Service exports (BoP, current US$), annual growth rate in Philippines
Philippines: Service exports (BoP, current US$), annual growth rate was 1.61 % change on previous year in 2025. ◆ Volatile
Service exports (BoP, current US$), annual growth rate in Philippines, 1978–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for service exports (bop, current us$), annual growth rate in Philippines is 1.61 % change on previous year, measured in 2025.
That represents a change of down 66.8% on the previous year and down 88.5% over ten years.
Over the whole period, service exports (bop, current us$), annual growth rate in Philippines peaked at 44.83 % change on previous year in 1994 and was at its lowest, -50.6 % change on previous year, in 1998.
Philippines ranks 166th of 199 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports (BoP, current US$), annual growth rate in Philippines, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1978 | 38.2 % change on previous year | — |
| 1979 | 6.22 % change on previous year | -83.7% |
| 1980 | 34.48 % change on previous year | +454.4% |
| 1981 | 23.77 % change on previous year | -31.1% |
| 1982 | 0.7259 % change on previous year | -96.9% |
| 1983 | 0.2217 % change on previous year | -69.5% |
| 1984 | -9.18 % change on previous year | -4240.8% |
| 1985 | 36.11 % change on previous year | -493.3% |
| 1986 | 27.96 % change on previous year | -22.6% |
| 1987 | -18.01 % change on previous year | -164.4% |
| 1988 | 2.9 % change on previous year | -116.1% |
| 1989 | 33.65 % change on previous year | +1060.5% |
| 1990 | 0.5891 % change on previous year | -98.2% |
| 1991 | 12.64 % change on previous year | +2045.3% |
| 1992 | 29.78 % change on previous year | +135.6% |
| 1993 | -1.46 % change on previous year | -104.9% |
| 1994 | 44.83 % change on previous year | -3181.1% |
| 1995 | 38.12 % change on previous year | -15.0% |
| 1996 | 38.5 % change on previous year | +1.0% |
| 1997 | 16.92 % change on previous year | -56.1% |
| 1998 | -50.6 % change on previous year | -399.2% |
| 1999 | -30.77 % change on previous year | -39.2% |
| 2000 | 8.56 % change on previous year | -127.8% |
| 2001 | -12.39 % change on previous year | -244.7% |
| 2002 | 13.24 % change on previous year | -206.9% |
| 2003 | 1.63 % change on previous year | -87.7% |
| 2004 | 19.01 % change on previous year | +1064.5% |
| 2005 | 27.7 % change on previous year | +45.7% |
| 2006 | 28.49 % change on previous year | +2.9% |
| 2007 | 22.03 % change on previous year | -22.7% |
| 2008 | -3.31 % change on previous year | -115.0% |
| 2009 | 7.88 % change on previous year | -338.2% |
| 2010 | 26.26 % change on previous year | +233.0% |
| 2011 | 6.16 % change on previous year | -76.5% |
| 2012 | 8.27 % change on previous year | +34.2% |
| 2013 | 14.17 % change on previous year | +71.4% |
| 2014 | 9.27 % change on previous year | -34.6% |
| 2015 | 13.99 % change on previous year | +50.9% |
| 2016 | 7.36 % change on previous year | -47.4% |
| 2017 | 11.63 % change on previous year | +58.0% |
| 2018 | 10.24 % change on previous year | -12.0% |
| 2019 | 7.47 % change on previous year | -27.1% |
| 2020 | -22.88 % change on previous year | -406.5% |
| 2021 | 5.49 % change on previous year | -124.0% |
| 2022 | 22.5 % change on previous year | +309.6% |
| 2023 | 17.53 % change on previous year | -22.1% |
| 2024 | 4.84 % change on previous year | -72.4% |
| 2025 | 1.61 % change on previous year | -66.8% |
Philippines compared with similar countries
- Philippines's 1.61 % change on previous year is below the median for upper middle income countries, which is 8.86 % change on previous year, 18% of the median. (57 countries reporting)
- Philippines's 1.61 % change on previous year is below the median for East Asia & Pacific, which is 10.87 % change on previous year, 15% of the median. (33 countries reporting)
Biggest year-on-year movements
Years where Service exports (BoP, current US$), annual growth rate in Philippines changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1984 | -4240.8% | 0.2217 % change on previous year | -9.18 % change on previous year |
| 1994 | +3181.1% | -1.46 % change on previous year | 44.83 % change on previous year |
| 1991 | +2045.3% | 0.5891 % change on previous year | 12.64 % change on previous year |
| 2004 | +1064.5% | 1.63 % change on previous year | 19.01 % change on previous year |
| 1989 | +1060.5% | 2.9 % change on previous year | 33.65 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.21 % change on previous year | 6.22 % change on previous year | 38.2 % change on previous year | 2 |
| 1980s | 13.26 % change on previous year | -18.01 % change on previous year | 36.11 % change on previous year | 10 |
| 1990s | 9.85 % change on previous year | -50.6 % change on previous year | 44.83 % change on previous year | 10 |
| 2000s | 11.29 % change on previous year | -12.39 % change on previous year | 28.49 % change on previous year | 10 |
| 2010s | 11.48 % change on previous year | 6.16 % change on previous year | 26.26 % change on previous year | 10 |
| 2020s | 4.85 % change on previous year | -22.88 % change on previous year | 22.5 % change on previous year | 6 |
Countries ranked near Philippines
- 163 Croatia 1.93 % change on previous year compare
- 164 Fiji 1.87 % change on previous year compare
- 165 Mozambique 1.66 % change on previous year compare
- 167 Canada 1.58 % change on previous year compare
- 168 Mexico 1.58 % change on previous year compare
- 169 New Caledonia 1.48 % 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)
- 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$), annual growth rate 4.46 % change on previous year (2025)
Frequently asked questions
- What is service exports (bop, current us$), annual growth rate in Philippines?
- Service exports (bop, current us$), annual growth rate in Philippines was 1.61 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest service exports (bop, current us$), annual growth rate recorded in Philippines?
- The highest recorded value was 44.83 % change on previous year in 1994.
- What is the lowest service exports (bop, current us$), annual growth rate recorded in Philippines?
- The lowest recorded value was -50.6 % change on previous year in 1998.
- How does Philippines rank for service exports (bop, current us$), annual growth rate?
- Philippines ranks 166th out of 199 countries with data for 2025.
- Is service exports (bop, current us$), annual growth rate rising or falling in Philippines?
- Over the last ten years it is down 88.5%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Statizoid (derived), published as part of Service exports (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 48 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.