Philippines Motor Vehicles Sales Growth

1997 - 2024 | Monthly | % | CEIC Data

Key information about Philippines Motor Vehicles Sales Growth

  • Philippines Motor Vehicles Sales grew 4.9 % in Oct 2024, compared with a growth of 2.4 % in the previous month.
  • Philippines Motor Vehicles Sales Growth rate is updated monthly, available from Jan 1997 to Oct 2024, with an average growth rate of 7.6 %.
  • The data reached an all-time high of 13,315.8 % in Apr 2021 and a record low of -99.5 % in Apr 2020.
  • Car Sales of Philippines recorded 40,003.0 units in Oct 2024.

CEIC calculates monthly Motor Vehicles Sales Growth from monthly Motor Vehicles Sales. The Chamber of Automotive Manufacturers of the Philippines Inc. provides Motor Vehicles Sales.

View Philippines's Motor Vehicles Sales Growth from Jan 1997 to Oct 2024 in the chart:

Philippines Motor Vehicles Sales Growth

What was Philippines's Motor Vehicles Sales Growth in Oct 2024?

Philippines Motor Vehicles Sales grew 4.9 % in Oct 2024, compared with a growth of 2.4 % in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
4.9 Oct 2024 2.4 Sep 2024 -99.5 Apr 2020 13,315.8 Apr 2021 % monthly Jan 1997 - Oct 2024

Motor Vehicles Sales Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 38.9 2019 yearly 2006 - 2019
Algeria (%) -1.8 2019 yearly 2006 - 2019
Argentina (%) 35.0 Nov 2024 monthly Jan 1997 - Nov 2024
Armenia (%) -32.8 2019 yearly 2006 - 2019
Australia (%) -11.6 Nov 2024 monthly Jan 1995 - Nov 2024
Austria (%) 14.0 2023 yearly 2006 - 2023
Azerbaijan (%) 67.5 2019 yearly 2006 - 2019
Bahrain (%) -16.0 2019 yearly 2006 - 2019
Bangladesh (%) 5.4 2019 yearly 2006 - 2019
Belarus (%) 20.9 2019 yearly 2006 - 2019
Belgium (%) -6.9 2022 yearly 2006 - 2022
Bolivia (%) -12.1 2019 yearly 2006 - 2019
Bosnia and Herzegovina (%) -52.5 2019 yearly 2006 - 2019
Botswana (%) -87.1 2019 yearly 2006 - 2019
Brazil (%) 19.2 Nov 2024 monthly Jan 2003 - Nov 2024
Brunei (%) 20.1 Nov 2020 monthly Jan 2011 - Nov 2020
Bulgaria (%) 8.8 2022 yearly 2006 - 2022
Cambodia (%) 12.6 2019 yearly 2006 - 2019
Canada (%) 7.6 Oct 2024 monthly Jan 1947 - Oct 2024
Chile (%) 10.1 Oct 2024 monthly Jan 2010 - Oct 2024
China (%) 7.0 Oct 2024 monthly Jan 2001 - Oct 2024
Colombia (%) 38.4 Oct 2024 monthly Jan 2004 - Oct 2024
Croatia (%) 31.2 2023 yearly 2006 - 2023
Cyprus (%) -3.9 2019 yearly 2006 - 2019
Czech Republic (%) 10.2 Dec 2020 monthly Jan 2012 - Dec 2020
Denmark (%) 12.7 2023 yearly 2006 - 2023
Ecuador (%) -1.6 2023 yearly 2006 - 2023
Egypt (%) -50.9 2023 yearly 2006 - 2023
Estonia (%) 18.6 2019 yearly 2006 - 2019
Finland (%) 6.3 2023 yearly 2006 - 2023
France (%) -9.9 2022 yearly 2006 - 2022
Georgia (%) -3.4 2019 yearly 2006 - 2019
Germany (%) -0.3 2022 yearly 2006 - 2022
Ghana (%) -19.4 2019 yearly 2006 - 2019
Greece (%) 25.7 2023 yearly 2006 - 2023
Hong Kong SAR, China (%) -12.8 2019 yearly 2006 - 2019
Hungary (%) 0.1 2023 yearly 2006 - 2023
Iceland (%) -34.2 2019 yearly 2006 - 2019
India (%) 2.8 Mar 2022 monthly May 2002 - Mar 2022
Indonesia (%) -11.9 Nov 2024 monthly Jan 1990 - Nov 2024
Iran (%) -31.7 2019 yearly 2006 - 2019
Ireland (%) 17.4 2023 yearly 2006 - 2023
Israel (%) 24.7 2023 yearly 2006 - 2023
Italy (%) 19.2 2023 yearly 2006 - 2023
Ivory Coast (%) 15.8 2019 yearly 2006 - 2019
Japan (%) -5.2 Nov 2024 monthly Jan 1992 - Nov 2024
Jordan (%) 3.6 2019 yearly 2006 - 2019
Kazakhstan (%) 70.9 2023 yearly 2006 - 2023
Kenya (%) -23.9 2019 yearly 2006 - 2019
South Korea (%) 4.9 Oct 2024 monthly Jan 1995 - Oct 2024
Kuwait (%) 17.6 2023 yearly 2006 - 2023
Kyrgyzstan (%) -35.8 2019 yearly 2006 - 2019
Laos (%) 16.8 2019 yearly 2006 - 2019
Latvia (%) 0.8 2019 yearly 2006 - 2019
Lebanon (%) -33.8 2019 yearly 2006 - 2019
Lithuania (%) 30.7 2019 yearly 2006 - 2019
Luxembourg (%) 4.4 2019 yearly 2006 - 2019
North Macedonia (%) 5.9 2019 yearly 2006 - 2019
Malawi (%) 1.6 2019 yearly 2006 - 2019
Malaysia (%) -7.8 Nov 2024 monthly Jul 1995 - Nov 2024
Malta (%) -6.1 2019 yearly 2006 - 2019
Mauritius (%) 3.0 2019 yearly 2006 - 2019
Mexico (%) 7.5 Oct 2024 monthly Jan 1996 - Oct 2024
Moldova (%) 7.7 2019 yearly 2006 - 2019
Mongolia (%) -41.0 2019 yearly 2006 - 2019
Morocco (%) 0.1 2023 yearly 2006 - 2023
Myanmar (%) 43.8 2019 yearly 2006 - 2019
Nepal (%) 3.5 2019 yearly 2006 - 2019
Netherlands (%) 18.9 2023 yearly 2006 - 2023
New Zealand (%) -9.5 2023 yearly 1976 - 2023
Nigeria (%) -42.4 2019 yearly 2006 - 2019
Norway (%) -21.9 2023 yearly 2006 - 2023
Oman (%) -0.2 2019 yearly 2006 - 2019
Pakistan (%) 115.5 Oct 2024 monthly Jul 2006 - Oct 2024
Palestinian Territory (%) -25.3 2019 yearly 2006 - 2019
Panama (%) -3.1 Sep 2024 monthly Jan 2006 - Sep 2024
Paraguay (%) -15.0 2019 yearly 2006 - 2019
Peru (%) 1.9 2023 yearly 2006 - 2023
Philippines (%) 4.9 Oct 2024 monthly Jan 1997 - Oct 2024
Poland (%) 11.4 2023 yearly 2006 - 2023
Portugal (%) 10.0 Oct 2024 monthly Jan 2001 - Oct 2024
Qatar (%) 0.1 2019 yearly 2006 - 2019
Romania (%) 13.3 2023 yearly 2006 - 2023
Russia (%) 16.7 Nov 2024 monthly Jan 2009 - Nov 2024
Saudi Arabia (%) 23.1 2023 yearly 2006 - 2023
Serbia (%) 4.5 2019 yearly 2006 - 2019
Singapore (%) 67.3 Sep 2024 monthly Jan 2011 - Sep 2024
Slovakia (%) 13.1 2023 yearly 2006 - 2023
Slovenia (%) -14.9 2022 yearly 2006 - 2022
South Africa (%) 5.5 Oct 2024 monthly Jan 2004 - Oct 2024
Spain (%) 17.6 2023 yearly 2006 - 2023
Sri Lanka (%) -27.0 2019 yearly 2006 - 2019
Sudan (%) -13.8 2019 yearly 2006 - 2019
Sweden (%) 3.6 2023 yearly 2006 - 2023
Switzerland (%) 12.9 2023 yearly 2006 - 2023
Syria (%) 62.8 2019 yearly 2006 - 2019
Taiwan (%) -8.1 Oct 2024 monthly Jan 1998 - Oct 2024
Tajikistan (%) 0.8 2019 yearly 2006 - 2019
Thailand (%) -36.1 Oct 2024 monthly Dec 1992 - Oct 2024
Tunisia (%) -5.3 2019 yearly 2006 - 2019

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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) 110.644 Oct 2024 monthly Jan 1985 - Oct 2024
Tax Revenue (USD mn) 7,240.148 Oct 2024 monthly Jan 1985 - Oct 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) -5,087.0 Sep 2024 monthly Jan 1957 - Sep 2024
Total Exports (USD mn) 6,257.6 Sep 2024 monthly Jan 1979 - Sep 2024
Total Exports Growth (%) -7.6 Sep 2024 monthly Jan 1980 - Sep 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) 11,344.6 Sep 2024 monthly Jan 1979 - Sep 2024
Total Imports Growth (%) 9.9 Sep 2024 monthly Jan 1980 - Sep 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) 1,082.743 Sep 2024 monthly Jan 1978 - Sep 2024
Total Imports from USA (USD mn) 681.328 Sep 2024 monthly Jan 1986 - Sep 2024
Total Exports to China (USD mn) 830.355 Sep 2024 monthly Jan 1984 - Sep 2024
Total Imports from China (USD mn) 2,835.235 Sep 2024 monthly Jan 1986 - Sep 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) 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) 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) 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) -8.070 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) 3,540.703 Sep 2024 monthly Jan 2005 - 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: 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) 820.455 Jul 2024 monthly Jan 2005 - Jul 2024
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 2,750.794 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Primary Income (USD mn) 414.176 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: Credit: Receipts (USD mn) 7.553 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: Secondary Income: Debit: Payments (USD mn) 93.584 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: Credit: Export (USD mn) 4,544.863 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Goods (USD mn) -6,428.866 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: Services: Debit: Import (USD mn) 3,242.350 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: Capital Account (CA) (USD mn) 7.090 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Debit: Payments (USD mn) 0.463 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: Net Acquisition of Financial Assets (USD mn) 1,867.029 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: Import (USD mn) 15,398.524 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: PI: Net Incurrence of Liabilities (USD mn) 2,863.171 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: CA: Services (USD mn) 1,103.388 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Direct Investment (DI) (USD mn) -424.122 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: Credit: Receipts (USD mn) 1,503.036 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: Other Investments (OI) (USD mn) -5,935.605 Sep 2024 monthly Jan 2005 - Sep 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: Japan (USD mn) 14,245.785 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: Medium and Long Term (USD mn) 112,285.213 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
External Debt: By Country Profile: Country: France (USD mn) 1,201.744 Jun 2024 quarterly Mar 2005 - Jun 2024
FDI: Approved: Information & Communication (PHP mn) 7.490 Sep 2024 quarterly Mar 2010 - Sep 2024
FDI: Approved: Real Estate Activities (PHP mn) 13,131.164 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: Administrative & Support Services (PHP mn) 7,377.137 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 (%) 3.5 Sep 2024 monthly Mar 2008 - Sep 2024
Household Debt: % of GDP (%) 11.0 Jun 2024 quarterly Mar 2009 - Jun 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 Nov 2024 monthly May 1986 - Nov 2024
Foreign Exchange Reserves (USD mn) 95,242.3 Oct 2024 monthly Jan 1960 - Oct 2024
Foreign Exchange Reserves: Months of Import (NA) 8.6 Sep 2024 monthly Jan 1979 - Sep 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) 47,678.1 Jun 2024 quarterly Mar 2009 - Jun 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 (PHP mn) 17,651,191.493 Oct 2024 monthly Dec 2001 - Oct 2024
DCS: LA: M4: M3: M2 (PHP mn) 17,204,264.140 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 Nov 2024 monthly May 1986 - Nov 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: Industry: Current Quarter (Point) 25.986 Sep 2024 quarterly Jun 2001 - Sep 2024
Business Outlook: Index: Services: Current Quarter (Point) 36.706 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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