GDP (annual) in Philippines

International Monetary Fund · Annual · Importance

85,640 (1999) ANUAL · USD mn · Annual · CSV

Period	USD mn
Jan 1999	85,640
Jan 1998	74,492
Jan 1997	94,106
Jan 1996	94,650
Jan 1995	84,644
Jan 1994	73,159
Jan 1993	62,037
Jan 1992	60,422
Jan 1991	51,784
Jan 1990	50,508

About this indicator

Source

International Monetary Fund

Frequency

Annual

Release

Published annually, covering the full year and subject to revision.

What it is

Gross Domestic Product (GDP) measures the value of all final goods and services produced in the Philippines and is the broadest gauge of the size and pace of its economy. It is published by the Philippine Statistics Authority (PSA).

How it's calculated

It is compiled through the demand, output and income approaches, which must reconcile. It is released in real terms as an annual rate of change, with a strong weight of private consumption, underpinned by overseas workers' remittances and business-process outsourcing (BPO).

Market implications

It is the main reference for judging the Philippines' cycle and guides the policy of the Bangko Sentral ng Pilipinas and the path of the peso. A strong print supports the peso and equities, while a weak one bolsters expectations of rate cuts.

Limitations

It is released with a lag and early estimates are later revised. Reliance on remittances and consumption exposes it to external shocks and to weather events such as typhoons.