Key information about Philippines Nominal GDP Growth

• Philippines Nominal GDP Growth was reported at 7.442 % in Dec 2024.
• This records a decrease from the previous number of 8.556 % for Sep 2024.
• Philippines Nominal GDP Growth data is updated quarterly, averaging 10.256 % from Mar 1982 to Dec 2024, with 172 observations.
• The data reached an all-time high of 45.960 % in Sep 1984 and a record low of -14.953 % in Jun 2020.
• 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.

Key information about Philippines Real GDP Growth

• The Gross Domestic Product (GDP) in Philippines expanded 7.1 % YoY in Dec 2022, following a growth of 8.0 % in the previous quarter.
• Real GDP Growth YoY data in Philippines is updated quarterly, available from Mar 1999 to Dec 2022, with an average rate of 5.9 %.
• The data reached an all-time high of 12.4 % in Jun 2021 and a record low of -16.7 % 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 112.5 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.3 % in Dec 2022.
• GDP Per Capita in Philippines reached 3,623.3 USD in Dec 2022.
• Its Gross Savings Rate was measured at 10.8 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 21.5 % in Dec 2022.
• Public Consumption accounted for 13.8 % in Dec 2022.
• Private Consumption accounted for 75.4 % in Dec 2022.

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 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.

The Gross Domestic Product (GDP) in Philippines expanded 1.50 percent in the second 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.

Key information about Philippines Nominal GDP

• Philippines Nominal GDP reached 112.5 USD bn in Dec 2022, compared with 93.0 USD bn in the previous quarter.
• Nominal GDP in Philippines is updated quarterly, available from Mar 1981 to Dec 2022, with an average number of 22.7 USD bn.
• The data reached an all-time high of 112.5 USD bn in Dec 2022 and a record low of 7.9 USD bn in Sep 1984.

CEIC converts quarterly Nominal GDP into 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 Nominal GDP

• In the latest reports, Philippines GDP expanded 7.1 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.3 % in Dec 2022.
• Philippines GDP Per Capita reached 3,623.3 USD in Dec 2022.
• Its Gross Savings Rate was measured at 10.8 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 21.5 % in Dec 2022.
• Public Consumption accounted for 13.8 % in Dec 2022.
• Private Consumption accounted for 75.4 % in Dec 2022.

Philippines GDP: GNI: Net Primary Income data was reported at 17.729 % in Mar 2018. This records an increase from the previous number of 15.417 % for Dec 2017. Philippines GDP: GNI: Net Primary Income data is updated quarterly, averaging 17.232 % from Mar 2008 (Median) to Mar 2018, with 41 observations. The data reached an all-time high of 18.996 % in Sep 2013 and a record low of 14.044 % in Mar 2008. Philippines GDP: GNI: Net Primary Income data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A023: Gross Domestic Product: Indicators Derived from National Accounts.

Philippines GDP: Statistical Discrepancy data was reported at -26,306.918 PHP mn in Mar 2025. This records a decrease from the previous number of 43,268.910 PHP mn for Dec 2024. Philippines GDP: Statistical Discrepancy data is updated quarterly, averaging 3,807.010 PHP mn from Mar 1981 (Median) to Mar 2025, with 177 observations. The data reached an all-time high of 51,434.512 PHP mn in Dec 2021 and a record low of -57,283.062 PHP mn in Dec 2022. Philippines GDP: Statistical Discrepancy data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A001: PSNA 5th Revision: Gross Domestic Product: by Expenditure: Current Price.

Philippines GDP: National Government Debt Service: % of GDP data was reported at 5.161 % in Dec 2019. This records an increase from the previous number of 3.657 % for Sep 2019. Philippines GDP: National Government Debt Service: % of GDP data is updated quarterly, averaging 4.682 % from Mar 2017 (Median) to Dec 2019, with 12 observations. The data reached an all-time high of 6.639 % in Mar 2017 and a record low of 2.042 % in Dec 2018. Philippines GDP: National Government Debt Service: % of GDP data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A026: PSNA 5th Revision: Gross Domestic Product: Indicators Derived from National Accounts.

Philippines GDP: GFCF: Intellectual Property Products data was reported at 41,959.733 PHP mn in Mar 2025. This records a decrease from the previous number of 53,924.324 PHP mn for Dec 2024. Philippines GDP: GFCF: Intellectual Property Products data is updated quarterly, averaging 10,366.773 PHP mn from Mar 2000 (Median) to Mar 2025, with 101 observations. The data reached an all-time high of 53,924.324 PHP mn in Dec 2024 and a record low of 4,476.773 PHP mn in Jun 2000. Philippines GDP: GFCF: Intellectual Property Products data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A001: PSNA 5th Revision: Gross Domestic Product: by Expenditure: Current Price.

Philippines GDP: Total Trade as % of GDP data was reported at 79.915 % in Mar 2018. This records an increase from the previous number of 63.259 % for Dec 2017. Philippines GDP: Total Trade as % of GDP data is updated quarterly, averaging 68.208 % from Mar 2008 (Median) to Mar 2018, with 41 observations. The data reached an all-time high of 84.617 % in Sep 2008 and a record low of 51.408 % in Dec 2014. Philippines GDP: Total Trade as % of GDP data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A023: Gross Domestic Product: Indicators Derived from National Accounts.

Key information about Philippines Investment: % of GDP

• Philippines Investment accounted for 21.4 % of its Nominal GDP in Dec 2024, compared with a ratio of 23.8 % in the previous quarter.
• Philippines investment share of Nominal GDP data is updated quarterly, available from Jun 1972 to Dec 2024, with an average ratio of 22.5 %.
• The data reached an all-time high of 35.3 % in Mar 1983 and a record low of 12.5 % in Jun 2020.

CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly Nominal GDP. Philippine Statistics Authority provides Nominal Gross Capital Formation in local currency and Nominal GDP in local currency. Investment as % of Nominal GDP prior to Q1 1981 is sourced from the International Monetary Fund.


Related information about Philippines Investment: % of GDP

• In the latest reports, Philippines GDP expanded 6.4 % YoY in Mar 2023.
• Philippines Nominal GDP reached 102.1 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 6.8 % in Mar 2023.
• Philippines GDP Per Capita reached 3,623.5 USD in Dec 2022.
• Its Gross Savings Rate was measured at 7.6 % in Mar 2023.

Philippines GDP: Household Final Consumption Expenditure: % of GDP data was reported at 76.511 % in Mar 2020. This records an increase from the previous number of 72.318 % for Dec 2019. Philippines GDP: Household Final Consumption Expenditure: % of GDP data is updated quarterly, averaging 72.525 % from Mar 2017 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 76.511 % in Mar 2020 and a record low of 70.382 % in Jun 2017. Philippines GDP: Household Final Consumption Expenditure: % of GDP data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A026: PSNA 5th Revision: Gross Domestic Product: Indicators Derived from National Accounts.

Philippines GDP: Imports: % of GDP data was reported at 38.523 % in Mar 2020. This records an increase from the previous number of 34.702 % for Dec 2019. Philippines GDP: Imports: % of GDP data is updated quarterly, averaging 40.061 % from Mar 2017 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 45.266 % in Mar 2019 and a record low of 34.702 % in Dec 2019. Philippines GDP: Imports: % of GDP data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A026: PSNA 5th Revision: Gross Domestic Product: Indicators Derived from National Accounts.

Philippines GDP: Fixed Capital Formation: % of GDP data was reported at 25.036 % in Mar 2020. This records a decrease from the previous number of 26.176 % for Dec 2019. Philippines GDP: Fixed Capital Formation: % of GDP data is updated quarterly, averaging 26.393 % from Mar 2017 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 29.055 % in Sep 2019 and a record low of 24.986 % in Dec 2017. Philippines GDP: Fixed Capital Formation: % of GDP data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A026: PSNA 5th Revision: Gross Domestic Product: Indicators Derived from National Accounts.

Key information about Philippines GDP Per Capita

• Philippines Gross Domestic Product (GDP) per Capita reached 3,623.316 USD in Dec 2022, compared with 3,576.145 USD in Dec 2021.
• Philippines GDP Per Capita data is updated yearly, available from Dec 1950 to Dec 2022, with an average number of 759.190 USD.
• The data reached an all-time high of 3,623.316 USD in Dec 2022 and a record low of 177.167 in Dec 1962.
• CEIC converts annual GDP per Capita into USD. Philippine Statistics Authority provides GDP per Capita in local currency. Bangko Sentral ng Pilipinas average market exchange rate is used for currency conversions. GDP per Capita prior to 2000 is based on old classification of data. GDP per Capita prior to 1998 is calculated from Nominal GDP sourced from Philippine Statistics Authority and Population sourced from the International Monetary Fund.

Related information about Philippines GDP Per Capita data

• In the latest reports, Philippines GDP expanded 7.147 % YoY in Dec 2022.
• Philippines Nominal GDP reached 112.472 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.304 % in Dec 2022.
• Gross Savings Rate of Philippines was measured at 10.806 % in Dec 2022.

Philippines GDP: SOCCSKSARGEN: SS: Public Administration & Defense data was reported at 27,974,583.458 PHP th in 2023. This records an increase from the previous number of 25,317,971.720 PHP th for 2022. Philippines GDP: SOCCSKSARGEN: SS: Public Administration & Defense data is updated yearly, averaging 8,878,487.977 PHP th from Dec 2000 (Median) to 2023, with 24 observations. The data reached an all-time high of 27,974,583.458 PHP th in 2023 and a record low of 3,603,915.088 PHP th in 2005. Philippines GDP: SOCCSKSARGEN: SS: Public Administration & Defense 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: BARMM: SS: Public Administration & Defense data was reported at 31,846,099.047 PHP th in 2023. This records an increase from the previous number of 28,647,138.267 PHP th for 2022. Philippines GDP: BARMM: SS: Public Administration & Defense data is updated yearly, averaging 10,070,144.695 PHP th from Dec 2000 (Median) to 2023, with 24 observations. The data reached an all-time high of 31,846,099.047 PHP th in 2023 and a record low of 2,054,309.778 PHP th in 2001. Philippines GDP: BARMM: SS: Public Administration & Defense 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: Household Final Consumption Expenditure as % of GDP data was reported at 75.003 % in Mar 2018. This records an increase from the previous number of 73.312 % for Dec 2017. Philippines GDP: Household Final Consumption Expenditure as % of GDP data is updated quarterly, averaging 73.453 % from Mar 2008 (Median) to Mar 2018, with 41 observations. The data reached an all-time high of 76.470 % in Mar 2009 and a record low of 71.065 % in Sep 2010. Philippines GDP: Household Final Consumption Expenditure as % of GDP data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A023: Gross Domestic Product: Indicators Derived from National Accounts.

Philippines GDP: Compensation: Inflow: % of GNI data was reported at 11.905 % in Mar 2020. This records an increase from the previous number of 10.201 % for Dec 2019. Philippines GDP: Compensation: Inflow: % of GNI data is updated quarterly, averaging 11.905 % from Mar 2017 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 12.584 % in Mar 2017 and a record low of 10.201 % in Dec 2019. Philippines GDP: Compensation: Inflow: % of GNI data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A026: PSNA 5th Revision: Gross Domestic Product: Indicators Derived from National Accounts.