In 2025, the unemployment rate in the Philippines was 2.24 percent, compared with 2.2 percent in the previous year.
Souvenirs from overseas
The Philippines’ economy relies heavily on remittances from overseas, i.e. money sent home by Filipino emigrants and workers in other countries. In 2016 alone, approximately 30 billion U.S. dollars were received as remittances in the Philippines, and the amount seems to increase significantly every year. This makes the Philippines one of the leading countries worldwide when it comes to receiving remittances, only surpassed by India and China.
Visitors from overseas
The Philippines’ economy is stable, not only because of remittances, but also because of a flourishing services sector, which is now the main generator of GDP in the country; tourism and IT in particular contribute to economic growth. More than half of the Philippines workforce is employed in services.
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World Bank. (July 1, 2026). Unemployment rate in the Philippines from 1991 to 2025 [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 23, 2026, from /statistics/578722/unemployment-rate-in-philippines/
World Bank. "Unemployment rate in the Philippines from 1991 to 2025." Chart. July 1, 2026. ÌÇÐÄÆÆ½â°æ. Accessed July 23, 2026. /statistics/578722/unemployment-rate-in-philippines/
World Bank. (2026). Unemployment rate in the Philippines from 1991 to 2025. ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 23, 2026. /statistics/578722/unemployment-rate-in-philippines/
World Bank. "Unemployment Rate in The Philippines from 1991 to 2025." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 1 Jul 2026, /statistics/578722/unemployment-rate-in-philippines/
World Bank, Unemployment rate in the Philippines from 1991 to 2025 ÌÇÐÄÆÆ½â°æ, /statistics/578722/unemployment-rate-in-philippines/ (last visited July 23, 2026)
Unemployment rate in the Philippines from 1991 to 2025 [Graph], World Bank, July 1, 2026. [Online]. Available: /statistics/578722/unemployment-rate-in-philippines/