Philippines: Unemployment rate forecast

* indicates monthly or quarterly data series

Unemployment rate forecast

 Latest value 5.1
 Reference 2027
 Measure percent
 Source International Monetary Fund

For that indicator, we provide data for the Philippines from 1985 to 2027. The average value for the Philippines during that period was 8.32 percent with a minimum of 5.1 percent in 2019 and a maximum of 11.83 percent in 2004. The latest value from 2027 is 5.1 percent. For comparison, the world average in 2027 based on 100 countries is 6.65 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

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Definition: The unemployment rate is the number of unemployed persons as a percentage of the labor force (the total number of people employed plus unemployed). The series includes actual historical values for past years and forecast values for the current and the next few years.
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