Annual gdp growth in Philippines
Philippines: Annual gdp growth was 5.69 in 2024. ◆ Volatile
Annual gdp growth in Philippines, 2000–2024
Source: Our World in Data.
Analysis
The most recent figure for annual gdp growth in Philippines is 5.69, measured in 2024.
Compared with earlier readings it is up 3.1% on the previous year and down 10.4% over ten years.
Over the whole period, annual gdp growth in Philippines peaked at 7.58 in 2022 and was at its lowest, -9.52, in 2020.
That places Philippines 31st out of 212 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual gdp growth in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 4.38 | — |
| 2001 | 3.05 | -30.4% |
| 2002 | 3.72 | +22.0% |
| 2003 | 5.09 | +36.8% |
| 2004 | 6.57 | +29.1% |
| 2005 | 4.94 | -24.8% |
| 2006 | 5.32 | +7.7% |
| 2007 | 6.52 | +22.6% |
| 2008 | 4.34 | -33.4% |
| 2009 | 1.45 | -66.6% |
| 2010 | 7.33 | +405.5% |
| 2011 | 3.86 | -47.3% |
| 2012 | 6.9 | +78.8% |
| 2013 | 6.75 | -2.2% |
| 2014 | 6.35 | -5.9% |
| 2015 | 6.35 | +0.0% |
| 2016 | 7.15 | +12.6% |
| 2017 | 6.93 | -3.1% |
| 2018 | 6.34 | -8.5% |
| 2019 | 6.12 | -3.5% |
| 2020 | -9.52 | -255.6% |
| 2021 | 5.71 | -160.0% |
| 2022 | 7.58 | +32.7% |
| 2023 | 5.52 | -27.2% |
| 2024 | 5.69 | +3.1% |
Philippines compared with similar countries
- Philippines's 5.69 is above the median for upper middle income countries, which is 3.5, 1.6× the median. (58 countries reporting)
- Philippines's 5.69 is above the median for East Asia & Pacific, which is 3.26, 1.7× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Annual gdp growth in Philippines changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +405.5% | 1.45 | 7.33 |
| 2020 | -255.6% | 6.12 | -9.52 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.54 | 1.45 | 6.57 | 10 |
| 2010s | 6.41 | 3.86 | 7.33 | 10 |
| 2020s | 3 | -9.52 | 7.58 | 5 |
Countries ranked near Philippines
More economy & growth data for Philippines
- Real gdp growth, annual growth rate -22.65 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.64 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0081 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 33.76 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5964 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0059 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 24.65 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.11 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Philippines?
- Annual gdp growth in Philippines was 5.69 in 2024, according to Our World in Data.
- What is the highest annual gdp growth recorded in Philippines?
- The highest recorded value was 7.58 in 2022.
- What is the lowest annual gdp growth recorded in Philippines?
- The lowest recorded value was -9.52 in 2020.
- How does Philippines rank for annual gdp growth?
- Philippines ranks 31st out of 212 countries with data for 2024.
- Is annual gdp growth rising or falling in Philippines?
- Over the last ten years it is down 10.4%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Our World in Data, published as part of Annual gdp growth. Statizoid updates them automatically from the source API.
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CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Our World in Data).