48 SELECTED ECONOMIC INDICATORS                                              
ASIAN COUNTRIES
  2017 - 2021                                                
                                                 
        Philippines       Malaysia   Indonesia   Thailand   Singapore   India   South Korea   Taiwan   China   Vietnam  
                                                 
I. Real Sector
A. Real GDP Growth Rate 1 2017 6.9 5.8 5.1 4.2 3.9 6.1 - 3.1 6.9 6.8
(in percent) 2018 6.3 4.8 5.2 4.2 4.1 7.3 - 2.6 6.8 7.1
2019 6.1 4.5 5.0 2.3 1.3 4.8 - - 6.0 7.0
2020 -9.6 -5.6 -2.1 -6.1 -5.8 -6.9 -0.8 - 2.0 2.9
Q1 -0.7 0.7 3.0 -2.0 . 3.0 1.7 - -6.8 3.7
Q2 -17.0 -17.2 -5.3 -12.1 -13.3 -24.4 -2.5 - 3.2 0.4
Q3 -11.6 -2.7 -3.5 -6.4 -5.8 -7.3 -0.8 - 4.9 2.7
Q4 -8.3 -3.4 -2.2 -4.2 -2.4 0.4 -1.2 - 6.5 4.5
2021 Q1 -4.2 -0.5 -0.7 - 0.2 - 1.7 - 18.3 4.5
B. Nominal GDP Growth Rate 1 2017 9.4 9.8 9.6 6.2 7.7 11.1 8.2 1.9 11.5 11.2
(in percent) 2018 10.3 5.5 9.2 5.7 7.0 12.3 6.1 5.0 10.5 10.7
2019 6.9 4.5 6.7 3.2 0.7 6.7 -4.6 3.0 7.3 8.9
2020 -8.1 -6.4 -2.5 -7.1 -8.2 -3.1 -0.7 3.7 3.0 4.2
Q1 0.4 1.4 3.7 -1.5 -1.6 8.8 -5.0 1.1 -5.3 6.7
Q2 -15.0 -18.8 -7.0 -14.7 -15.6 -22.2 -5.9 -1.0 3.1 1.2
Q3 -11.1 -3.7 -4.2 -7.7 -9.3 -4.2 1.4 6.5 5.5 3.5
Q4 -6.3 -4.5 -2.2 -4.6 -6.1 5.3 6.4 7.7 7.0 5.5
2021 Q1 -2.3 0.9 1.2 - - - - - 21.2 -
C. Inflation Rate 2 2017 2.9 3.8 - 0.7 0.6 3.3 1.9 0.6 1.6 -
(in percent) 2018 5.2 1.0 - 1.1 0.4 4.0 1.5 1.4 2.1 -
2019 2.5 0.7 - 0.7 0.6 3.7 0.3 . 2.9 -
2020 2.6 -1.1 - -0.8 -0.2 6.6 0.5 -0.2 2.5 -
Q1 2.7 0.9 - . 0.4 6.7 1.2 0.5 5.0 -
Q2 2.3 -2.6 - -2.7 -0.7 6.6 -0.1 -1.0 2.7 -
Q3 2.5 -1.4 - -0.6 -0.3 6.9 0.6 -0.5 2.6 -
Q4 3.1 -1.5 - -0.4 -0.1 6.4 0.4 . 0.1 -
2021 Q1 4.5 0.5 1.4 -1.7 b 0.8 4.9 1.1 0.8 . -
Q2 4.5 a - 1.4 a - - - 2.3 a 2.1 a 0.9 a -
D. Unemployment rate 2017 5.7 3.4 - 1.2 2.2 - 3.7 3.8 3.9 2.2
(in percent) 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
2020 10.3 p 4.5 - 1.7 3.0 - 4.0 3.8 4.0 -
Q1 5.3 3.5 - 1.1 2.2 - 3.7 3.7 3.7 -
Q2 17.6 5.1 - 2.0 3.8 - 4.1 4.0 3.8 -
Q3 10.0 4.7 - 1.9 3.2 - 3.8 3.9 4.2 -
Q4 8.7 4.8 - 1.9 2.8 - 4.3 3.7 4.2 -
2021 Q1 8.7 p - - - 2.6 - 4.4 3.7 - -
Q2 - - - - - - 3.7 a - - -
48 SELECTED ECONOMIC INDICATORS                                                
ASIAN COUNTRIES
  2017 - 2021                                                
                                                   
        Philippines       Malaysia   Indonesia   Thailand   Singapore   India   South Korea   Taiwan   China      
II. External Transactions 3
A. Trade  (in million US dollars) 2017 68,713 217,839 168,828 236,635 373,241 299,152 573,694 317,249 2,280,358 215,119
1. Exports 2018 69,307 247,409 180,013 252,957 411,760 324,690 604,860 334,007 2,501,334 243,697
2019 70,927 238,189 167,683 246,269 390,341 324,208 542,233 329,157 2,498,570 264,268
2020 65,215 r 234,024 163,307 231,468 374,379 276,195 512,789 345,211 2,597,571 282,629
Q1 16,313 r 57,148 41,761 62,725 96,588 75,087 130,190 78,623 477,117 63,398
Q2 13,393 r 48,676 34,627 51,698 82,922 51,335 110,340 79,338 620,621 59,367
Q3 17,484 r 62,067 40,759 58,653 95,613 74,109 130,131 90,047 712,648 79,776
Q4 18,024 r 66,134 46,161 58,392 99,255 75,664 142,127 97,202 787,184 80,088
2021 Q1 17,556 p 69,346 48,913 64,148 107,339 89,524 146,487 97,948 710,008 78,395
Q2 - - - - - 30,210 a - 34,964 a 263,924 a 25,500 a
(Growth rate in percent) 2017 19.7 15.0 16.8 9.9 10.4 13.1 15.8 12.5 6.7 21.8
2018 0.9 13.6 6.6 6.9 10.3 8.5 5.4 5.9 9.7 13.3
2019 2.3 -3.7 -6.8 -2.6 -5.2 -0.1 -10.4 -1.5 -0.1 8.4
2020 -8.1 r -1.7 -2.6 -6.0 -4.1 -14.8 -5.4 4.9 4.0 6.9
Q1 -1.6 r -1.0 1.2 1.0 1.7 -12.7 -1.9 3.7 -13.5 7.8
Q2 -25.6 r -17.8 -12.5 -15.2 -14.5 -36.5 -20.3 -2.4 0.1 7.8
Q3 -6.2 r 4.6 -6.5 -7.8 -1.9 -5.3 -3.4 6.0 8.9 10.7
Q4 1.7 r 6.8 6.7 -2.0 -1.7 -4.3 4.2 11.7 17.0 15.0
2021 Q1 7.6 p 21.3 10.4 2.3 11.1 19.2 12.5 24.6 48.8 23.7
Q2 - - - - - 197.1 a - 38.7 a 31.8 a 44.9 a
2. Imports 2017 96,093 195,149 156,986 221,519 327,693 449,794 478,478 257,200 1,842,334 213,007
2018 112,841 217,509 188,711 248,201 370,504 513,687 535,202 284,792 2,133,135 236,869
2019 111,593 205,012 170,727 236,260 358,984 485,179 503,343 285,651 2,068,950 253,393
2020 89,812 r 189,803 141,568 206,992 329,217 370,579 467,549 285,817 2,060,115 262,691
Q1 24,762 r 48,302 39,169 58,181 87,434 110,525 121,493 69,032 464,614 59,586
Q2 16,318 r 42,240 31,734 44,751 72,564 61,264 108,364 67,099 465,940 57,314
Q3 24,065 r 47,709 32,777 48,730 82,457 88,258 114,033 70,983 554,395 68,980
Q4 24,666 r 51,553 37,888 55,329 86,761 110,533 123,659 78,703 575,166 76,810
2021 Q1 25,557 p 54,945 43,351 63,632 93,321 130,877 136,101 83,578 592,952 75,572
Q2 - - - - - 45,450 a - 28,786 a 221,064 a 27,000 a
(Growth rate in percent) 2017 14.2 15.9 15.7 14.1 12.3 24.4 17.8 11.6 15.9 21.9
2018 17.4 11.5 20.2 12.0 13.1 14.2 11.9 10.7 15.8 11.2
2019 -1.1 -5.7 -9.5 -4.8 -3.1 -5.5 -6.0 0.3 -3.0 7.0
2020 -19.5 r -7.4 -17.1 -12.4 -8.3 -23.6 -7.1 0.1 -0.4 3.7
Q1 -8.0 r -0.8 -3.7 -2.9 0.4 -9.2 -1.9 3.3 -2.3 3.8
Q2 -41.9 r -18.6 -23.5 -23.8 -19.5 -52.6 -15.8 -4.6 -9.3 -9.7
Q3 -16.1 r -7.0 -25.4 -18.6 -7.4 -25.2 -8.7 -1.7 3.6 3.7
Q4 -11.6 r -3.1 -15.1 -4.2 -6.4 -4.8 -1.7 3.1 5.7 16.3
2021 Q1 3.2 p 13.8 10.7 9.4 6.7 18.4 12.0 21.1 27.6 26.8
Q2 - - - - - 165.9 a - 26.4 a 42.7 a 43.6 a
48 SELECTED ECONOMIC INDICATORS                                                
ASIAN COUNTRIES
  2017 - 2021                                                
                                                   
        Philippines       Malaysia   Indonesia   Thailand   Singapore   India   South Korea   Taiwan   China   Vietnam  
3. Trade Balance 2017 -27,380 22,689 11,843 15,116 45,548 -150,642 95,216 58,287 233,471 -1,555
2018 -43,533 29,900 -8,699 4,756 41,256 -188,997 69,657 49,216 368,199 6,828
2019 -40,666 33,177 -3,044 -1,677 31,357 -160,971 38,890 43,506 111,689 10,874
2020 -24,597 r 44,223 21,739 1,024 45,162 -94,384 45,240 59,394 131,265 19,938
Q1 -8,449 r 8,847 2,592 4,544 9,155 -35,438 8,697 9,591 12,504 3,812
Q2 -2,925 r 6,436 2,893 6,947 10,358 -9,928 1,976 11,826 154,680 2,052
Q3 -6,581 r 14,363 7,982 9,923 13,155 -14,149 16,098 18,962 158,253 10,796
Q4 -6,642 r 14,583 8,272 3,063 12,494 -34,869 18,468 18,487 212,018 3,278
2021 Q1 -8,001 p 14,401 5,562 516 14,018 -41,353 10,385 14,371 117,056 2,823
Q2 - - - - - -15,240 a - 6,179 a 42,860 a -1,500 a
(As percent of GDP)* 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 11.0 -6.9 4.0 8.1 2.6 2.8
2019 -10.8 r 9.1 -0.3 -0.3 8.4 -5.7 2.4 7.1 0.8 4.2
2020 -6.8 r 13.1 2.1 0.2 13.3 -4.4 2.8 9.0 0.9 7.4
Q1 -9.7 r 10.1 0.9 3.4 10.2 -4.9 2.3 6.2 0.4 7.4
Q2 -3.6 r 9.2 1.2 6.3 13.8 -1.9 0.5 8.0 4.4 3.4
Q3 -7.7 r 16.4 3.0 8.1 15.5 -2.2 3.9 11.1 4.1 15.7
Q4 -6.2 r 15.8 3.0 2.3 13.7 -4.7 4.1 10.0 4.7 3.6
2021 Q1 -8.9 p 15.8 2.0 - - - - - 3.0 -
B. Current Account 
1. Current Account Balance   2017 -2,143 8,960 -16,196 43,952 59,327 -38,168 75,231 83,093 195,117 -1,651
(in million US dollars) 2018 -8,877 8,028 -30,633 28,423 57,861 -65,599 77,467 70,843 24,131 5,769
2019 -3,047 r 12,301 -30,279 38,206 53,389 -29,763 59,676 65,161 102,910 13,138
Q1 -1,728 r 4,137 -6,550 11,536 12,587 -4,628 10,550 17,123 22,298 2,007
Q2 -785 r 3,458 -8,199 4,311 14,264 -14,977 10,622 17,428 19,813 -224
Q3 -192 r 2,904 -7,481 10,775 13,872 -7,553 19,955 13,648 30,634 6,136
Q4 -342 r 1,802 -8,048 11,584 12,667 -2,605 18,549 16,962 30,165 5,219
2020 12,979 p 14,857 -4,739 16,298 59,829 33,007 75,276 94,276 273,980 -
Q1 225 p 2,274 -3,605 9,824 14,207 584 12,931 16,857 -40,454 4,153
Q2 4,415 p 1,747 -2,938 1,314 14,482 19,022 6,108 20,523 97,320 -323
Q3 4,166 p 6,217 1,008 6,610 16,568 15,124 24,002 29,562 93,349 8,368
Q4 4,173 p 4,619 795 -1,449 14,572 -1,724 32,235 27,334 123,765 -
2021 Q1 - - - - - - 22,818 - 75,100 -
(As percent of GDP)* 2017 -0.7 2.8 -1.6 9.6 17.3 -1.5 4.6 14.5 1.6 -0.7
2018 -2.6 2.2 -2.9 5.6 15.4 -2.4 4.5 11.6 0.2 2.4
2019 -0.8 r 3.4 -2.7 7.0 14.3 -1.1 3.6 10.7 1.0 5.0
Q1 -2.0 r 4.7 -2.4 8.6 13.5 -0.7 2.6 11.5 0.7 4.1
Q2 -0.8 r 3.9 -2.9 3.3 15.4 -2.1 2.6 11.8 0.6 -0.4
Q3 -0.2 r 3.2 -2.6 7.9 14.9 -1.1 4.9 8.9 0.9 9.2
Q4 -0.3 r 1.9 -2.8 8.1 13.2 -0.4 4.4 10.5 0.8 6.0
2020 3.6 p 4.4 -0.4 3.2 17.6 1.5 4.6 14.2 1.9 -
Q1 0.3 p 2.6 -1.3 7.4 15.9 0.1 3.4 11.0 -1.4 8.1
Q2 5.4 p 2.5 -1.2 1.2 19.3 3.7 1.6 13.5 2.8 -0.5
Q3 4.9 p 7.1 0.4 5.4 19.6 2.4 5.8 17.1 2.4 12.2
Q4 3.9 p 5.0 0.3 -1.1 16.0 -0.2 7.2 14.8 2.8 -
2021 Q1 - - - - - - - - 2.0 -
48 SELECTED ECONOMIC INDICATORS                                                
ASIAN COUNTRIES
  2017 - 2021                                                
                                                   
        Philippines       Malaysia   Indonesia   Thailand   Singapore   India   South Korea   Taiwan   China   Vietnam  
C. Financial Account 
1. Net Foreign Direct Investments Flows 4 2017 10,256 9,368 20,510 8,285 100,875 39,966 17,913 3,401 166,084 14,100
(in million US dollars) 2018 9,949 8,306 18,910 13,186 83,190 42,117 12,183 7,114 235,365 15,500
2019 8,671 r 9,103 24,994 4,817 120,353 50,611 9,634 8,240 155,815 16,120
Q1 2,000 r 5,471 6,733 438 20,220 9,790 1,548 1,353 47,589 3,220
Q2 2,057 r 638 7,371 1,934 29,281 17,194 2,824 1,404 34,299 3,970
Q3 1,809 r 592 5,862 3,291 32,730 10,393 385 1,603 17,655 4,080
Q4 2,805 r 2,403 5,028 -846 38,122 13,233 4,877 3,880 56,272 4,850
2020 6,542 p 4,107 19,103 -4,764 87,427 64,352 9,224 8,802 212,476 -
Q1 1,638 p 1,235 4,970 2,789 20,396 15,185 2,364 1,362 34,306 3,020
Q2 1,411 p 38 4,932 -225 24,826 2,108 1,053 839 33,869 3,740
Q3 2,008 p 1,508 4,095 -5 19,683 27,084 1,047 3,041 58,126 4,080
Q4 1,485 p 1,326 5,106 -7,323 22,522 19,974 4,760 3,561 86,175 -
2021 Q1 1,569 p, b - - - - - 2,405 - - -
(Growth rate in percent) 2017 23.9 -30.4 351.6 137.7 48.4 -10.1 48.0 -64.9 -5.0 11.9
2018 -3.0 -11.3 -7.8 59.2 -17.5 5.4 -32.0 109.2 41.7 9.9
2019 -12.8 r 9.6 32.2 -63.5 44.7 20.2 -13.3 15.8 -20.5 4.0
Q1 -9.4 r 79.0 24.3 -89.1 -11.9 13.8 -52.2 -32.4 -34.2 3.9
Q2 -43.9 r -42.4 78.7 -2.4 48.5 31.0 -26.4 -56.0 -31.5 9.4
Q3 -21.4 r -58.1 -13.8 5.6 30.0 3.7 75.8 329.8 -25.0 5.2
Q4 58.1 r -12.0 95.8 -120.7 148.3 27.7 13.0 150.8 13.7 -0.8
r
2020 -24.6 p -54.9 -23.6 -198.9 -27.4 27.2 -4.3 6.8 13.5 -
Q1 -18.1 p -77.4 -26.2 539.4 0.9 55.1 52.6 0.6 -36.4 -6.2
Q2 -31.4 p -94.1 -33.1 -113.8 -15.2 -87.7 -62.7 -40.2 -19.8 -5.8
Q3 11.0 p 154.9 -30.1 -100.2 -39.9 160.6 171.9 89.7 126.4 .
Q4 -47.0 p -44.8 1.6 -817.8 -40.9 50.9 -2.4 -8.2 31.9 -
2021 Q1 20.6 p, b - - - - - 1.8 - - -
2. Net Foreign Portfolio Investments Flows 5 2017 -796 1,158 24,255 9,401 21,648 30,638 17,473 3,958 124,301 1,889
(in million US dollars) 2018 3,292 -8,855 14,483 -3,911 -14,468 -9,598 21,611 84,028 160,381 3,021
2019 4,876 r 3,095 21,581 -946 4,246 24,584 17,262 46,401 147,366 2,995
Q1 3,223 r 3,674 5,402 -1,291 1,326 9,436 5,130 12,763 35,652 495
Q2 1,889 r -1,620 4,588 2,578 4,492 4,843 14,829 10,440 26,405 1,162
Q3 1,214 r -1,605 4,644 -3,685 -1,834 2,476 4,829 21,957 44,179 1,373
Q4 -1,449 r 2,646 6,946 1,452 263 7,829 -7,526 1,241 41,130 -35
2020 5,285 p 1,887 5,081 -7,725 -210 15,112 17,056 58,543 254,662 -
Q1 -1,252 p -6,272 -6,013 -7,281 3,797 -13,745 -2,688 22,033 -1,683 -1,333
Q2 1,194 p 5,613 9,956 -1,490 -1,069 642 7,151 17,270 66,013 554
Q3 1,779 p -563 -1,669 -747 -3,349 6,998 9,050 17,309 79,578 -16
Q4 3,564 p 3,108 2,807 1,793 410 21,217 3,543 1,911 110,754 -
2021 Q1 - - - - - - 16,588 - - -
(Growth rate in percent) 2017 -201.9 209.6 44.6 534.6 84.3 748.4 563.5 -8.9 146.1 3,835.4
2018 513.4 -864.9 -40.3 -141.6 -166.8 -131.3 23.7 2,023.0 29.0 59.9
2019 48.1 r 135.0 49.0 75.8 129.3 356.1 -20.1 -44.8 -8.1 -0.9
Q1 -2,852.8 r 78.8 1,735.1 46.4 109.2 314.6 -49.7 -57.2 -18.6 -29.2
Q2 -418.1 r -82.8 238.0 -145.7 242.7 159.5 78.7 -54.9 -59.5 -27.0
Q3 -20.5 r -80.4 246.0 -240.3 -147.5 253.1 -46.6 76.0 2.1 2,396.4
Q4 -158.6 r 538.4 -39.5 -9,648.7 132.4 470.9 -26.8 -93.3 409.6 -105.2
2020 8.4 p -39.0 -76.5 -716.8 -105.0 -38.5 -1.2 26.2 72.8 -
Q1 -138.9 p -270.7 -211.3 -467.2 186.4 -245.7 -152.4 72.8 -104.7 -369.3
Q2 -36.8 p 446.4 117.0 -168.5 -123.8 -86.7 -51.8 65.4 150.0 -52.3
Q3 46.6 p 64.9 -135.9 77.6 -82.5 182.6 87.4 -21.2 80.1 -101.2
Q4 345.9 p 17.5 -59.6 30.8 56.1 171.0 147.1 54.0 169.3 -
2021 Q1 - - - - - - 717.2 - - -
48 SELECTED ECONOMIC INDICATORS                                                
ASIAN COUNTRIES
  2017 - 2021                                                
                                                   
        Philippines       Malaysia   Indonesia   Thailand   Singapore   India   South Korea   Taiwan   China   Vietnam  
D. Overall Balance of Payments 2017 -863 10,631 11,586 25,957 4,734 37,649 9,221 - - 12,544
(in million US dollars) 2018 -2,306 - -7,131 7,266 12,719 -4,265 -849 - - 6,031
2019 7,843 - -3,882 13,583 -8,361 54,866 -480 - - 23,254
2020 16,022 - 2,597 18,353 -17,888 102,692 2,180 - - -
Q1 -68 - -8,545 4,479 5,049 18,794 2033 - - -3,116
Q2 4,177 - 9,245 10,963 32,061 19,846 -5,171 - - -2,005
Q3 2,769 - 2,053 3,297 10,390 31,568 1,711 - - -5,259
Q4 9,144 - -156 -385 10,584 32,483 3,606 - - -
2021 Q1 -2,844 - - - - - -71 - - -
E. External Debt  6 2017 73.1 217.9 352.5 155.9 1475.2 513.0 412.0 181.9 1758.0 109.2
Levels (in billion US dollars) 2018 79.0 221.8 375.4 163.1 1512.3 521.2 441.2 195.0 1982.8 112.1
2019 Q1 80.4 219.6 386.2 163.4 1545.5 543.1 441.0 195.0 1989.5 -
Q2 81.3 224.5 388.7 167.2 1567.0 556.9 462.8 187.2 2015.5 -
Q3 82.7 220.1 393.4 167.7 1567.2 557.6 460.2 191.9 2049.5 -
Q4 83.6 227.1 403.6 171.9 1561.1 564.0 467.0 184.7 2070.8 -
2020 Q1 81.4 233.5 388.9 165.3 1721.5 558.2 489.2 195.0 2094.6 -
Q2 87.5 231.9 408.7 171.7 1599.3 554.9 506.7 199.3 2132.4 -
Q3 92.0 227.1 408.7 171.6 1612.0 556.7 514.3 190.8 2294.4 -
Q4 98.5 233.4 417.5 190.0 1641.6 563.5 544.9 189.9 2400.8 -
(As percent of GDP)* 2017 22.3 68.2 34.7 34.2 429.7 20.1 25.4 31.6 14.3 48.8
2018 22.8 63.9 36.0 32.2 402.2 19.1 25.6 33.1 14.1 45.7
2019 Q1 22.9 61.2 36.7 31.9 410.2 20.1 25.8 33.3 14.3 -
Q2 22.7 62.5 36.5 32.3 416.5 20.3 27.5 32.2 14.4 -
Q3 22.6 61.0 36.1 31.6 417.3 20.1 27.8 32.9 14.6 -
Q4 22.2 62.2 36.1 31.6 417.0 19.9 28.4 30.9 14.5 -
2020 Q1 21.4 64.0 34.5 30.4 463.8 19.4 30.1 32.2 15.0 -
Q2 23.7 67.3 37.3 32.8 455.3 20.8 31.6 32.4 15.3 -
Q3 25.3 66.7 38.1 33.7 471.7 21.4 32.0 29.8 16.1 -
Q4 27.2 69.1 39.4 37.8 482.1 21.6 33.3 28.6 16.3 -
48 SELECTED ECONOMIC INDICATORS                                                
ASIAN COUNTRIES
  2017 - 2021                                                
                                                   
        Philippines       Malaysia   Indonesia   Thailand   Singapore   India   South Korea   Taiwan   China   Vietnam  
F.  Gross International Reserves     2017 81,570 102,446 130,196 202,562 279,900 409,072 389,267 451,500 3,139,949 49,497
(in million US dollars) 2018 79,193 101,444 120,654 205,641 287,673 395,591 403,694 461,784 3,072,712 55,074
2019 87,840 103,622 129,183 224,327 279,450 459,863 408,816 478,126 3,107,924 77,955
2020 Q1 88,861 101,704 120,969 226,469 279,147 477,807 400,214 480,385 3,060,633 81,302
Q2 93,470 103,407 131,718 241,583 312,497 505,702 410,754 488,691 3,112,328 83,367
Q3 100,443 104,981 135,153 251,053 328,022 544,687 420,545 499,598 3,142,562 88,351
Q4 110,117 107,604 135,897 258,134 362,305 585,771 443,098 529,911 3,216,522 94,436
2021 Q1 104,484 108,618 137,095 245,535 379,754 576,984 446,127 539,044 3,170,029 97,709 d
Q2 107,254 p, c 110,800 c 138,799 c - 385,709 c - 452,310 c 541,110 c 3,198,180 c -
G.  Import Cover* 7 2017 10.2 6.3 10.0 11.0 10.2 10.9 9.8 20.9 20.5 2.8
       (Equivalent in months of goods)   2018 8.4 5.6 7.7 9.9 9.3 9.3 9.1 19.5 17.3 2.8
2019 9.4 6.1 9.1 11.4 9.3 11.4 9.7 20.1 18.0 3.7
2020 Q1 9.7 6.0 8.6 11.6 9.3 12.1 9.6 20.0 17.8 3.8
Q2 11.5 6.4 9.9 12.2 11.0 15.0 10.3 20.6 18.6 4.0
Q3 13.0 6.6 10.7 14.4 11.7 17.4 10.7 21.1 18.8 4.2
Q4 14.7 6.8 11.5 15.0 13.2 19.0 11.4 22.2 18.7 4.3
2021 Q1 13.8 6.6 11.3 13.9 13.6 17.7 11.3 21.5 17.4 4.3 d
Q2 14.2 p, c 6.8 c 11.4 c - 13.8 c - 11.3 c 21.2 c 17.0 c -
H.  Exchange Rate  2017 50.40 4.30 13,380.80 33.92 1.38 65.10 1,125.39 30.44 6.76 22,369.71
Levels (local currency / US dollars) 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
2020 49.62 4.20 14,582.20 31.29 1.38 74.11 1,179.90 29.60 6.90 23,208.40
Q1 50.83 4.18 14,234.32 31.30 1.39 72.45 1,194.02 30.15 6.98 23,201.97
Q2 50.46 4.32 14,989.86 31.95 1.41 75.84 1,220.77 30.01 7.08 23,244.65
Q3 48.94 4.20 14,718.29 31.33 1.37 74.34 1,187.59 29.48 6.91 23,212.80
Q4 48.27 4.11 14,386.35 30.60 1.35 73.81 1,117.21 28.77 6.62 23,174.20
2021 Q1 48.28 4.07 14,173.80 30.27 1.33 72.91 1,114.13 28.39 6.48 23,157.24
Q2 48.46 a 4.12 a 14,558.18 a - 1.33 a 74.52 a 1,118.32 a 28.26 a 6.52 a 23,203.13 a
(Growth rate in percent) 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
2020 -4.2 1.5 3.1 -0.8 1.1 5.3 1.3 -4.3 -0.1 0.7
Q1 -2.9 2.2 0.7 -1.0 2.3 2.8 6.1 -2.2 3.5 1.3
Q2 -3.1 4.3 5.2 1.2 3.6 9.1 4.6 -3.7 3.9 0.9
Q3 -5.5 0.8 4.1 1.7 -0.3 5.6 -0.6 -5.6 -1.5 0.5
Q4 -5.4 -1.4 2.3 -0.8 -1.2 3.6 -5.0 -5.7 -6.0 0.1
2021 Q1 -5.0 -2.7 -0.4 -0.7 -3.9 0.6 -6.7 -5.8 -7.2 -0.2
Q2 -4.5 a -5.4 a -8.3 a - -6.3 a -2.2 a -8.7 a -6.1 a -7.8 a -0.2 a
48 SELECTED ECONOMIC INDICATORS                                                
ASIAN COUNTRIES
  2017 - 2021                                                
                                                   
        Philippines       Malaysia   Indonesia   Thailand   Singapore   India   South Korea   Taiwan   China   Vietnam  
  III.  Money & Credit
(end of period)
A. Narrow Money 8 2017 15.7 11.0 12.4 9.4 6.3 45.8 6.8 4.0 11.8 16.7
(Growth rate in percent) 2018 9.5 1.1 4.8 2.8 0.4 12.7 1.9 5.7 1.5 9.8
2019 15.7 5.8 7.4 5.7 6.1 12.5 10.1 7.4 4.4 13.3
2020 Q1 23.5 7.9 15.4 9.2 13.6 11.2 14.6 7.0 5.0 -
Q2 25.6 p 13.1 8.2 14.4 23.4 17.7 22.2 9.9 6.5 -
Q3 22.8 r 18.2 18.0 14.4 28.4 18.6 28.4 12.1 8.1 -
Q4 21.2 r 15.7 18.5 14.2 32.8 19.6 25.7 16.2 8.6 -
2021 Q1 13.9 p 19.0 10.8 12.8 28.2 16.1 24.6 18.2 7.1 -
Q2 - - - - - 16.2 c - - - -
B. Broad Money 8 2017 11.9 4.8 8.3 5.0 3.2 10.0 5.1 3.6 8.2 14.3
(Growth rate in percent) 2018 9.5 9.0 6.3 4.7 3.9 10.2 6.7 3.1 8.9 12.7
2019 11.5 3.5 6.5 3.6 5.2 10.4 7.9 4.1 8.7 13.6
2020 Q1 12.8 3.7 12.1 7.7 6.9 8.9 8.1 4.4 10.1 -
Q2 14.5 5.6 8.2 10.9 10.7 12.3 9.6 5.4 11.1 -
Q3 12.2 r 6.4 12.3 9.7 10.6 12.2 9.8 7.1 10.9 -
Q4 9.6 r 4.0 12.4 10.1 12.8 12.4 9.8 8.4 10.1 -
2021 Q1 8.3 p 6.1 6.9 5.3 10.4 11.7 11.3 8.9 9.4 -
Q2 - - - - - 10.6 c - - - -
C. Domestic Credit 8 2017 13.9 6.4 6.6 4.9 5.7 7.7 5.2 5.0 11.3 11.3
(Growth rate in percent) 2018 14.9 10.7 11.1 4.8 5.6 12.4 6.5 - 10.4 8.7
2019 10.7 4.6 5.4 2.7 4.8 9.7 8.7 - 10.6 7.8
2020 Q1 11.3 5.7 7.3 3.3 4.8 7.3 9.7 - 12.2 -
Q2 12.5 7.1 3.5 6.6 3.7 10.7 10.0 - 13.3 -
Q3 8.1 r 7.6 3.7 6.4 3.5 8.4 9.2 - 13.3 -
Q4 4.6 r 5.9 3.5 7.4 2.7 8.5 9.3 - 12.3 -
2021 Q1 5.6 p 5.2 -0.2 8.2 2.6 11.4 9.1 - 10.6 -
Q2 - - - - - 9.2 c - - - -
(As percent of GDP)* 2017 63.3 136.6 41.0 124.4 149.1 79.9 174.1 178.9 214.0 141.5
2018 65.9 143.4 41.8 123.4 147.2 80.0 179.8 - 213.8 140.3
2019 68.2 143.5 41.2 122.8 153.3 82.3 192.9 - 220.3 141.7
2020 Q1 67.1 145.3 41.3 125.1 155.8 82.8 198.7 - 234.7 -
Q2 71.8 155.4 41.5 133.4 163.0 90.6 204.7 - 239.4 -
Q3 73.4 r 159.2 43.5 136.4 166.9 91.6 207.1 - 241.5 -
Q4 77.7 r 162.3 43.8 142.0 171.4 92.2 210.2 - 240.2 -
2021 Q1 77.7 p 163.5 42.6 - - - - - 238.9 -
48 SELECTED ECONOMIC INDICATORS                                                
ASIAN COUNTRIES
  2017 - 2021                                                
                                                   
        Philippines       Malaysia   Indonesia   Thailand   Singapore   India   South Korea   Taiwan   China   Vietnam  
E.  Interest Rates
1. Time Deposit Rate 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 -
2020 - - 5.5 0.7 0.2 - 1.2 0.4 1.5 -
Q1 2.2 b 2.7 b 6.2 1.0 0.2 - 1.5 0.5 1.5 -
Q2 - - 5.8 0.6 0.2 - 1.2 0.4 1.5 -
Q3 - - 5.4 0.5 0.2 - 0.9 0.4 1.5 -
Q4 - - 4.6 0.4 0.1 - 1.0 0.4 1.5 -
2021 Q1 - - 4.2 b 0.5 b 0.1 - 1.0 b 0.4 1.5 -
Q2 - - - - - - - 0.4 a - -
2.  Lending Rate 2017 5.5 4.6 11.0 4.4 5.3 9.5 3.5 2.6 4.4 7.1
             (All Maturities) 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 -
2020 - - 9.5 3.3 5.3 9.2 2.8 2.5 4.4 -
Q1 - 4.6 b 10.0 3.8 5.3 9.4 3.1 2.6 4.4 -
Q2 - - 9.6 3.2 5.3 9.2 2.8 2.5 4.4 -
Q3 - - 9.4 3.1 5.3 9.1 2.7 2.4 4.4 -
Q4 - - 9.3 3.1 5.3 9.0 2.7 2.4 4.4 -
-
2021 Q1 - - 9.2 b 3.1 b 5.3 8.8 b 2.7 b 2.4 4.4 -
Q2 - - - - - - - 2.4 a - -
3.  T-Bill Rate 2017 2.15 3.08 - 1.35 1.11 6.20 - - - -
(91-day) 2018 3.54 - - 1.31 1.69 6.57 - - - -
2019 4.67 - - 1.56 - 5.81 - - - -
2020 2.02 - - 0.60 - 3.75 - - - -
Q1 3.16 - - 1.00 - 5.16 - - - -
Q2 2.52 - - 0.51 - 3.44 - - - -
Q3 1.26 - - 0.47 - 3.30 - - - -
Q4 1.05 - - 0.44 - 3.08 - - - -
2021 Q1 1.02 - - 0.39 - 3.29 - - - -
Q2 1.33 a - - 0.32 a - 3.34 a - - - -
48 SELECTED ECONOMIC INDICATORS                                                
ASIAN COUNTRIES
  2017 - 2021                                                
                                                   
        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 2017 2,473,132 220,407 1,656,891 2,707,314 70,225 15,510 403,839 2,753,329 17,257 1,288,665
2018 2,850,184 233,496 1,943,536 3,079,112 77,117 16,036 438,262 - 18,335 1,424,914
2019 3,137,498 264,662 1,957,162 3,023,487 75,299 17,134 443,853 - 15,128 1,551,074
2020 2,855,959 225,076 1,633,595 2,734,434 105,734 16,945 446,628 - 14,766 1,507,845
Q1 763,072 45,322 375,948 695,648 17,783 5,728 111,402 - 1,075 391,000
Q2 690,246 56,450 435,242 629,313 8,660 1,536 99,352 - 5,019 277,675
Q3 690,115 46,402 347,805 819,664 17,164 4,118 119,610 - 4,483 697,660
Q4 712,526 76,902 474,607 589,809 18,520 5,563 116,264 - 4,189 141,510
2021 Q1 696,455 49,527 378,815 609,484 - 2,914 b 46,259 b - 1,531 403,700
(As percent of GDP)* 2017 14.9 16.1 12.2 17.5 14.8 9.3 22.0 15.7 20.7 25.7
2018 15.6 16.1 13.1 18.8 15.2 8.6 23.1 - 19.9 25.7
2019 16.1 17.5 12.4 17.9 14.7 8.6 23.2 - 15.3 25.7
2020 15.9 15.9 10.6 17.4 22.5 11.2 23.2 - 14.5 24.0
Q1 17.2 12.3 9.6 16.7 14.3 11.0 24.3 - 5.2 32.8
Q2 16.7 18.7 11.8 17.7 8.2 3.9 21.0 - 20.2 20.1
Q3 16.4 12.6 8.9 21.2 14.8 8.7 24.4 - 16.9 43.7
Q4 13.8 20.3 12.1 14.3 15.1 10.2 23.1 - 14.1 6.7
2021 Q1 16.0 13.4 9.5 - - - - - 6.1 -
B. Expenditure 2017 2,823,769 260,727 2,004,247 2,834,775 54,884 22,085 379,809 2,291,999 20,333 1,016,152
2018 3,408,443 285,541 2,203,040 2,984,241 56,246 22,757 407,099 - 22,091 1,102,923
2019 3,797,734 313,706 2,310,220 3,019,209 57,987 25,890 455,850 - 20,556 1,159,001
2020 4,227,406 312,802 2,589,890 3,581,260 68,660 28,569 455,850 - 21,324 1,075,302
Q1 849,231 73,478 452,386 799,376 20,421 5,767 156,693 - 2,293 281,509
Q2 1,164,497 81,021 616,557 985,076 14,835 8,159 104,391 - 6,113 291,993
Q3 1,008,922 74,057 772,160 800,460 16,049 6,635 149,741 - 5,877 271,005
Q4 1,204,756 84,246 748,788 996,348 17,347 8,007 106,956 - 7,040 230,795
2021 Q1 1,017,927 86,543 523,042 766,551 - 5,385 b 105,212 b - 2,297 281,135
(As percent of GDP)* 2017 17.1 19.0 14.7 18.3 11.6 13.3 20.7 13.1 24.4 20.3
2018 18.7 19.7 14.8 18.2 11.1 12.2 21.5 - 24.0 19.9
2019 19.5 20.7 14.6 17.9 11.4 13.0 23.8 - 20.8 19.2
2020 23.6 22.1 16.8 22.8 14.6 18.9 27.0 - 21.0 17.1
Q1 19.1 20.0 11.5 19.2 16.5 11.0 34.2 - 11.1 23.6
Q2 28.2 26.8 16.7 27.8 14.0 21.0 22.1 - 6.2 21.1
Q3 24.0 20.1 19.8 20.7 13.8 14.0 30.5 - 5.9 17.0
Q4 23.4 22.2 19.1 24.1 14.1 14.7 21.3 - 6.9 10.9
2021 Q1 23.4 23.3 13.2 - - - - - 9.2 -
48 SELECTED ECONOMIC INDICATORS                                                
ASIAN COUNTRIES
  2017 - 2021                                                
                                                   
        Philippines       Malaysia   Indonesia   Thailand   Singapore   India   South Korea   Taiwan   China   Vietnam  
C. Overall Surplus/Deficit 2017 -350,637 -40,320 -347,357 -93,846 15,342 -6,575 24,030 461,330 -3,076 272,513
2018 -558,259 -52,045 -259,504 94,871 20,871 -6,722 31,163 - -3,756 321,991
2019 -660,236 -49,044 -353,058 4,278 17,312 -8,756 -11,997 - -5,330 268,232
2020 -1,371,447 -87,726 -956,295 -846,826 -6,533 -11,624 -71,153 - -6,558 132,252
Q1 -86,159 -28,156 -76,439 -103,728 -2,647 -39 -45,291 - -1,218 109,491
Q2 -474,251 -24,571 -181,321 -355,763 -6,175 -6,624 -5,039 - -1,094 -14,318
Q3 -318,807 -27,655 -424,355 19,204 1,116 -2,516 -30,131 - -1,395 426,655
Q4 -492,230 -7,344 -274,181 -406,539 1,174 -2,445 9,308 - -2,851 -89,285
2021 Q1 -321,472 -37,016 -144,228 -157,067 - -2,471 b -12,694 b - -766 122,565
(As percent of GDP)* 2017 -2.1 -2.9 -2.6 -0.6 3.2 -4.0 1.3 2.6 -3.7 5.4
2018 -3.1 -3.6 -1.7 0.6 4.1 -3.6 1.6 - -4.1 5.8
2019 -3.4 -3.2 -2.2 . 3.4 -4.4 -0.6 - -5.4 4.4
2020 -7.6 -6.2 -6.2 -5.4 -1.4 -7.7 -3.8 - -6.5 4.3
Q1 -1.9 -7.7 -1.9 -2.5 -2.1 -0.1 -9.9 - -5.9 9.2
Q2 -11.5 -8.1 -4.9 -10.0 -5.8 -17.0 -1.1 - -4.4 -1.0
Q3 -7.6 -7.5 -10.9 0.5 1.0 -5.3 -6.1 - -5.3 26.7
Q4 -9.5 -1.9 -7.0 -9.8 1.0 -4.5 1.9 - -9.6 -4.2
2021 Q1 -7.4 -10.0 -3.6 - - - - - -3.1 -
   
                                               
a April c End-April
b January-February d 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).
* BSP staff estimates
- 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