Annual growth rate of real GDP per capita in Philippines
Philippines: Annual growth rate of real GDP per capita was 4.8% in 2024. ◆ Volatile
Annual growth rate of real GDP per capita in Philippines, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual growth rate of real gdp per capita in Philippines is 4.8%, measured in 2024.
That represents a change of up 2.1% on the previous year and up 4.3% over ten years.
Over the whole period, annual growth rate of real gdp per capita in Philippines peaked at 6.8% in 2022 and was at its lowest, -10.5%, in 2020.
Philippines ranks 28th of 226 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 rate of real GDP per capita in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 1.9% | — |
| 2001 | 0.8% | -57.9% |
| 2002 | 1.6% | +100.0% |
| 2003 | 3.0% | +87.5% |
| 2004 | 4.5% | +50.0% |
| 2005 | 3.0% | -33.3% |
| 2006 | 3.6% | +20.0% |
| 2007 | 4.7% | +30.6% |
| 2008 | 2.5% | -46.8% |
| 2009 | -0.4% | -116.0% |
| 2010 | 5.2% | -1400.0% |
| 2011 | 1.8% | -65.4% |
| 2012 | 4.8% | +166.7% |
| 2013 | 4.8% | +0.0% |
| 2014 | 4.6% | -4.2% |
| 2015 | 4.8% | +4.3% |
| 2016 | 5.7% | +18.8% |
| 2017 | 5.6% | -1.8% |
| 2018 | 5.0% | -10.7% |
| 2019 | 4.8% | -4.0% |
| 2020 | -10.5% | -318.8% |
| 2021 | 4.8% | -145.7% |
| 2022 | 6.8% | +41.7% |
| 2023 | 4.7% | -30.9% |
| 2024 | 4.8% | +2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.5% | -0.4% | 4.7% | 10 |
| 2010s | 4.7% | 1.8% | 5.7% | 10 |
| 2020s | 2.1% | -10.5% | 6.8% | 5 |
Countries ranked near Philippines
- 28 Albania 4.8% compare
- 28 Armenia 4.8% compare
- 28 Benin 4.8% compare
- 28 Russian Federation 4.8% compare
- 28 Saint Vincent and the Grenadines 4.8% compare
- 28 Russian Federation 4.8% 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 rate of real gdp per capita in Philippines?
- Annual growth rate of real gdp per capita in Philippines was 4.8% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth rate of real gdp per capita recorded in Philippines?
- The highest recorded value was 6.8% in 2022.
- What is the lowest annual growth rate of real gdp per capita recorded in Philippines?
- The lowest recorded value was -10.5% in 2020.
- How does Philippines rank for annual growth rate of real gdp per capita?
- Philippines ranks 28th out of 226 countries with data for 2024.
- Is annual growth rate of real gdp per capita rising or falling in Philippines?
- Over the last ten years it is up 4.3%. 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 rate of real GDP per capita (%). Statizoid updates them automatically from the source API.
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