Gross value added at basic prices (GVA) (current LCU), annual growth in Philippines
Philippines: Gross value added at basic prices (GVA) (current LCU), annual growth was 5.9 % change on previous year in 2025. ◆ Volatile
Latest (2025)
5.9 % change on previous year
Change on year
down 32.8%
World rank
118th
of 205 countries
All-time high
42.19 % change on previous year
in 1984
All-time low
-8.02 % change on previous year
in 2020
Years of data
65
1961–2025
Gross value added at basic prices (GVA) (current LCU), annual growth in Philippines, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Philippines recorded 5.9 % change on previous year for gross value added at basic prices (gva) (current lcu), annual growth in 2025.
The figure is down 32.8% on the previous year and up 5.7% over ten years.
Over the whole period, gross value added at basic prices (gva) (current lcu), annual growth in Philippines peaked at 42.19 % change on previous year in 1984 and was at its lowest, -8.02 % change on previous year, in 2020.
That places Philippines 118th out of 205 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current LCU), annual growth in Philippines, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 8.99 % change on previous year | — |
| 1962 | 11.9 % change on previous year | +32.4% |
| 1963 | 16.55 % change on previous year | +39.1% |
| 1964 | 8.14 % change on previous year | -50.8% |
| 1965 | 9.44 % change on previous year | +16.0% |
| 1966 | 10.05 % change on previous year | +6.4% |
| 1967 | 7.45 % change on previous year | -25.8% |
| 1968 | 11.75 % change on previous year | +57.7% |
| 1969 | 10.88 % change on previous year | -7.4% |
| 1970 | 19.56 % change on previous year | +79.8% |
| 1971 | 20.69 % change on previous year | +5.8% |
| 1972 | 12.36 % change on previous year | -40.2% |
| 1973 | 27.39 % change on previous year | +121.5% |
| 1974 | 37.4 % change on previous year | +36.5% |
| 1975 | 15.45 % change on previous year | -58.7% |
| 1976 | 17.9 % change on previous year | +15.9% |
| 1977 | 14.4 % change on previous year | -19.6% |
| 1978 | 15.03 % change on previous year | +4.4% |
| 1979 | 21.37 % change on previous year | +42.2% |
| 1980 | 20.18 % change on previous year | -5.6% |
| 1981 | 15.59 % change on previous year | -22.7% |
| 1982 | 12.66 % change on previous year | -18.8% |
| 1983 | 16.42 % change on previous year | +29.6% |
| 1984 | 42.19 % change on previous year | +157.0% |
| 1985 | 9.03 % change on previous year | -78.6% |
| 1986 | 6.5 % change on previous year | -28.0% |
| 1987 | 12.19 % change on previous year | +87.4% |
| 1988 | 17.11 % change on previous year | +40.4% |
| 1989 | 15.85 % change on previous year | -7.4% |
| 1990 | 16.44 % change on previous year | +3.7% |
| 1991 | 15.89 % change on previous year | -3.4% |
| 1992 | 8.33 % change on previous year | -47.6% |
| 1993 | 9.14 % change on previous year | +9.7% |
| 1994 | 14.87 % change on previous year | +62.7% |
| 1995 | 12.62 % change on previous year | -15.1% |
| 1996 | 14 % change on previous year | +10.9% |
| 1997 | 11.77 % change on previous year | -15.9% |
| 1998 | 9.84 % change on previous year | -16.4% |
| 1999 | 9.89 % change on previous year | +0.6% |
| 2000 | 10.45 % change on previous year | +5.7% |
| 2001 | 8.84 % change on previous year | -15.4% |
| 2002 | 8.1 % change on previous year | -8.3% |
| 2003 | 8.44 % change on previous year | +4.2% |
| 2004 | 12.85 % change on previous year | +52.2% |
| 2005 | 11.15 % change on previous year | -13.2% |
| 2006 | 10.7 % change on previous year | -4.0% |
| 2007 | 9.89 % change on previous year | -7.6% |
| 2008 | 11.84 % change on previous year | +19.7% |
| 2009 | 4.23 % change on previous year | -64.3% |
| 2010 | 12.03 % change on previous year | +184.6% |
| 2011 | 7.93 % change on previous year | -34.1% |
| 2012 | 9.03 % change on previous year | +13.9% |
| 2013 | 8.95 % change on previous year | -0.9% |
| 2014 | 9.59 % change on previous year | +7.2% |
| 2015 | 5.58 % change on previous year | -41.8% |
| 2016 | 8.52 % change on previous year | +52.6% |
| 2017 | 9.41 % change on previous year | +10.5% |
| 2018 | 10.32 % change on previous year | +9.6% |
| 2019 | 6.86 % change on previous year | -33.5% |
| 2020 | -8.02 % change on previous year | -217.0% |
| 2021 | 8.13 % change on previous year | -201.3% |
| 2022 | 13.49 % change on previous year | +65.9% |
| 2023 | 10.37 % change on previous year | -23.1% |
| 2024 | 8.78 % change on previous year | -15.3% |
| 2025 | 5.9 % change on previous year | -32.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.57 % change on previous year | 7.45 % change on previous year | 16.55 % change on previous year | 9 |
| 1970s | 20.16 % change on previous year | 12.36 % change on previous year | 37.4 % change on previous year | 10 |
| 1980s | 16.77 % change on previous year | 6.5 % change on previous year | 42.19 % change on previous year | 10 |
| 1990s | 12.28 % change on previous year | 8.33 % change on previous year | 16.44 % change on previous year | 10 |
| 2000s | 9.65 % change on previous year | 4.23 % change on previous year | 12.85 % change on previous year | 10 |
| 2010s | 8.82 % change on previous year | 5.58 % change on previous year | 12.03 % change on previous year | 10 |
| 2020s | 6.44 % change on previous year | -8.02 % change on previous year | 13.49 % change on previous year | 6 |
Countries ranked near Philippines
- 115 Fiji 6.08 % change on previous year compare
- 116 New Zealand 6.08 % change on previous year compare
- 117 Uruguay 5.99 % change on previous year compare
- 119 Israel 5.87 % change on previous year compare
- 120 Morocco 5.79 % change on previous year compare
- 121 United Arab Emirates 5.68 % 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)
- 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)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 4,066 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 4.4 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 47.69 constant LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant LCU), per capita 198,897 constant LCU per person (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) (current lcu), annual growth in Philippines?
- Gross value added at basic prices (gva) (current lcu), annual growth in Philippines was 5.9 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current lcu), annual growth recorded in Philippines?
- The highest recorded value was 42.19 % change on previous year in 1984.
- What is the lowest gross value added at basic prices (gva) (current lcu), annual growth recorded in Philippines?
- The lowest recorded value was -8.02 % change on previous year in 2020.
- How does Philippines rank for gross value added at basic prices (gva) (current lcu), annual growth?
- Philippines ranks 118th out of 205 countries with data for 2025.
- Is gross value added at basic prices (gva) (current lcu), annual growth rising or falling in Philippines?
- Over the last ten years it is up 5.7%. 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 value added at basic prices (GVA) (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Organizations and/or Central Banks
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 value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.