Gross Fixed Capital Formation — Value US$, 2015 prices in Philippines
Philippines: Gross Fixed Capital Formation — Value US$, 2015 prices was 107,661 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, 2015 prices in Philippines, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross fixed capital formation — value us$, 2015 prices in Philippines is 107,661 million USD, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 6.3% on the previous year and up 79.7% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Philippines peaked at 107,661 million USD in 2024 and was at its lowest, 6,633 million USD, in 1970.
Philippines ranks 34th of 235 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, 2015 prices in Philippines, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 6,633 million USD | — |
| 1971 | 7,217 million USD | +8.8% |
| 1972 | 7,375 million USD | +2.2% |
| 1973 | 7,673 million USD | +4.0% |
| 1974 | 8,936 million USD | +16.5% |
| 1975 | 11,678 million USD | +30.7% |
| 1976 | 13,759 million USD | +17.8% |
| 1977 | 14,140 million USD | +2.8% |
| 1978 | 15,203 million USD | +7.5% |
| 1979 | 16,953 million USD | +11.5% |
| 1980 | 18,498 million USD | +9.1% |
| 1981 | 20,742 million USD | +12.1% |
| 1982 | 21,801 million USD | +5.1% |
| 1983 | 23,643 million USD | +8.4% |
| 1984 | 16,871 million USD | -28.6% |
| 1985 | 11,557 million USD | -31.5% |
| 1986 | 11,670 million USD | +1.0% |
| 1987 | 12,473 million USD | +6.9% |
| 1988 | 14,513 million USD | +16.4% |
| 1989 | 17,649 million USD | +21.6% |
| 1990 | 20,295 million USD | +15.0% |
| 1991 | 17,416 million USD | -14.2% |
| 1992 | 18,529 million USD | +6.4% |
| 1993 | 20,143 million USD | +8.7% |
| 1994 | 21,648 million USD | +7.5% |
| 1995 | 22,664 million USD | +4.7% |
| 1996 | 25,388 million USD | +12.0% |
| 1997 | 28,300 million USD | +11.5% |
| 1998 | 25,139 million USD | -11.2% |
| 1999 | 23,656 million USD | -5.9% |
| 2000 | 26,415 million USD | +11.7% |
| 2001 | 25,227 million USD | -4.5% |
| 2002 | 26,208 million USD | +3.9% |
| 2003 | 28,778 million USD | +9.8% |
| 2004 | 29,960 million USD | +4.1% |
| 2005 | 29,707 million USD | -0.8% |
| 2006 | 31,139 million USD | +4.8% |
| 2007 | 34,556 million USD | +11.0% |
| 2008 | 37,490 million USD | +8.5% |
| 2009 | 38,259 million USD | +2.1% |
| 2010 | 45,892 million USD | +19.9% |
| 2011 | 43,969 million USD | -4.2% |
| 2012 | 49,604 million USD | +12.8% |
| 2013 | 55,475 million USD | +11.8% |
| 2014 | 59,906 million USD | +8.0% |
| 2015 | 68,155 million USD | +13.8% |
| 2016 | 82,379 million USD | +20.9% |
| 2017 | 91,082 million USD | +10.6% |
| 2018 | 102,897 million USD | +13.0% |
| 2019 | 106,836 million USD | +3.8% |
| 2020 | 77,646 million USD | -27.3% |
| 2021 | 85,290 million USD | +9.8% |
| 2022 | 93,608 million USD | +9.8% |
| 2023 | 101,264 million USD | +8.2% |
| 2024 | 107,661 million USD | +6.3% |
Philippines compared with similar countries
- Philippines's 107,661 million USD is above the median for upper middle income countries, which is 7,886 million USD, 13.7× the median. (54 countries reporting)
- Philippines's 107,661 million USD is above the median for East Asia & Pacific, which is 3,296 million USD, 32.7× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value US$, 2015 prices in Philippines changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1985 | -31.5% | 16,871 million USD | 11,557 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10,957 million USD | 6,633 million USD | 16,953 million USD | 10 |
| 1980s | 16,942 million USD | 11,557 million USD | 23,643 million USD | 10 |
| 1990s | 22,318 million USD | 17,416 million USD | 28,300 million USD | 10 |
| 2000s | 30,774 million USD | 25,227 million USD | 38,259 million USD | 10 |
| 2010s | 70,620 million USD | 43,969 million USD | 106,836 million USD | 10 |
| 2020s | 93,094 million USD | 77,646 million USD | 107,661 million USD | 5 |
Countries ranked near Philippines
More economy & growth data for Philippines
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.98 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.60 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0033 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 13.72 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 7.79 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -17.1 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.016 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 66.71 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.46 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Philippines?
- Gross fixed capital formation — value us$, 2015 prices in Philippines was 107,661 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Philippines?
- The highest recorded value was 107,661 million USD in 2024.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Philippines?
- The lowest recorded value was 6,633 million USD in 1970.
- How does Philippines rank for gross fixed capital formation — value us$, 2015 prices?
- Philippines ranks 34th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Philippines?
- Over the last ten years it is up 79.7%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value US$, 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).