Gross domestic savings (% of GDP) in Philippines
Philippines: Gross domestic savings (% of GDP) was 8.4% in 2025. ▼ Falling
Gross domestic savings in Philippines, 1981–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross domestic savings in Philippines is 8.4%, measured in 2025. That is the lowest value across all 45 years on record.
Compared with earlier readings it is down 9.0% on the previous year and down 49.2% over ten years.
Over the whole period, gross domestic savings in Philippines peaked at 31.6% in 1983 and was at its lowest, 8.4%, in 2025.
Philippines ranks 143rd of 188 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 45 years of available data.
Gross domestic savings (% of GDP) in Philippines, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1981 | 30.5% | — |
| 1982 | 29.4% | -3.7% |
| 1983 | 31.6% | +7.6% |
| 1984 | 26.8% | -15.3% |
| 1985 | 20.9% | -22.1% |
| 1986 | 21.1% | +0.9% |
| 1987 | 23.5% | +11.6% |
| 1988 | 23.6% | +0.5% |
| 1989 | 23.5% | -0.5% |
| 1990 | 22.5% | -4.4% |
| 1991 | 19.8% | -12.0% |
| 1992 | 18.4% | -7.1% |
| 1993 | 17.7% | -3.6% |
| 1994 | 18.6% | +4.9% |
| 1995 | 18.1% | -2.5% |
| 1996 | 18.3% | +1.0% |
| 1997 | 17.8% | -2.9% |
| 1998 | 15.1% | -15.3% |
| 1999 | 15.8% | +5.1% |
| 2000 | 17.2% | +8.7% |
| 2001 | 16.4% | -5.0% |
| 2002 | 16.6% | +1.7% |
| 2003 | 16.6% | -0.4% |
| 2004 | 17.3% | +4.2% |
| 2005 | 17.2% | -0.5% |
| 2006 | 17.7% | +2.8% |
| 2007 | 18.5% | +4.8% |
| 2008 | 18.0% | -2.8% |
| 2009 | 17.0% | -5.6% |
| 2010 | 20.1% | +18.3% |
| 2011 | 18.2% | -9.6% |
| 2012 | 16.7% | -8.3% |
| 2013 | 17.2% | +3.1% |
| 2014 | 18.2% | +5.8% |
| 2015 | 16.6% | -8.5% |
| 2016 | 16.2% | -2.6% |
| 2017 | 16.5% | +1.9% |
| 2018 | 15.4% | -6.6% |
| 2019 | 14.3% | -7.1% |
| 2020 | 9.7% | -32.5% |
| 2021 | 9.2% | -5.3% |
| 2022 | 9.0% | -1.4% |
| 2023 | 9.3% | +2.5% |
| 2024 | 9.3% | +0.3% |
| 2025 | 8.4% | -9.0% |
Philippines compared with similar countries
- Philippines's 8.4% is below the median for upper middle income countries, which is 18.9%, 45% of the median. (52 countries reporting)
- Philippines's 8.4% is below the median for East Asia & Pacific, which is 22.0%, 38% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 25.7% | 20.9% | 31.6% | 9 |
| 1990s | 18.2% | 15.1% | 22.5% | 10 |
| 2000s | 17.2% | 16.4% | 18.5% | 10 |
| 2010s | 16.9% | 14.3% | 20.1% | 10 |
| 2020s | 9.1% | 8.4% | 9.7% | 6 |
Countries ranked near Philippines
- 140 New Caledonia 10.0% compare
- 141 Mozambique 9.9% compare
- 142 Samoa 8.7% compare
- 144 Pakistan 7.1% compare
- 145 Nepal 6.9% compare
- 146 Cape Verde 6.0% compare
More economy & growth data for Philippines
- Real gdp growth, annual growth rate -22.65 % change on previous year (2025)
- 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)
Frequently asked questions
- What is gross domestic savings in Philippines?
- Gross domestic savings in Philippines was 8.4% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Philippines?
- The highest recorded value was 31.6% in 1983.
- What is the lowest gross domestic savings recorded in Philippines?
- The lowest recorded value was 8.4% in 2025.
- How does Philippines rank for gross domestic savings?
- Philippines ranks 143rd out of 188 countries with data for 2025.
- Is gross domestic savings rising or falling in Philippines?
- Over the last ten years it is down 49.2%. The long-run trend across the full record is falling.
- 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 domestic savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.