Macro-economic Data

Text bolded/green below shows notes and variable definitions when you roll over. If you cannot see the notes, please download an Excel version from the Research Center, which includes notes. Also, a PDF featuring variable definitions is available in the document list under "Definition of Hofinet Variables".

 

A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Total population106.65 million105.17 million103.66 million
WDI
A.1.1
Total number of households24.75 million 22.98 million
PSA
A.1.2
Average household size  4.40
PSA
A.1.3
Urban population (% of total)46.91% of total46.68% of total46.48% of total
WDI
A.1.4
Urban population growth (annual %)1.88%1.89%1.92%
WDI
A.1.5
A.2 Economy
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
GDP, current prices (U.S. dollars)331,678 USD (millions)313,595 USD (millions)304,889 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)956,030 USD (millions)877,168 USD (millions)806,869 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)3,099.26 USD 2,988.9 USD 2,953.21 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)8,933.33 USD 8,360.35 USD 7,815.46 USD
WEO
A.2.4
GDP, constant prices (Percent change)6.52%6.69%6.88%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)5.2%2.91%2.23%
WEO
A.2.6
GDP, deflator (Index)190.45182.40178.26
WEO
A.2.7
Consumer price index126.48120.21119.50
WDI
A.2.8
GINI Index  40.10
WDI
A.2.9
Median national annual household income3,846.25 USD  3,956.04 USD
PSA
A.2.10
Median urban annual household income6,656.1 USD/year 6,879.12 USD/year
PSA
A.2.11
Urban minimum wages per month in USD224.34 USD 223.48 USD 227.46 USD
NWPC
A.2.12
Growth in urban household income (%/year)A.2.13
Employment (% of total laborforce)A.2.14
Unemployed5.3%5.71%5.5%
PSA
A.2.14.3
Interest Rates:A.2.15
Central bank lending/discount rate5.36%3.62%3.06%
IFS
A.2.15.1
Yield on 3 months treasury bills3.61%2.12%1.5%
IFS
A.2.15.2
Yield on 10-year Government bond  2.73%
IFS
A.2.15.3
Average bank deposit rate3.12%1.88%1.6%
IFS
A.2.15.4
Lending rate6.12%5.63%5.64%
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Number of dwelling units:B.1.1
Total  22.42 million
PSA
B.1.1.1
Total Urban  2.97 million
PSA
B.1.1.2
Characteristics of housing stock:B.1.3
Tenure in urban areas (%):B.1.4
Owner-occupied units  52.7% of total
DHS 2013 Survey
B.1.4.1
Private rental units  19.3% of total
DHS 2013 Survey
B.1.4.3
Other forms of tenure   27.9% of total
DHS 2013 Survey
B.1.4.5
Estimated Number of units completed/yearB.1.5
Formal sector/registered126,429 units110,942 units113,097 units
PSA
B.1.5.1
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Median urban house price in USD:B.2.1
Median house price to median annual HH income:B.2.2
Annual average % change in median house prices:B.2.3
M2 construction cost for median quality houseB.2.4
National212.89 USD/sq.mt199.79 USD/sq.mt224.55 USD/sq.mt
PSA
B.2.4.1


back to top | Country Data:
Notes: SEDP offers a Multi-Purpose Loan that can be used for house improvement. KFI offers a housing repair group loan. Both are NGOs.
Notes: -0.36
Notes: -0.52
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: Average cost per sq. meter for residential constructions
Notes: Average cost per sq. meter for residential constructions
Notes: Average cost per sq. meter for residential constructions
Notes: Average cost per sq. meter for residential constructions
Notes: Average cost per sq. meter for residential constructions
Notes: Average cost per sq. meter for residential constructions
Notes: Average cost per sq. meter for residential constructions
Notes: Average cost per sq. meter for residential constructions
Notes: Average cost per sq. meter for residential constructions
Notes: Average cost per sq. meter for residential constructions
Notes: Bahay Bonds were guaranteed by the HGC
Notes: CARD Bank and Dungganon Bank take deposits but are considered microfinance-oriented rural banks
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
Notes: Confidentiality Rule/Marketing Strategies/Business secuts confined by Law
Notes: Confidentiality Rule/Marketing Strategies/Business secuts confined by Law
Notes: Confidentiality Rule/Marketing Strategies/Business secuts confined by Law
Notes: Dungganon Bank and Card Bank provide micro-housing loans for house improvement and renovation
Notes: Excludes HDMF loans
Notes: Excludes HDMF loans
Notes: Excludes HDMF loans
Notes: Excludes HDMF loans
Notes: Excludes HDMF loans
Notes: Excludes HDMF loans
Notes: Excludes HDMF loans
Notes: Excludes HDMF loans
Notes: Excludes HDMF loans
Notes: Excludes HDMF loans
Notes: Excludes HDMF loans
Notes: Excludes HDMF loans
Notes: Excludes HDMF loans
Notes: Excludes HDMF loans
Notes: Excludes HDMF loans
Notes: Excludes HDMF loans
Notes: For National Capital Region
Notes: For National Capital Region
Notes: For National Capital Region
Notes: For National Capital Region
Notes: For National Capital Region
Notes: For National Capital Region
Notes: For National Capital Region
Notes: For National Capital Region
Notes: For National Capital Region
Notes: For National Capital Region
Notes: For Pag-IBIG Fund only; minimum borrower equity requirement (maximum LTV) is bank-determined internal policy
Notes: Government controlled housing finance corporation
Notes: Government controlled housing finance corporation
Notes: Government controlled housing finance corporation
Notes: Government controlled housing finance corporation
Notes: IMF Annual Average Exchange
Notes: Includes mortgage loans from universal banks, commercial banks, and thrift banks only
Notes: Includes mortgage loans from universal banks, commercial banks, and thrift banks only
Notes: Includes mortgage loans from universal banks, commercial banks, and thrift banks only
Notes: Includes mortgage loans from universal banks, commercial banks, and thrift banks only
Notes: Includes mortgage loans from universal banks, commercial banks, and thrift banks only
Notes: Includes mortgage loans from universal banks, commercial banks, and thrift banks only
Notes: Includes mortgage loans from universal banks, commercial banks, and thrift banks only
Notes: Includes mortgage loans from universal banks, commercial banks, and thrift banks only
Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
Notes: low cost housing purchase, rehab and construction loans through the social security system seperatee funds for private and public wokers (HDMF); Community Mortgage Program and High Density Housing Program (SHFC)
Notes: National Capital Region only
Notes: National Capital Region only
Notes: National Capital Region only
Notes: National Capital Region only
Notes: National Capital Region only
Notes: National Rate
Notes: NHMFC only
Notes: NHMFC only
Notes: NHMFC only
Notes: NHMFC's estimate
Notes: Number of approved residential building permits
Notes: Number of approved residential building permits
Notes: Number of approved residential building permits
Notes: Number of approved residential building permits
Notes: Number of approved residential building permits
Notes: Number of approved residential building permits
Notes: Number of approved residential building permits
Notes: Number of approved residential building permits
Notes: Number of approved residential building permits
Notes: Number of approved residential building permits
Notes: Number of approved residential building permits
Notes: Number of approved residential building permits
Notes: Number of approved residential building permits
Notes: Number of approved residential building permits
Notes: Number of approved residential building permits
Notes: Number of families, not households. The number is usually similar.
Notes: Number of families, not households. The number is usually similar.
Notes: Number of families, not households. The number is usually similar.
Notes: Number of families, not households. The number is usually similar.
Notes: Number of families, not households. The number is usually similar.
Notes: Number of families, not households. The number is usually similar.
Notes: Number of families, not households. The number is usually similar.
Notes: Owned, being amortized
Notes: P20 for mortgages under P5,000 and P10 for each additional P5,000
Notes: P20 for mortgages under P5,000 and P10 for each additional P5,000
Notes: P20 for mortgages under P5,000 and P10 for each additional P5,000
Notes: P20 for mortgages under P5,000 and P10 for each additional P5,000
Notes: Pag-IBIG Affordable Housing Loan Program includes construction and home improvement
Notes: Pag-IBIG Affordable Housing Loan Program offers minimum and low-wage earners low interest rates of 3% for first 5 years and 6.5% for next 5 years. Max tenure is 30 years. Monthly payments as low as Php2,445.30 for Php580,000 housing loan. Max loan amount of Php750,000
Notes: Pag-IBIG Affordable Housing Loan Program offers minimum and low-wage earners low interest rates of 3% for first 5 years and 6.5% for next 5 years. Max tenure is 30 years. Monthly payments as low as Php2,445.30 for Php580,000 housing loan. Max loan amount of Php750,000
Notes: Pag-IBIG Fund only
Notes: Pag-IBIG is a Provident Fund with required contributions (a labor related tax) by formal sector workers
Notes: People's Credit and Finance Corporation
Notes: Provident fund, Pag-IBIG Fund, is largest source of housing finance
Notes: Real property tax 20% on residential land; 0-60% of fair market value progressive tax
Notes: Real property tax 20% on residential land; 0-60% of fair market value progressive tax
Notes: Real property tax 20% on residential land; 0-60% of fair market value progressive tax
Notes: Real property tax 20% on residential land; 0-60% of fair market value progressive tax
Notes: Rent-free
Notes: Stamp tax; P15 for transactions under P1,000 and P15 for each additional P1,000
Notes: Stamp tax; P15 for transactions under P1,000 and P15 for each additional P1,000
Notes: Stamp tax; P15 for transactions under P1,000 and P15 for each additional P1,000
Notes: Stamp tax; P15 for transactions under P1,000 and P15 for each additional P1,000
Notes: Tax exemption for interest income on housing loans
Notes: Tax exemption for interest income on housing loans
Notes: Tax exemption for interest income on housing loans
Notes: Tax exemption for interest income on housing loans
Notes: Tax rate for real property is 6%
Notes: Tax rate for real property is 6%
Notes: Tax rate for real property is 6%
Notes: Tax rate for real property is 6%
Notes: This data point takes into account NHMFC data only
Notes: This is as of Q3 2016
Notes: Universal and commercial banks only
Notes: Universal and commercial banks only
Notes: Universal and commercial banks only
Notes: Universal and commercial banks only
Notes: Universal and commercial banks only
Notes: Universal and commercial banks only
Notes: Universal and commercial banks only
Notes: Universal and commercial banks only
Notes: Written into loan application and payment process. Only protects in the event of death or disability