Over the past 28 years, the value for this indicator has fluctuated between 572,051,000,000 in 2018 and 160,968,000,000 in 1990. More detailed data, including data by product/service and categories of products/services, can be viewed and exported from the "Detailed tables, charts and technical notes" section. Each objects are represented for the Watts used. Household consumption delivers the bulk of Philippine economic output and we expect this sector to struggle given elevated unemployment, virus concerns and fading remittance flows. Consumer Spending in Philippines averaged 821785.28 PHP Million from 1981 until 2020, reaching an all time high of 3651785.61 PHP Million in the fourth quarter of 2020 and a record low of 305524.42 PHP … Household consumption of Philippines increased from 27,915 million US dollars in 1970 to 13,892,043 million US dollars in 2019 growing at an average annual rate of 13.77%. Household final consumption expenditure, PPP (constant 2011 international $) The latest value for Household final consumption expenditure, PPP (constant 2011 international $) in Philippines was 572,051,000,000 as of 2018. Household final consumption expenditure consists of the expenditure, including imputed expenditure, … The table represents the approximate daily or monthly electrical power consumption of various household objects. This is a nationwide survey conducted by the Philippine Statistics Authority and the Department of Energy to collect data on the household’s In 2019, household consumption for Philippines was 13,892,043 million US dollars. Source: World Development Indicators. 2. The Asian Development Outlook (ADO) 2020 Update projects a deeper decline in the Philippines… Overseas Filipino (OFs) remittances augment domestic incomes with households receiving Php59,295 annually, roughly 19% of the average income in the Philippines. The actual value of electric energy usage may differ significantly from the given. Consumer Profile The Philippines has a population of around 109,180,000 (July 2020 est.) The dominant religion is the Roman Catholic one, with 80.6%, followed with the Protestant one 8.2% (includes Philippine Council of Evangelical Churches 2.7%, National Council of Churches in the Philippines 1.2%, other Protestant 4.3%). #5 Robust household consumption. One of the reasons why GDP has shown such growth is the extensive household consumption that the Philippines represents. Household final consumption expenditure (annual % growth) Indicators are at national level. The KwH consumption of air conditioners depends on horsepower (HP). According to FocusEconomics, the Filipinos chose to spend primarily on: Food; Utilities; Transportation; Consumer spending currently makes up as much as around 70% of GDP in the Philippines. According to multinational retail and commercial bank Banco Santander, the country has a youthful and vibrant consumer market. For example, an aircon unit with 0.5 HP will use about 600 watts, while a 2.5 HP aircon will consume approximately 2,700 watts. You might want to get a unit that has the lowest HP. Definitions. MANILA, PHILIPPINES (15 September 2020) — The Philippine economy is forecast to contract by 7.3% in 2020 amid the coronavirus disease (COVID-19) pandemic before growth returns to 6.5% in 2021, according to a new report from the Asian Development Bank (ADB) released today. Consumer Spending in Philippines increased to 3651785.61 PHP Million in the fourth quarter of 2020 from 3028855.19 PHP Million in the third quarter of 2020. Philippines - Consumption Economy continues to contract sharply in Q3. Power Consumption Table. 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