Gross domestic product (GDP) in Philippines
Philippines: Gross domestic product (GDP) was 1.16 trillion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
1.16 trillion international-$ in 2021 prices
Change on year
up 5.4%
World rank
29th
of 184 countries
All-time high
1.16 trillion international-$ in 2021 prices
in 2023
All-time low
32.68 billion international-$ in 2021 prices
in 1950
Years of data
74
1950–2023
Gross domestic product (GDP) in Philippines, 1950–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
The most recent figure for gross domestic product (gdp) in Philippines is 1.16 trillion international-$ in 2021 prices, measured in 2023. That is the highest value across all 74 years on record.
The figure is up 5.4% on the previous year and up 53.4% over ten years.
Over the whole period, gross domestic product (gdp) in Philippines peaked at 1.16 trillion international-$ in 2021 prices in 2023 and was at its lowest, 32.68 billion international-$ in 2021 prices, in 1950.
Philippines ranks 29th of 184 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Philippines, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1950 | 32.68 billion international-$ in 2021 prices | — |
| 1951 | 33.53 billion international-$ in 2021 prices | +2.6% |
| 1952 | 36.77 billion international-$ in 2021 prices | +9.7% |
| 1953 | 41.08 billion international-$ in 2021 prices | +11.7% |
| 1954 | 44.04 billion international-$ in 2021 prices | +7.2% |
| 1955 | 47.69 billion international-$ in 2021 prices | +8.3% |
| 1956 | 49.59 billion international-$ in 2021 prices | +4.0% |
| 1957 | 52.85 billion international-$ in 2021 prices | +6.6% |
| 1958 | 54.83 billion international-$ in 2021 prices | +3.8% |
| 1959 | 60.63 billion international-$ in 2021 prices | +10.6% |
| 1960 | 60.69 billion international-$ in 2021 prices | +0.1% |
| 1961 | 63.91 billion international-$ in 2021 prices | +5.3% |
| 1962 | 69.17 billion international-$ in 2021 prices | +8.2% |
| 1963 | 73.25 billion international-$ in 2021 prices | +5.9% |
| 1964 | 74.58 billion international-$ in 2021 prices | +1.8% |
| 1965 | 77.82 billion international-$ in 2021 prices | +4.3% |
| 1966 | 80.82 billion international-$ in 2021 prices | +3.9% |
| 1967 | 82.08 billion international-$ in 2021 prices | +1.6% |
| 1968 | 87.83 billion international-$ in 2021 prices | +7.0% |
| 1969 | 93.13 billion international-$ in 2021 prices | +6.0% |
| 1970 | 99.00 billion international-$ in 2021 prices | +6.3% |
| 1971 | 105.39 billion international-$ in 2021 prices | +6.5% |
| 1972 | 111.03 billion international-$ in 2021 prices | +5.3% |
| 1973 | 121.19 billion international-$ in 2021 prices | +9.1% |
| 1974 | 129.45 billion international-$ in 2021 prices | +6.8% |
| 1975 | 140.69 billion international-$ in 2021 prices | +8.7% |
| 1976 | 151.33 billion international-$ in 2021 prices | +7.6% |
| 1977 | 156.48 billion international-$ in 2021 prices | +3.4% |
| 1978 | 165.92 billion international-$ in 2021 prices | +6.0% |
| 1979 | 170.68 billion international-$ in 2021 prices | +2.9% |
| 1980 | 186.78 billion international-$ in 2021 prices | +9.4% |
| 1981 | 194.60 billion international-$ in 2021 prices | +4.2% |
| 1982 | 202.07 billion international-$ in 2021 prices | +3.8% |
| 1983 | 206.98 billion international-$ in 2021 prices | +2.4% |
| 1984 | 194.24 billion international-$ in 2021 prices | -6.2% |
| 1985 | 182.21 billion international-$ in 2021 prices | -6.2% |
| 1986 | 192.60 billion international-$ in 2021 prices | +5.7% |
| 1987 | 214.19 billion international-$ in 2021 prices | +11.2% |
| 1988 | 235.02 billion international-$ in 2021 prices | +9.7% |
| 1989 | 256.10 billion international-$ in 2021 prices | +9.0% |
| 1990 | 280.43 billion international-$ in 2021 prices | +9.5% |
| 1991 | 285.95 billion international-$ in 2021 prices | +2.0% |
| 1992 | 300.21 billion international-$ in 2021 prices | +5.0% |
| 1993 | 319.57 billion international-$ in 2021 prices | +6.4% |
| 1994 | 351.75 billion international-$ in 2021 prices | +10.1% |
| 1995 | 388.88 billion international-$ in 2021 prices | +10.6% |
| 1996 | 421.12 billion international-$ in 2021 prices | +8.3% |
| 1997 | 419.74 billion international-$ in 2021 prices | -0.3% |
| 1998 | 407.98 billion international-$ in 2021 prices | -2.8% |
| 1999 | 401.07 billion international-$ in 2021 prices | -1.7% |
| 2000 | 407.11 billion international-$ in 2021 prices | +1.5% |
| 2001 | 409.21 billion international-$ in 2021 prices | +0.5% |
| 2002 | 408.71 billion international-$ in 2021 prices | -0.1% |
| 2003 | 415.50 billion international-$ in 2021 prices | +1.7% |
| 2004 | 427.19 billion international-$ in 2021 prices | +2.8% |
| 2005 | 442.20 billion international-$ in 2021 prices | +3.5% |
| 2006 | 466.85 billion international-$ in 2021 prices | +5.6% |
| 2007 | 505.88 billion international-$ in 2021 prices | +8.4% |
| 2008 | 542.45 billion international-$ in 2021 prices | +7.2% |
| 2009 | 565.16 billion international-$ in 2021 prices | +4.2% |
| 2010 | 632.19 billion international-$ in 2021 prices | +11.9% |
| 2011 | 676.97 billion international-$ in 2021 prices | +7.1% |
| 2012 | 732.11 billion international-$ in 2021 prices | +8.1% |
| 2013 | 757.32 billion international-$ in 2021 prices | +3.4% |
| 2014 | 795.45 billion international-$ in 2021 prices | +5.0% |
| 2015 | 828.87 billion international-$ in 2021 prices | +4.2% |
| 2016 | 891.89 billion international-$ in 2021 prices | +7.6% |
| 2017 | 938.36 billion international-$ in 2021 prices | +5.2% |
| 2018 | 994.60 billion international-$ in 2021 prices | +6.0% |
| 2019 | 1.07 trillion international-$ in 2021 prices | +7.6% |
| 2020 | 958.32 billion international-$ in 2021 prices | -10.4% |
| 2021 | 1.02 trillion international-$ in 2021 prices | +6.5% |
| 2022 | 1.10 trillion international-$ in 2021 prices | +8.0% |
| 2023 | 1.16 trillion international-$ in 2021 prices | +5.4% |
Philippines compared with similar countries
- Philippines's 1.16 trillion international-$ in 2021 prices is above the median for upper middle income countries, which is 148.60 billion international-$ in 2021 prices, 7.8× the median. (51 countries reporting)
- Philippines's 1.16 trillion international-$ in 2021 prices is above the median for East Asia & Pacific, which is 596.79 billion international-$ in 2021 prices, 1.9× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 45.37 billion international-$ in 2021 prices | 32.68 billion international-$ in 2021 prices | 60.63 billion international-$ in 2021 prices | 10 |
| 1960s | 76.33 billion international-$ in 2021 prices | 60.69 billion international-$ in 2021 prices | 93.13 billion international-$ in 2021 prices | 10 |
| 1970s | 135.12 billion international-$ in 2021 prices | 99.00 billion international-$ in 2021 prices | 170.68 billion international-$ in 2021 prices | 10 |
| 1980s | 206.48 billion international-$ in 2021 prices | 182.21 billion international-$ in 2021 prices | 256.10 billion international-$ in 2021 prices | 10 |
| 1990s | 357.67 billion international-$ in 2021 prices | 280.43 billion international-$ in 2021 prices | 421.12 billion international-$ in 2021 prices | 10 |
| 2000s | 459.03 billion international-$ in 2021 prices | 407.11 billion international-$ in 2021 prices | 565.16 billion international-$ in 2021 prices | 10 |
| 2010s | 831.78 billion international-$ in 2021 prices | 632.19 billion international-$ in 2021 prices | 1.07 trillion international-$ in 2021 prices | 10 |
| 2020s | 1.06 trillion international-$ in 2021 prices | 958.32 billion international-$ in 2021 prices | 1.16 trillion international-$ in 2021 prices | 4 |
Countries ranked near Philippines
- 26 Vietnam 1.31 trillion international-$ in 2021 prices compare
- 27 Netherlands 1.26 trillion international-$ in 2021 prices compare
- 28 Argentina 1.24 trillion international-$ in 2021 prices compare
- 30 Nigeria 1.07 trillion international-$ in 2021 prices compare
- 31 Malaysia 1.07 trillion international-$ in 2021 prices compare
- 32 Colombia 915.37 billion international-$ in 2021 prices 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$), annual growth rate 4.46 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Philippines?
- Gross domestic product (gdp) in Philippines was 1.16 trillion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Philippines?
- The highest recorded value was 1.16 trillion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Philippines?
- The lowest recorded value was 32.68 billion international-$ in 2021 prices in 1950.
- How does Philippines rank for gross domestic product (gdp)?
- Philippines ranks 29th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Philippines?
- Over the last ten years it is up 53.4%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 74 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.