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 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.

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.

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 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.

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 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.

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.

Philippines GDP: SS: Human Health & Social Work Activities data was reported at 157,543.845 PHP mn in Sep 2025. This records an increase from the previous number of 132,763.075 PHP mn for Jun 2025. Philippines GDP: SS: Human Health & Social Work Activities data is updated quarterly, averaging 41,200.365 PHP mn from Mar 2000 (Median) to Sep 2025, with 103 observations. The data reached an all-time high of 158,448.575 PHP mn in Dec 2024 and a record low of 10,050.067 PHP mn in Mar 2000. Philippines GDP: SS: Human Health & Social Work 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.A: PSNA 5th Revision: Gross Domestic Product: by Industry: Current Price.

Key information about Philippines GDP Deflator Growth

• Philippines GDP deflator (implicit price deflator) increased 0.8 % in Sep 2025, compared with an increase of 1.7 % in the previous quarter.
• Philippines GDP Deflator Growth data is updated quarterly, available from Mar 1982 to Sep 2025, with an average rate of 3.7 %.
• The data reached an all-time high of 63.8 % in Sep 1984 and a record low of -1.6 % in Sep 2015.

CEIC calculates GDP Deflator Growth from quarterly GDP Deflator. Philippine Statistics Authority provides GDP Deflator at 2018 prices. GDP Deflator Growth prior to Q1 2001 is calculated from GDP Deflator at 2010 prices.


Related information about Philippines GDP Deflator Growth

• In the latest reports, Philippines GDP expanded 4.3 % YoY in Sep 2025.
• Its Nominal GDP reached 114.9 USD bn 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.

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.

Philippines GDP: SS: Accommodation & Food Service Activities data was reported at 144,097.483 PHP mn in Sep 2025. This records an increase from the previous number of 136,370.580 PHP mn for Jun 2025. Philippines GDP: SS: Accommodation & Food Service Activities data is updated quarterly, averaging 52,208.440 PHP mn from Mar 2000 (Median) to Sep 2025, with 103 observations. The data reached an all-time high of 178,175.718 PHP mn in Mar 2025 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.A: PSNA 5th Revision: Gross Domestic Product: by Industry: Current Price.

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.

Key information about Philippines Public Consumption: % of GDP

• Philippines Public Consumption accounted for 15.5 % of its Nominal GDP in Sep 2025, compared with a share of 16.9 % in the previous quarter.
• Philippines Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1981 to Sep 2025, with an average number of 10.5 %.
• The data reached an all-time high of 20.0 % in Jun 2020 and a record low of 6.5 % in Jun 1984.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. Philippine Statistics Authority provides Government Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Philippines Public Consumption: % of GDP

• In the latest reports, Philippines GDP expanded 4.3 % YoY in Sep 2025.
• Philippines Nominal GDP reached 114.9 USD bn 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.
• Private Consumption accounted for 79.1 % in Sep 2025.

Key information about Philippines Investment: % of GDP

• Philippines Investment accounted for 22.4 % of its Nominal GDP in Sep 2025, compared with a ratio of 26.2 % in the previous quarter.
• Philippines investment share of Nominal GDP data is updated quarterly, available from Jun 1972 to Sep 2025, with an average ratio of 16.1 %.
• 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 4.3 % YoY in Sep 2025.
• Philippines Nominal GDP reached 114.9 USD bn 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.

In 2024, the ratio of national debt to gross domestic product (GDP) of the Philippines amounted to 56.63 percent. Between 1993 and 2024, the figure dropped by 17.24 percentage points, though the decline followed an uneven course rather than a steady trajectory. The ratio is forecast to decline by 0.9 percentage points from 2024 to 2030, fluctuating as it trends downward.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Key information about Philippines GDP Per Capita

• Philippines Gross Domestic Product (GDP) per Capita reached 1,954.615 USD in Dec 2024, compared with 1,851.504 USD in Dec 2023.
• Philippines GDP Per Capita data is updated yearly, available from Dec 1950 to Dec 2024, with an average number of 642.282 USD.
• The data reached an all-time high of 3,644.797 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 4.263 % YoY in Sep 2025.
• Philippines Nominal GDP reached 114.881 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 0.815 % in Sep 2025.
• Gross Savings Rate of Philippines was measured at 5.374 % in Sep 2025.

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 Foreign Direct Investment: % of GDP

• Philippines Foreign Direct Investment (FDI) registered a growth equal to 1.3 % of the country's Nominal GDP in Jun 2025, compared with a growth equal to 1.6 % in the previous quarter.
• Philippines Foreign Direct Investment: % of Nominal GDP data is updated quarterly, available from Mar 2005 to Jun 2025.
• The data reached an all-time high of 5.1 % in Mar 2007 and a record low -0.3 % in Sep 2010.

CEIC calculates Foreign Direct Investment as % of Nominal GDP from monthly Foreign Direct Investment and quarterly Nominal GDP. Bangko Sentral ng Pilipinas provides Foreign Direct Investment in 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 Foreign Direct Investment: % of GDP

• In the latest reports of Philippines, Current Account recorded a deficit of 1.7 USD bn in Jun 2025.
• Foreign Direct Investment (FDI) increased by 493.7 USD mn in Aug 2025.
• Philippines Direct Investment Abroad expanded by 305.3 USD mn in Jun 2025.
• Its Foreign Portfolio Investment increased by 942.8 USD mn in Jun 2025.
• The country's Nominal GDP was reported at 114.9 USD bn in Sep 2025.

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.