Gross Fixed Capital Formation — Value US$ in Philippines
Philippines: Gross Fixed Capital Formation — Value US$ was 108,789 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — 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 fixed capital formation — value us$ in Philippines is 108,789 million USD, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 5.3% on the previous year and up 75.2% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Philippines peaked at 108,789 million USD in 2024 and was at its lowest, 1,344 million USD, in 1970.
Philippines ranks 39th 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$ in Philippines, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 1,344 million USD | — |
| 1971 | 1,495 million USD | +11.2% |
| 1972 | 1,572 million USD | +5.2% |
| 1973 | 1,915 million USD | +21.8% |
| 1974 | 3,042 million USD | +58.9% |
| 1975 | 4,077 million USD | +34.0% |
| 1976 | 5,002 million USD | +22.7% |
| 1977 | 5,495 million USD | +9.9% |
| 1978 | 6,364 million USD | +15.8% |
| 1979 | 8,417 million USD | +32.2% |
| 1980 | 9,813 million USD | +16.6% |
| 1981 | 10,989 million USD | +12.0% |
| 1982 | 11,359 million USD | +3.4% |
| 1983 | 11,013 million USD | -3.0% |
| 1984 | 8,050 million USD | -26.9% |
| 1985 | 5,622 million USD | -30.2% |
| 1986 | 5,324 million USD | -5.3% |
| 1987 | 6,085 million USD | +14.3% |
| 1988 | 7,490 million USD | +23.1% |
| 1989 | 9,846 million USD | +31.5% |
| 1990 | 11,376 million USD | +15.5% |
| 1991 | 10,113 million USD | -11.1% |
| 1992 | 12,313 million USD | +21.8% |
| 1993 | 14,359 million USD | +16.6% |
| 1994 | 16,826 million USD | +17.2% |
| 1995 | 18,282 million USD | +8.7% |
| 1996 | 21,557 million USD | +17.9% |
| 1997 | 22,337 million USD | +3.6% |
| 1998 | 15,311 million USD | -31.5% |
| 1999 | 15,572 million USD | +1.7% |
| 2000 | 16,220 million USD | +4.2% |
| 2001 | 14,468 million USD | -10.8% |
| 2002 | 15,482 million USD | +7.0% |
| 2003 | 16,256 million USD | +5.0% |
| 2004 | 17,639 million USD | +8.5% |
| 2005 | 19,571 million USD | +10.9% |
| 2006 | 23,916 million USD | +22.2% |
| 2007 | 29,458 million USD | +23.2% |
| 2008 | 34,696 million USD | +17.8% |
| 2009 | 32,784 million USD | -5.5% |
| 2010 | 42,553 million USD | +29.8% |
| 2011 | 44,454 million USD | +4.5% |
| 2012 | 52,234 million USD | +17.5% |
| 2013 | 59,033 million USD | +13.0% |
| 2014 | 62,091 million USD | +5.2% |
| 2015 | 68,155 million USD | +9.8% |
| 2016 | 79,668 million USD | +16.9% |
| 2017 | 84,263 million USD | +5.8% |
| 2018 | 94,681 million USD | +12.4% |
| 2019 | 102,356 million USD | +8.1% |
| 2020 | 77,080 million USD | -24.7% |
| 2021 | 87,821 million USD | +13.9% |
| 2022 | 94,421 million USD | +7.5% |
| 2023 | 103,280 million USD | +9.4% |
| 2024 | 108,789 million USD | +5.3% |
Philippines compared with similar countries
- Philippines's 108,789 million USD is above the median for upper middle income countries, which is 8,136 million USD, 13.4× the median. (54 countries reporting)
- Philippines's 108,789 million USD is above the median for East Asia & Pacific, which is 3,348 million USD, 32.5× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3,872 million USD | 1,344 million USD | 8,417 million USD | 10 |
| 1980s | 8,559 million USD | 5,324 million USD | 11,359 million USD | 10 |
| 1990s | 15,805 million USD | 10,113 million USD | 22,337 million USD | 10 |
| 2000s | 22,049 million USD | 14,468 million USD | 34,696 million USD | 10 |
| 2010s | 68,949 million USD | 42,553 million USD | 102,356 million USD | 10 |
| 2020s | 94,278 million USD | 77,080 million USD | 108,789 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$), annual growth rate 4.46 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$ in Philippines?
- Gross fixed capital formation — value us$ in Philippines was 108,789 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$ recorded in Philippines?
- The highest recorded value was 108,789 million USD in 2024.
- What is the lowest gross fixed capital formation — value us$ recorded in Philippines?
- The lowest recorded value was 1,344 million USD in 1970.
- How does Philippines rank for gross fixed capital formation — value us$?
- Philippines ranks 39th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Philippines?
- Over the last ten years it is up 75.2%. 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 Fixed Capital Formation — Value US$. 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).