Foreign Trade In Services (As % of GDP) rose to 19.4% in Philippines in 2017

Foreign Trade In Services (As % of GDP) (%)
Economy | Philippines | May 17, 2019
$2.99
Excel Sheet

Foreign trade in services as a share of GDP reached 19.4 % in 2017 in Philippines, according to the National Statistical Office. This is 7.07 % more than in the previous year.

Historically, foreign trade in services as a share of GDP in Philippines reached an all time high of 35.5 % in 1997 and an all time low of 8.09 % in 1977. When compared to Philippines's main peers, foreign trade in services as a share of GDP in China amounted to 5.54 %, 5.72 % in Indonesia and 13.4 % in Vietnam in 2017.

Philippines has been ranked 73rd within the group of 156 countries we follow in terms of foreign trade in services as a share of GDP, 28 places above the position seen 10 years ago.

Trade in services is the sum of service exports and imports divided by the value of GDP, all in current US dollars.

Foreign Trade In Services (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Australia % 8.22% 7.80% 7.68% 8.48% 8.79%
Cambodia % 32.1% 34.0% 34.7% 35.3% 34.3%
China % 5.93% 5.64% 5.60% 6.22% 5.90%
Hong Kong % 66.6% 66.7% 65.3% 62.1% 57.7%
India % 11.9% 12.3% 12.3% 11.7% 11.4%
Indonesia % 6.00% 6.31% 6.35% 6.41% 6.17%
Japan % 5.14% 5.19% 5.94% 7.35% 7.77%
Laos % 10.1% 13.6% 15.4% 14.4% 13.4%
Malaysia % 25.9% 26.7% 27.0% 25.8% 25.3%
Philippines % 13.9% 13.9% 14.6% 16.3% 18.0%
Russia % 7.29% 7.75% 8.64% 9.05% 10.3%
Singapore % 86.9% 91.1% 96.5% 104% 105%
Taiwan % ... ... ... ... ... ... ... ... ...
Thailand % 23.6% 24.0% 25.3% 24.7% 26.0%
USA % 6.84% 6.84% 6.92% 6.97% 6.85%
Vietnam % 15.3% 13.9% 14.3% 13.7% 13.8%