Gross value added at basic prices (GVA) in Philippines
Philippines: Gross value added at basic prices (GVA) was 487.09 billion current US$ in 2025. ◆ Volatile
Latest (2025)
487.09 billion current US$
Change on year
up 5.5%
World rank
30th
of 207 countries
All-time high
487.09 billion current US$
in 2025
All-time low
4.95 billion current US$
in 1962
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 current US$.
Analysis
In 2025, gross value added at basic prices (gva) in Philippines stood at 487.09 billion current US$. That is the highest value across all 66 years on record.
The figure is up 5.5% on the previous year and up 58.9% over ten years.
Over the whole period, gross value added at basic prices (gva) in Philippines peaked at 487.09 billion current US$ in 2025 and was at its lowest, 4.95 billion current US$, in 1962.
That places Philippines 30th out of 207 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Philippines, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 7.52 billion current US$ | — |
| 1961 | 8.17 billion current US$ | +8.7% |
| 1962 | 4.95 billion current US$ | -39.4% |
| 1963 | 5.51 billion current US$ | +11.1% |
| 1964 | 5.95 billion current US$ | +8.2% |
| 1965 | 6.52 billion current US$ | +9.5% |
| 1966 | 7.19 billion current US$ | +10.3% |
| 1967 | 7.72 billion current US$ | +7.5% |
| 1968 | 8.63 billion current US$ | +11.8% |
| 1969 | 9.57 billion current US$ | +10.9% |
| 1970 | 7.56 billion current US$ | -21.0% |
| 1971 | 8.38 billion current US$ | +10.8% |
| 1972 | 9.07 billion current US$ | +8.3% |
| 1973 | 11.41 billion current US$ | +25.9% |
| 1974 | 15.61 billion current US$ | +36.8% |
| 1975 | 16.88 billion current US$ | +8.1% |
| 1976 | 19.38 billion current US$ | +14.8% |
| 1977 | 22.28 billion current US$ | +15.0% |
| 1978 | 25.76 billion current US$ | +15.6% |
| 1979 | 31.22 billion current US$ | +21.2% |
| 1980 | 36.85 billion current US$ | +18.0% |
| 1981 | 40.50 billion current US$ | +9.9% |
| 1982 | 42.21 billion current US$ | +4.2% |
| 1983 | 37.76 billion current US$ | -10.5% |
| 1984 | 35.73 billion current US$ | -5.4% |
| 1985 | 34.96 billion current US$ | -2.2% |
| 1986 | 33.99 billion current US$ | -2.8% |
| 1987 | 37.79 billion current US$ | +11.2% |
| 1988 | 43.15 billion current US$ | +14.2% |
| 1989 | 48.51 billion current US$ | +12.4% |
| 1990 | 50.51 billion current US$ | +4.1% |
| 1991 | 51.78 billion current US$ | +2.5% |
| 1992 | 60.42 billion current US$ | +16.7% |
| 1993 | 62.04 billion current US$ | +2.7% |
| 1994 | 73.16 billion current US$ | +17.9% |
| 1995 | 84.64 billion current US$ | +15.7% |
| 1996 | 94.65 billion current US$ | +11.8% |
| 1997 | 94.11 billion current US$ | -0.6% |
| 1998 | 74.49 billion current US$ | -20.8% |
| 1999 | 85.64 billion current US$ | +15.0% |
| 2000 | 83.67 billion current US$ | -2.3% |
| 2001 | 78.92 billion current US$ | -5.7% |
| 2002 | 84.31 billion current US$ | +6.8% |
| 2003 | 87.04 billion current US$ | +3.2% |
| 2004 | 95.00 billion current US$ | +9.1% |
| 2005 | 107.42 billion current US$ | +13.1% |
| 2006 | 127.65 billion current US$ | +18.8% |
| 2007 | 155.98 billion current US$ | +22.2% |
| 2008 | 181.62 billion current US$ | +16.4% |
| 2009 | 175.97 billion current US$ | -3.1% |
| 2010 | 208.37 billion current US$ | +18.4% |
| 2011 | 234.22 billion current US$ | +12.4% |
| 2012 | 261.92 billion current US$ | +11.8% |
| 2013 | 283.90 billion current US$ | +8.4% |
| 2014 | 297.48 billion current US$ | +4.8% |
| 2015 | 306.45 billion current US$ | +3.0% |
| 2016 | 318.63 billion current US$ | +4.0% |
| 2017 | 328.48 billion current US$ | +3.1% |
| 2018 | 346.84 billion current US$ | +5.6% |
| 2019 | 376.82 billion current US$ | +8.6% |
| 2020 | 361.75 billion current US$ | -4.0% |
| 2021 | 394.09 billion current US$ | +8.9% |
| 2022 | 404.35 billion current US$ | +2.6% |
| 2023 | 437.06 billion current US$ | +8.1% |
| 2024 | 461.67 billion current US$ | +5.6% |
| 2025 | 487.09 billion current US$ | +5.5% |
Philippines compared with similar countries
- Philippines's 487.09 billion current US$ is above the median for upper middle income countries, which is 39.41 billion current US$, 12.4× the median. (58 countries reporting)
- Philippines's 487.09 billion current US$ is above the median for East Asia & Pacific, which is 22.97 billion current US$, 21.2× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.17 billion current US$ | 4.95 billion current US$ | 9.57 billion current US$ | 10 |
| 1970s | 16.75 billion current US$ | 7.56 billion current US$ | 31.22 billion current US$ | 10 |
| 1980s | 39.14 billion current US$ | 33.99 billion current US$ | 48.51 billion current US$ | 10 |
| 1990s | 73.14 billion current US$ | 50.51 billion current US$ | 94.65 billion current US$ | 10 |
| 2000s | 117.76 billion current US$ | 78.92 billion current US$ | 181.62 billion current US$ | 10 |
| 2010s | 296.31 billion current US$ | 208.37 billion current US$ | 376.82 billion current US$ | 10 |
| 2020s | 424.33 billion current US$ | 361.75 billion current US$ | 487.09 billion current US$ | 6 |
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)
- 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$), annual growth rate 4.46 % change on previous year (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Philippines?
- Gross value added at basic prices (gva) in Philippines was 487.09 billion current US$ 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 487.09 billion current US$ in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Philippines?
- The lowest recorded value was 4.95 billion current US$ in 1962.
- How does Philippines rank for gross value added at basic prices (gva)?
- Philippines ranks 30th out of 207 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 58.9%. 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) (current US$). Statizoid updates them automatically from the source API.
Download this data
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.