Gross value added at basic prices (GVA) in Philippines
Philippines: Gross value added at basic prices (GVA) was 474.84 billion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
474.84 billion constant 2015 US$
Change on year
up 4.4%
World rank
28th
of 194 countries
All-time high
474.84 billion constant 2015 US$
in 2025
All-time low
31.34 billion constant 2015 US$
in 1960
Years of data
66
1960–2025
Gross value added at basic prices (GVA) in Philippines, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in Philippines is 474.84 billion constant 2015 US$, measured in 2025. That is the highest value across all 66 years on record.
That represents a change of up 4.4% on the previous year and up 55.0% over ten years.
Over the whole period, gross value added at basic prices (gva) in Philippines peaked at 474.84 billion constant 2015 US$ in 2025 and was at its lowest, 31.34 billion constant 2015 US$, in 1960.
That places Philippines 28th out of 194 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Philippines, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1960 | 31.34 billion constant 2015 US$ | — |
| 1961 | 33.13 billion constant 2015 US$ | +5.7% |
| 1962 | 34.74 billion constant 2015 US$ | +4.8% |
| 1963 | 37.17 billion constant 2015 US$ | +7.0% |
| 1964 | 38.44 billion constant 2015 US$ | +3.4% |
| 1965 | 40.49 billion constant 2015 US$ | +5.3% |
| 1966 | 42.29 billion constant 2015 US$ | +4.4% |
| 1967 | 44.50 billion constant 2015 US$ | +5.2% |
| 1968 | 46.74 billion constant 2015 US$ | +5.0% |
| 1969 | 48.93 billion constant 2015 US$ | +4.7% |
| 1970 | 50.74 billion constant 2015 US$ | +3.7% |
| 1971 | 53.47 billion constant 2015 US$ | +5.4% |
| 1972 | 56.38 billion constant 2015 US$ | +5.4% |
| 1973 | 61.33 billion constant 2015 US$ | +8.8% |
| 1974 | 63.41 billion constant 2015 US$ | +3.4% |
| 1975 | 66.87 billion constant 2015 US$ | +5.5% |
| 1976 | 72.74 billion constant 2015 US$ | +8.8% |
| 1977 | 76.78 billion constant 2015 US$ | +5.6% |
| 1978 | 80.77 billion constant 2015 US$ | +5.2% |
| 1979 | 85.29 billion constant 2015 US$ | +5.6% |
| 1980 | 89.72 billion constant 2015 US$ | +5.2% |
| 1981 | 92.80 billion constant 2015 US$ | +3.4% |
| 1982 | 96.23 billion constant 2015 US$ | +3.7% |
| 1983 | 98.05 billion constant 2015 US$ | +1.9% |
| 1984 | 91.15 billion constant 2015 US$ | -7.0% |
| 1985 | 84.90 billion constant 2015 US$ | -6.9% |
| 1986 | 87.88 billion constant 2015 US$ | +3.5% |
| 1987 | 91.71 billion constant 2015 US$ | +4.4% |
| 1988 | 97.85 billion constant 2015 US$ | +6.7% |
| 1989 | 103.91 billion constant 2015 US$ | +6.2% |
| 1990 | 107.11 billion constant 2015 US$ | +3.1% |
| 1991 | 106.64 billion constant 2015 US$ | -0.4% |
| 1992 | 107.09 billion constant 2015 US$ | +0.4% |
| 1993 | 109.42 billion constant 2015 US$ | +2.2% |
| 1994 | 114.21 billion constant 2015 US$ | +4.4% |
| 1995 | 119.49 billion constant 2015 US$ | +4.6% |
| 1996 | 126.49 billion constant 2015 US$ | +5.9% |
| 1997 | 133.06 billion constant 2015 US$ | +5.2% |
| 1998 | 132.37 billion constant 2015 US$ | -0.5% |
| 1999 | 136.80 billion constant 2015 US$ | +3.3% |
| 2000 | 142.80 billion constant 2015 US$ | +4.4% |
| 2001 | 147.15 billion constant 2015 US$ | +3.0% |
| 2002 | 152.62 billion constant 2015 US$ | +3.7% |
| 2003 | 160.38 billion constant 2015 US$ | +5.1% |
| 2004 | 170.92 billion constant 2015 US$ | +6.6% |
| 2005 | 179.37 billion constant 2015 US$ | +4.9% |
| 2006 | 188.90 billion constant 2015 US$ | +5.3% |
| 2007 | 201.22 billion constant 2015 US$ | +6.5% |
| 2008 | 209.96 billion constant 2015 US$ | +4.3% |
| 2009 | 213.00 billion constant 2015 US$ | +1.4% |
| 2010 | 228.62 billion constant 2015 US$ | +7.3% |
| 2011 | 237.44 billion constant 2015 US$ | +3.9% |
| 2012 | 253.82 billion constant 2015 US$ | +6.9% |
| 2013 | 270.95 billion constant 2015 US$ | +6.8% |
| 2014 | 288.15 billion constant 2015 US$ | +6.3% |
| 2015 | 306.45 billion constant 2015 US$ | +6.3% |
| 2016 | 328.36 billion constant 2015 US$ | +7.1% |
| 2017 | 351.11 billion constant 2015 US$ | +6.9% |
| 2018 | 373.38 billion constant 2015 US$ | +6.3% |
| 2019 | 396.22 billion constant 2015 US$ | +6.1% |
| 2020 | 358.51 billion constant 2015 US$ | -9.5% |
| 2021 | 379.00 billion constant 2015 US$ | +5.7% |
| 2022 | 407.73 billion constant 2015 US$ | +7.6% |
| 2023 | 430.23 billion constant 2015 US$ | +5.5% |
| 2024 | 454.82 billion constant 2015 US$ | +5.7% |
| 2025 | 474.84 billion constant 2015 US$ | +4.4% |
Philippines compared with similar countries
- Philippines's 474.84 billion constant 2015 US$ is above the median for upper middle income countries, which is 45.40 billion constant 2015 US$, 10.5× the median. (57 countries reporting)
- Philippines's 474.84 billion constant 2015 US$ is above the median for East Asia & Pacific, which is 31.94 billion constant 2015 US$, 14.9× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 39.78 billion constant 2015 US$ | 31.34 billion constant 2015 US$ | 48.93 billion constant 2015 US$ | 10 |
| 1970s | 66.78 billion constant 2015 US$ | 50.74 billion constant 2015 US$ | 85.29 billion constant 2015 US$ | 10 |
| 1980s | 93.42 billion constant 2015 US$ | 84.90 billion constant 2015 US$ | 103.91 billion constant 2015 US$ | 10 |
| 1990s | 119.27 billion constant 2015 US$ | 106.64 billion constant 2015 US$ | 136.80 billion constant 2015 US$ | 10 |
| 2000s | 176.63 billion constant 2015 US$ | 142.80 billion constant 2015 US$ | 213.00 billion constant 2015 US$ | 10 |
| 2010s | 303.45 billion constant 2015 US$ | 228.62 billion constant 2015 US$ | 396.22 billion constant 2015 US$ | 10 |
| 2020s | 417.52 billion constant 2015 US$ | 358.51 billion constant 2015 US$ | 474.84 billion constant 2015 US$ | 6 |
Countries ranked near Philippines
- 25 Thailand 485.78 billion constant 2015 US$ compare
- 26 Belgium 484.22 billion constant 2015 US$ compare
- 27 Egypt 480.35 billion constant 2015 US$ compare
- 29 United Arab Emirates 457.09 billion constant 2015 US$ compare
- 30 Malaysia 438.62 billion constant 2015 US$ compare
- 31 Norway 422.33 billion constant 2015 US$ 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$), annual growth rate 4.46 % change on previous year (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Philippines?
- Gross value added at basic prices (gva) in Philippines was 474.84 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Philippines?
- The highest recorded value was 474.84 billion constant 2015 US$ in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Philippines?
- The lowest recorded value was 31.34 billion constant 2015 US$ in 1960.
- How does Philippines rank for gross value added at basic prices (gva)?
- Philippines ranks 28th out of 194 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Philippines?
- Over the last ten years it is up 55.0%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.