Annual GDP growth in Philippines
Philippines: Annual GDP growth was 5.7% in 2024. β Volatile
Latest (2024)
5.7%
Change on year
up 3.1%
World rank
26th
of 197 countries
All-time high
7.6%
in 2022
All-time low
-9.5%
in 2020
Years of data
25
2000β2024
Annual GDP growth in Philippines, 2000β2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual gdp growth in Philippines stood at 5.7%.
Compared with earlier readings it is up 3.1% on the previous year and down 10.3% over ten years.
Over the whole period, annual gdp growth in Philippines peaked at 7.6% in 2022 and was at its lowest, -9.5%, in 2020.
Philippines ranks 26th of 197 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.5% | 1.4% | 6.6% | 10 |
| 2010s | 6.4% | 3.9% | 7.3% | 10 |
| 2020s | 3.0% | -9.5% | 7.6% | 5 |
Countries ranked near Philippines
More economy & growth data for Philippines
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.98 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.4 Percent per annum (2029)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0124 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 80.53 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 58.8 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 0.017 (2025)
- Gdp worldbank constant usd, annual growth rate 4.4 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.9749 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 4,066 units per person (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2025)
Frequently asked questions
- What is annual gdp growth in Philippines?
- Annual gdp growth in Philippines was 5.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Philippines?
- The highest recorded value was 7.6% in 2022.
- What is the lowest annual gdp growth recorded in Philippines?
- The lowest recorded value was -9.5% in 2020.
- How does Philippines rank for annual gdp growth?
- Philippines ranks 26th out of 197 countries with data for 2024.
- Is annual gdp growth rising or falling in Philippines?
- Over the last ten years it is down 10.3%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).