The National Capital Region (NCR) or Metropolitan Manila generated the highest gross domestic product (GDP) from the wholesale and trade and repair of motor vehicles and motorcycles industry in 2024, amounting to approximately **** trillion Philippine pesos. In contrast, the region generated the lowest GDP from agriculture, forestry and fishing, which amounted to roughly **** billion Philippine pesos.

Philippines GDP: Metro Manila data was reported at 6,016,249.210 PHP mn in 2017. This records an increase from the previous number of 5,526,337.349 PHP mn for 2016. Philippines GDP: Metro Manila data is updated yearly, averaging 4,294,857.000 PHP mn from Dec 2009 (Median) to 2017, with 9 observations. The data reached an all-time high of 6,016,249.210 PHP mn in 2017 and a record low of 2,871,470.000 PHP mn in 2009. Philippines GDP: Metro Manila data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A028: Regional Gross Domestic Product: SNA 2008: Current Price.

The gross domestic product (GDP) of the National Capital Region (NCR) or Metropolitan Manila generated a growth rate of about *** percent in 2024 in comparison to the previous year. The region's GDP significantly declined in 2020 as a result of the COVID-19 pandemic but has gradually recovered since then.

Philippines GDP per Capita: Metro Manila data was reported at 465,691.000 PHP in 2017. This records an increase from the previous number of 432,155.000 PHP for 2016. Philippines GDP per Capita: Metro Manila data is updated yearly, averaging 341,130.000 PHP from Dec 2009 (Median) to 2017, with 9 observations. The data reached an all-time high of 465,691.000 PHP in 2017 and a record low of 245,500.000 PHP in 2009. Philippines GDP per Capita: Metro Manila data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A021: SNA 2008: Gross Domestic Product: per Capita: by Region: Current Price.

Philippines GDP per Capita: 1985p: Metro Manila data was reported at 40,838.000 PHP in 2009. This records a decrease from the previous number of 41,541.000 PHP for 2008. Philippines GDP per Capita: 1985p: Metro Manila data is updated yearly, averaging 28,516.000 PHP from Dec 1980 (Median) to 2009, with 30 observations. The data reached an all-time high of 41,541.000 PHP in 2008 and a record low of 23,660.000 PHP in 1985. Philippines GDP per Capita: 1985p: Metro Manila data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A054: Gross Domestic Product: per Capita: by Region: SNA 1968/1993: 1985 Price.

The National Capital Region (NCR) or Metropolitan Manila generated the highest per capita gross domestic product (GDP) in the Philippines, which amounted to approximately ******* Philippine pesos in 2024. In contrast, BARMM generated the lowest GDP per capita in that year.

Philippines GDP: 2000p: Metro Manila data was reported at 3,158,081.656 PHP mn in 2017. This records an increase from the previous number of 2,976,234.624 PHP mn for 2016. Philippines GDP: 2000p: Metro Manila data is updated yearly, averaging 2,455,228.000 PHP mn from Dec 2009 (Median) to 2017, with 9 observations. The data reached an all-time high of 3,158,081.656 PHP mn in 2017 and a record low of 1,898,574.000 PHP mn in 2009. Philippines GDP: 2000p: Metro Manila data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A029: SNA 2008: Regional Gross Domestic Product: 2000 Price.

The Philippines has a steadily growing economy, with a gross domestic product (GDP) that reached over 461.62 billion U.S. dollars in 2024. Gross domestic product (GDP) denotes the aggregate value of all services and goods produced within a country in any given year. GDP is an important indicator of a country's economic power. The GDP of the Philippines is expected to increase substantially to over 757.67 billion U.S. dollars by 2030. The Philippines’ economy GDP of the Philippines has consistently grown at around six percent and is expected to remain constant through 2024. At the same time, the unemployment rate has fallen to about 2.5 percent in 2018, with an increasing amount of employment being within the services sector . Sectors of the economy The services sector is a significant economic sector in the Philippines economy, with a share of almost 60 percent in gross domestic product generation. Usually, a shift of GDP generation from agriculture to services is a sure sign of a growing economy - the same is true for the Philippines: Tourism and IT are industries within the services sector which has substantially contributed to the Philippines’ economic growth. The agriculture sector, although contributing to the Philippines’ export quantity, such as coconut oil and fruits, has declined over recent years, with more and more inhabitants moving to the cities to find work.

Philippines GDP per Capita: 2000p: Metro Manila data was reported at 244,453.000 PHP in 2017. This records an increase from the previous number of 232,739.000 PHP for 2016. Philippines GDP per Capita: 2000p: Metro Manila data is updated yearly, averaging 195,013.000 PHP from Dec 2009 (Median) to 2017, with 9 observations. The data reached an all-time high of 244,453.000 PHP in 2017 and a record low of 162,321.000 PHP in 2009. Philippines GDP per Capita: 2000p: Metro Manila data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A022: SNA 2008: Gross Domestic Product: per Capita: by Region: 2000 Price.

The National Capital Region (NCR) or Metropolitan Manila generated the highest gross domestic product (GDP) in the Philippines, which amounted to approximately **** trillion Philippine pesos in 2024. In contrast, BARMM generated the lowest GDP in that year.

Philippines Gross Domestic Product (GDP): 1985p: Metro Manila data was reported at 465,689.000 PHP mn in 2009. This records a decrease from the previous number of 467,453.000 PHP mn for 2008. Philippines Gross Domestic Product (GDP): 1985p: Metro Manila data is updated yearly, averaging 220,972.000 PHP mn from Dec 1975 (Median) to 2009, with 35 observations. The data reached an all-time high of 467,453.000 PHP mn in 2008 and a record low of 131,843.760 PHP mn in 1975. Philippines Gross Domestic Product (GDP): 1985p: Metro Manila data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A059: Regional Gross Domestic Product: SNA 1968/1993: 1985 Price. Changed from SNA 1968/1993 to SNA 2008 Rebased from 1985p to 2000p Replacement series ID: 329171501

Philippines GDP per Capita: National Capital Region (NCR) data was reported at 595,768.372 PHP in 2024. This records an increase from the previous number of 552,211.738 PHP for 2023. Philippines GDP per Capita: National Capital Region (NCR) data is updated yearly, averaging 289,444.288 PHP from Dec 2000 (Median) to 2024, with 25 observations. The data reached an all-time high of 595,768.372 PHP in 2024 and a record low of 124,217.457 PHP in 2000. Philippines GDP per Capita: National Capital Region (NCR) data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A020: PSNA 5th Revision: Gross Domestic Product: per Capita: Current Price.

Unemployment Rate in Philippines increased to 5.30 percent in July from 3.70 percent in June of 2025. This dataset provides - Philippines Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Abstract

The Labor Turnover Survey (LTS) aims to generate quarterly data on labor turnover as indicators of labor market activity in large business enterprises. The main topics include total accession due to expansion and replacement, as well as employer-initiated and employee-initiated total separation.

The information gathered in this survey is intended to generate timely labor market signals as sound basis in planning, policy formulation and decision making in goverment, business and industry.

Geographic coverage

National capital region

Analysis unit

Enterprise

Universe

The top 25,000 corporations in the Philippines as listed by the Securities and Exchange Commission (SEC).

The universe was limited to the SEC list for two reasons: budget constraints and the decision to come up with manageable sample size that can provide DOLE officials with a quick and timely assessment of the labor market situations on a quarterly basis.

Kind of data

Sample survey data [ssd]

Sampling procedure

The enterprise is the unit of enumeration in the LTS and it has for its sampling domain 18 major industry groups (1-digit) based on the 2009 PSIC. The coverage of the survey was limited to business enterprises in Metro Manila due to budget constraints and in line with the instruction of DOLE officials to conduct a quick/timely assessment of the labor market activity through a sample survey with manageable sample size. Metro Manila accounts for one-third of the country's gross domestic product and about two-thirds of the total large business enterprises in the Philippines.

The sampling frame was extracted from the top 25,000 corporations in the Philippines as compiled by the Securities and Exchange Commission (SEC). The frame contains the names of 15,600 enterprises in Metro Manila listed in order of their gross revenue and sales in 2012.

For LTS 2013, the population size was 15,660. Since the proportion of the initial sample size to the population size is not negligible, a revised estimate of the sample size is obtained to take into account the finite population correction. To ensure the precision of estimates in each domain, the sample size (763) was allocated in each domain using Kish's allocation formula. The sample enterprises in each domain were drawn through simple random sampling.

Sampling deviation

A replacement of a sample enterprise was done when the sampled enterprise fell in one of the following situations during the field operation: cannot be located; refuse to answer; temporarily closed; duplicate of another sample enterprise; permanently closed; or on strike.

Mode of data collection

Other [oth]

Cleaning operations

The data was manually and electronically processed. Upon collection of accomplished questionnaires, enumerators perform field editing before leaving the enterprise to ensure completeness, consistency and reasonableness of entries in accordance with the Field Operations Manual. The forms were again checked for data consistency and completeness by field supervisors. The designated personnel undertook the final review, coding of information on classifications used, data entry and validation and scrutiny of aggregated results for coherence. Questionnaires with incomplete or inconsistent entries were returned to the establishments for verification, personally or through phone interview.

Sampling error estimates

Not computed.

Data appraisal

The results were validated with the previous year results in particular, the trend and patterns of data distribution across industry.

Results were also checked in terms of their coherence with the results of the National Acounts, i.e, gross domestic product (GDP). It has been observed that the pattern of movement in the LTS data series closely follow that of GDP. This could be because NCR accounted for a sizeable share of GDP. The "rule of thumb" in LTS validation is that a high GDP is associated with a positive turnover rate and vice versa.

Inflation Rate in Philippines increased to 1.50 percent in August from 0.90 percent in July of 2025. This dataset provides the latest reported value for - Philippines Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Philippines Population: NCR: Metro Manila: City of Makati data was reported at 582.602 Person th in 2015. This records an increase from the previous number of 529.039 Person th for 2010. Philippines Population: NCR: Metro Manila: City of Makati data is updated yearly, averaging 477.778 Person th from Dec 1975 (Median) to 2015, with 8 observations. The data reached an all-time high of 582.602 Person th in 2015 and a record low of 334.448 Person th in 1975. Philippines Population: NCR: Metro Manila: City of Makati data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.G001: Population: Census 2010.

国内生产总值：2000年价格：马尼拉大都会在12-01-2017达3,158,081.656百万菲律宾比索，相较于12-01-2016的2,976,234.624百万菲律宾比索有所增长。国内生产总值：2000年价格：马尼拉大都会数据按年更新，12-01-2009至12-01-2017期间平均值为2,455,228.000百万菲律宾比索，共9份观测结果。该数据的历史最高值出现于12-01-2017，达3,158,081.656百万菲律宾比索，而历史最低值则出现于12-01-2009，为1,898,574.000百万菲律宾比索。CEIC提供的国内生产总值：2000年价格：马尼拉大都会数据处于定期更新的状态，数据来源于Philippine Statistics Authority，数据归类于全球数据库的菲律宾 – 表 PH.A029：2008年国民经济核算体系（SNA 2008）：区域国内生产总值：2000年价格。

In 2024, the Philippines’ inflation rate amounted to 3.21 percent. The Philippines are considered “newly industrialized”, but the economy relies on remittances from nationals overseas, and the services sector generates most of its GDP . Emerging and soon to develop?After switching from agriculture to services and manufacturing, the Philippines are now an emerging economy, i.e. the country has some characteristics of a developed nation but is not quite there yet. In order to transition into a developed nation, the Philippines must meet certain requirements, like being able to sustain their economic development, being very open to foreign investors, or maintaining a very high stability of the institutional framework (like law enforcement and the government). Only if these changes are irreversible can they be classified as a developed nation. The Philippines’ switch to servicesEver since the switch to services and manufacturing, employment in these areas has increased and the country is now among those with the highest employment in the tourism industry worldwide. This transition was not entirely voluntary but also due to decreasing government support, the liberalization of trade, and reform programs. Still, agriculture is important for the country: As of 2017, more than a quarter of Filipinos are still working in the agricultural sector, and urbanization has only increased very slightly over the last decade.

国内生产总值：1985年价格：马尼拉大都会在12-01-2009达465,689.000百万菲律宾比索，相较于12-01-2008的467,453.000百万菲律宾比索有所下降。国内生产总值：1985年价格：马尼拉大都会数据按年更新，12-01-1975至12-01-2009期间平均值为220,972.000百万菲律宾比索，共35份观测结果。该数据的历史最高值出现于12-01-2008，达467,453.000百万菲律宾比索，而历史最低值则出现于12-01-1975，为131,843.760百万菲律宾比索。CEIC提供的国内生产总值：1985年价格：马尼拉大都会数据处于定期更新的状态，数据来源于Philippine Statistics Authority，数据归类于Global Database的菲律宾 – 表 PH.A059：区域国内生产总值：国民经济核算体系 1968/1993：1985年价格。