Gross Domestic Product — Value Standard Local Currency, 2015 prices in Philippines
Philippines: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 20.70 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Philippines, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Philippines recorded 20.70 million million SLC for gross domestic product — value standard local currency, 2015 prices in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 5.7% on the previous year and up 57.8% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Philippines peaked at 20.70 million million SLC in 2024 and was at its lowest, 2.31 million million SLC, in 1970.
That places Philippines 29th out of 194 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Philippines, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 2.31 million million SLC | — |
| 1971 | 2.43 million million SLC | +5.4% |
| 1972 | 2.57 million million SLC | +5.4% |
| 1973 | 2.79 million million SLC | +8.8% |
| 1974 | 2.89 million million SLC | +3.4% |
| 1975 | 3.04 million million SLC | +5.5% |
| 1976 | 3.31 million million SLC | +8.8% |
| 1977 | 3.49 million million SLC | +5.6% |
| 1978 | 3.68 million million SLC | +5.2% |
| 1979 | 3.88 million million SLC | +5.6% |
| 1980 | 4.08 million million SLC | +5.2% |
| 1981 | 4.22 million million SLC | +3.4% |
| 1982 | 4.38 million million SLC | +3.7% |
| 1983 | 4.46 million million SLC | +1.9% |
| 1984 | 4.15 million million SLC | -7.0% |
| 1985 | 3.86 million million SLC | -6.9% |
| 1986 | 4.00 million million SLC | +3.5% |
| 1987 | 4.17 million million SLC | +4.4% |
| 1988 | 4.45 million million SLC | +6.7% |
| 1989 | 4.73 million million SLC | +6.2% |
| 1990 | 4.87 million million SLC | +3.1% |
| 1991 | 4.85 million million SLC | -0.4% |
| 1992 | 4.87 million million SLC | +0.4% |
| 1993 | 4.98 million million SLC | +2.2% |
| 1994 | 5.20 million million SLC | +4.4% |
| 1995 | 5.44 million million SLC | +4.6% |
| 1996 | 5.76 million million SLC | +5.9% |
| 1997 | 6.05 million million SLC | +5.2% |
| 1998 | 6.02 million million SLC | -0.5% |
| 1999 | 6.22 million million SLC | +3.3% |
| 2000 | 6.50 million million SLC | +4.4% |
| 2001 | 6.70 million million SLC | +3.0% |
| 2002 | 6.94 million million SLC | +3.7% |
| 2003 | 7.30 million million SLC | +5.1% |
| 2004 | 7.78 million million SLC | +6.6% |
| 2005 | 8.16 million million SLC | +4.9% |
| 2006 | 8.60 million million SLC | +5.3% |
| 2007 | 9.16 million million SLC | +6.5% |
| 2008 | 9.55 million million SLC | +4.3% |
| 2009 | 9.69 million million SLC | +1.4% |
| 2010 | 10.40 million million SLC | +7.3% |
| 2011 | 10.80 million million SLC | +3.9% |
| 2012 | 11.55 million million SLC | +6.9% |
| 2013 | 12.33 million million SLC | +6.8% |
| 2014 | 13.11 million million SLC | +6.3% |
| 2015 | 13.94 million million SLC | +6.3% |
| 2016 | 14.94 million million SLC | +7.1% |
| 2017 | 15.98 million million SLC | +6.9% |
| 2018 | 16.99 million million SLC | +6.3% |
| 2019 | 18.03 million million SLC | +6.1% |
| 2020 | 16.31 million million SLC | -9.5% |
| 2021 | 17.25 million million SLC | +5.7% |
| 2022 | 18.55 million million SLC | +7.6% |
| 2023 | 19.58 million million SLC | +5.5% |
| 2024 | 20.70 million million SLC | +5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.04 million million SLC | 2.31 million million SLC | 3.88 million million SLC | 10 |
| 1980s | 4.25 million million SLC | 3.86 million million SLC | 4.73 million million SLC | 10 |
| 1990s | 5.43 million million SLC | 4.85 million million SLC | 6.22 million million SLC | 10 |
| 2000s | 8.04 million million SLC | 6.50 million million SLC | 9.69 million million SLC | 10 |
| 2010s | 13.81 million million SLC | 10.40 million million SLC | 18.03 million million SLC | 10 |
| 2020s | 18.48 million million SLC | 16.31 million million SLC | 20.70 million million 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)
- Manufacturing, value added (current US$), per unit of GDP 0.1533 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 639.39 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 8.82 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 36,768 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.1753 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 731.3 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 34,420 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 2.86 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Philippines?
- Gross domestic product — value standard local currency, 2015 prices in Philippines was 20.70 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Philippines?
- The highest recorded value was 20.70 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Philippines?
- The lowest recorded value was 2.31 million million SLC in 1970.
- How does Philippines rank for gross domestic product — value standard local currency, 2015 prices?
- Philippines ranks 29th out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Philippines?
- Over the last ten years it is up 57.8%. 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 Gross Domestic Product — 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 Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).