Philippines Labour Force Participation Rate

2003 - 2024 | Quarterly | % | Philippine Statistics Authority

Key information about Philippines Labour Force Participation Rate

  • Philippines Labour Force Participation Rate dropped to 63.3 % in Oct 2024, compared with 63.5 % in the previous quarter.
  • Philippines Labour Force Participation Rate is updated quarterly, available from Jul 2003 to Oct 2024, with an average rate of 63.8 % .
  • The data reached the an all-time high of 69.0 % in Apr 2004 and a record low of 55.7 % in Apr 2020.
  • Philippines Labour Force Participation Rate is reported by reported by Philippine Statistics Authority.
  • In the latest reports, Philippines Population reached 109.0 million people in Dec 2020.
  • Unemployment Rate of Philippines dropped to 4.5 % in Apr 2023.

View Philippines's Labour Force Participation Rate from Jul 2003 to Oct 2024 in the chart:

Philippines Labour Force Participation Rate

What was Philippines's Labour Force Participation Rate in Oct 2024?

Philippines Labour Force Participation Rate dropped to 63.3 % in Oct 2024, compared with 63.5 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
63.3 Oct 2024 63.5 Jul 2024 55.7 Apr 2020 69.0 Apr 2004 % quarterly Jul 2003 - Oct 2024

Labour Force Participation Rate by Country Comparison

country/region Last Frequency Range
Albania (%) 63.9 Dec 2023 quarterly Mar 2012 - Dec 2023
Algeria (%) 41.7 2018 yearly 2003 - 2018
Argentina (%) 60.8 2023 yearly 1990 - 2023
Armenia (%) 60.4 Jun 2024 quarterly Mar 2008 - Jun 2024
Australia (%) 67.1 Nov 2024 monthly Feb 1978 - Nov 2024
Austria (%) 77.1 Jun 2022 quarterly Mar 2021 - Jun 2022
Azerbaijan (%) 70.2 2023 yearly 1990 - 2023
Bahrain (%) 71.9 2023 yearly 1990 - 2023
Bangladesh (%) 58.2 2023 yearly 1990 - 2023
Belarus (%) 86.8 2022 yearly 1995 - 2022
Belgium (%) 71.1 Sep 2024 quarterly Mar 1999 - Sep 2024
Bolivia (%) 77.7 Sep 2022 quarterly Dec 2015 - Sep 2022
Bosnia and Herzegovina (%) 47.8 2023 yearly 2006 - 2023
Botswana (%) 64.5 2023 yearly 1990 - 2023
Brazil (%) 62.6 Nov 2024 monthly Mar 2012 - Nov 2024
Brunei (%) 64.3 2023 yearly 1990 - 2023
Bulgaria (%) 55.5 Jun 2024 quarterly Jun 2000 - Jun 2024
Cambodia (%) 87.4 2020 yearly 2020 - 2020
Canada (%) 64.9 Nov 2024 monthly Jan 1976 - Nov 2024
Chile (%) 61.6 Nov 2024 monthly Mar 2009 - Nov 2024
China (%) 66.4 2023 yearly 1990 - 2023
Colombia (%) 63.9 Oct 2024 monthly Jan 2001 - Oct 2024
Croatia (%) 54.1 Sep 2024 quarterly Mar 2007 - Sep 2024
Cyprus (%) 65.7 Sep 2024 quarterly Jun 1999 - Sep 2024
Czech Republic (%) 60.6 Sep 2024 quarterly Mar 1993 - Sep 2024
Denmark (%) 74.6 Oct 2024 monthly Jan 2007 - Oct 2024
Ecuador (%) 65.5 Sep 2024 quarterly Dec 2013 - Sep 2024
Egypt (%) 43.4 2023 yearly 2009 - 2023
Estonia (%) 66.9 Sep 2024 quarterly Mar 2000 - Sep 2024
European Union (%) 75.6 2022 yearly 1990 - 2022
Finland (%) 67.2 Nov 2024 monthly May 2004 - Nov 2024
France (%) 74.8 Sep 2024 quarterly Mar 2003 - Sep 2024
Georgia (%) 53.3 2023 yearly 1998 - 2023
Germany (%) 56.0 Jun 2024 quarterly Mar 2007 - Jun 2024
Ghana (%) 68.8 2023 yearly 1990 - 2023
Greece (%) 59.8 Nov 2024 monthly Jan 2004 - Nov 2024
Hong Kong SAR, China (%) 56.9 Nov 2024 monthly Dec 1981 - Nov 2024
Hungary (%) 68.3 Sep 2024 quarterly Mar 2009 - Sep 2024
Iceland (%) 78.0 Nov 2024 monthly Jan 2003 - Nov 2024
India (%) 42.4 2023 yearly 1990 - 2023
Indonesia (%) 70.6 Aug 2024 semiannually Feb 2005 - Aug 2024
Iran (%) 41.0 Dec 2022 quarterly Jun 2018 - Dec 2022
Ireland (%) 66.6 Sep 2024 quarterly Mar 1998 - Sep 2024
Israel (%) 62.4 Nov 2024 monthly Jan 2012 - Nov 2024
Italy (%) 66.4 Oct 2024 monthly Jan 2004 - Oct 2024
Ivory Coast (%) 64.4 2023 yearly 1990 - 2023
Japan (%) 63.5 Nov 2024 monthly Jan 1968 - Nov 2024
Jordan (%) 39.4 2023 yearly 1990 - 2023
Kazakhstan (%) 68.4 Sep 2024 quarterly Jun 2001 - Sep 2024
Kenya (%) 73.7 2023 yearly 1990 - 2023
South Korea (%) 64.6 Nov 2024 monthly Jun 1999 - Nov 2024
Kosovo (%) 42.3 Dec 2023 quarterly Mar 2016 - Dec 2023
Kuwait (%) 71.5 2023 yearly 1990 - 2023
Kyrgyzstan (%) 58.7 2023 yearly 1994 - 2023
Laos (%) 59.6 2023 yearly 1990 - 2023
Latvia (%) 68.8 Sep 2024 quarterly Mar 2002 - Sep 2024
Lebanon (%) 45.5 2023 yearly 1990 - 2023
Lithuania (%) 64.0 Sep 2024 quarterly Jun 1998 - Sep 2024
Luxembourg (%) 55.1 2023 yearly 2000 - 2023
Macau SAR, China (%) 68.0 Nov 2024 monthly Sep 1996 - Nov 2024
North Macedonia (%) 52.1 Jun 2024 quarterly Mar 2023 - Jun 2024
Malawi (%) 69.0 2023 yearly 1990 - 2023
Malaysia (%) 70.5 Oct 2024 monthly Jan 2010 - Oct 2024
Malta (%) 82.9 Sep 2024 quarterly Mar 2018 - Sep 2024
Mauritius (%) 58.5 Sep 2024 quarterly Mar 2004 - Sep 2024
Mexico (%) 60.0 Nov 2024 monthly Jan 2005 - Nov 2024
Moldova (%) 45.5 Sep 2024 quarterly Mar 2015 - Sep 2024
Mongolia (%) 63.0 Sep 2024 quarterly Sep 2006 - Sep 2024
Montenegro (%) 64.5 Sep 2024 quarterly Mar 2008 - Sep 2024
Morocco (%) 43.6 Sep 2024 quarterly Mar 1999 - Sep 2024
Mozambique (%) 79.0 2023 yearly 1990 - 2023
Myanmar (%) 60.7 2023 yearly 1991 - 2023
Nepal (%) 40.5 2023 yearly 1990 - 2023
Netherlands (%) 73.2 Nov 2024 monthly Jan 2003 - Nov 2024
New Zealand (%) 71.0 Sep 2024 quarterly Mar 1986 - Sep 2024
Nigeria (%) 59.1 2023 yearly 1990 - 2023
Norway (%) 65.3 2023 yearly 1989 - 2023
Oman (%) 68.3 2023 yearly 1990 - 2023
Pakistan (%) 32.3 2021 yearly 1990 - 2021
Palestinian Territory (%) 45.6 Jun 2024 quarterly Jun 2002 - Jun 2024
Panama (%) 62.4 2023 yearly 2003 - 2023
Paraguay (%) 70.0 Sep 2024 quarterly Mar 2017 - Sep 2024
Peru (%) 72.4 2022 yearly 2001 - 2022
Philippines (%) 63.3 Oct 2024 quarterly Jul 2003 - Oct 2024
Poland (%) 58.3 Jun 2024 quarterly Mar 2010 - Jun 2024
Portugal (%) 60.3 Sep 2024 quarterly Mar 2011 - Sep 2024
Qatar (%) 87.7 2023 yearly 2006 - 2023
Romania (%) 52.7 Jun 2024 quarterly Mar 1996 - Jun 2024
Russia (%) 68.4 Feb 2024 monthly Aug 2009 - Feb 2024
Saudi Arabia (%) 61.7 Mar 2023 quarterly Jun 2016 - Mar 2023
Serbia (%) 56.4 Sep 2024 quarterly Mar 2014 - Sep 2024
Slovakia (%) 61.6 Jun 2024 quarterly Mar 2021 - Jun 2024
Slovenia (%) 58.7 Sep 2024 quarterly Mar 2008 - Sep 2024
South Africa (%) 60.2 Sep 2024 quarterly Mar 2008 - Sep 2024
Spain (%) 59.0 Sep 2024 quarterly Mar 2021 - Sep 2024
Sri Lanka (%) 47.8 Jun 2024 quarterly Mar 2004 - Jun 2024
Sudan (%) 47.6 2023 yearly 1990 - 2023
Sweden (%) 73.8 Nov 2024 monthly Apr 2005 - Nov 2024
Switzerland (%) 67.6 Sep 2024 quarterly Mar 2010 - Sep 2024
Syria (%) 38.7 2023 yearly 1990 - 2023

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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: Short Term (PHP mn) 731,809.300 Sep 2024 monthly Jan 2006 - Sep 2024
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 12,704,367.324 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: Medicinal and Pharmaceutical Products (USD mn) 108.103 Dec 2018 monthly Jan 2006 - Dec 2018
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
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: Financial Derivatives (FD) (USD mn) 3.339 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: OI: Net Acquisition of Financial Assets (USD mn) -721.743 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: DI: Net Incurrence of Liabilities (USD mn) 368.119 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: CA: Primary Income (USD mn) 414.176 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Credit: Receipts (USD mn) 7.553 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: 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: Capital Account (CA) (USD mn) 7.090 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: FD: Net Acquisition of Financial Assets (USD mn) -106.020 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Goods (USD mn) -6,428.866 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: FA: Direct Investment (DI) (USD mn) -424.122 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Secondary Income (USD mn) 2,712.952 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: CA: Primary Income: Credit: Receipts (USD mn) 1,503.036 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Import (USD mn) 15,398.524 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: Current Account (CA) (USD mn) -2,198.350 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: CA: Services (USD mn) 1,103.388 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Portfolio Investment (PI) (USD mn) -112.376 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: CA: Secondary Income: Debit: Payments (USD mn) 93.584 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 Incurrence of Liabilities (USD mn) 2,863.171 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: FA: Net Incurrence of Liabilities (USD mn) 8,335.793 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Debit: Payments (USD mn) 0.463 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Export (USD mn) 13,200.174 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: Medium and Long Term (USD mn) 118,527.393 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: USA (USD mn) 3,119.277 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
FDI: Approved: Information & Communication (PHP mn) 7.490 Sep 2024 quarterly Mar 2010 - Sep 2024
FDI: Approved: Administrative & Support Services (PHP mn) 7,377.137 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: Domestic Claims (DC) (PHP mn) 19,481,782.282 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
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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