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: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for annual growth of the gross capital formation in Philippines is 7.7%, measured in 2024.
Compared with earlier readings it is up 22.1% 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.
Philippines ranks 46th 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 the gross capital formation in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 1.1% | — |
| 2001 | 20.5% | +1763.6% |
| 2002 | 6.7% | -67.3% |
| 2003 | -0.4% | -106.1% |
| 2004 | 6.1% | -1597.6% |
| 2005 | -4.3% | -170.7% |
| 2006 | -10.3% | +137.8% |
| 2007 | 8.3% | -180.7% |
| 2008 | 26.8% | +221.4% |
| 2009 | -6.0% | -122.4% |
| 2010 | 30.5% | -607.7% |
| 2011 | -2.5% | -108.3% |
| 2012 | 5.4% | -313.8% |
| 2013 | 18.4% | +239.6% |
| 2014 | 8.3% | -55.1% |
| 2015 | 13.4% | +62.0% |
| 2016 | 20.8% | +55.0% |
| 2017 | 10.9% | -47.6% |
| 2018 | 11.3% | +3.5% |
| 2019 | 3.5% | -69.1% |
| 2020 | -34.2% | -1080.5% |
| 2021 | 20.0% | -158.5% |
| 2022 | 13.7% | -31.6% |
| 2023 | 6.3% | -54.0% |
| 2024 | 7.7% | +22.1% |
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)
- Manufacturing, value added (current US$), per unit of GDP 0.1533 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 639.39 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 8.82 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 36,768 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.1753 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 731.3 constant 2015 US$ per person (2025)
- 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)
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 World Bank – processed by Our World in Data.
- 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 167 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 World Bank – processed by Our World in Data, published as part of Annual growth of the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).