Gross Domestic Product — Value US$, 2015 prices in Philippines
Philippines: Gross Domestic Product — Value US$, 2015 prices was 454,838 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$, 2015 prices in Philippines, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross domestic product — value us$, 2015 prices in Philippines stood at 454,838 million USD. 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 us$, 2015 prices in Philippines peaked at 454,838 million USD in 2024 and was at its lowest, 50,739 million USD, in 1970.
That places Philippines 30th out of 203 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, 2015 prices in Philippines, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 50,739 million USD | — |
| 1971 | 53,474 million USD | +5.4% |
| 1972 | 56,377 million USD | +5.4% |
| 1973 | 61,328 million USD | +8.8% |
| 1974 | 63,410 million USD | +3.4% |
| 1975 | 66,867 million USD | +5.5% |
| 1976 | 72,737 million USD | +8.8% |
| 1977 | 76,783 million USD | +5.6% |
| 1978 | 80,770 million USD | +5.2% |
| 1979 | 85,289 million USD | +5.6% |
| 1980 | 89,725 million USD | +5.2% |
| 1981 | 92,796 million USD | +3.4% |
| 1982 | 96,228 million USD | +3.7% |
| 1983 | 98,053 million USD | +1.9% |
| 1984 | 91,151 million USD | -7.0% |
| 1985 | 84,899 million USD | -6.9% |
| 1986 | 87,880 million USD | +3.5% |
| 1987 | 91,713 million USD | +4.4% |
| 1988 | 97,855 million USD | +6.7% |
| 1989 | 103,906 million USD | +6.2% |
| 1990 | 107,109 million USD | +3.1% |
| 1991 | 106,642 million USD | -0.4% |
| 1992 | 107,087 million USD | +0.4% |
| 1993 | 109,424 million USD | +2.2% |
| 1994 | 114,209 million USD | +4.4% |
| 1995 | 119,492 million USD | +4.6% |
| 1996 | 126,494 million USD | +5.9% |
| 1997 | 133,055 million USD | +5.2% |
| 1998 | 132,371 million USD | -0.5% |
| 1999 | 136,801 million USD | +3.3% |
| 2000 | 142,796 million USD | +4.4% |
| 2001 | 147,150 million USD | +3.0% |
| 2002 | 152,619 million USD | +3.7% |
| 2003 | 160,382 million USD | +5.1% |
| 2004 | 170,918 million USD | +6.6% |
| 2005 | 179,366 million USD | +4.9% |
| 2006 | 188,902 million USD | +5.3% |
| 2007 | 201,217 million USD | +6.5% |
| 2008 | 209,958 million USD | +4.3% |
| 2009 | 212,999 million USD | +1.4% |
| 2010 | 228,622 million USD | +7.3% |
| 2011 | 237,443 million USD | +3.9% |
| 2012 | 253,819 million USD | +6.9% |
| 2013 | 270,953 million USD | +6.8% |
| 2014 | 288,153 million USD | +6.3% |
| 2015 | 306,446 million USD | +6.3% |
| 2016 | 328,355 million USD | +7.1% |
| 2017 | 351,113 million USD | +6.9% |
| 2018 | 373,379 million USD | +6.3% |
| 2019 | 396,224 million USD | +6.1% |
| 2020 | 358,511 million USD | -9.5% |
| 2021 | 378,999 million USD | +5.7% |
| 2022 | 407,730 million USD | +7.6% |
| 2023 | 430,342 million USD | +5.5% |
| 2024 | 454,838 million USD | +5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 66,777 million USD | 50,739 million USD | 85,289 million USD | 10 |
| 1980s | 93,420 million USD | 84,899 million USD | 103,906 million USD | 10 |
| 1990s | 119,268 million USD | 106,642 million USD | 136,801 million USD | 10 |
| 2000s | 176,631 million USD | 142,796 million USD | 212,999 million USD | 10 |
| 2010s | 303,451 million USD | 228,622 million USD | 396,224 million USD | 10 |
| 2020s | 406,084 million USD | 358,511 million USD | 454,838 million USD | 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)
- GNI, Atlas method (current US$), annual growth rate 9.42 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.16 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 4,853 current US$ per person (2025)
- GNI (current US$), annual growth rate 7.35 % change on previous year (2025)
- GNI (current US$), per unit of GDP 1.15 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 4,794 current US$ per person (2025)
- GNI (current LCU), annual growth rate 7.75 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 66.11 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Philippines?
- Gross domestic product — value us$, 2015 prices in Philippines was 454,838 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Philippines?
- The highest recorded value was 454,838 million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Philippines?
- The lowest recorded value was 50,739 million USD in 1970.
- How does Philippines rank for gross domestic product — value us$, 2015 prices?
- Philippines ranks 30th out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 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 US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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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).