2006

Macroeconomic Indicators
Real GDP (YOY%)
CPI Inflation (YOY%)
Worker's Remittances (YOY%)
Exports (YOY%)
Imports (YOY%)
FX Rate (PHP/USD) - End Period
Base Money (M1) (YOY%)
Broad Money (M3) (YOY%)
Balance of Payments (USD billion)
Current Account (CA)
CA (%GDP)
Foreign Direct Investment (FDI), Net
Net FDI (% GDP)
Portfolio Investment, Net
External Debt
International Reserves (Excluding Gold)
Govt Credit Indicators
O/N Borrowing Rate (%)
10-year Govt Bond Rate (%)
Fiscal Balance (USD billion)
Fiscal Balance (% GDP)
Total LCY Bonds (USD billion)
Government
Treasury Bills
Treasury Bonds
Others
Corporate
FCY Govt Bonds (USD billion)
Other Govt FCY Debt (USD billion)

2007

2008 2009 2010 2011F

5.3
7.1
3.8 0.9 7.3
6.2
2.8
9.3 3.2 3.8
19.4 13.2 13.7 5.6 8.2
15.6
6.4 -2.5
33.7
10.9
8.7
5.6
26.9
49.01 41.25 47.52 47.8 43.8
24.7 15.2 20.9 14.1 10.6
22.7 10.6 15.6 8.3 10.6
5.3
4.5
2.9
2.4
3
53.4

7.1
4.9
2.9
1.8
4.6
54.9

3.6 8.6
2.2 5.3
1.4 1.3
0.9 0.8
-3.8 1.4
53.9 53.3

20

30.2

33.2

7.5
8.55
-0.9
-1.1
46.5
45
13.5
30
1.5
1.4
20.9
13.8

6.5
7.15
-0.6
-0.2
58
54.5
14.9
37.9
1.7
3.5
21.8
14.9

5.5
8.3
-4.3
-0.9
56.9
52.4
16.3
34.4
1.8
4.5
21.4
16.7

7.5
4

8-Jul

4.2
11.4
30
8.8
12.7
44.96
8
5.1

12.3
24.6
4.4
16
44.17
8.9
4.1

0.2

-0.5
2

0.1

0.3
0.3

-1.2

-0.7
54.8

36 55.4
4.31
7.99
-6.2
-3.9
63.2
55.5
13.5
39.9
2.2
7.6
23.9
17.9

8-Jun 2Q08

4
6.1
-6.9
-3.7
72.8
64.3
12
49.3
3
8.4

-6.3
-3.2

32.7

33

5.75
9.43
0

5.5
9.66
-0.3

16.5
34.3
1.8
4.1
21.5
15.5

17.4
35
1.8
4.1

DISCLAIMER:
The ADB provides no warranty or undertaking of any kind in respect to the information and materials found on, or linked to,
Views expressed in articles marked with AsianBondsOnline are those of the authors, and not ADB. This disclaimer does not d

8-Aug 8-Sep 3Q08

8-Oct 8-Nov 8-Dec 4Q08

4.6

2.9

12.4 11.8
10.4 16.9
6.6
1.1
1.1
2.5
45.93 47.05
12.6 17.9
9.8 13.5
-0.2

0.1

0.1

0.2

-0.2

-0.2

11.2
9.9
8
3.3 10.5
0.8
-14.8 -11.4 -40.3
-11.1 -31.5 -34.2
48.93 48.93 47.52
18.2 21.3 20.9
13.1 14.6 15.6
0.6

0.6

-0.1

0.1

-0.7

-1.1

-0.3

-1.3

Macroeconomic and Credit Indicators - Republic of

9-Jan 9-Feb 9-Mar 1Q09 9-Apr 9-May 9-Jun 2Q09
0.6
7.1
7.3
6.4
0.1
4.9
3.1
-40.6
-39 -30.7
-34.5 -31.9 -36.2
47.38 48.8 48.33
23.9 23.8 19.3
16.1 14.6 15.6
0.3

0.6

0.4

0.2

-0.3

1.4

-0.9

-1.2

5.3

0.6

4.8
3.3
1.5
2.2
3.7
3.3
-35.2 -26.9 -24.5
-37.4 -24.1 -22.6
48.35 47.38 48.14
19.8
19.4 18.1
13.7
15.1 12.6
0.8

0.8

0.6

0.6

0.4

-0.1

-0.4

0.7

-0.3

5.1

53.5

0.8

5.6

0.2

54.3

0.6

52.5

51.8

33.2

32.8

32.4

32.4

33.2

34.7

34.2

34.5

34.9

34.7

34.8

5.25
8.06
0

5
8.14
-0.5

5
9.48
-0.2

5
9.45
-0.1

5.25
7.44
0

5.75
7.49
-0.8

6
8.08
-0.6

6
8.16
-1.1

6
8.13
0.2

5.5
7.95
-0.2

5
8.11
-0.6

15.6
33
1.7
4.1

56.7
52.2
16.2
34.3
1.8
4.4
21.3
16.7

56.6
52
15.7
34.5
1.8
4.6
22.7
16.7

53.2
48.6
14.9
31.9
1.7
4.6
22.5
15.8

55.9
51
15.9
33.4
1.7
4.9
21.9
16.2

57.4
51.6
15.6
34.1
1.9
5.8
22.1
16.5

58.8
52.7
15.4
35.4
1.9
6.1
22.1
16.5

57.3
51.1
14.1
35.1
1.9
6.2
22
16.5

16.7
34.1
1.7
4.1

16.2
33.7
1.8
4
21.4
15.4

15.4
32.7
1.7
4.1

ials found on, or linked to, AsianBondsOnline. The ADB accepts no responsibility for the accuracy of the material posted or linked to the p
This disclaimer does not derogate from, and is in addition to, the general terms and conditions regarding the use of the AsianBondsOnlin

it Indicators - Republic of Philippines

9-Jul 9-Aug 9-Sep 3Q09

9-Oct 9-Nov 9-Dec 4Q09 10-Jan 10-Feb 10-Mar 1Q10 10-Apr 10-May

0.8
0.2
9.3
-25.4
-31.2
48.06
19.7
12.9

0.1
0.7
2.8
8.6
-20.9 -18.1
-28.3 -24.5
48.8 47.34
21 19.1
13.4 11.6

0.6

0.5

0.8

0.4

-0.1

0.5

-0.6

0.3

2.1
1.6
2.8
4.4
6.7 11.3 11.4
-7.6
5.8 24.2
-16.8
5 18.2
47.63 47.21 46.16
17.2 16.6 14.1
12.5
12
8.3
1.1

0.9

0.8

0.1

0.1

0.2

0.8

4.6

7.8
4.3
8.5
42.5
30.3
46.5
15.5
8.1

4.2
7.1
42.5
27.6
46.13
15.8
9.9

4.4
5.6
43.8
38.9
45.17
17
10.3

4.4
5.4
28.2
46
44.46
17.6
12.5

4.3
6.5
37.3
31.4
46.25
18.1
10.7

0.3

0.7

0.8

0.5

0.8

0.2

0.3

0.1

0.1

-0.5

-0.1

-0.6

0.1

5.8

0.2

4.3

0.2

53.1

0.2

54.9

57

35.3

36.7

37.5

37.9

38.5

38.8

40.2

40.2

39.6

40.6

41

4.75
8.01
-0.7

4.5
7.98
-0.5

4.25
8.03
-0.6

4
7.95
-0.6

4
7.93
-0.1

4
8.11
-0.6

4
8.09
-0.8

4
7.98
-0.7

4
8.04
-1.4

4
8.11
0.1

4
8
-0.7

68.1
60
13
43.6
3.4
8.1
24.8
17.6

66.2
58
12.4
42.7
2.8
8.1
24.7
17.9

-6.9
57.1
50.4
13.5
35.1
1.9
6.7
22.7
16.5

55.5
49
12.6
34.5
1.8
6.5
22.8
16.7

59.2
52.6
12.8
38
1.9
6.6
23.3
16.9

59.9
53.2
13.4
37.8
2.1
6.7
23.8
17.6

61.2
54.1
13.2
38.8
2.2
7.1
23.7
18.2

63.1
55.5
13.5
39.8
2.2
7.6
23.8
17.9

61.8
54.8
11.1
40.9
2.8
6.9
25.2
18

61.8
54.3
11.6
40.3
2.4
7.5
24.4
18

66.3
58.4
12.8
43.1
2.5
7.9
24.8
17.7

l posted or linked to the publication, or the information contained therein, or for any consequences arising from its use and does not invit
e of the AsianBondsOnline Web Site, which also apply.

10-Jun 2Q10 10-Jul 10-Aug 10-Sep 3Q10 10-Oct 10-Nov 10-Dec 4Q10 11-Jan 11-Feb
8.2

6.3

3.9
8.3
33.7
1.4
46.36
15.8
10.3

3.9
8.2
36
16.2
45.54
13.4
7.7

4
9.8
37
22
45.31
11.2
6.4

3.5
10.6
46.5
24.6
43.85
10.2
10

1.2

0.6

0.9

1.2

0.2

0.1

0.1

5.5
0.1

7.1
2.8
9.3
30.1
28.4
43.06
10.6
7.7

3
10.5
11.5
35.3
44.1
10.4
7.5

3
8.1
26.5
25.2
43.8
10.6
10.6

3.6
7.6
11.8

4.3

44.3
12.9
9.6

43.6

5.9

0.1
-1.2
57.3

59.8

41.8

42.4

42.8

46.4

50.3

53.7

55.4

57

57

4
7.93
-0.7

4
7.6
-0.7

4
6.94
0

4
6.23
-0.7

4
5.96
-0.2

4
6
0

4
7.2

4
7.41

74.1
65
12.8
49.1
3.1
9.1
26.8
19.2

72.5
63.9
12.3
48.6
3
8.6
26.7
18.7

4
6.1
-1
-3.7
72.8
64.3
12
49.3
3
8.4
26.7
18.9

-4.9
66.3
58.2
12.2
43.1
2.8
8.1
24.8
18.1

-4.3
68.3
59.9
12.8
44.2
2.9
8.4
25
18.5

70.8
62.3
13.5
45.9
2.9
8.4
24.8
18.5

72.6
63.8
13.2
47.6
3
8.7
26
18.8

m its use and does not invite or accept reliance being placed on any materials or information so provided.