Direct disaster economic loss in Philippines
Philippines: Direct disaster economic loss was 7.38 billion in 2024. ◆ Volatile
Latest (2024)
7.38 billion
Change on year
up 329.4%
World rank
6th
of 130 countries
All-time high
55.87 billion
in 2021
All-time low
423.88 million
in 2017
Years of data
9
2016–2024
Direct disaster economic loss in Philippines, 2016–2024
Source: Our World in Data.
Analysis
In 2024, direct disaster economic loss in Philippines stood at 7.38 billion.
Compared with earlier readings it is up 329.4% on the previous year and down 0.2% over ten years.
Over the whole period, direct disaster economic loss in Philippines peaked at 55.87 billion in 2021 and was at its lowest, 423.88 million, in 2017.
That places Philippines 6th out of 130 countries with data for 2024, putting it in the top 10%.
Direct disaster economic loss in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 2016 | 7.39 billion | — |
| 2017 | 423.88 million | -94.3% |
| 2018 | 3.64 billion | +757.6% |
| 2019 | 10.91 billion | +200.2% |
| 2020 | 5.22 billion | -52.1% |
| 2021 | 55.87 billion | +969.3% |
| 2022 | 6.29 billion | -88.7% |
| 2023 | 1.72 billion | -72.7% |
| 2024 | 7.38 billion | +329.4% |
Philippines compared with similar countries
- Philippines's 7.38 billion is above the median for upper middle income countries, which is 9.95 million, 741.3× the median. (46 countries reporting)
- Philippines's 7.38 billion is above the median for East Asia & Pacific, which is 21.34 million, 345.8× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.59 billion | 423.88 million | 10.91 billion | 4 |
| 2020s | 15.29 billion | 1.72 billion | 55.87 billion | 5 |
Countries ranked near Philippines
More economy & growth data for Philippines
- Real gdp growth, annual growth rate -22.65 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.64 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0081 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 33.76 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5964 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0059 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 24.65 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.11 % change on previous year (2025)
Frequently asked questions
- What is direct disaster economic loss in Philippines?
- Direct disaster economic loss in Philippines was 7.38 billion in 2024, according to Our World in Data.
- What is the highest direct disaster economic loss recorded in Philippines?
- The highest recorded value was 55.87 billion in 2021.
- What is the lowest direct disaster economic loss recorded in Philippines?
- The lowest recorded value was 423.88 million in 2017.
- How does Philippines rank for direct disaster economic loss?
- Philippines ranks 6th out of 130 countries with data for 2024.
- Is direct disaster economic loss rising or falling in Philippines?
- Over the last ten years it is down 0.2%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Our World in Data, published as part of Direct disaster economic loss. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 9 observations, free to reuse under CC BY 4.0 (Our World in Data).