Gross Domestic Product — Value US$ in Philippines
Philippines: Gross Domestic Product — Value US$ was 461,713 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Philippines, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$ in Philippines is 461,713 million USD, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 5.6% on the previous year and up 55.2% over ten years.
Over the whole period, gross domestic product — value us$ in Philippines peaked at 461,713 million USD in 2024 and was at its lowest, 7,559 million USD, in 1970.
That places Philippines 38th out of 236 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$ in Philippines, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 7,559 million USD | — |
| 1971 | 8,375 million USD | +10.8% |
| 1972 | 9,068 million USD | +8.3% |
| 1973 | 11,412 million USD | +25.9% |
| 1974 | 15,608 million USD | +36.8% |
| 1975 | 16,875 million USD | +8.1% |
| 1976 | 19,381 million USD | +14.8% |
| 1977 | 22,283 million USD | +15.0% |
| 1978 | 25,762 million USD | +15.6% |
| 1979 | 31,218 million USD | +21.2% |
| 1980 | 36,848 million USD | +18.0% |
| 1981 | 40,499 million USD | +9.9% |
| 1982 | 42,206 million USD | +4.2% |
| 1983 | 37,759 million USD | -10.5% |
| 1984 | 35,730 million USD | -5.4% |
| 1985 | 34,962 million USD | -2.2% |
| 1986 | 33,987 million USD | -2.8% |
| 1987 | 37,792 million USD | +11.2% |
| 1988 | 43,152 million USD | +14.2% |
| 1989 | 48,514 million USD | +12.4% |
| 1990 | 50,508 million USD | +4.1% |
| 1991 | 51,784 million USD | +2.5% |
| 1992 | 60,422 million USD | +16.7% |
| 1993 | 62,036 million USD | +2.7% |
| 1994 | 73,159 million USD | +17.9% |
| 1995 | 84,644 million USD | +15.7% |
| 1996 | 94,648 million USD | +11.8% |
| 1997 | 94,106 million USD | -0.6% |
| 1998 | 74,492 million USD | -20.8% |
| 1999 | 85,640 million USD | +15.0% |
| 2000 | 83,670 million USD | -2.3% |
| 2001 | 78,921 million USD | -5.7% |
| 2002 | 84,307 million USD | +6.8% |
| 2003 | 87,039 million USD | +3.2% |
| 2004 | 95,002 million USD | +9.1% |
| 2005 | 107,420 million USD | +13.1% |
| 2006 | 127,653 million USD | +18.8% |
| 2007 | 155,980 million USD | +22.2% |
| 2008 | 181,625 million USD | +16.4% |
| 2009 | 175,975 million USD | -3.1% |
| 2010 | 208,369 million USD | +18.4% |
| 2011 | 234,217 million USD | +12.4% |
| 2012 | 261,921 million USD | +11.8% |
| 2013 | 283,903 million USD | +8.4% |
| 2014 | 297,484 million USD | +4.8% |
| 2015 | 306,446 million USD | +3.0% |
| 2016 | 318,627 million USD | +4.0% |
| 2017 | 328,481 million USD | +3.1% |
| 2018 | 346,842 million USD | +5.6% |
| 2019 | 376,823 million USD | +8.6% |
| 2020 | 361,751 million USD | -4.0% |
| 2021 | 394,087 million USD | +8.9% |
| 2022 | 404,353 million USD | +2.6% |
| 2023 | 437,146 million USD | +8.1% |
| 2024 | 461,713 million USD | +5.6% |
Philippines compared with similar countries
- Philippines's 461,713 million USD is above the median for upper middle income countries, which is 44,912 million USD, 10.3× the median. (54 countries reporting)
- Philippines's 461,713 million USD is above the median for East Asia & Pacific, which is 15,030 million USD, 30.7× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16,754 million USD | 7,559 million USD | 31,218 million USD | 10 |
| 1980s | 39,145 million USD | 33,987 million USD | 48,514 million USD | 10 |
| 1990s | 73,144 million USD | 50,508 million USD | 94,648 million USD | 10 |
| 2000s | 117,759 million USD | 78,921 million USD | 181,625 million USD | 10 |
| 2010s | 296,311 million USD | 208,369 million USD | 376,823 million USD | 10 |
| 2020s | 411,810 million USD | 361,751 million USD | 461,713 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)
- 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 gross domestic product — value us$ in Philippines?
- Gross domestic product — value us$ in Philippines was 461,713 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Philippines?
- The highest recorded value was 461,713 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Philippines?
- The lowest recorded value was 7,559 million USD in 1970.
- How does Philippines rank for gross domestic product — value us$?
- Philippines ranks 38th out of 236 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Philippines?
- Over the last ten years it is up 55.2%. 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$. 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).