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 48th out of 230 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 Fixed Capital Formation — Value Standard Local Currency in Philippines, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 7,936 million SLC | — |
| 1971 | 9,613 million SLC | +21.1% |
| 1972 | 10,493 million SLC | +9.2% |
| 1973 | 12,936 million SLC | +23.3% |
| 1974 | 20,647 million SLC | +59.6% |
| 1975 | 29,547 million SLC | +43.1% |
| 1976 | 37,213 million SLC | +25.9% |
| 1977 | 40,679 million SLC | +9.3% |
| 1978 | 46,877 million SLC | +15.2% |
| 1979 | 62,093 million SLC | +32.5% |
| 1980 | 73,706 million SLC | +18.7% |
| 1981 | 86,811 million SLC | +17.8% |
| 1982 | 97,007 million SLC | +11.7% |
| 1983 | 122,383 million SLC | +26.2% |
| 1984 | 134,419 million SLC | +9.8% |
| 1985 | 104,609 million SLC | -22.2% |
| 1986 | 108,543 million SLC | +3.8% |
| 1987 | 125,154 million SLC | +15.3% |
| 1988 | 157,995 million SLC | +26.2% |
| 1989 | 214,026 million SLC | +35.5% |
| 1990 | 276,556 million SLC | +29.2% |
| 1991 | 277,881 million SLC | +0.5% |
| 1992 | 314,136 million SLC | +13.0% |
| 1993 | 389,408 million SLC | +24.0% |
| 1994 | 444,503 million SLC | +14.1% |
| 1995 | 470,118 million SLC | +5.8% |
| 1996 | 565,150 million SLC | +20.2% |
| 1997 | 658,275 million SLC | +16.5% |
| 1998 | 626,127 million SLC | -4.9% |
| 1999 | 608,703 million SLC | -2.8% |
| 2000 | 716,784 million SLC | +17.8% |
| 2001 | 737,779 million SLC | +2.9% |
| 2002 | 798,953 million SLC | +8.3% |
| 2003 | 881,128 million SLC | +10.3% |
| 2004 | 988,504 million SLC | +12.2% |
| 2005 | 1.08 million million SLC | +9.1% |
| 2006 | 1.23 million million SLC | +13.8% |
| 2007 | 1.36 million million SLC | +10.8% |
| 2008 | 1.54 million million SLC | +13.1% |
| 2009 | 1.56 million million SLC | +1.6% |
| 2010 | 1.92 million million SLC | +22.8% |
| 2011 | 1.93 million million SLC | +0.3% |
| 2012 | 2.21 million million SLC | +14.6% |
| 2013 | 2.51 million million SLC | +13.6% |
| 2014 | 2.76 million million SLC | +10.0% |
| 2015 | 3.10 million million SLC | +12.5% |
| 2016 | 3.78 million million SLC | +22.0% |
| 2017 | 4.25 million million SLC | +12.3% |
| 2018 | 4.99 million million SLC | +17.4% |
| 2019 | 5.30 million million SLC | +6.3% |
| 2020 | 3.83 million million SLC | -27.9% |
| 2021 | 4.33 million million SLC | +13.1% |
| 2022 | 5.14 million million SLC | +18.9% |
| 2023 | 5.75 million million SLC | +11.7% |
| 2024 | 6.23 million million SLC | +8.5% |
Philippines compared with similar countries
- Philippines's 6.23 million million SLC is above the median for upper middle income countries, which is 199,742 million SLC, 31.2× the median. (54 countries reporting)
- Philippines's 6.23 million million SLC is above the median for East Asia & Pacific, which is 123,364 million SLC, 50.5× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value Standard Local Currency in Philippines changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1974 | +59.6% | 12,936 million SLC | 20,647 million SLC |
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
- 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 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 48th out of 230 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).