Gross Fixed Capital Formation — Value US$ in Philippines

Philippines: Gross Fixed Capital Formation — Value US$ was 108,789 million USD in 2024. ◆ Volatile

Latest (2024)
108,789 million USD
Change on year
up 5.3%
World rank
39th
of 235 countries
All-time high
108,789 million USD
in 2024
All-time low
1,344 million USD
in 1970
Years of data
55
1970–2024

Gross Fixed Capital Formation — Value US$ in Philippines, 1970–2024

025.0k50.0k75.0k100.0k197019972024

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

Annual values for Gross Fixed Capital Formation — Value US$ in Philippines, 1970 to 2024.
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

DecadeAverage LowestHighest 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

  1. 36 Thailand 117,076 million USD compare
  2. 37 Norway 114,611 million USD compare
  3. 38 United Arab Emirates 111,374 million USD compare
  4. 40 Argentina 100,289 million USD compare
  5. 41 Ireland 98,890 million USD compare
  6. 42 Romania 98,348 million USD compare

See the full ranking of 265 places →

More economy & growth data for Philippines

All data for Philippines →

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.

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Gross Fixed Capital Formation — Value US$ in Philippines. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 27 September 2026, from https://economy.statizoid.com/stat/gross-fixed-capital-formation-value-us/philippines/

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About this data

Indicator
Gross Fixed Capital Formation — Value US$
Unit
million USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
265 places, 13,517 data points, 1970–2024
Last refreshed

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).