Services, value added (constant LCU) in Philippines
Philippines: Services, value added (constant LCU) was 14.81 trillion constant LCU in 2025. ◆ Volatile
Services, value added in Philippines, 1960–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2025, services, value added in Philippines stood at 14.81 trillion constant LCU. That is the highest value across all 66 years on record.
The figure 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 14.81 trillion constant LCU in 2025 and was at its lowest, 718.01 billion constant LCU, in 1960.
Philippines ranks 29th of 199 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) in Philippines, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1960 | 718.01 billion constant LCU | — |
| 1961 | 755.84 billion constant LCU | +5.3% |
| 1962 | 797.83 billion constant LCU | +5.6% |
| 1963 | 839.02 billion constant LCU | +5.2% |
| 1964 | 877.33 billion constant LCU | +4.6% |
| 1965 | 912.58 billion constant LCU | +4.0% |
| 1966 | 952.17 billion constant LCU | +4.3% |
| 1967 | 998.81 billion constant LCU | +4.9% |
| 1968 | 1.04 trillion constant LCU | +4.5% |
| 1969 | 1.10 trillion constant LCU | +5.1% |
| 1970 | 1.14 trillion constant LCU | +4.3% |
| 1971 | 1.20 trillion constant LCU | +4.8% |
| 1972 | 1.25 trillion constant LCU | +4.1% |
| 1973 | 1.32 trillion constant LCU | +6.1% |
| 1974 | 1.39 trillion constant LCU | +4.7% |
| 1975 | 1.46 trillion constant LCU | +5.1% |
| 1976 | 1.54 trillion constant LCU | +6.0% |
| 1977 | 1.61 trillion constant LCU | +4.5% |
| 1978 | 1.70 trillion constant LCU | +5.6% |
| 1979 | 1.79 trillion constant LCU | +5.3% |
| 1980 | 1.90 trillion constant LCU | +6.0% |
| 1981 | 1.94 trillion constant LCU | +2.0% |
| 1982 | 2.07 trillion constant LCU | +6.5% |
| 1983 | 2.17 trillion constant LCU | +5.0% |
| 1984 | 2.04 trillion constant LCU | -6.1% |
| 1985 | 2.00 trillion constant LCU | -1.9% |
| 1986 | 2.08 trillion constant LCU | +4.2% |
| 1987 | 2.19 trillion constant LCU | +5.1% |
| 1988 | 2.34 trillion constant LCU | +6.9% |
| 1989 | 2.50 trillion constant LCU | +6.8% |
| 1990 | 2.62 trillion constant LCU | +4.6% |
| 1991 | 2.62 trillion constant LCU | +0.3% |
| 1992 | 2.65 trillion constant LCU | +1.0% |
| 1993 | 2.72 trillion constant LCU | +2.5% |
| 1994 | 2.83 trillion constant LCU | +4.2% |
| 1995 | 2.97 trillion constant LCU | +4.8% |
| 1996 | 3.15 trillion constant LCU | +6.2% |
| 1997 | 3.32 trillion constant LCU | +5.3% |
| 1998 | 3.41 trillion constant LCU | +2.9% |
| 1999 | 3.57 trillion constant LCU | +4.6% |
| 2000 | 3.69 trillion constant LCU | +3.3% |
| 2001 | 3.83 trillion constant LCU | +3.9% |
| 2002 | 3.97 trillion constant LCU | +3.8% |
| 2003 | 4.19 trillion constant LCU | +5.3% |
| 2004 | 4.53 trillion constant LCU | +8.3% |
| 2005 | 4.77 trillion constant LCU | +5.3% |
| 2006 | 5.08 trillion constant LCU | +6.4% |
| 2007 | 5.47 trillion constant LCU | +7.7% |
| 2008 | 5.69 trillion constant LCU | +4.0% |
| 2009 | 5.88 trillion constant LCU | +3.4% |
| 2010 | 6.33 trillion constant LCU | +7.6% |
| 2011 | 6.65 trillion constant LCU | +5.2% |
| 2012 | 7.14 trillion constant LCU | +7.4% |
| 2013 | 7.68 trillion constant LCU | +7.6% |
| 2014 | 8.20 trillion constant LCU | +6.7% |
| 2015 | 8.81 trillion constant LCU | +7.4% |
| 2016 | 9.53 trillion constant LCU | +8.2% |
| 2017 | 10.23 trillion constant LCU | +7.4% |
| 2018 | 10.92 trillion constant LCU | +6.7% |
| 2019 | 11.71 trillion constant LCU | +7.2% |
| 2020 | 10.64 trillion constant LCU | -9.1% |
| 2021 | 11.21 trillion constant LCU | +5.4% |
| 2022 | 12.25 trillion constant LCU | +9.2% |
| 2023 | 13.11 trillion constant LCU | +7.1% |
| 2024 | 14.00 trillion constant LCU | +6.7% |
| 2025 | 14.81 trillion constant LCU | +5.8% |
Philippines compared with similar countries
- Philippines's 14.81 trillion constant LCU is above the median for upper middle income countries, which is 353.44 billion constant LCU, 41.9× the median. (58 countries reporting)
- Philippines's 14.81 trillion constant LCU is above the median for East Asia & Pacific, which is 409.12 billion constant LCU, 36.2× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 899.17 billion constant LCU | 718.01 billion constant LCU | 1.10 trillion constant LCU | 10 |
| 1970s | 1.44 trillion constant LCU | 1.14 trillion constant LCU | 1.79 trillion constant LCU | 10 |
| 1980s | 2.12 trillion constant LCU | 1.90 trillion constant LCU | 2.50 trillion constant LCU | 10 |
| 1990s | 2.99 trillion constant LCU | 2.62 trillion constant LCU | 3.57 trillion constant LCU | 10 |
| 2000s | 4.71 trillion constant LCU | 3.69 trillion constant LCU | 5.88 trillion constant LCU | 10 |
| 2010s | 8.72 trillion constant LCU | 6.33 trillion constant LCU | 11.71 trillion constant LCU | 10 |
| 2020s | 12.67 trillion constant LCU | 10.64 trillion constant LCU | 14.81 trillion constant LCU | 6 |
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 services, value added in Philippines?
- Services, value added in Philippines was 14.81 trillion constant LCU 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 14.81 trillion constant LCU in 2025.
- What is the lowest services, value added recorded in Philippines?
- The lowest recorded value was 718.01 billion constant LCU in 1960.
- How does Philippines rank for services, value added?
- Philippines ranks 29th out of 199 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 LCU). Statizoid updates them automatically from the source API.
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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 defence, 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 varies by country. This series is expressed in local currency units.