Philippines Market Capitalization: % of GDP

1970 - 2023 | Yearly | % | CEIC Data

Key information about Philippines Market Capitalization: % of GDP

  • Philippines Market Capitalization accounted for 68.8 % of its Nominal GDP in Dec 2023, compared with a percentage of 75.2 % in the previous year
  • Philippines Market Capitalization: % Nominal GDP is updated yearly, available from Dec 1970 to Dec 2023
  • The data reached an all-time high of 110.8 % in Dec 2007 and a record low of 2.0 % in Dec 1985

CEIC calculates Market Capitalization as % of Nominal GDP from monthly Market Capitalization and annual Nominal GDP. Philippine Stock Exchange provides Market Capitalization in local currency. Philippine Statistics Authority provides Nominal GDP in local currency. Market Capitalization as % of Nominal GDP prior to 1987 is calculated from annual Market Capitalization


Further information about Philippines Market Capitalization: % of GDP

  • In the latest reports, PSEi recorded a monthly P/E ratio of 13.4 in Apr 2024
  • PSEi closed at 6,433.1 points in May 2024

View Philippines's Market Capitalization: % of GDP from 1970 to 2023 in the chart:

Philippines Market Capitalization: % of GDP

What was Philippines's Market Capitalization: % of GDP in 2023?

Philippines Market Capitalization accounted for 68.8 % of its Nominal GDP in Dec 2023, compared with a percentage of 75.2 % in the previous year See the table below for more data.

Last Previous Min Max Unit Frequency Range
68.8 2023 75.2 2022 2.0 1985 110.8 2007 % yearly 1970 - 2023

Market Capitalization: % of GDP by Country Comparison

country/region Last Frequency Range
Algeria (%) 0.2 2023 yearly 1999 - 2023
Argentina (%) 34.7 2020 yearly 2004 - 2020
Armenia (%) 3.4 2023 yearly 2001 - 2023
Australia (%) 100.2 2023 yearly 1985 - 2023
Austria (%) 26.3 2023 yearly 2002 - 2023
Bahrain (%) 44.8 2023 yearly 2002 - 2023
Bangladesh (%) 7.2 2024 yearly 2006 - 2024
Belarus (%) 2.6 2016 yearly 2011 - 2016
Belgium (%) 108.4 2023 yearly 1975 - 2023
Bolivia (%) 16.4 2012 yearly 1994 - 2012
Bosnia and Herzegovina (%) 20.2 2022 yearly 2008 - 2022
Botswana (%) 18.2 2023 yearly 2003 - 2023
Brazil (%) 42.4 2022 yearly 1980 - 2022
Bulgaria (%) 8.4 2023 yearly 1999 - 2023
Canada (%) 143.8 2023 yearly 1977 - 2023
Chile (%) 57.9 2023 yearly 2003 - 2023
China (%) 61.3 2023 yearly 1995 - 2023
Colombia (%) 19.6 2023 yearly 2005 - 2023
Croatia (%) 30.0 2023 yearly 1994 - 2023
Cyprus (%) 12.2 2023 yearly 2004 - 2023
Czech Republic (%) 244.8 2023 yearly 1995 - 2023
Denmark (%) 174.8 2023 yearly 2006 - 2023
Ecuador (%) 7.0 2023 yearly 2000 - 2023
Egypt (%) 16.0 Aug 2024 monthly Jun 2004 - Aug 2024
Estonia (%) 13.2 2023 yearly 2000 - 2023
European Union (%) 54.4 2018 yearly 1975 - 2018
Finland (%) 95.7 2023 yearly 1992 - 2023
France (%) 127.9 2023 yearly 1975 - 2023
Georgia (%) 0.1 2016 yearly 2000 - 2016
Germany (%) 47.1 2023 yearly 1975 - 2023
Ghana (%) 8.8 2023 yearly 2008 - 2023
Greece (%) 38.8 2023 yearly 2008 - 2023
Hong Kong SAR, China (%) 1,039.2 2023 yearly 1985 - 2023
Hungary (%) 19.8 2023 yearly 2002 - 2023
Iceland (%) 61.0 2023 yearly 1994 - 2023
India (%) 123.3 2023 yearly 1993 - 2023
Indonesia (%) 55.8 2023 yearly 2010 - 2023
Iran (%) 61.6 2022 yearly 2005 - 2022
Ireland (%) 24.7 2022 yearly 1997 - 2022
Israel (%) 51.4 2023 yearly 2002 - 2023
Italy (%) 32.1 2022 yearly 1998 - 2022
Ivory Coast (%) 16.7 2023 yearly 1993 - 2023
Japan (%) 146.2 2023 yearly 1994 - 2023
Jordan (%) 46.8 2023 yearly 1978 - 2023
Kazakhstan (%) 20.3 2022 yearly 1998 - 2022
Kenya (%) 9.5 2023 yearly 2006 - 2023
South Korea (%) 106.5 2023 yearly 1997 - 2023
Kuwait (%) 80.1 2023 yearly 2000 - 2023
Kyrgyzstan (%) 7.6 2023 yearly 2009 - 2023
Latvia (%) 1.4 2023 yearly 2000 - 2023
Lebanon (%) 6.5 2021 yearly 2004 - 2021
Lithuania (%) 6.2 2023 yearly 1995 - 2023
Luxembourg (%) 62.3 2022 yearly 1975 - 2022
North Macedonia (%) 25.8 2023 yearly 2004 - 2023
Malawi (%) 40.7 Aug 2024 monthly Jan 2004 - Aug 2024
Malaysia (%) 92.9 2023 yearly 1981 - 2023
Malta (%) 22.6 2023 yearly 2002 - 2023
Mauritius (%) 38.9 2023 yearly 1999 - 2023
Mexico (%) 33.1 2023 yearly 1993 - 2023
Mongolia (%) 16.5 2023 yearly 1998 - 2023
Montenegro (%) 52.0 2023 yearly 2003 - 2023
Morocco (%) 42.8 2023 yearly 1992 - 2023
Mozambique (%) 13.7 2023 yearly 1999 - 2023
Nepal (%) 76.8 2024 yearly 2001 - 2024
Netherlands (%) 133.7 2023 yearly 1975 - 2023
New Zealand (%) 39.5 2022 yearly 1985 - 2022
Nigeria (%) 17.8 2023 yearly 1985 - 2023
Norway (%) 81.6 2023 yearly 1981 - 2023
Oman (%) 46.0 2023 yearly 2003 - 2023
Pakistan (%) 9.8 2024 yearly 2000 - 2024
Palestinian Territory (%) 26.6 2023 yearly 1999 - 2023
Panama (%) 20.4 2022 yearly 1993 - 2022
Paraguay (%) 3.5 1999 yearly 1996 - 1999
Peru (%) 65.8 2023 yearly 1992 - 2023
Philippines (%) 68.8 2023 yearly 1970 - 2023
Poland (%) 42.3 2023 yearly 2007 - 2023
Portugal (%) 36.1 2023 yearly 1997 - 2023
Qatar (%) 80.6 2023 yearly 1997 - 2023
Romania (%) 18.3 2023 yearly 1995 - 2023
Russia (%) 3.0 2023 yearly 1997 - 2023
Saudi Arabia (%) 281.2 2023 yearly 1996 - 2023
Serbia (%) 4.8 2023 yearly 2004 - 2023
Singapore (%) 119.2 2023 yearly 1979 - 2023
Slovakia (%) 1.5 2023 yearly 2001 - 2023
Slovenia (%) 14.3 2023 yearly 1997 - 2023
South Africa (%) 320.6 2022 yearly 1975 - 2022
Spain (%) 80.2 2023 yearly 1995 - 2023
Sri Lanka (%) 15.4 2023 yearly 1991 - 2023
Sudan (%) 0.9 2021 yearly 2002 - 2021
Sweden (%) 169.4 2023 yearly 2006 - 2023
Switzerland (%) 187.2 2023 yearly 2000 - 2023
Syria (%) 5.9 2022 yearly 2010 - 2022
Taiwan (%) 241.4 2023 yearly 1962 - 2023
Thailand (%) 104.4 2023 yearly 1975 - 2023
Tunisia (%) 16.2 2023 yearly 1995 - 2023
Turkey (%) 37.8 2023 yearly 1998 - 2023
Ukraine (%) 3.4 2018 yearly 2010 - 2018
United Arab Emirates (%) 190.5 2023 yearly 2002 - 2023
United Kingdom (%) 70.4 2023 yearly 1999 - 2023
United States (%) 156.5 2022 yearly 1975 - 2022

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Philippines Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.2 Jun 2024 quarterly Dec 1985 - Jun 2024
Consolidated Fiscal Balance (USD mn) -947.765 Aug 2024 monthly Jan 1985 - Aug 2024
Tax Revenue (USD mn) 5,598.766 Aug 2024 monthly Jan 1985 - Aug 2024
Tax Revenue: % of GDP (%) 15.6 Jun 2024 quarterly Mar 1985 - Jun 2024
National Government Debt (USD mn) 276,256.5 Aug 2024 monthly Jan 1993 - Aug 2024
Government Debt: % of GDP (%) 60.9 Jun 2024 quarterly Mar 1993 - Jun 2024
Forecast: Government Expenditure (PHP bn) 9,083.350 2028 yearly 1989 - 2028
Forecast: Government Net Debt (PHP bn) 19,652.200 2028 yearly 1993 - 2028
Forecast: Government Revenue (PHP bn) 8,212.060 2028 yearly 1989 - 2028
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 706,609.000 Aug 2024 monthly Jan 2006 - Aug 2024
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 12,386,572.746 Aug 2024 monthly Jan 2006 - Aug 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -4,375.4 Aug 2024 monthly Jan 1957 - Aug 2024
Total Exports (USD mn) 6,748.4 Aug 2024 monthly Jan 1979 - Aug 2024
Total Exports Growth (%) 0.3 Aug 2024 monthly Jan 1980 - Aug 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) 11,123.8 Aug 2024 monthly Jan 1979 - Aug 2024
Total Imports Growth (%) 2.7 Aug 2024 monthly Jan 1980 - Aug 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) 1,221.858 Aug 2024 monthly Jan 1978 - Aug 2024
Total Imports from USA (USD mn) 707.332 Aug 2024 monthly Jan 1986 - Aug 2024
Total Exports to China (USD mn) 849.385 Aug 2024 monthly Jan 1984 - Aug 2024
Total Imports from China (USD mn) 2,787.680 Aug 2024 monthly Jan 1986 - Aug 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) 243.5 Mar 2024 monthly Jan 2005 - Mar 2024
Current Account Balance (USD mn) -368.4 Mar 2024 monthly Jan 1999 - Mar 2024
Current Account Balance: % of GDP (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Foreign Direct Investment (USD mn) 820.5 Jul 2024 monthly Jan 2005 - Jul 2024
Foreign Direct Investment: % of GDP (%) 1.3 Jun 2024 quarterly Mar 2005 - Jun 2024
Foreign Portfolio Investment (USD mn) 2,742.116 Mar 2024 quarterly Mar 2005 - Mar 2024
Foreign Portfolio Investment: % of GDP (%) 2.5 Mar 2024 quarterly Dec 1980 - Mar 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 1,013.6 Mar 2024 quarterly Mar 1996 - Mar 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 1,728.469 Mar 2024 quarterly Mar 1977 - Mar 2024
External Debt (USD mn) 130,182.1 Jun 2024 quarterly Mar 2005 - Jun 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) -6.381 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -55,223.853 Jun 2024 quarterly Dec 2012 - Jun 2024
BoP: Change in Reserve Assets: Debit (USD mn) 1,190.104 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: Financial Derivatives (FD) (USD mn) -13.733 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 820.455 Jul 2024 monthly Jan 2005 - Jul 2024
BoP: CA: Services: Credit: Export (USD mn) 4,308.895 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) 109.462 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: Net Incurrence of Liabilities (USD mn) 4,419.031 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 243.491 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Credit: Receipts (USD mn) 6.570 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Primary Income (USD mn) 168.889 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Goods: Credit: Export (USD mn) 4,794.078 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Secondary Income: Debit: Payments (USD mn) 72.295 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Secondary Income (USD mn) 2,510.476 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Goods (USD mn) -4,431.392 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: Net Acquisition of Financial Assets (USD mn) 2,029.869 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -65.016 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Debit: Payments (USD mn) 0.925 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Services: Debit: Import (USD mn) 2,925.244 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -51.282 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Goods: Debit: Import (USD mn) 9,225.470 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: Portfolio Investment (PI) (USD mn) -119.678 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Services (USD mn) 1,383.651 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Import (USD mn) 13,531.426 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: Capital Account (CA) (USD mn) 5.645 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,582.771 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: Current Account (CA) (USD mn) -368.376 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: Direct Investment (DI) (USD mn) -442.262 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,477.307 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 1,861.610 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: Other Investments (OI) (USD mn) -1,813.489 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Primary Income: Debit: Payments (USD mn) 1,308.419 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 1,741.932 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: Financial Account (FA) (USD mn) -2,389.162 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 1,922.951 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Export (USD mn) 13,163.050 Mar 2024 monthly Jan 2005 - Mar 2024
External Debt: Medium and Long Term (USD mn) 112,285.213 Jun 2024 quarterly Mar 2005 - Jun 2024
External Debt: By Country Profile: Country: UK (USD mn) 4,168.759 Jun 2024 quarterly Mar 2005 - Jun 2024
External Debt: By Country Profile: Country: Japan (USD mn) 14,245.785 Jun 2024 quarterly Mar 2005 - Jun 2024
External Debt: By Country Profile: Country: France (USD mn) 1,201.744 Jun 2024 quarterly Mar 2005 - Jun 2024
External Debt: By Country Profile: Country: USA (USD mn) 3,057.389 Jun 2024 quarterly Mar 2005 - Jun 2024
External Debt: By Country Profile: Country: Germany (USD mn) 1,503.182 Jun 2024 quarterly Mar 2005 - Jun 2024
FDI: Approved: Administrative & Support Services (PHP mn) 2,494.846 Mar 2024 quarterly Mar 2010 - Mar 2024
FDI: Approved: Transportation & Storage (PHP mn) 55.215 Mar 2024 quarterly Mar 2010 - Mar 2024
FDI: Approved: Manufacturing (PHP mn) 12,620.963 Mar 2024 quarterly Mar 2010 - Mar 2024
FDI: Approved: Information & Communication (PHP mn) 150.278 Mar 2024 quarterly Mar 2010 - Mar 2024
FDI: Approved: Real Estate Activities (PHP mn) 2,205.659 Mar 2024 quarterly Mar 2010 - Mar 2024
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.6 Aug 2024 monthly Mar 2008 - Aug 2024
Household Debt: % of GDP (%) 11.0 Jun 2024 quarterly Mar 2009 - Jun 2024
Non-Performing Loans (USD mn) 8,534.681 Jun 2024 quarterly Mar 2008 - Jun 2024
Money Supply M1 (USD mn) 116,877.511 Jul 2024 monthly Dec 1988 - Jul 2024
Money Supply M2 (USD mn) 291,225.599 Jul 2024 monthly Dec 1988 - Jul 2024
M2 Growth (%) 7.8 Jul 2024 monthly Dec 1989 - Jul 2024
Reserve Requirement Ratio (%) 9.5 Sep 2024 monthly May 1986 - Sep 2024
Foreign Exchange Reserves (USD mn) 97,240.9 Sep 2024 monthly Jan 1960 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 8.4 Aug 2024 monthly Jan 1979 - Aug 2024
Gold Reserves (USD mn) 10,859.616 Sep 2024 monthly Dec 1956 - Sep 2024
Total Deposits (USD mn) 331,547.392 Jun 2024 quarterly Mar 2008 - Jun 2024
Total Deposits Growth (%) 9.5 Jun 2024 quarterly Mar 2009 - Jun 2024
Domestic Credit (USD mn) 326,023.2 Jul 2024 monthly Dec 2001 - Jul 2024
Domestic Credit Growth (%) 11.3 Jul 2024 monthly Dec 2002 - Jul 2024
Household Debt (USD mn) 47,678.1 Jun 2024 quarterly Mar 2009 - Jun 2024
Total Loans (USD mn) 237,770.682 Aug 2024 monthly Mar 2008 - Aug 2024
Total Loans Growth (%) 11.11 Aug 2024 monthly Mar 2009 - Aug 2024
Private Debt: % of Nominal GDP (%) 47.99 Jun 2024 quarterly Dec 2001 - Jun 2024
DCS: LA: M4: M3 (PHP mn) 17,488,056.958 Jul 2024 monthly Dec 2001 - Jul 2024
DCS: LA: M4: M3: M2 (PHP mn) 17,078,925.278 Jul 2024 monthly Dec 2001 - Jul 2024
DCS: LA: M4: M3: M2: M1 (PHP mn) 6,854,281.632 Jul 2024 monthly Dec 2001 - Jul 2024
DCS: Domestic Claims (DC) (PHP mn) 19,119,632.662 Jul 2024 monthly Dec 2001 - Jul 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 Sep 2024 monthly May 1986 - Sep 2024
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 2,806.717 Jun 2024 quarterly Mar 2009 - Jun 2024
CL: PBS: Real Estate: Residential (PHP bn) 1,038.657 Jun 2024 quarterly Mar 2009 - Jun 2024
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 4.1 Sep 2024 quarterly Jun 2002 - Sep 2024
Business Outlook: Index: Services: Current Quarter (Point) 36.706 Sep 2024 quarterly Jun 2001 - Sep 2024
Business Outlook: Index: Industry: Current Quarter (Point) 25.986 Sep 2024 quarterly Jun 2001 - Sep 2024
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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