Annual growth of the general government final consumption expenditure in Philippines
Philippines: Annual growth of the general government final consumption expenditure was 7.3% in 2024. ◆ Volatile
Latest (2024)
7.3%
Change on year
up 2,077.5%
World rank
29th
of 181 countries
All-time high
15.5%
in 2012
All-time low
-3.7%
in 2002
Years of data
25
2000–2024
Annual growth of the general government final consumption expenditure in Philippines, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual growth of the general government final consumption expenditure in Philippines stood at 7.3%.
That represents a change of up 2,077.5% on the previous year and up 100.7% over ten years.
Over the whole period, annual growth of the general government final consumption expenditure in Philippines peaked at 15.5% in 2012 and was at its lowest, -3.7%, in 2002.
Philippines ranks 29th of 181 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the general government final consumption expenditure in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -1.0% | — |
| 2001 | -1.3% | +38.2% |
| 2002 | -3.7% | +176.3% |
| 2003 | 4.2% | -215.1% |
| 2004 | 2.1% | -49.8% |
| 2005 | 3.0% | +40.7% |
| 2006 | 12.2% | +308.7% |
| 2007 | 7.1% | -41.6% |
| 2008 | 0.5% | -92.8% |
| 2009 | 11.0% | +2065.4% |
| 2010 | 4.2% | -62.2% |
| 2011 | 1.9% | -54.3% |
| 2012 | 15.5% | +712.7% |
| 2013 | 4.9% | -68.1% |
| 2014 | 3.6% | -26.6% |
| 2015 | 7.9% | +118.3% |
| 2016 | 9.4% | +18.3% |
| 2017 | 6.5% | -30.5% |
| 2018 | 13.4% | +105.8% |
| 2019 | 9.1% | -32.0% |
| 2020 | 10.5% | +15.4% |
| 2021 | 7.2% | -31.5% |
| 2022 | 5.1% | -28.7% |
| 2023 | 0.3% | -93.5% |
| 2024 | 7.3% | +2077.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.4% | -3.7% | 12.2% | 10 |
| 2010s | 7.6% | 1.9% | 15.5% | 10 |
| 2020s | 6.1% | 0.3% | 10.5% | 5 |
Countries ranked near Philippines
- 26 Mozambique 7.4% compare
- 27 Burkina Faso 7.4% compare
- 28 Croatia 7.3% compare
- 30 Paraguay 7.1% compare
- 31 Latvia 7.0% compare
- 32 Solomon Islands 6.9% compare
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)
- Final consumption expenditure (constant 2015 US$), per capita 3,507 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 4.86 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 1.14 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 4,742 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 5.25 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 65.38 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 272,678 current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 3.72 % change on previous year (2025)
Frequently asked questions
- What is annual growth of the general government final consumption expenditure in Philippines?
- Annual growth of the general government final consumption expenditure in Philippines was 7.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the general government final consumption expenditure recorded in Philippines?
- The highest recorded value was 15.5% in 2012.
- What is the lowest annual growth of the general government final consumption expenditure recorded in Philippines?
- The lowest recorded value was -3.7% in 2002.
- How does Philippines rank for annual growth of the general government final consumption expenditure?
- Philippines ranks 29th out of 181 countries with data for 2024.
- Is annual growth of the general government final consumption expenditure rising or falling in Philippines?
- Over the last ten years it is up 100.7%. 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 the general government final consumption expenditure (%). Statizoid updates them automatically from the source API.
Download this data
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