In 2024, the wholesale retail and trade and the repair of motor vehicles and motorcycles sector contributed the highest share of gross domestic product (GDP) in the Philippines at **** percent. This was followed by the manufacturing sector, accounting for **** percent.

In 2024, the wholesale retail and trade and the repair of motor vehicles and motorcycles sector contributed the highest gross domestic product (GDP) in the Philippines, which amounted to **** trillion Philippine pesos. This was followed by the manufacturing sector, which was valued at **** trillion Philippine pesos.

The Gross Domestic Product per capita in Philippines was last recorded at 3745.65 US dollars in 2023. The GDP per Capita in Philippines is equivalent to 30 percent of the world's average. This dataset provides - Philippines GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar 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.

Philippines GDP Composition by Sector, 2016 Discover more data with ReportLinker!

The Gross Domestic Product (GDP) in Philippines expanded 5.40 percent in the first 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.

Philippines GDP: CARAGA: Industry Sector (IS) data was reported at 141,104,607.450 PHP th in 2023. This records an increase from the previous number of 135,299,422.822 PHP th for 2022. Philippines GDP: CARAGA: Industry Sector (IS) data is updated yearly, averaging 67,192,644.656 PHP th from Dec 2000 (Median) to 2023, with 24 observations. The data reached an all-time high of 141,104,607.450 PHP th in 2023 and a record low of 17,705,821.587 PHP th in 2000. Philippines GDP: CARAGA: Industry Sector (IS) data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A018: PSNA 5th Revision: Gross Domestic Product: by Region: by Industry: Current Price.

Philippines GDP: SOCCSKSARGEN: Industry Sector (IS) data was reported at 143,316,864.980 PHP th in 2023. This records an increase from the previous number of 134,741,164.463 PHP th for 2022. Philippines GDP: SOCCSKSARGEN: Industry Sector (IS) data is updated yearly, averaging 62,610,282.711 PHP th from Dec 2000 (Median) to 2023, with 24 observations. The data reached an all-time high of 143,316,864.980 PHP th in 2023 and a record low of 21,967,129.105 PHP th in 2001. Philippines GDP: SOCCSKSARGEN: Industry Sector (IS) data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A018: PSNA 5th Revision: Gross Domestic Product: by Region: by Industry: Current 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.

The Gross Domestic Product (GDP) in Philippines was worth 437.15 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Philippines represents 0.41 percent of the world economy. This dataset provides - Philippines GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Philippines GDP: CAR: Industry Sector (IS) data was reported at 99,833.326 PHP th in 2024. This records an increase from the previous number of 96,096.121 PHP th for 2023. Philippines GDP: CAR: Industry Sector (IS) data is updated yearly, averaging 71,177,070.186 PHP th from Dec 2000 (Median) to 2024, with 25 observations. The data reached an all-time high of 84,544,232.061 PHP th in 2010 and a record low of 88,873.951 PHP th in 2022. Philippines GDP: CAR: Industry Sector (IS) data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A018: PSNA 5th Revision: Gross Domestic Product: by Region: by Industry: Current Price.

Philippines GDP: CALABARZON: Industry Sector (IS) data was reported at 1,605,493,593.888 PHP th in 2023. This records an increase from the previous number of 1,513,851,022.314 PHP th for 2022. Philippines GDP: CALABARZON: Industry Sector (IS) data is updated yearly, averaging 876,541,721.038 PHP th from Dec 2000 (Median) to 2023, with 24 observations. The data reached an all-time high of 1,605,493,593.888 PHP th in 2023 and a record low of 327,166,536.385 PHP th in 2000. Philippines GDP: CALABARZON: Industry Sector (IS) data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A018: PSNA 5th Revision: Gross Domestic Product: by Region: by Industry: Current Price.

Philippines GDP: Cagayan Valley: Industry Sector (IS) data was reported at 148,525,234.137 PHP th in 2023. This records an increase from the previous number of 128,691,562.879 PHP th for 2022. Philippines GDP: Cagayan Valley: Industry Sector (IS) data is updated yearly, averaging 52,157,406.440 PHP th from Dec 2000 (Median) to 2023, with 24 observations. The data reached an all-time high of 148,525,234.137 PHP th in 2023 and a record low of 22,044,267.416 PHP th in 2000. Philippines GDP: Cagayan Valley: Industry Sector (IS) data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A018: PSNA 5th Revision: Gross Domestic Product: by Region: by Industry: Current Price.

The share of value added by the manufacturing industry to the gross domestic product in the Philippines decreased by one percentage points (-5.8 percent) compared to the previous year. Therefore, 2023 marks the lowest share during the observed period. These figures refer to the share of total gross domestic product (GDP) made up by the output of manufacturing industries.Find more statistics on other topics about the Philippines with key insights such as annual growth of gross capital formation, gross savings, and gross savings as a share of the GDP.

Philippines GDP: Central Luzon: Industry Sector (IS) data was reported at 1,159,612.950 PHP th in 2024. This records an increase from the previous number of 1,069,674.349 PHP th for 2023. Philippines GDP: Central Luzon: Industry Sector (IS) data is updated yearly, averaging 293,750,839.106 PHP th from Dec 2000 (Median) to 2024, with 25 observations. The data reached an all-time high of 960,971,397.443 PHP th in 2019 and a record low of 973,388.820 PHP th in 2022. Philippines GDP: Central Luzon: Industry Sector (IS) data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A018: PSNA 5th Revision: Gross Domestic Product: by Region: by Industry: Current Price.

Philippines GDP: SS: Accommodation & Food Service Activities data was reported at 163,447.115 PHP mn in Dec 2024. This records an increase from the previous number of 133,157.516 PHP mn for Sep 2024. Philippines GDP: SS: Accommodation & Food Service Activities data is updated quarterly, averaging 44,292.167 PHP mn from Mar 2000 (Median) to Dec 2024, with 100 observations. The data reached an all-time high of 164,210.334 PHP mn in Mar 2024 and a record low of 14,143.250 PHP mn in Jun 2000. Philippines GDP: SS: Accommodation & Food Service Activities data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A008: PSNA 5th Revision: Gross Domestic Product: by Industry: Current Price.

Domestic credit provided by financial sector (% of GDP) in Philippines was reported at 99.21 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Domestic credit provided by banking sector (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Domestic credit to private sector by banks (% of GDP) in Philippines was reported at 48.3 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Domestic credit to private sector by banks (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2025.

Philippines GDP: Service Sector: Other Services data was reported at 1,553,521.271 PHP mn in 2017. This records an increase from the previous number of 1,425,022.776 PHP mn for 2016. Philippines GDP: Service Sector: Other Services data is updated yearly, averaging 666,368.045 PHP mn from Dec 1998 (Median) to 2017, with 20 observations. The data reached an all-time high of 1,553,521.271 PHP mn in 2017 and a record low of 296,844.004 PHP mn in 1998. Philippines GDP: Service Sector: Other Services data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A007: SNA 2008: Gross Domestic Product: by Industry: Current Price: Annual.

GDP from Construction in Philippines decreased to 322468.12 PHP Million in the first quarter of 2025 from 481217.36 PHP Million in the fourth quarter of 2024. 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.