GDP Deflator — Value Standard Local Currency, 2015 prices in Philippines
Philippines: GDP Deflator — Value Standard Local Currency, 2015 prices was 127.81 SLC in 2024. ◆ Volatile
GDP Deflator — Value Standard Local Currency, 2015 prices in Philippines, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
Philippines recorded 127.81 SLC for gdp deflator — value standard local currency, 2015 prices in 2024. That is the highest value across all 55 years on record.
The figure is up 2.9% on the previous year and up 26.9% over ten years.
Over the whole period, gdp deflator — value standard local currency, 2015 prices in Philippines peaked at 127.81 SLC in 2024 and was at its lowest, 1.93 SLC, in 1970.
That places Philippines 130th 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 in Philippines, year by year
| Year | SLC | Change |
|---|---|---|
| 1970 | 1.93 SLC | — |
| 1971 | 2.21 SLC | +14.5% |
| 1972 | 2.36 SLC | +6.6% |
| 1973 | 2.76 SLC | +17.1% |
| 1974 | 3.67 SLC | +32.9% |
| 1975 | 4.02 SLC | +9.5% |
| 1976 | 4.36 SLC | +8.4% |
| 1977 | 4.72 SLC | +8.4% |
| 1978 | 5.16 SLC | +9.4% |
| 1979 | 5.93 SLC | +14.9% |
| 1980 | 6.78 SLC | +14.2% |
| 1981 | 7.58 SLC | +11.8% |
| 1982 | 8.23 SLC | +8.6% |
| 1983 | 9.4 SLC | +14.2% |
| 1984 | 14.39 SLC | +53.0% |
| 1985 | 16.84 SLC | +17.1% |
| 1986 | 17.33 SLC | +2.9% |
| 1987 | 18.63 SLC | +7.5% |
| 1988 | 20.44 SLC | +9.8% |
| 1989 | 22.3 SLC | +9.1% |
| 1990 | 25.19 SLC | +13.0% |
| 1991 | 29.32 SLC | +16.4% |
| 1992 | 31.64 SLC | +7.9% |
| 1993 | 33.79 SLC | +6.8% |
| 1994 | 37.19 SLC | +10.1% |
| 1995 | 40.03 SLC | +7.6% |
| 1996 | 43.11 SLC | +7.7% |
| 1997 | 45.81 SLC | +6.3% |
| 1998 | 50.57 SLC | +10.4% |
| 1999 | 53.78 SLC | +6.3% |
| 2000 | 56.91 SLC | +5.8% |
| 2001 | 60.1 SLC | +5.6% |
| 2002 | 62.65 SLC | +4.2% |
| 2003 | 64.65 SLC | +3.2% |
| 2004 | 68.45 SLC | +5.9% |
| 2005 | 72.5 SLC | +5.9% |
| 2006 | 76.21 SLC | +5.1% |
| 2007 | 78.62 SLC | +3.2% |
| 2008 | 84.26 SLC | +7.2% |
| 2009 | 86.57 SLC | +2.7% |
| 2010 | 90.35 SLC | +4.4% |
| 2011 | 93.89 SLC | +3.9% |
| 2012 | 95.77 SLC | +2.0% |
| 2013 | 97.74 SLC | +2.1% |
| 2014 | 100.72 SLC | +3.1% |
| 2015 | 100 SLC | -0.7% |
| 2016 | 101.28 SLC | +1.3% |
| 2017 | 103.63 SLC | +2.3% |
| 2018 | 107.51 SLC | +3.7% |
| 2019 | 108.26 SLC | +0.7% |
| 2020 | 110.04 SLC | +1.7% |
| 2021 | 112.56 SLC | +2.3% |
| 2022 | 118.73 SLC | +5.5% |
| 2023 | 124.19 SLC | +4.6% |
| 2024 | 127.81 SLC | +2.9% |
Philippines compared with similar countries
- Philippines's 127.81 SLC is below the median for upper middle income countries, which is 140.19 SLC, 91% of the median. (51 countries reporting)
- Philippines's 127.81 SLC is below the median for East Asia & Pacific, which is 131.2 SLC, 97% of the median. (24 countries reporting)
Biggest year-on-year movements
Years where GDP Deflator — Value Standard Local Currency, 2015 prices in Philippines changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1984 | +53.0% | 9.4 SLC | 14.39 SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.71 SLC | 1.93 SLC | 5.93 SLC | 10 |
| 1980s | 14.19 SLC | 6.78 SLC | 22.3 SLC | 10 |
| 1990s | 39.04 SLC | 25.19 SLC | 53.78 SLC | 10 |
| 2000s | 71.09 SLC | 56.91 SLC | 86.57 SLC | 10 |
| 2010s | 99.92 SLC | 90.35 SLC | 108.26 SLC | 10 |
| 2020s | 118.67 SLC | 110.04 SLC | 127.81 SLC | 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0043 units per US$ of GDP (2025)
Frequently asked questions
- What is gdp deflator — value standard local currency, 2015 prices in Philippines?
- Gdp deflator — value standard local currency, 2015 prices in Philippines was 127.81 SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value standard local currency, 2015 prices recorded in Philippines?
- The highest recorded value was 127.81 SLC in 2024.
- What is the lowest gdp deflator — value standard local currency, 2015 prices recorded in Philippines?
- The lowest recorded value was 1.93 SLC in 1970.
- How does Philippines rank for gdp deflator — value standard local currency, 2015 prices?
- Philippines ranks 130th out of 209 countries with data for 2024.
- Is gdp deflator — value standard local currency, 2015 prices rising or falling in Philippines?
- Over the last ten years it is up 26.9%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of GDP Deflator — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).