Nepal vs the Philippines: Economic Indicators Comparison

The Philippines with a GDP of $330.9B ranked the 40th largest economy in the world, while Nepal ranked 103rd with $29B. By GDP 5-years average growth and GDP per capita, the Philippines and Nepal ranked 21st vs 37th and 134th vs 170th, respectively.

Gross Domestic Product & Income

StatNepalPhilippines
GDP$29B$330.9B
GDP growth, 1 year6.3%6.2%
GDP growth, 5-years average4.8%6.4%
Population29.4M104.9M
GDP per capita$1k$3.1k
GDP per capita growth4.91%4.77%
Purchasing Power Parity conversion factor34.9318.25
Price level ratio of PPP conversion factor GDP to market exchange rate0.330.35
GDP per capita, PPP adjusted$2.9k$8.9k
GNI, Atlas method$27.2B$408.8B
GNI per capita$970$3.8k
GNI, PPP adjusted$87.4B$1.1T
GNI per capita, PPP adjusted$3.1k$11k

Financial system and Human development

StatNepalPhilippines
Income Tax Rate25%35%
Corporate Tax Rate25%30%
Inflation, consumer prices4.2%5.2%
Inflation, GDP deflator6.3%3.8%
Unemployment1.3%2.5%
Economic Freedom Index54.264.5
Personal Freedom Index7.757.06
Human Freedom Index6.836.92
Property Rights Index40.754.6
Judical Effectiveness Index3234.2
Business Freedom Index61.659.5
Fiscal Health Index98.196.3
Labor Freedom Index53.757.4
Investment Freedom Index1060
Financial Freedom Index3060
Trade Freedom Index60.481.6
Monetary Freedom Index71.266.9
Government Spending Index77.987.9
Tax Burden Index83.476.7
Government Integrity Index31.538.7
Corruption Perceptions Index3136
Life expectancy at birth, years70.271
Suicide mortality rate, per 100,000 people8.83.2
Mortality caused by road traffic injury, per 100,000 people15.912.3
Intentional homicides, per 100,000 people2.28.4
International tourism, number of arrivals1.2M7.2M

Government debt & reserves

StatNepalPhilippines
Central government debt, % of GDP30.4%39.6%
External debt stocks, % of GNI18.9%19.9%
External debt stocks$5.5B$78.8B
Short-term debt, % of total reserves3%20.3%
Total debt service, % of exports and primary income8.5%8.7%
Adjusted net savings including particulate emission damage, % of GNI38.1%28.5%
Gross savings, % of GDP49.5%42.4%
Gross capital formation, % of GDP55.2%26.9%
Total reserves including gold$8.3B$79.2B
Foreign direct investment net inflows$68.2M$9.8B

Exports, imports and economic structure

StatNepalPhilippines
Exports of goods and services, % of GDP8.9%31.7%
Imports of goods and services, % of GDP46.3%44.4%
Current account balance (balance of payments)-$2.8B-$8.7B
Revenue excluding grants, % of GDP22.9%16.3%
Grants excluding technical cooperation, BoP$629.7M$436.5M
Personal remittances received$8.3B$33.8B
Industry including construction value added, % of GDP13.5%30.7%
Agriculture, forestry and fishing value added, % of GDP25.3%9.3%
Charges for the use of intellectual property, payments BoPN/A$917M
Charges for the use of intellectual property, receipts BoPN/A$44.1M
Expense, % of GDP19.4%14.9%
Government Expenditure, % of GDP27.2%20.1%

Compare with countries close by GDP per capita

Nepal vs

CountryGDP
per capita
Population
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M

Philippines vs

CountryGDP
per capita
Population
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M