PHP to HUF Rate Chart

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PHP Popular Exchange Rates(today)

Exchange Rate Last day
PHP to GBP rate 0.01493 ▼
PHP to EUR rate 0.01695 ▼
PHP to AUD rate 0.0275 ▼
PHP to CAD rate 0.02493 ▼
PHP to USD rate 0.01837 ▼ 0.018406
PHP to NZD rate 0.02956 ▼
PHP to TRY rate 0.35184 ▼ 0.35241
PHP to DKK rate 0.12629 ▼ 0.1265
PHP to AED rate 0.06743 ▼
PHP to NOK rate 0.19173 ▼ 0.1918
PHP to SEK rate 0.19124 ▼ 0.1913
PHP to CHF rate 0.01688 ▼
PHP to JPY rate 2.43552 ▼ 2.4404
PHP to HKD rate 0.14422 ▼ 0.1444
PHP to MXN rate 0.3328 ▼ 0.3328
PHP to SGD rate 0.02444 ▼
PHP to ZAR rate 0.33306 ▼ 0.3333

Economic indicators of Philippines and HUF

Indicator Philippines HUF
Real Private Consumption 4,199,818
Mil. 2018 PHP, NSA, Quarterly; 2022 Q4
-
Private Consumption 3,890,831
Mil. PHP, NSA, Quarterly; 2019 Q4
-
Investment 1,265,058
Mil. PHP, NSA, Quarterly; 2019 Q4
-
Real GDP 2,654,444
Mil. 2000 PHP, NSA, Quarterly; 2019 Q4
-
Nominal GDP 5,282,837
Mil. PHP, NSA, Quarterly; 2019 Q4
-
Consumer Price Index (CPI) 121.4
Index 2018=100, NSA, Monthly; Feb 2023
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Producer Price Index (PPI) 98.03
Index 2018=100, NSA, Monthly; Jan 2023
-
Unemployment Rate 4.77
%, NSA, Monthly; Jan 2023
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Exports of Goods 4,044
Mil. USD, NSA, Monthly; Dec 2022
-
Imports of Goods 9,600
Mil. USD, NSA, Monthly; Dec 2022
-
Net Exports -513,324
Mil. PHP, NSA, Quarterly; 2019 Q4
-
Lending Rate 4.75
% p.a., NSA, Daily; 31 Dec 2018
-
Consumer Confidence -14.57
Index, NSA, Quarterly; 2022 Q4
-
Retail Sales 3,174,377
Tons, NSA, Quarterly; 2020 Q4
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PHP to HUF Historical Rates(table)

Date Open Highest Lowest Close
PHP to HUF (2023-03-30) 6.4558 6.4655 6.4682 6.4525
PHP to HUF (2023-03-29) 6.4655 6.4632 6.4874 6.4203
PHP to HUF (2023-03-28) 6.4521 6.6041 6.6080 6.4531
PHP to HUF (2023-03-27) 6.5979 6.5886 6.6391 6.5399
PHP to HUF (2023-03-24) 6.5802 6.5167 6.6782 6.5130
PHP to HUF (2023-03-23) 6.5096 6.5579 6.5657 6.4664
PHP to HUF (2023-03-22) 6.5522 6.6494 6.6851 6.5128
PHP to HUF (2023-03-21) 6.6418 6.7694 6.7938 6.6370
PHP to HUF (2023-03-20) 6.7632 6.8197 6.9212 6.7671
PHP to HUF (2023-03-17) 6.8069 6.7684 6.8598 6.7224
PHP to HUF (2023-03-16) 6.7604 6.8190 6.9030 6.7442
PHP to HUF (2023-03-15) 6.8141 6.5931 6.9307 6.5766
PHP to HUF (2023-03-14) 6.5892 6.6578 6.7339 6.5574
PHP to HUF (2023-03-13) 6.6520 6.5223 6.6963 6.4693
PHP to HUF (2023-03-10) 6.5185 6.5627 6.6116 6.4713
PHP to HUF (2023-03-09) 6.5579 6.4826 6.5845 6.4741
PHP to HUF (2023-03-08) 6.4764 6.5240 6.5532 6.4600
PHP to HUF (2023-03-07) 6.5173 6.4120 6.5321 6.3889
PHP to HUF (2023-03-06) 6.4038 6.5072 6.5209 6.4040
PHP to HUF (2023-03-03) 6.5024 6.4461 6.5420 6.4370
PHP to HUF (2023-03-02) 6.4380 6.3610 6.4668 6.3497

PHP to HUF Handy Conversion

1 PHP = 6.456 HUF
2 PHP = 12.912 HUF
3 PHP = 19.367 HUF
4 PHP = 25.823 HUF
5 PHP = 32.279 HUF
6 PHP = 38.735 HUF
7 PHP = 45.191 HUF
8 PHP = 51.646 HUF
9 PHP = 58.102 HUF
10 PHP = 64.558 HUF
15 PHP = 96.837 HUF
20 PHP = 129.116 HUF
25 PHP = 161.395 HUF
50 PHP = 322.79 HUF
100 PHP = 645.58 HUF
200 PHP = 1291.16 HUF
250 PHP = 1613.95 HUF
500 PHP = 3227.9 HUF
750 PHP = 4841.85 HUF
1000 PHP = 6455.8 HUF
1500 PHP = 9683.7 HUF
2000 PHP = 12911.6 HUF
5000 PHP = 32279 HUF
10000 PHP = 64558 HUF

Comparison between Philippines and HUF

Background comparison between [Philippines] and [HUF]

Philippines HUF

The Philippine Islands became a Spanish colony during the 16th century; they were ceded to the US in 1898 following the Spanish-American War. In 1935 the Philippines became a self-governing commonwealth. Manuel QUEZON was elected president and was tasked with preparing the country for independence after a 10-year transition. In 1942 the islands fell under Japanese occupation during World War II, and US forces and Filipinos fought together during 1944-45 to regain control. On 4 July 1946 the Republic of the Philippines attained its independence. A 20-year rule by Ferdinand MARCOS ended in 1986, when a "people power" movement in Manila ("EDSA 1") forced him into exile and installed Corazon AQUINO as president. Her presidency was hampered by several coup attempts that prevented a return to full political stability and economic development. Fidel RAMOS was elected president in 1992. His administration was marked by increased stability and by progress on economic reforms. In 1992, the US closed its last military bases on the islands. Joseph ESTRADA was elected president in 1998. He was succeeded by his vice-president, Gloria MACAPAGAL-ARROYO, in January 2001 after ESTRADA's stormy impeachment trial on corruption charges broke down and another "people power" movement ("EDSA 2") demanded his resignation. MACAPAGAL-ARROYO was elected to a six-year term as president in May 2004. Her presidency was marred by several corruption allegations but the Philippine economy was one of the few to avoid contraction following the 2008 global financial crisis, expanding each year of her administration. Benigno AQUINO III was elected to a six-year term as president in May 2010 and was succeeded by Rodrigo DUTERTE in May 2016.

The Philippine Government faces threats from several groups, some of which are on the US Government's Foreign Terrorist Organization list. Manila has waged a decades-long struggle against ethnic Moro insurgencies in the southern Philippines, which has led to a peace accord with the Moro National Liberation Front and ongoing peace talks with the Moro Islamic Liberation Front. The decades-long Maoist-inspired New People's Army insurgency also operates through much of the country. In 2017, Philippine armed forces battled an ISIS-Philippines siege in Marawi City, driving DUTERTE to declare martial law in the region. The Philippines faces increased tension with China over disputed territorial and maritime claims in the South China Sea.

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Geography comparison between [Philippines] and [HUF]

Philippines HUF
Location

Southeastern Asia, archipelago between the Philippine Sea and the South China Sea, east of Vietnam

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Geographic coordinates

13 00 N, 122 00 E

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Map references

Southeast Asia

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Area

total: 300,000 sq km

land: 298,170 sq km

water: 1,830 sq km

country comparison to the world: 74

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Land boundaries

0 km

-
Coastline

36,289 km

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Maritime claims

territorial sea: irregular polygon extending up to 100 nm from coastline as defined by 1898 treaty; since late 1970s has also claimed polygonal-shaped area in South China Sea as wide as 285 nm

exclusive economic zone: 200 nm

continental shelf: to the depth of exploitation

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Climate

tropical marine; northeast monsoon (November to April); southwest monsoon (May to October)

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Terrain

mostly mountains with narrow to extensive coastal lowlands

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Elevation

mean elevation: 442 m

elevation extremes: lowest point: Philippine Sea 0 m

highest point: Mount Apo 2,954 m

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Natural resources

timber, petroleum, nickel, cobalt, silver, gold, salt, copper

-
Land use

agricultural land: 41%

arable land 18.2%; permanent crops 17.8%; permanent pasture 5%

forest: 25.9%

other: 33.1% (2011 est.)

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Irrigated land

16,270 sq km (2012)

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Population - distribution

population concentrated where good farmlands lie; highest concentrations are northwest and south-central Luzon, the southeastern extension of Luzon, and the islands of the Visayan Sea, particularly Cebu and Negros; Manila is home to one-eighth of the entire national population

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Natural hazards

astride typhoon belt, usually affected by 15 and struck by five to six cyclonic storms each year; landslides; active volcanoes; destructive earthquakes; tsunamis

volcanism: significant volcanic activity; Taal (311 m), which has shown recent unrest and may erupt in the near future, has been deemed a Decade Volcano by the International Association of Volcanology and Chemistry of the Earth's Interior, worthy of study due to its explosive history and close proximity to human populations; Mayon (2,462 m), the country's most active volcano, erupted in 2009 forcing over 33,000 to be evacuated; other historically active volcanoes include Biliran, Babuyan Claro, Bulusan, Camiguin, Camiguin de Babuyanes, Didicas, Iraya, Jolo, Kanlaon, Makaturing, Musuan, Parker, Pinatubo, and Ragang

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Environment - current issues

uncontrolled deforestation especially in watershed areas; soil erosion; air and water pollution in major urban centers; coral reef degradation; increasing pollution of coastal mangrove swamps that are important fish breeding grounds

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Environment - international agreements

party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands, Whaling

signed, but not ratified: Air Pollution-Persistent Organic Pollutants

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Geography - note

note 1: favorably located in relation to many of Southeast Asia's main water bodies: the South China Sea, Philippine Sea, Sulu Sea, Celebes Sea, and Luzon Strait

note 2: for decades, the Philippine archipelago was reported as having 7,107 islands; in 2016, the national mapping authority reported that hundreds of new islands had been discovered and increased the number of islands to 7,641 - though not all of the new islands have been verified

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People comparison between [Philippines] and [HUF]

Philippines HUF
Population

104,256,076 (July 2017 est.)

country comparison to the world: 13

-
Nationality

noun: Filipino(s)

adjective: Philippine

-
Ethnic groups

Tagalog 28.1%, Cebuano 13.1%, Ilocano 9%, Bisaya/Binisaya 7.6%, Hiligaynon Ilonggo 7.5%, Bikol 6%, Waray 3.4%, other 25.3% (2000 census)

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Languages

Filipino (official; based on Tagalog) and English (official); eight major dialects - Tagalog, Cebuano, Ilocano, Hiligaynon or Ilonggo, Bicol, Waray, Pampango, and Pangasinan

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Religions

Catholic 82.9% (Roman Catholic 80.9%, Aglipayan 2%), Muslim 5%, Evangelical 2.8%, Iglesia ni Kristo 2.3%, other Christian 4.5%, other 1.8%, unspecified 0.6%, none 0.1% (2000 census)

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Dependency ratios

total dependency ratio: 58.2

youth dependency ratio: 51

elderly dependency ratio: 7.2

potential support ratio: 13.8 (2015 est.)

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Median age

total: 23.5 years

male: 23.1 years

female: 24 years (2017 est.)

country comparison to the world: 169

-
Population growth rate

1.57% (2017 est.)

country comparison to the world: 70

-
Birth rate

23.7 births/1,000 population (2017 est.)

country comparison to the world: 61

-
Death rate

6.1 deaths/1,000 population (2017 est.)

country comparison to the world: 156

-
Net migration rate

-2 migrant(s)/1,000 population (2017 est.)

country comparison to the world: 162

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Population distribution

population concentrated where good farmlands lie; highest concentrations are northwest and south-central Luzon, the southeastern extension of Luzon, and the islands of the Visayan Sea, particularly Cebu and Negros; Manila is home to one-eighth of the entire national population

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Urbanization

urban population: 44.2% of total population (2017)

rate of urbanization: 1.57% annual rate of change (2015-20 est.)

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Major urban areas - population

MANILA (capital) 12.946 million; Davao 1.63 million; Cebu City 951,000; Zamboanga 936,000 (2015)

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Sex ratio

at birth: 1.05 male(s)/female

0-14 years: 1.04 male(s)/female

15-24 years: 1.04 male(s)/female

25-54 years: 1.03 male(s)/female

55-64 years: 0.84 male(s)/female

65 years and over: 0.72 male(s)/female

total population: 1.01 male(s)/female (2017 est.)

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Mother's mean age at first birth

23 years

note: median age at first birth among women 25-29 (2013 est.)

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Maternal mortality ratio

114 deaths/100,000 live births (2015 est.)

country comparison to the world: 71

-
Infant mortality rate

total: 21.4 deaths/1,000 live births

male: 24.3 deaths/1,000 live births

female: 18.3 deaths/1,000 live births (2017 est.)

country comparison to the world: 77

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Life expectancy at birth

total population: 69.4 years

male: 65.9 years

female: 73.1 years (2017 est.)

country comparison to the world: 162

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Total fertility rate

3.02 children born/woman (2017 est.)

country comparison to the world: 55

-
Contraceptive prevalence rate

55.1% (2013)

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Health expenditures

4.7% of GDP (2014)

country comparison to the world: 152

-
Hospital bed density

1 beds/1,000 population (2011)

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Drinking water source

improved:

urban: 93.7% of population

rural: 90.3% of population

total: 91.8% of population

unimproved:

urban: 6.3% of population

rural: 9.7% of population

total: 8.2% of population (2015 est.)

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Sanitation facility access

improved:

urban: 77.9% of population

rural: 70.8% of population

total: 73.9% of population

unimproved:

urban: 22.1% of population

rural: 29.2% of population

total: 26.1% of population (2015 est.)

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HIV/AIDS - adult prevalence rate

0.1% (2016 est.)

country comparison to the world: 108

-
HIV/AIDS - people living with HIV/AIDS

56,000 (2016 est.)

country comparison to the world: 54

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HIV/AIDS - deaths

<1000 (2016 est.)

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Major infectious diseases

degree of risk: high

food or waterborne diseases: bacterial diarrhea, hepatitis A, and typhoid fever

vectorborne diseases: dengue fever and malaria

water contact disease: leptospirosis (2016)

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Obesity - adult prevalence rate

6.4% (2016)

country comparison to the world: 168

-
Children under the age of 5 years underweight

19.9% (2013)

country comparison to the world: 29

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Education expenditures

2.7% of GDP (2009)

country comparison to the world: 149

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Literacy

definition: age 15 and over can read and write

total population: 96.3%

male: 95.8%

female: 96.8% (2015 est.)

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School life expectancy (primary to tertiary education)

total: 13 years

male: 12 years

female: 13 years (2013)

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Unemployment, youth ages 15-24

total: 15%

male: 14.3%

female: 16% (2015 est.)

country comparison to the world: 89

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Government comparison between [Philippines] and [HUF]

Philippines HUF
Country name

conventional long form: Republic of the Philippines

conventional short form: Philippines

local long form: Republika ng Pilipinas

local short form: Pilipinas

etymology: named in honor of King PHILLIP II of Spain by Spanish explorer Ruy LOPEZ de VILLALOBOS, who visited some of the islands in 1543

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Government type

presidential republic

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Capital

name: Manila

geographic coordinates: 14 36 N, 120 58 E

time difference: UTC+8 (13 hours ahead of Washington, DC, during Standard Time)

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Administrative divisions

80 provinces and 39 chartered cities

provinces: Abra, Agusan del Norte, Agusan del Sur, Aklan, Albay, Antique, Apayao, Aurora, Basilan, Bataan, Batanes, Batangas, Biliran, Benguet, Bohol, Bukidnon, Bulacan, Cagayan, Camarines Norte, Camarines Sur, Camiguin, Capiz, Catanduanes, Cavite, Cebu, Compostela, Cotabato, Davao del Norte, Davao del Sur, Davao Oriental, Dinagat Islands, Eastern Samar, Guimaras, Ifugao, Ilocos Norte, Ilocos Sur, Iloilo, Isabela, Kalinga, Laguna, Lanao del Norte, Lanao del Sur, La Union, Leyte, Maguindanao, Marinduque, Masbate, Mindoro Occidental, Mindoro Oriental, Misamis Occidental, Misamis Oriental, Mountain, Negros Occidental, Negros Oriental, Northern Samar, Nueva Ecija, Nueva Vizcaya, Palawan, Pampanga, Pangasinan, Quezon, Quirino, Rizal, Romblon, Samar, Sarangani, Siquijor, Sorsogon, South Cotabato, Southern Leyte, Sultan Kudarat, Sulu, Surigao del Norte, Surigao del Sur, Tarlac, Tawi-Tawi, Zambales, Zamboanga del Norte, Zamboanga del Sur, Zamboanga Sibugay

chartered cities: Angeles, Antipolo, Bacolod, Baguio, Butuan, Cagayan de Oro, Caloocan, Cebu, Cotabato, Dagupan, Davao, General Santos, Iligan, Iloilo, Lapu-Lapu, Las Pinas, Lucena, Makati, Malabon, Mandaluyong, Mandaue, Manila, Marikina, Muntinlupa, Naga, Navotas, Olongapo, Ormoc, Paranaque, Pasay, Pasig, Puerto Princesa, Quezon, San Juan, Santiago, Tacloban, Taguig, Valenzuela, Zamboanga (2012)

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Independence

4 July 1946 (from the US)

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National holiday

Independence Day, 12 June (1898); note - 12 June 1898 was date of declaration of independence from Spain; 4 July 1946 was date of independence from the US

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Constitution

history: several previous; latest ratified 2 February 1987, effective 11 February 1987

amendments: proposed by Congress if supported by three-fourths of the membership, by a constitution convention called by Congress, or by public petition; passage by either of the 3 proposal methods requires a majority vote in a national referendum; note - the constitution has not been amended since its enactment in 1987 (2017)

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Legal system

mixed legal system of civil, common, Islamic, and customary law

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International law organization participation

accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction

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Citizenship

citizenship by birth: no

citizenship by descent only: at least one parent must be a citizen of the Philippines

dual citizenship recognized: no

residency requirement for naturalization: 10 years

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Suffrage

18 years of age; universal

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Executive branch

chief of state: President Rodrigo DUTERTE (since 30 June 2016); Vice President Leni ROBREDO (since 30 June 2016); note - the president is both chief of state and head of government

head of government: President Rodrigo DUTERTE (since 30 June 2016); Vice President Leni ROBREDO (since 30 June 2016)

cabinet: Cabinet appointed by the president with the consent of the Commission of Appointments, an independent body of 25 Congressional members including the Senate president (ex officio chairman), appointed by the president

elections/appointments: president and vice president directly elected on separate ballots by simple majority popular vote for a single 6-year term; election last held on 9 May 2016 (next to be held in May 2022)

election results: Rodrigo DUTERTE elected president; percent of vote - Rodrigo DUTERTE (PDP-Laban) 39%, Manuel "Mar" ROXAS (LP) 23.5%, Grace POE (independent) 21.4%, Jejomar BINAY (UNA) 12.7%, Miriam Defensor SANTIAGO (PRP) 3.4%; Leni ROBREDO elected vice president; percent of vote Leni ROBREDO (LP) 35.1%, Bongbong MARCOS (independent) 34.5%, Alan CAYETANO 14.4%, Francis ESCUDERO (independent) 12%, Antonio TRILLANES (independent) 2.1%, Gregorio HONASAN (UNA) 1.9%

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Legislative branch

description: bicameral Congress or Kongreso consists of the Senate or Senado (24 seats; members directly elected in multi-seat constituencies by majority vote; members serve 6-year terms with one-half of the membership renewed every 3 years) and the House of Representatives or Kapulungan Ng Mga Kinatawan (297 seats; 238 members directly elected in single-seat constituencies by simple majority vote and 59 representing minorities directly elected by party-list proportional representation vote; members serve 3-year terms)

elections: Senate - elections last held on 9 May 2016 (next to be held in May 2019); House of Representatives - elections last held on 9 May 2016 (next to be held in May 2019)

election results: Senate - percent of vote by party - LP 31.3%, NPC 10.1%, UNA 7.6%, Akbayan 5.0%, other 30.9%, independent 15.1%; seats by party - LP 6, NPC 3, UNA 4, Akbayan 1, other 10; House of Representatives - percent of vote by party - LP 41.7%, NPC 17.0%, UNA 6.6%, NUP 9.7%, NP 9.4%, independent 6.0%, others 10.1%; seats by party - LP 115, NPC 42, NUP 23, NP 24, UNA 11, other 19, independent 4, party-list 59

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Judicial branch

highest court(s): Supreme Court (consists of a chief justice and 14 associate justices)

judge selection and term of office: justices are appointed by the president on the recommendation of the Judicial and Bar Council, a constitutionally created, 6-member body that recommends Supreme Court nominees; justices serve until age 70

subordinate courts: Court of Appeals; Sandiganbayan (special court for corruption cases of government officials); Court of Tax Appeals; regional, metropolitan, and municipal trial courts; sharia courts

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Political parties and leaders

Akbayon [Machris CABREROS]

Laban ng Demokratikong Pilipino (Struggle of Filipino Democrats) or LDP [Edgardo ANGARA]

Lakas ng EDSA-Christian Muslim Democrats or Lakas-CMD [Ferdinand Martin ROMUALDEZ]

Liberal Party or LP [Francis PANGILINAN]

Nacionalista Party or NP [Manuel "Manny" VILLAR]

Nationalist People's Coalition or NPC [Eduardo COJUNGCO, Jr.]

National Unity Party or NUP [Albert GARCIA]

PDP-Laban [Aquilino PIMENTEL III]

People's Reform Party or PRP [Narcisco SANTIAGO]

Puwersa ng Masang Pilipino (Force of the Philippine Masses) or PMP [Joseph ESTRADA]

United Nationalist Alliance or UNA

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Political pressure groups and leaders

Black and White Movement or BWM [Vicente ROMANO]

People Action (Kilosbayan)

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International organization participation

ADB, APEC, ARF, ASEAN, BIS, CD, CICA (observer), CP, EAS, FAO, G-24, G-77, IAEA, IBRD, ICAO, ICC (national committees), ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), MIGA, MINUSTAH, NAM, OAS (observer), OPCW, PCA, PIF (partner), UN, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNMIL, UNMOGIP, UNOCI, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO

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Diplomatic representation in the US

chief of mission: Ambassador Jose Manuel del Gallego ROMUALDEZ (since 29 November 2017)

chancery: 1600 Massachusetts Avenue NW, Washington, DC 20036

telephone: [1] (202) 467-9300

FAX: [1] (202) 328-7614

consulate(s) general: Chicago, Honolulu, Los Angeles, New York, Saipan (Northern Mariana Islands), San Francisco, Tamuning (Guam)

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Diplomatic representation from the US

chief of mission: Ambassador Sung KIM (since 6 December 2016)

embassy: 1201 Roxas Boulevard, Manila 1000

mailing address: PSC 500, FPO AP 96515-1000

telephone: [63] (2) 301-2000

FAX: [63] (2) 301-2017

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Flag description

two equal horizontal bands of blue (top) and red; a white equilateral triangle is based on the hoist side; the center of the triangle displays a yellow sun with eight primary rays; each corner of the triangle contains a small, yellow, five-pointed star; blue stands for peace and justice, red symbolizes courage, the white equal-sided triangle represents equality; the rays recall the first eight provinces that sought independence from Spain, while the stars represent the three major geographical divisions of the country: Luzon, Visayas, and Mindanao; the design of the flag dates to 1897

note: in wartime the flag is flown upside down with the red band at the top

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National symbol(s)

three stars and sun, Philippine eagle; national colors: red, white, blue, yellow

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National anthem

name: "Lupang Hinirang" (Chosen Land)

lyrics/music: Jose PALMA (revised by Felipe PADILLA de Leon)/Julian FELIPE

note: music adopted 1898, original Spanish lyrics adopted 1899, Filipino (Tagalog) lyrics adopted 1956; although the original lyrics were written in Spanish, later English and Filipino versions were created; today, only the Filipino version is used

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Economy comparison between [Philippines] and [HUF]

Philippines HUF
Economy - overview

The economy has been relatively resilient to global economic shocks due to less exposure to troubled international securities, lower dependence on exports, relatively resilient domestic consumption, large remittances from about 10 million overseas Filipino workers and migrants, and a rapidly expanding services industry. During 2017, the current account balance fell into the negative range, the first time since the 2008 global financial crisis, in part due to an ambitious new infrastructure spending program announced this year. However, international reserves remain at comfortable levels and the banking system is stable.

Efforts to improve tax administration and expenditures management have helped ease the Philippines' debt burden and tight fiscal situation. The Philippines received investment-grade credit ratings on its sovereign debt under the former AQUINO administration and has had little difficulty financing its budget deficits. However, weak absorptive capacity and implementation bottlenecks have prevented the government from maximizing its expenditure plans. Although it has improved, the low tax-to-GDP ratio remains a constraint to supporting increasingly higher spending levels and sustaining high and inclusive growth over the longer term.

Economic growth has accelerated, averaging over 6% per year from 2011 to 2017, compared with 4.5% under the MACAPAGAL-ARROYO government; and competitiveness rankings have improved. Although 2017 saw a new record year for net foreign direct investment inflows, FDI to the Philippines has continued to lag regional peers, in part because the Philippine constitution and other laws limit foreign investment and restrict foreign ownership in important activities/sectors - such as land ownership and public utilities.

Although the economy grew at a rapid pace under the AQUINO government, challenges to achieving more inclusive growth remain. Wealth is concentrated in the hands of the rich. The unemployment rate declined from 7.3% to 5.7% between 2010 and 2017; while there has been some improvement, underemployment remains high at around 17% to 18% of the employed population. At least 40% of the employed work in the informal sector. Poverty afflicts more than a fifth of the total population but is as high as 75% in some areas of the southern Philippines. More than 60% of the poor reside in rural areas, where the incidence of poverty (about 30%) is more severe - a challenge to raising rural farm and non-farm incomes. Continued efforts are needed to improve governance, the judicial system, the regulatory environment, the infrastructure, and the overall ease of doing business.

2016 saw the election of President Rodrigo DUTERTE, who has pledged to make inclusive growth and poverty reduction his top priority. DUTERTE believes that illegal drug use, crime and corruption are key barriers to economic development. The administration wants to reduce the poverty rate to 17% and graduate the economy to upper-middle income status by the end of President DUTERTE’s term in 2022. Key themes under the government’s Ten-Point Socioeconomic Agenda include continuity of macroeconomic policy, tax reform, higher investments in infrastructure and human capital development, and improving competitiveness and the overall ease of doing business. The administration sees infrastructure shortcomings as a key barrier to sustained economic growth and has pledged to spend $165 billion on infrastructure by 2022. Although the final outcome has yet to be seen, the current administration is shepherding legislation for a comprehensive tax reform program to raise revenues for its ambitious infrastructure spending plan and to promote a more equitable and efficient tax system. However, the need to finance rehabilitation and reconstruction efforts in the southern region of Mindanao following the 2017 Marawi City siege may compete with other spending on infrastructure.

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GDP (purchasing power parity)

$874.5 billion (2017 est.)

$820.4 billion (2016 est.)

$767.2 billion (2015 est.)

note: data are in 2017 dollars

country comparison to the world: 30

-
GDP (official exchange rate)

$321.2 billion (2017 est.)

-
GDP - real growth rate

6.6% (2017 est.)

6.9% (2016 est.)

6.1% (2015 est.)

country comparison to the world: 16

-
GDP - per capita (PPP)

$8,200 (2017 est.)

$7,900 (2016 est.)

$7,500 (2015 est.)

note: data are in 2017 dollars

country comparison to the world: 152

-
Gross national saving

25.8% of GDP (2017 est.)

24.5% of GDP (2016 est.)

23.7% of GDP (2015 est.)

country comparison to the world: 47

-
GDP - composition, by end use

household consumption: 72.7%

government consumption: 10.9%

investment in fixed capital: 25.2%

investment in inventories: -0.2%

exports of goods and services: 32.1%

imports of goods and services: -40.7% (2017 est.)

-
GDP - composition, by sector of origin

agriculture: 9.4%

industry: 30.8%

services: 59.8% (2017 est.)

-
Agriculture - products

rice, fish, livestock, poultry, bananas, coconut/copra, corn, sugarcane, mangoes, pineapple, cassava

-
Industries

semiconductors and electronics assembly, business process outsourcing, food and beverage manufacturing, construction, electric/gas/water supply, chemical products, radio/television/communications equipment and apparatus, petroleum and fuel, textile and garments, non-metallic minerals, basic metal industries, transport equipment

-
Industrial production growth rate

6.5% (2017 est.)

country comparison to the world: 29

-
Labor force

44.46 million (2017 est.)

country comparison to the world: 16

-
Labor force - by occupation

agriculture: 26.9%

industry: 17.5%

services: 55.6% (2016 est.)

-
Unemployment rate

6% (2017 est.)

5.5% (2016 est.)

country comparison to the world: 86

-
Population below poverty line

21.6% (2017 est.)

-
Household income or consumption by percentage share

lowest 10%: 3.2%

highest 10%: 29.5% (2015 est.)

-
Distribution of family income - Gini index

44.4 (2015 est.)

46 (2012 est.)

country comparison to the world: 46

-
Budget

revenues: $44.74 billion

expenditures: $53.55 billion (2017 est.)

-
Taxes and other revenues

13.9% of GDP (2017 est.)

country comparison to the world: 198

-
Budget surplus (+) or deficit (-)

-2.7% of GDP (2017 est.)

country comparison to the world: 103

-
Public debt

41.9% of GDP (2017 est.)

42.1% of GDP (2016 est.)

country comparison to the world: 131

-
Fiscal year

calendar year

-
Inflation rate (consumer prices)

3.1% (2017 est.)

1.8% (2016 est.)

country comparison to the world: 130

-
Central bank discount rate

3.56% (31 December 2016 est.)

6.19% (31 December 2015 est.)

country comparison to the world: 101

-
Commercial bank prime lending rate

6% (31 December 2017 est.)

5.64% (31 December 2016 est.)

country comparison to the world: 127

-
Stock of narrow money

$68.16 billion (31 December 2017 est.)

$61.62 billion (31 December 2016 est.)

country comparison to the world: 48

-
Stock of broad money

$199 billion (31 December 2017 est.)

$183.5 billion (31 December 2016 est.)

country comparison to the world: 41

-
Stock of domestic credit

$207.4 billion (31 December 2017 est.)

$184.6 billion (31 December 2016 est.)

country comparison to the world: 46

-
Market value of publicly traded shares

$290.4 billion (31 December 2016 est.)

$286.1 billion (31 December 2015 est.)

$318 billion (31 December 2014 est.)

country comparison to the world: 29

-
Current account balance

$-315 million (2017 est.)

$601 million (2016 est.)

country comparison to the world: 97

-
Exports

$53.22 billion (2017 est.)

$43.44 billion (2016 est.)

country comparison to the world: 51

-
Exports - commodities

semiconductors and electronic products, machinery and transport equipment, wood manufactures, chemicals, processed food and beverages, garments, coconut oil, copper concentrates, seafood, bananas/fruits

-
Exports - partners

Japan 16.2%, US 14.8%, Hong Kong 13.7%, China 11.1%, Singapore 6.1%, Thailand 4.2%, Germany 4.1%, South Korea 4% (2017)

-
Imports

$90.42 billion (2017 est.)

$77.52 billion (2016 est.)

country comparison to the world: 37

-
Imports - commodities

electronic products, mineral fuels, machinery and transport equipment, iron and steel, textile fabrics, grains, chemicals, plastic

-
Imports - partners

China 18.1%, Japan 11.4%, South Korea 8.7%, US 8%, Thailand 7.1%, Indonesia 6.8%, Singapore 5.9%, Taiwan 5.3% (2016)

-
Reserves of foreign exchange and gold

$81.53 billion (31 December 2017 est.)

$80.69 billion (31 December 2016 est.)

country comparison to the world: 30

-
Debt - external

$80.88 billion (31 December 2017 est.)

$75.01 billion (31 December 2016 est.)

country comparison to the world: 56

-
Stock of direct foreign investment - at home

$67.25 billion (31 December 2017 est.)

$64.25 billion (31 December 2016 est.)

country comparison to the world: 54

-
Stock of direct foreign investment - abroad

$47.58 billion (31 December 2017 est.)

$45.38 billion (31 December 2016 est.)

country comparison to the world: 44

-
Exchange rates

Philippine pesos (PHP) per US dollar -

50.21 (2017 est.)

47.49 (2016 est.)

47.49 (2015 est.)

45.5 (2014 est.)

44.4 (2013 est.)

-

Energy comparison between [Philippines] and [HUF]

Philippines HUF
Electricity access

population without electricity: 20,600,000

electrification - total population: 88%

electrification - urban areas: 94%

electrification - rural areas: 82% (2013)

-
Electricity - production

90.8 billion kWh (2016 est.)

country comparison to the world: 37

-
Electricity - consumption

74.15 billion kWh (2016 est.)

country comparison to the world: 38

-
Electricity - exports

0 kWh (2016 est.)

country comparison to the world: 188

-
Electricity - imports

0 kWh (2016 est.)

country comparison to the world: 192

-
Electricity - installed generating capacity

21.21 million kW (2015 est.)

country comparison to the world: 42

-
Electricity - from fossil fuels

67.5% of total installed capacity (2016 est.)

country comparison to the world: 108

-
Electricity - from nuclear fuels

0% of total installed capacity (2017 est.)

country comparison to the world: 172

-
Electricity - from hydroelectric plants

16.9% of total installed capacity (2016 est.)

country comparison to the world: 97

-
Electricity - from other renewable sources

15.6% of total installed capacity (2016 est.)

country comparison to the world: 46

-
Crude oil - production

20,000 bbl/day (2016 est.)

country comparison to the world: 69

-
Crude oil - exports

4,942 bbl/day (2016 est.)

country comparison to the world: 63

-
Crude oil - imports

215,800 bbl/day (2016 est.)

country comparison to the world: 29

-
Crude oil - proved reserves

138.5 million bbl (1 January 2017 est.)

country comparison to the world: 68

-
Refined petroleum products - production

169,000 bbl/day (2014 est.)

country comparison to the world: 56

-
Refined petroleum products - consumption

390,000 bbl/day (2015 est.)

country comparison to the world: 38

-
Refined petroleum products - exports

13,140 bbl/day (2014 est.)

country comparison to the world: 78

-
Refined petroleum products - imports

186,100 bbl/day (2014 est.)

country comparison to the world: 33

-
Natural gas - production

2.6 billion cu m (2015 est.)

country comparison to the world: 57

-
Natural gas - consumption

3.196 billion cu m (2015 est.)

country comparison to the world: 77

-
Natural gas - exports

0 cu m (2016 est.)

country comparison to the world: 171

-
Natural gas - imports

0 cu m (2016 est.)

country comparison to the world: 179

-
Natural gas - proved reserves

98.54 billion cu m (1 January 2017 est.)

country comparison to the world: 53

-
Carbon dioxide emissions from consumption of energy

88 million Mt (2014 est.)

country comparison to the world: 44

-

Communications comparison between [Philippines] and [HUF]

Philippines HUF
Telephones - fixed lines

total subscriptions: 3,835,910.54

subscriptions per 100 inhabitants: 4 (July 2016 est.)

country comparison to the world: 40

-
Telephones - mobile cellular

total: 113 million

subscriptions per 100 inhabitants: 108 (July 2016 est.)

country comparison to the world: 14

-
Telephone system

general assessment: good international radiotelephone and submarine cable services; domestic and interisland service adequate

domestic: telecommunications infrastructure includes the following platforms: fixed line, mobile cellular, cable TV, over-the-air TV, radio and Very Small Aperture Terminal (VSAT), fiber-optic cable, and satellite for redundant international connectivity

international: country code - 63; a series of submarine cables together provide connectivity to the US, and to countries like Hong Kong, Guam, Singapore, Taiwan, Japan, Brunei, and Malaysia, among others; multiple international gateways (2016)

-
Broadcast media

multiple national private TV and radio networks; multi-channel satellite and cable TV systems available; more than 400 TV stations; about 1,500 cable TV providers with more than 2 million subscribers, and some 1,400 radio stations; the Philippines adopted Japan’s Integrated Service Digital Broadcast – Terrestrial standard for digital terrestrial television in November 2013 and is scheduled to complete the switch from analog to digital broadcasting by the end of 2023 (2016)

-
Internet country code

.ph

-
Internet users

total: 56,956,436

percent of population: 55.5% (July 2016 est.)

country comparison to the world: 13

-

Transportation comparison between [Philippines] and [HUF]

Philippines HUF
National air transport system

number of registered air carriers: 11

inventory of registered aircraft operated by air carriers: 158

annual passenger traffic on registered air carriers: 32,230,986

annual freight traffic on registered air carriers: 484,190,968 mt-km (2015)

-
Civil aircraft registration country code prefix

RP (2016)

-
Airports

247 (2013)

country comparison to the world: 24

-
Airports - with paved runways

total: 89

over 3,047 m: 4

2,438 to 3,047 m: 8

1,524 to 2,437 m: 33

914 to 1,523 m: 34

under 914 m: 10 (2017)

-
Airports - with unpaved runways

total: 158

1,524 to 2,437 m: 3

914 to 1,523 m: 56

under 914 m: 99 (2013)

-
Heliports

2 (2013)

-
Pipelines

gas 530 km; oil 138 km (non-operational); refined products 185 km (2017)

-
Railways

total: 77 km

narrow gauge: 28 km 1.067-m gauge

standard guage: 49 km 1.435-m guage (2017)

country comparison to the world: 89

-
Roadways

total: 216,387 km

paved: 61,093 km

unpaved: 155,294 km (2014)

country comparison to the world: 24

-
Waterways

3,219 km (limited to vessels with draft less than 1.5 m) (2011)

country comparison to the world: 30

-
Merchant marine

total: 1,508

by type: bulk carrier 64, container ship 33, general cargo 627, oil tanker 184, other 600 (2017)

country comparison to the world: 18

-
Ports and terminals

major seaport(s): Batangas, Cagayan de Oro, Cebu, Davao, Liman, Manila

container port(s) (TEUs): Manila (3,976,000) (2015)

-

Military comparison between [Philippines] and [HUF]

Philippines HUF
Military expenditures

1.28% of GDP (2016)

1.14% of GDP (2015)

1.09% of GDP (2014)

1.24% of GDP (2013)

1.16% of GDP (2012)

country comparison to the world: 90

-
Military branches

Armed Forces of the Philippines (AFP): Army, Navy (includes Marine Corps), Air Force (2013)

-
Military service age and obligation

17-23 years of age (officers 20-24) for voluntary military service; no conscription; applicants must be single male or female Philippine citizens with either 72 college credit hours (enlisted) or a baccalaureate degree (officers) (2013)

-
Maritime threats

the International Maritime Bureau reports the territorial and offshore waters in the South China Sea as high risk for piracy and armed robbery against ships; during 2016, 10 attacks were reported in and around the Philippines including six ships that were boarded, one hijacked, one fired upon, and 18 crew were kidnapped for ransom; an emerging threat area lies in the Celebes and Sulu Seas between the Philippines and Malaysia where 12 crew were kidnapped in three incidents during the last quarter of 2016; it is believed the pirates involved are associated with the Abu Sayyaf Group (ASG) terrorist organization; during the first six months of 2017, 13 attacks were reported including 10 ships that were boarded, one was fired upon, 10 crew were kidnapped for ransom and two killed; numerous commercial vessels have been attacked and hijacked both at anchor and while underway; hijacked vessels are often disguised and cargo diverted to ports in East Asia; crews have been murdered or cast adrift

-

Transnational comparison between [Philippines] and [HUF]

Philippines HUF
Disputes - international

Philippines claims sovereignty over Scarborough Reef (also claimed by China together with Taiwan) and over certain of the Spratly Islands, known locally as the Kalayaan (Freedom) Islands, also claimed by China, Malaysia, Taiwan, and Vietnam; the 2002 "Declaration on the Conduct of Parties in the South China Sea," has eased tensions in the Spratly Islands but falls short of a legally binding "code of conduct" desired by several of the disputants; in March 2005, the national oil companies of China, the Philippines, and Vietnam signed a joint accord to conduct marine seismic activities in the Spratly Islands; Philippines retains a dormant claim to Malaysia's Sabah State in northern Borneo based on the Sultanate of Sulu's granting the Philippines Government power of attorney to pursue a sovereignty claim on his behalf; maritime delimitation negotiations continue with Palau

-
Refugees and internally displaced persons

IDPs: 445,000 (government troops fighting the Moro Islamic Liberation Front, the Abu Sayyaf Group, and the New People's Army; clan feuds; natural disasters) (2017)

stateless persons: 4,636 (2016); note - stateless persons are descendants of Indonesian migrants

-
Illicit drugs

domestic methamphetamine production has been a growing problem in recent years despite government crackdowns; major consumer of amphetamines; longstanding marijuana producer mainly in rural areas where Manila's control is limited

-

PHP to HUF Historical Rates

year by month

All PHP Exchange Rates Now

Exchange Rate Exchange Rate Exchange Rate
PHP to AED rate 0.06743 ▼ PHP to ALL rate 1.92279 ▼ PHP to ANG rate 0.0331 ▼
PHP to ARS rate 3.82653 ▼ PHP to AUD rate 0.0275 ▼ PHP to AWG rate 0.03307 ▼
PHP to BBD rate 0.03674 ▼ PHP to BDT rate 1.9626 ▼ PHP to BGN rate 0.03317 ▼
PHP to BHD rate 0.00693 ▼ PHP to BIF rate 38.1958 ▼ PHP to BMD rate 0.01837 ▼
PHP to BND rate 0.02442 ▼ PHP to BOB rate 0.12692 ▼ PHP to BRL rate 0.09435 ▼
PHP to BSD rate 0.01837 ▼ PHP to BTN rate 1.51082 ▼ PHP to BZD rate 0.03702 ▼
PHP to CAD rate 0.02493 ▼ PHP to CHF rate 0.01688 ▼ PHP to CLP rate 14.55207 ▼
PHP to CNY rate 0.12668 ▼ PHP to COP rate 86.12394 ▼ PHP to CRC rate 9.92129 ▼
PHP to CZK rate 0.39969 ▼ PHP to DKK rate 0.12629 ▼ PHP to DOP rate 1.00704 ▼
PHP to DZD rate 2.49248 ▼ PHP to EGP rate 0.56591 ▼ PHP to ETB rate 0.98999 ▼
PHP to EUR rate 0.01695 ▼ PHP to FJD rate 0.04067 ▼ PHP to GBP rate 0.01493 ▼
PHP to GMD rate 1.14176 ▼ PHP to GNF rate 158.43652 ▼ PHP to GTQ rate 0.14316 ▼
PHP to HKD rate 0.14422 ▼ PHP to HNL rate 0.45288 ▼ PHP to HRK rate 0.12774 ▼
PHP to HTG rate 2.85594 ▼ PHP to HUF rate 6.45548 ▼ PHP to IDR rate 276.6099 ▼
PHP to ILS rate 0.06575 ▼ PHP to INR rate 1.51074 ▼ PHP to IQD rate 26.82172 ▼
PHP to IRR rate 776.40607 ▼ PHP to ISK rate 2.51077 ▼ PHP to JMD rate 2.77168 ▼
PHP to JOD rate 0.01303 ▼ PHP to JPY rate 2.43552 ▼ PHP to KES rate 2.41414 ▼
PHP to KMF rate 8.34964 ▼ PHP to KRW rate 23.96374 ▼ PHP to KWD rate 0.00563 ▼
PHP to KYD rate 0.01531 ▼ PHP to KZT rate 8.22056 ▼ PHP to LBP rate 278.66663 ▼
PHP to LKR rate 5.96661 ▼ PHP to LSL rate 0.33247 ▼ PHP to MAD rate 0.18797 ▼
PHP to MDL rate 0.33854 ▼ PHP to MKD rate 1.04401 ▼ PHP to MNT rate 62.58949 ▼
PHP to MOP rate 0.14851 ▼ PHP to MUR rate 0.84507 ▼ PHP to MVR rate 0.28337 ▼
PHP to MWK rate 18.81797 ▼ PHP to MXN rate 0.3328 ▼ PHP to MYR rate 0.08131 ▼
PHP to NAD rate 0.33233 ▼ PHP to NGN rate 8.45656 ▼ PHP to NIO rate 0.67181 ▼
PHP to NOK rate 0.19173 ▼ PHP to NPR rate 2.41729 ▼ PHP to NZD rate 0.02956 ▼
PHP to OMR rate 0.00707 ▼ PHP to PAB rate 0.01837 ▼ PHP to PEN rate 0.06909 ▼
PHP to PGK rate 0.06467 ▼ PHP to PKR rate 5.20672 ▼ PHP to PLN rate 0.07949 ▼
PHP to PYG rate 131.92788 ▼ PHP to QAR rate 0.06688 ▼ PHP to RON rate 0.08401 ▼
PHP to RUB rate 1.41654 ▼ PHP to RWF rate 20.21435 ▼ PHP to SAR rate 0.06898 ▼
PHP to SBD rate 0.15187 ▼ PHP to SCR rate 0.24494 ▲ PHP to SEK rate 0.19124 ▼
PHP to SGD rate 0.02444 ▼ PHP to SLL rate 324.52442 ▼ PHP to SVC rate 0.1607 ▼
PHP to SZL rate 0.33236 ▼ PHP to THB rate 0.62921 ▼ PHP to TND rate 0.05612 ▼
PHP to TOP rate 0.04325 ▼ PHP to TRY rate 0.35184 ▼ PHP to TTD rate 0.12467 ▼
PHP to TWD rate 0.55981 ▼ PHP to TZS rate 42.84127 ▼ PHP to UAH rate 0.67831 ▼
PHP to UGX rate 69.61137 ▼ PHP to USD rate 0.01837 ▼ PHP to UYU rate 0.71162 ▼
PHP to VUV rate 2.16859 ▼ PHP to WST rate 0.04956 ▼ PHP to XAF rate 11.12082 ▼
PHP to XCD rate 0.04965 ▼ PHP to XOF rate 11.12082 ▼ PHP to XPF rate 2.0231 ▼
PHP to YER rate 4.59827 ▼ PHP to ZAR rate 0.33306 ▼

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