Services, value added in Philippines
Philippines: Services, value added was 313.77 billion current US$ in 2025. ◆ Volatile
Services, value added in Philippines, 1960–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for services, value added in Philippines is 313.77 billion current US$, measured in 2025. That is the highest value across all 66 years on record.
That represents a change of up 7.5% on the previous year and up 75.0% over ten years.
Over the whole period, services, value added in Philippines peaked at 313.77 billion current US$ in 2025 and was at its lowest, 2.05 billion current US$, in 1962.
That places Philippines 31st out of 206 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Philippines, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 3.13 billion current US$ | — |
| 1961 | 3.36 billion current US$ | +7.4% |
| 1962 | 2.05 billion current US$ | -39.1% |
| 1963 | 2.21 billion current US$ | +7.8% |
| 1964 | 2.46 billion current US$ | +11.6% |
| 1965 | 2.69 billion current US$ | +9.3% |
| 1966 | 2.98 billion current US$ | +10.8% |
| 1967 | 3.14 billion current US$ | +5.4% |
| 1968 | 3.44 billion current US$ | +9.5% |
| 1969 | 3.79 billion current US$ | +10.1% |
| 1970 | 2.89 billion current US$ | -23.8% |
| 1971 | 3.10 billion current US$ | +7.2% |
| 1972 | 3.32 billion current US$ | +7.1% |
| 1973 | 3.98 billion current US$ | +20.1% |
| 1974 | 5.31 billion current US$ | +33.4% |
| 1975 | 5.77 billion current US$ | +8.6% |
| 1976 | 6.60 billion current US$ | +14.3% |
| 1977 | 7.55 billion current US$ | +14.4% |
| 1978 | 8.83 billion current US$ | +17.1% |
| 1979 | 10.74 billion current US$ | +21.6% |
| 1980 | 12.99 billion current US$ | +20.9% |
| 1981 | 14.21 billion current US$ | +9.3% |
| 1982 | 15.56 billion current US$ | +9.6% |
| 1983 | 14.11 billion current US$ | -9.3% |
| 1984 | 13.04 billion current US$ | -7.6% |
| 1985 | 13.83 billion current US$ | +6.1% |
| 1986 | 13.82 billion current US$ | -0.1% |
| 1987 | 15.40 billion current US$ | +11.4% |
| 1988 | 17.69 billion current US$ | +14.8% |
| 1989 | 20.13 billion current US$ | +13.8% |
| 1990 | 21.55 billion current US$ | +7.1% |
| 1991 | 22.79 billion current US$ | +5.7% |
| 1992 | 26.85 billion current US$ | +17.8% |
| 1993 | 27.79 billion current US$ | +3.5% |
| 1994 | 32.61 billion current US$ | +17.4% |
| 1995 | 38.44 billion current US$ | +17.9% |
| 1996 | 43.84 billion current US$ | +14.1% |
| 1997 | 45.07 billion current US$ | +2.8% |
| 1998 | 37.52 billion current US$ | -16.7% |
| 1999 | 43.89 billion current US$ | +17.0% |
| 2000 | 42.74 billion current US$ | -2.6% |
| 2001 | 40.88 billion current US$ | -4.4% |
| 2002 | 43.64 billion current US$ | +6.8% |
| 2003 | 45.53 billion current US$ | +4.3% |
| 2004 | 49.78 billion current US$ | +9.3% |
| 2005 | 56.58 billion current US$ | +13.7% |
| 2006 | 67.88 billion current US$ | +20.0% |
| 2007 | 83.28 billion current US$ | +22.7% |
| 2008 | 95.75 billion current US$ | +15.0% |
| 2009 | 94.92 billion current US$ | -0.9% |
| 2010 | 112.33 billion current US$ | +18.4% |
| 2011 | 127.80 billion current US$ | +13.8% |
| 2012 | 145.38 billion current US$ | +13.8% |
| 2013 | 161.12 billion current US$ | +10.8% |
| 2014 | 168.62 billion current US$ | +4.7% |
| 2015 | 179.34 billion current US$ | +6.4% |
| 2016 | 189.61 billion current US$ | +5.7% |
| 2017 | 196.07 billion current US$ | +3.4% |
| 2018 | 207.36 billion current US$ | +5.8% |
| 2019 | 229.31 billion current US$ | +10.6% |
| 2020 | 222.17 billion current US$ | -3.1% |
| 2021 | 240.56 billion current US$ | +8.3% |
| 2022 | 247.57 billion current US$ | +2.9% |
| 2023 | 272.73 billion current US$ | +10.2% |
| 2024 | 291.90 billion current US$ | +7.0% |
| 2025 | 313.77 billion current US$ | +7.5% |
Philippines compared with similar countries
- Philippines's 313.77 billion current US$ is above the median for upper middle income countries, which is 24.02 billion current US$, 13.1× the median. (58 countries reporting)
- Philippines's 313.77 billion current US$ is above the median for East Asia & Pacific, which is 12.93 billion current US$, 24.3× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Services, value added in Philippines changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1962 | -39.1% | 3.36 billion current US$ | 2.05 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.93 billion current US$ | 2.05 billion current US$ | 3.79 billion current US$ | 10 |
| 1970s | 5.81 billion current US$ | 2.89 billion current US$ | 10.74 billion current US$ | 10 |
| 1980s | 15.08 billion current US$ | 12.99 billion current US$ | 20.13 billion current US$ | 10 |
| 1990s | 34.04 billion current US$ | 21.55 billion current US$ | 45.07 billion current US$ | 10 |
| 2000s | 62.10 billion current US$ | 40.88 billion current US$ | 95.75 billion current US$ | 10 |
| 2010s | 171.69 billion current US$ | 112.33 billion current US$ | 229.31 billion current US$ | 10 |
| 2020s | 264.78 billion current US$ | 222.17 billion current US$ | 313.77 billion current US$ | 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$), annual growth rate 4.46 % change on previous year (2025)
Frequently asked questions
- What is services, value added in Philippines?
- Services, value added in Philippines was 313.77 billion current US$ 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 313.77 billion current US$ in 2025.
- What is the lowest services, value added recorded in Philippines?
- The lowest recorded value was 2.05 billion current US$ in 1962.
- How does Philippines rank for services, value added?
- Philippines ranks 31st 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 75.0%. 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 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 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 indicator is expressed in United States dollars.