Value Added (Total Manufacturing) — Value US$, 2015 prices in Philippines

Philippines: Value Added (Total Manufacturing) — Value US$, 2015 prices was 80,296 million USD in 2023. ◆ Volatile

Latest (2023)
80,296 million USD
Change on year
up 1.3%
World rank
36th
of 236 countries
All-time high
80,296 million USD
in 2023
All-time low
12,394 million USD
in 1970
Years of data
54
1970–2023

Value Added (Total Manufacturing) — Value US$, 2015 prices in Philippines, 1970–2023

20.0k40.0k60.0k80.0k197019962023

Source: Food and Agriculture Organization of the United Nations. Measured in million USD.

Analysis

The most recent figure for value added (total manufacturing) — value us$, 2015 prices in Philippines is 80,296 million USD, measured in 2023. That is the highest value across all 54 years on record.

Compared with earlier readings it is up 1.3% on the previous year and up 48.9% over ten years.

Over the whole period, value added (total manufacturing) — value us$, 2015 prices in Philippines peaked at 80,296 million USD in 2023 and was at its lowest, 12,394 million USD, in 1970.

Philippines ranks 36th of 236 countries on this measure, in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Value Added (Total Manufacturing) — Value US$, 2015 prices in Philippines, year by year

Annual values for Value Added (Total Manufacturing) — Value US$, 2015 prices in Philippines, 1970 to 2023.
Year million USD Change
1970 12,394 million USD —
1971 13,218 million USD +6.6%
1972 13,953 million USD +5.6%
1973 16,084 million USD +15.3%
1974 16,503 million USD +2.6%
1975 16,691 million USD +1.1%
1976 17,514 million USD +4.9%
1977 18,594 million USD +6.2%
1978 19,857 million USD +6.8%
1979 20,656 million USD +4.0%
1980 21,464 million USD +3.9%
1981 21,732 million USD +1.2%
1982 21,981 million USD +1.1%
1983 21,629 million USD -1.6%
1984 19,763 million USD -8.6%
1985 19,247 million USD -2.6%
1986 19,626 million USD +2.0%
1987 20,621 million USD +5.1%
1988 22,572 million USD +9.5%
1989 23,590 million USD +4.5%
1990 24,116 million USD +2.2%
1991 24,302 million USD +0.8%
1992 23,852 million USD -1.9%
1993 23,958 million USD +0.4%
1994 24,995 million USD +4.3%
1995 26,554 million USD +6.2%
1996 27,892 million USD +5.0%
1997 28,807 million USD +3.3%
1998 28,510 million USD -1.0%
1999 29,285 million USD +2.7%
2000 33,416 million USD +14.1%
2001 34,316 million USD +2.7%
2002 35,607 million USD +3.8%
2003 37,057 million USD +4.1%
2004 38,584 million USD +4.1%
2005 41,070 million USD +6.4%
2006 42,236 million USD +2.8%
2007 43,454 million USD +2.9%
2008 45,706 million USD +5.2%
2009 43,738 million USD -4.3%
2010 47,050 million USD +7.6%
2011 48,807 million USD +3.7%
2012 51,578 million USD +5.7%
2013 53,940 million USD +4.6%
2014 58,064 million USD +7.6%
2015 61,069 million USD +5.2%
2016 65,247 million USD +6.8%
2017 70,488 million USD +8.0%
2018 74,115 million USD +5.1%
2019 76,922 million USD +3.8%
2020 69,398 million USD -9.8%
2021 75,562 million USD +8.9%
2022 79,232 million USD +4.9%
2023 80,296 million USD +1.3%

Philippines compared with similar countries

  • Philippines's 80,296 million USD is above the median for upper middle income countries, which is 4,090 million USD, 19.6× the median. (54 countries reporting)
  • Philippines's 80,296 million USD is above the median for East Asia & Pacific, which is 1,228 million USD, 65.4× the median. (28 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1970s 16,546 million USD 12,394 million USD 20,656 million USD 10
1980s 21,223 million USD 19,247 million USD 23,590 million USD 10
1990s 26,227 million USD 23,852 million USD 29,285 million USD 10
2000s 39,519 million USD 33,416 million USD 45,706 million USD 10
2010s 60,728 million USD 47,050 million USD 76,922 million USD 10
2020s 76,122 million USD 69,398 million USD 80,296 million USD 4

Countries ranked near Philippines

  1. 33 Sweden 81,618 million USD compare
  2. 34 Singapore 80,546 million USD compare
  3. 35 Iran (Islamic Republic of) 80,538 million USD compare
  4. 37 Austria 79,846 million USD compare
  5. 38 Australia 78,064 million USD compare
  6. 39 Caribbean 72,304 million USD compare

See the full ranking of 266 places →

More economy & growth data for Philippines

All data for Philippines →

Frequently asked questions

What is value added (total manufacturing) — value us$, 2015 prices in Philippines?
Value added (total manufacturing) — value us$, 2015 prices in Philippines was 80,296 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
What is the highest value added (total manufacturing) — value us$, 2015 prices recorded in Philippines?
The highest recorded value was 80,296 million USD in 2023.
What is the lowest value added (total manufacturing) — value us$, 2015 prices recorded in Philippines?
The lowest recorded value was 12,394 million USD in 1970.
How does Philippines rank for value added (total manufacturing) — value us$, 2015 prices?
Philippines ranks 36th out of 236 countries with data for 2023.
Is value added (total manufacturing) — value us$, 2015 prices rising or falling in Philippines?
Over the last ten years it is up 48.9%. The long-run trend across the full record is volatile.
Where does this Philippines data come from?
The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value US$, 2015 prices. Statizoid updates them automatically from the source API.

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Value Added (Total Manufacturing) — Value US$, 2015 prices in Philippines. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 28 September 2026, from https://economy.statizoid.com/stat/value-added-total-manufacturing-value-us-2015-prices/philippines/

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About this data

Indicator
Value Added (Total Manufacturing) — Value US$, 2015 prices
Unit
million USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
266 places, 13,170 data points, 1970–2023
Last refreshed

The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).