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 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.

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 growth of the real gross domestic product (GDP) in the Philippines stood at about 5.69 percent in 2024. From 1980 to 2024, the growth rose by approximately 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 around 0.61 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.

The Gross Domestic Product (GDP) in Philippines expanded 5.50 percent in the second 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.

GDP, billion currency units in the Philippines, June, 2025 The most recent value is 6965.09 billion Philippine Peso as of Q2 2025, an increase compared to the previous value of 6582.09 billion Philippine Peso. Historically, the average for the Philippines from Q1 1981 to Q2 2025 is 1920.37 billion Philippine Peso. The minimum of 73.85 billion Philippine Peso was recorded in Q3 1981, while the maximum of 7577.84 billion Philippine Peso was reached in Q4 2024. | TheGlobalEconomy.com

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 2,204.23 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).

Investment as percent of GDP in the Philippines, March, 2025 The most recent value is 22.09 percent as of Q1 2025, an increase compared to the previous value of 21.25 percent. Historically, the average for the Philippines from Q1 1981 to Q1 2025 is 23.12 percent. The minimum of 14.59 percent was recorded in Q4 1985, while the maximum of 35.33 percent was reached in Q1 1983. | TheGlobalEconomy.com

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.

Consumption as percent of GDP in the Philippines, March, 2025 The most recent value is 78.21 percent as of Q1 2025, an increase compared to the previous value of 75.61 percent. Historically, the average for the Philippines from Q1 1981 to Q1 2025 is 71.88 percent. The minimum of 55.18 percent was recorded in Q1 1981, while the maximum of 78.69 percent was reached in Q3 2022. | TheGlobalEconomy.com

Economic growth, quarterly in the Philippines, June, 2025 The most recent value is 1.5 percent as of Q2 2025, an increase compared to the previous value of 1.25 percent. Historically, the average for the Philippines from Q2 2000 to Q2 2025 is 1.23 percent. The minimum of -13.85 percent was recorded in Q2 2020, while the maximum of 6.89 percent was reached in Q3 2020. | TheGlobalEconomy.com

The latest data from show economic growth of 5.48 percent, which is an increase from the rate of growth of 5.38 percent in the previous quarter and
a decrease compared to the growth rate of 6.45 percent in the same quarter last year. The economic growth time series for the Philippines cover the...

The latest data from show economic growth of 5.41 pour cent, which is an increase from the rate of growth of 5.25 pour cent in the previous quarter and
a decrease compared to the growth rate of 5.88 pour cent in the same quarter last year. The economic growth time series for Philippines cover...

In 2024, the ratio of national debt to gross domestic product (GDP) of the Philippines was approximately 57.06 percent. Between 1993 and 2024, the figure dropped by around 16.81 percentage points, though the decline followed an uneven course rather than a steady trajectory. The ratio is forecast to decline by about 4.59 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.

GDP from Services in Philippines increased to 3694523.56 PHP Million in the second quarter of 2025 from 3401165.53 PHP Million in the first 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 from Transport in Philippines decreased to 205698.26 PHP Million in the second quarter of 2025 from 225637.03 PHP Million in the first quarter of 2025. This dataset provides the latest reported value for - Philippines Gdp From Transport - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Philippines GDP: GFCF: Construction data was reported at 865,519.149 PHP mn in Mar 2025. This records a decrease from the previous number of 1,006,280.067 PHP mn for Dec 2024. Philippines GDP: GFCF: Construction data is updated quarterly, averaging 344,456.279 PHP mn from Mar 2000 (Median) to Mar 2025, with 101 observations. The data reached an all-time high of 1,295,187.836 PHP mn in Jun 2024 and a record low of 83,690.699 PHP mn in Jun 2000. Philippines GDP: GFCF: Construction 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: 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.

In 2023, the estimated total GDP of all ASEAN states amounted to approximately 3.8 trillion U.S. dollars, a significant increase from the previous years. In fact, the GDP of the ASEAN region has been skyrocketing for a few years now, reflecting the region’s thriving economy. Power in the EastThe Association of Southeast Asian Nations (ASEAN) comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. It was established in 1967 among five of these countries (Indonesia, Malaysia, Thailand, Singapore, and the Philippines) to facilitate trade and economic growth, as well as promote cultural development and social structures in the region. To date, they have been joined by another five nations. The ASEAN marketThe founding of the ASEAN organization provides the collaborating nations with more autonomy and influence on the global economy than they would have had by themselves. Additionally, struggling participating countries, such as Laos, are given an opportunity to grow on an ASEAN single market.