Services, value added in Philippines
Philippines: Services, value added was 18.04 trillion current LCU in 2025. ◆ Volatile
Services, value added in Philippines, 1960–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2025, services, value added in Philippines stood at 18.04 trillion current LCU. That is the highest value across all 66 years on record.
That represents a change of up 7.9% on the previous year and up 121.1% over ten years.
Over the whole period, services, value added in Philippines peaked at 18.04 trillion current LCU in 2025 and was at its lowest, 6.31 billion current LCU, in 1960.
Philippines ranks 38th of 206 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 in Philippines, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 6.31 billion current LCU | — |
| 1961 | 6.80 billion current LCU | +7.7% |
| 1962 | 7.63 billion current LCU | +12.3% |
| 1963 | 8.63 billion current LCU | +13.1% |
| 1964 | 9.63 billion current LCU | +11.5% |
| 1965 | 10.52 billion current LCU | +9.3% |
| 1966 | 11.63 billion current LCU | +10.5% |
| 1967 | 12.25 billion current LCU | +5.4% |
| 1968 | 13.42 billion current LCU | +9.5% |
| 1969 | 14.78 billion current LCU | +10.1% |
| 1970 | 17.06 billion current LCU | +15.4% |
| 1971 | 19.92 billion current LCU | +16.8% |
| 1972 | 22.15 billion current LCU | +11.2% |
| 1973 | 26.92 billion current LCU | +21.6% |
| 1974 | 36.07 billion current LCU | +34.0% |
| 1975 | 41.84 billion current LCU | +16.0% |
| 1976 | 49.09 billion current LCU | +17.3% |
| 1977 | 55.86 billion current LCU | +13.8% |
| 1978 | 65.07 billion current LCU | +16.5% |
| 1979 | 79.26 billion current LCU | +21.8% |
| 1980 | 97.60 billion current LCU | +23.1% |
| 1981 | 112.23 billion current LCU | +15.0% |
| 1982 | 132.92 billion current LCU | +18.4% |
| 1983 | 156.85 billion current LCU | +18.0% |
| 1984 | 217.72 billion current LCU | +38.8% |
| 1985 | 257.41 billion current LCU | +18.2% |
| 1986 | 281.75 billion current LCU | +9.5% |
| 1987 | 316.75 billion current LCU | +12.4% |
| 1988 | 373.06 billion current LCU | +17.8% |
| 1989 | 437.60 billion current LCU | +17.3% |
| 1990 | 523.96 billion current LCU | +19.7% |
| 1991 | 626.11 billion current LCU | +19.5% |
| 1992 | 684.98 billion current LCU | +9.4% |
| 1993 | 753.61 billion current LCU | +10.0% |
| 1994 | 861.51 billion current LCU | +14.3% |
| 1995 | 988.39 billion current LCU | +14.7% |
| 1996 | 1.15 trillion current LCU | +16.3% |
| 1997 | 1.33 trillion current LCU | +15.6% |
| 1998 | 1.53 trillion current LCU | +15.5% |
| 1999 | 1.72 trillion current LCU | +11.8% |
| 2000 | 1.89 trillion current LCU | +10.1% |
| 2001 | 2.08 trillion current LCU | +10.4% |
| 2002 | 2.25 trillion current LCU | +8.0% |
| 2003 | 2.47 trillion current LCU | +9.6% |
| 2004 | 2.79 trillion current LCU | +13.0% |
| 2005 | 3.12 trillion current LCU | +11.7% |
| 2006 | 3.48 trillion current LCU | +11.8% |
| 2007 | 3.84 trillion current LCU | +10.3% |
| 2008 | 4.24 trillion current LCU | +10.4% |
| 2009 | 4.53 trillion current LCU | +6.6% |
| 2010 | 5.07 trillion current LCU | +12.0% |
| 2011 | 5.54 trillion current LCU | +9.2% |
| 2012 | 6.14 trillion current LCU | +10.9% |
| 2013 | 6.84 trillion current LCU | +11.4% |
| 2014 | 7.49 trillion current LCU | +9.5% |
| 2015 | 8.16 trillion current LCU | +9.0% |
| 2016 | 9.01 trillion current LCU | +10.4% |
| 2017 | 9.88 trillion current LCU | +9.7% |
| 2018 | 10.92 trillion current LCU | +10.5% |
| 2019 | 11.88 trillion current LCU | +8.8% |
| 2020 | 11.02 trillion current LCU | -7.2% |
| 2021 | 11.85 trillion current LCU | +7.5% |
| 2022 | 13.49 trillion current LCU | +13.8% |
| 2023 | 15.17 trillion current LCU | +12.5% |
| 2024 | 16.72 trillion current LCU | +10.2% |
| 2025 | 18.04 trillion current LCU | +7.9% |
Philippines compared with similar countries
- Philippines's 18.04 trillion current LCU is above the median for upper middle income countries, which is 591.41 billion current LCU, 30.5× the median. (58 countries reporting)
- Philippines's 18.04 trillion current LCU is above the median for East Asia & Pacific, which is 565.23 billion current LCU, 31.9× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Services, value added 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 | +38.8% | 156.85 billion current LCU | 217.72 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.16 billion current LCU | 6.31 billion current LCU | 14.78 billion current LCU | 10 |
| 1970s | 41.32 billion current LCU | 17.06 billion current LCU | 79.26 billion current LCU | 10 |
| 1980s | 238.39 billion current LCU | 97.60 billion current LCU | 437.60 billion current LCU | 10 |
| 1990s | 1.02 trillion current LCU | 523.96 billion current LCU | 1.72 trillion current LCU | 10 |
| 2000s | 3.07 trillion current LCU | 1.89 trillion current LCU | 4.53 trillion current LCU | 10 |
| 2010s | 8.09 trillion current LCU | 5.07 trillion current LCU | 11.88 trillion current LCU | 10 |
| 2020s | 14.38 trillion current LCU | 11.02 trillion current LCU | 18.04 trillion current LCU | 6 |
Countries ranked near Philippines
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 18.04 trillion current 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 18.04 trillion current LCU in 2025.
- What is the lowest services, value added recorded in Philippines?
- The lowest recorded value was 6.31 billion current LCU in 1960.
- How does Philippines rank for services, value added?
- Philippines ranks 38th out of 206 countries with data for 2025.
- Is services, value added rising or falling in Philippines?
- Over the last ten years it is up 121.1%. 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 (current LCU). 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 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.