Services, value added in Philippines
Philippines: Services, value added was 301.54 billion constant 2015 US$ in 2025. ◆ Volatile
Services, value added in Philippines, 1960–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
In 2025, services, value added in Philippines stood at 301.54 billion constant 2015 US$. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 5.8% on the previous year and up 68.1% over ten years.
Over the whole period, services, value added in Philippines peaked at 301.54 billion constant 2015 US$ in 2025 and was at its lowest, 14.62 billion constant 2015 US$, in 1960.
That places Philippines 26th out of 196 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Philippines, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1960 | 14.62 billion constant 2015 US$ | — |
| 1961 | 15.39 billion constant 2015 US$ | +5.3% |
| 1962 | 16.24 billion constant 2015 US$ | +5.6% |
| 1963 | 17.08 billion constant 2015 US$ | +5.2% |
| 1964 | 17.86 billion constant 2015 US$ | +4.6% |
| 1965 | 18.58 billion constant 2015 US$ | +4.0% |
| 1966 | 19.38 billion constant 2015 US$ | +4.3% |
| 1967 | 20.33 billion constant 2015 US$ | +4.9% |
| 1968 | 21.24 billion constant 2015 US$ | +4.5% |
| 1969 | 22.33 billion constant 2015 US$ | +5.1% |
| 1970 | 23.28 billion constant 2015 US$ | +4.3% |
| 1971 | 24.39 billion constant 2015 US$ | +4.8% |
| 1972 | 25.39 billion constant 2015 US$ | +4.1% |
| 1973 | 26.93 billion constant 2015 US$ | +6.1% |
| 1974 | 28.21 billion constant 2015 US$ | +4.7% |
| 1975 | 29.64 billion constant 2015 US$ | +5.1% |
| 1976 | 31.42 billion constant 2015 US$ | +6.0% |
| 1977 | 32.84 billion constant 2015 US$ | +4.5% |
| 1978 | 34.68 billion constant 2015 US$ | +5.6% |
| 1979 | 36.53 billion constant 2015 US$ | +5.3% |
| 1980 | 38.73 billion constant 2015 US$ | +6.0% |
| 1981 | 39.53 billion constant 2015 US$ | +2.0% |
| 1982 | 42.08 billion constant 2015 US$ | +6.5% |
| 1983 | 44.19 billion constant 2015 US$ | +5.0% |
| 1984 | 41.50 billion constant 2015 US$ | -6.1% |
| 1985 | 40.71 billion constant 2015 US$ | -1.9% |
| 1986 | 42.44 billion constant 2015 US$ | +4.2% |
| 1987 | 44.62 billion constant 2015 US$ | +5.1% |
| 1988 | 47.70 billion constant 2015 US$ | +6.9% |
| 1989 | 50.93 billion constant 2015 US$ | +6.8% |
| 1990 | 53.27 billion constant 2015 US$ | +4.6% |
| 1991 | 53.43 billion constant 2015 US$ | +0.3% |
| 1992 | 53.98 billion constant 2015 US$ | +1.0% |
| 1993 | 55.33 billion constant 2015 US$ | +2.5% |
| 1994 | 57.63 billion constant 2015 US$ | +4.2% |
| 1995 | 60.37 billion constant 2015 US$ | +4.8% |
| 1996 | 64.14 billion constant 2015 US$ | +6.2% |
| 1997 | 67.54 billion constant 2015 US$ | +5.3% |
| 1998 | 69.48 billion constant 2015 US$ | +2.9% |
| 1999 | 72.65 billion constant 2015 US$ | +4.6% |
| 2000 | 75.08 billion constant 2015 US$ | +3.3% |
| 2001 | 77.97 billion constant 2015 US$ | +3.9% |
| 2002 | 80.91 billion constant 2015 US$ | +3.8% |
| 2003 | 85.21 billion constant 2015 US$ | +5.3% |
| 2004 | 92.27 billion constant 2015 US$ | +8.3% |
| 2005 | 97.15 billion constant 2015 US$ | +5.3% |
| 2006 | 103.38 billion constant 2015 US$ | +6.4% |
| 2007 | 111.33 billion constant 2015 US$ | +7.7% |
| 2008 | 115.78 billion constant 2015 US$ | +4.0% |
| 2009 | 119.74 billion constant 2015 US$ | +3.4% |
| 2010 | 128.78 billion constant 2015 US$ | +7.6% |
| 2011 | 135.44 billion constant 2015 US$ | +5.2% |
| 2012 | 145.44 billion constant 2015 US$ | +7.4% |
| 2013 | 156.45 billion constant 2015 US$ | +7.6% |
| 2014 | 166.96 billion constant 2015 US$ | +6.7% |
| 2015 | 179.34 billion constant 2015 US$ | +7.4% |
| 2016 | 194.00 billion constant 2015 US$ | +8.2% |
| 2017 | 208.27 billion constant 2015 US$ | +7.4% |
| 2018 | 222.31 billion constant 2015 US$ | +6.7% |
| 2019 | 238.41 billion constant 2015 US$ | +7.2% |
| 2020 | 216.65 billion constant 2015 US$ | -9.1% |
| 2021 | 228.28 billion constant 2015 US$ | +5.4% |
| 2022 | 249.35 billion constant 2015 US$ | +9.2% |
| 2023 | 266.95 billion constant 2015 US$ | +7.1% |
| 2024 | 284.97 billion constant 2015 US$ | +6.7% |
| 2025 | 301.54 billion constant 2015 US$ | +5.8% |
Philippines compared with similar countries
- Philippines's 301.54 billion constant 2015 US$ is above the median for upper middle income countries, which is 26.58 billion constant 2015 US$, 11.3× the median. (58 countries reporting)
- Philippines's 301.54 billion constant 2015 US$ is above the median for East Asia & Pacific, which is 14.44 billion constant 2015 US$, 20.9× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 18.31 billion constant 2015 US$ | 14.62 billion constant 2015 US$ | 22.33 billion constant 2015 US$ | 10 |
| 1970s | 29.33 billion constant 2015 US$ | 23.28 billion constant 2015 US$ | 36.53 billion constant 2015 US$ | 10 |
| 1980s | 43.24 billion constant 2015 US$ | 38.73 billion constant 2015 US$ | 50.93 billion constant 2015 US$ | 10 |
| 1990s | 60.78 billion constant 2015 US$ | 53.27 billion constant 2015 US$ | 72.65 billion constant 2015 US$ | 10 |
| 2000s | 95.88 billion constant 2015 US$ | 75.08 billion constant 2015 US$ | 119.74 billion constant 2015 US$ | 10 |
| 2010s | 177.54 billion constant 2015 US$ | 128.78 billion constant 2015 US$ | 238.41 billion constant 2015 US$ | 10 |
| 2020s | 257.96 billion constant 2015 US$ | 216.65 billion constant 2015 US$ | 301.54 billion constant 2015 US$ | 6 |
Countries ranked near Philippines
- 23 Argentina 348.29 billion constant 2015 US$ compare
- 24 Nigeria 333.22 billion constant 2015 US$ compare
- 25 Hong Kong 314.28 billion constant 2015 US$ compare
- 27 Ireland 301.39 billion constant 2015 US$ compare
- 28 Singapore 297.58 billion constant 2015 US$ compare
- 29 Israel 290.63 billion constant 2015 US$ 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$), annual growth rate 4.46 % change on previous year (2025)
Frequently asked questions
- What is services, value added in Philippines?
- Services, value added in Philippines was 301.54 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Philippines?
- The highest recorded value was 301.54 billion constant 2015 US$ in 2025.
- What is the lowest services, value added recorded in Philippines?
- The lowest recorded value was 14.62 billion constant 2015 US$ in 1960.
- How does Philippines rank for services, value added?
- Philippines ranks 26th out of 196 countries with data for 2025.
- Is services, value added rising or falling in Philippines?
- Over the last ten years it is up 68.1%. 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 Services, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defense, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.