The Philippines vs Sri Lanka: Economic Indicators Comparison

The Philippines with a GDP of $330.9B ranked the 40th largest economy in the world, while Sri Lanka ranked 65th with $88.9B. By GDP 5-years average growth and GDP per capita, the Philippines and Sri Lanka ranked 21st vs 51st and 134th vs 120th, respectively.

Gross Domestic Product & Income

StatPhilippinesSri Lanka
GDP$330.9B$88.9B
GDP growth, 1 year6.2%3%
GDP growth, 5-years average6.4%4.2%
Population104.9M21.4M
GDP per capita$3.1k$4.1k
GDP per capita growth4.77%2.13%
Purchasing Power Parity conversion factor18.2549.49
Price level ratio of PPP conversion factor GDP to market exchange rate0.350.3
GDP per capita, PPP adjusted$8.9k$13k
GNI, Atlas method$408.8B$87.9B
GNI per capita$3.8k$4.1k
GNI, PPP adjusted$1.1T$284.1B
GNI per capita, PPP adjusted$11k$13k

Financial system and Human development

StatPhilippinesSri Lanka
Income Tax Rate35%24%
Corporate Tax Rate30%28%
Inflation, consumer prices5.2%4.3%
Inflation, GDP deflator3.8%4.3%
Unemployment2.5%4.4%
Economic Freedom Index64.557.4
Personal Freedom Index7.065.24
Human Freedom Index6.925.69
Property Rights Index54.647.7
Judical Effectiveness Index34.239.2
Business Freedom Index59.576.5
Fiscal Health Index96.339.3
Labor Freedom Index57.458.6
Investment Freedom Index6040
Financial Freedom Index6040
Trade Freedom Index81.667.6
Monetary Freedom Index66.971.1
Government Spending Index87.988.9
Tax Burden Index76.784.8
Government Integrity Index38.734.7
Corruption Perceptions Index3638
Life expectancy at birth, years7176.6
Suicide mortality rate, per 100,000 people3.214.6
Mortality caused by road traffic injury, per 100,000 people12.314.9
Intentional homicides, per 100,000 people8.42.3
International tourism, number of arrivals7.2M2.3M

Government debt & reserves

StatPhilippinesSri Lanka
Central government debt, % of GDP39.6%84.1%
External debt stocks, % of GNI19.9%60.8%
External debt stocks$78.8B$52.6B
Short-term debt, % of total reserves20.3%118.2%
Total debt service, % of exports and primary income8.7%36%
Adjusted net savings including particulate emission damage, % of GNI28.5%28.5%
Gross savings, % of GDP42.4%25.5%
Gross capital formation, % of GDP26.9%28.6%
Total reserves including gold$79.2B$6.9B
Foreign direct investment net inflows$9.8B$1.6B

Exports, imports and economic structure

StatPhilippinesSri Lanka
Exports of goods and services, % of GDP31.7%22.8%
Imports of goods and services, % of GDP44.4%30.1%
Current account balance (balance of payments)-$8.7B-$2.8B
Revenue excluding grants, % of GDP16.3%13.3%
Grants excluding technical cooperation, BoP$436.5M$182.6M
Personal remittances received$33.8B$7B
Industry including construction value added, % of GDP30.7%27%
Agriculture, forestry and fishing value added, % of GDP9.3%7.9%
Charges for the use of intellectual property, payments BoP$917MN/A
Charges for the use of intellectual property, receipts BoP$44.1MN/A
Expense, % of GDP14.9%16.2%
Government Expenditure, % of GDP20.1%19.2%

Compare with countries close by GDP per capita

Philippines vs

CountryGDP
per capita
Population
Algeria
$4.1k
41.3M
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
India
$2k
1.33B

Sri Lanka vs

CountryGDP
per capita
Population
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
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