Trade in services (% of GDP) in Philippines
Philippines: Trade in services (% of GDP) was 18.4% in 2025. ▲ Rising
Trade in services in Philippines, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2025, trade in services in Philippines stood at 18.4%.
Compared with earlier readings it is down 2.9% on the previous year and up 7.0% over ten years.
Over the whole period, trade in services in Philippines peaked at 31.1% in 1997 and was at its lowest, 7.1%, in 1977.
Philippines ranks 114th of 200 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 49 years of available data.
Trade in services (% of GDP) in Philippines, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 7.1% | — |
| 1978 | 7.8% | +9.6% |
| 1979 | 7.2% | -7.5% |
| 1980 | 7.8% | +8.4% |
| 1981 | 8.5% | +7.9% |
| 1982 | 8.6% | +1.7% |
| 1983 | 9.4% | +9.1% |
| 1984 | 7.9% | -15.4% |
| 1985 | 8.9% | +11.8% |
| 1986 | 10.9% | +22.8% |
| 1987 | 9.3% | -15.0% |
| 1988 | 8.6% | -6.9% |
| 1989 | 9.9% | +14.5% |
| 1990 | 9.9% | +0.4% |
| 1991 | 10.5% | +6.4% |
| 1992 | 11.7% | +10.7% |
| 1993 | 12.5% | +7.2% |
| 1994 | 15.6% | +24.8% |
| 1995 | 19.2% | +23.1% |
| 1996 | 23.6% | +23.0% |
| 1997 | 31.1% | +31.5% |
| 1998 | 23.6% | -24.1% |
| 1999 | 12.1% | -48.9% |
| 2000 | 13.0% | +7.7% |
| 2001 | 13.1% | +0.8% |
| 2002 | 13.1% | +0.2% |
| 2003 | 12.7% | -3.0% |
| 2004 | 13.3% | +4.3% |
| 2005 | 14.0% | +5.7% |
| 2006 | 13.8% | -1.5% |
| 2007 | 13.5% | -2.4% |
| 2008 | 13.3% | -1.5% |
| 2009 | 13.2% | -0.5% |
| 2010 | 14.3% | +8.1% |
| 2011 | 13.3% | -6.9% |
| 2012 | 13.2% | -0.5% |
| 2013 | 14.0% | +5.4% |
| 2014 | 15.6% | +11.7% |
| 2015 | 17.2% | +10.2% |
| 2016 | 17.4% | +1.1% |
| 2017 | 18.6% | +6.8% |
| 2018 | 18.8% | +1.3% |
| 2019 | 18.4% | -1.9% |
| 2020 | 13.8% | -25.4% |
| 2021 | 13.5% | -2.1% |
| 2022 | 16.4% | +21.8% |
| 2023 | 18.0% | +9.4% |
| 2024 | 18.9% | +5.5% |
| 2025 | 18.4% | -2.9% |
Philippines compared with similar countries
- Philippines's 18.4% is below the median for upper middle income countries, which is 26.5%, 69% of the median. (57 countries reporting)
- Philippines's 18.4% is below the median for East Asia & Pacific, which is 26.5%, 69% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.4% | 7.1% | 7.8% | 3 |
| 1980s | 9.0% | 7.8% | 10.9% | 10 |
| 1990s | 17.0% | 9.9% | 31.1% | 10 |
| 2000s | 13.3% | 12.7% | 14.0% | 10 |
| 2010s | 16.1% | 13.2% | 18.8% | 10 |
| 2020s | 16.5% | 13.5% | 18.9% | 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0043 units per US$ of GDP (2025)
Frequently asked questions
- What is trade in services in Philippines?
- Trade in services in Philippines was 18.4% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Philippines?
- The highest recorded value was 31.1% in 1997.
- What is the lowest trade in services recorded in Philippines?
- The lowest recorded value was 7.1% in 1977.
- How does Philippines rank for trade in services?
- Philippines ranks 114th out of 200 countries with data for 2025.
- Is trade in services rising or falling in Philippines?
- Over the last ten years it is up 7.0%. The long-run trend across the full record is rising.
- Where does this Philippines data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.