The Gross Domestic Product (GDP) in Philippines expanded 5.50 percent in the second 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 labor productivity in the Philippines registered a *** percent growth during the first quarter of 2025 in comparison to the previous quarter. The labor productivity recorded its highest contraction in the second quarter of 2021 at **** percent. Labor productivity is measured by gross domestic product (GDP) per person employed.

GDP from Construction in Philippines increased to 503113.20 PHP Million in the second quarter of 2025 from 323130.88 PHP Million in the first quarter of 2025. This dataset provides the latest reported value for - Philippines Gdp From Construction - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2024, the real gross domestic product (GDP) in Vietnam grew by approximately **** percent, marking the highest growth rate in Southeast Asia. In comparison, Myanmar's real GDP growth rate dropped by **** percent. Southeast Asia, a tapestry of economic and cultural complexity Historically a critical component of global trade, Southeast Asia is a diverse region with heterogeneous economies. The region comprises ** countries in total. While Singapore is a highly developed country economy and Brunei has a relatively high GDP per capita, the rest of the Southeast Asian countries are characterized by lower GDPs per capita and have yet to overcome the middle-income trap. Malaysia is one of these countries, having reached the middle-income level for many decades but yet to grow incomes proportionally to its economic development. Nevertheless, Southeast Asia’s young population will further drive economic growth across the region’s markets. ASEAN’s economic significance Aiming to promote economic growth, social progress, cultural development, and regional stability, all Southeast Asian countries except for Timor-Leste are part of the political and economic union Association of Southeast Asian Nations (ASEAN). Even though many concerns surround the union, ASEAN has avoided trade conflicts and is one of the largest and most dynamic trade zones globally. Factors such as the growing young population, high GDP growth, a largely positive trade balance, and exemplary regional integration hold great potential for future economic development in Southeast Asia.

As of the first quarter of 2025, the labor productivity in the Philippines reached ******* Philippine pesos, marking a *** percent growth from the previous quarter. The first quarter of 2021 has the lowest recorded labor productivity at around ****** Philippine pesos. Labor productivity is measured by gross domestic product (GDP) per person employed.

Key information about Philippines Gross National Product (GNP)

• Philippines Gross National Product (GNP) was reported at 147.424 USD bn in Dec 2024.
• This records an increase from the previous number of 125.293 USD bn for Sep 2024.
• Philippines Gross National Product (GNP) data is updated quarterly, averaging 25.427 USD bn from Mar 1981 to Dec 2024, with 176 observations.
• The data reached an all-time high of 147.424 USD bn in Dec 2024 and a record low of 6.693 USD bn in Sep 1985.

• Philippines Gross National Product (GNP) data remains active status in CEIC and is reported by CEIC Data.
• CEIC converts quarterly Gross National Product into USD. The Philippine Statistics Authority provides Gross National Product in local currency. Bangko Sentral ng Pilipinas average market exchange rate is used for currency conversions. Gross National Product prior to Q1 2000 is based on old classification of data.

In 2023, the estimated total GDP of all ASEAN states amounted to approximately 3.8 trillion U.S. dollars, a significant increase from the previous years. In fact, the GDP of the ASEAN region has been skyrocketing for a few years now, reflecting the region’s thriving economy. Power in the EastThe Association of Southeast Asian Nations (ASEAN) comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. It was established in 1967 among five of these countries (Indonesia, Malaysia, Thailand, Singapore, and the Philippines) to facilitate trade and economic growth, as well as promote cultural development and social structures in the region. To date, they have been joined by another five nations. The ASEAN marketThe founding of the ASEAN organization provides the collaborating nations with more autonomy and influence on the global economy than they would have had by themselves. Additionally, struggling participating countries, such as Laos, are given an opportunity to grow on an ASEAN single market.

GDP from Manufacturing in Philippines decreased to 974641.65 PHP Million in the second quarter of 2025 from 1079346.43 PHP Million in the first quarter of 2025. This dataset provides the latest reported value for - Philippines Gdp From Manufacturing - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This statistic shows the share of economic sectors in the gross domestic product (GDP) in the Philippines from 2013 to 2023. In 2023, the share of agriculture in the Philippines' gross domestic product was 9.4 percent, industry contributed approximately 28.18 percent and the services sector contributed about 62.42 percent.

The Philippines data center rack market is experiencing robust growth, fueled by increasing digitalization, cloud adoption, and the expansion of e-commerce and other data-intensive industries. The market's Compound Annual Growth Rate (CAGR) of 19.90% from 2019-2024 indicates significant potential. Key drivers include the rising need for reliable IT infrastructure to support businesses and government initiatives, as well as the growing demand for high-capacity data storage and processing. The IT & Telecommunication sector is expected to dominate the market, followed by the BFSI (Banking, Financial Services, and Insurance) sector, reflecting these industries' high reliance on secure and efficient data center operations. Market segmentation by rack size (quarter, half, full) reveals a preference for full-rack solutions, driven by the need for scalability and optimized space utilization in data centers. While the market faces challenges such as high initial investment costs and potential power outages, the long-term outlook remains positive due to continuous technological advancements, government support for digital infrastructure development, and increasing foreign investment. This expansion is likely to create opportunities for established players like Hewlett Packard Enterprise, Schneider Electric SE, and Dell Inc, alongside local companies like BTICINO PHILIPPINES INC, to capitalize on the growing demand for data center solutions. The market's growth will likely be influenced by factors like increasing government regulations regarding data security and privacy, as well as the growing adoption of edge computing technologies. Based on the provided 19.90% CAGR from 2019-2024 and considering typical market maturation, a conservative estimation suggests a continued, albeit slightly moderated, growth rate for the forecast period (2025-2033). The diverse end-user segments and evolving technological landscape in the Philippines offer ample opportunities for both established multinational corporations and local players to thrive. The market's trajectory is expected to be largely influenced by the nation's economic growth, ongoing government investments in digital infrastructure, and the continued penetration of cloud computing services. Competition will likely intensify, necessitating strategic partnerships and investments in research and development to maintain a competitive edge. Recent developments include: June 2023: PLDT, the Philippines' prominent telecommunications firm, plans to build a 12th data center in the country and is currently working on its 11th Data Centre outside of Manila. This 100MW facility near Santa Rosa was initiated in March 2022. In early 2024, the first phase of 14 MW is scheduled to go into operation., October 2022: Zenlayer entered into a joint venture with Megaport to strengthen and expand its presence globally. The partnership is aimed at providing enhanced services such as improved network connectivity, real-time provisioning, and on-demand private connectivity for its clients around the globe.. Key drivers for this market are: Increasing Number of Smartpone Users, Fiber Connectivity Network Expansion in the Country. Potential restraints include: Increasing Cybersecurity Threats and Ransomware Attacks, Low Availability of Resources. Notable trends are: IT & Telecommunication holds the major share..

Gross National Product in Philippines increased to 6668169.40 PHP Million in the second quarter of 2025 from 6520936.40 PHP Million in the first quarter of 2025. This dataset provides - Philippines Gross National Product - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP from Agriculture in Philippines decreased to 436434.87 PHP Million in the second quarter of 2025 from 456879.89 PHP Million in the first 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.

Government Spending in Philippines increased to 1019861.65 PHP Million in the second quarter of 2025 from 871001.67 PHP Million in the first quarter of 2025. This dataset provides - Philippines Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP from Transport in Philippines decreased to 205698.26 PHP Million in the second quarter of 2025 from 225637.03 PHP Million in the first quarter of 2025. This dataset provides the latest reported value for - Philippines Gdp From Transport - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2024, global retail e-commerce sales reached an estimated ************ U.S. dollars. Projections indicate a ** percent growth in this figure over the coming years, with expectations to come close to ************** dollars by 2028. World players Among the key players on the world stage, the American marketplace giant Amazon holds the title of the largest e-commerce player globally, with a gross merchandise value of nearly *********** U.S. dollars in 2024. Amazon was also the most valuable retail brand globally, followed by mostly American competitors such as Walmart and the Home Depot. Leading e-tailing regions E-commerce is a dormant channel globally, but nowhere has it been as successful as in Asia. In 2024, the e-commerce revenue in that continent alone was measured at nearly ************ U.S. dollars, outperforming the Americas and Europe. That year, the up-and-coming e-commerce markets also centered around Asia. The Philippines and India stood out as the swiftest-growing e-commerce markets based on online sales, anticipating a growth rate surpassing ** percent.

GDP from Mining in Philippines decreased to 43548.33 PHP Million in the second quarter of 2025 from 44282.17 PHP Million in the first quarter of 2025. This dataset provides the latest reported value for - Philippines Gdp From Mining - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Internet sales have played an increasingly significant role in retailing. In 2025, e-commerce accounted for over ***percent of retail sales worldwide. Forecasts indicate that by 2030, the online segment will make up ***percent of total global retail sales. Retail e-commerce Online shopping has grown steadily in popularity in recent years. In 2024, global e-commerce sales amounted to over ************ U.S. dollars, a figure expected to approach * trillion U.S. dollars by 2030. Digital development boomed during the COVID-19 pandemic, generating unprecedented e-commerce growth in various economies across the globe. This trend correlates strongly with the constantly improving online access, especially in "mobile-first" online communities, which have long struggled with traditional commercial fixed broadband connections due to financial or infrastructure constraints but enjoy the advantages of cheap mobile broadband connections. M-commerce on the rise The order share of online shopping via smartphones and tablets now outperforms traditional e-commerce via desktop computers. As such, e-retailers around the world have caught up in mobile e-commerce sales. Online shopping via smartphones is particularly prominent in Asia. By the end of 2023, South Korea was the top digital market based on the percentage of the population that had purchased something by phone, with nearly ** percent having made a weekly mobile purchase. Malaysia, UAE, and Turkey completed the top of the ranking.

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.

According to a survey, the majority of respondents in the Philippines expressed the intention of traveling domestically in 2025 in comparison to those who wish to travel abroad. The domestic tourism spending in the country has shown signs of recovery since the disruption in 2020.

GDP from Utilities in Philippines increased to 190138.57 PHP Million in the second quarter of 2025 from 170272.80 PHP Million in the first quarter of 2025. This dataset provides the latest reported value for - Philippines Gdp From Utilities - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.