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 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 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.

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.

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.

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.

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.

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.

Philippines GDP: National Capital Region (NCR) data was reported at 8,214,308.357 PHP th in 2024. This records an increase from the previous number of 7,572,877.704 PHP th for 2023. Philippines GDP: National Capital Region (NCR) data is updated yearly, averaging 3,553,088.571 PHP th from Dec 2000 (Median) to 2024, with 25 observations. The data reached an all-time high of 8,214,308.357 PHP th in 2024 and a record low of 1,237,450.701 PHP th in 2000. Philippines GDP: National Capital Region (NCR) data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A016: PSNA 5th Revision: Gross Domestic Product: by Region and Province: Current Price.

In 2024, the digital economy contributed *** percent to the gross domestic product (GDP) of the Philippines. The GDP share of the digital economy peaked in 2021.

The gross domestic product (GDP) per capita in the Philippines stood at 4,078.98 U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by 3,304.5 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by 2,111.56 U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

Key information about Philippines Nominal GDP

• Philippines Nominal GDP reached 114.9 USD bn in Sep 2025, compared with 123.8 USD bn in the previous quarter.
• Nominal GDP in Philippines is updated quarterly, available from Mar 1981 to Sep 2025, with an average number of 21.7 USD bn.
• The data reached an all-time high of 130.3 USD bn in Dec 2024 and a record low of 7.9 USD bn in Sep 1984.

• In the latest reports, Philippines GDP expanded 4.3 % YoY in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 0.8 % in Sep 2025.
• Philippines GDP Per Capita 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.

Monthly and long-term Philippines GDP Per Capita data: historical series and analyst forecasts curated by FocusEconomics.

Philippines GDP: Davao Region data was reported at 1,376,650.876 PHP th in 2024. This records an increase from the previous number of 1,255,297.156 PHP th for 2023. Philippines GDP: Davao Region data is updated yearly, averaging 454,315.711 PHP th from Dec 2000 (Median) to 2024, with 25 observations. The data reached an all-time high of 1,376,650.876 PHP th in 2024 and a record low of 152,937.206 PHP th in 2000. Philippines GDP: Davao Region data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A016: PSNA 5th Revision: Gross Domestic Product: by Region and Province: Current Price.

GDP from Services in Philippines decreased to 3687554.57 PHP Million in the third quarter of 2025 from 3695648.27 PHP Million in the second quarter of 2025. This dataset provides - Philippines Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Philippines GDP: Government Final Consumption Expenditure data was reported at 976,284.703 PHP mn in Mar 2025. This records a decrease from the previous number of 1,026,212.117 PHP mn for Dec 2024. Philippines GDP: Government Final Consumption Expenditure data is updated quarterly, averaging 116,920.847 PHP mn from Mar 1981 (Median) to Mar 2025, with 177 observations. The data reached an all-time high of 1,063,621.176 PHP mn in Jun 2024 and a record low of 6,187.253 PHP mn in Mar 1981. Philippines GDP: Government Final Consumption Expenditure 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.

GDP Deflator in Philippines decreased to 118.61 points in the third quarter of 2025 from 119.21 points in the second quarter of 2025. This dataset provides - Philippines GDP Deflator - actual values, historical data, forecast, chart, statistics, economic calendar and news.