In 2019, the unemployment rate in the Philippines was at approximately 2.24 percent and on a steady downward trend from 3.6 percent in 2014.
Souvenirs from overseas
The Philippines’ economy relies heavily on remittances from overseas, i.e. money sent home by Filipino emigrants and workers in other countries. In 2016 alone, approximately 30 billion U.S. dollars were received as remittances in the Philippines, and the amount seems to increase significantly every year. This makes the Philippines one of the leading countries worldwide when it comes to receiving remittances, only surpassed by India and China.
Visitors from overseas
The Philippines’ economy is stable, not only because of remittances, but also because of a flourishing services sector, which is now the main generator of GDP in the country; tourism and IT in particular contribute to economic growth. More than half of the Philippines workforce is employed in services.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
World Bank. (January 28, 2025). Philippines: Unemployment rate from 1999 to 2023 [Graph]. In Statista. Retrieved February 12, 2025, from https://www.statista.com/statistics/578722/unemployment-rate-in-philippines/?__sso_cookie_checker=failed
World Bank. "Philippines: Unemployment rate from 1999 to 2023." Chart. January 28, 2025. Statista. Accessed February 12, 2025. https://www.statista.com/statistics/578722/unemployment-rate-in-philippines/?__sso_cookie_checker=failed
World Bank. (2025). Philippines: Unemployment rate from 1999 to 2023. Statista. Statista Inc.. Accessed: February 12, 2025. https://www.statista.com/statistics/578722/unemployment-rate-in-philippines/?__sso_cookie_checker=failed
World Bank. "Philippines: Unemployment Rate from 1999 to 2023." Statista, Statista Inc., 28 Jan 2025, https://www.statista.com/statistics/578722/unemployment-rate-in-philippines/?__sso_cookie_checker=failed
World Bank, Philippines: Unemployment rate from 1999 to 2023 Statista, https://www.statista.com/statistics/578722/unemployment-rate-in-philippines/?__sso_cookie_checker=failed (last visited February 12, 2025)
Philippines: Unemployment rate from 1999 to 2023 [Graph], World Bank, January 28, 2025. [Online]. Available: https://www.statista.com/statistics/578722/unemployment-rate-in-philippines/?__sso_cookie_checker=failed