Direct economic loss attributed to disasters in Philippines
Philippines: Direct economic loss attributed to disasters was 1.31 billion current united states dollars in 2023. ◆ Volatile
Latest (2023)
1.31 billion current united states dollars
Change on year
down 79.2%
World rank
13th
of 126 countries
All-time high
55.86 billion current united states dollars
in 2021
All-time low
423.88 million current united states dollars
in 2017
Years of data
8
2016–2023
Direct economic loss attributed to disasters in Philippines, 2016–2023
Source: UN Office for Disaster Risk Reduction – processed by Our World in Data. Measured in current united states dollars.
Analysis
Philippines recorded 1.31 billion current united states dollars for direct economic loss attributed to disasters in 2023.
Compared with earlier readings it is down 79.2% on the previous year and down 82.3% over ten years.
Philippines ranks 13th of 126 countries on this measure, in the top 10%.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.59 billion current united states dollars | 423.88 million current united states dollars | 10.91 billion current united states dollars | 4 |
| 2020s | 17.17 billion current united states dollars | 1.31 billion current united states dollars | 55.86 billion current united states dollars | 4 |
Countries ranked near Philippines
- 10 Mexico 2.68 billion current united states dollars compare
- 11 Chile 2.29 billion current united states dollars compare
- 12 Switzerland 1.34 billion current united states dollars compare
- 14 Sudan 1.27 billion current united states dollars compare
- 15 Guyana 890.53 million current united states dollars compare
- 16 Japan 716.51 million current united states dollars compare
More economy & growth data for Philippines
- External balance on goods and services as a percent of GDP -13.7% (2025)
- Inflation of consumer prices 1.7% (2025)
- GDP per capita 4,066 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 15.3% (2025)
- Gross domestic product (GDP) 474.84 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 4,066 constant 2015 US$ (2025)
- DEC alternative conversion factor 57.51 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.79 trillion current LCU (2024)
- Net secondary income (Net current transfers from abroad) 31.17 billion current US$ (2024)
- Net primary income (Net income from abroad) 4.19 trillion current LCU (2025)
Frequently asked questions
- What is direct economic loss attributed to disasters in Philippines?
- Direct economic loss attributed to disasters in Philippines was 1.31 billion current united states dollars in 2023, according to UN Office for Disaster Risk Reduction – processed by Our World in Data.
- What is the highest direct economic loss attributed to disasters recorded in Philippines?
- The highest recorded value was 55.86 billion current united states dollars in 2021.
- What is the lowest direct economic loss attributed to disasters recorded in Philippines?
- The lowest recorded value was 423.88 million current united states dollars in 2017.
- How does Philippines rank for direct economic loss attributed to disasters?
- Philippines ranks 13th out of 126 countries with data for 2023.
- Is direct economic loss attributed to disasters rising or falling in Philippines?
- Over the last ten years it is down 82.3%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from UN Office for Disaster Risk Reduction – processed by Our World in Data, published as part of Direct economic loss attributed to disasters. Statizoid updates them automatically from the source API.
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About this data
Direct economic loss attributed to disasters (current United States dollars)