Annual growth of the gross capital formation in Philippines
Philippines: Annual growth of the gross capital formation was 7.7% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Philippines, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Philippines recorded 7.7% for annual growth of the gross capital formation in 2024.
Compared with earlier readings it is up 22.2% on the previous year and down 7.1% over ten years.
Over the whole period, annual growth of the gross capital formation in Philippines peaked at 30.5% in 2010 and was at its lowest, -34.2%, in 2020.
That places Philippines 46th out of 174 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 the gross capital formation in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 1.1% | — |
| 2001 | 20.5% | +1769.1% |
| 2002 | 6.7% | -67.3% |
| 2003 | -0.4% | -106.1% |
| 2004 | 6.1% | -1603.5% |
| 2005 | -4.3% | -170.7% |
| 2006 | -10.3% | +137.8% |
| 2007 | 8.3% | -180.8% |
| 2008 | 26.8% | +221.2% |
| 2009 | -6.0% | -122.4% |
| 2010 | 30.5% | -607.8% |
| 2011 | -2.5% | -108.3% |
| 2012 | 5.4% | -313.7% |
| 2013 | 18.4% | +239.9% |
| 2014 | 8.3% | -55.1% |
| 2015 | 13.4% | +62.0% |
| 2016 | 20.8% | +55.1% |
| 2017 | 10.9% | -47.6% |
| 2018 | 11.3% | +3.5% |
| 2019 | 3.5% | -69.0% |
| 2020 | -34.2% | -1079.7% |
| 2021 | 20.0% | -158.5% |
| 2022 | 13.7% | -31.6% |
| 2023 | 6.3% | -54.0% |
| 2024 | 7.7% | +22.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.8% | -10.3% | 26.8% | 10 |
| 2010s | 12.0% | -2.5% | 30.5% | 10 |
| 2020s | 2.7% | -34.2% | 20.0% | 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)
- Exports of goods and services (current LCU), annual growth rate 9.25 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 15.27 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 63,678 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 8.24 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.2865 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 1,195 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 1.83 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2274 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is annual growth of the gross capital formation in Philippines?
- Annual growth of the gross capital formation in Philippines was 7.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the gross capital formation recorded in Philippines?
- The highest recorded value was 30.5% in 2010.
- What is the lowest annual growth of the gross capital formation recorded in Philippines?
- The lowest recorded value was -34.2% in 2020.
- How does Philippines rank for annual growth of the gross capital formation?
- Philippines ranks 46th out of 174 countries with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Philippines?
- Over the last ten years it is down 7.1%. 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 gross capital formation (%). Statizoid updates them automatically from the source API.
Download this data
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