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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PhilippinesPhilippines GDP Growth Rate 2017 fell to 6.7% in October 2017
FMPQuarterlyReleased January 2018
Philippines GDP Growth Rate 2017 fell to 6.7% in October 2017, released January 2018, down 0.2% from September's 6.9% reading.
Latest Release
6.700000
Actual
—
Consensus
6.900000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Growth Rate 2017 (Philippines) was reported at 6.7% in January 2018. The reading fell from the previous value of 6.9%. This is classified as a medium-impact indicator released on a quarterly basis.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update January 2018.
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GDP Growth Rate 2017 - PH
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About GDP Growth Rate 2017 — Philippines
DEFINITION
The GDP Growth Rate 2017 is a key economic indicator that measures the annual percentage change in a country's gross domestic product (GDP) from the previous year. It provides valuable insight into the overall health and performance of a nation's economy, and is often used by policymakers, investors, and businesses to make informed decisions. A positive growth rate indicates a growing economy, while a negative growth rate suggests a decline. The 2017 GDP Growth Rate is a crucial benchmark for assessing the economic progress of a country during that year.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2018): actual 6.7 %.