48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES                                              
  2014 - 2019                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   Korea   Taiwan   China   Vietnam  
                                                 
     I.  Real Sector  
         A.  Real GDP Growth Rate  2014 6.1 6.0 5.0 1.0 3.9 7.0 3.3 4.0 7.3 6.0  
                    (in percent) 2015 6.1 5.1 4.9 3.0 2.2 7.6 2.8 0.8 6.9 6.7  
  2016 6.9 4.2 5.0 3.3 2.4 7.9 2.9 1.5 6.7 6.2  
  2017 6.7 5.9 5.1 3.9 3.6 6.2 3.1 3.1 6.8 6.8  
  Q1 6.5 5.6 5.0 3.4 2.5 6.1 2.9 2.9 6.8 5.2  
  Q2 6.6 5.8 5.0 3.9 2.8 5.6 2.8 2.5 6.8 6.3  
  Q3 7.2 6.2 5.1 4.3 5.5 6.3 3.8 3.4 6.7 7.5  
  Q4 6.5 5.9 5.2 4.0 3.6 7.0 2.8 3.5 6.7 7.7  
   
  2018 6.2 - 5.2 - - - - 2.6 6.6 7.1  
  Q1 6.6 5.4 5.1 4.9 4.6 7.7 2.8 3.2 6.8 7.5  
  Q2 6.2 4.5 5.3 4.6 4.1 8.2 2.1 3.3 6.7 6.7  
  Q3 6.0 r 0.5 5.2 3.3 2.2 7.1 1.9 2.3 6.5 6.8  
  Q4 6.1 - 5.2 - - - - 1.8 6.4 7.3  
   
        B.  Nominal GDP Growth Rate  2014 9.5 8.6 10.7 2.4 3.6 11.9 4.0 5.8 8.1 9.9  
                    (in percent) 2015 5.4 4.7 9.1 3.9 5.9 9.8 5.3 4.1 7.0 6.5  
  2016 8.7 6.3 7.6 5.7 2.4 11.0 5.0 2.4 7.9 7.4  
  2017 9.2 9.9 9.5 6.3 4.5 9.9 5.4 1.9 10.9 11.2  
  Q1 9.3 11.6 10.2 6.6 5.6 10.7 4.5 1.1 11.5 9.6  
  Q2 9.2 10.3 9.5 5.7 3.8 8.3 5.0 0.8 10.7 9.5  
  Q3 9.6 9.9 9.3 6.5 4.7 9.5 7.5 3.2 10.8 9.9  
  Q4 8.6 8.2 9.2 6.5 4.1 11.0 4.6 2.4 10.7 14.5  
   
  2018 10.2 - 9.2 - - - - 1.6 9.7 10.6  
  Q1 9.6 5.7 8.8 5.9 4.2 10.9 3.5 1.6 10.3 10.3  
  Q2 9.9 5.8 9.5 6.6 5.5 13.8 3.5 3.6 10.1 10.2  
  Q3 10.6 5.9 9.7 5.5 4.5 12.0 2.1 0.4 9.4 11.2  
  Q4 10.7 - 8.8 - - - - 0.7 9.1 10.4  
   
        C.  Inflation Rates 1 2014 3.6 3.1 6.4 1.9 1.0 6.7 1.3 1.2 2.0 4.1  
               (in percent) 2015 0.7 2.1 6.4 -0.9 -0.5 4.9 0.7 -0.3 1.4 0.6  
  2016 1.3 2.1 3.5 0.2 -0.5 5.0 1.0 1.4 2.0 2.7  
  2017 2.9 3.8 3.8 0.7 0.5 3.3 1.9 0.6 1.6 3.5  
  2018 5.2 1.0 3.2 0.7 0.4 4.0 1.5 1.4 2.1 3.5  
  Q1 3.8 1.8 3.3 0.6 0.2 4.6 1.3 1.6 2.2 2.8  
  Q2 4.8 1.3 3.3 1.3 0.2 4.8 1.5 1.7 1.8 3.8  
  Q3 6.2 0.5 3.1 1.5 0.7 3.9 1.6 1.7 2.3 4.1  
  Q4 6.0 0.3 3.2 0.8 0.5 2.6 1.7 0.5 2.2 3.4  
   
  2019 Q1 4.4 a - 2.8 a 0.3 a - - 0.8 a - - 2.6 a
   
        D.  Unemployment rate 2014 6.6 2.3 5.8 0.8 2.0 - 3.6 4.0 4.1 2.1  
                   (in percent) 2015 6.3 3.1 5.8 0.9 1.9 - 3.6 3.8 4.1 2.3  
  2016 5.5 3.5 5.6 1.0 2.1 - 3.7 3.9 4.0 2.3  
  2017 5.7 3.4 - 1.2 2.2 - 3.7 3.8 3.9 2.2  
  Q1 6.6 3.5 - 1.2 2.3 - 3.8 3.8 4.0 2.3  
  Q2 5.7 3.4 - 1.2 2.2 - 3.8 3.7 4.0 2.3  
  Q3 5.6 3.4 - 1.2 2.1 - 3.7 3.8 4.0 2.2  
  Q4 5.0 3.3 - 1.1 2.1 - 3.7 3.7 3.9 2.2  
   
  2018 5.3 - - 1.1 2.1 - 3.9 3.7 - 2.2  
  Q1 5.3 3.3 - 1.3 2.0 - 3.7 3.7 3.9 2.2  
  Q2 5.5 3.3 - 1.1 2.1 - 3.8 3.7 3.8 2.2  
  Q3 5.4 3.4 - 1.0 2.1 - 4.0 3.8 3.8 2.2  
  Q4 5.1 - - 1.0 2.1 - 3.8 3.7 - 2.2  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES                                              
  2014 - 2019                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   Korea   Taiwan   China   Vietnam  
   
    II.  External Transactions 2  
        A.  Trade  (in million US dollars) 2014 62,102 234,085 176,294 227,462 415,378 322,480 572,665 320,092 2,343,220 150,217  
              1.  Exports 2015 58,827 199,872 150,393 214,310 357,906 267,792 526,757 285,344 2,282,461 162,017  
  2016 57,406 189,414 144,490 215,388 338,084 264,424 495,426 280,321 2,136,595 176,581  
  2017 68,713 217,839 168,828 236,635 373,241 299,153 573,694 317,249 2,280,358 215,119  
  Q1 16,756 50,517 40,732 56,427 88,850 76,385 132,061 72,080 483,432 44,888  
  Q2 17,279 52,261 39,265 56,965 91,019 71,539 147,043 75,613 567,593 53,326  
  Q3 17,798 56,131 43,379 62,065 94,270 74,215 151,051 83,711 591,175 56,810  
  Q4 16,880 58,929 45,452 61,178 99,102 77,014 143,539 85,845 638,158 60,094  
   
  2018 67,488 p 247,346 180,059 252,486 411,760 325,516 605,169 336,023 2,501,335 243,154  
  Q1 15,841 p 60,547 44,273 63,022 97,564 80,605 145,059 79,733 546,229 55,902  
  Q2 17,053 p 62,044 43,721 63,170 103,874 81,654 151,622 84,092 629,502 58,412  
  Q3 18,066 p 61,309 47,088 63,918 105,721 81,614 153,647 86,263 659,626 64,926  
  Q4 16,529 p 63,446 44,977 62,376 104,601 81,371 154,842 85,935 665,978 63,913  
   
  (Growth rates in percent) 2014 9.5 2.5 -3.4 -0.5 -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  
  2016 -2.4 -5.2 -3.9 0.5 -5.5 -1.3 -5.9 -1.8 -6.4 9.0  
  2017 19.7 15.0 16.8 9.9 10.4 13.1 15.8 13.2 6.7 21.8  
  Q1 25.5 14.5 21.2 4.8 15.9 17.6 14.6 15.0 4.2 15.7  
  Q2 23.5 11.7 9.2 10.7 5.7 8.5 16.7 10.2 6.3 22.7  
  Q3 17.2 16.4 24.5 12.3 9.5 12.3 24.0 17.4 6.0 22.7  
  Q4 13.4 17.2 13.4 11.6 11.1 14.1 8.4 10.4 9.9 25.1  
   
  2018 -1.8 p 13.5 6.7 6.7 10.3 8.8 5.5 5.9 9.7 13.0  
  Q1 -5.5 p 19.9 8.7 11.7 9.8 5.5 9.8 10.6 13.0 24.5  
  Q2 -1.3 p 18.7 11.3 10.9 14.1 14.1 3.1 11.2 10.9 9.5  
  Q3 1.5 p 9.2 8.5 3.0 12.1 10.0 1.7 3.0 11.6 14.3  
  Q4 -2.1 p 7.7 -1.0 2.0 5.5 5.7 7.9 0.1 4.4 6.4  
   
             2.  Imports 2014 65,398 208,681 178,178 227,749 377,915 462,920 525,515 281,850 1,963,105 147,849  
  2015 71,067 175,903 142,695 202,653 308,098 393,831 436,499 237,219 1,680,808 165,570  
  2016 84,108 168,392 135,692 194,198 291,910 361,497 406,193 230,568 1,589,460 174,804  
  2017 96,093 195,149 156,986 221,519 327,693 449,795 478,478 259,266 1,842,345 213,007  
  Q1 22,859 46,274 36,616 52,088 77,502 106,456 116,428 61,245 417,320 46,998  
  Q2 22,925 46,705 35,715 53,751 79,099 114,168 117,798 63,535 446,014 54,086  
  Q3 23,592 49,877 40,187 56,378 81,804 108,248 120,853 65,920 473,925 54,058  
  Q4 26,717 52,294 44,467 59,302 89,288 120,922 123,399 68,566 505,086 57,865  
   
  2018 108,928 p 217,505 188,626 249,232 370,504 509,311 535,172 286,613 2,133,146 236,321  
  Q1 24,426 p 52,036 43,959 60,712 85,573 121,374 132,385 67,968 497,111 53,216  
  Q2 27,411 p 55,145 45,093 61,215 91,697 128,281 133,140 70,306 534,728 57,552  
  Q3 28,828 p 55,179 49,725 64,535 95,203 131,035 130,323 75,122 571,997 61,751  
  Q4 28,263 p 55,145 49,849 62,769 98,035 128,299 139,324 73,217 529,309 63,802  
   
  (Growth rates in percent) 2014 4.8 1.3 -4.5 -9.1 -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  
  2016 18.3 -4.3 -4.9 -4.2 -5.3 -8.2 -6.9 -2.8 -5.4 5.6  
  2017 14.2 15.9 15.7 14.1 12.3 24.4 17.8 12.4 15.9 21.9  
  Q1 19.3 20.6 13.7 14.1 14.5 27.3 24.1 21.5 23.3 25.4  
  Q2 8.3 10.4 5.6 14.3 8.3 34.5 18.6 11.9 14.2 24.4  
  Q3 8.7 13.9 22.9 13.8 12.7 19.7 17.9 11.3 14.6 21.3  
  Q4 21.1 19.1 20.3 14.1 13.6 17.9 11.6 6.9 13.0 17.4  
   
  2018 13.4 p 11.5 20.2 12.5 13.1 13.2 11.8 10.5 15.8 10.9  
  Q1 6.9 p 12.5 20.1 16.6 10.4 14.0 13.7 11.0 19.1 13.2  
  Q2 19.6 p 18.1 26.3 13.9 15.9 12.4 13.0 10.7 19.9 6.4  
  Q3 22.2 p 10.6 23.7 14.5 16.4 21.1 7.8 14.0 20.7 14.2  
  Q4 5.8 p 5.5 12.1 5.8 9.8 6.1 12.9 6.8 4.8 10.3  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES                                              
  2014 - 2019                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   Korea   Taiwan   China   Vietnam  
   
           3. Trade Balance 2014 -3,296 25,274 -1,884 -287 37,463 -140,440 47,150 38,242 96,243 2,368  
  2015 -12,240 6,100 7,699 11,657 49,808 -126,039 90,258 48,124 601,653 -3,554  
  2016 -26,702 21,022 8,797 21,190 46,174 -97,072 89,233 50,492 547,135 -210  
  2017 -27,380 22,689 11,843 15,116 45,548 -150,643 95,216 57,983 438,013 -1,555  
  Q1 -6,103 4,243 4,116 4,338 11,349 -30,072 15,633 10,835 66,112 -2,110  
  Q2 -5,647 5,557 3,550 3,214 11,921 -42,630 29,245 12,078 121,579 -760  
  Q3 -5,794 6,254 3,192 5,687 12,466 -34,033 30,198 17,790 117,250 2,752  
  Q4 -9,837 6,636 985 1,876 9,813 -43,908 20,139 17,279 133,072 2,229  
   
  2018 -41,440 p 29,841 -8,566 3,254 41,256 -183,796 69,997 49,410 174,274 6,833  
  Q1 -8,586 p 8,511 314 2,309 11,991 -40,768 12,673 11,765 49,118 2,686  
  Q2 -10,358 p 6,898 -1,372 1,955 12,176 -46,627 18,482 13,785 94,774 860  
  Q3 -10,762 p 6,130 -2,637 -617 10,517 -49,421 23,324 11,141 87,629 3,175  
  Q4 -11,734 p 8,301 -4,871 -392 6,567 -46,928 15,517 12,718 136,669 112  
   
                As percent of GDP 2014 -1.2 7.5 -0.2 -0.1 12.0 -7.0 3.3 7.2 0.9 1.3  
  2015 -4.2 2.1 0.9 2.9 16.4 -6.0 6.5 9.2 5.5 -1.8  
  2016 -8.8 7.1 0.9 5.1 14.9 -4.4 6.3 9.4 4.9 -0.1  
  2017 -8.7 7.2 1.2 3.3 14.1 -6.0 6.2 10.1 3.6 -0.7  
  Q1 -8.5 5.8 1.7 4.0 14.7 -4.9 4.4 7.8 2.5 -5.0  
  Q2 -7.1 7.3 1.4 2.9 15.3 -7.1 7.7 8.8 4.2 -1.5  
  Q3 -7.7 7.8 1.2 4.9 15.3 -5.4 7.7 12.2 3.7 4.9  
  Q4 -11.2 7.8 0.4 1.5 11.3 -6.6 5.0 11.4 3.8 3.0  
   
  2018 -12.5 p - -0.8 - - - - 8.4 1.3 2.8  
  Q1 -11.3 p 9.7 0.1 1.8 13.8 -5.8 3.2 7.9 1.6 5.9  
  Q2 -12.5 p 7.8 -0.5 1.6 14.2 -7.0 4.5 9.5 2.7 1.6  
  Q3 -13.6 p 6.9 -1.0 -0.5 12.4 -7.6 5.7 7.7 2.6 5.1  
  Q4 -12.6 p - -1.9 - - - - 8.6 3.7 0.1  
   
      B.  Current Account   
            1.   Current Account Balance   2014 10,756 14,846 -27,510 15,224 58,193 -27,314 84,373 60,963 236,047 9,360  
      (in million US dollars) 2015 7,266 9,068 -17,519 32,111 56,445 -22,457 105,940 74,883 304,164 906  
  2016 -1,199 7,133 -16,952 48,208 59,036 -12,114 99,243 72,781 202,203 8,235  
  2017 -2,163 9,450 -17,307 50,211 61,010 -38,168 78,460 82,860 164,887 6,419  
  Q1 -289 1,076 -2,215 15,222 14,849 -2,554 19,203 18,176 15,710 -1,169  
  Q2 157 2,025 -4,608 7,763 14,640 -14,966 16,452 17,337 52,563 270  
  Q3 1,100 3,004 -4,594 14,868 18,414 -6,944 25,570 21,708 34,331 4,300  
  Q4 -3,130 3,345 -5,891 12,359 13,107 -13,704 17,235 25,639 62,283 3,018  
   
  2018 Q1 -323 p 3,816 -5,600 15,076 16,185 -13,047 11,825 19,664 -34,100 3,934  
  Q2 -3,241 p 990 -7,977 6,540 17,158 -15,921 17,826 16,360 5,329 4,300  
  Q3 -2,907 p 924 -8,846 4,192 17,107 -19,091 28,029 14,040 23,263 1,244  
   
                         As percent of GDP 2014 3.8 4.4 -3.1 3.7 18.7 -1.4 6.0 11.5 2.3 5.0  
  2015 2.5 3.0 -2.0 8.0 18.6 -1.1 7.7 14.2 2.8 0.5  
  2016 -0.4 2.4 -1.8 11.7 19.1 -0.5 7.0 13.7 1.8 4.0  
  2017 -0.7 3.0 -1.7 11.0 18.8 -1.5 5.1 14.4 1.3 3  
  Q1 -0.4 1.5 -0.9 13.9 19.2 -0.4 5.5 13.1 0.6 -2.8  
  Q2 0.2 2.7 -1.8 7.1 18.7 -2.5 4.3 12.5 1.8 0.5  
  Q3 1.5 3.7 -1.7 12.9 22.5 -1.1 6.5 14.8 1.1 7.6  
  Q4 -3.6 3.9 -2.3 10.1 15.1 -2.1 4.3 17.0 1.8 4.0  
   
  2018 Q1 -0.4 p 4.4 -2.2 11.7 18.7 -1.9 3.0 13.1 -1.1 8.6  
  Q2 -3.9 p 1.1 -3.0 5.3 19.9 -2.4 4.3 11.2 0.2 7.8  
  Q3 -3.7 p 1.0 -3.4 3.4 20.1 -2.9 6.9 9.7 0.5 2.0  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES                                              
  2014 - 2019                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   Korea   Taiwan   China   Vietnam  
   
      C.  Financial Account   
            1.   Net Foreign Direct Investments Flows 3 2014 5,740 10,619 25,121 4,975 69,476 34,577 9,274 2,828 268,097 9,200  
      (in million US dollars) 2015 5,639 9,857 19,779 8,928 70,688 44,009 4,104 2,391 242,489 11,800  
  2016 8,280 13,470 4,542 2,810 74,364 44,459 12,104 9,261 174,750 12,600  
  2017 10,057 9,512 21,419 8,046 63,572 39,966 17,053 3,289 168,224 14,100  
  Q1 1,539 2,533 3,208 2,393 20,430 9,141 4,752 933 33,072 2,890  
  Q2 2,502 1,943 4,476 1,744 10,855 10,148 2,543 701 21,926 3,360  
  Q3 2,431 3,623 8,454 2,220 14,883 14,692 3,533 1,119 32,860 3,890  
  Q4 3,586 1,413 5,280 1,688 17,404 5,985 6,225 534 80,366 3,960  
   
  2018 Q1 2,268 p 3,520 4,035 4,648 16,796 8,605 3,412 1,996 72,964 3,100  
  Q2 3,536 p 634 3,946 2,339 14,609 13,204 3,838 3,156 52,654 3,890  
  Q3 2,234 p 1,424 5,894 3,176 24,018 10,191 1,910 494 25,219 3,630  
  Q4 1,023 p, b - - - - - - - - -  
   
  (Growth rates in percent) 2014 53.6 -6.0 7.9 -68.8 7.8 22.8 -27.4 -21.4 -7.8 3.4  
  2015 -1.7 -7.2 -21.3 79.4 1.7 27.3 -55.7 -15.5 -9.6 28.3  
  2016 46.8 36.6 -77.0 -68.5 5.2 1.0 194.9 287.3 -27.9 6.8  
  2017 21.5 -29.4 371.6 186.3 -14.5 -10.1 40.9 -64.5 -3.7 11.9  
  Q1 8.1 -29.9 0.3 -31.9 28.5 -19.7 5899.6 29.0 -19.9 1.0  
  Q2 -15.1 -26.0 -1.5 29.4 -50.4 72.1 -44.5 38.3 -41.9 12.8  
  Q3 44.2 2.9 37.9 154.1 -19.8 5.1 21.0 427.8 27.6 29.2  
  Q4 61.1 -61.9 156.6 -17.7 -3.4 -54.6 37.6 -93.2 14.9 5.6  
   
  2018 Q1 47.4 p 39.0 25.8 94.2 -17.8 -5.9 -28.2 113.9 120.6 7.3  
  Q2 41.3 p -67.4 -11.8 34.1 34.6 30.1 50.9 350.2 140.1 15.8  
  Q3 -8.1 p -60.7 -30.3 43.1 61.4 -30.6 -45.9 -56.0 -23.3 -6.7  
  Q4 -64.6 p, b - - - - - - - - -  
   
            2.   Net Foreign Portfolio Investments Flows 4 2014 -3 -3,194 23,480 -4,695 4,103 37,740 9,208 13,055 101,292 93  
      (in million US dollars) 2015 -2,128 -4,473 17,451 -12,691 -4,315 9,487 10,021 -858 280,683 -65  
  2016 -264 374 16,777 1,481 4,936 -4,725 -3,770 2,643 50,499 48  
  2017 -796 1,155 24,255 9,401 13,151 30,638 17,690 3,885 116,818 1,889  
  Q1 -2,644 p -5,258 7,555 2,318 4,238 10,799 15,072 8,044 6,792 709  
  Q2 585 p 4,682 8,349 1,490 3,664 12,452 7,938 4,264 13,795 443  
  Q3 114 p -214 4,761 5,382 1,971 2,066 -6,501 -10,307 61,551 370  
  Q4 1,149 p 1,946 3,589 211 3,278 5,322 1,180 1,884 34,679 367  
   
  2018 Q1 -282 p 2,013 138 -882 -2,124 2,276 10,069 27,473 41,059 699  
  Q2 -578 p -9,425 1,355 -5,628 -488 -8,145 7,858 21,882 65,250 370  
  Q3 1,546 p - 1,368 2,583 -1,194 -1,618 9,004 15,138 43,098 1,591  
   
  (Growth rates in percent) 2014 -100.9 -134.0 93.3 -243.2 378.2 450.3 -49.3 64.2 240.7 -93.3  
  2015 -62137.4 -40.1 -25.7 -170.3 -205.2 -74.9 8.8 -106.6 177.1 -169.9  
  2016 87.6 108.4 -3.9 111.7 214.4 -149.8 -137.6 408.0 -82.0 -173.8  
  2017 -201.9 p 209.0 44.6 534.6 166.4 748.4 569.2 47.0 131.3 3835.4  
  Q1 -176.1 p -202.4 64.1 -10.1 158.6 802.1 456.1 100.6 135.8 1174.2  
  Q2 59.2 p 289.5 5.7 -455.8 100.7 492.0 287.8 126.2 -42.7 43.4  
  Q3 -74.0 p 68.4 2.9 -2.9 9.6 -65.9 -250.0 -459.3 128.5 2.5  
  Q4 1152.4 p 136.8 1112.1 -103.4 1105.7 146.9 119.9 130.8 88.0 166.0  
   
  2018 Q1 89.3 p -138.3 -98.2 -138.0 -150.1 -78.9 -33.2 241.5 504.5 -1.4  
  Q2 -198.8 p -301.3 -83.8 -480.1 -113.3 -165.4 -1.0 413.2 373.0 -16.5  
  Q3 1262.2 p - -71.3 -52.0 -160.6 -178.3 238.5 246.9 -30.0 330.0  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES                                              
  2014 - 2019                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   Korea   Taiwan   China   Vietnam  
   
      D.  Overall Balance of Payments 2014 -2,858 -2,477 15,249 -1,210 6,801 - 17,886 8,904 - 8,375  
    (in million US dollars) 2015 2,616 1,157 -1,098 5,859 1,126 - 420 6,984 - -6,032  
  2016 -1,038 7,174 12,089 12,845 -1,474 - 3,370 - - 8,390  
  2017 -863 10,631 11,586 25,957 4,734 - 10,422 - - 12,544  
  Q1 -994 -4,132 4,514 8,188 11,729 - 501 - - 1,448  
  Q2 289 4,417 739 1,995 3,192 - -3,348 - - 1,061  
  Q3 -662 2,928 5,359 12,577 8,232 - 5,282 - - 2,302  
  Q4 505 7,417 974 3,197 4,122 - 7,986 - - 7,733  
   
  2018 -2,306 - - - - - - - - -  
  Q1 -1,227 5,872 -3,855 11,981 5,181 - 741 - - 7,275  
  Q2 -2,030 -8,880 -4,309 -4,344 5,833 - -6,152 - - 2,302  
  Q3 -1,879 - -4,386 327 4,548 - -629 - - 1,180  
  Q4 2,830 - - - - - - - - -  
   
      E.  External Debt  5 2014 77.7 214.0 293.3 141.7 1354.6 458.2 424.3 177.9 895.5 3.4  
   Levels (in billion US dollars) 2015 77.5 195.1 310.7 131.1 1288.8 479.2 396.1 159.0 1416.2 -  
  2016 74.8 212.5 320.0 132.2 1360.7 455.9 384.1 172.2 1415.8 -  
  2017 Q1 73.8 202.0 330.0 137.0 1345.6 471.3 407.8 182.3 1433.0 -  
  Q2 72.5 204.6 337.3 142.0 1334.1 485.5 408.4 170.1 1557.9 -  
  Q3 72.4 206.8 345.1 151.7 1391.2 495.1 410.5 176.1 1675.1 -  
  Q4 73.1 216.6 352.9 155.2 1427.5 513.0 418.8 181.9 1710.6 -  
   
  2018 Q1 73.2 231.3 359.6 157.9 1494.1 529.7 433.9 192.3 1843.5 -  
  Q2 72.2 231.9 356.5 154.3 1519.2 514.4 440.5 199.1 1870.5 -  
  Q3 76.4 228.9 359.8 158.1 1448.3 510.4 449.5 202.6 1913.2 -  
   
               ( As percent of GDP) 2014 27.3 63.3 32.9 34.8 434.8 22.9 30.0 33.5 8.6 1.8  
  2015 26.5 65.6 36.1 32.6 423.8 22.9 28.6 30.2 12.9 -  
  2016 24.5 71.6 34.3 32.1 439.3 20.6 27.1 32.4 12.7 -  
  2017 Q1 24.0 67.2 34.4 32.6 429.5 20.7 28.2 33.6 12.6 -  
  Q2 23.5 67.7 34.4 33.1 424.5 20.7 27.7 30.8 13.6 -  
  Q3 23.4 67.7 34.6 34.4 438.2 20.5 27.4 31.2 14.2 -  
  Q4 23.3 68.7 34.8 34.0 440.4 20.4 27.3 31.6 13.9 -  
   
  2018 Q1 23.0 70.2 34.8 33.2 448.2 20.4 27.6 32.8 14.4 -  
  Q2 22.4 67.8 34.2 31.4 445.2 19.3 27.5 33.6 14.1 -  
  Q3 23.5 65.4 34.5 31.7 420.5 19.1 27.8 34.2 14.1 -  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES                                              
  2014 - 2019                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   Korea   Taiwan   China   Vietnam  
   
       F.  Gross International Reserves     2014 79,541 115,962 111,862 157,108 256,860 320,649 363,593 418,980 3,843,017 34,575  
    (in million US dollars) 2015 80,667 95,313 105,931 156,514 247,747 350,381 367,962 426,031 3,330,362 28,616  
  2016 80,692 94,514 116,362 171,853 246,575 358,898 371,102 434,204 3,010,517 36,906  
  2017 81,570 102,459 130,196 202,562 279,900 409,072 389,267 451,500 3,139,949 49,497  
  2018 Q1 80,511 107,831 126,003 215,615 287,149 424,545 396,754 457,188 3,142,820 56,696  
  Q2 77,525 104,667 119,839 206,791 288,044 406,058 400,299 457,123 3,112,129 -  
  Q3 74,939 103,038 114,848 204,457 291,326 400,525 403,000 460,441 3,087,025 -  
  Q4 79,193 101,400 120,654 205,641 287,673 395,591 403,694 461,784 3,072,712 -  
   
  2019 Q1 82,132 p, c 101,700 c 120,075 c 209,911 c 293,889 c - 405,513 c - 3,087,924 c -  
   
       G.  Import Cover 6 2014 14.6 6.7 7.5 8.3 8.2 8.3 8.3 18.2 23.5 2.8  
         (Equivalent in months of goods)   2015 13.6 6.5 8.9 9.3 9.6 10.7 10.1 21.6 23.8 2.1  
  2016 11.5 6.7 10.3 10.6 10.1 11.9 11.0 22.6 22.7 2.6  
  2017 10.2 6.3 10.0 11.0 10.2 10.9 9.8 20.9 20.5 2.8  
  2018 Q1 9.9 6.4 9.2 11.2 10.3 11.0 9.6 20.6 19.6 3.1  
  Q2 9.1 6.0 8.3 10.4 9.9 10.2 9.4 20.1 18.6 -  
  Q3 8.4 5.8 7.5 10.0 9.7 9.6 9.3 19.6 17.8 -  
  Q4 8.7 5.6 7.7 9.9 9.3 9.3 9.1 19.3 17.3 -  
   
  2019 Q1 9.0 p, c 5.6 c 7.6 c 10.1 c 9.5 c - 9.1 c - 17.4 c -  
   
      H.  Exchange Rate  2014 44.40 3.27 11868.67 32.47 1.27 61.02 1052.96 30.37 6.16 21147.67  
           Levels (local currency / US dollars) 2015 45.50 3.91 13389.41 34.24 1.37 64.10 1131.16 31.91 6.27 21676.96  
  2016 47.49 4.15 13308.71 35.28 1.38 67.17 1160.84 32.33 6.64 21932.41  
  2017 50.40 4.30 13380.80 33.92 1.38 65.10 1125.39 30.44 6.76 22369.71  
  Q1 49.99 4.45 13347.92 35.10 1.42 66.94 1153.18 31.10 6.88 22215.77  
  Q2 49.86 4.33 13309.47 34.30 1.39 64.47 1129.95 30.27 6.86 22370.03  
  Q3 50.84 4.26 13329.13 33.36 1.36 64.29 1132.49 30.28 6.67 22441.78  
  Q4 50.93 4.16 13536.68 32.91 1.35 64.71 1085.95 30.12 6.61 22451.28  
   
  2018 52.66 4.03 14237.76 32.30 1.35 68.40 1100.56 30.44 6.61 22601.86  
  Q1 51.45 3.92 13576.23 31.54 1.32 64.37 1072.82 29.32 6.35 22434.93  
  Q2 52.45 3.95 13970.55 31.92 1.33 66.99 1080.35 29.78 6.38 22552.72  
  Q3 53.55 4.09 14613.38 32.95 1.37 70.20 1121.40 30.68 6.81 22675.64  
  Q4 53.20 4.17 14790.89 32.81 1.37 72.04 1127.66 30.86 6.91 22744.14  
   
  (Growth rates in percent) 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 5.5 8.5 5.1 7.4 5.1 1.9 2.5  
  2016 4.4 6.2 -0.6 3.0 0.5 4.8 2.6 1.4 5.8 1.2  
  2017 6.1 3.7 0.5 -3.8 0.0 -3.1 -2.6 -5.8 1.7 2.0  
  Q1 5.7 5.8 -1.4 -1.5 0.8 -0.8 -4.1 -6.7 5.2 1.5  
  Q2 7.2 8.0 -0.1 -2.7 2.4 -3.6 -2.9 -6.7 5.0 2.3  
  Q3 8.0 5.2 1.5 -4.2 0.6 -4.0 1.1 -4.6 0.1 2.5  
  Q4 3.7 -3.8 2.2 -7.0 -3.9 -4.0 -4.5 -5.2 -3.2 1.7  
   
  2018 4.5 -6.2 6.4 -4.7 -2.3 5.1 -2.6 -5.8 -2.1 1.0  
  Q1 2.9 -12.0 1.7 -10.1 -6.9 -3.8 -7.0 -5.7 -7.7 1.0  
  Q2 5.2 -10.4 5.0 -6.9 -4.2 3.9 -4.4 -1.6 -7.0 0.8  
  Q3 5.3 -4.6 9.6 -1.2 0.5 9.2 -1.0 1.3 2.1 1.0  
  Q4 4.5 -1.4 9.3 -0.3 1.5 11.3 2.0 2.5 4.5 1.3  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES                                              
  2014 - 2019                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   Korea   Taiwan   China   Vietnam  
   
    III.  Money & Credit 7  
          (end of period)  
          A.  Narrow Money   2014 13.3 5.7 6.2 1.3 3.6 10.0 13.6 6.9 3.2 21.2  
  (Growth rates in percent) 2015 15.2 4.1 12.0 5.7 0.1 12.3 20.9 6.4 15.2 18.0  
  2016 15.1 5.7 17.3 4.8 7.7 -18.9 12.3 6.0 21.4 18.1  
  2017 Q1 14.8 9.2 14.2 7.0 8.9 3.1 9.8 4.6 18.8 16.0  
  Q2 16.0 9.3 17.8 7.4 10.8 1.3 9.8 4.4 15.0 12.1  
  Q3 16.7 11.1 15.8 9.8 9.2 1.6 11.7 4.5 14.0 15.4  
  Q4 15.7 11.0 12.4 9.4 6.3 45.8 6.8 4.0 11.8 16.7  
   
  2018 Q1 17.8 7.9 11.9 7.6 8.2 21.8 7.3 5.5 7.1 23.5  
  Q2 15.2 4.7 8.2 5.3 4.4 18.1 5.6 5.9 6.6 22.2 e
  Q3 11.4 4.1 8.2 3.7 1.2 14.6 1.9 5.2 4.0 -  
  Q4 9.5 p 1.1 4.8 2.8 0.4 12.7 2.0 d 5.7 1.5 -  
   
         B.  Broad Money   2014 11.2 6.8 12.0 4.6 3.4 10.7 8.1 5.8 11.0 19.7  
      (Growth rates in percent) 2015 9.4 2.6 8.9 4.4 1.7 10.7 8.2 5.7 13.3 14.9  
  2016 12.8 3.0 10.1 4.2 7.7 6.2 7.1 4.1 11.3 17.9  
  2017 Q1 11.7 4.6 10.0 3.3 7.2 10.1 6.2 3.6 10.6 16.6  
  Q2 13.4 4.3 11.4 4.4 7.0 7.0 5.4 3.7 9.4 14.4  
  Q3 14.8 5.1 10.9 4.8 5.3 5.6 5.5 3.8 9.2 14.0  
  Q4 11.9 4.8 8.3 5.0 3.2 10.0 5.1 3.6 8.2 14.3  
   
  2018 Q1 14.4 6.0 7.5 6.2 2.8 9.2 6.0 3.6 8.8 15.4  
  Q2 11.8 5.8 5.9 5.1 2.7 9.8 6.8 4.1 8.5 17.4 e
  Q3 9.9 r 7.3 6.7 4.8 3.5 9.4 6.0 3.3 8.8 -  
  Q4 9.2 p 9.0 6.3 4.7 3.9 10.2 6.5 e 3.1 8.9 -  
   
         C.  Domestic Credits   2014 17.8 10.9 11.3 5.3 7.4 8.0 7.7 5.2 16.2 15.5  
      (Growth rates in percent) 2015 11.5 7.2 9.8 4.9 2.1 9.6 7.6 4.4 23.7 20.1  
  2016 17.0 6.5 8.8 3.8 4.6 9.1 6.7 3.7 20.1 17.2  
  2017 Q1 16.5 9.8 6.9 3.3 6.7 11.4 5.4 4.5 15.8 18.3  
  Q2 15.5 9.0 6.9 2.9 7.0 8.5 5.4 4.8 13.7 17.0  
  Q3 16.6 7.6 8.7 2.5 8.1 6.3 6.1 5.1 12.7 18.3  
  Q4 13.9 6.4 6.6 4.9 5.7 8.0 5.2 5.0 11.3 12.6  
   
  2018 Q1 14.8 6.8 8.3 5.0 4.7 8.6 6.4 5.2 11.6 12.3  
  Q2 16.4 6.4 9.5 5.6 4.5 9.8 6.6 5.9 10.1 12.2 e
  Q3 15.0 r 8.0 12.3 6.9 4.4 10.5 5.5 5.6 10.7 -  
  Q4 14.6 p 9.2 11.1 5.1 5.6 12.4 5.9 d - 10.6 d -  
   
                 As percent of GDP 2014 55.8 139.5 41.4 126.4 158.6 84.7 178.0 171.0 167.9 113.8  
  2015 59.0 142.9 41.7 128.1 152.8 84.5 181.9 171.4 194.3 128.3  
  2016 63.5 143.1 42.2 125.8 156.2 83.1 185.0 173.6 216.2 140.1  
  2017 Q1 63.6 144.6 40.6 124.1 158.9 84.7 184.3 176.5 217.6 142.1  
  Q2 63.7 141.9 40.8 122.8 158.9 83.6 185.1 176.5 218.7 143.8  
  Q3 65.0 138.8 40.3 120.5 159.2 83.5 182.9 178.0 218.1 144.2  
  Q4 66.3 138.5 41.0 124.0 158.0 81.4 184.0 178.9 216.9 141.8  
   
  2018 Q1 66.8 138.2 40.3 122.8 159.8 83.4 186.4 182.0 219.4 143.3  
  Q2 67.7 140.6 40.9 121.9 158.9 82.5 188.4 182.0 218.0 -  
  Q3 68.1 r 141.0 41.4 121.4 159.0 82.5 189.2 184.3 219.3 -  
  Q4 68.9 p - 41.8 - - - - - - -  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES                                              
  2014 - 2019                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   Korea   Taiwan   China   Vietnam  
   
        E.  Interest Rates  
             1. Time Deposit Rates 2014 1.1 3.0 8.8 1.8 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  
  2016 1.5 3.0 7.2 1.3 0.2 - 1.6 0.6 1.5 5.0  
  2017 1.8 2.9 6.5 1.3 0.1 - 1.6 0.6 1.5 4.8  
  Q1 1.7 2.9 6.7 1.3 0.1 - 1.6 0.6 1.5 4.8  
  Q2 1.8 2.9 6.6 1.3 0.1 - 1.6 0.6 1.5 4.8  
  Q3 1.8 2.9 6.5 1.3 0.1 - 1.6 0.6 1.5 4.8  
  Q4 2.0 2.9 6.2 1.3 0.1 - 1.9 0.6 1.5 4.8  
   
  2018 3.2 3.1 - 1.3 0.2 - - - - -  
  Q1 2.5 3.1 6.0 1.3 0.2 - 2.0 0.6 1.5 4.8  
  Q2 2.6 3.2 5.8 1.3 0.2 - 2.0 0.6 1.5 4.7  
  Q3 3.2 3.2 6.1 1.3 0.2 - 2.0 0.6 1.5 -  
  Q4 4.1 3.1 6.5 b 1.3 0.2 - 2.1 b 0.6 b 1.5 b -  
   
          2.  Lending Rates 2014 5.5 4.6 12.6 4.9 5.4 10.3 4.3 2.9 5.9 8.7  
               (All Maturities) 2015 5.6 4.6 12.7 4.7 5.4 10.0 3.5 2.9 4.9 7.1  
  2016 5.6 4.5 11.9 4.5 5.4 9.7 3.4 2.7 4.4 7.0  
  2017 5.5 4.6 11.0 4.4 5.3 9.5 3.4 2.6 4.4 7.1  
  Q1 5.5 4.6 11.3 4.5 5.3 9.6 3.5 2.6 4.4 7.0  
  Q2 5.6 4.6 11.2 4.4 5.3 9.5 3.4 2.6 4.4 7.0  
  Q3 5.7 4.6 11.0 4.4 5.3 9.5 3.4 2.6 4.4 7.1  
  Q4 5.7 4.6 10.8 4.3 5.3 9.5 3.5 2.6 4.4 7.3  
   
  2018 6.1 4.9 - 4.1 5.3 - - - - -  
  Q1 5.6 4.8 10.7 4.2 5.3 9.5 3.7 2.6 4.4 7.4  
  Q2 5.9 5.0 10.5 4.1 5.3 9.5 3.7 2.6 4.4 7.4  
  Q3 6.2 5.0 10.5 4.1 5.3 9.5 3.7 2.6 4.4 -  
  Q4 6.8 5.0 10.5 b 4.1 5.3 9.5 b 3.7 b 2.6 b 4.4 b -  
   
         3.  T-Bill Rates  8 2014 1.24 3.23 - 2.07 0.35 8.65 - - - -  
  2015 1.77 3.11 - 1.61 0.94 7.65 - - - -  
  2016 1.50 2.43 - 1.41 0.77 6.74 - - - -  
  2017 2.15 3.08 - 1.35 1.11 6.20 - - - -  
  2018 3.61 - - 1.31 1.69 6.57 - - - -  
  Q1 2.64 3.17 - 1.17 1.43 6.29 - - - -  
  Q2 3.41 3.27 - 1.25 1.61 6.31 - - - -  
  Q3 3.28 3.25 - 1.31 1.73 6.90 - - - -  
  Q4 5.11 - - 1.49 1.99 6.79 - - - -  
   
  2019 Q1 5.44 a - - - - - - - - -  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES                                              
  2014 - 2019                                              
                                                 
        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 2014 1,908,527 218,161 1,537,180 2,509,862 59,995 11,119 320,895 2,508,815 14,035 863,520  
  2015 2,108,956 219,089 1,508,020 2,690,640 63,525 12,647 339,186 2,662,328 15,222 996,870  
  2016 2,195,914 212,421 1,554,378 2,781,798 67,969 13,836 371,264 2,690,918 15,955 1,101,377  
  2017 2,473,132 220,407 1,656,891 2,795,050 70,225 15,493 403,839 2,753,318 17,257 1,288,665  
  Q1 532,389 46,645 294,750 613,916 16,596 4,713 106,216 - 4,437 280,910  
  Q2 643,971 50,431 423,679 808,043 18,956 2,090 103,314 - 4,994 282,590  
  Q3 625,120 58,717 381,124 747,507 19,390 4,412 100,264 - 3,982 279,555  
  Q4 671,652 64,614 557,617 625,585 15,283 4,278 94,045 - 3,844 445,610  
   
  2018 - 233,496 1,943,536 3,036,127 - 16,036 - - 18,335 1,358,400  
  Q1 619,793 54,324 333,776 644,968 22,187 4,730 114,632 - 5,055 308,485  
  Q2 790,749 52,470 499,672 867,283 20,098 2,786 116,311 - 5,378 343,236  
  Q3 700,969 59,281 478,872 836,296 19,544 4,309 78,524 - 4,150 310,780  
  Q4 506,464 b 67,421 631,216 687,580 - 4,211 69,028 b - 3,752 395,900  
   
          (As percent of GDP) 2014 15.1 19.7 15.0 19.0 15.2 9.1 21.6 15.6 21.8 21.9  
  2015 15.8 18.9 14.5 19.6 15.2 9.4 21.7 15.9 22.1 23.8  
  2016 15.2 17.3 13.1 19.1 15.9 9.3 22.6 15.7 21.5 24.5  
  2017 15.6 16.3 12.5 18.1 15.7 9.5 23.3 15.8 20.9 25.7  
  Q1 14.9 14.4 9.1 16.0 15.1 11.6 26.1 - 24.6 30.2  
  Q2 16.3 15.3 12.6 21.6 17.4 5.4 24.0 - 24.9 25.1  
  Q3 16.4 17.1 10.9 19.4 17.4 10.8 22.4 - 18.8 22.0  
  Q4 15.0 18.1 16.0 15.6 13.0 10.0 21.1 - 16.4 26.6  
   
  2018 - - 13.1 - - - - - 20.4 24.5  
  Q1 15.8 15.8 9.5 15.9 19.4 10.4 27.2 - 25.5 30.0  
  Q2 18.2 15.0 13.6 21.7 17.5 6.3 26.1 - 24.5 27.6  
  Q3 16.6 16.3 12.5 20.6 16.8 9.5 17.2 - 18.1 22.0  
  Q4 - - 16.6 - - - - - 14.8 21.4  
   
          B.  Expenditure 2014 1,981,619 256,689 1,764,583 2,473,034 41,757 16,361 312,394 2,645,712 15,166 800,532  
  2015 2,230,645 256,533 1,806,443 2,648,242 45,359 17,224 339,351 2,645,189 17,577 875,208  
  2016 2,549,336 251,089 1,860,759 2,885,556 51,081 19,290 354,354 2,745,305 18,784 937,951  
  2017 2,823,769 260,727 2,004,247 2,888,896 54,884 22,085 379,809 2,770,074 20,333 1,016,152  
  Q1 615,362 66,863 400,037 636,567 17,739 5,095 110,134 - 4,592 240,800  
  Q2 715,468 64,185 493,283 651,796 10,860 6,507 101,558 - 5,757 250,765  
  Q3 683,716 57,912 481,470 633,077 12,128 4,985 85,446 - 4,839 246,425  
  Q4 809,223 71,767 629,457 967,456 14,157 5,498 82,671 - 5,146 278,162  
   
  2018 - 285,541 2,203,040 3,003,470 - 22,757 - - 22,091 1,104,835  
  Q1 771,964 65,523 419,552 630,739 18,437 4,437 116,397 - 5,100 254,725  
  Q2 831,595 71,972 524,457 738,417 10,315 7,076 118,066 - 6,060 264,461  
  Q3 886,186 62,542 568,545 670,592 12,977 5,966 59,010 - 5,170 266,506  
  Q4 605,447 b 85,504 690,486 694,555 - 5,278 45,651 b - 5,762 319,143  
   
          (As percent of GDP) 2014 15.7 23.2 16.7 18.7 10.6 13.4 21.0 16.4 23.6 20.3  
  2015 16.7 22.2 15.7 19.3 10.8 12.9 21.7 15.8 25.6 20.9  
  2016 17.6 20.4 15.0 19.9 11.9 13.0 21.6 16.0 25.4 20.8  
  2017 17.9 19.3 14.7 18.7 12.3 13.5 21.9 15.9 24.8 20.3  
  Q1 17.2 20.6 12.4 16.6 16.2 12.5 27.1 - 25.6 25.8  
  Q2 18.1 19.5 14.7 17.4 10.0 16.7 23.6 - 28.9 22.2  
  Q3 17.9 16.9 13.7 16.5 10.9 12.3 19.1 - 23.1 19.4  
  Q4 18.1 20.2 18.0 24.1 12.0 12.9 18.5 - 22.1 16.6  
   
  2018 - - 14.8 - - - - - 24.5 20.0  
  Q1 19.7 19.1 12.0 15.5 16.1 9.8 27.7 - 25.8 24.8  
  Q2 19.2 20.6 14.2 18.5 9.0 16.0 26.5 - 27.6 21.3  
  Q3 21.0 17.2 14.8 16.5 11.2 13.1 12.9 - 22.5 18.8  
  Q4 - - 18.2 - - - - - 22.7 17.2  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES                                              
  2014 - 2019                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   Korea   Taiwan   China   Vietnam  
   
         C. Overall Surplus/Deficit 2014 -73,092 -38,528 -227,403 36,828 18,237 -5,241 8,501 -136,897 -1,131 62,988  
  2015 -121,689 -37,444 -298,423 42,398 18,203 -4,577 -165 17,139 -2,355 121,662  
  2016 -353,422 -38,668 -306,381 -103,758 16,888 -5,454 16,910 -54,388 -2,829 163,426  
  2017 -350,637 -40,320 -347,357 -93,846 15,342 -6,575 17,254 -16,756 -3,076 272,513  
  Q1 -82,973 -20,218 -105,467 -22,651 -1,143 -365 -3,918 - -155 40,110  
  Q2 -71,497 -13,754 -69,604 156,247 8,096 -4,417 -13,454 - -763 31,825  
  Q3 -58,596 805 -100,446 114,430 7,262 -573 12,656 - -857 33,130  
  Q4 -137,571 -7,153 -71,840 -341,871 1,126 -1,220 -5,147 - -1,302 167,448  
   
  2018 - -52,045 -259,504 32,657 - -6,722 - - -3,756 232,403  
  Q1 -152,171 -11,199 -85,776 14,229 3,751 293 -1,765 - -45 53,760  
  Q2 -40,846 -19,502 -24,785 128,866 9,783 -4,290 -12,190 - -681 78,775  
  Q3 -185,217 -3,261 -89,673 165,704 6,567 -1,657 19,514 - -1,020 44,274  
  Q4 -98,983 b -18,083 -59,270 -276,142 - -1,067 23,377 b - -2,010 76,757  
   
                   As percent of GDP 2014 -0.6 -3.5 -2.2 0.3 4.6 -4.3 0.6 -0.8 -1.8 1.6  
  2015 -0.9 -3.2 -2.6 0.3 4.4 -3.4 0.0 0.1 -3.4 2.9  
  2016 -2.4 -3.1 -2.5 -0.7 3.9 -3.7 1.0 -0.3 -3.8 3.6  
  2017 -2.2 -3.0 -2.6 -0.6 3.4 -4.0 1.0 -0.1 -3.7 5.4  
  Q1 -2.3 -6.2 -3.3 -0.6 -1.0 -0.9 -0.2 - -0.9 4.3  
  Q2 -1.8 -4.2 -2.1 4.2 7.4 -11.3 -3.1 - -3.8 2.8  
  Q3 -1.5 0.2 -2.9 3.0 6.5 -1.4 2.8 - -4.1 2.6  
  Q4 -3.1 -2.0 -2.1 -8.5 1.0 -2.9 -1.2 - -5.6 10.0  
   
  2018 - - -1.7 - - - - - -4.2 4.2  
  Q1 -3.9 -3.3 -2.4 0.3 3.3 0.6 -0.1 - -0.2 5.2  
  Q2 -0.9 -5.6 -0.7 3.2 8.5 -9.7 -2.7 - -3.1 6.3  
  Q3 -4.4 -0.9 -2.3 4.1 5.7 -3.6 4.3 - -4.4 3.1  
  Q4 - - -1.6 - - - - - -7.9 4.1  
   
                                                 
  a January c End January d End May  
  b October-November d End November  
   
1 Philippines - figures from 2013-onwards at base year 2012  
2 Per International Merchandise Trade Statistics  
3 Net FDI flows refer to non-resident placements less non-resident withdrawals of equity, reinvestment of earnings and other capital.  
4 Net FPI flows refer to non-resident placements less non-resident withdrawals of equity securities and debt securities.  
5 Philippine data were revised to reflect new treatment of Hybrid Tier 1 accounts beginning March 2006.  
6 Import cover refers to number of months of average imports of goods  
7 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).
8 Treasury-Bill Rates (91 Days) for Philippines  
- not available  
. Rounds off to zero  
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