Gross National Income — Value Standard Local Currency, annual growth in Philippines
Philippines: Gross National Income — Value Standard Local Currency, annual growth was 15.72 % change on previous year in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency, annual growth in Philippines, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gross national income — value standard local currency, annual growth in Philippines stood at 15.72 % change on previous year.
The figure is down 1.9% on the previous year and up 62.7% over ten years.
Over the whole period, gross national income — value standard local currency, annual growth in Philippines peaked at 39.98 % change on previous year in 1984 and was at its lowest, -10.06 % change on previous year, in 2020.
Philippines ranks 42nd of 231 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 National Income — Value Standard Local Currency, annual growth in Philippines, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 21.47 % change on previous year | — |
| 1972 | 12.43 % change on previous year | -42.1% |
| 1973 | 28.29 % change on previous year | +127.5% |
| 1974 | 38.15 % change on previous year | +34.8% |
| 1975 | 14.66 % change on previous year | -61.6% |
| 1976 | 17.15 % change on previous year | +17.0% |
| 1977 | 14.53 % change on previous year | -15.3% |
| 1978 | 15.31 % change on previous year | +5.4% |
| 1979 | 22.18 % change on previous year | +44.9% |
| 1980 | 19.52 % change on previous year | -12.0% |
| 1981 | 15.32 % change on previous year | -21.5% |
| 1982 | 11.76 % change on previous year | -23.2% |
| 1983 | 15.86 % change on previous year | +34.8% |
| 1984 | 39.98 % change on previous year | +152.1% |
| 1985 | 8.45 % change on previous year | -78.9% |
| 1986 | 6.7 % change on previous year | -20.6% |
| 1987 | 13.1 % change on previous year | +95.4% |
| 1988 | 17.53 % change on previous year | +33.8% |
| 1989 | 15.78 % change on previous year | -10.0% |
| 1990 | 17.96 % change on previous year | +13.8% |
| 1991 | 17.04 % change on previous year | -5.1% |
| 1992 | 9.98 % change on previous year | -41.4% |
| 1993 | 9.8 % change on previous year | -1.9% |
| 1994 | 15.03 % change on previous year | +53.4% |
| 1995 | 12.8 % change on previous year | -14.9% |
| 1996 | 17.97 % change on previous year | +40.5% |
| 1997 | 11.93 % change on previous year | -33.7% |
| 1998 | 12.46 % change on previous year | +4.4% |
| 1999 | 9.3 % change on previous year | -25.4% |
| 2000 | 13.68 % change on previous year | +47.1% |
| 2001 | 9.46 % change on previous year | -30.8% |
| 2002 | 8.38 % change on previous year | -11.4% |
| 2003 | 7.87 % change on previous year | -6.1% |
| 2004 | 12.34 % change on previous year | +56.7% |
| 2005 | 11.56 % change on previous year | -6.3% |
| 2006 | 9.72 % change on previous year | -15.9% |
| 2007 | 9.23 % change on previous year | -5.0% |
| 2008 | 12.33 % change on previous year | +33.5% |
| 2009 | 7.45 % change on previous year | -39.6% |
| 2010 | 7.35 % change on previous year | -1.3% |
| 2011 | 7.51 % change on previous year | +2.2% |
| 2012 | 9.27 % change on previous year | +23.3% |
| 2013 | 9.66 % change on previous year | +4.3% |
| 2014 | 9.36 % change on previous year | -3.1% |
| 2015 | 5.49 % change on previous year | -41.3% |
| 2016 | 8.21 % change on previous year | +49.4% |
| 2017 | 9.34 % change on previous year | +13.8% |
| 2018 | 9.95 % change on previous year | +6.5% |
| 2019 | 6.23 % change on previous year | -37.4% |
| 2020 | -10.06 % change on previous year | -261.4% |
| 2021 | 4.09 % change on previous year | -140.6% |
| 2022 | 16.03 % change on previous year | +292.3% |
| 2023 | 15.72 % change on previous year | -1.9% |
Philippines compared with similar countries
- Philippines's 15.72 % change on previous year is above the median for upper middle income countries, which is 8.21 % change on previous year, 1.9× the median. (54 countries reporting)
- Philippines's 15.72 % change on previous year is above the median for East Asia & Pacific, which is 7.02 % change on previous year, 2.2× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross National Income — Value Standard Local Currency, annual growth 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 |
|---|---|---|---|
| 2022 | +292.3% | 4.09 % change on previous year | 16.03 % change on previous year |
| 2020 | -261.4% | 6.23 % change on previous year | -10.06 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 20.46 % change on previous year | 12.43 % change on previous year | 38.15 % change on previous year | 9 |
| 1980s | 16.4 % change on previous year | 6.7 % change on previous year | 39.98 % change on previous year | 10 |
| 1990s | 13.43 % change on previous year | 9.3 % change on previous year | 17.97 % change on previous year | 10 |
| 2000s | 10.2 % change on previous year | 7.45 % change on previous year | 13.68 % change on previous year | 10 |
| 2010s | 8.24 % change on previous year | 5.49 % change on previous year | 9.95 % change on previous year | 10 |
| 2020s | 6.44 % change on previous year | -10.06 % change on previous year | 16.03 % change on previous year | 4 |
Countries ranked near Philippines
- 39 Zimbabwe 16.23 % change on previous year compare
- 40 Kazakhstan 16.19 % change on previous year compare
- 41 San Marino 16.1 % change on previous year compare
- 43 Nigeria 15.67 % change on previous year compare
- 44 Romania 15.48 % change on previous year compare
- 45 Cayman Islands 15.21 % change on previous year compare
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 national income — value standard local currency, annual growth in Philippines?
- Gross national income — value standard local currency, annual growth in Philippines was 15.72 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross national income — value standard local currency, annual growth recorded in Philippines?
- The highest recorded value was 39.98 % change on previous year in 1984.
- What is the lowest gross national income — value standard local currency, annual growth recorded in Philippines?
- The lowest recorded value was -10.06 % change on previous year in 2020.
- How does Philippines rank for gross national income — value standard local currency, annual growth?
- Philippines ranks 42nd out of 231 countries with data for 2023.
- Is gross national income — value standard local currency, annual growth rising or falling in Philippines?
- Over the last ten years it is up 62.7%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Statizoid (derived), published as part of Gross National Income — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross National Income — Value Standard Local Currency Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.