Gross capital formation in Philippines
Philippines: Gross capital formation was 101.95 billion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
101.95 billion constant 2015 US$
Change on year
down 1.7%
World rank
32nd
of 163 countries
All-time high
103.70 billion constant 2015 US$
in 2024
All-time low
4.93 billion constant 2015 US$
in 1960
Years of data
66
1960–2025
Gross capital formation in Philippines, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2025, gross capital formation in Philippines stood at 101.95 billion constant 2015 US$.
The figure is down 1.7% on the previous year and up 55.9% over ten years.
Over the whole period, gross capital formation in Philippines peaked at 103.70 billion constant 2015 US$ in 2024 and was at its lowest, 4.93 billion constant 2015 US$, in 1960.
Philippines ranks 32nd of 163 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Philippines, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1960 | 4.93 billion constant 2015 US$ | — |
| 1961 | 5.72 billion constant 2015 US$ | +16.1% |
| 1962 | 5.69 billion constant 2015 US$ | -0.6% |
| 1963 | 6.70 billion constant 2015 US$ | +17.9% |
| 1964 | 7.41 billion constant 2015 US$ | +10.5% |
| 1965 | 7.87 billion constant 2015 US$ | +6.2% |
| 1966 | 7.87 billion constant 2015 US$ | +0.1% |
| 1967 | 8.70 billion constant 2015 US$ | +10.5% |
| 1968 | 8.76 billion constant 2015 US$ | +0.7% |
| 1969 | 9.15 billion constant 2015 US$ | +4.5% |
| 1970 | 8.79 billion constant 2015 US$ | -3.9% |
| 1971 | 9.30 billion constant 2015 US$ | +5.7% |
| 1972 | 9.64 billion constant 2015 US$ | +3.6% |
| 1973 | 10.78 billion constant 2015 US$ | +11.8% |
| 1974 | 13.02 billion constant 2015 US$ | +20.8% |
| 1975 | 16.16 billion constant 2015 US$ | +24.1% |
| 1976 | 19.21 billion constant 2015 US$ | +18.9% |
| 1977 | 19.39 billion constant 2015 US$ | +1.0% |
| 1978 | 20.96 billion constant 2015 US$ | +8.1% |
| 1979 | 21.88 billion constant 2015 US$ | +4.4% |
| 1980 | 21.07 billion constant 2015 US$ | -3.7% |
| 1981 | 21.66 billion constant 2015 US$ | +2.8% |
| 1982 | 23.50 billion constant 2015 US$ | +8.5% |
| 1983 | 25.08 billion constant 2015 US$ | +6.7% |
| 1984 | 15.96 billion constant 2015 US$ | -36.4% |
| 1985 | 10.94 billion constant 2015 US$ | -31.4% |
| 1986 | 12.02 billion constant 2015 US$ | +9.8% |
| 1987 | 14.30 billion constant 2015 US$ | +19.0% |
| 1988 | 16.31 billion constant 2015 US$ | +14.0% |
| 1989 | 19.56 billion constant 2015 US$ | +19.9% |
| 1990 | 22.62 billion constant 2015 US$ | +15.7% |
| 1991 | 18.75 billion constant 2015 US$ | -17.1% |
| 1992 | 20.22 billion constant 2015 US$ | +7.8% |
| 1993 | 21.70 billion constant 2015 US$ | +7.3% |
| 1994 | 23.39 billion constant 2015 US$ | +7.8% |
| 1995 | 24.02 billion constant 2015 US$ | +2.7% |
| 1996 | 26.81 billion constant 2015 US$ | +11.6% |
| 1997 | 29.75 billion constant 2015 US$ | +11.0% |
| 1998 | 25.35 billion constant 2015 US$ | -14.8% |
| 1999 | 22.04 billion constant 2015 US$ | -13.1% |
| 2000 | 22.28 billion constant 2015 US$ | +1.1% |
| 2001 | 26.85 billion constant 2015 US$ | +20.5% |
| 2002 | 28.65 billion constant 2015 US$ | +6.7% |
| 2003 | 28.53 billion constant 2015 US$ | -0.4% |
| 2004 | 30.29 billion constant 2015 US$ | +6.1% |
| 2005 | 28.97 billion constant 2015 US$ | -4.3% |
| 2006 | 25.98 billion constant 2015 US$ | -10.3% |
| 2007 | 28.15 billion constant 2015 US$ | +8.3% |
| 2008 | 35.68 billion constant 2015 US$ | +26.8% |
| 2009 | 33.54 billion constant 2015 US$ | -6.0% |
| 2010 | 43.76 billion constant 2015 US$ | +30.5% |
| 2011 | 42.65 billion constant 2015 US$ | -2.5% |
| 2012 | 44.97 billion constant 2015 US$ | +5.4% |
| 2013 | 53.26 billion constant 2015 US$ | +18.4% |
| 2014 | 57.67 billion constant 2015 US$ | +8.3% |
| 2015 | 65.40 billion constant 2015 US$ | +13.4% |
| 2016 | 78.99 billion constant 2015 US$ | +20.8% |
| 2017 | 87.60 billion constant 2015 US$ | +10.9% |
| 2018 | 97.49 billion constant 2015 US$ | +11.3% |
| 2019 | 100.89 billion constant 2015 US$ | +3.5% |
| 2020 | 66.36 billion constant 2015 US$ | -34.2% |
| 2021 | 79.65 billion constant 2015 US$ | +20.0% |
| 2022 | 90.56 billion constant 2015 US$ | +13.7% |
| 2023 | 96.26 billion constant 2015 US$ | +6.3% |
| 2024 | 103.70 billion constant 2015 US$ | +7.7% |
| 2025 | 101.95 billion constant 2015 US$ | -1.7% |
Philippines compared with similar countries
- Philippines's 101.95 billion constant 2015 US$ is above the median for upper middle income countries, which is 14.20 billion constant 2015 US$, 7.2× the median. (45 countries reporting)
- Philippines's 101.95 billion constant 2015 US$ is above the median for East Asia & Pacific, which is 6.48 billion constant 2015 US$, 15.7× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.28 billion constant 2015 US$ | 4.93 billion constant 2015 US$ | 9.15 billion constant 2015 US$ | 10 |
| 1970s | 14.91 billion constant 2015 US$ | 8.79 billion constant 2015 US$ | 21.88 billion constant 2015 US$ | 10 |
| 1980s | 18.04 billion constant 2015 US$ | 10.94 billion constant 2015 US$ | 25.08 billion constant 2015 US$ | 10 |
| 1990s | 23.47 billion constant 2015 US$ | 18.75 billion constant 2015 US$ | 29.75 billion constant 2015 US$ | 10 |
| 2000s | 28.89 billion constant 2015 US$ | 22.28 billion constant 2015 US$ | 35.68 billion constant 2015 US$ | 10 |
| 2010s | 67.27 billion constant 2015 US$ | 42.65 billion constant 2015 US$ | 100.89 billion constant 2015 US$ | 10 |
| 2020s | 89.75 billion constant 2015 US$ | 66.36 billion constant 2015 US$ | 103.70 billion constant 2015 US$ | 6 |
Countries ranked near Philippines
- 29 Israel 103.93 billion constant 2015 US$ compare
- 30 Norway 103.74 billion constant 2015 US$ compare
- 31 Bangladesh 102.98 billion constant 2015 US$ compare
- 33 Malaysia 101.08 billion constant 2015 US$ compare
- 34 Austria 96.05 billion constant 2015 US$ compare
- 35 Denmark 79.73 billion constant 2015 US$ 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$), annual growth rate 4.46 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in Philippines?
- Gross capital formation in Philippines was 101.95 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Philippines?
- The highest recorded value was 103.70 billion constant 2015 US$ in 2024.
- What is the lowest gross capital formation recorded in Philippines?
- The lowest recorded value was 4.93 billion constant 2015 US$ in 1960.
- How does Philippines rank for gross capital formation?
- Philippines ranks 32nd out of 163 countries with data for 2025.
- Is gross capital formation rising or falling in Philippines?
- Over the last ten years it is up 55.9%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.