Services, value added (constant LCU), annual growth rate in Philippines
Philippines: Services, value added (constant LCU), annual growth rate was 5.82 % change on previous year in 2025. ◆ Volatile
Latest (2025)
5.82 % change on previous year
Change on year
down 13.8%
World rank
37th
of 196 countries
All-time high
9.23 % change on previous year
in 2022
All-time low
-9.13 % change on previous year
in 2020
Years of data
65
1961–2025
Services, value added (constant LCU), annual growth rate in Philippines, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Philippines recorded 5.82 % change on previous year for services, value added (constant lcu), annual growth rate in 2025.
The figure is down 13.8% on the previous year and down 21.5% over ten years.
Over the whole period, services, value added (constant lcu), annual growth rate in Philippines peaked at 9.23 % change on previous year in 2022 and was at its lowest, -9.13 % change on previous year, in 2020.
Philippines ranks 37th of 196 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (constant LCU), annual growth rate in Philippines, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 5.27 % change on previous year | — |
| 1962 | 5.56 % change on previous year | +5.5% |
| 1963 | 5.16 % change on previous year | -7.1% |
| 1964 | 4.57 % change on previous year | -11.6% |
| 1965 | 4.02 % change on previous year | -12.0% |
| 1966 | 4.34 % change on previous year | +8.0% |
| 1967 | 4.9 % change on previous year | +12.9% |
| 1968 | 4.46 % change on previous year | -9.0% |
| 1969 | 5.12 % change on previous year | +15.0% |
| 1970 | 4.26 % change on previous year | -16.8% |
| 1971 | 4.78 % change on previous year | +12.0% |
| 1972 | 4.11 % change on previous year | -14.0% |
| 1973 | 6.06 % change on previous year | +47.4% |
| 1974 | 4.75 % change on previous year | -21.6% |
| 1975 | 5.06 % change on previous year | +6.5% |
| 1976 | 6.03 % change on previous year | +19.3% |
| 1977 | 4.5 % change on previous year | -25.4% |
| 1978 | 5.62 % change on previous year | +24.9% |
| 1979 | 5.34 % change on previous year | -5.0% |
| 1980 | 6.01 % change on previous year | +12.7% |
| 1981 | 2.05 % change on previous year | -65.9% |
| 1982 | 6.47 % change on previous year | +215.8% |
| 1983 | 5 % change on previous year | -22.8% |
| 1984 | -6.08 % change on previous year | -221.6% |
| 1985 | -1.9 % change on previous year | -68.7% |
| 1986 | 4.24 % change on previous year | -323.1% |
| 1987 | 5.13 % change on previous year | +21.0% |
| 1988 | 6.9 % change on previous year | +34.4% |
| 1989 | 6.78 % change on previous year | -1.7% |
| 1990 | 4.6 % change on previous year | -32.2% |
| 1991 | 0.2901 % change on previous year | -93.7% |
| 1992 | 1.03 % change on previous year | +254.0% |
| 1993 | 2.51 % change on previous year | +144.1% |
| 1994 | 4.15 % change on previous year | +65.7% |
| 1995 | 4.76 % change on previous year | +14.7% |
| 1996 | 6.24 % change on previous year | +31.1% |
| 1997 | 5.3 % change on previous year | -15.1% |
| 1998 | 2.86 % change on previous year | -46.1% |
| 1999 | 4.57 % change on previous year | +59.6% |
| 2000 | 3.35 % change on previous year | -26.7% |
| 2001 | 3.85 % change on previous year | +15.0% |
| 2002 | 3.77 % change on previous year | -2.0% |
| 2003 | 5.31 % change on previous year | +40.7% |
| 2004 | 8.29 % change on previous year | +56.3% |
| 2005 | 5.28 % change on previous year | -36.3% |
| 2006 | 6.41 % change on previous year | +21.4% |
| 2007 | 7.7 % change on previous year | +20.0% |
| 2008 | 3.99 % change on previous year | -48.2% |
| 2009 | 3.43 % change on previous year | -14.1% |
| 2010 | 7.55 % change on previous year | +120.5% |
| 2011 | 5.17 % change on previous year | -31.6% |
| 2012 | 7.38 % change on previous year | +42.8% |
| 2013 | 7.57 % change on previous year | +2.6% |
| 2014 | 6.72 % change on previous year | -11.3% |
| 2015 | 7.41 % change on previous year | +10.4% |
| 2016 | 8.17 % change on previous year | +10.3% |
| 2017 | 7.36 % change on previous year | -10.0% |
| 2018 | 6.74 % change on previous year | -8.4% |
| 2019 | 7.24 % change on previous year | +7.4% |
| 2020 | -9.13 % change on previous year | -226.0% |
| 2021 | 5.37 % change on previous year | -158.8% |
| 2022 | 9.23 % change on previous year | +71.9% |
| 2023 | 7.06 % change on previous year | -23.5% |
| 2024 | 6.75 % change on previous year | -4.4% |
| 2025 | 5.82 % change on previous year | -13.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.82 % change on previous year | 4.02 % change on previous year | 5.56 % change on previous year | 9 |
| 1970s | 5.05 % change on previous year | 4.11 % change on previous year | 6.06 % change on previous year | 10 |
| 1980s | 3.46 % change on previous year | -6.08 % change on previous year | 6.9 % change on previous year | 10 |
| 1990s | 3.63 % change on previous year | 0.2901 % change on previous year | 6.24 % change on previous year | 10 |
| 2000s | 5.14 % change on previous year | 3.35 % change on previous year | 8.29 % change on previous year | 10 |
| 2010s | 7.13 % change on previous year | 5.17 % change on previous year | 8.17 % change on previous year | 10 |
| 2020s | 4.18 % change on previous year | -9.13 % change on previous year | 9.23 % change on previous year | 6 |
Countries ranked near Philippines
- 34 Eswatini 6.17 % change on previous year compare
- 35 Aruba 6.01 % change on previous year compare
- 36 Tanzania, United Republic of 5.83 % change on previous year compare
- 38 Albania 5.7 % change on previous year compare
- 39 Malaysia 5.7 % change on previous year compare
- 40 Angola 5.62 % 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)
- Manufacturing, value added (current US$), per unit of GDP 0.1533 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 639.39 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 8.82 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 36,768 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.1753 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 731.3 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 34,420 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 2.86 % change on previous year (2025)
Frequently asked questions
- What is services, value added (constant lcu), annual growth rate in Philippines?
- Services, value added (constant lcu), annual growth rate in Philippines was 5.82 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest services, value added (constant lcu), annual growth rate recorded in Philippines?
- The highest recorded value was 9.23 % change on previous year in 2022.
- What is the lowest services, value added (constant lcu), annual growth rate recorded in Philippines?
- The lowest recorded value was -9.13 % change on previous year in 2020.
- How does Philippines rank for services, value added (constant lcu), annual growth rate?
- Philippines ranks 37th out of 196 countries with data for 2025.
- Is services, value added (constant lcu), annual growth rate rising or falling in Philippines?
- Over the last ten years it is down 21.5%. 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 Services, value added (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 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 Services, value added (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
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 Services, value added (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.