Philippines Business Confidence Growth

2002 - 2024 | Quarterly | % Point | CEIC Data

Key information about Philippines Business Confidence Growth

  • Philippines Business Confidence dropped by 1.9 % in Dec 2024, compared with an increase of 4.1 % YoY in the previous quarter.
  • Philippines Business Confidence: YoY Change is updated quarterly, available from Jun 2002 to Dec 2024, with an averaged rate of 1.1 %.
  • The data reached an all-high of 60.9 % in Mar 2010 and a record low of -42.9 % in Mar 2009.

CEIC calculates Business Confidence Change from quarterly Business Outlook Index. Bangko Sentral ng Pilipinas provides Business Outlook Index with range from 0 to 100 with neutral point 50. Business Confidence covers Manufacturing sector only.

View Philippines's Business Confidence Growth from Jun 2002 to Dec 2024 in the chart:

Philippines Business Confidence Growth

What was Philippines's Business Confidence Growth in Dec 2024?

Philippines Business Confidence dropped by 1.9 % in Dec 2024, compared with an increase of 4.1 % YoY in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-1.9 Dec 2024 4.1 Sep 2024 -42.9 Mar 2009 60.9 Mar 2010 % Point quarterly Jun 2002 - Dec 2024

Business Confidence Growth by Country Comparison

country/region Last Frequency Range
Albania (% Point) -5.7 Dec 2024 quarterly Jun 2017 - Dec 2024
Armenia (% Point) -3.7 Jun 2016 quarterly Sep 2006 - Jun 2016
Australia (% Point) 8.0 Oct 2024 monthly Jul 2013 - Oct 2024
Austria (% Point) -2.0 Dec 2024 monthly Jan 1986 - Dec 2024
Belarus (% Point) -9.6 Aug 2014 monthly Dec 2006 - Aug 2014
Belgium (% Point) -2.1 Dec 2024 monthly Jan 1981 - Dec 2024
Brazil (% Point) -2.2 Dec 2024 monthly Jan 2010 - Dec 2024
Bulgaria (% Point) 4.1 Nov 2024 monthly Jan 1994 - Nov 2024
Canada (% Point) -4.8 Nov 2024 monthly Dec 2001 - Nov 2024
Chile (% Point) 9.3 Nov 2024 monthly Nov 2004 - Nov 2024
China (% Point) 2.2 Dec 2024 monthly Jan 2006 - Dec 2024
Colombia (% Point) 4.3 Nov 2024 monthly Jan 1981 - Nov 2024
Croatia (% Point) -7.1 Nov 2024 monthly May 2009 - Nov 2024
Cyprus (% Point) -5.5 Nov 2024 monthly May 2003 - Nov 2024
Czech Republic (% Point) -7.0 Dec 2024 monthly Mar 1994 - Dec 2024
Denmark (% Point) 18.0 Nov 2024 monthly Jan 1999 - Nov 2024
Ecuador (% Point) 5.7 Nov 2024 monthly Feb 2011 - Nov 2024
Estonia (% Point) 10.0 Dec 2024 monthly May 2002 - Dec 2024
European Union (% Point) -1.6 Nov 2024 monthly Jan 1986 - Nov 2024
Finland (% Point) 13.3 Nov 2024 monthly Jan 1994 - Nov 2024
France (% Point) 0.2 Nov 2024 monthly Jan 1986 - Nov 2024
Georgia (% Point) -18.5 Dec 2024 quarterly Dec 2014 - Dec 2024
Germany (% Point) -8.3 Dec 2024 monthly Jan 1992 - Dec 2024
Ghana (%) 14.4 Aug 2024 monthly Dec 2013 - Aug 2024
Greece (% Point) 10.2 Nov 2024 monthly Jan 1986 - Nov 2024
Hong Kong SAR, China (% Point) -11.0 Dec 2024 quarterly Mar 2009 - Dec 2024
Hungary (% Point) -5.7 Dec 2024 monthly Jan 1997 - Dec 2024
Iceland (% Point) 98.4 Dec 2024 quarterly Dec 2003 - Dec 2024
India (% Point) -15.1 Dec 2024 quarterly Jun 2001 - Dec 2024
Indonesia (% Point) -0.1 Dec 2024 quarterly Mar 2011 - Dec 2024
Israel (% Point) 10.4 Dec 2024 monthly Jan 2016 - Dec 2024
Italy (% Point) -1.6 Nov 2024 monthly Jan 1986 - Nov 2024
Japan (% Point) 3.0 Mar 2025 quarterly Mar 2001 - Mar 2025
Kazakhstan (% Point) 3.0 Mar 2024 quarterly Mar 2009 - Mar 2024
South Korea (% Point) -8.0 Jan 2025 monthly Feb 2004 - Jan 2025
Latvia (% Point) -6.9 May 2023 monthly Apr 1994 - May 2023
Lithuania (% Point) 7.8 Nov 2024 monthly Apr 2004 - Nov 2024
Luxembourg (% Point) 14.6 Nov 2024 monthly Jan 1986 - Nov 2024
North Macedonia (% Point) -2.9 Dec 2022 monthly Apr 2002 - Dec 2022
Malaysia (% Point) 25.2 Sep 2024 quarterly Mar 2004 - Sep 2024
Malta (% Point) 11.7 Nov 2024 monthly Nov 2003 - Nov 2024
Mauritius (% Point) -9.1 Jun 2019 quarterly Mar 2011 - Jun 2019
Mexico (% Point) -4.1 Nov 2024 monthly Jan 2005 - Nov 2024
Mozambique (% Point) 8.9 Jun 2021 monthly Jan 2005 - Jun 2021
Netherlands (% Point) 4.1 Dec 2024 monthly Jan 1986 - Dec 2024
New Zealand (% Point) -7.4 May 2023 monthly Aug 2003 - May 2023
Nigeria (% Point) 4.4 Nov 2024 monthly Jul 2015 - Nov 2024
Norway (% Point) 0.3 Nov 2024 monthly Feb 2005 - Nov 2024
Palestinian Territory (% Point) 4.1 Dec 2024 monthly Apr 2014 - Dec 2024
Peru (% Point) 26.0 Nov 2024 monthly Apr 2003 - Nov 2024
Philippines (% Point) -1.9 Dec 2024 quarterly Jun 2002 - Dec 2024
Poland (% Point) -2.7 May 2023 monthly Jul 2006 - May 2023
Portugal (% Point) 3.4 Nov 2024 monthly Jan 1988 - Nov 2024
Qatar (% Point) -3.6 Mar 2020 quarterly Jun 2015 - Mar 2020
Romania (% Point) -0.1 Nov 2024 monthly Jul 1992 - Nov 2024
Russia (% Point) -1.0 Dec 2024 monthly Jan 2006 - Dec 2024
Serbia (% Point) 2.7 Sep 2024 monthly May 2014 - Sep 2024
Singapore (% Point) 1.2 Dec 2024 monthly Jan 2000 - Dec 2024
Slovakia (% Point) 5.0 Nov 2024 monthly Jan 1994 - Nov 2024
Slovenia (% Point) -1.0 Dec 2024 monthly May 1996 - Dec 2024
South Africa (% Point) 0.4 Nov 2024 monthly Sep 2000 - Nov 2024
Spain (% Point) 4.3 Nov 2024 monthly Jan 1994 - Nov 2024
Sri Lanka (% Point) -8.2 May 2023 monthly May 2016 - May 2023
Sweden (% Point) 9.8 Nov 2024 monthly Jan 2002 - Nov 2024
Switzerland (% Point) 10.8 Dec 2024 monthly Jan 1996 - Dec 2024
Taiwan (% Point) -3.2 Mar 2018 monthly May 2013 - Mar 2018
Thailand (% Point) 0.6 Nov 2024 monthly Feb 2000 - Nov 2024
Turkey (% Point) -0.7 Dec 2024 monthly Jan 2008 - Dec 2024
Ukraine (% Point) 1.7 Jun 2024 quarterly Sep 2013 - Jun 2024
United Kingdom (% Point) 8.4 Dec 2020 monthly Jan 1986 - Dec 2020
United States (% Point) 4.4 Dec 2024 monthly Jan 1949 - Dec 2024
Uruguay (% Point) -3.2 Sep 2024 monthly Oct 1999 - Sep 2024

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Philippines Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.8 Sep 2024 quarterly Dec 1985 - Sep 2024
Consolidated Fiscal Balance (USD mn) -3,628.488 Nov 2024 monthly Jan 1985 - Nov 2024
Tax Revenue (USD mn) 5,492.677 Nov 2024 monthly Jan 1985 - Nov 2024
Tax Revenue: % of GDP (%) 15.6 Sep 2024 quarterly Mar 1985 - Sep 2024
National Government Debt (USD mn) 275,007.0 Oct 2024 monthly Jan 1993 - Oct 2024
Government Debt: % of GDP (%) 61.3 Sep 2024 quarterly Mar 1993 - Sep 2024
Forecast: Government Expenditure (PHP bn) 8,856.329 2029 yearly 1989 - 2029
Forecast: Government Net Debt (PHP bn) 22,005.550 2029 yearly 1993 - 2029
Forecast: Government Revenue (PHP bn) 8,175.786 2029 yearly 1989 - 2029
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 12,704,367.324 Sep 2024 monthly Jan 2006 - Sep 2024
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 731,809.300 Sep 2024 monthly Jan 2006 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -5,802.9 Oct 2024 monthly Jan 1957 - Oct 2024
Total Exports (USD mn) 6,161.7 Oct 2024 monthly Jan 1979 - Oct 2024
Total Exports Growth (%) -5.5 Oct 2024 monthly Jan 1980 - Oct 2024
Aluminum: Exports (USD th) 172,934.333 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 61,685.472 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 11,340.083 2022 yearly 1995 - 2022
Total Imports (USD mn) 11,964.6 Oct 2024 monthly Jan 1979 - Oct 2024
Total Imports Growth (%) 11.2 Oct 2024 monthly Jan 1980 - Oct 2024
Imports: Medicament (USD th) 1,570,518.510 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,269,332.939 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 995.263 Oct 2024 monthly Jan 1978 - Oct 2024
Total Imports from USA (USD mn) 754.161 Oct 2024 monthly Jan 1986 - Oct 2024
Total Exports to China (USD mn) 853.521 Oct 2024 monthly Jan 1984 - Oct 2024
Total Imports from China (USD mn) 3,066.866 Oct 2024 monthly Jan 1986 - Oct 2024
Imports: Metalliferous Ores and Metal Scrap (USD mn) 83.443 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Iron and Steel (USD mn) 382.669 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Medicinal and Pharmaceutical Products (USD mn) 108.103 Dec 2018 monthly Jan 2006 - Dec 2018
Export Value Index (2015=100) 126.842 2021 yearly 1980 - 2021
Import Value Index (2015=100) 166.404 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -56.0 Sep 2024 monthly Jan 2005 - Sep 2024
Current Account Balance (USD mn) -2,198.3 Sep 2024 monthly Jan 1999 - Sep 2024
Current Account Balance: % of GDP (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Foreign Direct Investment (USD mn) 368.1 Sep 2024 monthly Jan 2005 - Sep 2024
Foreign Direct Investment: % of GDP (%) 2.0 Sep 2024 quarterly Mar 2005 - Sep 2024
Foreign Portfolio Investment (USD mn) 4,331.839 Sep 2024 quarterly Mar 2005 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 4.0 Sep 2024 quarterly Dec 1980 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 632.6 Sep 2024 quarterly Mar 1996 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 3,699.289 Sep 2024 quarterly Mar 1977 - Sep 2024
External Debt (USD mn) 139,643.3 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: % of GDP (%) 28.7 2023 yearly 1990 - 2023
External Debt: Short Term (USD mn) 17,352.9 Mar 2023 quarterly Mar 2005 - Mar 2023
External Debt: Short Term: % of GDP (%) 3.9 2023 yearly 2005 - 2023
Forecast: Current Account Balance (USD bn) -8.070 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -74,249.007 Sep 2024 quarterly Dec 2012 - Sep 2024
BoP: CA: Services: Credit: Export (USD mn) 4,345.739 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Net Incurrence of Liabilities (USD mn) 8,335.793 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: Change in Reserve Assets: Debit (USD mn) 3,540.703 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -721.743 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Secondary Income: Debit: Payments (USD mn) 93.584 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Primary Income (USD mn) 414.176 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Goods (USD mn) -6,428.866 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Net Acquisition of Financial Assets (USD mn) 1,867.029 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 2,863.171 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) -56.003 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Direct Investment (DI) (USD mn) -424.122 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Goods: Credit: Export (USD mn) 4,544.863 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 2,750.794 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Financial Derivatives (FD) (USD mn) 3.339 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Debit: Payments (USD mn) 0.463 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 368.119 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Primary Income: Debit: Payments (USD mn) 1,088.860 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -109.359 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: Capital Account (CA) (USD mn) 7.090 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,503.036 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Secondary Income (USD mn) 2,712.952 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Import (USD mn) 15,398.524 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Goods: Debit: Import (USD mn) 10,973.729 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: Financial Account (FA) (USD mn) -6,468.764 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Services (USD mn) 1,103.388 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: Current Account (CA) (USD mn) -2,198.350 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -106.020 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Services: Debit: Import (USD mn) 3,242.350 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 5,213.863 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,806.536 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Portfolio Investment (PI) (USD mn) -112.376 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Export (USD mn) 13,200.174 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Other Investments (OI) (USD mn) -5,935.605 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Credit: Receipts (USD mn) 7.553 Sep 2024 monthly Jan 2005 - Sep 2024
External Debt: By Country Profile: Country: UK (USD mn) 4,510.353 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: USA (USD mn) 3,119.277 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: France (USD mn) 1,223.412 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: Germany (USD mn) 1,601.742 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: Japan (USD mn) 15,383.270 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: Medium and Long Term (USD mn) 118,527.393 Sep 2024 quarterly Mar 2005 - Sep 2024
FDI: Approved: Administrative & Support Services (PHP mn) 7,377.137 Sep 2024 quarterly Mar 2010 - Sep 2024
FDI: Approved: Information & Communication (PHP mn) 7.490 Sep 2024 quarterly Mar 2010 - Sep 2024
FDI: Approved: Manufacturing (PHP mn) 70,570.395 Sep 2024 quarterly Mar 2010 - Sep 2024
FDI: Approved: Transportation & Storage (PHP mn) 28.845 Sep 2024 quarterly Mar 2010 - Sep 2024
FDI: Approved: Real Estate Activities (PHP mn) 13,131.164 Sep 2024 quarterly Mar 2010 - Sep 2024
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.6 Oct 2024 monthly Mar 2008 - Oct 2024
Household Debt: % of GDP (%) 11.3 Sep 2024 quarterly Mar 2009 - Sep 2024
Non-Performing Loans (USD mn) 9,258.079 Sep 2024 quarterly Mar 2008 - Sep 2024
Money Supply M1 (USD mn) 118,820.228 Oct 2024 monthly Dec 1988 - Oct 2024
Money Supply M2 (USD mn) 295,331.894 Oct 2024 monthly Dec 1988 - Oct 2024
M2 Growth (%) 5.8 Oct 2024 monthly Dec 1989 - Oct 2024
Reserve Requirement Ratio (%) 9.5 Dec 2024 monthly May 1986 - Dec 2024
Foreign Exchange Reserves (USD mn) 93,032.9 Nov 2024 monthly Jan 1960 - Nov 2024
Foreign Exchange Reserves: Months of Import (NA) 8.0 Oct 2024 monthly Jan 1979 - Oct 2024
Gold Reserves (USD mn) 11,353.948 Oct 2024 monthly Dec 1956 - Oct 2024
Total Deposits (USD mn) 350,338.036 Sep 2024 quarterly Mar 2008 - Sep 2024
Total Deposits Growth (%) 7.1 Sep 2024 quarterly Mar 2009 - Sep 2024
Domestic Credit (USD mn) 334,428.2 Oct 2024 monthly Dec 2001 - Oct 2024
Domestic Credit Growth (%) 9.8 Oct 2024 monthly Dec 2002 - Oct 2024
Household Debt (USD mn) 52,186.8 Sep 2024 quarterly Mar 2009 - Sep 2024
Total Loans (USD mn) 234,644.977 Oct 2024 monthly Mar 2008 - Oct 2024
Total Loans Growth (%) 11.08 Oct 2024 monthly Mar 2009 - Oct 2024
Private Debt: % of Nominal GDP (%) 48.17 Sep 2024 quarterly Dec 2001 - Sep 2024
DCS: LA: M4: M3: M2 (PHP mn) 17,204,264.140 Oct 2024 monthly Dec 2001 - Oct 2024
DCS: LA: M4: M3 (PHP mn) 17,651,191.493 Oct 2024 monthly Dec 2001 - Oct 2024
DCS: LA: M4: M3: M2: M1 (PHP mn) 6,921,753.533 Oct 2024 monthly Dec 2001 - Oct 2024
DCS: Domestic Claims (DC) (PHP mn) 19,481,782.282 Oct 2024 monthly Dec 2001 - Oct 2024
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 9.500 Dec 2024 monthly May 1986 - Dec 2024
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 2,916.823 Sep 2024 quarterly Mar 2009 - Sep 2024
CL: PBS: Real Estate: Residential (PHP bn) 1,061.789 Sep 2024 quarterly Mar 2009 - Sep 2024
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) -1.9 Dec 2024 quarterly Jun 2002 - Dec 2024
Business Outlook: Index: Services: Current Quarter (Point) 52.860 Dec 2024 quarterly Jun 2001 - Dec 2024
Business Outlook: Index: Industry: Current Quarter (Point) 34.545 Dec 2024 quarterly Jun 2001 - Dec 2024
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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