Key information about Philippines Gross National Product (GNP)

• Philippines Gross National Product (GNP) was reported at 147.424 USD bn in Dec 2024.
• This records an increase from the previous number of 125.293 USD bn for Sep 2024.
• Philippines Gross National Product (GNP) data is updated quarterly, averaging 25.427 USD bn from Mar 1981 to Dec 2024, with 176 observations.
• The data reached an all-time high of 147.424 USD bn in Dec 2024 and a record low of 6.693 USD bn in Sep 1985.

• Philippines Gross National Product (GNP) data remains active status in CEIC and is reported by CEIC Data.
• CEIC converts quarterly Gross National Product into USD. The Philippine Statistics Authority provides Gross National Product in local currency. Bangko Sentral ng Pilipinas average market exchange rate is used for currency conversions. Gross National Product prior to Q1 2000 is based on old classification of data.

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.

Gross National Product in Philippines increased to 6552211.68 PHP Million in the first quarter of 2025 from 6461635.30 PHP Million in the fourth quarter of 2024. This dataset provides - Philippines Gross National Product - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Philippines Gross National Income: per capita data was reported at 66,645.772 PHP in Mar 2025. This records a decrease from the previous number of 75,848.550 PHP for Dec 2024. Philippines Gross National Income: per capita data is updated quarterly, averaging 31,998.104 PHP from Mar 2000 (Median) to Mar 2025, with 101 observations. The data reached an all-time high of 75,848.550 PHP in Dec 2024 and a record low of 12,287.117 PHP in Mar 2000. Philippines Gross National Income: per capita 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.

During the fourth quarter of 2024, the gross domestic product (GDP) of the Philippines amounted to approximately 6.19 trillion Philippine pesos, the highest since the first quarter of 2018. The country's GDP fluctuated in the observed period.

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.

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.

Philippines GDP: 2018p: sa: Imports: SS: Telecom Computer & Information data was reported at 23,744.989 PHP mn in Dec 2024. This records a decrease from the previous number of 31,939.291 PHP mn for Sep 2024. Philippines GDP: 2018p: sa: Imports: SS: Telecom Computer & Information data is updated quarterly, averaging 4,233.664 PHP mn from Mar 2000 (Median) to Dec 2024, with 100 observations. The data reached an all-time high of 31,939.291 PHP mn in Sep 2024 and a record low of 1,427.738 PHP mn in Mar 2008. Philippines GDP: 2018p: sa: Imports: SS: Telecom Computer & Information data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A039: PSNA 5th Revision: Gross Domestic Product: Goods & Services: Imports: 2018 Price: Seasonally Adjusted.

The gross savings as a share of the GDP in the Philippines increased by 4.9 percentage points (+21.81 percent) compared to the previous year. In total, the gross savings amounted to 27.33 percent in 2023. Gross savings are calculated by subtracting the total consumption value from gross national income, plus net transfers.Find more statistics on other topics about the Philippines with key insights such as charges for the use of intellectual property, total reserves, and share of value added by the manufacturing industry to the gross domestic product.

The ratio of military expenditure to gross domestic product (GDP) in the Philippines decreased by 0.1 percentage points (-7.58 percent) in 2023 in comparison to the previous year. Nevertheless, the last two years recorded a significantly higher ratio than the preceding years.Military expenditure refers to the total amount of money spent on a country's armed forces, including peacekeeping and defense operations. This figure is then given as a share of its gross domestic product (not total government expenditure). When comparing international figures there may be some discrepancies depending on what countries consider military spending.Find more statistics on other topics about the Philippines with key insights such as share of total labor force working for the armed forces, proportion of seats held by women in the national parliament, and tax rate on international trade as a share of revenue earned.

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.

Philippines GDP: 2018p: sa: Exports: Services: Telecom, Computer & Information data was reported at 139,748.755 PHP mn in Dec 2024. This records an increase from the previous number of 125,141.140 PHP mn for Sep 2024. Philippines GDP: 2018p: sa: Exports: Services: Telecom, Computer & Information data is updated quarterly, averaging 44,629.455 PHP mn from Mar 2000 (Median) to Dec 2024, with 100 observations. The data reached an all-time high of 139,748.755 PHP mn in Dec 2024 and a record low of 1,408.540 PHP mn in Jun 2000. Philippines GDP: 2018p: sa: Exports: Services: Telecom, Computer & Information data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A036: PSNA 5th Revision: Gross Domestic Product: Goods & Services: Exports: 2018 Price: Seasonally Adjusted.

Philippines Gross National Income: 1985p data was reported at 542,972.000 PHP mn in Dec 2010. This records an increase from the previous number of 439,733.000 PHP mn for Sep 2010. Philippines Gross National Income: 1985p data is updated quarterly, averaging 220,438.000 PHP mn from Mar 1981 (Median) to Dec 2010, with 120 observations. The data reached an all-time high of 542,972.000 PHP mn in Dec 2010 and a record low of 124,263.000 PHP mn in Sep 1985. Philippines Gross National Income: 1985p data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A038: Gross Domestic Product: by Expenditure: SNA 1968/1993: 1985 Price.

The Gross Domestic Product (GDP) in Philippines expanded 5.40 percent in the first 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.

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.

• 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.

The share of value added by the manufacturing industry to the gross domestic product in the Philippines decreased by one percentage points (-5.8 percent) compared to the previous year. Therefore, 2023 marks the lowest share during the observed period. These figures refer to the share of total gross domestic product (GDP) made up by the output of manufacturing industries.Find more statistics on other topics about the Philippines with key insights such as annual growth of gross capital formation, gross savings, and gross savings as a share of the GDP.

The personal remittances received as a share of the gross domestic product in the Philippines decreased by *** percentage points (-5.31 percent) in 2023 in comparison to the previous year. This marks the lowest personal remittances received during the observed period.

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.

Philippines PH: Adjusted Savings: Net Forest Depletion: % of GNI data was reported at 0.178 % in 2016. This records an increase from the previous number of 0.169 % for 2015. Philippines PH: Adjusted Savings: Net Forest Depletion: % of GNI data is updated yearly, averaging 0.548 % from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 3.602 % in 1973 and a record low of 0.169 % in 2015. Philippines PH: Adjusted Savings: Net Forest Depletion: % of GNI 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: Nominal. Net forest depletion is calculated as the product of unit resource rents and the excess of roundwood harvest over natural growth. If growth exceeds harvest, this figure is zero.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;

Philippines recorded a Government Debt to GDP of 60.70 percent of the country's Gross Domestic Product in 2024. This dataset provides - Philippines Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.