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.

Das Bruttoinlandsprodukt (BIP) auf den Philippinen stieg im dritten Quartal 2025 um 0,40 Prozent gegenüber dem Vorquartal. Diese Seite bietet - Wachstumsrate des BIP der Philippinen - tatsächliche Werte, historische Daten, Prognosen, Diagramme, Statistiken, Wirtschaftskalender und Nachrichten.

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.

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.

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.

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.

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

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.

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

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 .

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.

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

Philippines PH: GDP: Growth: Gross Value Added: Industry data was reported at 7.166 % in 2017. This records a decrease from the previous number of 8.039 % for 2016. Philippines PH: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 5.242 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 13.245 % in 1973 and a record low of -15.750 % in 1985. Philippines PH: GDP: Growth: Gross Value Added: Industry 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: Gross Domestic Product: Annual Growth Rate. Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

5.7 (%) in 2024. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

The Gross Domestic Product per capita in Philippines was last recorded at 3925.30 US dollars in 2024. The GDP per Capita in Philippines is equivalent to 31 percent of the world's average. This dataset provides - Philippines GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Philippines (RGDPL2PHA625NUPN) from 1950 to 2010 about Philippines, PPP, domestic, per capita, GDP, and rate.

GDP per capita growth of Philippines rose by 3.33% from 4.7 % in 2023 to 4.8 % in 2024. Since the 145.14% slump in 2021, GDP per capita growth went up by 1.29% in 2024. Annual percentage growth rate of GDP per capita based on constant local currency. Aggregates are based on constant U.S. dollars. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

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;