GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Philippines
Philippines: GDP Deflator — Value Standard Local Currency, 2015 prices, annual was 2.91 % change on previous year in 2024. ◆ Volatile
Latest (2024)
2.91 % change on previous year
Change on year
down 36.6%
World rank
132nd
of 209 countries
All-time high
52.96 % change on previous year
in 1984
All-time low
-0.7198 % change on previous year
in 2015
Years of data
54
1971–2024
GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Philippines, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp deflator — value standard local currency, 2015 prices, annual in Philippines stood at 2.91 % change on previous year.
The figure is down 36.6% on the previous year and down 4.6% over ten years.
Over the whole period, gdp deflator — value standard local currency, 2015 prices, annual in Philippines peaked at 52.96 % change on previous year in 1984 and was at its lowest, -0.7198 % change on previous year, in 2015.
That places Philippines 132nd out of 209 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.
GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Philippines, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 14.52 % change on previous year | — |
| 1972 | 6.58 % change on previous year | -54.7% |
| 1973 | 17.11 % change on previous year | +160.1% |
| 1974 | 32.89 % change on previous year | +92.3% |
| 1975 | 9.48 % change on previous year | -71.2% |
| 1976 | 8.38 % change on previous year | -11.6% |
| 1977 | 8.37 % change on previous year | -0.2% |
| 1978 | 9.36 % change on previous year | +11.8% |
| 1979 | 14.94 % change on previous year | +59.7% |
| 1980 | 14.23 % change on previous year | -4.7% |
| 1981 | 11.76 % change on previous year | -17.3% |
| 1982 | 8.64 % change on previous year | -26.5% |
| 1983 | 14.25 % change on previous year | +64.8% |
| 1984 | 52.96 % change on previous year | +271.7% |
| 1985 | 17.06 % change on previous year | -67.8% |
| 1986 | 2.89 % change on previous year | -83.0% |
| 1987 | 7.5 % change on previous year | +159.2% |
| 1988 | 9.76 % change on previous year | +30.2% |
| 1989 | 9.1 % change on previous year | -6.8% |
| 1990 | 12.96 % change on previous year | +42.4% |
| 1991 | 16.39 % change on previous year | +26.5% |
| 1992 | 7.88 % change on previous year | -51.9% |
| 1993 | 6.81 % change on previous year | -13.6% |
| 1994 | 10.06 % change on previous year | +47.7% |
| 1995 | 7.64 % change on previous year | -24.0% |
| 1996 | 7.69 % change on previous year | +0.6% |
| 1997 | 6.26 % change on previous year | -18.6% |
| 1998 | 10.41 % change on previous year | +66.2% |
| 1999 | 6.33 % change on previous year | -39.1% |
| 2000 | 5.82 % change on previous year | -8.2% |
| 2001 | 5.62 % change on previous year | -3.4% |
| 2002 | 4.23 % change on previous year | -24.7% |
| 2003 | 3.19 % change on previous year | -24.6% |
| 2004 | 5.89 % change on previous year | +84.5% |
| 2005 | 5.91 % change on previous year | +0.3% |
| 2006 | 5.11 % change on previous year | -13.5% |
| 2007 | 3.16 % change on previous year | -38.1% |
| 2008 | 7.18 % change on previous year | +126.9% |
| 2009 | 2.74 % change on previous year | -61.9% |
| 2010 | 4.37 % change on previous year | +59.6% |
| 2011 | 3.92 % change on previous year | -10.3% |
| 2012 | 1.99 % change on previous year | -49.1% |
| 2013 | 2.06 % change on previous year | +3.4% |
| 2014 | 3.05 % change on previous year | +48.1% |
| 2015 | -0.7198 % change on previous year | -123.6% |
| 2016 | 1.28 % change on previous year | -277.8% |
| 2017 | 2.32 % change on previous year | +81.3% |
| 2018 | 3.74 % change on previous year | +61.2% |
| 2019 | 0.6967 % change on previous year | -81.4% |
| 2020 | 1.65 % change on previous year | +136.9% |
| 2021 | 2.28 % change on previous year | +38.3% |
| 2022 | 5.49 % change on previous year | +140.4% |
| 2023 | 4.6 % change on previous year | -16.2% |
| 2024 | 2.91 % change on previous year | -36.6% |
Philippines compared with similar countries
- Philippines's 2.91 % change on previous year is below the median for upper middle income countries, which is 3.82 % change on previous year, 76% of the median. (51 countries reporting)
- Philippines's 2.91 % change on previous year is below the median for East Asia & Pacific, which is 3.08 % change on previous year, 95% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.51 % change on previous year | 6.58 % change on previous year | 32.89 % change on previous year | 9 |
| 1980s | 14.82 % change on previous year | 2.89 % change on previous year | 52.96 % change on previous year | 10 |
| 1990s | 9.24 % change on previous year | 6.26 % change on previous year | 16.39 % change on previous year | 10 |
| 2000s | 4.89 % change on previous year | 2.74 % change on previous year | 7.18 % change on previous year | 10 |
| 2010s | 2.27 % change on previous year | -0.7198 % change on previous year | 4.37 % change on previous year | 10 |
| 2020s | 3.39 % change on previous year | 1.65 % change on previous year | 5.49 % change on previous year | 5 |
Countries ranked near Philippines
- 129 Sint Maarten (Dutch part) 3 % change on previous year compare
- 130 Puerto Rico 2.98 % change on previous year compare
- 131 Spain 2.98 % change on previous year compare
- 133 Japan 2.87 % change on previous year compare
- 134 North Macedonia 2.87 % change on previous year compare
- 135 Mali 2.8 % change on previous year 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.60 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0033 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 13.72 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 7.79 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -17.1 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.016 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 66.71 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.46 % change on previous year (2025)
Frequently asked questions
- What is gdp deflator — value standard local currency, 2015 prices, annual in Philippines?
- Gdp deflator — value standard local currency, 2015 prices, annual in Philippines was 2.91 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp deflator — value standard local currency, 2015 prices, annual recorded in Philippines?
- The highest recorded value was 52.96 % change on previous year in 1984.
- What is the lowest gdp deflator — value standard local currency, 2015 prices, annual recorded in Philippines?
- The lowest recorded value was -0.7198 % change on previous year in 2015.
- How does Philippines rank for gdp deflator — value standard local currency, 2015 prices, annual?
- Philippines ranks 132nd out of 209 countries with data for 2024.
- Is gdp deflator — value standard local currency, 2015 prices, annual rising or falling in Philippines?
- Over the last ten years it is down 4.6%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Statizoid (derived), published as part of GDP Deflator — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP Deflator — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.