Gross Fixed Capital Formation — Value Standard Local Currency in Philippines
Philippines: Gross Fixed Capital Formation — Value Standard Local Currency was 6.23 million million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Philippines, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross fixed capital formation — value standard local currency in Philippines is 6.23 million million SLC, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 8.5% on the previous year and up 126.1% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Philippines peaked at 6.23 million million SLC in 2024 and was at its lowest, 7,936 million SLC, in 1970.
That places Philippines 33rd out of 199 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 27,803 million SLC | 7,936 million SLC | 62,093 million SLC | 10 |
| 1980s | 122,465 million SLC | 73,706 million SLC | 214,026 million SLC | 10 |
| 1990s | 463,086 million SLC | 276,556 million SLC | 658,275 million SLC | 10 |
| 2000s | 1.09 million million SLC | 716,784 million SLC | 1.56 million million SLC | 10 |
| 2010s | 3.27 million million SLC | 1.92 million million SLC | 5.30 million million SLC | 10 |
| 2020s | 5.05 million million SLC | 3.83 million million SLC | 6.23 million million SLC | 5 |
Countries ranked near Philippines
More economy & growth data for Philippines
- External balance on goods and services as a percent of gdp -13.69 (2025)
- Inflation of consumer prices 1.66 (2025)
- Gdp per capita worldbank constant usd 4,066 (2025)
- Manufacturing value added to gdp 15.33 (2025)
- Gdp worldbank constant usd 474.84 billion (2025)
- Gdp per capita in international and market dollars 4,066 (2025)
- DEC alternative conversion factor 57.51 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.79 trillion current LCU (2024)
- Net secondary income (Net current transfers from abroad) 31.17 billion current US$ (2024)
- Net primary income (Net income from abroad) 4.19 trillion current LCU (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Philippines?
- Gross fixed capital formation — value standard local currency in Philippines was 6.23 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Philippines?
- The highest recorded value was 6.23 million million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Philippines?
- The lowest recorded value was 7,936 million SLC in 1970.
- How does Philippines rank for gross fixed capital formation — value standard local currency?
- Philippines ranks 33rd out of 199 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Philippines?
- Over the last ten years it is up 126.1%. 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 Fixed Capital Formation — Value Standard Local Currency. 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).