Palma ratio wb in Philippines

Philippines: Palma ratio wb was 1.46 in 2023. ▼ Falling

Latest (2023)
1.46
Change on year
down 9.5%
World rank
51st
of 120 countries
All-time high
2.53
in 1997
All-time low
1.46
in 2023
Years of data
14
1985–2023

Palma ratio wb in Philippines, 1985–2023

01231985200420231985: 21988: 1.91991: 2.31994: 2.21997: 2.52000: 2.12003: 22006: 2.12009: 22012: 2.12015: 1.92018: 1.72021: 1.62023: 1.5

Source: Our World in Data.

Analysis

The most recent figure for palma ratio wb in Philippines is 1.46, measured in 2023. That is the lowest value across all 14 years on record.

The figure is down 9.5% on the previous year and down 29.9% over ten years.

Over the whole period, palma ratio wb in Philippines peaked at 2.53 in 1997 and was at its lowest, 1.46, in 2023.

Philippines ranks 51st of 120 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 14 years of available data.

Palma ratio wb in Philippines, year by year

Annual values for Palma ratio wb in Philippines, 1985 to 2023.
Year Value Change
1985 1.98 —
1988 1.92 -2.8%
1991 2.28 +18.8%
1994 2.17 -4.8%
1997 2.53 +16.5%
2000 2.14 -15.6%
2003 2 -6.3%
2006 2.14 +7.1%
2009 2.03 -5.4%
2012 2.08 +2.4%
2015 1.88 -9.4%
2018 1.66 -12.0%
2021 1.61 -2.9%
2023 1.46 -9.5%

Philippines compared with similar countries

  • Philippines's 1.46 is below the median for upper middle income countries, which is 1.5, 97% of the median. (35 countries reporting)
  • Philippines's 1.46 is above the median for East Asia & Pacific, which is 1.42, 1.0× the median. (11 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1980s 1.95 1.92 1.98 2
1990s 2.33 2.17 2.53 3
2000s 2.08 2 2.14 4
2010s 1.87 1.66 2.08 3
2020s 1.53 1.46 1.61 2

Countries ranked near Philippines

  1. 48 Iran 1.5 compare
  2. 49 Mali 1.48 compare
  3. 50 Lithuania 1.48 compare
  4. 52 Cote d'Ivoire 1.45 compare
  5. 53 Laos 1.43 compare
  6. 54 Indonesia 1.42 compare

See the full ranking of 120 places →

More reference data data for Philippines

All data for Philippines →

Frequently asked questions

What is palma ratio wb in Philippines?
Palma ratio wb in Philippines was 1.46 in 2023, according to Our World in Data.
What is the highest palma ratio wb recorded in Philippines?
The highest recorded value was 2.53 in 1997.
What is the lowest palma ratio wb recorded in Philippines?
The lowest recorded value was 1.46 in 2023.
How does Philippines rank for palma ratio wb?
Philippines ranks 51st out of 120 countries with data for 2023.
Is palma ratio wb rising or falling in Philippines?
Over the last ten years it is down 29.9%. The long-run trend across the full record is falling.
Where does this Philippines data come from?
The figures come from Our World in Data, published as part of Palma ratio wb. Statizoid updates them automatically from the source API.

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Palma ratio wb in Philippines. Statizoid, drawing on Our World in Data. Retrieved 14 November 2026, from https://reference.statizoid.com/stat/palma-ratio-wb/philippines/

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About this data

Indicator
Palma ratio wb
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
120 places, 2,152 data points, 1963–2025
Last refreshed