Services, value added (current LCU), annual growth rate in Philippines
Philippines: Services, value added (current LCU), annual growth rate was 7.89 % change on previous year in 2025. ▼ Falling
Latest (2025)
7.89 % change on previous year
Change on year
down 22.8%
World rank
90th
of 204 countries
All-time high
38.81 % change on previous year
in 1984
All-time low
-7.17 % change on previous year
in 2020
Years of data
65
1961–2025
Services, value added (current LCU), annual growth rate in Philippines, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for services, value added (current lcu), annual growth rate in Philippines is 7.89 % change on previous year, measured in 2025.
Compared with earlier readings it is down 22.8% on the previous year and down 12.4% over ten years.
Over the whole period, services, value added (current lcu), annual growth rate in Philippines peaked at 38.81 % change on previous year in 1984 and was at its lowest, -7.17 % change on previous year, in 2020.
Philippines ranks 90th of 204 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 65 years of available data.
Services, value added (current LCU), annual growth rate in Philippines, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 7.65 % change on previous year | — |
| 1962 | 12.33 % change on previous year | +61.2% |
| 1963 | 13.07 % change on previous year | +6.0% |
| 1964 | 11.55 % change on previous year | -11.7% |
| 1965 | 9.25 % change on previous year | -19.9% |
| 1966 | 10.53 % change on previous year | +13.8% |
| 1967 | 5.38 % change on previous year | -48.9% |
| 1968 | 9.54 % change on previous year | +77.5% |
| 1969 | 10.12 % change on previous year | +6.0% |
| 1970 | 15.41 % change on previous year | +52.4% |
| 1971 | 16.77 % change on previous year | +8.8% |
| 1972 | 11.2 % change on previous year | -33.2% |
| 1973 | 21.55 % change on previous year | +92.5% |
| 1974 | 34.01 % change on previous year | +57.8% |
| 1975 | 15.99 % change on previous year | -53.0% |
| 1976 | 17.33 % change on previous year | +8.4% |
| 1977 | 13.78 % change on previous year | -20.4% |
| 1978 | 16.5 % change on previous year | +19.7% |
| 1979 | 21.8 % change on previous year | +32.2% |
| 1980 | 23.14 % change on previous year | +6.1% |
| 1981 | 14.98 % change on previous year | -35.3% |
| 1982 | 18.43 % change on previous year | +23.0% |
| 1983 | 18.01 % change on previous year | -2.3% |
| 1984 | 38.81 % change on previous year | +115.5% |
| 1985 | 18.23 % change on previous year | -53.0% |
| 1986 | 9.46 % change on previous year | -48.1% |
| 1987 | 12.42 % change on previous year | +31.3% |
| 1988 | 17.78 % change on previous year | +43.1% |
| 1989 | 17.3 % change on previous year | -2.7% |
| 1990 | 19.73 % change on previous year | +14.1% |
| 1991 | 19.5 % change on previous year | -1.2% |
| 1992 | 9.4 % change on previous year | -51.8% |
| 1993 | 10.02 % change on previous year | +6.6% |
| 1994 | 14.32 % change on previous year | +42.9% |
| 1995 | 14.73 % change on previous year | +2.9% |
| 1996 | 16.29 % change on previous year | +10.6% |
| 1997 | 15.55 % change on previous year | -4.5% |
| 1998 | 15.53 % change on previous year | -0.2% |
| 1999 | 11.82 % change on previous year | -23.8% |
| 2000 | 10.09 % change on previous year | -14.7% |
| 2001 | 10.36 % change on previous year | +2.8% |
| 2002 | 8.04 % change on previous year | -22.4% |
| 2003 | 9.57 % change on previous year | +19.1% |
| 2004 | 13.04 % change on previous year | +36.2% |
| 2005 | 11.72 % change on previous year | -10.1% |
| 2006 | 11.77 % change on previous year | +0.4% |
| 2007 | 10.34 % change on previous year | -12.1% |
| 2008 | 10.42 % change on previous year | +0.8% |
| 2009 | 6.64 % change on previous year | -36.3% |
| 2010 | 11.97 % change on previous year | +80.4% |
| 2011 | 9.24 % change on previous year | -22.8% |
| 2012 | 10.91 % change on previous year | +18.1% |
| 2013 | 11.4 % change on previous year | +4.5% |
| 2014 | 9.46 % change on previous year | -17.0% |
| 2015 | 9.01 % change on previous year | -4.7% |
| 2016 | 10.35 % change on previous year | +14.9% |
| 2017 | 9.75 % change on previous year | -5.9% |
| 2018 | 10.5 % change on previous year | +7.7% |
| 2019 | 8.76 % change on previous year | -16.5% |
| 2020 | -7.17 % change on previous year | -181.9% |
| 2021 | 7.47 % change on previous year | -204.1% |
| 2022 | 13.83 % change on previous year | +85.2% |
| 2023 | 12.49 % change on previous year | -9.7% |
| 2024 | 10.22 % change on previous year | -18.2% |
| 2025 | 7.89 % change on previous year | -22.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.94 % change on previous year | 5.38 % change on previous year | 13.07 % change on previous year | 9 |
| 1970s | 18.43 % change on previous year | 11.2 % change on previous year | 34.01 % change on previous year | 10 |
| 1980s | 18.86 % change on previous year | 9.46 % change on previous year | 38.81 % change on previous year | 10 |
| 1990s | 14.69 % change on previous year | 9.4 % change on previous year | 19.73 % change on previous year | 10 |
| 2000s | 10.2 % change on previous year | 6.64 % change on previous year | 13.04 % change on previous year | 10 |
| 2010s | 10.13 % change on previous year | 8.76 % change on previous year | 11.97 % change on previous year | 10 |
| 2020s | 7.46 % change on previous year | -7.17 % change on previous year | 13.83 % change on previous year | 6 |
Countries ranked near Philippines
- 87 Tunisia 8 % change on previous year compare
- 88 Guatemala 7.97 % change on previous year compare
- 89 Hungary 7.93 % change on previous year compare
- 91 United Arab Emirates 7.78 % change on previous year compare
- 92 Kosovo 7.69 % change on previous year compare
- 93 Lithuania 7.65 % 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)
- Services, value added (current US$), annual growth rate 7.49 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6442 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 2,687 current US$ per person (2025)
- Services, value added (current LCU), per unit of GDP 37.04 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 154,500 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 5.82 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.6191 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per capita 2,582 constant 2015 US$ per person (2025)
Frequently asked questions
- What is services, value added (current lcu), annual growth rate in Philippines?
- Services, value added (current lcu), annual growth rate in Philippines was 7.89 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest services, value added (current lcu), annual growth rate recorded in Philippines?
- The highest recorded value was 38.81 % change on previous year in 1984.
- What is the lowest services, value added (current lcu), annual growth rate recorded in Philippines?
- The lowest recorded value was -7.17 % change on previous year in 2020.
- How does Philippines rank for services, value added (current lcu), annual growth rate?
- Philippines ranks 90th out of 204 countries with data for 2025.
- Is services, value added (current lcu), annual growth rate rising or falling in Philippines?
- Over the last ten years it is down 12.4%. The long-run trend across the full record is falling.
- Where does this Philippines data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current 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 (current 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 (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.