Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) for the Philippines

Indicator Definition:
Merchandise imports from low- and middle-income economies in East Asia and Pacific are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the East Asia and Pacific region according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

The indicator "Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports)" stands at 47.53 as of 12/31/2023, the highest value at least since 12/31/1961, the period currently displayed.
Regarding the One-Year-Change of the series, the current value constitutes an increase of 10.08 percent compared to the value the year prior.
The 1 year change in percent is 10.08.
The 3 year change in percent is 10.53.
The 5 year change in percent is 20.83.
The 10 year change in percent is 68.11.

The Serie's long term average value is 15.33. It's latest available value, on 12/31/2023, is 210.02 percent higher, compared to it's long term average value.
The Serie's change in percent from it's minimum value, on 12/31/1974, to it's latest available value, on 12/31/2023, is +1,977.27%.
The Serie's change in percent from it's maximum value, on 12/31/2023, to it's latest available value, on 12/31/2023, is 0.0%.