Annual growth of imports of goods and services in Philippines
Philippines: Annual growth of imports of goods and services was 4.2% in 2024. ◆ Volatile
Annual growth of imports of goods and services in Philippines, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for annual growth of imports of goods and services in Philippines is 4.2%, measured in 2024.
The figure is up 301.9% on the previous year and down 57.8% over ten years.
Over the whole period, annual growth of imports of goods and services in Philippines peaked at 20.8% in 2010 and was at its lowest, -21.6%, in 2020.
That places Philippines 85th out of 176 countries with data for 2024, putting it 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 imports of goods and services in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 11.8% | — |
| 2001 | 8.6% | -27.0% |
| 2002 | 7.1% | -17.7% |
| 2003 | 5.3% | -25.1% |
| 2004 | 3.3% | -38.0% |
| 2005 | 3.7% | +13.4% |
| 2006 | 0.4% | -89.5% |
| 2007 | -0.2% | -164.1% |
| 2008 | 4.8% | -2012.0% |
| 2009 | -2.4% | -149.2% |
| 2010 | 20.8% | -983.0% |
| 2011 | -0.9% | -104.5% |
| 2012 | 6.8% | -818.1% |
| 2013 | 7.0% | +3.9% |
| 2014 | 9.9% | +41.2% |
| 2015 | 15.0% | +51.6% |
| 2016 | 18.8% | +25.3% |
| 2017 | 15.2% | -19.5% |
| 2018 | 14.6% | -3.4% |
| 2019 | 2.3% | -84.1% |
| 2020 | -21.6% | -1024.9% |
| 2021 | 12.8% | -159.5% |
| 2022 | 14.0% | +9.4% |
| 2023 | 1.0% | -92.6% |
| 2024 | 4.2% | +301.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.2% | -2.4% | 11.8% | 10 |
| 2010s | 10.9% | -0.9% | 20.8% | 10 |
| 2020s | 2.1% | -21.6% | 14.0% | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.60 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0033 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 13.72 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 7.79 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -17.1 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.016 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 66.71 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.46 % change on previous year (2025)
Frequently asked questions
- What is annual growth of imports of goods and services in Philippines?
- Annual growth of imports of goods and services in Philippines was 4.2% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of imports of goods and services recorded in Philippines?
- The highest recorded value was 20.8% in 2010.
- What is the lowest annual growth of imports of goods and services recorded in Philippines?
- The lowest recorded value was -21.6% in 2020.
- How does Philippines rank for annual growth of imports of goods and services?
- Philippines ranks 85th out of 176 countries with data for 2024.
- Is annual growth of imports of goods and services rising or falling in Philippines?
- Over the last ten years it is down 57.8%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of imports of goods and services. Statizoid updates them automatically from the source API.
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About this data
Annual growth of imports of goods and services (%).