Gross value added at basic prices (GVA) (constant LCU) in Philippines
Philippines: Gross value added at basic prices (GVA) (constant LCU) was 23.23 trillion constant LCU in 2025. ◆ Volatile
Latest (2025)
23.23 trillion constant LCU
Change on year
up 4.4%
World rank
29th
of 198 countries
All-time high
23.23 trillion constant LCU
in 2025
All-time low
1.53 trillion constant LCU
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 Offices (NSOs). Measured in constant LCU.
Analysis
In 2025, gross value added at basic prices (gva) in Philippines stood at 23.23 trillion constant LCU. 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 23.23 trillion constant LCU in 2025 and was at its lowest, 1.53 trillion constant LCU, in 1960.
Philippines ranks 29th of 198 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 value added at basic prices (GVA) (constant LCU) in Philippines, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1960 | 1.53 trillion constant LCU | — |
| 1961 | 1.62 trillion constant LCU | +5.7% |
| 1962 | 1.70 trillion constant LCU | +4.8% |
| 1963 | 1.82 trillion constant LCU | +7.0% |
| 1964 | 1.88 trillion constant LCU | +3.4% |
| 1965 | 1.98 trillion constant LCU | +5.3% |
| 1966 | 2.07 trillion constant LCU | +4.4% |
| 1967 | 2.18 trillion constant LCU | +5.2% |
| 1968 | 2.29 trillion constant LCU | +5.0% |
| 1969 | 2.39 trillion constant LCU | +4.7% |
| 1970 | 2.48 trillion constant LCU | +3.7% |
| 1971 | 2.62 trillion constant LCU | +5.4% |
| 1972 | 2.76 trillion constant LCU | +5.4% |
| 1973 | 3.00 trillion constant LCU | +8.8% |
| 1974 | 3.10 trillion constant LCU | +3.4% |
| 1975 | 3.27 trillion constant LCU | +5.5% |
| 1976 | 3.56 trillion constant LCU | +8.8% |
| 1977 | 3.76 trillion constant LCU | +5.6% |
| 1978 | 3.95 trillion constant LCU | +5.2% |
| 1979 | 4.17 trillion constant LCU | +5.6% |
| 1980 | 4.39 trillion constant LCU | +5.2% |
| 1981 | 4.54 trillion constant LCU | +3.4% |
| 1982 | 4.71 trillion constant LCU | +3.7% |
| 1983 | 4.80 trillion constant LCU | +1.9% |
| 1984 | 4.46 trillion constant LCU | -7.0% |
| 1985 | 4.15 trillion constant LCU | -6.9% |
| 1986 | 4.30 trillion constant LCU | +3.5% |
| 1987 | 4.49 trillion constant LCU | +4.4% |
| 1988 | 4.79 trillion constant LCU | +6.7% |
| 1989 | 5.08 trillion constant LCU | +6.2% |
| 1990 | 5.24 trillion constant LCU | +3.1% |
| 1991 | 5.22 trillion constant LCU | -0.4% |
| 1992 | 5.24 trillion constant LCU | +0.4% |
| 1993 | 5.35 trillion constant LCU | +2.2% |
| 1994 | 5.59 trillion constant LCU | +4.4% |
| 1995 | 5.85 trillion constant LCU | +4.6% |
| 1996 | 6.19 trillion constant LCU | +5.9% |
| 1997 | 6.51 trillion constant LCU | +5.2% |
| 1998 | 6.48 trillion constant LCU | -0.5% |
| 1999 | 6.69 trillion constant LCU | +3.3% |
| 2000 | 6.99 trillion constant LCU | +4.4% |
| 2001 | 7.20 trillion constant LCU | +3.0% |
| 2002 | 7.47 trillion constant LCU | +3.7% |
| 2003 | 7.85 trillion constant LCU | +5.1% |
| 2004 | 8.36 trillion constant LCU | +6.6% |
| 2005 | 8.77 trillion constant LCU | +4.9% |
| 2006 | 9.24 trillion constant LCU | +5.3% |
| 2007 | 9.84 trillion constant LCU | +6.5% |
| 2008 | 10.27 trillion constant LCU | +4.3% |
| 2009 | 10.42 trillion constant LCU | +1.4% |
| 2010 | 11.18 trillion constant LCU | +7.3% |
| 2011 | 11.62 trillion constant LCU | +3.9% |
| 2012 | 12.42 trillion constant LCU | +6.9% |
| 2013 | 13.25 trillion constant LCU | +6.7% |
| 2014 | 14.10 trillion constant LCU | +6.3% |
| 2015 | 14.99 trillion constant LCU | +6.3% |
| 2016 | 16.06 trillion constant LCU | +7.1% |
| 2017 | 17.18 trillion constant LCU | +6.9% |
| 2018 | 18.27 trillion constant LCU | +6.3% |
| 2019 | 19.38 trillion constant LCU | +6.1% |
| 2020 | 17.54 trillion constant LCU | -9.5% |
| 2021 | 18.54 trillion constant LCU | +5.7% |
| 2022 | 19.95 trillion constant LCU | +7.6% |
| 2023 | 21.05 trillion constant LCU | +5.5% |
| 2024 | 22.25 trillion constant LCU | +5.7% |
| 2025 | 23.23 trillion constant LCU | +4.4% |
Philippines compared with similar countries
- Philippines's 23.23 trillion constant LCU is above the median for upper middle income countries, which is 504.09 billion constant LCU, 46.1× the median. (57 countries reporting)
- Philippines's 23.23 trillion constant LCU is above the median for East Asia & Pacific, which is 473.15 billion constant LCU, 49.1× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.95 trillion constant LCU | 1.53 trillion constant LCU | 2.39 trillion constant LCU | 10 |
| 1970s | 3.27 trillion constant LCU | 2.48 trillion constant LCU | 4.17 trillion constant LCU | 10 |
| 1980s | 4.57 trillion constant LCU | 4.15 trillion constant LCU | 5.08 trillion constant LCU | 10 |
| 1990s | 5.83 trillion constant LCU | 5.22 trillion constant LCU | 6.69 trillion constant LCU | 10 |
| 2000s | 8.64 trillion constant LCU | 6.99 trillion constant LCU | 10.42 trillion constant LCU | 10 |
| 2010s | 14.84 trillion constant LCU | 11.18 trillion constant LCU | 19.38 trillion constant LCU | 10 |
| 2020s | 20.42 trillion constant LCU | 17.54 trillion constant LCU | 23.23 trillion constant LCU | 6 |
Countries ranked near Philippines
- 26 Mongolia 29.95 trillion constant LCU compare
- 27 Cameroon 24.38 trillion constant LCU compare
- 28 Mexico 24.09 trillion constant LCU compare
- 30 Madagascar 22.03 trillion constant LCU compare
- 31 Rwanda 20.61 trillion constant LCU compare
- 32 Democratic Republic of Congo 17.27 trillion constant LCU 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)
- SDRs holdings, US dollar, annual growth rate 5.64 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0081 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 33.76 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5964 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0059 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 24.65 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.11 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0043 units per US$ of GDP (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 23.23 trillion constant LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Philippines?
- The highest recorded value was 23.23 trillion constant LCU in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Philippines?
- The lowest recorded value was 1.53 trillion constant LCU in 1960.
- How does Philippines rank for gross value added at basic prices (gva)?
- Philippines ranks 29th out of 198 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). 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 varies by country. This series is expressed in local currency units.