Gross National Income — Value Standard Local Currency in Philippines
Philippines: Gross National Income — Value Standard Local Currency was 26.99 million million SLC in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency in Philippines, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, gross national income — value standard local currency in Philippines stood at 26.99 million million SLC. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 15.7% on the previous year and up 100.4% over ten years.
Over the whole period, gross national income — value standard local currency in Philippines peaked at 26.99 million million SLC in 2023 and was at its lowest, 45,066 million SLC, in 1970.
Philippines ranks 32nd of 202 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 in Philippines, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 45,066 million SLC | — |
| 1971 | 54,741 million SLC | +21.5% |
| 1972 | 61,548 million SLC | +12.4% |
| 1973 | 78,959 million SLC | +28.3% |
| 1974 | 109,079 million SLC | +38.1% |
| 1975 | 125,075 million SLC | +14.7% |
| 1976 | 146,530 million SLC | +17.2% |
| 1977 | 167,815 million SLC | +14.5% |
| 1978 | 193,501 million SLC | +15.3% |
| 1979 | 236,412 million SLC | +22.2% |
| 1980 | 282,563 million SLC | +19.5% |
| 1981 | 325,856 million SLC | +15.3% |
| 1982 | 364,187 million SLC | +11.8% |
| 1983 | 421,943 million SLC | +15.9% |
| 1984 | 590,615 million SLC | +40.0% |
| 1985 | 640,494 million SLC | +8.4% |
| 1986 | 683,427 million SLC | +6.7% |
| 1987 | 772,925 million SLC | +13.1% |
| 1988 | 908,388 million SLC | +17.5% |
| 1989 | 1.05 million million SLC | +15.8% |
| 1990 | 1.24 million million SLC | +18.0% |
| 1991 | 1.45 million million SLC | +17.0% |
| 1992 | 1.60 million million SLC | +10.0% |
| 1993 | 1.75 million million SLC | +9.8% |
| 1994 | 2.02 million million SLC | +15.0% |
| 1995 | 2.27 million million SLC | +12.8% |
| 1996 | 2.68 million million SLC | +18.0% |
| 1997 | 3.00 million million SLC | +11.9% |
| 1998 | 3.38 million million SLC | +12.5% |
| 1999 | 3.69 million million SLC | +9.3% |
| 2000 | 4.20 million million SLC | +13.7% |
| 2001 | 4.59 million million SLC | +9.5% |
| 2002 | 4.98 million million SLC | +8.4% |
| 2003 | 5.37 million million SLC | +7.9% |
| 2004 | 6.03 million million SLC | +12.3% |
| 2005 | 6.73 million million SLC | +11.6% |
| 2006 | 7.39 million million SLC | +9.7% |
| 2007 | 8.07 million million SLC | +9.2% |
| 2008 | 9.06 million million SLC | +12.3% |
| 2009 | 9.74 million million SLC | +7.4% |
| 2010 | 10.45 million million SLC | +7.4% |
| 2011 | 11.24 million million SLC | +7.5% |
| 2012 | 12.28 million million SLC | +9.3% |
| 2013 | 13.47 million million SLC | +9.7% |
| 2014 | 14.73 million million SLC | +9.4% |
| 2015 | 15.54 million million SLC | +5.5% |
| 2016 | 16.81 million million SLC | +8.2% |
| 2017 | 18.38 million million SLC | +9.3% |
| 2018 | 20.21 million million SLC | +9.9% |
| 2019 | 21.47 million million SLC | +6.2% |
| 2020 | 19.31 million million SLC | -10.1% |
| 2021 | 20.10 million million SLC | +4.1% |
| 2022 | 23.32 million million SLC | +16.0% |
| 2023 | 26.99 million million SLC | +15.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 121,873 million SLC | 45,066 million SLC | 236,412 million SLC | 10 |
| 1980s | 604,211 million SLC | 282,563 million SLC | 1.05 million million SLC | 10 |
| 1990s | 2.31 million million SLC | 1.24 million million SLC | 3.69 million million SLC | 10 |
| 2000s | 6.62 million million SLC | 4.20 million million SLC | 9.74 million million SLC | 10 |
| 2010s | 15.46 million million SLC | 10.45 million million SLC | 21.47 million million SLC | 10 |
| 2020s | 22.43 million million SLC | 19.31 million million SLC | 26.99 million million SLC | 4 |
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)
- Gross value added at basic prices (GVA) (current US$), annual growth 5.5 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 1 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 4,171 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.9 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 57.51 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 239,837 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.4 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.9749 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross national income — value standard local currency in Philippines?
- Gross national income — value standard local currency in Philippines was 26.99 million million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross national income — value standard local currency recorded in Philippines?
- The highest recorded value was 26.99 million million SLC in 2023.
- What is the lowest gross national income — value standard local currency recorded in Philippines?
- The lowest recorded value was 45,066 million SLC in 1970.
- How does Philippines rank for gross national income — value standard local currency?
- Philippines ranks 32nd out of 202 countries with data for 2023.
- Is gross national income — value standard local currency rising or falling in Philippines?
- Over the last ten years it is up 100.4%. 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 National Income — Value Standard Local Currency. 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).