48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES                                              
  2016 - 2020                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   South Korea   Taiwan   China   Vietnam  
                                                 
  I. Real Sector  
  A. Real GDP Growth Rate 1 2016 7.1 7.0 5.0 3.4 3.2 9.0 - 1.5 6.7 6.2  
  (in percent) 2017 6.9 5.7 5.1 4.1 4.3 6.6 - 3.1 6.8 6.8  
  2018 6.3 4.7 5.2 4.2 3.4 6.8 - 2.6 6.6 7.1  
  2019 6.0 4.3 5.0 2.4 0.7 4.9 - - 6.2 7.0  
  Q1 5.7 4.5 5.1 2.9 1.0 5.7 - 1.8 6.4 -  
  Q2 5.4 4.9 5.1 2.4 0.2 5.2 - 2.4 6.2 -  
  Q3 6.3 4.4 5.0 2.6 0.7 4.4 - 2.9 6.0 -  
  Q4 6.7 3.7 5.0 1.5 1.0 4.1 - - 6.0 -  
   
  2020 Q1 -0.2 0.7 3.0 -1.8 -0.7 3.1 1.7 - -6.8 -  
   
  B. Nominal GDP Growth Rate 1 2016 8.5 6.2 7.6 6.2 4.0 11.8 5.0 2.4 7.9 7.4  
  (in percent) 2017 9.4 9.8 9.5 6.1 7.2 11.1 5.5 1.9 10.9 11.2  
  2018 10.3 5.5 9.2 5.7 6.6 11.9 3.4 1.7 9.7 10.7  
  2019 6.9 4.4 6.7 3.1 0.8 7.3 1.1 3.7 7.8 8.9  
  Q1 7.8 4.4 7.8 4.1 4.2 7.9 1.1 1.8 7.8 8.6  
  Q2 6.3 5.0 7.5 3.7 1.3 8.1 1.5 2.0 8.3 10.1  
  Q3 6.3 3.9 5.9 2.8 0.2 5.9 0.3 3.4 7.6 8.8  
  Q4 7.0 4.3 5.8 1.9 -2.1 7.4 1.5 7.5 7.4 8.4  
   
  2020 Q1 1.1 1.5 3.7 -1.0 -2.3 7.5 0.7 3.6 -5.3 -  
   
  C. Inflation Rate 2 2016 1.3 2.1 - 0.2 -0.5 5.0 1.0 1.4 2.0 2.7  
  (in percent) 2017 2.9 3.8 - 0.7 0.5 3.3 1.9 0.6 1.6 3.5  
  2018 5.2 1.0 - 1.1 0.4 4.0 1.5 1.4 2.1 3.5  
  2019 2.5 0.7 - 0.7 0.5 3.7 0.3 . 2.9 2.8  
  Q1 3.8 -0.3 - 0.7 0.5 2.5 0.5 0.3 1.8 2.6  
  Q2 3.0 0.6 - 1.1 0.7 3.1 0.6 0.8 2.6 2.7  
  Q3 1.7 1.3 - 0.6 0.5 3.5 -0.1 0.4 2.9 2.2  
  Q4 1.6 1.0 - 0.4 0.4 5.8 0.3 0.7 4.3 3.7  
   
  2020 Q1 2.7 0.9 - . -0.1 6.7 1.2 0.5 5.0 5.6  
  Q2 2.2 a -2.9 b - -3.3 a -1.5 b - -0.1 a -1.1 a 3.3 b 2.7 a
   
  D. Unemployment rate 2016 5.4 3.5 5.6 1.0 2.1 - 3.7 3.9 4.0 2.3  
  (in percent) 2017 5.7 3.4 - 1.2 2.2 - 3.7 3.8 3.9 2.2  
  2018 5.3 3.4 - 1.1 2.1 - 3.9 3.7 3.8 2.2  
  2019 5.1 3.3 - 1.1 2.3 - 3.8 3.7 3.6 2.2  
  Q1 5.3 3.3 - 0.9 2.2 - 4.0 3.7 3.7 2.2  
  Q2 5.1 3.3 - 1.0 2.2 - 4.0 3.7 3.6 2.2  
  Q3 5.4 3.3 - 1.0 2.3 - 3.5 3.8 3.6 2.2  
  Q4 4.5 3.2 - 1.0 2.3 - 3.6 3.7 3.6 2.2  
   
  2020 Q1 5.3 - - 1.1 - - 3.7 3.7 3.7 -  
  Q2 17.7 p - - - - - - - - -  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES  
  2016 - 2020                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   South Korea   Taiwan   China   Vietnam  
   
  II. External Transactions 3  
  A. Trade  (in million US dollars) 2016 57,406 189,414 144,490 215,388 338,084 264,424 495,426 280,321 2,136,595 176,581  
  1. Exports 2017 68,713 217,839 168,828 236,635 373,241 299,152 573,694 317,249 2,280,358 215,119  
  2018 69,307 247,409 180,013 252,957 411,760 323,919 604,860 334,007 2,501,334 243,697  
  2019 70,927 238,189 167,497 246,245 390,341 324,972 542,233 329,194 2,498,570 264,268  
  Q1 16,576 57,707 40,606 62,106 94,945 85,997 132,654 75,883 551,423 58,819  
  Q2 18,002 59,198 39,732 60,968 96,960 80,939 138,494 81,319 620,163 63,744  
  Q3 18,634 59,355 43,835 63,601 97,479 78,384 134,727 84,965 654,463 72,087  
  Q4 17,715 61,930 43,324 59,569 100,957 79,652 136,358 87,027 672,521 69,618  
   
  2020 Q1 15,732 p 57,160 41,761 62,672 91,596 75,026 130,368 78,668 477,595 63,307  
   
  (Growth rate in percent) 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  
  2018 0.9 13.6 6.6 6.9 10.3 8.3 5.4 5.3 9.7 13.3  
  2019 2.3 -3.7 -6.9 -2.7 -5.2 0.3 -10.4 -1.4 -0.1 8.4  
  Q1 -2.0 -4.7 -8.2 -1.9 -2.7 6.7 -8.5 -4.2 1.0 5.2  
  Q2 2.9 -4.6 -8.9 -3.8 -6.7 -1.3 -8.7 -2.7 -1.5 9.1  
  Q3 2.2 -3.2 -6.9 -0.5 -7.8 -3.8 -12.3 -0.9 -0.8 10.5  
  Q4 6.2 -2.5 -3.8 -4.5 -3.5 -0.3 -11.8 1.8 1.0 8.5  
   
  2020 Q1 -5.1 p -0.9 2.8 0.9 -3.5 -12.8 -1.7 3.7 -13.4 7.6  
   
  2. Imports 2016 84,108 168,392 135,692 194,198 291,910 361,497 406,193 230,568 1,589,460 174,804  
  2017 96,093 195,149 156,986 221,519 327,693 449,794 478,478 259,266 1,842,334 213,007  
  2018 112,841 217,509 188,711 248,201 370,504 512,627 535,202 284,792 2,133,135 236,869  
  2019 111,593 205,012 170,722 236,640 358,984 484,842 503,343 285,694 2,068,950 253,393  
  Q1 26,916 48,669 40,669 59,981 87,077 121,737 123,797 66,843 475,514 57,404  
  Q2 28,086 51,865 41,501 58,668 90,156 129,106 128,772 70,327 513,695 63,441  
  Q3 28,689 51,291 43,951 60,163 89,076 117,899 124,961 72,216 535,375 66,530  
  Q4 27,902 53,188 44,601 57,918 92,675 116,100 125,813 76,309 544,366 66,018  
   
  2020 Q1 23,261 p 48,312 39,169 58,738 87,437 109,810 122,052 69,150 464,757 59,328  
   
  (Growth rate in percent) 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  
  2018 17.4 11.5 20.2 12.0 13.1 14.0 11.9 9.8 15.8 11.2  
  2019 -1.1 -5.7 -9.5 -4.7 -3.1 -5.4 -6.0 0.3 -3.0 7.0  
  Q1 7.6 -6.5 -7.5 -1.4 1.8 0.3 -6.5 -0.9 -4.3 7.8  
  Q2 -1.9 -5.9 -8.0 -4.2 -1.7 1.1 -3.3 0.7 -3.9 9.7  
  Q3 -4.0 -7.0 -11.6 -6.1 -6.4 -11.3 -4.1 -3.2 -6.4 7.3  
  Q4 -4.9 -3.6 -10.7 -6.8 -5.5 -10.5 -9.7 4.9 2.8 3.5  
   
  2020 Q1 -13.6 p -0.7 -3.7 -1.9 0.4 -9.8 -1.4 3.5 -2.3 3.4  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES  
  2016 - 2020                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   South Korea   Taiwan   China   Vietnam  
   
  3. Trade Balance 2016 -26,702 21,022 8,797 21,190 46,174 -97,072 89,233 49,753 198,835 -210  
  2017 -27,380 22,689 11,843 15,116 45,548 -150,642 95,216 57,983 233,471 -1,555  
  2018 -43,533 29,900 -8,699 4,756 41,256 -188,708 69,657 49,216 368,199 6,828  
  2019 -40,666 33,177 -3,225 -1,677 31,357 -65,463 38,890 43,500 111,689 10,874  
  Q1 -10,341 9,038 -63 2,216 7,868 -35,740 8,857 9,040 75,909 1,415  
  Q2 -10,084 7,333 -1,770 2,300 6,804 -48,167 9,722 10,993 106,467 303  
  Q3 -10,055 8,063 -116 3,438 8,403 -39,515 9,766 12,749 119,088 5,557  
  Q4 -10,187 8,742 -1,277 1,651 8,282 -36,448 10,545 10,718 128,155 3,599  
   
  2020 Q1 -7,529 p 8,848 2,592 3,934 4,159 -34,784 8,316 9,518 12,838 3,979  
   
  (As percent of GDP) 2016 -8.4 7.0 0.9 5.1 14.5 -4.4 5.9 9.4 1.8 -0.1  
  2017 -8.3 7.1 1.2 3.3 13.3 -5.9 5.9 10.1 1.9 -0.7  
  2018 -12.6 8.3 -0.8 0.9 11.1 -6.9 4.0 8.1 2.6 2.8  
  2019 -10.8 9.1 -0.3 -0.3 8.4 -2.3 2.4 7.1 0.8 4.2  
  Q1 -12.2 10.2 . 1.7 8.5 -5.1 2.2 6.1 2.3 2.9  
  Q2 -10.8 8.2 -0.6 1.8 7.4 -6.8 2.4 7.4 3.0 0.5  
  Q3 -11.0 8.8 . 2.5 9.0 -5.7 2.4 8.3 3.3 8.3  
  Q4 -9.4 9.2 -0.4 1.2 8.8 -5.0 2.5 6.6 3.2 4.1  
   
  2020 Q1 -8.6 p 10.1 0.9 2.9 4.7 -4.7 2.2 6.2 0.4 -  
   
  B. Current Account   
  1. Current Account Balance   2016 -1,199 7,133 -16,952 43,438 55,873 -12,114 97,924 71,259 202,203 8,235  
  (in million US dollars) 2017 -2,143 8,960 -16,196 43,952 55,402 -38,168 75,231 83,093 195,117 6,419  
  2018 -8,773 8,028 -30,633 28,457 64,059 -65,599 77,467 70,843 25,499 -  
  Q1 -709 3,788 -4,937 14,193 13,717 -13,047 10,994 21,860 -40,315 3,934  
  Q2 -3,297 866 -7,784 4,168 16,844 -15,782 18,263 17,570 -886 4,300  
  Q3 -2,066 799 -8,380 3,830 18,834 -19,033 28,691 10,901 15,548 1,244  
  Q4 -2,701 2,576 -9,531 6,267 14,664 -17,738 19,519 20,512 51,152 -  
   
  2019 -464 p 12,301 -30,387 37,911 63,106 -26,894 59,971 65,088 141,335 -  
  Q1 -1,688 p 4,137 -6,600 12,430 13,059 -4,628 12,186 17,109 30,074 -  
  Q2 144 p 3,458 -8,202 5,453 18,078 -14,389 10,448 17,404 30,517 -  
  Q3 333 p 2,904 -7,503 9,682 17,593 -6,486 19,204 13,617 40,214 -  
  Q4 748 p 1,802 -8,082 10,346 14,376 -1,391 18,133 16,958 40,531 -  
   
  2020 Q1 - 2,274 -3,924 9,523 11,216 - 13,334 18,160 - -  
   
   
  (As percent of GDP) 2016 -0.4 2.4 -1.8 10.5 17.5 -0.5 6.5 13.4 1.8 4.0  
  2017 -0.7 2.8 -1.6 9.6 16.2 -1.5 4.6 14.5 1.6 2.9  
  2018 -2.5 2.2 -2.9 5.6 17.2 -2.4 4.5 12.0 0.2 -  
  Q1 -0.9 4.3 -1.9 11.1 15.0 -1.8 2.6 14.3 -1.3 8.6  
  Q2 -3.8 1.0 -3.0 3.3 18.2 -2.3 4.2 11.7 . 7.8  
  Q3 -2.5 0.9 -3.2 3.1 20.2 -2.9 6.6 7.3 0.5 2.0  
  Q4 -2.8 2.8 -3.7 4.9 15.3 -2.7 4.5 13.2 1.4 -  
   
  2019 -0.1 p 3.4 -2.7 7.0 17.0 -0.9 3.7 10.9 1.0 -  
  Q1 -2.0 p 4.7 -2.5 9.3 14.1 -0.7 3.0 11.8 0.9 -  
  Q2 0.2 p 3.9 -3.0 4.0 19.7 -2.0 2.6 12.2 0.9 -  
  Q3 0.4 p 3.2 -2.6 6.8 18.9 -0.9 4.7 9.2 1.1 -  
  Q4 0.7 p 1.9 -2.8 7.2 15.2 -0.2 4.3 10.5 1.0 -  
   
  2020 Q1 - 2.6 -1.4 7.1 12.6 - 3.5 11.8 - -  
   
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES  
  2016 - 2020                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   South Korea   Taiwan   China   Vietnam  
   
  C. Financial Account   
  1. Net Foreign Direct Investments Flows 4 2016 8,280 13,470 4,542 2,810 73,701 44,459 12,104 9,261 174,750 12,600  
  (in million US dollars) 2017 10,256 9,368 20,510 8,229 94,756 39,966 17,913 3,291 166,084 14,100  
  2018 9,949 8,306 18,910 13,205 91,039 42,117 12,183 6,998 235,365 15,500  
  Q1 2,207 3,056 5,416 4,049 21,948 8,605 3,277 1,962 81,979 3,100  
  Q2 3,667 1,108 4,125 2,018 23,532 13,126 3,936 3,156 61,669 3,630  
  Q3 2,300 1,411 6,802 3,162 25,275 10,021 772 373 34,234 3,880  
  Q4 1,774 2,731 2,567 3,976 20,285 10,366 4,197 1,507 57,482 4,890  
   
  2019 7,647 p 9,103 24,582 6,316 105,454 50,605 10,566 8,245 155,815 16,120  
  Q1 1,945 p 5,471 6,801 669 24,639 9,790 1,566 1,353 47,589 3,220  
  Q2 1,697 p 638 7,412 2,076 26,695 17,194 2,899 1,408 34,299 3,970  
  Q3 1,564 p 592 5,809 4,425 26,401 10,392 1,358 1,603 17,655 4,080  
  Q4 2,442 p 2,403 4,559 -854 27,719 13,229 4,743 3,881 56,272 4,850  
   
  2020 Q1 1,162 c 1,235 4,247 3,676 17,766 - 2,373 1,014 - 3,020  
   
  (Growth rate in percent) 2016 46.8 36.6 -77.0 -68.5 5.6 1.0 194.9 287.3 -27.9 6.8  
  2017 23.9 -30.4 351.6 192.8 28.6 -10.1 48.0 -64.5 -5.0 11.9  
  2018 -3.0 -11.3 -7.8 60.5 -3.9 1.5 -32.0 112.6 41.7 9.9  
  Q1 41.3 20.7 79.3 69.2 -21.0 -5.9 -32.7 110.3 148.0 7.3  
  Q2 44.4 -43.0 -2.4 15.7 25.2 29.3 22.2 350.2 192.2 8.0  
  Q3 -6.4 -61.2 -16.0 40.3 0.6 -31.8 -77.9 -66.8 4.9 -0.3  
  Q4 -52.0 116.8 -50.3 42.4 -12.1 73.2 -33.7 182.2 -27.5 23.5  
   
  2019 -23.1 p 9.6 30.0 -52.2 15.8 1.8 -13.3 17.8 -33.8 4.0  
  Q1 -11.9 p 79.0 25.6 -83.5 12.3 13.8 -52.2 -31.0 -41.9 3.9  
  Q2 -53.7 p -42.4 79.7 2.8 13.4 31.0 -26.4 -55.4 -44.4 9.4  
  Q3 -32.0 p -58.1 -14.6 40.0 4.5 3.7 75.8 329.8 -48.4 5.2  
  Q4 37.6 p -12.0 77.6 -121.5 36.7 27.6 13.0 157.5 -2.1 -0.8  
   
  2020 Q1 -12.2 c -77.4 -37.6 449.4 -27.9 - 51.6 -25.1 - -6.2  
   
  2. Net Foreign Portfolio Investments Flows 5 2016 -264 374 16,777 1,481 4,142 -4,725 -3,770 4,343 50,499 48  
  (in million US dollars) 2017 -796 1,158 24,255 9,401 14,330 30,638 17,473 3,958 124,301 1,889  
  2018 3,292 -8,855 14,483 -3,911 -3,143 -9,598 21,611 84,028 160,381 3,021  
  Q1 -117 2,054 294 -882 -2,682 2,276 10,204 29,793 43,787 699  
  Q2 -594 -9,416 1,357 -5,641 -371 -8,145 8,300 23,166 65,250 1,591  
  Q3 1,528 -889 1,342 2,626 3,058 -1,618 9,044 12,473 43,098 55  
  Q4 2,475 -604 11,489 -15 -3,149 -2,111 -5,937 18,596 8,071 676  
   
  2019 5,575 p 3,095 21,274 -959 3,399 24,584 18,460 46,401 147,366 2,995  
  Q1 3,301 p 3,674 5,076 -1,291 1,545 9,436 5,146 12,763 35,652 495  
  Q2 1,552 p -1,620 4,558 2,578 3,874 4,843 15,162 10,440 26,405 1,162  
  Q3 1,184 p -1,605 4,915 -3,685 -1,797 2,476 4,876 21,957 44,179 1,373  
  Q4 -462 p 2,646 6,724 1,439 -223 7,829 -6,724 1,241 41,130 -35  
   
  2020 Q1 - -6,273 -5,713 -6,229 -1,782 - -2,678 23,666 - -1,333  
   
  (Growth rate in percent) 2016 87.6 108.4 -3.9 111.7 186.2 -149.8 -137.6 253.7 -79.8 173.8  
  2017 -201.9 209.6 44.6 534.6 245.9 748.4 563.5 -8.9 146.1 3,835.4  
  2018 513.4 -864.9 -40.3 -141.6 -121.9 -0.4 23.7 2,023.0 29.0 59.9  
  Q1 95.6 -139.1 -96.1 -138.0 -156.7 -78.9 -31.9 346.5 209.0 -1.4  
  Q2 -201.6 -301.1 -83.7 -478.6 -109.2 -165.4 11.3 479.9 334.6 259.1  
  Q3 1,245.9 -315.1 -71.8 -51.2 43.3 -178.3 244.7 290.9 -26.8 -85.1  
  Q4 115.4 -131.0 220.1 -107.2 -191.4 -139.7 -566.3 10,665.9 -77.6 23.5  
   
  2019 69.3 p 135.0 46.9 75.5 208.1 0.9 -14.6 -44.8 -8.1 -0.9  
  Q1 2,919.4 p 78.8 1,624.4 46.4 157.6 314.6 -49.6 -57.2 -18.6 -29.2  
  Q2 361.3 p -82.8 235.9 -145.7 1,145.4 159.5 82.7 -54.9 -59.5 -27.0  
  Q3 -22.5 p -80.4 266.2 -240.3 -158.8 253.1 -46.1 76.0 2.1 2,396.4  
  Q4 -118.7 p 538.4 -41.5 -9,558.8 92.9 470.9 -13.2 -93.3 409.6 -105.2  
   
  2020 Q1 - -270.8 -212.5 -382.4 -215.3 - -152.0 85.4 - -369.3  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES  
  2016 - 2020                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   South Korea   Taiwan   China   Vietnam  
   
  D. Overall Balance of Payments 2016 -1,038 7,174 12,089 12,845 -1,474 17,513 1,934 - - 8,390  
  (in million US dollars) 2017 -863 10,631 11,586 25,957 4,734 37,649 9,221 - - 12,544  
  2018 -2,306 - -7,131 7,266 12,719 -4,265 -849 - - -  
  2019 7,843 - -3,882 13,583 -8,361 54,866 1,044 - - -  
  Q1 3,797 - 2,419 5,463 9,527 14,162 -41 - - -  
  Q2 991 - -1,977 104 -23,489 13,984 1,059 - - -  
  Q3 778 - -46 6,758 3,011 5,118 -3,163 - - -  
  Q4 2,277 - -4,279 1,258 2,590 21,601 3,189 - - -  
   
  2020 Q1 -68 - -8,545 4,479 5,049 - 529 - - -  
  Q2 1,666 a - - - - - - - - -  
   
  E. External Debt  6 2016 74.8 212.5 320.0 132.2 1351.9 455.9 382.2 172.2 1415.8 91.4  
  Levels (in billion US dollars) 2017 73.1 217.9 352.5 155.2 1450.2 513.0 412.0 181.9 1758.0 109.2  
  2018 Q1 73.2 229.1 357.5 157.5 1517.8 529.3 427.5 192.3 1889.6 -  
  Q2 72.2 229.6 353.8 154.2 1548.4 513.1 434.0 199.1 1917.6 -  
  Q3 76.4 225.4 357.1 159.0 1470.7 509.8 441.2 202.6 1968.4 -  
  Q4 79.0 221.8 375.4 162.4 1488.0 521.3 441.2 195.0 1982.8 112.1  
   
  2019 Q1 80.4 219.6 387.2 163.4 1509.9 543.2 441.0 195.0 1989.5 -  
  Q2 81.3 224.5 389.7 166.7 1522.7 557.1 462.8 187.2 2015.5 -  
  Q3 82.7 220.1 394.6 167.2 1560.6 557.5 460.2 191.9 2049.5 -  
  Q4 83.6 227.1 404.6 172.1 1557.3 563.9 467.0 184.7 2057.3 -  
   
  2020 Q1 - 233.5 389.3 163.4 - - 485.8 195.0 - -  
   
  (As percent of GDP) 2016 23.5 70.5 34.3 31.9 424.3 20.5 25.5 32.4 12.6 44.5  
  2017 22.3 68.2 34.7 34.0 424.2 20.1 25.4 31.6 14.3 48.8  
  2018 Q1 22.0 68.6 34.6 33.1 435.0 20.0 25.6 33.1 14.7 -  
  Q2 21.4 66.3 33.9 31.3 430.1 18.9 25.5 32.4 14.3 -  
  Q3 22.4 63.6 34.2 31.8 399.0 18.7 25.7 32.3 14.4 -  
  Q4 22.8 61.9 36.0 32.0 398.8 19.1 25.6 33.1 14.3 45.7  
   
  2019 Q1 22.9 61.2 36.8 31.9 403.2 20.0 25.8 33.3 14.3 -  
  Q2 22.7 62.6 36.6 32.2 407.6 20.3 27.5 32.2 14.4 -  
  Q3 22.6 61.0 36.2 31.5 418.1 20.1 27.8 32.9 14.5 -  
  Q4 22.2 62.3 36.1 31.6 418.5 19.9 28.4 30.9 14.4 -  
   
  2020 Q1 - 64.1 34.5 30.0 - - 29.9 32.2 - -  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES  
  2016 - 2020                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   South Korea   Taiwan   China   Vietnam  
   
  F.  Gross International Reserves     2016 80,692 94,525 116,362 171,853 246,575 358,898 371,102 434,204 3,010,517 36,906  
  (in million US dollars) 2017 81,570 102,446 130,196 202,562 279,900 409,072 389,267 451,500 3,139,949 49,497  
  2018 79,193 101,444 120,654 205,641 287,673 395,591 403,694 461,784 3,072,712 55,074  
  2019 Q1 83,613 103,005 124,539 212,183 295,830 412,871 405,253 464,078 3,098,761 61,996  
  Q2 84,932 102,722 123,823 215,808 273,943 429,837 403,072 466,969 3,119,234 63,900  
  Q3 85,582 103,003 124,332 220,531 272,239 433,707 403,320 469,489 3,092,431 68,812  
  Q4 87,855 103,700 129,183 224,327 279,450 459,863 408,816 478,126 3,107,924 77,955  
   
  2020 Q1 88,861 r 101,704 120,969 226,469 279,147 477,807 400,214 480,385 3,060,633 80,741 f
  Q2 90,943 d 102,500 d 130,544 e 237,246 e 301,773 d 481,078 d 407,311 e 484,515 e 3,101,692 e -  
   
  G.  Import Cover 7 2016 11.5 6.7 10.3 10.6 10.1 11.9 11.0 22.6 22.7 2.6  
         (Equivalent in months of goods)   2017 10.2 6.3 10.0 11.0 10.2 10.9 9.8 20.9 20.5 2.8  
  2018 8.4 5.6 7.7 9.9 9.3 9.3 9.1 19.5 17.3 2.8  
  2019 Q1 8.7 5.8 8.1 10.3 9.5 9.6 9.2 19.6 17.6 3.1  
  Q2 8.9 5.8 8.2 10.6 8.9 10.0 9.2 19.7 17.9 3.1  
  Q3 9.1 6.0 8.5 10.9 9.0 10.4 9.3 20.0 17.9 3.3  
  Q4 9.4 6.1 9.1 11.4 9.3 11.4 9.7 20.1 18.0 3.7  
   
  2020 Q1 9.9 r 6.0 8.6 11.5 9.3 12.1 9.6 20.0 17.8 3.8 f
  Q2 10.7 d 6.1 d 9.4 e 12.3 e 10.2 d 12.9 d 9.9 e 20.2 e 18.6 e -  
   
  H.  Exchange Rate  2016 47.49 4.15 13,308.71 35.28 1.38 67.17 1,160.84 32.33 6.64 21,932.41  
  Levels (local currency / US dollars) 2017 50.40 4.30 13,380.80 33.92 1.38 65.10 1,125.39 30.44 6.76 22,369.71  
  2018 52.66 4.03 14,237.76 32.30 1.35 68.40 1,100.56 30.44 6.61 22,601.86  
  2019 51.80 4.14 14,147.67 31.04 1.36 70.40 1,165.82 30.93 6.91 23,050.55  
  Q1 52.36 4.09 14,136.45 31.61 1.35 70.46 1,125.75 30.83 6.74 22,902.81  
  Q2 52.06 4.15 14,253.97 31.58 1.36 69.53 1,167.10 31.15 6.82 23,036.21  
  Q3 51.77 4.16 14,132.35 30.70 1.38 70.41 1,194.85 31.21 7.02 23,108.47  
  Q4 51.00 4.16 14,067.91 30.26 1.36 71.22 1,175.58 30.51 7.04 23,153.35  
   
  2020 Q1 50.83 4.18 14,234.32 31.30 1.39 72.45 1,194.02 30.15 6.98 23,201.97  
   
  (Growth rate in percent) 2016 4.4 6.2 -0.6 3.0 0.5 4.8 2.6 1.3 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  
  2018 4.5 -6.2 6.4 -4.7 -2.3 5.1 -2.6 -0.9 -2.1 1.0  
  2019 -1.6 2.6 -0.6 -3.9 1.1 2.9 -5.6 2.5 4.5 2.0  
  Q1 1.8 3.3 4.1 0.2 2.7 9.5 4.9 5.2 6.2 2.1  
  Q2 -0.7 6.7 2.0 -1.1 3.7 3.8 8.0 4.6 7.0 2.1  
  Q3 -3.3 2.8 -3.3 -6.8 -2.0 0.3 6.5 1.7 3.1 1.9  
  Q4 -4.1 0.1 -4.9 -7.8 -0.8 -1.1 4.2 -1.1 1.9 1.8  
   
  2020 Q1 -2.9 2.2 0.7 -1.0 2.3 2.8 6.1 -2.2 -3.3 1.3  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES  
  2016 - 2020                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   South Korea   Taiwan   China   Vietnam  
   
    III.  Money & Credit  
  (end of period)  
  A. Narrow Money 8 2016 15.1 5.7 17.3 4.8 7.7 -18.9 12.3 6.0 21.4 18.1  
  (Growth rate in percent) 2017 15.7 11.0 12.4 9.4 6.3 45.8 6.8 4.0 11.8 16.7  
  2018 9.5 1.1 4.8 2.8 0.4 12.7 1.9 5.7 1.5 9.8  
  2019 Q1 6.1 2.5 5.0 5.5 -0.3 13.6 3.2 6.9 4.6 4.3  
  Q2 5.5 3.7 4.2 6.8 3.7 11.3 3.5 7.4 -0.6 6.1  
  Q3 10.2 4.8 6.9 8.0 4.0 10.8 4.7 7.4 3.4 10.9  
  Q4 15.7 5.8 7.4 5.8 6.1 12.5 10.1 7.4 4.4 13.3  
   
  2020 Q1 23.6 7.9 15.4 9.2 13.6 11.2 14.6 7.0 5.0 -  
  Q2 26.4 p, d 9.6 d 8.4 d 10.5 d 18.6 d 15.3 e 17.4 d 7.5 d 5.5 d -  
   
  B. Broad Money 8 2016 12.8 3.0 10.1 4.2 7.7 6.2 7.1 4.1 11.3 17.9  
  (Growth rate in percent) 2017 11.9 4.8 8.3 5.0 3.2 10.0 5.1 3.6 8.2 14.3  
  2018 9.5 9.0 6.3 4.7 3.9 10.2 6.7 3.1 8.9 12.7  
  2019 Q1 6.1 5.5 6.5 3.8 4.8 10.5 6.9 3.1 8.6 10.9  
  Q2 6.6 5.1 6.8 3.3 5.4 10.1 6.9 3.0 8.5 10.5  
  Q3 7.6 3.9 7.1 4.7 4.9 9.6 7.2 3.4 8.4 12.2  
  Q4 11.5 3.5 6.5 3.6 5.2 10.4 7.9 4.1 8.7 13.6  
   
  2020 Q1 13.3 3.7 12.1 7.7 6.9 8.9 8.1 4.4 10.1 -  
  Q2 16.2 p, d 4.4 d 8.6 d 9.5 d 9.9 d 11.7 e 9.1 d 4.2 d 11.1 d -  
   
  C. Domestic Credit 8 2016 17.0 6.5 8.8 4.7 4.6 9.1 6.7 3.7 20.1 17.2  
  (Growth rate in percent) 2017 13.9 6.4 6.6 4.9 5.7 7.7 5.2 5.0 11.3 12.6  
  2018 14.9 10.7 11.1 4.8 5.6 12.4 6.5 - 10.4 10.6  
  2019 Q1 9.2 10.0 10.1 5.0 4.8 11.9 7.1 - 10.7 9.4  
  Q2 7.2 5.9 8.4 3.8 5.7 10.3 7.5 - 10.8 9.4  
  Q3 7.6 5.1 6.2 3.5 4.5 9.6 8.7 - 10.2 9.7  
  Q4 10.7 4.6 5.4 2.7 4.8 9.7 8.7 - 10.6 9.3  
   
  2020 Q1 11.9 5.7 7.3 3.3 4.8 7.3 9.7 - 12.2 9.2 f
  Q2 15.0 p, d 6.7 d 4.6 d 4.5 d 4.7 d 10.2 d 9.8 d 13.5 d -  
   
  (As percent of GDP) 2016 60.8 141.0 42.2 126.1 151.9 82.5 174.5 173.6 214.4 140.1  
  2017 63.3 136.7 41.0 124.4 149.7 79.9 174.1 178.9 214.0 141.9  
  2018 65.9 143.5 41.8 123.4 148.3 80.3 179.8 - 213.8 141.7  
  2019 Q1 63.4 142.6 40.7 123.2 148.8 82.5 183.0 - 218.0 142.1  
  Q2 63.6 142.1 40.9 121.7 150.6 81.4 186.6 - 217.5 143.2  
  Q3 64.8 142.0 40.9 121.4 150.8 82.0 190.4 - 218.7 141.7  
  Q4 68.2 143.7 41.2 123.0 154.2 82.1 192.9 - 219.3 142.2  
   
  2020 Q1 67.4 143.2 41.3 125.0 157.1 82.6 198.7 - 233.7 -  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES  
  2016 - 2020                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   South Korea   Taiwan   China   Vietnam  
   
  E.  Interest Rates  
  1. Time Deposit Rate 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 - 1.7 0.6 1.5 4.8  
  2018 3.2 3.1 6.1 1.3 0.2 - 2.0 0.6 1.5 -  
  2019 4.1 3.0 6.7 1.3 0.2 - 1.9 0.6 1.5 -  
  Q1 4.7 3.2 6.9 1.4 0.2 - 2.1 0.6 1.5 -  
  Q2 4.5 3.0 6.8 1.4 0.2 - 2.0 0.6 1.5 -  
  Q3 3.5 2.9 6.7 1.4 0.2 - 1.7 0.6 1.5 -  
  Q4 3.1 2.9 6.4 1.4 0.2 - 1.7 0.6 1.5 -  
   
  2020 Q1 2.2 c 2.7 6.2 1.1 0.2 - 1.6 0.5 1.5 -  
  Q2 - - - - 0.2 a - - 0.4 a 1.5 b -  
   
  2.  Lending Rate 2016 5.6 4.5 11.9 4.5 5.4 9.7 3.4 2.7 4.4 7.0  
               (All Maturities) 2017 5.5 4.6 11.0 4.4 5.3 9.5 3.5 2.6 4.4 7.1  
  2018 6.1 4.9 10.5 4.1 5.3 9.5 3.7 2.6 4.4 -  
  2019 7.1 4.9 10.4 4.1 5.3 9.5 3.4 2.6 4.4 -  
  Q1 7.1 5.0 10.5 4.2 5.3 9.5 3.7 2.6 4.4 -  
  Q2 7.3 5.0 10.4 4.1 5.3 9.5 3.6 2.6 4.4 -  
  Q3 7.2 4.8 10.3 4.1 5.3 9.5 3.3 2.6 4.4 -  
  Q4 6.8 4.7 10.2 4.0 5.3 9.4 3.2 2.6 4.4 -  
   
  2020 Q1 - 4.6 10.0 3.8 5.3 9.4 3.1 2.6 4.4 -  
  Q2 - - - - 5.3 a - - 2.6 a 4.4 b -  
   
  3.  T-Bill Rate 2016 1.50 2.43 - 1.41 0.77 6.74 - - - -  
  (91-day) 2017 2.15 3.08 - 1.35 1.11 6.20 - - - -  
  2018 3.54 - - 1.31 1.69 6.57 - - - -  
  2019 4.67 - - 1.56 - 5.81 - - - -  
  Q1 5.58 - - 1.65 2.01 6.46 - - - -  
  Q2 5.20 - - 1.71 1.99 6.21 - - - -  
  Q3 3.42 - - 1.56 - 5.53 - - - -  
  Q4 3.12 - - 1.32 - 5.03 - - - -  
   
  2020 Q1 3.16 - - 1.00 - 5.16 - - - -  
  Q2 2.80 a - - 0.62 b - 3.46 a - - - -  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES  
  2016 - 2020                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   South Korea   Taiwan   China   Vietnam  
  lV.  Fiscal Position (PHP mn) (MYR mn) (IDR bn) (THB mn) (SGD mn) (INR bn) (KRW bn) (TWD mn) (CNY bn) (VND bn)  
  A. Revenue 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 15,510 403,839 2,753,329 17,257 1,288,665  
  2018 2,850,184 233,496 1,943,536 3,036,858 77,117 16,036 438,262 - 18,335 1,424,914  
  2019 3,137,498 264,662 1,957,162 3,059,632 75,299 17,134 443,853 - 15,128 1,551,074  
  Q1 687,745 63,687 350,100 685,840 18,808 5,355 114,056 - 1,455 381,000  
  Q2 859,798 62,087 548,663 921,349 20,145 2,897 117,936 - 5,419 364,485  
  Q3 780,367 68,776 443,555 765,571 20,561 5,474 106,094 - 4,283 348,315  
  Q4 809,588 70,112 614,844 686,871 15,785 3,409 105,767 - 2,829 457,274  
   
  2020 Q1 775,202 45,322 375,948 660,107 17,773 5,728 160,405 - 1,075 391,000  
  Q2 - 19,237 b 173,561 b - - 275 b - - -216 b -  
   
  (As percent of GDP) 2016 14.5 17.0 12.5 19.1 15.4 9.2 21.3 15.7 37.6 24.5  
  2017 14.9 16.1 12.2 18.1 14.9 9.3 22.0 15.7 20.7 25.7  
  2018 15.6 16.1 13.1 18.6 15.3 8.6 23.1 - 19.9 25.7  
  2019 16.1 17.5 12.4 18.1 14.8 8.6 23.2 - 15.3 25.7  
  Q1 15.5 17.6 9.3 16.3 15.0 10.8 25.1 - 6.7 34.1  
  Q2 17.7 16.7 13.8 22.2 16.1 5.9 24.7 - 22.3 26.6  
  Q3 16.5 18.0 10.9 18.3 16.1 11.1 21.8 - 17.0 22.6  
  Q4 14.7 17.7 15.3 15.8 12.3 6.6 21.4 - 14.3 22.7  
   
  2020 Q1 17.3 12.3 9.6 15.8 14.5 10.8 35.0 - 5.2 -  
   
  B. Expenditure 2016 2,549,336 251,089 1,860,759 2,885,556 51,081 19,290 354,354 2,745,305 32,380 937,951  
  2017 2,823,769 260,727 2,004,247 2,888,896 54,884 22,085 379,809 2,778,361 20,333 1,016,152  
  2018 3,408,443 285,541 2,203,040 3,003,470 56,246 22,757 407,099 - 22,091 1,102,923  
  2019 3,797,734 313,706 2,310,220 2,889,539 57,987 25,890 455,850 - 20,556 1,159,001  
  Q1 777,990 70,800 452,068 730,246 19,751 4,794 173,583 - 2,532 268,879  
  Q2 812,200 77,398 582,453 661,522 9,882 7,217 139,107 - 6,491 278,231  
  Q3 1,036,708 78,364 560,178 687,688 13,071 7,669 94,148 - 5,507 290,704  
  Q4 1,170,836 87,144 715,521 810,083 15,284 6,210 91,218 - 2,785 321,187  
   
  2020 Q1 849,231 73,478 452,387 876,422 20,421 5,767 205,391 - 2,293 246,854  
  Q2 - 34,284 b 171,589 b - - 3,071 b - - 1,831 b -  
   
  (As percent of GDP) 2016 16.8 20.1 15.0 19.8 11.6 12.9 20.4 16.0 43.4 20.8  
  2017 17.1 19.0 14.7 18.7 11.6 13.3 20.7 15.9 24.4 20.3  
  2018 18.7 19.7 14.8 18.4 11.2 12.2 21.5 - 24.0 19.9  
  2019 19.5 20.8 14.6 17.1 11.4 12.9 23.8 - 20.7 46.9  
  Q1 17.6 19.6 11.9 17.3 15.7 9.7 28.9 - 11.6 24.1  
  Q2 16.7 20.9 14.7 16.0 7.9 14.6 29.1 - 26.8 40.0  
  Q3 21.9 20.5 13.8 16.6 10.2 15.5 19.4 - 21.8 54.4  
  Q4 21.3 22.0 17.8 18.7 11.9 12.0 18.4 - 21.7 58.5  
   
  2020 Q1 19.0 20.0 11.5 21.0 16.6 10.8 44.8 - 11.1 -  
   
48 SELECTED ECONOMIC INDICATORS                                              
  ASIAN COUNTRIES  
  2016 - 2020                                              
                                                 
        Philippines     Malaysia   Indonesia   Thailand   Singapore   India   South Korea   Taiwan   China   Vietnam  
   
  C. Overall Surplus/Deficit 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 24,030 -25,032 -4,851 272,513  
  2018 -558,259 -52,045 -259,504 33,388 20,871 -6,722 31,163 - -4,184 321,991  
  2019 -660,236 -49,044 -353,058 169,903 17,312 -8,756 -11,997 - -5,330 268,232  
  Q1 -90,245 -7,113 -101,968 -44,406 -943 561 -17,321 - -1,076 112,121  
  Q2 47,598 -15,311 -33,790 259,827 10,262 -4,321 -21,171 - -1,072 86,254  
  Q3 -256,341 -9,588 -116,623 77,883 7,491 -2,195 11,946 - -1,224 57,611  
  Q4 -361,248 -17,032 -100,676 -123,402 501 -2,802 14,549 - -2,056 136,087  
   
  2020 Q1 -74,029 -28,156 -76,439 -216,315 -2,648 -39 -44,986 - -1,218 144,146  
  Q2 - -15,047 b 1,972 b - - -2,795 b - -216 b  
   
  (As percent of GDP) 2016 -2.3 -3.1 -2.5 -0.7 3.8 -3.6 1.0 -0.3 -3.8 3.6  
  2017 -2.1 -2.9 -2.6 -0.6 3.2 -4.0 1.3 -0.1 -5.8 5.4  
  2018 -3.1 -3.6 -1.7 0.2 4.1 -3.6 1.6 - -4.6 5.8  
  2019 -3.4 -3.2 -2.2 1.0 3.4 -4.4 -0.6 - -5.4 4.4  
  Q1 -2.0 -2.0 -2.7 -1.1 -0.7 1.1 -3.8 - -4.9 10.0  
  Q2 1.0 -4.1 -0.9 6.3 8.2 -8.8 -4.4 - -4.4 6.3  
  Q3 -5.4 -2.5 -2.9 1.9 5.9 -4.4 2.5 - -4.9 3.7  
  Q4 -6.6 -4.3 -2.5 -2.8 0.4 -5.4 2.9 - -7.4 6.8  
   
  2020 Q1 -1.7 -7.7 -1.9 -5.2 -2.2 -0.1 -9.8 - -5.9 -  
     
                                               
  a April c January-February e End-May  
  b April-May d End-April f End-February  
   
1 Philippines - based on the revised and rebased to 2018 National Accounts of the Philippines  
2 Philippines - Figures used base year 2012.  
3 Per International Merchandise Trade Statistics  
4 Net FDI flows refer to non-resident placements less non-resident withdrawals of equity, reinvestment of earnings and other capital.  
5 Net FPI flows refer to non-resident placements less non-resident withdrawals of equity securities and debt securities.  
6 Philippine data were revised to reflect new treatment of Hybrid Tier 1 accounts beginning March 2006.  
7 Import cover refers to number of months of average imports of goods  
8 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).  
- 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 CEIC Data Limited                         
  Philippine Statistics Authority International Financial Statistics