Value of imported goods as a share of GDP in Philippines
Philippines: Value of imported goods as a share of GDP was 27.7% in 2024. ▲ Rising
Latest (2024)
27.7%
Change on year
down 3.9%
World rank
121st
of 201 countries
All-time high
46.3%
in 2004
All-time low
7.8%
in 1961
Years of data
65
1960–2024
Value of imported goods as a share of GDP in Philippines, 1960–2024
Source: International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data. Measured in %.
Analysis
In 2024, value of imported goods as a share of gdp in Philippines stood at 27.7%.
That represents a change of down 3.9% on the previous year and up 16.2% over ten years.
Over the whole period, value of imported goods as a share of gdp in Philippines peaked at 46.3% in 2004 and was at its lowest, 7.8%, in 1961.
Philippines ranks 121st of 201 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 65 years of available data.
Value of imported goods as a share of GDP in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 8.1% | — |
| 1961 | 7.8% | -4.3% |
| 1962 | 12.1% | +56.4% |
| 1963 | 11.4% | -6.1% |
| 1964 | 13.4% | +17.7% |
| 1965 | 12.7% | -5.3% |
| 1966 | 12.5% | -1.9% |
| 1967 | 14.2% | +14.2% |
| 1968 | 13.7% | -4.0% |
| 1969 | 12.0% | -12.3% |
| 1970 | 14.9% | +24.3% |
| 1971 | 14.5% | -2.6% |
| 1972 | 14.1% | -2.6% |
| 1973 | 14.8% | +5.0% |
| 1974 | 21.1% | +42.2% |
| 1975 | 21.0% | -0.5% |
| 1976 | 19.6% | -6.7% |
| 1977 | 18.3% | -6.2% |
| 1978 | 19.1% | +4.0% |
| 1979 | 20.1% | +5.4% |
| 1980 | 21.5% | +6.7% |
| 1981 | 20.0% | -6.9% |
| 1982 | 18.6% | -6.8% |
| 1983 | 19.7% | +5.6% |
| 1984 | 16.7% | -15.2% |
| 1985 | 14.8% | -11.1% |
| 1986 | 14.6% | -1.5% |
| 1987 | 17.5% | +19.7% |
| 1988 | 19.1% | +9.4% |
| 1989 | 21.9% | +14.7% |
| 1990 | 25.5% | +16.3% |
| 1991 | 24.7% | -3.1% |
| 1992 | 23.8% | -3.8% |
| 1993 | 28.1% | +18.1% |
| 1994 | 30.1% | +7.4% |
| 1995 | 32.2% | +7.0% |
| 1996 | 30.8% | -4.4% |
| 1997 | 41.1% | +33.3% |
| 1998 | 39.4% | -4.0% |
| 1999 | 35.5% | -9.9% |
| 2000 | 40.9% | +15.2% |
| 2001 | 41.6% | +1.6% |
| 2002 | 41.6% | +0.1% |
| 2003 | 43.1% | +3.5% |
| 2004 | 46.3% | +7.6% |
| 2005 | 44.1% | -4.8% |
| 2006 | 40.4% | -8.5% |
| 2007 | 35.6% | -11.9% |
| 2008 | 33.3% | -6.5% |
| 2009 | 26.1% | -21.6% |
| 2010 | 28.9% | +10.8% |
| 2011 | 28.2% | -2.2% |
| 2012 | 25.9% | -8.2% |
| 2013 | 23.9% | -7.8% |
| 2014 | 23.9% | -0.2% |
| 2015 | 23.9% | +0.3% |
| 2016 | 26.9% | +12.6% |
| 2017 | 28.3% | +4.9% |
| 2018 | 31.4% | +11.1% |
| 2019 | 31.1% | -0.9% |
| 2020 | 24.8% | -20.2% |
| 2021 | 31.6% | +27.1% |
| 2022 | 35.4% | +12.0% |
| 2023 | 28.9% | -18.4% |
| 2024 | 27.7% | -3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 11.8% | 7.8% | 14.2% | 10 |
| 1970s | 17.7% | 14.1% | 21.1% | 10 |
| 1980s | 18.4% | 14.6% | 21.9% | 10 |
| 1990s | 31.1% | 23.8% | 41.1% | 10 |
| 2000s | 39.3% | 26.1% | 46.3% | 10 |
| 2010s | 27.2% | 23.9% | 31.4% | 10 |
| 2020s | 29.7% | 24.8% | 35.4% | 5 |
Countries ranked near Philippines
- 118 Tajikistan 28.2% compare
- 119 Barbados 28.2% compare
- 120 Burkina Faso 27.8% compare
- 122 Spain 27.3% compare
- 123 Burundi 27.2% compare
- 124 Madagascar 26.9% 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)
- Final consumption expenditure (constant 2015 US$), per capita 3,507 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 4.86 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 1.14 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 4,742 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 5.25 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 65.38 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 272,678 current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 3.72 % change on previous year (2025)
Frequently asked questions
- What is value of imported goods as a share of gdp in Philippines?
- Value of imported goods as a share of gdp in Philippines was 27.7% in 2024, according to International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data.
- What is the highest value of imported goods as a share of gdp recorded in Philippines?
- The highest recorded value was 46.3% in 2004.
- What is the lowest value of imported goods as a share of gdp recorded in Philippines?
- The lowest recorded value was 7.8% in 1961.
- How does Philippines rank for value of imported goods as a share of gdp?
- Philippines ranks 121st out of 201 countries with data for 2024.
- Is value of imported goods as a share of gdp rising or falling in Philippines?
- Over the last ten years it is up 16.2%. The long-run trend across the full record is rising.
- Where does this Philippines data come from?
- The figures come from International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data, published as part of Value of imported goods as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Value of a country’s total goods imports, including freight and insurance costs, as a percentage of a country’s gross domestic product (GDP).