48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES                                              
  2013 - 2017                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   Korea   Taiwan   China   Vietnam  
                                                 
     I.  Real Sector  
         A.  Real GDP Growth Rate  2013 7.1 4.7 5.6 2.7 5.0 6.1 2.9 2.2 7.8 5.4  
                    (in percent) 2014 6.1 6.0 5.0 0.9 3.6 7.0 3.3 4.0 7.3 6.0  
  2015 6.1 5.0 4.9 2.9 1.9 7.5 2.6 0.7 6.9 6.7  
  Q1 5.1 5.8 4.8 3.1 2.4 7.3 2.4 4.0 7.0 6.1  
  Q2 6.0 4.9 4.7 2.9 2.0 7.6 2.2 0.7 7.0 6.5  
  Q3 6.4 4.7 4.8 3.0 2.1 8.0 2.8 -0.7 6.9 6.6  
  Q4 6.7 4.6 5.2 2.7 1.3 7.2 3.1 -0.8 6.8 7.2  
   
  2016 6.9 4.2 5.0 3.2 2.0 7.9 2.2 1.5 6.7 6.2  
  Q1 6.9 4.1 4.9 3.1 1.9 9.1 2.8 -0.2 6.7 5.6  
  Q2 7.1 4.0 5.2 3.6 1.9 7.9 2.2 1.1 6.7 5.6  
  Q3 7.1 4.3 5.0 3.2 1.2 7.5 1.1 2.1 6.7 6.6  
  Q4 6.6 4.5 4.9 3.0 2.9 7.0 2.6 2.8 6.8 6.8  
   
  2017 Q1 6.4 5.6 5.0 3.3 2.7 6.1 3.2 2.6 6.9 5.1  
   
        B.  Nominal GDP Growth Rate  2013 9.3 4.9 10.8 4.6 4.8 12.9 3.8 3.7 10.2 10.4  
                    (in percent) 2014 9.5 8.6 10.7 2.2 3.1 11.8 4.0 5.8 8.2 9.9  
  2015 5.4 4.6 9.1 3.6 4.5 9.1 4.8 4.0 7.0 6.5  
  Q1 5.4 4.4 8.9 3.2 5.5 8.5 4.2 8.7 7.4 6.9  
  Q2 5.8 4.1 9.5 3.0 5.0 10.5 4.8 3.6 7.7 6.4  
  Q3 4.8 4.9 9.0 4.3 4.8 8.8 5.3 2.8 6.6 6.7  
  Q4 5.7 5.1 9.1 3.7 2.9 8.5 5.0 1.2 6.4 6.1  
   
  2016 8.7 6.3 7.6 5.1 0.5 10.8 4.7 2.1 8.0 7.4  
  Q1 7.7 4.8 7.4 4.2 0.0 11.9 4.3 1.5 7.0 5.1  
  Q2 8.9 5.4 7.2 5.6 0.1 10.4 4.9 1.9 7.3 6.1  
  Q3 9.4 6.6 7.1 5.2 -0.6 10.5 4.7 1.9 7.8 8.0  
  Q4 8.7 8.1 8.6 5.3 2.6 10.4 5.0 3.3 9.6 9.2  
   
  2017 Q1 9.2 11.6 10.1 6.7 4.7 12.5 5.6 0.9 11.8 9.6  
   
        C.  Inflation Rates   2013 3.0 2.1 6.4 2.2 2.3 10.1 1.4 0.8 2.6 6.2  
               (in percent) 2014 4.1 3.1 6.4 1.9 1.0 6.7 1.3 1.2 2.0 4.1  
  2015 1.4 2.1 6.4 -0.9 -0.5 4.9 0.7 -0.3 1.4 0.6  
  Q1 2.5 0.7 6.5 -0.5 -0.4 5.3 0.7 -0.6 1.2 0.7  
  Q2 1.7 2.2 7.1 -1.1 -0.4 5.1 0.6 -0.7 1.4 1.0  
  Q3 0.6 3.0 7.1 -1.1 -0.6 3.9 0.6 -0.3 1.7 0.5  
  Q4 1.0 2.6 4.8 -0.9 -0.7 5.3 0.9 0.3 1.5 0.3  
   
  2016 1.8 2.1 3.5 0.2 -0.5 5.0 1.0 -0.3 2.0 2.7  
  Q1 1.1 3.4 4.3 -0.5 -0.8 5.3 0.9 1.7 2.1 1.3  
  Q2 1.5 1.9 3.5 0.3 -1.0 5.7 0.8 1.3 2.1 2.2  
  Q3 2.0 1.3 3.0 0.3 -0.4 5.2 0.7 0.7 1.7 2.8  
  Q4 2.5 1.7 3.3 0.7 0.0 3.7 1.5 1.8 2.2 4.4  
   
  2017 Q1 3.2 4.3 3.6 -4.8 0.6 3.6 2.1 1.8 1.4 5.0  
  Q2 3.1 4.0 a 4.3 -5.8 a 0.9 a 3.0 b 1.9 0.3 a 1.4 3.3  
   
        D.  Unemployment rate 2013 7.1 3.1 6.1 0.7 1.9 - 3.1 4.2 4.1 2.2  
                   (in percent) 2014 6.6 2.3 5.8 0.8 2.0 - 3.6 4.0 4.1 2.1  
  2015 6.3 3.1 5.8 0.9 1.9 - 3.6 3.8 4.1 2.3  
  Q1 6.6 3.1 5.8 1.0 1.8 - 3.7 3.7 4.1 2.4  
  Q2 6.4 3.1 - 0.9 2.0 - 3.8 3.7 4.0 2.4  
  Q3 6.5 3.2 6.2 0.9 2.0 - 3.6 3.9 4.1 2.4  
  Q4 5.6 3.2 - 0.8 1.9 - 3.5 3.9 4.1 2.1  
   
  2016 5.5 3.5 - 1.0 2.1 - 3.7 3.9 4.0 2.3  
  Q1 5.8 3.4 5.5 0.9 1.9 - 3.8 3.9 4.0 2.3  
  Q2 6.1 3.4 - 1.1 2.1 - 3.7 3.9 4.1 2.3  
  Q3 5.4 3.5 5.6 0.9 2.1 - 3.8 4.0 4.0 2.3  
  Q4 4.7 3.5 - 1.0 2.2 - 3.7 3.9 4.0 2.3  
   
  2017 Q1 6.6 3.5 - 1.2 2.3 - - 3.8 4.0 2.3  
  Q2 - 3.4 b - 1.3 b - - - 3.7 a - 2.3  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES                                              
  2013 - 2017                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   Korea   Taiwan   China   Vietnam  
   
    II.  External Transactions 1  
        A.  Trade  (in million US dollars) 2013 56,698 228,428 182,553 228,505 419,938 314,803 559,632 311,428 2,210,665 132,033  
              1.  Exports 2014 62,102 234,085 176,294 227,524 415,378 322,480 572,665 315,381 2,343,220 150,217  
  2015 58,827 199,872 150,393 214,352 357,906 267,791 526,757 285,344 2,282,461 162,017  
  Q1 14,304 50,604 39,163 53,351 91,218 70,457 133,400 71,305 514,017 36,391  
  Q2 14,697 50,570 39,300 53,482 91,448 66,990 135,104 73,211 558,364 41,301  
  Q3 15,458 49,283 36,781 54,691 87,684 66,733 128,235 71,224 597,519 42,459  
  Q4 14,368 49,416 35,149 52,829 87,556 63,610 130,017 69,604 612,560 41,866  
   
  2016 57,406 189,575 144,433 215,327 338,084 264,304 495,426 280,321 2,136,595 176,581  
  Q1 13,347 44,076 33,603 53,829 76,645 64,956 115,187 62,656 464,144 38,784  
  Q2 13,986 46,857 35,965 51,308 86,088 65,717 126,024 68,629 534,001 43,460  
  Q3 15,185 48,278 34,848 55,330 86,121 66,185 121,853 71,274 557,732 46,313  
  Q4 14,888 50,364 40,075 54,859 89,229 67,446 132,361 77,762 580,718 48,024  
   
  2017 Q1 15,518 50,571 40,694 56,456 88,884 76,974 132,107 72,089 483,432 44,693  
  Q2 - - - - - - - - - 53,266  
   
  (Growth rates in percent) 2013 8.8 0.5 -3.9 -0.3 1.0 7.0 2.1 1.6 7.9 15.3  
  2014 9.5 2.5 -3.4 -0.4 -1.1 2.4 2.3 2.8 6.0 13.8  
  2015 -5.3 -14.6 -14.7 -5.8 -13.8 -17.0 -8.0 -10.9 -2.6 7.9  
  Q1 0.2 -11.2 -11.6 -4.7 -11.9 -14.7 -3.0 -4.5 4.6 9.0  
  Q2 -7.9 -14.9 -11.7 -5.0 -14.2 -16.0 -7.3 -10.5 -2.2 9.3  
  Q3 -7.7 -17.0 -16.2 -5.3 -17.0 -18.1 -9.5 -14.0 -5.9 9.1  
  Q4 -5.0 -15.4 -19.4 -8.1 -12.1 -19.1 -12.0 -13.9 -5.2 4.3  
   
  2016 -2.4 -5.2 -3.9 0.5 -5.5 -1.3 -5.9 -1.8 -6.4 9.0  
  Q1 -6.7 -12.9 -14.2 0.9 -16.0 -7.8 -13.7 -12.1 -9.7 6.6  
  Q2 -4.8 -7.3 -8.5 -4.1 -5.9 -1.9 -6.7 -6.2 -4.4 5.2  
  Q3 -1.8 -2.0 -5.3 1.2 -1.8 -0.8 -5.0 0.1 -6.7 9.1  
  Q4 3.6 1.9 14.0 3.8 1.9 6.0 1.8 11.7 -5.2 14.7  
   
  2017 Q1 16.3 14.7 21.1 4.9 16.0 18.5 14.7 15.1 4.2 15.2  
  Q2 - - - - - - - - - 22.6  
   
             2.  Imports 2013 62,411 205,978 186,628 250,407 388,053 466,911 515,470 278,010 1,949,302 132,033  
  2014 65,398 208,681 178,178 227,748 377,915 462,920 525,515 281,850 1,963,105 147,849  
  2015 71,067 175,903 142,695 202,653 308,098 393,830 436,499 237,219 1,680,808 165,570  
  Q1 17,089 44,712 36,731 51,861 76,480 96,419 111,767 58,729 390,285 38,999  
  Q2 15,828 45,018 37,218 51,425 79,748 99,880 110,497 61,481 418,823 42,119  
  Q3 19,277 43,910 34,040 50,422 77,627 102,389 107,960 59,435 433,913 42,672  
  Q4 18,874 42,263 34,706 48,946 74,243 95,141 106,275 57,574 437,787 41,781  
   
  2016 84,108 168,540 135,182 194,668 291,910 361,606 406,193 229,829 1,589,460 174,804  
  Q1 19,155 38,339 32,213 45,640 67,688 83,596 93,830 50,416 338,408 37,463  
  Q2 21,176 42,371 33,820 47,084 73,018 85,091 99,304 56,759 390,559 43,492  
  Q3 21,707 43,847 32,700 49,814 72,607 90,459 102,464 59,227 413,478 44,572  
  Q4 22,070 43,983 36,959 52,129 78,597 102,460 110,595 64,167 447,015 49,276  
   
  2017 Q1 22,053 46,321 36,606 52,404 77,518 104,825 116,250 61,303 417,320 46,687  
  Q2 - - - - - - - - - 53,809  
   
  (Growth rates in percent) 2013 0.5 4.8 -3.0 0.5 0.6 -4.9 -0.8 0.2 7.2 16.0  
  2014 4.8 1.3 -4.5 -9.0 -2.6 -0.9 1.9 1.4 0.7 12.0  
  2015 8.7 -15.7 -19.9 -11.0 -18.5 -14.9 -16.9 -15.8 -14.4 12.0  
  Q1 4.5 -8.7 -15.0 -6.6 -20.6 -13.4 -15.6 -12.1 -17.8 20.9  
  Q2 3.7 -16.2 -20.3 -9.4 -18.7 -11.8 -15.6 -12.6 -13.6 13.9  
  Q3 12.1 -18.8 -23.4 -15.3 -17.9 -15.3 -18.7 -16.2 -14.4 11.7  
  Q4 13.7 -18.8 -20.8 -12.6 -16.7 -19.0 -17.8 -15.1 -11.8 3.4  
   
  2016 18.3 -4.2 -5.3 -3.9 -5.3 -8.2 -6.9 -3.1 -5.4 5.6  
  Q1 12.1 -14.3 -12.3 -12.0 -11.5 -13.3 -16.0 -14.2 -13.3 -3.9  
  Q2 33.8 -5.9 -9.1 -8.4 -8.4 -14.8 -10.1 -7.7 -6.7 3.3  
  Q3 12.6 -0.1 -3.9 -1.2 -6.5 -11.7 -5.1 -0.4 -4.7 4.5  
  Q4 16.9 4.1 6.5 6.5 5.9 7.7 4.1 11.5 2.1 17.9  
   
  2017 Q1 15.1 20.8 13.6 14.8 14.5 25.4 23.9 21.6 23.3 24.6  
  Q2 - - - - - - - - - 23.7  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES                                              
  2013 - 2017                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   Korea   Taiwan   China   Vietnam  
   
           3. Trade Balance 2013 -5,713 22,260 -4,076 -21,902 31,885 -152,108 44,162 33,418 261,363 0  
  2014 -3,296 25,274 -1,884 -225 37,463 -140,440 47,150 38,242 96,243 2,368  
  2015 -12,240 6,100 7,699 11,699 49,808 -126,039 90,258 48,124 601,653 -3,554  
  Q1 -2,784 5,892 2,432 1,490 14,737 -25,962 21,633 12,575 123,732 -2,608  
  Q2 -1,131 5,552 2,082 2,057 11,700 -32,890 24,607 11,730 139,541 -818  
  Q3 -3,819 5,373 2,741 4,269 10,058 -35,656 20,276 11,789 163,607 -213  
  Q4 -4,506 7,153 444 3,883 13,313 -31,531 23,742 12,030 174,774 86  
   
  2016 -26,702 21,035 8,797 20,659 46,174 -97,302 89,233 50,492 547,135 -210  
  Q1 -5,808 5,737 1,389 8,189 8,957 -18,639 21,358 12,240 125,736 1,321  
  Q2 -7,190 4,486 2,145 4,224 13,070 -19,374 26,720 11,870 143,442 -32  
  Q3 -6,522 4,431 2,148 5,516 13,514 -24,274 19,389 12,048 144,254 1,741  
  Q4 -7,182 6,381 3,116 2,730 10,633 -35,014 21,766 13,596 133,702 -1,252  
   
  2017 Q1 -6,535 4,250 4,088 4,053 11,365 -27,851 15,856 10,786 66,112 -1,994  
  Q2 - - - - - - - - - -543  
   
                As percent of GDP 2013 -2.1 6.9 -0.4 -5.2 10.5 -8.2 3.4 6.5 2.7 0.0  
  2014 -1.2 7.5 -0.2 -0.1 12.2 -7.0 3.3 7.2 0.9 1.3  
  2015 -4.2 2.1 0.9 2.9 16.8 -6.1 6.6 9.2 5.5 -1.8  
  Q1 -4.1 7.7 1.1 1.4 19.8 -4.9 6.5 9.5 5.1 -6.9  
  Q2 -1.5 7.2 1.0 2.1 15.6 -6.5 7.0 8.9 5.1 -1.8  
  Q3 -5.5 7.5 1.3 4.4 13.8 -7.0 6.0 9.0 5.8 -0.4  
  Q4 -5.6 10.1 0.2 3.9 17.9 -6.0 6.8 9.2 5.8 0.1  
   
  2016 -8.8 7.1 0.9 5.1 15.5 -4.4 6.3 9.4 4.9 -0.1  
  Q1 -8.4 8.3 0.6 8.2 12.5 -3.4 6.7 9.6 5.1 3.4  
  Q2 -9.2 6.0 0.9 4.2 17.6 -3.6 7.6 9.3 5.2 -0.1  
  Q3 -8.8 5.8 0.9 5.4 18.1 -4.4 5.2 8.9 5.0 3.3  
  Q4 -8.6 8.4 1.3 2.6 14.0 -6.2 5.9 9.8 4.3 -1.9  
   
  2017 Q1 -9.1 5.8 1.7 3.7 15.2 -4.5 4.5 7.8 2.5 -4.8  
  Q2 - - - - - - - - - -1.1  
   
      B.  Current Account   
            1.   Current Account Balance   2013 11,384 11,204 -29,109 -4,845 51,139 -49,226 81,148 51,284 148,204 9,471  
      (in million US dollars) 2014 10,756 14,846 -27,510 15,100 60,809 -27,315 84,373 61,849 236,047 9,360  
  2015 7,266 9,068 -17,519 32,149 53,695 -22,395 105,940 75,180 304,164 906  
  Q1 1,906 3,016 -4,314 10,142 14,469 -625 23,222 21,558 76,048 -1,341  
  Q2 2,959 2,239 -4,279 4,552 11,065 -6,119 26,951 15,845 76,420 691  
  Q3 959 1,288 -4,224 6,213 14,226 -8,539 28,246 18,310 67,879 479  
  Q4 1,442 2,524 -4,703 11,241 13,935 -7,112 27,520 19,468 83,818 1,077  
   
  2016 601 p 6,927 -16,909 46,828 56,656 -12,114 98,774 70,938 196,380 8,528  
  Q1 730 p 1,477 -4,659 17,852 11,323 -318 25,350 19,581 45,238 2,632  
  Q2 141 p 768 -5,147 8,391 15,641 -382 26,337 16,970 65,101 2,242  
  Q3 763 p 1,794 -5,003 10,380 16,833 -3,449 21,510 16,249 74,231 3,499  
  Q4 -1,032 p 2,888 -2,099 9,695 12,860 -7,964 25,578 19,452 11,810 155  
   
  2017 Q1 -318 p 1,186 -2,397 13,319 13,694 -3,433 19,431 16,392 19,000 -  
   
   
                         As percent of GDP 2013 4.2 3.5 -3.2 -1.2 16.9 -2.6 6.2 10.0 1.5 5.5  
  2014 3.8 4.4 -3.1 3.7 19.7 -1.4 6.0 11.7 2.3 5.0  
  2015 2.5 3.1 -2.0 8.1 18.1 -1.1 7.7 14.3 2.8 0.5  
  Q1 2.8 3.9 -2.0 9.7 19.4 -0.1 6.9 16.2 3.1 -3.6  
  Q2 4.0 2.9 -2.0 4.5 14.7 -1.2 7.6 12.1 2.8 1.5  
  Q3 1.4 1.8 -2.0 6.5 19.5 -1.7 8.3 14.0 2.4 1.0  
  Q4 1.8 3.6 -2.2 11.4 18.8 -1.4 7.9 14.9 2.8 1.8  
   
  2016 0.2 p 2.3 -1.8 11.5 19.1 -0.6 7.0 13.4 1.8 4.2  
  Q1 1.1 p 2.1 -2.2 17.9 15.8 -0.1 7.9 15.3 1.8 6.8  
  Q2 0.2 p 1.0 -2.2 8.4 21.0 -0.1 7.5 13.3 2.4 4.8  
  Q3 1.0 p 2.3 -2.0 10.6 22.5 -0.6 5.8 12.0 2.6 6.6  
  Q4 -1.2 p 3.8 -0.9 9.2 16.9 -1.4 7.0 14.0 0.4 0.2  
   
  2017 Q1 -0.4 p 1.6 -1.0 12.3 18.4 -0.6 5.5 11.9 0.7 -  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES                                              
  2013 - 2017                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   Korea   Taiwan   China   Vietnam  
   
      C.  Financial Account   
            1.   Net Foreign Direct Investments Flows 2 2013 3,737 11,295 23,282 15,936 64,676 28,153 12,767 3,598 290,928 8,900  
      (in million US dollars) 2014 5,740 10,619 25,121 4,975 73,993 34,577 9,274 2,839 268,097 9,200  
  2015 5,639 9,857 19,779 9,004 70,553 44,009 6,607 2,413 242,489 11,800  
  Q1 876 1,898 5,712 2,480 19,799 10,487 996 1,067 66,830 2,270  
  Q2 1,106 4,504 7,258 3,417 15,237 11,448 113 288 61,739 2,580  
  Q3 2,516 1,190 2,873 718 18,062 8,157 2,275 806 42,311 2,300  
  Q4 1,140 2,266 3,936 2,389 17,455 13,916 720 252 71,610 4,650  
   
  2016 7,933 p 13,526 4,269 2,553 61,632 44,459 10,827 8,333 170,557 12,600  
  Q1 1,337 p 3,623 3,242 2,022 11,934 11,384 42 716 41,133 2,860  
  Q2 2,847 p 2,642 4,468 1,696 16,437 5,895 3,903 500 33,652 2,980  
  Q3 1,667 p 3,540 6,091 -3,929 15,628 13,983 3,090 203 26,194 3,010  
  Q4 2,082 p 3,721 -9,532 2,765 17,633 13,196 3,791 6,915 69,578 3,750  
   
  2017 Q1 1,560 p 2,460 2,869 3,297 17,751 9,141 4,441 925 - -  
  Q2 874 p - - - - - - - - -  
   
  (Growth rates in percent) 2013 16.2 27.0 9.8 23.5 14.8 17.3 34.4 12.2 20.6 6.4  
  2014 53.6 -6.0 7.9 -68.8 14.4 22.8 -27.4 -21.1 -7.8 3.4  
  2015 -1.7 -7.2 -21.3 81.0 -4.6 27.3 -28.8 -15.0 -9.6 28.3  
  Q1 -35.6 0.9 16.7 -21.9 -16.0 7.2 -70.6 11.5 9.0 6.2  
  Q2 -29.6 16.7 9.1 91.0 -10.7 38.0 -92.8 -49.7 14.7 9.2  
  Q3 75.0 -55.4 -64.2 -69.5 6.1 -7.6 12.6 -2.4 -34.0 3.6  
  Q4 -16.8 2.4 -29.1 -289.2 6.8 81.3 -68.5 -47.9 -19.4 87.5  
   
  2016 40.7 p 37.2 -78.4 -71.6 -12.6 1.0 163.8 245.3 -29.7 6.8  
  Q1 52.6 p 90.9 -43.2 -18.5 -39.7 8.6 -95.8 -32.9 -38.5 26.0  
  Q2 157.3 p -41.3 -38.4 -50.4 7.9 -48.5 3360.5 73.6 -45.5 15.5  
  Q3 -33.8 p 197.5 112.0 -647.4 -13.5 71.4 35.8 -74.8 -38.1 30.9  
  Q4 82.6 p 64.3 -342.2 15.7 1.0 -5.2 426.7 2644.0 -2.8 -19.4  
   
  2017 Q1 16.6 p -32.1 -11.5 63.1 48.7 -19.7 10448.2 29.2 - -  
  Q2 -61.1 p - - - - - - - - -  
   
            2.   Net Foreign Portfolio Investments Flows 3 2013 363 - 12,145 -1,368 -1,475 7,027 18,150 7,953 -72,016 1,389  
      (in million US dollars) 2014 -3 - 23,480 -4,695 5,848 37,740 9,208 13,055 101,292 93  
  2015 -2,128 - 17,451 -12,691 -4,089 9,487 10,021 -858 280,683 -65  
  Q1 1,345 - 8,484 -1,609 -1,110 12,452 2,711 4,720 68,467 -53  
  Q2 -2,248 - 6,266 -2,857 -1,834 -50 9,152 3,193 63,245 160  
  Q3 -1,479 - -1,505 -4,119 -795 -3,469 -11,200 -8,357 44,054 -79  
  Q4 254 - 4,206 -4,106 -350 554 -8,314 -414 74,092 -93  
   
  2016 -264 p - 16,728 1,473 3,886 -4,725 -3,298 2,643 41,213 48  
  Q1 -958 p - 4,605 2,590 -763 -1,538 -4,142 4,009 -18,856 -66  
  Q2 367 p - 7,875 -419 2,935 2,103 2,340 1,885 23,448 309  
  Q3 436 p - 4,607 5,373 2,484 6,050 4,291 2,869 21,541 361  
  Q4 -109 p - -358 -6,071 -770 -11,341 -5,787 -6,120 15,079 -556  
   
  2017 Q1 -2641.1 p - 7,444 1,853 4,866 10,799 15,000 8,043 - -  
   
  (Growth rates in percent) 2013 -91.3 - -17.2 -113.2 -132.4 -76.7 -44.7 147.4 -55.5 -26.4  
  2014 -100.9 - 93.3 -243.2 496.4 437.1 -49.3 64.2 240.7 -93.3  
  2015 -62137.4 - -25.7 -170.3 -169.9 -74.9 8.8 -106.6 177.1 -169.9  
  Q1 185.6 - 2.7 -4.1 -219.0 34.5 177.3 -3.3 11.7 -541.7  
  Q2 -290.4 - -30.7 -651.3 -201.7 -100.4 43.1 -66.3 17.5 -48.6  
  Q3 -324.5 - -124.6 -2016.2 -239.3 -135.5 -348.8 166.3 -31.3 61.2  
  Q4 193.6 - 6093.6 -9.5 -109.1 -91.2 -557.4 -122.6 -16.6 -48.6  
  r  
  2016 87.6 p - -5.6 111.6 195.0 -149.8 -132.9 408.0 -85.3 -173.8  
  Q1 -171.2 p - -45.7 261.0 31.3 -112.4 -252.8 -15.1 -127.5 -24.5  
  Q2 116.3 p - 25.7 85.3 260.0 4310.5 -74.4 -41.0 -62.9 93.1  
  Q3 129.5 p - 406.2 230.5 412.4 274.4 138.3 134.3 -51.1 557.0  
  Q4 -143.0 p - -108.5 -47.9 -120.4 -2,147.6 30.4 -1378.3 -79.6 497.8  
   
  2017 Q1 -175.8 p - 61.7 -28.5 737.8 802.1 462.1 100.6 - -  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES                                              
  2013 - 2017                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   Korea   Taiwan   China   Vietnam  
   
      D.  Overall Balance of Payments 2013 5,085 - -7,325 -5,049 18,166 11,271 16,296 8,782 431,383 7,465  
    (in million US dollars) 2014 -2,858 - 15,249 -1,210 6,801 - 17,886 8,904 - 8,375  
  2015 2,616 - -1,098 5,859 1,126 - 420 6,984 - -6,032  
  Q1 877 - 1,303 3,985 -967 - -226 360 - 2,662  
  Q2 807 - -2,925 3,326 2,000 - -1,069 570 - 555  
  Q3 124 - -4,565 -2,383 344 - 1,586 7,350 - -6,594  
  Q4 809 - 5,089 931 -252 - 128 -1,296 - -2,655  
   
  2016 -420 - 12,089 12,845 -1,474 - 1,745 - - 8,390  
  Q1 -210 - -287 13,773 -6,207 - 3,456 1,795 - 3,464  
  Q2 843 - 2,162 3,917 3,501 - -7,203 - - 3,211  
  Q3 1,014 - 5,708 777 4,018 - 5,735 - - 2,978  
  Q4 -2,068 - 4,505 -5,624 -2,785 - -243 - - -1,263  
   
  2017 Q1 -994 - 4,514 8,187 11,729 - 87 - - -  
  Q2 858 a - - - - - - - - -  
   
      E.  External Debt  4 2013 78.5 212.3 266.1 141.9 1333.8 426.9 423.5 170.1 863.2 3.1  
   Levels (in billion US dollars) 2014 77.7 214.0 293.3 140.7 1346.8 458.2 424.3 177.9 895.5 3.4  
  2015 Q1 75.3 206.5 299.0 137.0 1344.8 474.7 415.9 171.6 1673.2 -  
  Q2 75.0 209.3 305.3 136.5 1329.3 482.0 420.5 181.1 1680.1 -  
  Q3 75.6 191.6 302.7 133.7 1303.2 480.5 408.0 173.5 1529.8 -  
  Q4 77.5 195.1 310.7 129.4 1281.4 479.2 396.1 159.0 1416.2 -  
   
  2016 Q1 77.6 207.7 317.3 133.9 1317.0 485.0 389.2 159.7 1331.5 -  
  Q2 77.7 206.7 325.5 143.1 1315.8 479.5 392.8 163.2 1356.3 -  
  Q3 76.6 214.6 326.9 139.3 1323.9 484.1 400.2 171.8 1399.0 -  
  Q4 74.8 212.1 317.1 131.4 1316.8 456.0 380.9 172.2 1420.7 -  
   
  2017 Q1 73.8 201.9 326.3 131.4 - 471.9 405.7 182.3 - -  
   
               ( As percent of GDP) 2013 28.9 65.7 29.2 33.8 440.9 22.9 32.4 33.3 8.9 1.8  
  2014 27.3 63.3 32.9 34.6 437.0 23.0 30.0 33.5 8.6 1.8  
  2015 Q1 26.1 61.8 33.5 33.4 437.9 23.3 29.4 32.0 15.8 -  
  Q2 25.7 63.9 34.5 33.3 435.1 23.5 29.8 33.7 15.6 -  
  Q3 25.9 61.3 34.9 33.0 432.8 23.3 29.5 32.6 14.0 -  
  Q4 26.5 65.6 36.1 32.4 431.6 23.1 28.8 30.3 12.9 -  
   
  2016 Q1 26.5 71.7 36.7 33.9 447.5 23.2 28.6 30.7 12.1 -  
  Q2 26.2 72.1 37.1 36.3 448.3 22.7 28.9 31.6 12.3 -  
  Q3 25.4 73.6 36.1 34.8 448.5 22.5 28.8 33.0 12.6 -  
  Q4 24.5 71.5 34.0 32.3 443.4 20.8 27.1 32.5 12.7 -  
   
  2017 Q1 24.0 67.1 34.1 31.6 - 20.8 28.2 33.7 - -  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES                                              
  2013 - 2017                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   Korea   Taiwan   China   Vietnam  
   
       F.  Gross International Reserves     2013 83,187 134,900 99,387 167,197 273,065 295,708 346,460 416,811 3,821,320 26,287  
    (in million US dollars) 2014 79,541 115,962 111,862 156,985 256,860 320,649 363,593 418,980 3,843,017 34,575  
  2015 Q1 80,459 105,128 111,554 157,371 248,404 341,638 362,750 414,689 3,730,038 37,297  
  Q2 80,644 105,503 108,030 160,342 253,280 356,001 374,749 421,411 3,693,838 37,720  
  Q3 80,551 93,364 101,720 155,676 251,640 350,289 368,114 426,325 3,514,120 31,019  
  Q4 80,667 95,313 105,931 156,514 247,747 350,381 367,962 426,031 3,330,362 28,616  
   
  2016 Q1 82,977 97,036 107,543 173,053 246,538 360,176 369,840 431,601 3,212,579 32,017  
  Q2 85,284 97,165 109,789 178,800 248,859 363,506 369,890 433,552 3,205,162 35,416  
  Q3 86,139 97,680 115,671 180,469 253,408 371,990 377,770 436,726 3,166,382 38,055  
  Q4 80,692 94,514 116,362 171,853 246,575 358,898 371,102 434,204 3,010,517 36,906  
   
  2017 Q1 80,894 95,437 121,806 180,869 259,638 369,955 375,302 437,526 3,009,088 -  
  Q2 81,412 p 98,900 123,094 184,001 c 266,303 380,100 c 380,568 440,253 c 3,056,789 -  
   
       G.  Import Cover 5 2013 16.0 7.9 6.4 8.0 8.4 7.6 8.1 18.0 23.5 2.4  
         (Equivalent in months of goods)   2014 14.6 6.7 7.5 8.3 8.2 8.3 8.3 18.2 23.5 2.8  
  2015 Q1 14.6 6.2 7.8 8.4 8.3 9.2 8.6 18.6 23.8 2.9  
  Q2 14.5 6.5 8.0 8.8 8.9 9.8 9.3 19.5 24.5 2.8  
  Q3 14.1 6.0 8.0 8.9 9.4 10.1 9.6 20.7 24.2 2.3  
  Q4 13.6 6.5 8.9 9.3 9.6 10.7 10.1 21.6 23.8 2.1  
   
  2016 Q1 13.6 6.9 9.3 10.6 9.9 11.3 10.6 22.6 23.7 2.3  
  Q2 13.0 7.0 9.8 11.2 10.2 11.9 10.9 23.2 24.0 2.6  
  Q3 12.8 7.0 10.4 11.3 10.6 12.6 11.3 23.4 24.0 2.7  
  Q4 11.5 6.7 10.3 10.6 10.1 11.9 11.0 22.6 22.7 2.6  
   
  2017 Q1 11.2 6.5 10.4 11.0 10.3 11.6 10.5 21.7 21.6 -  
  Q2 11.1 p 6.6 10.4 10.9 c 10.4 11.3 c 10.4 21.3 c 21.5 -  
   
      H.  Exchange Rate  2013 42.45 3.15 10461.24 30.73 1.25 58.53 1094.82 29.77 6.15 20900.17  
           Levels (local currency / US dollars) 2014 44.40 3.27 11868.67 32.48 1.27 61.02 1052.96 30.37 6.16 21147.67  
  2015 45.50 3.91 13389.41 34.25 1.37 64.10 1131.16 31.91 6.27 21676.96  
  Q1 44.42 3.62 12798.59 32.65 1.36 62.20 1099.97 31.59 6.20 21450.93  
  Q2 44.67 3.66 13133.84 33.25 1.34 63.38 1097.12 30.99 6.20 21590.58  
  Q3 46.05 4.06 13850.88 35.25 1.39 64.96 1170.42 32.21 6.30 21776.33  
  Q4 46.87 4.29 13774.34 35.84 1.41 65.88 1157.12 32.85 6.39 21890.00  
   
  2016 47.49 4.14 13308.71 35.30 1.38 67.17 1160.84 32.33 6.64 21932.41  
  Q1 47.29 4.21 13532.63 35.64 1.40 67.49 1202.13 33.35 6.54 21888.60  
  Q2 46.52 4.01 13318.18 35.27 1.36 66.86 1163.22 32.44 6.53 21875.81  
  Q3 47.06 4.05 13132.91 34.84 1.35 66.95 1119.96 31.73 6.66 21892.09  
  Q4 49.11 4.32 13251.10 35.39 1.41 67.40 1158.06 31.78 6.83 22073.14  
   
  2017 Q1 49.99 4.44 13347.92 35.10 1.42 66.94 1153.18 31.10 6.88 22215.77  
  Q2 49.86 4.33 13309.47 - 1.39 64.47 1129.95 30.27 6.86 22370.03  
   
  (Growth rates in percent) 2013 0.5 2.0 11.4 -1.1 0.1 9.5 -2.8 0.5 -2.6 0.3  
  2014 4.6 3.9 13.5 5.7 1.3 4.3 -3.8 2.0 0.2 1.2  
  2015 2.5 19.3 12.8 5.4 8.5 5.1 7.4 5.1 1.9 2.5  
  Q1 -1.0 9.7 8.0 0.0 6.9 0.7 2.9 4.1 1.7 2.0  
  Q2 1.2 13.1 13.0 2.5 7.2 6.0 6.7 2.7 -0.4 2.5  
  Q3 5.2 27.1 17.8 9.8 11.2 7.1 14.0 7.1 2.3 2.5  
  Q4 4.6 27.4 12.5 9.6 8.7 6.4 6.4 6.3 4.0 3.0  
   
  2016 4.4 6.1 -0.6 3.1 0.5 4.8 2.6 1.4 5.8 1.2  
  Q1 6.5 16.2 5.7 9.3 3.6 8.5 9.3 5.6 5.5 2.0  
  Q2 4.1 9.5 1.4 6.1 1.2 5.5 6.0 4.7 5.3 1.3  
  Q3 2.2 -0.2 -5.2 -1.1 -2.8 3.1 -4.3 -1.5 5.7 0.5  
  Q4 4.8 0.8 -3.8 -1.2 0.2 2.3 0.1 -3.2 6.9 0.8  
   
  2017 Q1 5.7 5.6 -1.4 -1.6 0.8 -0.8 -4.1 -6.7 5.2 1.5  
  Q2 7.2 8.1 -0.1 - 2.4 -3.6 -2.9 -6.7 5.0 2.3  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES                                              
  2013 - 2017                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   Korea   Taiwan   China   Vietnam  
   
    III.  Money & Credit 6  
          (end of period)  
          A.  Narrow Money   2013 27.3 13.1 5.4 4.0 9.9 9.8 9.7 8.5 9.3 17.8  
  (Growth rates in percent) 2014 13.3 5.7 6.2 1.1 3.6 10.0 13.6 6.2 3.2 21.2  
  2015 Q1 12.7 10.2 12.2 1.6 2.3 11.3 16.4 5.7 2.9 22.1  
  Q2 12.9 9.5 9.9 2.2 2.4 9.2 20.0 6.1 4.3 17.9  
  Q3 15.0 8.3 12.0 3.5 1.3 11.1 23.4 6.9 11.4 21.4  
  Q4 15.2 4.1 12.0 5.8 0.1 12.3 20.9 6.9 15.2 18.0  
   
  2016 Q1 17.3 -1.7 11.2 5.1 -1.8 13.5 19.6 6.1 22.1 19.1  
  Q2 17.4 0.9 13.9 7.6 1.6 13.7 14.7 5.9 24.6 21.4  
  Q3 16.5 0.1 5.9 6.4 5.1 21.0 10.2 - 24.7 20.0  
  Q4 15.1 5.7 17.3 4.9 7.7 -18.7 12.3 - 21.4 19.2 e
   
  2017 Q1 14.8 9.2 14.2 7.1 8.9 3.5 9.8 - 18.8 -  
  Q2 14.6 r, c 9.8 c 14.0 c - 8.2 c -2.5 10.7 d - 17.0 c -  
   
         B.  Broad Money   2013 31.8 7.5 12.8 7.3 4.3 14.9 4.6 5.8 13.6 21.4  
      (Growth rates in percent) 2014 11.2 6.8 12.0 4.7 3.4 10.7 8.1 6.1 11.0 19.7  
  2015 Q1 8.8 7.7 16.0 6.2 4.2 10.9 8.5 6.4 9.9 18.4  
  Q2 9.2 5.8 12.8 6.1 3.7 10.6 9.6 6.3 10.2 17.2  
  Q3 8.8 5.2 12.4 5.4 3.3 10.7 9.0 6.8 13.1 16.8  
  Q4 9.4 2.6 8.9 4.4 1.7 10.7 8.2 5.8 13.3 14.9  
   
  2016 Q1 11.7 0.9 7.4 3.7 2.2 10.1 7.9 4.7 13.4 17.3  
  Q2 12.5 1.9 8.7 4.3 4.2 10.3 6.7 4.7 11.8 19.1  
  Q3 12.9 2.2 5.1 3.9 5.0 13.6 7.2 4.0 11.5 19.8  
  Q4 12.8 3.0 10.1 4.2 7.7 6.6 7.1 3.6 11.3 19.8 e
   
  2017 Q1 11.6 4.6 10.0 3.2 7.2 10.6 6.2 3.6 10.6 -  
  Q2 11.3 r, c 4.7 c 11.1 c - 6.9 c 7.4 6.6 d 3.8 c 9.6 c -  
   
         C.  Domestic Credits   2013 10.6 10.9 18.8 7.9 11.6 14.4 3.6 - 15.1 13.9  
      (Growth rates in percent) 2014 17.8 10.9 11.3 5.6 7.4 8.0 7.7 - 16.2 15.5  
  2015 Q1 10.5 10.2 14.3 6.0 7.8 6.3 8.1 - 16.9 17.2  
  Q2 9.9 7.9 12.9 5.2 6.4 7.8 8.9 - 18.0 19.6  
  Q3 11.8 9.0 14.0 5.8 1.5 8.7 9.4 - 21.6 20.7  
  Q4 11.5 7.2 9.8 4.7 2.1 9.6 7.6 - 23.7 20.1  
   
  2016 Q1 15.4 6.2 9.5 4.0 3.0 10.1 7.8 - 25.4 19.6  
  Q2 17.1 6.7 8.7 4.9 2.2 10.7 6.6 - 24.7 19.8  
  Q3 16.5 5.8 9.7 4.2 3.2 14.0 6.4 - 23.0 17.1  
  Q4 17.0 6.5 6.7 3.6 4.6 9.4 6.7 - 20.1 19.1 e
   
  2017 Q1 16.4 9.8 6.9 3.1 6.7 11.9 5.4 - 15.8 -  
  Q2 14.3 r, c 31.9 c 6.5 c - 7.2 c 8.7 c 5.8 d - 14.1 c -  
   
                 As percent of GDP 2013 51.9 136.6 41.2 123.0 153.9 87.7 171.8 - 155.7 108.2  
  2014 55.8 139.5 41.4 127.1 160.3 84.7 178.0 - 167.2 113.8  
  2015 Q1 54.7 140.2 40.8 127.8 158.5 84.6 179.3 - 173.7 115.4  
  Q2 54.8 139.0 41.3 126.7 158.8 84.9 182.2 - 180.0 118.6  
  Q3 56.3 141.6 39.9 126.2 155.9 84.1 182.7 - 185.4 121.3  
  Q4 59.0 143.0 41.7 128.4 156.6 85.1 182.7 - 193.4 128.3  
   
  2016 Q1 59.6 142.2 41.1 128.0 158.3 84.7 184.4 - 203.7 130.1  
  Q2 60.1 142.1 41.6 127.3 159.2 85.6 185.2 - 210.2 133.9  
  Q3 60.8 141.9 40.7 125.7 160.0 86.9 185.2 - 212.8 133.5  
  Q4 63.5 143.2 42.2 126.6 162.9 84.1 185.8 - 215.0 -  
   
  2017 Q1 63.6 144.6 40.6 124.8 166.1 85.4 184.9 - 216.3 -  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES                                              
  2013 - 2017                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   Korea   Taiwan   China   Vietnam  
   
        E.  Interest Rates  
             1. Time Deposit Rates 2013 1.4 3.0 6.3 2.9 0.1 - 2.9 0.9 3.0 7.1  
  2014 1.1 3.0 8.8 2.0 0.1 - 2.5 0.9 3.0 5.8  
  2015 1.5 3.1 8.3 1.4 0.2 - 1.8 0.9 2.1 4.7  
  Q1 1.4 3.1 8.9 1.6 0.2 - 2.1 0.9 2.7 4.8  
  Q2 1.5 3.1 8.5 1.4 0.2 - 1.8 0.9 2.3 4.7  
  Q3 1.5 3.1 8.0 1.4 0.2 - 1.6 0.9 1.8 4.7  
  Q4 1.6 3.1 8.0 1.4 0.2 - 1.7 0.8 1.5 4.7  
   
  2016 1.5 3.0 7.2 1.4 0.2 - 1.6 0.6 1.5 5.0  
  Q1 1.6 3.1 7.9 1.4 0.2 - 1.7 0.7 1.5 5.0  
  Q2 1.5 3.1 7.2 1.4 0.2 - 1.6 0.7 1.5 5.3  
  Q3 1.4 2.9 6.9 1.4 0.2 - 1.4 0.6 1.5 5.3  
  Q4 1.6 2.9 6.7 1.4 0.2 - 1.6 0.6 1.5 4.8  
   
  2017 Q1 1.7 2.9 6.7 1.4 0.1 - 1.6 0.6 1.5 -  
  Q2 1.7 2.9 b 6.6 b - 0.1 a - - 0.6 1.5 a -  
   
          2.  Lending Rates 2013 5.8 4.6 11.7 7.0 5.4 10.3 4.7 2.9 6.0 10.4  
               (All Maturities) 2014 5.5 4.6 12.6 6.8 5.4 10.3 4.3 2.9 5.9 8.7  
  2015 5.6 4.6 12.7 6.6 5.4 10.0 3.5 2.9 4.9 7.1  
  Q1 5.4 4.7 12.8 6.7 5.4 10.3 3.8 2.9 5.5 7.2  
  Q2 5.5 4.6 12.7 6.5 5.4 10.1 3.5 2.9 5.1 7.2  
  Q3 5.6 4.5 12.6 6.5 5.4 10.0 3.4 2.9 4.7 7.1  
  Q4 5.7 4.5 12.5 6.5 5.4 9.7 3.4 2.8 4.4 7.0  
   
  2016 5.6 4.5 11.9 6.3 5.4 9.7 3.4 - 4.4 7.0  
  Q1 5.6 4.6 12.4 6.5 5.4 9.7 3.5 2.8 4.4 7.0  
  Q2 5.6 4.6 12.0 6.3 5.4 9.7 3.4 2.7 4.4 7.0  
  Q3 5.7 4.5 11.7 6.3 5.4 9.7 3.2 2.7 4.4 7.0  
  Q4 5.6 4.5 11.5 6.3 5.4 9.7 3.3 - 4.4 7.0  
   
  2017 Q1 5.5 4.6 11.3 6.3 5.3 - 3.5 - 4.4 -  
  Q2 5.5 4.6 b 11.2 b - 5.3 a - - - 4.4 a -  
   
   
         3.  T-Bill Rates  7 2013 0.32 3.00 - 2.88 0.25 8.81 - - - 6.64  
  2014 1.24 3.23 - 2.07 0.35 8.65 - - - -  
  2015 1.77 3.11 - 1.61 0.94 7.65 - - - -  
  Q1 1.46 3.21 - 1.94 0.83 8.30 - - - -  
  Q2 1.94 2.95 - 1.57 0.91 7.82 - - - -  
  Q3 1.86 3.17 - 1.46 1.03 7.32 - - - -  
  Q4 1.66 n.i. - 1.48 1.01 7.16 - - - -  
   
  2016 1.50 2.76 - 1.41 0.77 6.74 - - - -  
  Q1 1.56 2.39 - 1.40 0.83 7.27 - - - -  
  Q2 1.60 2.91 - 1.38 0.68 6.80 - - - -  
  Q3 1.42 2.61 - 1.39 0.67 6.71 - - - -  
  Q4 1.44 3.12 - 1.47 0.90 6.19 - - - -  
   
  2017 Q1 2.08 - - 1.45 0.86 6.08 - - - -  
  Q2 2.21 - - - 0.95 a 6.52 a - - - -  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES                                              
  2013 - 2017                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   Korea   Taiwan   China   Vietnam  
    lV.  Fiscal Position (P mn) (Rm mn) (Rp bn) (B mn) (S$ mn) (R bn) (Won bn) (NT$ mn) (Yuan bn) (Dong bn)  
          A.  Revenue 2013 1,716,093 298,665 1,429,453 2,663,226 57,054 9,805 314,438 2,457,632 12,914 790,800  
  2014 1,908,527 218,161 1,537,180 2,641,092 59,995 11,119 320,895 2,508,815 14,035 863,520  
  2015 2,108,956 219,089 1,508,020 2,813,946 63,525 12,647 339,186 2,662,328 15,222 996,870  
  Q1 470,530 51,548 283,750 605,343 14,303 4,389 81,121 - 3,641 226,000  
  Q2 615,205 55,251 383,969 820,203 16,857 1,443 88,009 - 4,319 220,120  
  Q3 519,242 56,253 322,045 735,524 17,888 3,877 86,519 - 3,481 236,880  
  Q4 503,979 56,037 518,256 652,876 14,477 2,938 83,537 - 3,780 313,870  
   
  2016 2,195,914 212,421 1,554,378 2,914,827 67,969 13,836 371,264 - 15,955 1,101,377  
  Q1 478,978 48,793 247,642 602,737 15,601 4,151 96,106 - 3,890 230,510  
  Q2 621,977 47,498 387,035 863,434 18,153 1,855 95,113 - 4,662 246,335  
  Q3 545,779 56,295 446,513 763,325 18,843 3,942 95,150 - 3,589 241,475  
  Q4 549,180 59,835 473,188 685,331 15,372 3,888 84,895 - 3,815 383,057  
   
  2017 Q1 532,389 46,645 294,750 625,770 16,578 4,713 106,216 - 4,437 280,910  
  Q2 464,127 a 35,335 a 163,090 b - - 857 a 48,047 b - 3,286 a -  
   
          (As percent of GDP) 2013 14.9 29.3 15.0 20.6 15.1 9.0 22.0 16.1 21.7 22.1  
  2014 15.1 19.7 14.5 20.0 15.4 9.1 21.6 15.6 21.8 21.9  
  2015 15.8 18.9 13.1 20.6 15.6 9.5 21.8 15.9 22.1 23.8  
  Q1 15.5 18.6 10.4 17.7 14.2 13.2 22.0 - 24.1 27.9  
  Q2 18.5 19.5 13.4 24.6 16.7 4.5 22.7 - 25.6 22.7  
  Q3 16.3 19.2 10.8 21.7 17.6 11.7 21.8 - 19.7 22.1  
  Q4 13.4 18.4 17.6 18.5 13.8 8.5 20.6 - 19.6 23.4  
   
  2016 15.2 17.3 12.5 20.3 16.6 9.4 22.8 - 21.4 24.5  
  Q1 14.6 16.8 8.4 16.9 15.5 11.3 25.0 - 24.1 27.1  
  Q2 17.2 15.9 12.6 24.5 18.0 5.2 23.4 - 25.8 23.9  
  Q3 15.7 18.1 13.9 21.4 18.7 10.6 22.9 - 18.8 20.9  
  Q4 13.4 18.2 14.8 18.5 14.3 10.2 20.0 - 18.1 26.1  
   
  2017 Q1 14.9 14.4 9.1 16.5 15.7 11.4 26.1 - 24.6 30.2  
   
          B.  Expenditure 2013 1,880,155 349,173 1,638,952 2,758,833 40,390 15,821 300,238 2,665,241 13,974 930,730  
  2014 1,981,619 256,689 1,764,583 2,699,741 41,757 16,361 312,394 2,645,712 15,166 800,532  
  2015 2,230,645 256,533 1,806,443 2,672,583 45,359 17,224 339,351 2,645,189 17,577 875,208  
  Q1 504,047 63,303 367,443 670,265 13,960 4,084 97,328 - 3,282 202,943  
  Q2 567,942 59,084 384,516 640,195 7,988 4,310 95,697 - 4,447 222,054  
  Q3 558,540 60,975 496,988 669,401 11,123 4,796 81,112 - 4,337 217,462  
  Q4 600,116 73,171 557,497 692,722 12,289 4,035 65,214 - 5,511 232,749  
   
  2016 2,549,336 251,089 1,860,759 3,117,911 51,081 19,290 354,354 - 18,784 937,951  
  Q1 591,466 66,528 390,908 743,948 16,691 4,593 110,233 - 3,796 216,469  
  Q2 629,805 62,517 474,447 714,216 9,823 5,118 89,049 - 5,121 233,822  
  Q3 639,166 58,093 440,495 683,315 11,510 5,159 78,901 - 4,679 228,186  
  Q4 688,899 63,951 554,909 976,432 13,057 4,420 76,171 - 5,188 259,474  
   
  2017 Q1 615,362 66,863 400,037 702,151 17,736 5,051 110,134 - 4,592 240,800  
  Q2 444,751 a 45,604 a 138,071 b - - 4,590 a 35,058 b - 3,055 a -  
   
          (As percent of GDP) 2013 16.3 34.3 17.2 21.4 10.7 14.4 21.0 17.5 23.5 26.0  
  2014 15.7 23.2 16.7 20.4 10.7 13.4 21.0 16.4 23.6 20.3  
  2015 16.7 22.2 15.7 19.5 11.1 13.0 21.8 15.8 25.5 20.9  
  Q1 16.6 22.8 13.5 19.6 13.8 12.3 26.4 - 21.7 25.1  
  Q2 17.1 20.9 13.4 19.2 7.9 13.4 24.7 - 26.4 22.9  
  Q3 17.5 20.8 16.6 19.7 10.9 14.4 20.5 - 24.5 20.3  
  Q4 15.9 24.1 18.9 19.7 11.8 11.7 16.1 - 28.6 17.4  
   
  2016 17.6 20.4 15.0 21.7 12.5 13.1 21.7 - 25.2 20.8  
  Q1 18.1 22.9 13.3 20.9 16.5 12.4 28.7 - 23.5 25.5  
  Q2 17.4 20.9 15.4 20.3 9.7 14.4 21.9 - 28.3 22.7  
  Q3 18.3 18.6 13.7 19.1 11.4 13.9 19.0 - 24.6 19.7  
  Q4 16.8 19.5 17.4 26.3 12.2 11.6 17.9 - 24.6 17.7  
   
  2017 Q1 17.2 20.6 12.4 18.5 16.8 12.2 27.1 - 25.4 25.8  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES                                              
  2013 - 2017                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   Korea   Taiwan   China   Vietnam  
   
         C. Overall Surplus/Deficit 2013 -164,062 -50,508 -237,701 -95,607 16,664 -6,016 14,200 -207,609 -1,060 -139,930  
  2014 -73,092 -38,528 -227,403 -58,648 18,237 -5,241 8,501 -136,897 -1,131 62,988  
  2015 -121,689 -37,444 -298,423 141,363 18,203 -4,577 -165 17,139 -2,355 121,662  
  Q1 -33,517 -11,755 -83,692 -64,922 381 305 -16,207 - 359 23,057  
  Q2 47,263 -3,833 -547 180,009 8,869 -2,867 -23,895 - -128 -1,934  
  Q3 -39,298 -4,722 -174,944 66,123 6,765 -919 -18,488 - -856 19,418  
  Q4 -96,137 -17,134 -39,241 -39,847 2,188 -1,096 -165 - -1,730 81,121  
   
  2016 -353,422 -38,668 -306,381 -203,084 16,888 -5,454 16,910 - -2,829 163,426  
  Q1 -112,488 -17,735 -143,266 -141,210 -1,090 -442 -14,127 - 94 14,041  
  Q2 -7,828 -15,019 -87,411 149,217 8,330 -3,263 -12,516 - -459 12,513  
  Q3 -93,387 -1,798 6,017 80,010 7,333 -1,217 8,186 - -1,091 13,289  
  Q4 -139,719 -4,116 -81,721 -291,101 2,315 -533 16,910 - -1,373 123,583  
   
  2017 Q1 -82,973 -20,218 -105,287 -76,382 -1,158 -338 -3,918 - -155 40,110  
  Q2 19,376 a -10,269 a 25,019 b - - -3,734 a 9,071 b - 231 a -  
   
                   As percent of GDP 2013 -1.4 -5.0 -2.5 -0.7 4.4 -5.5 1.0 -1.4 -1.8 -3.9  
  2014 -0.6 -3.5 -2.2 -0.4 4.7 -4.3 0.6 -0.8 -1.8 1.6  
  2015 -0.9 -3.2 -2.6 1.0 4.5 -3.5 0.0 0.1 -3.4 2.9  
  Q1 -1.1 -4.2 -3.1 -1.9 0.4 0.9 -1.1 - 2.4 2.9  
  Q2 1.4 -1.4 0.0 5.4 8.8 -9.0 -1.6 - -0.8 -0.2  
  Q3 -1.2 -1.6 -5.8 1.9 6.7 -2.8 -1.2 - -4.8 1.8  
  Q4 -2.6 -5.6 -1.3 -1.1 2.1 -3.2 0.0 - -9.0 6.0  
   
  2016 -2.4 -3.1 -2.5 -1.4 4.1 -3.7 1.0 - -3.8 3.6  
  Q1 -3.4 -6.1 -4.9 -4.0 -1.1 -1.2 -0.9 - 0.6 1.7  
  Q2 -0.2 -5.0 -2.8 4.2 8.2 -9.3 -0.8 - -2.5 1.2  
  Q3 -2.7 -0.6 0.2 2.2 7.3 -3.3 0.5 - -5.7 1.1  
  Q4 -3.4 -1.3 -2.6 -7.8 2.2 -1.4 1.0 - -6.5 8.4  
   
  2017 Q1 -2.3 -6.2 -3.3 -2.0 -1.1 -0.8 -0.2 - -0.9 4.3  
   
                                                 
  a April-May c End-May e End-October    
  b April d End-April  
   
1 Per International Merchandise Trade Statistics  
2 Net FDI flows refer to non-resident placements less non-resident withdrawals of equity, reinvestment of earnings and other capital.  
3 Net FPI flows refer to non-resident placements less non-resident withdrawals of equity securities and debt securities.  
4 Philippine data were revised to reflect new treatment of Hybrid Tier 1 accounts beginning March 2006.  
5 Import cover refers to number of months of average imports of goods  
6 For the Philippines, data from 2003 up to present are the Standard Report Forms (SRFs)-based Depository Corporations Survey (DCS), a unified framework for reporting monetary and financial statistics to the International Monetary Fund (IMF). The DCS is a consolidation of the balance sheets of the deposit-generating banks namely the Monetary Authorities (MA) of the BSP and Other Depository Corporations (ODCs), consisting of universal and commercial banks (UBs/KBs), thrift banks (TBs), rural banks (RBs), non stock savings and loan associations (NSSLAs) and non-banks with quasi-banks functions (NBQs).
7 Treasury-Bill Rates (91 Days) for Philippines  
- not available  
p Preliminary  
r Revised  
   
  Sources of data:   
For Philippines: Other countries:  
Bangko Sentral ng Pilipinas National websites  
Bureau of the Treasury Bloomberg    
Philippine Statistics Authority CEIC Data Limited                       
    International Financial Statistics