Philippines Oil Consumption

1965 - 2023 | Yearly | Barrel/Day th | BP PLC

Key information about Philippines Oil Consumption

  • Philippines Oil Consumption was reported at 471.403 Barrel/Day th in Dec 2023
  • This records an increase from the previous number of 451.100 Barrel/Day th for Dec 2022
  • Philippines Oil Consumption data is updated yearly, averaging 283.230 Barrel/Day th from Dec 1965 to 2023, with 59 observations
  • The data reached an all-time high of 471.403 Barrel/Day th in 2023 and a record low of 97.354 Barrel/Day th in 1965
  • Philippines Oil Consumption data remains active status in CEIC and is reported by BP PLC
  • The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.OIL: Oil: Consumption

View Philippines's Oil Consumption from 1965 to 2023 in the chart:

Philippines Oil Consumption

What was Philippines's Oil Consumption in 2023?

Philippines Oil Consumption was reported at 471.403 Barrel/Day th in Dec 2023 See the table below for more data.

Last Previous Min Max Unit Frequency Range
471.403 2023 451.100 2022 97.354 1965 471.403 2023 Barrel/Day th yearly 1965 - 2023

Oil Consumption by Country Comparison

country/region Last Frequency Range
Algeria (Barrel/Day th) 439.929 2023 yearly 1965 - 2023
Argentina (Barrel/Day th) 689.692 2023 yearly 1965 - 2023
Australia (Barrel/Day th) 1,056.211 2023 yearly 1965 - 2023
Austria (Barrel/Day th) 234.051 2023 yearly 1965 - 2023
Azerbaijan (Barrel/Day th) 130.084 2023 yearly 1985 - 2023
Bangladesh (Barrel/Day th) 239.750 2023 yearly 1971 - 2023
Belarus (Barrel/Day th) 148.256 2023 yearly 1985 - 2023
Belgium (Barrel/Day th) 556.428 2023 yearly 1965 - 2023
Brazil (Barrel/Day th) 2,566.948 2023 yearly 1965 - 2023
Bulgaria (Barrel/Day th) 105.901 2023 yearly 1965 - 2023
Canada (Barrel/Day th) 2,351.163 2023 yearly 1965 - 2023
Chile (Barrel/Day th) 416.424 2023 yearly 1965 - 2023
China (Barrel/Day th) 16,576.537 2023 yearly 1965 - 2023
Colombia (Barrel/Day th) 484.497 2023 yearly 1965 - 2023
Croatia (Barrel/Day th) 69.922 2023 yearly 1990 - 2023
Cyprus (Barrel/Day th) 48.130 2023 yearly 1965 - 2023
Czech Republic (Barrel/Day th) 205.720 2023 yearly 1965 - 2023
Denmark (Barrel/Day th) 152.952 2023 yearly 1965 - 2023
Ecuador (Barrel/Day th) 287.414 2023 yearly 1965 - 2023
Egypt (Barrel/Day th) 741.902 2023 yearly 1965 - 2023
Estonia (Barrel/Day th) 26.663 2023 yearly 1985 - 2023
Finland (Barrel/Day th) 164.121 2023 yearly 1965 - 2023
France (Barrel/Day th) 1,347.801 2023 yearly 1965 - 2023
Germany (Barrel/Day th) 1,954.716 2023 yearly 1965 - 2023
Greece (Barrel/Day th) 296.870 2023 yearly 1965 - 2023
Hong Kong SAR, China (Barrel/Day th) 268.251 2023 yearly 1965 - 2023
Hungary (Barrel/Day th) 167.249 2023 yearly 1965 - 2023
Iceland (Barrel/Day th) 16.927 2023 yearly 1965 - 2023
India (Barrel/Day th) 5,446.103 2023 yearly 1965 - 2023
Indonesia (Barrel/Day th) 1,603.769 2023 yearly 1965 - 2023
Iran (Barrel/Day th) 1,816.840 2023 yearly 1965 - 2023
Iraq (Barrel/Day th) 772.000 2022 yearly 1965 - 2022
Ireland (Barrel/Day th) 147.605 2023 yearly 1965 - 2023
Israel (Barrel/Day th) 223.346 2023 yearly 1965 - 2023
Italy (Barrel/Day th) 1,221.035 2023 yearly 1965 - 2023
Japan (Barrel/Day th) 3,365.773 2023 yearly 1965 - 2023
Kazakhstan (Barrel/Day th) 348.999 2023 yearly 1985 - 2023
South Korea (Barrel/Day th) 2,796.973 2023 yearly 1965 - 2023
Kuwait (Barrel/Day th) 411.498 2023 yearly 1965 - 2023
Latvia (Barrel/Day th) 36.000 2022 yearly 1985 - 2022
Lithuania (Barrel/Day th) 65.140 2023 yearly 1985 - 2023
Luxembourg (Barrel/Day th) 49.000 2022 yearly 1965 - 2022
North Macedonia (Barrel/Day th) 24.000 2022 yearly 1990 - 2022
Malaysia (Barrel/Day th) 929.556 2023 yearly 1965 - 2023
Mexico (Barrel/Day th) 1,961.618 2023 yearly 1965 - 2023
Morocco (Barrel/Day th) 300.366 2023 yearly 1965 - 2023
Netherlands (Barrel/Day th) 850.292 2023 yearly 1965 - 2023
New Zealand (Barrel/Day th) 156.557 2023 yearly 1965 - 2023
Norway (Barrel/Day th) 213.354 2023 yearly 1965 - 2023
Oman (Barrel/Day th) 226.000 2022 yearly 1965 - 2022
Pakistan (Barrel/Day th) 393.519 2023 yearly 1965 - 2023
Peru (Barrel/Day th) 268.919 2023 yearly 1965 - 2023
Philippines (Barrel/Day th) 471.403 2023 yearly 1965 - 2023
Poland (Barrel/Day th) 699.843 2023 yearly 1965 - 2023
Portugal (Barrel/Day th) 216.321 2023 yearly 1965 - 2023
Qatar (Barrel/Day th) 369.968 2023 yearly 1965 - 2023
Romania (Barrel/Day th) 223.411 2023 yearly 1965 - 2023
Russia (Barrel/Day th) 3,634.960 2023 yearly 1985 - 2023
Saudi Arabia (Barrel/Day th) 4,051.907 2023 yearly 1965 - 2023
Singapore (Barrel/Day th) 1,359.343 2023 yearly 1965 - 2023
Slovakia (Barrel/Day th) 88.235 2023 yearly 1965 - 2023
Slovenia (Barrel/Day th) 54.000 2022 yearly 1990 - 2022
South Africa (Barrel/Day th) 522.421 2023 yearly 1965 - 2023
Spain (Barrel/Day th) 1,227.784 2023 yearly 1965 - 2023
Sri Lanka (Barrel/Day th) 98.000 2022 yearly 1965 - 2022
Sweden (Barrel/Day th) 240.332 2023 yearly 1965 - 2023
Switzerland (Barrel/Day th) 188.357 2023 yearly 1965 - 2023
Taiwan (Barrel/Day th) 839.579 2023 yearly 1965 - 2023
Thailand (Barrel/Day th) 1,221.144 2023 yearly 1965 - 2023
Trinidad and Tobago (Barrel/Day th) 32.645 2023 yearly 1965 - 2023
Turkey (Barrel/Day th) 1,135.886 2023 yearly 1965 - 2023
Turkmenistan (Barrel/Day th) 145.936 2023 yearly 1985 - 2023
Ukraine (Barrel/Day th) 203.797 2023 yearly 1985 - 2023
United Arab Emirates (Barrel/Day th) 1,139.420 2023 yearly 1965 - 2023
United Kingdom (Barrel/Day th) 1,324.763 2023 yearly 1965 - 2023
United States (Barrel/Day th) 18,983.557 2023 yearly 1965 - 2023
Uzbekistan (Barrel/Day th) 125.983 2023 yearly 1985 - 2023
Venezuela (Barrel/Day th) 396.384 2023 yearly 1965 - 2023
Vietnam (Barrel/Day th) 602.111 2023 yearly 1965 - 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) -4,873.545 Sep 2024 monthly Jan 1985 - Sep 2024
Tax Revenue (USD mn) 4,520.298 Sep 2024 monthly Jan 1985 - Sep 2024
Tax Revenue: % of GDP (%) 15.6 Sep 2024 quarterly Mar 1985 - Sep 2024
National Government Debt (USD mn) 284,357.4 Sep 2024 monthly Jan 1993 - Sep 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) -5,087.0 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
Import Value Index (2015=100) 166.404 2021 yearly 1980 - 2021
Export Value Index (2015=100) 126.842 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 (%) 1.1 Jun 2024 quarterly Dec 1980 - Jun 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) -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) 1,190.104 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: PI: Net Acquisition of Financial Assets (USD mn) 1,741.932 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: CA: Credit: Receipts (USD mn) 6.570 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 Acquisition of Financial Assets (USD mn) 243.491 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: Secondary Income: Debit: Payments (USD mn) 72.295 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: Primary Income (USD mn) 168.889 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Services: Credit: Export (USD mn) 4,308.895 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Goods (USD mn) -4,431.392 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: Financial Account (FA) (USD mn) -2,389.162 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Secondary Income (USD mn) 2,510.476 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: Capital Account (CA) (USD mn) 5.645 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: Net Acquisition of Financial Assets (USD mn) 2,029.869 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: Debit: Payments (USD mn) 0.925 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Import (USD mn) 13,531.426 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: 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: Export (USD mn) 13,163.050 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: Current Account (CA) (USD mn) -368.376 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: Direct Investment (DI) (USD mn) -442.262 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: Secondary Income: Credit: Receipts (USD mn) 2,582.771 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: OI: Net Incurrence of Liabilities (USD mn) 1,922.951 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
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
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: By Country Profile: Country: France (USD mn) 1,201.744 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
FDI: Approved: Transportation & Storage (PHP mn) 55.215 Mar 2024 quarterly Mar 2010 - Mar 2024
FDI: Approved: Administrative & Support Services (PHP mn) 2,494.846 Mar 2024 quarterly Mar 2010 - Mar 2024
FDI: Approved: Real Estate Activities (PHP mn) 2,205.659 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
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 Oct 2024 monthly May 1986 - Oct 2024
Foreign Exchange Reserves (USD mn) 97,240.9 Sep 2024 monthly Jan 1960 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 8.6 Sep 2024 monthly Jan 1979 - Sep 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 (%) 48.13 Sep 2024 quarterly Dec 2001 - Sep 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: LA: M4: M3 (PHP mn) 17,488,056.958 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 Oct 2024 monthly May 1986 - Oct 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

More Indicators for Philippines

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