The ocean and the beach in the Philippines

Philippines Unemployment (% of active population, aop)

Unemployment Rate in Philippines

The economy grew at a softer—albeit still upbeat—rate in Q1 2023. The moderation was driven by plunging exports amid the global economic downturn and the global tech sector’s slump, as well as softer private spending growth due to elevated inflation and interest rates. That said, stronger expansions in fixed investment and public spending prevented a larger deterioration in GDP growth. In Q2, economic activity is likely decelerating further. In April, the manufacturing sector PMI softened from the previous quarter’s average, coming in at an eight-month low due to ebbing production, weaker new business growth and falling employment figures. Meanwhile, official data released in May showed that foreign investment pledges made in Q1 surged by 1,823% year on year, boding well for growth prospects ahead.

Philippines Unemployment Rate Chart

This chart displays Unemployment Rate for Philippines from 2013 to 2022.

Philippines Unemployment Rate Data

2017 2018 2019 2020 2021
Unemployment (% of active population, aop) 5.7 5.3 5.1 10.4 7.8

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest