5.76 Jun 2023 quarterly Sep 2006 - Jun 2023
Montenegro (%) 12.90 Jun 2023 quarterly Mar 2008 - Jun 2023
Morocco (%) 12.40 Jun 2023 quarterly Mar 1999 - Jun 2023
Mozambique (%) 3.91 2022 yearly 1991 - 2022
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 (%) 3.90 Sep 2023 quarterly Mar 1986 - Sep 2023
Nigeria (%) 4.10 Mar 2023 quarterly Dec 2022 - Mar 2023
Norway (%) 3.60 Sep 2023 monthly Jan 1989 - Sep 2023
Oman (%) 3.50 Sep 2023 monthly Mar 2018 - Sep 2023
Pakistan (%) 6.30 2021 yearly 1980 - 2021
Palestinian Territory (%) 24.10 Sep 2023 quarterly Mar 2000 - Sep 2023
Panama (%) 11.30 2021 yearly 2003 - 2021
Paraguay (%) 5.95 Sep 2023 quarterly Mar 2017 - Sep 2023
Peru (%) 6.56 Oct 2023 monthly Mar 2001 - Oct 2023
Philippines (%) 4.50 Apr 2023 quarterly Jul 1982 - Apr 2023
Poland (%) 5.00 Oct 2023 monthly Jan 1990 - Oct 2023
Portugal (%) 7.20 Jan 2021 monthly Feb 1998 - Jan 2021
Qatar (%) 0.10 2019 yearly 1997 - 2019
Romania (%) 5.60 Apr 2023 monthly Jan 2004 - Apr 2023
Russia (%) 3.03 Sep 2023 monthly Jan 1994 - Sep 2023
Saudi Arabia (%) 4.90 Jun 2023 quarterly Mar 2012 - Jun 2023
Serbia (%) 9.60 Jun 2023 quarterly Mar 2014 - Jun 2023
Singapore (%) 1.90 May 2023 monthly Mar 2020 - May 2023
Slovakia (%) 3.90 Oct 2023 monthly Jan 2006 - Oct 2023
Slovenia (%) 3.60 Jun 2023 quarterly Jun 1997 - Jun 2023
South Africa (%) 31.90 Sep 2023 quarterly Mar 2008 - Sep 2023
Spain (%) 11.84 Sep 2023 quarterly Sep 1976 - Sep 2023
Sri Lanka (%) 5.20 Jun 2023 quarterly Mar 2004 - Jun 2023
Sudan (%) 20.30 2010 yearly 1993 - 2010
Sweden (%) 7.22 Apr 2023 monthly Jan 1983 - Apr 2023
Switzerland (%) 4.35 Sep 2023 monthly Jan 1991 - Sep 2023

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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: CA: Services: Credit: Export (USD mn) 3,770.735 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: Financial Derivatives (FD) (USD mn) 5.062 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: 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: FA: Net Incurrence of Liabilities (USD mn) 2,461.060 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: Credit: Receipts (USD mn) 8.355 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: CA: Secondary Income: Debit: Payments (USD mn) 75.147 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Primary Income (USD mn) 343.818 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Secondary Income (USD mn) 2,683.931 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: Capital Account (CA) (USD mn) 7.312 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: Debit: Payments (USD mn) 1.044 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: FA: FD: Net Acquisition of Financial Assets (USD mn) -46.696 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: Services (USD mn) 1,437.519 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: Export (USD mn) 12,979.698 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: FA: Net Acquisition of Financial Assets (USD mn) 845.324 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: CA: Import (USD mn) 13,517.574 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: FA: Direct Investment (DI) (USD mn) -242.802 Jun 2023 monthly Jan 2005 - Jun 2023
BoP: Current Account (CA) (USD mn) -537.876 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: Secondary Income: Credit: Receipts (USD mn) 2,759.079 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: Primary Income: Credit: Receipts (USD mn) 1,276.392 Jun 2023 monthly Jan 2005 - Jun 2023
External Debt: By Country Profile: Country: USA (USD mn) 4,079.499 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: UK (USD mn) 3,698.908 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: 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
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 (PHP mn) 16,112,633.662 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: 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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