National Accounts: Real Total Domestic Demand for Philippines
PHLNTDDRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.95
Year-over-Year Change
-38.92%
Date Range
1/1/2016 - 1/1/2024
Summary
The National Accounts: Real Total Domestic Demand for Philippines measures the total domestic expenditure in the Philippine economy, adjusted for inflation. This indicator is a key gauge of overall economic activity and consumer demand.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Real Total Domestic Demand represents the total final consumption expenditure and gross capital formation within the Philippines, expressed in constant prices. It is a comprehensive metric used by economists and policymakers to assess the health and momentum of the domestic economy.
Methodology
This data is compiled by the Philippine Statistics Authority based on national income accounts.
Historical Context
Domestic demand trends are closely monitored by the Central Bank of the Philippines and other institutions to inform economic and monetary policy decisions.
Key Facts
- Real total domestic demand in the Philippines grew by 6.2% in 2022.
- Domestic demand accounts for over 90% of the Philippines' gross domestic product.
- The COVID-19 pandemic caused a 9.6% contraction in real total domestic demand in 2020.
FAQs
Q: What does this economic trend measure?
A: The National Accounts: Real Total Domestic Demand for Philippines measures the total final consumption and investment expenditure within the domestic Philippine economy, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real total domestic demand is a key indicator of overall economic activity and consumer spending power in the Philippines, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: This data is compiled by the Philippine Statistics Authority based on national income accounts and expenditure data.
Q: How is this trend used in economic policy?
A: Domestic demand trends are closely monitored by the Central Bank of the Philippines and other institutions to inform monetary and fiscal policy decisions aimed at supporting sustainable economic growth.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions by the Philippine Statistics Authority, and there may be a lag of several months between the end of a reporting period and the release of the finalized figures.
Related Trends
Use of Financial Services: Key Indicators, Outstanding Loans from Credit Unions and Financial Cooperatives for Philippines
PHLFCSODUGGDPPT
Number of Identified Exporters to Philippines from Louisiana
LAPHLA475SCEN
Number of Identified Exporters to Philippines from Ohio
OHPHLA475SCEN
Number of Identified Exporters to Philippines from Montana
MTPHLA475SCEN
Number of Identified Exporters to Philippines from U.S. Virgin Islands
VIPHLA475SCEN
Use of Financial Services: Key Indicators Active Mobile Money Accounts Per 1000 Adults for Philippines
PHLFCMAAANUM
Citation
U.S. Federal Reserve, National Accounts: Real Total Domestic Demand for Philippines (PHLNTDDRPCPPPT), retrieved from FRED.