Annual growth of households and NPISHs final consumption expenditure in Philippines
Philippines: Annual growth of households and NPISHs final consumption expenditure was 4.9% in 2024. ◆ Volatile
Annual growth of households and NPISHs final consumption expenditure in Philippines, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Philippines recorded 4.9% for annual growth of households and npishs final consumption expenditure in 2024.
Compared with earlier readings it is down 12.3% on the previous year and down 16.0% over ten years.
Over the whole period, annual growth of households and npishs final consumption expenditure in Philippines peaked at 8.3% in 2022 and was at its lowest, -8.0%, in 2020.
Philippines ranks 58th of 185 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 households and NPISHs final consumption expenditure in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 5.2% | — |
| 2001 | 3.9% | -24.1% |
| 2002 | 5.1% | +29.4% |
| 2003 | 5.4% | +5.5% |
| 2004 | 5.9% | +9.8% |
| 2005 | 4.4% | -24.7% |
| 2006 | 4.2% | -5.9% |
| 2007 | 4.8% | +15.0% |
| 2008 | 3.9% | -19.9% |
| 2009 | 2.5% | -34.3% |
| 2010 | 3.6% | +41.8% |
| 2011 | 5.6% | +54.7% |
| 2012 | 6.8% | +22.5% |
| 2013 | 5.8% | -14.4% |
| 2014 | 5.8% | -0.6% |
| 2015 | 6.4% | +11.4% |
| 2016 | 7.1% | +10.9% |
| 2017 | 6.0% | -16.7% |
| 2018 | 5.8% | -3.2% |
| 2019 | 5.9% | +1.8% |
| 2020 | -8.0% | -235.6% |
| 2021 | 4.2% | -152.9% |
| 2022 | 8.3% | +96.8% |
| 2023 | 5.5% | -33.2% |
| 2024 | 4.9% | -12.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.5% | 2.5% | 5.9% | 10 |
| 2010s | 5.9% | 3.6% | 7.1% | 10 |
| 2020s | 3.0% | -8.0% | 8.3% | 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)
- Total reserves minus gold (current US$), annual growth rate -3.14 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.1894 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 789.95 current US$ per person (2025)
- General government final consumption expenditure (current US$) 9.71 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.1514 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 631.56 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 10.12 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 8.71 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is annual growth of households and npishs final consumption expenditure in Philippines?
- Annual growth of households and npishs final consumption expenditure in Philippines was 4.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of households and npishs final consumption expenditure recorded in Philippines?
- The highest recorded value was 8.3% in 2022.
- What is the lowest annual growth of households and npishs final consumption expenditure recorded in Philippines?
- The lowest recorded value was -8.0% in 2020.
- How does Philippines rank for annual growth of households and npishs final consumption expenditure?
- Philippines ranks 58th out of 185 countries with data for 2024.
- Is annual growth of households and npishs final consumption expenditure rising or falling in Philippines?
- Over the last ten years it is down 16.0%. 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 growth of households and NPISHs final consumption expenditure (%). Statizoid updates them automatically from the source API.
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