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 6.2 2.9 2.2 7.8 5.4  
                    (in percent) 2014 6.1 r 6.0 5.0 0.9 3.6 6.9 3.3 4.0 7.3 6.0  
  2015 6.1 r 5.0 4.9 2.9 1.9 7.5 2.6 0.7 6.9 6.7  
  Q1 5.1 r 5.7 4.8 3.1 2.4 6.8 2.4 4.0 7.0 6.1  
  Q2 6.0 r 4.9 4.7 2.9 2.0 7.8 2.2 0.7 7.0 6.5  
  Q3 6.4 r 4.7 4.8 3.0 2.1 8.4 2.8 -0.7 6.9 6.6  
  Q4 6.7 r 4.5 5.2 2.7 1.3 6.9 3.1 -0.8 6.8 7.2  
   
  2016 6.9 r 4.2 5.0 3.2 2.0 7.5 2.1 1.5 6.7 6.2  
  Q1 6.9 r 4.2 4.9 3.1 1.9 8.6 2.8 -0.2 6.7 5.6  
  Q2 7.1 r 4.0 5.2 3.6 1.9 7.2 2.2 1.1 6.7 5.6  
  Q3 7.1 r 4.3 5.0 3.2 1.2 7.4 1.1 2.1 6.7 6.6  
  Q4 6.6 4.5 4.9 3.0 2.9 7.0 2.3 2.9 6.8 6.8  
   
        B.  Nominal GDP Growth Rate  2013 9.3 4.9 10.8 4.6 4.8 13.0 3.8 3.7 10.2 10.4  
                    (in percent) 2014 9.5 r 8.6 10.7 2.2 3.1 11.5 4.0 5.8 8.2 9.9  
  2015 5.4 r 4.6 9.1 3.6 4.5 9.4 4.8 4.0 7.0 6.5  
  Q1 5.4 r 4.3 8.9 3.2 5.5 9.0 4.2 8.7 7.4 6.9  
  Q2 5.8 r 4.1 9.5 3.0 5.0 10.5 4.8 3.6 7.7 6.4  
  Q3 4.8 r 4.9 9.0 4.3 4.8 9.4 5.3 2.8 6.6 6.7  
  Q4 5.7 r 5.0 9.1 3.7 2.9 8.7 5.0 1.2 6.4 6.1  
   
  2016 8.7 r 6.2 7.6 5.0 0.5 11.1 4.7 2.1 8.0 7.4  
  Q1 7.7 4.9 7.4 4.2 0.0 11.3 4.3 1.5 7.0 5.1  
  Q2 8.9 r 5.4 7.2 5.6 0.1 10.8 4.9 1.9 7.3 6.1  
  Q3 9.4 r 6.6 7.1 5.2 -0.6 11.8 4.7 1.9 7.8 8.0  
  Q4 8.7 r 7.9 8.6 5.2 2.6 10.6 5.0 3.1 9.6 9.2  
   
        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 4.1 a 3.6 -4.8 0.6 a 3.4 a 2.0 a 1.1 a 1.7 a 5.1 a
   
   
        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 - - 3.9 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 b 3.9 4.0 2.3  
   
  2017 Q1 6.6 - - 1.2 a - - - 3.8 a - -  
   
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 $) 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 56,313 189,575 144,433 215,327 338,084 264,251 495,426 280,321 2,136,595 176,728  
  Q1 13,109 44,076 33,603 53,829 76,645 64,956 115,187 62,656 464,144 38,780  
  Q2 13,723 46,857 35,965 51,308 86,088 65,930 126,024 68,629 534,001 43,411  
  Q3 14,858 48,278 34,848 55,330 86,121 66,177 121,853 71,274 557,732 46,422  
  Q4 14,622 50,364 40,019 54,859 89,229 67,523 132,361 77,762 580,718 48,115  
   
  (Growth rate in %) 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 -4.3 -5.2 -4.0 0.5 -5.5 -1.2 -5.9 -1.8 -6.4 9.1  
  Q1 -8.4 -12.9 -14.2 0.9 -16.0 -7.8 -13.7 -12.1 -9.7 6.6  
  Q2 -6.6 -7.3 -8.5 -4.1 -5.9 -1.6 -6.7 -6.2 -4.4 5.1  
  Q3 -3.9 -2.0 -5.3 1.2 -1.8 -0.8 -5.0 0.1 -6.7 9.3  
  Q4 1.8 1.9 13.9 3.8 1.9 6.2 1.8 11.7 -5.2 14.9  
   
             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 80,834 168,540 135,182 194,668 291,910 360,997 406,193 229,829 1,589,460 174,191  
  Q1 18,597 38,339 32,213 45,640 67,688 83,596 93,830 50,514 338,408 37,278  
  Q2 20,149 42,371 33,820 47,084 73,018 85,305 99,304 56,781 390,559 43,195  
  Q3 20,759 43,847 32,700 49,814 72,607 91,337 102,464 59,374 413,478 44,421  
  Q4 21,328 43,983 36,449 52,129 78,597 100,759 110,595 64,219 447,015 49,298  
   
  (Growth rate in %) 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 13.7 -4.2 -5.3 -3.9 -5.3 -8.3 -6.9 -3.1 -5.4 5.2  
  Q1 8.8 -14.3 -12.3 -12.0 -11.5 -13.3 -16.0 -14.2 -13.3 -4.4  
  Q2 27.3 -5.9 -9.1 -8.4 -8.4 -14.6 -10.1 -7.7 -6.7 2.6  
  Q3 7.7 -0.1 -3.9 -1.2 -6.5 -10.8 -5.1 -0.4 -4.7 4.1  
  Q4 13.0 4.1 5.0 6.5 5.9 5.9 4.1 11.5 2.1 18.0  
   
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 -24,521 21,035 9,252 20,659 46,174 -96,410 89,233 50,492 547,135 -210  
  Q1 -5,488 5,737 1,389 8,189 8,957 -18,639 21,358 12,240 125,736 1,503  
  Q2 -6,426 4,486 2,145 4,224 13,070 -19,376 26,720 11,870 143,442 216  
  Q3 -5,900 4,431 2,148 5,516 13,514 -25,159 19,389 12,048 144,254 2,001  
  Q4 -6,706 6,381 3,570 2,730 10,633 -33,236 21,766 13,596 133,702 -1,182  
   
                As % 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 -8.1 7.1 1.0 5.1 15.5 -4.4 6.3 9.4 4.9 -0.1  
  Q1 -7.9 8.3 0.6 8.2 12.5 -3.4 6.7 9.6 5.1 3.9  
  Q2 -8.3 6.0 0.9 4.2 17.6 -3.6 7.6 9.3 5.2 0.5  
  Q3 -8.0 5.8 0.9 5.4 18.1 -4.5 5.2 8.9 5.0 3.8  
  Q4 -8.0 8.4 1.5 2.6 14.0 -5.9 5.9 9.8 4.3 -1.8  
   
      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 $) 2014 10,756 14,846 -27,510 15,100 60,809 -27,315 84,373 61,849 236,047 9,360  
  2015 7,266 r 8,960 -17,519 32,149 53,695 -22,395 105,940 75,180 304,164 906  
  Q1 1,906 r 3,130 -4,314 10,142 14,469 -625 23,222 21,557 76,048 -1,341  
  Q2 2,959 r 2,222 -4,279 4,552 11,065 -6,119 26,951 15,845 76,420 691  
  Q3 959 r 1,150 -4,224 6,213 14,226 -8,539 28,246 18,310 67,879 479  
  Q4 1,442 r 2,458 -4,703 11,241 13,935 -7,112 27,520 19,468 83,818 1,077  
   
  2016 601 p 5,986 -16,347 46,412 56,656 - 98,774 70,938 196,380 -  
  Q1 730 p 1,198 -4,651 17,852 11,323 -318 25,350 19,496 45,238 2,632  
  Q2 141 p 470 -5,203 8,391 15,641 -277 26,337 16,971 65,101 2,242  
  Q3 763 p 1,482 -4,680 10,380 16,833 -3,429 21,510 16,170 74,231 3,499  
  Q4 -1,032 p 2,836 -1,812 9,789 12,860 - 25,578 18,301 11,810 -  
   
                         As % 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 r 3.0 -2.0 8.1 18.1 -1.1 7.7 14.3 2.8 0.5  
  Q1 2.8 r 4.1 -2.0 9.7 19.4 -0.1 6.9 16.2 3.1 -3.6  
  Q2 4.0 r 2.9 -2.0 4.5 14.7 -1.2 7.6 12.1 2.8 1.5  
  Q3 1.4 r 1.6 -2.0 6.5 19.5 -1.7 8.3 14.0 2.4 1.0  
  Q4 1.8 r 3.5 -2.2 11.4 18.8 -1.4 7.9 14.9 2.8 1.8  
   
  2016 0.2 p 2.0 -1.8 11.4 19.1 - 7.0 13.4 1.8 -  
  Q1 1.1 p 1.7 -2.1 17.9 15.8 -0.1 7.9 15.3 1.8 6.8  
  Q2 0.2 p 0.6 -2.3 8.4 21.0 -0.1 7.5 13.3 2.4 4.8  
  Q3 1.0 p 1.9 -1.9 10.1 22.5 -0.6 5.8 12.0 2.6 6.6  
  Q4 -1.2 p 3.7 -0.8 9.3 16.9 - 7.0 13.2 0.4 -  
   
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 $) 2014 5,740 10,619 25,121 4,975 73,993 34,577 9,274 2,839 268,097 9,200  
  2015 5,639 10,963 19,779 9,004 70,553 44,009 6,607 2,413 249,859 11,800  
  Q1 876 2,358 5,712 2,480 19,799 10,487 996 1,067 68,467 2,270  
  Q2 1,106 4,980 7,258 3,417 15,237 11,448 113 288 63,245 2,580  
  Q3 2,516 1,609 2,873 718 18,062 8,157 2,275 806 44,054 2,300  
  Q4 1,140 2,016 3,936 2,389 17,455 13,916 720 252 74,092 4,650  
   
  2016 7,933 p 12,571 3,762 3,286 61,632 - 10,827 8,333 - -  
  Q1 1,337 p 3,552 3,934 2,022 11,934 11,384 42 716 41,133 2,860  
  Q2 2,847 p 2,280 4,457 2,239 16,437 5,897 3,903 500 33,652 2,980  
  Q3 1,667 p 3,535 6,062 -3,005 15,628 14,004 3,090 203 26,194 3,010  
  Q4 2,082 p 3,204 -10,690 2,875 17,633 - 3,791 6,914 - -  
   
  2017 Q1 685 p, c - - - - - - - - -  
   
  (Growth rate in %) 2013 16.2 27.0 9.8 23.5 21.4 17.3 34.4 12.2 20.6 6.4  
  2014 53.6 -6.0 7.9 -68.8 24.0 22.8 -27.4 -21.1 -7.8 3.4  
  2015 -1.7 3.2 -21.3 81.0 23.8 27.3 -28.8 -15.0 -6.8 28.3  
  Q1 -35.6 25.4 16.7 -21.9 26.6 7.2 -70.6 11.5 11.7 6.2  
  Q2 -29.6 29.0 9.1 91.0 20.3 38.0 -92.8 -49.7 17.5 9.2  
  Q3 75.0 -39.7 -64.2 -69.5 24.7 -7.6 12.6 -2.4 -31.3 3.6  
  Q4 -16.8 -8.9 -29.1 -289.2 23.5 81.3 -68.5 -47.9 -16.6 87.5  
   
  2016 40.7 p 14.7 -81.0 -63.5 20.8 - 163.8 245.3 - -  
  Q1 52.6 p 50.6 -31.1 -18.5 16.6 8.6 -95.8 -32.9 -39.9 26.0  
  Q2 157.3 p -54.2 -38.6 -50.4 22.1 -48.5 3360.5 73.6 -46.8 15.5  
  Q3 -33.8 p 119.7 111.0 -560.6 20.9 71.7 35.8 -74.8 -40.5 31  
  Q4 82.6 p 58.9 -371.6 -561 23 - 426.7 2,643.7 - -  
   
  2017 Q1 13.2 p, c - - - - - - - - -  
   
            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 $) 2014 -3 - 23,480 -4,695 5,848 37,740 9,208 13,055 101,292 93  
  2015 -2,128 r - 17,680 -12,691 -4,089 9,487 10,021 -858 313,543 -65  
  Q1 1,345 r - 8,484 -1,609 -1,110 12,452 2,711 4,720 68,467 -53  
  Q2 -2,248 r - 6,287 -2,857 -1,834 -50 9,152 3,193 63,245 160  
  Q3 -1,479 r - -1,519 -4,119 -795 -3,469 -11,200 -8,357 44,054 -79  
  Q4 254 r - 4,428 -4,106 -350 554 -8,314 -414 74,092 -93  
   
  2016 -264 p - 16,686 2,176 3,886 - -3,298 2,643 - -  
  Q1 -958 p - 4,607 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 - 4,604 5,304 2,484 6,050 4,291 2,869 21,541 361  
  Q4 -109 p - -399 -5,299 -770 - -5,787 -6,120 - -  
   
  (Growth rate in %) 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 r - -24.7 -170.3 -169.9 -74.9 8.8 -106.6 209.5 -169.9  
  Q1 185.6 r - 2.7 -4.1 -219.0 34.5 177.3 -3.3 11.7 -541.7  
  Q2 -290.4 r - -30.4 -651.3 -201.7 -100.4 43.1 -66.3 17.5 -48.6  
  Q3 -324.5 r - -124.9 -2016.2 -239.3 -135.5 -348.8 166.3 -31.3 61.2  
  Q4 193.6 r - 6420.4 -9.5 -109.1 -91.2 -557.4 -122.6 -16.6 -48.6  
  r  
  2016 87.6 p - -5.6 117.1 195.0 - -132.9 408.0 - -  
  Q1 -171.2 p - -45.7 261.0 31.3 -112.4 -252.8 -15.1 -127.5 -24.5  
  Q2 116.3 p - 25.3 85.3 260.0 4310.5 -74.4 -41.0 -62.9 93.1  
  Q3 129.5 p - 403.1 228.8 412.4 274.4 138.3 134.3 -51.1 557.0  
  Q4 -143.0 p - -109.0 228.8 -120.4 - 30.4 -1378.3 - -  
   
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 $) 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 - - - - -  
  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 - - - - -  
   
  2017 Q1 -445 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 $) 2014 77.7 213.9 293.3 140.7 1346.8 458.2 424.3 177.9 895.5 3.4  
  2015 Q1 75.3 206.4 299.1 137.0 1344.8 474.7 415.9 171.6 1673.2 -  
  Q2 75.0 209.8 305.0 136.5 1329.3 482.0 420.5 181.1 1680.1 -  
  Q3 75.6 191.8 302.2 133.7 1303.2 480.5 408.0 173.5 1529.8 -  
  Q4 77.5 194.4 310.2 129.4 1281.4 479.2 396.1 159.0 1416.2 -  
   
  2016 Q1 77.6 206.4 316.9 133.9 1317.0 485.0 389.2 159.7 1331.5 -  
  Q2 77.7 205.9 323.8 143.1 1315.8 479.5 392.8 163.2 1356.3 -  
  Q3 76.6 213.8 327.3 139.3 1323.9 484.2 400.2 171.8 1399.0 -  
  Q4 74.8 210.4 316.9 131.4 1316.8 456.1 380.9 172.2 1420.7 -  
   
               ( As % 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 64.1 34.4 33.3 435.1 23.5 29.8 33.7 15.6 -  
  Q3 25.9 61.5 34.8 33.0 432.8 23.3 29.5 32.6 14.0 -  
  Q4 26.5 65.4 36.0 32.4 431.6 23.1 28.8 30.3 12.9 -  
   
  2016 Q1 26.5 71.3 36.6 33.9 447.5 23.2 28.6 30.7 12.1 -  
  Q2 26.2 71.8 36.9 36.3 448.3 22.7 28.9 31.6 12.3 -  
  Q3 25.4 73.3 36.2 34.8 448.5 22.4 28.8 33.0 12.6 -  
  Q4 24.5 70.9 34.0 32.3 443.4 20.7 - 32.5 12.7 -  
   
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 $) 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 94,564 116,362 171,853 246,575 358,898 371,102 434,204 3,010,517 -  
   
  2017 Q1 80,873 p 95,000 d 119,863 d 183,002 d 253,350 d 364,259 d 373,909 d 437,661 d 3,005,124 d -  
   
       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 13.7 6.9 9.3 10.6 9.9 11.3 10.6 22.6 23.7 2.3  
  Q2 13.3 7.0 9.8 11.2 10.2 11.9 10.9 23.2 24.0 2.6  
  Q3 13.2 7.0 10.4 11.3 10.6 12.6 11.3 23.4 24.0 2.7  
  Q4 12.0 6.7 10.3 10.6 10.1 11.9 11.0 22.6 22.7 -  
   
  2017 Q1 11.9 p 6.7 d 10.5 d 11.2 d 10.2 d 11.8 d 10.7 d 22.7 d 22.0 d -  
   
      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/$) 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 - 1.42 - 1153.18 - 6.88 -  
  \  
  (Growth rate in %) 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 - 0.8 - -4.1 - 5.2 -  
   
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 rate in %) 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 f
   
  2017 Q1 15.1 p, d 5.5 d 15.5 d 7.7 d 8.4 d -13.7 d 11.8 e - 21.4 d -  
   
         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 rate in %) 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 12.7 3.0 7.1 4.2 7.7 6.6 7.1 3.6 11.3 19.2 f
   
  2017 Q1 12.6 p, d 3.7 d 9.3 d 3.8 d 7.7 d 6.5 d 5.7 e 3.5 d 11.1 d -  
   
         C.  Domestic Credits   2013 10.6 10.9 18.8 7.9 11.6 14.4 3.6 - 15.1 13.9  
  (Growth rate in %) 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 f
   
  2017 Q1 15.8 p, d 7.0 d 6.6 d 3.4 d 7.2 d 9.8 e 5.4 e - 17.9 e -  
   
                 As % of GDP 2013 51.9 136.6 41.2 123.0 153.9 87.6 171.8 - 155.7 108.2  
  2014 55.8 139.5 41.4 127.1 160.3 84.9 178.0 - 167.2 113.8  
  2015 Q1 54.7 140.2 40.8 127.8 158.5 84.7 179.3 - 173.7 115.4  
  Q2 54.8 139.1 41.3 126.7 158.8 85.0 182.2 - 180.0 118.6  
  Q3 56.3 141.6 39.9 126.2 155.9 84.1 182.7 - 185.4 121.3  
  Q4 59.1 143.0 41.7 128.4 156.6 85.0 182.7 - 193.4 128.3  
   
  2016 Q1 59.6 142.2 41.1 128.0 158.3 84.8 184.4 - 203.7 130.1  
  Q2 60.1 142.1 41.6 127.3 159.2 85.5 185.2 - 210.2 133.9  
  Q3 60.8 142.0 40.7 125.7 160.0 86.6 185.5 - 212.8 133.5  
  Q4 63.5 143.3 42.2 126.7 162.9 83.8 - - 215.0 -  
   
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 -  
  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 b
   
  2017 Q1 1.7 2.9 c 6.7 a 1.4 a 0.2 a - - 0.4 a 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 -  
  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 b
   
  2017 Q1 5.4 a 4.5 c 11.3 a 6.3 a 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 2.18 - - 1.45 a 0.83 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 1,443 169,130 - 4,319 220,120  
  Q3 519,242 56,253 322,045 735,524 17,888 3,877 255,649 - 3,481 236,880  
  Q4 503,979 56,037 518,256 652,876 14,477 2,938 339,186 - 3,780 313,870  
   
  2016 2,195,914 211,354 1,554,378 - 67,969 13,836 - - 15,955 1,039,000  
  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 1,855 191,219 - 4,662 246,335  
  Q3 545,779 56,295 446,513 763,325 18,843 3,942 286,369 - 3,589 241,475  
  Q4 549,180 58,768 473,188 250,253 b 15,372 3,888 345,276 g - 3,815 320,680  
   
  2017 Q1 200,314 c 30,730 a 87,867 c - - 1,789 a - - 3,145 a -  
   
          (As % 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 - 16.6 9.4 - - 21.4 23.1  
  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 - 14.3 10.2 - - 18.1 21.9  
   
          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 4,310 193,025 - 4,447 222,054  
  Q3 558,540 60,975 496,988 669,401 11,123 4,796 274,137 - 4,337 217,462  
  Q4 600,116 73,171 557,497 692,722 12,289 4,035 339,351 - 5,511 232,749  
   
  2016 2,549,336 251,089 1,860,759 - 51,081 19,290 - - 18,784 946,854  
  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 5,118 199,282 - 5,121 233,822  
  Q3 639,166 58,093 440,495 683,315 11,510 5,159 278,183 - 4,679 228,186  
  Q4 688,899 63,951 554,909 417,860 b 13,057 4,420 324,266 g - 5,188 268,377  
   
  2017 Q1 198,092 c 45,483 d 133,259 c - - 2,833 a - - 2,486 a -  
   
          (As % 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 - 12.5 13.1 - - 25.2 21.0  
  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 - 12.2 11.6 - - 24.6 18.3  
   
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 -37,136 -306,381 - 16,888 -5,454 - - -2,829 92,146  
  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 -2,584 -81,721 -167,607 c 2,315 -533 3,756 g - -1,373 52,303  
   
  2017 Q1 2,222 c -14,753 a -45,392 c - - -1,044 a - - 659 a -  
   
                   As % 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 - 4.1 -3.7 - - -3.8 2.0  
  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 -3.1 - -2.5 1.2  
  Q3 -2.7 -0.6 0.2 2.2 7.3 -3.3 2.0 - -5.7 1.1  
  Q4 -3.4 -1.3 -2.6 - 2.2 -1.4 - - -6.5 3.6  
                                                 
                                                 
  a January-February c January e End-January g End-November    
  b October d End-February f End-October  
   
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