Annual growth of general government final consumption expenditure in Philippines
Philippines: Annual growth of general government final consumption expenditure was 0.55 in 2023. ◆ Volatile
Latest (2023)
0.55
Change on year
down 89.3%
World rank
115th
of 167 countries
All-time high
15.49
in 2012
All-time low
-3.66
in 2002
Years of data
24
2000–2023
Annual growth of general government final consumption expenditure in Philippines, 2000–2023
Source: Our World in Data.
Analysis
Philippines recorded 0.55 for annual growth of general government final consumption expenditure in 2023.
The figure is down 89.3% on the previous year and down 88.9% over ten years.
Over the whole period, annual growth of general government final consumption expenditure in Philippines peaked at 15.49 in 2012 and was at its lowest, -3.66, in 2002.
Philippines ranks 115th of 167 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of general government final consumption expenditure in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -0.96 | — |
| 2001 | -1.32 | +37.5% |
| 2002 | -3.66 | +177.3% |
| 2003 | 4.21 | -215.0% |
| 2004 | 2.12 | -49.6% |
| 2005 | 2.98 | +40.6% |
| 2006 | 12.17 | +308.4% |
| 2007 | 7.11 | -41.6% |
| 2008 | 0.51 | -92.8% |
| 2009 | 11.04 | +2064.7% |
| 2010 | 4.17 | -62.2% |
| 2011 | 1.91 | -54.2% |
| 2012 | 15.49 | +711.0% |
| 2013 | 4.94 | -68.1% |
| 2014 | 3.62 | -26.7% |
| 2015 | 7.91 | +118.5% |
| 2016 | 9.36 | +18.3% |
| 2017 | 6.51 | -30.4% |
| 2018 | 13.39 | +105.7% |
| 2019 | 9.1 | -32.0% |
| 2020 | 10.5 | +15.4% |
| 2021 | 7.2 | -31.4% |
| 2022 | 5.13 | -28.8% |
| 2023 | 0.55 | -89.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.42 | -3.66 | 12.17 | 10 |
| 2010s | 7.64 | 1.91 | 15.49 | 10 |
| 2020s | 5.84 | 0.55 | 10.5 | 4 |
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)
- Manufacturing, value added (constant LCU), per capita 34,420 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 2.86 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.2699 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 1,126 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 3.24 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 15.52 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 64,732 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 1.71 % change on previous year (2025)
Frequently asked questions
- What is annual growth of general government final consumption expenditure in Philippines?
- Annual growth of general government final consumption expenditure in Philippines was 0.55 in 2023, according to Our World in Data.
- What is the highest annual growth of general government final consumption expenditure recorded in Philippines?
- The highest recorded value was 15.49 in 2012.
- What is the lowest annual growth of general government final consumption expenditure recorded in Philippines?
- The lowest recorded value was -3.66 in 2002.
- How does Philippines rank for annual growth of general government final consumption expenditure?
- Philippines ranks 115th out of 167 countries with data for 2023.
- Is annual growth of general government final consumption expenditure rising or falling in Philippines?
- Over the last ten years it is down 88.9%. 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 growth of general government final consumption expenditure. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).