Merchandise trade as a proportion of GDP (%) in Philippines
Philippines: Merchandise trade as a proportion of GDP (%) was 45.0% in 2024. ▼ Falling
Merchandise trade as a proportion of GDP in Philippines, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for merchandise trade as a proportion of gdp in Philippines is 45.0%, measured in 2024.
That represents a change of down 5.1% on the previous year and up 2.4% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Philippines peaked at 90.5% in 2003 and was at its lowest, 42.7%, in 2020.
Philippines ranks 135th of 220 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Merchandise trade as a proportion of GDP (%) in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 89.8% | — |
| 2001 | 85.0% | -5.3% |
| 2002 | 90.5% | +6.5% |
| 2003 | 90.5% | +0.0% |
| 2004 | 90.3% | -0.3% |
| 2005 | 84.5% | -6.4% |
| 2006 | 79.5% | -5.9% |
| 2007 | 69.5% | -12.5% |
| 2008 | 60.3% | -13.3% |
| 2009 | 47.9% | -20.5% |
| 2010 | 52.8% | +10.1% |
| 2011 | 48.0% | -9.1% |
| 2012 | 45.0% | -6.2% |
| 2013 | 43.1% | -4.2% |
| 2014 | 44.0% | +2.0% |
| 2015 | 43.6% | -0.9% |
| 2016 | 44.6% | +2.4% |
| 2017 | 51.9% | +16.3% |
| 2018 | 52.6% | +1.4% |
| 2019 | 48.6% | -7.6% |
| 2020 | 42.7% | -12.1% |
| 2021 | 50.5% | +18.1% |
| 2022 | 55.6% | +10.1% |
| 2023 | 47.4% | -14.7% |
| 2024 | 45.0% | -5.1% |
Philippines compared with similar countries
- Philippines's 45.0% is below the median for upper middle income countries, which is 56.9%, 79% of the median. (55 countries reporting)
- Philippines's 45.0% is below the median for East Asia & Pacific, which is 56.4%, 80% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 78.8% | 47.9% | 90.5% | 10 |
| 2010s | 47.4% | 43.1% | 52.8% | 10 |
| 2020s | 48.3% | 42.7% | 55.6% | 5 |
Countries ranked near Philippines
More economy & growth data for Philippines
- Real gdp growth, annual growth rate -22.65 % change on previous year (2025)
- 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)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Philippines?
- Merchandise trade as a proportion of gdp in Philippines was 45.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Philippines?
- The highest recorded value was 90.5% in 2003.
- What is the lowest merchandise trade as a proportion of gdp recorded in Philippines?
- The lowest recorded value was 42.7% in 2020.
- How does Philippines rank for merchandise trade as a proportion of gdp?
- Philippines ranks 135th out of 220 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Philippines?
- Over the last ten years it is up 2.4%. The long-run trend across the full record is falling.
- Where does this Philippines data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).