Philippines Employment: Wage & Salary Workers: With Pay in Own Family Business data was reported at 211.000 Person th in Feb 2025. This records an increase from the previous number of 106.000 Person th for Jan 2025. Philippines Employment: Wage & Salary Workers: With Pay in Own Family Business data is updated monthly, averaging 160.500 Person th from Jan 2021 (Median) to Feb 2025, with 50 observations. The data reached an all-time high of 312.000 Person th in Nov 2022 and a record low of 76.000 Person th in Dec 2024. Philippines Employment: Wage & Salary Workers: With Pay in Own Family Business data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.G025: Labour Force Survey: Employment: by Industry, Occupation and Class.

Philippines Gross National Income: per capita data was reported at 66,645.772 PHP in Mar 2025. This records a decrease from the previous number of 75,848.550 PHP for Dec 2024. Philippines Gross National Income: per capita data is updated quarterly, averaging 31,998.104 PHP from Mar 2000 (Median) to Mar 2025, with 101 observations. The data reached an all-time high of 75,848.550 PHP in Dec 2024 and a record low of 12,287.117 PHP in Mar 2000. Philippines Gross National Income: per capita data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A001: PSNA 5th Revision: Gross Domestic Product: by Expenditure: Current Price.

Minimum Wages in Philippines remained unchanged at 645 PHP/day in 2025 from 645 PHP/day in 2024. This dataset provides - Philippines Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

As of January 2025, the National Capital Region (NCR) or Metro Manila registered the highest real minimum wage at ****** Philippine pesos per day. This was followed by Region IV-A or CALABARZON with a minimum wage of ****** Philippine pesos per day.

The Personal Income Tax Rate in Philippines stands at 35 percent. This dataset provides - Philippines Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Average and median market, total and after-tax income of individuals by visible minority group, Indigenous group and immigration status, Canada and provinces.

The gross domestic product (GDP) per capita in the Philippines stood at 4,078.98 U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by 3,304.5 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by 2,204.23 U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

Key information about Philippines Household Debt: % of GDP

• Philippines household debt accounted for 11.7 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 11.3 % in the previous quarter.
• Philippines household debt to GDP ratio is updated quarterly, available from Mar 2009 to Dec 2024.
• The data reached an all-time high of 11.7 % in Dec 2024 and a record low of 4.7 % in Mar 2009.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. Bangko Sentral ng Pilipinas provides Household Debt in local currency. Philippine Statistics Authority provides Nominal GDP in local currency. Loans are used due to the lack of Flow of Funds statistics.


Related information about Philippines Household Debt: % of GDP

• In the latest reports, Philippines Household Debt reached 53.2 USD bn in Dec 2024.
• Money Supply M2 in Philippines increased 7.2 % YoY in Jan 2025.
• Philippines Foreign Exchange Reserves was measured at 90.8 USD bn in Dec 2024.
• The Foreign Exchange Reserves equaled 7.6 Months of Import in Jan 2025.
• Philippines Domestic Credit reached 347.3 USD bn in Jan 2025, representing an increased of 10.9 % YoY.
• The country's Non Performing Loans Ratio stood at 3.3 % in Dec 2024, compared with the ratio of 3.5 % in the previous month.

Philippines Coffee Market Outlook

The global coffee market size is projected to reach USD 134.25 billion by 2032, growing at a CAGR of 4.6% from 2023’s market size of USD 97.5 billion. The Philippines coffee market is expected to mirror this global trend, driven by increasing consumer demand, evolving coffee culture, and rising incomes. The market size in the Philippines is also anticipated to experience significant growth over the forecast period, making it a lucrative segment within the global industry.

One of the primary growth factors in the Philippines coffee market is the rising urbanization and changing consumer preferences. As more individuals move to urban areas, there is an increased exposure to diverse coffee cultures and modern coffee consumption habits. The younger generation, in particular, is showing a growing preference for coffee, influenced by Western coffee culture and the proliferation of coffee shops. Additionally, the increasing disposable income among the population is allowing them to spend more on premium and specialty coffee products.

Another significant factor contributing to the market’s growth is the development of the local coffee industry. The Philippines has a rich history of coffee cultivation, and efforts to revitalize coffee farming are underway. Government initiatives and partnerships with private entities aim to enhance coffee production, improve quality, and support local farmers. This not only boosts the supply chain but also encourages the consumption of locally grown coffee, contributing to the market's overall expansion.

The advent of e-commerce and digital platforms has also played a crucial role in shaping the coffee market in the Philippines. Online stores offer a broad range of coffee products, from instant coffee to premium beans, catering to varying consumer preferences. The convenience of online shopping, coupled with the widespread use of smartphones and internet penetration, has made it easier for consumers to access a diverse array of coffee products, thus driving market growth.

Regionally, Luzon accounts for the largest share of the coffee market in the Philippines, driven by its higher population density and more significant urban centers. The coffee culture is well-established in Metro Manila and other major cities, contributing to higher consumption rates. However, Visayas and Mindanao are also showing promising growth due to increasing urbanization and local coffee production efforts. These regions are expected to witness a steady rise in coffee demand, further bolstering the overall market.

Product Type Analysis

The Philippines coffee market is segmented by product type into Instant Coffee, Ground Coffee, Whole Bean Coffee, Coffee Pods and Capsules, and Others. Instant coffee remains a popular choice among consumers due to its convenience and affordability. It is particularly favored by busy professionals and those who prefer quick and easy coffee preparation methods. The convenience factor has kept instant coffee in high demand, and manufacturers continue to innovate with new flavors and packaging to attract more consumers.

Ground coffee, on the other hand, appeals to traditional coffee drinkers who value the authentic brewing experience. The quality and flavor of ground coffee are often seen as superior to instant coffee, making it a preferred choice for many coffee enthusiasts. The increasing number of coffee shops and cafes in urban areas has also popularized ground coffee consumption, with many consumers looking to replicate their favorite café beverages at home.

Whole bean coffee is gaining traction among coffee connoisseurs who prioritize freshness and the ability to customize their grind size. This segment appeals to a niche market of coffee aficionados who invest in coffee grinders and other brewing equipment. The rise in home-brewing trends, fueled by the COVID-19 pandemic, has further boosted the demand for whole bean coffee as people seek high-quality coffee experiences at home.

Coffee pods and capsules have revolutionized the coffee market with their convenience and consistent quality. These products cater to consumers seeking an easy and mess-free coffee-making process. The growing popularity of single-serve coffee machines has significantly driven the demand for coffee pods and capsules. However, environmental concerns regarding the disposal of these single-use products have led to increased interest in recyclable and biodegradable options.

The ‘Others’ c

The Philippine retail market, valued at $95.79 billion in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 11.1% from 2025 to 2033. This surge is fueled by several key factors. Rising disposable incomes and a burgeoning middle class are driving increased consumer spending across diverse sectors, including food and beverages, personal and household care, apparel and footwear, and electronics. The expanding e-commerce landscape, particularly among younger demographics, significantly contributes to this growth. Furthermore, the increasing adoption of omnichannel strategies by major retailers allows for enhanced customer experiences and expanded market reach, thereby boosting overall sales. While the market is highly competitive, with established players like SM Investments Corp. and Robinsons Retail Holdings Inc. vying for dominance, opportunities exist for new entrants and smaller businesses leveraging innovative technologies and localized strategies. However, challenges remain. Inflationary pressures and potential economic volatility could impact consumer spending, particularly in the lower income brackets. Maintaining supply chain efficiency amidst global disruptions continues to be crucial for retailers. Additionally, the increasing competition within the online retail sector requires companies to invest in robust digital infrastructure and effective marketing strategies. The success of retailers will depend on their ability to adapt to evolving consumer preferences, leverage technological advancements, and manage operational costs effectively to maintain profitability within this dynamic and competitive market. Segments like food and beverages, and personal care products consistently show strong growth, driven by increased demand and product diversification. The offline channel currently holds a larger market share, but the online segment demonstrates substantial growth potential, prompting brick-and-mortar players to expand their online presence.

The Gross Domestic Product per capita in Philippines was last recorded at 3925.30 US dollars in 2024. The GDP per Capita in Philippines is equivalent to 31 percent of the world's average. This dataset provides - Philippines GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Philippines foodservice market is projected to reach a value of $21.33 billion by 2033, expanding at a CAGR of 4.05% during the forecast period (2025-2033). The growth of the market is primarily attributed to the increasing demand for convenience, availability of a wide variety of cuisines, and rising disposable income. Additionally, the growing popularity of online food delivery services and the emergence of new food trends are further driving market growth. Key factors driving the Philippines foodservice market include: Changing lifestyles and rising disposable income, which have led to increased spending on eating out; Growing popularity of online food delivery services, which provide convenience and a wider reach for restaurants; Expansion of the middle class, which has increased demand for premium dining experiences; Government initiatives, which are promoting the foodservice industry as a key economic driver; Influx of tourists, which has increased demand for international cuisines, especially in the major cities; and Innovative marketing strategies, which have helped restaurants attract new customers and increase brand loyalty. Recent developments include: Recent developments in the Philippines Foodservice Market indicate a competitive landscape with key players adapting to evolving consumer preferences. Taco Bell has been expanding its presence, revamping menu items to cater to local tastes., KFC has reported a rise in sales, thanks in part to effective promotions. Mang Inasal continues to focus on enhancing customer experience with store renovations and new product launches. Goldilocks is diversifying its offerings to include more health-conscious options, while Starbucks is adapting its operations for better online ordering and delivery services., Wendy's and Domino's Pizza are also enhancing their digital platforms to improve consumer engagement and streamline order processes. McDonald's remains a strong player with aggressive marketing strategies. Furthermore, Jollibee Foods Corporation is actively pursuing expansions in both domestic and international markets., In terms of market valuation, companies like Greenwich Pizza and Max's Restaurant have also seen positive growth metrics, reflecting increased consumer spending. Current market trends emphasize the importance of technological integration and efficient service delivery, shaping the future direction of the food service sector in the Philippines.. Key drivers for this market are: Rising middle-class consumer spending, Increasing demand for delivery services; Growth of health-conscious dining; Expansion of local food chains; Popularity of international cuisine. Potential restraints include: rising urbanization, increasing disposable income; growing demand for convenience; shift towards online food delivery; healthy eating trends.

The Philippines tourism and hotel market, valued at $2.26 billion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 6.05% from 2025 to 2033. This expansion is fueled by several key factors. The increasing popularity of the Philippines as a destination for diverse tourism segments – including business travel, vacation tourism, eco-tourism, cultural tourism, adventure tourism, and event tourism – is a primary driver. The country's rich culture, stunning beaches, and diverse landscapes attract both domestic and international tourists. Growth in the middle class, both domestically and internationally, is further increasing disposable income available for leisure and travel. The ongoing development of infrastructure, including improved transportation links and airport facilities, enhances accessibility and supports the growth of the tourism sector. Furthermore, the increasing adoption of online booking platforms and the proliferation of budget-friendly accommodation options are making travel more accessible and affordable for a wider range of tourists. However, the market faces certain challenges. Seasonality, where tourism is heavily concentrated in certain months, can affect hotel occupancy rates and revenue streams. Natural disasters, which are a periodic occurrence in the Philippines, can disrupt travel plans and negatively impact the tourism industry. Competition from other Southeast Asian destinations also requires ongoing efforts to maintain the Philippines' appeal. Addressing these challenges, through effective disaster management strategies and marketing campaigns that highlight the resilience and unique offerings of the Philippines, will be vital to sustaining the projected growth. The hotel industry, encompassing established international chains like Marriott and Ascott International alongside local players like Crown Regency, is poised to benefit from this expansion, adapting their offerings to cater to the evolving preferences of tourists. Recent developments include: February 2024: The Ascott International, celebrating 40 years in hospitality, launched ‘Ascott Unlimited’ at AHICE 2024 in Singapore. This year-long initiative marks a new era for the company, emphasizing innovation amid global change.June 2023: BWH Hotels expanded its presence in North America and Europe, as well as in Africa and Asia. BWH hotels are now available in Austria, Canada, Dubai, the United Arab Emirates, Ethiopia, France, India, Japan, the Netherlands, Saudi Arabia, Sweden, Tanzania, and the United States.March 2023: Wyndham Hotels & Resorts, the world's largest hotel franchisor with 9,100 hotels in more than 95 countries, announced a new partnership with Groups360. This was aimed at enabling immediate online multiroom booking of rooms.. Key drivers for this market are: Investments in Infrastructure, such as Airport Expansions and Improved Road Networks, Enhance Accessibility and Attract More Visitors, The Rise of Online and Mobile Booking Services Makes it Easier for Travelers to Secure Accommodation, Driving Higher Occupancy Rates. Potential restraints include: Investments in Infrastructure, such as Airport Expansions and Improved Road Networks, Enhance Accessibility and Attract More Visitors, The Rise of Online and Mobile Booking Services Makes it Easier for Travelers to Secure Accommodation, Driving Higher Occupancy Rates. Notable trends are: Resurgence of International Air Travel in the Philippines Driving the Market.

Government Revenues in Philippines decreased to 306906 PHP Million in June from 433090 PHP Million in May of 2025. This dataset provides - Philippines Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Philippines cosmetic market is estimated to grow at a CAGR of 6.2% till 2032 fueled by a rising middle class, higher income, and focus on personal grooming

As of January 2025, the value of outstanding credit card loans granted by universal and commercial banks in the Philippines reached roughly *** billion Philippine pesos. In contrast, salary-based general purpose consumption loans accounted for the lowest value of loans as of that period. Bank account ownership in the Philippines Based on Statista estimates, the credit card penetration rate in the Philippines has gradually increased since 2018. However, this accounts for only a minimal share of the population, as the country remains to have one of the lowest banked population share in the entire Asia-Pacific region. Among the population with a formal account from a financial provider, a larger share of the population has an e-money account than a bank account. Leading universal and commercial banks  Universal and commercial banks offer vast financial services, including deposit and checking services, investment and mutual funds, and housing loans, among others. These types of banks also had the highest bank footprint in the Philippines, which was higher than thrift banks and rural and cooperative banks combined. As of the fourth quarter of 2023, BDO Unibank Inc (BDO) emerged as the largest universal bank in the Philippines based on the value of deposits.