The Gross Domestic Product (GDP) in Philippines expanded 0.40 percent in the third quarter of 2025 over the previous quarter. This dataset provides - Philippines GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Philippines expanded 4 percent in the third quarter of 2025 over the same quarter of the previous year. This dataset provides - Philippines GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The growth of the real gross domestic product (GDP) in the Philippines stood at 5.69 percent in 2024. From 1980 to 2024, the growth rose by 0.54 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the growth will rise by 0.33 percentage points, showing an overall upward trend with periodic ups and downs.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

As of the fourth quarter of 2024, the gross domestic product (GDP) of the Philippines was at 5.2 percent. This reflects significant growth in comparison to the quarterly GDP growth rate during the COVID-19 pandemic.

Key information about Philippines Real GDP Growth

• The Gross Domestic Product (GDP) in Philippines expanded 4.3 % YoY in Sep 2025, following a growth of 5.4 % in the previous quarter.
• Real GDP Growth YoY data in Philippines is updated quarterly, available from Mar 1999 to Sep 2025, with an average rate of 6.0 %.
• The data reached an all-time high of 12.7 % in Jun 2021 and a record low of -16.2 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. Philippine Statistics Authority provides Real GDP in local currency, at 2018 prices. Real GDP Growth prior to Q1 2001 is calculated from Real GDP at 2000 prices.


Related information about Philippines Real GDP Growth

• In the latest reports, Nominal GDP of Philippines reached 114.9 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 0.8 % in Sep 2025.
• GDP Per Capita in Philippines reached 1,954.6 USD in Dec 2024.
• Its Gross Savings Rate was measured at 5.4 % in Sep 2025.
• For Nominal GDP contributions, Investment accounted for 22.4 % in Sep 2025.
• Public Consumption accounted for 15.5 % in Sep 2025.
• Private Consumption accounted for 79.1 % in Sep 2025.

Full Year GDP Growth in Philippines remained unchanged at 5.60 percent in 2024 from 5.60 percent in 2023. This dataset includes a chart with historical data for Philippines Full Year GDP Growth.

The Philippines has a steadily growing economy, with a gross domestic product (GDP) that reached over 461.6 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 around 746.5 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.

Historical dataset showing Philippines economic growth by year from 1960 to 2023.

Key information about Philippines Nominal GDP Growth

• Philippines Nominal GDP Growth was reported at 4.850 % in Sep 2025.
• This records a decrease from the previous number of 7.244 % for Jun 2025.
• Philippines Nominal GDP Growth data is updated quarterly, averaging 7.931 % from Mar 1982 to Sep 2025, with 175 observations.
• The data reached an all-time high of 1,005.400 % in Sep 2014 and a record low of -190.715 % in Dec 2016.
• Philippines Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Philippine Statistics Authority provides Nominal GDP in local currency.

The Philippines: Economic growth: the rate of change of GDP: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for the Philippines from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

Philippines PH: GDP: Growth: Adjusted Net National Income per Capita data was reported at 5.964 % in 2016. This records a decrease from the previous number of 6.689 % for 2015. Philippines PH: GDP: Growth: Adjusted Net National Income per Capita data is updated yearly, averaging 2.613 % from Dec 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 8.457 % in 2013 and a record low of -12.109 % in 1984. Philippines PH: GDP: Growth: Adjusted Net National Income per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).; Weighted average;

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.

In 2023, the gross value added (GVA) of the agriculture, forestry, and fishing sector in the Philippines expanded by *** percent in comparison to the previous year. The industry's growth was fueled by the recovery of the poultry and egg production as well as the livestock sector.

Actual value and historical data chart for Philippines GDP Per Capita Growth Annual Percent

Key information about Philippines Foreign Direct Investment: % of GDP

• Philippines Foreign Direct Investment (FDI) registered a growth equal to 1.3 % of the country's Nominal GDP in Jun 2025, compared with a growth equal to 1.6 % in the previous quarter.
• Philippines Foreign Direct Investment: % of Nominal GDP data is updated quarterly, available from Mar 2005 to Jun 2025.
• The data reached an all-time high of 5.1 % in Mar 2007 and a record low -0.3 % in Sep 2010.

CEIC calculates Foreign Direct Investment as % of Nominal GDP from monthly Foreign Direct Investment and quarterly Nominal GDP. Bangko Sentral ng Pilipinas provides Foreign Direct Investment in USD. Philippine Statistics Authority provides Nominal GDP in local currency. Bangko Sentral ng Pilipinas average market exchange rate is used for currency conversions.


Related information about Philippines Foreign Direct Investment: % of GDP

• In the latest reports of Philippines, Current Account recorded a deficit of 1.7 USD bn in Jun 2025.
• Foreign Direct Investment (FDI) increased by 493.7 USD mn in Aug 2025.
• Philippines Direct Investment Abroad expanded by 305.3 USD mn in Jun 2025.
• Its Foreign Portfolio Investment increased by 942.8 USD mn in Jun 2025.
• The country's Nominal GDP was reported at 114.9 USD bn in Sep 2025.

Historical dataset showing Philippines gdp growth rate by year from 1961 to 2023.

The Gross Domestic Product (GDP) in Philippines was worth 461.62 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Philippines represents 0.43 percent of the world economy. This dataset provides - Philippines GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Quarterly dataset of the Philippines GDP Growth Rate (YoY), including historical data, latest releases, and long-term trends from 1982-03-31 to 2025-09-30. Available for free download in CSV format.

Philippines PH: GDP: Growth: Gross Capital Formation data was reported at 9.003 % in 2017. This records a decrease from the previous number of 23.735 % for 2016. Philippines PH: GDP: Growth: Gross Capital Formation data is updated yearly, averaging 6.400 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 31.614 % in 2010 and a record low of -36.987 % in 1984. Philippines PH: GDP: Growth: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

GDP from Agriculture in Philippines decreased to 410864.28 PHP Million in the third quarter of 2025 from 436443.62 PHP Million in the second quarter of 2025. This dataset provides the latest reported value for - Philippines Gdp From Agriculture - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.