Value Added (Total Manufacturing) — Value US$ in Philippines
Philippines: Value Added (Total Manufacturing) — Value US$ was 70,896 million USD in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value US$ in Philippines, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2023, value added (total manufacturing) — value us$ in Philippines stood at 70,896 million USD. That is the highest value across all 54 years on record.
That represents a change of up 1.8% on the previous year and up 22.2% over ten years.
Over the whole period, value added (total manufacturing) — value us$ in Philippines peaked at 70,896 million USD in 2023 and was at its lowest, 2,072 million USD, in 1970.
That places Philippines 35th out of 220 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4,713 million USD | 2,072 million USD | 8,575 million USD | 10 |
| 1980s | 10,656 million USD | 9,091 million USD | 13,151 million USD | 10 |
| 1990s | 18,427 million USD | 13,679 million USD | 23,558 million USD | 10 |
| 2000s | 27,986 million USD | 19,976 million USD | 42,262 million USD | 10 |
| 2010s | 59,515 million USD | 45,673 million USD | 69,774 million USD | 10 |
| 2020s | 68,490 million USD | 63,879 million USD | 70,896 million USD | 4 |
Countries ranked near Philippines
More economy & growth data for Philippines
- External balance on goods and services as a percent of gdp -13.69 (2025)
- Inflation of consumer prices 1.66 (2025)
- Gdp per capita worldbank constant usd 4,066 (2025)
- Manufacturing value added to gdp 15.33 (2025)
- Gdp worldbank constant usd 474.84 billion (2025)
- Gdp per capita in international and market dollars 4,066 (2025)
- DEC alternative conversion factor 57.51 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.79 trillion current LCU (2024)
- Net secondary income (Net current transfers from abroad) 31.17 billion current US$ (2024)
- Net primary income (Net income from abroad) 4.19 trillion current LCU (2025)
Frequently asked questions
- What is value added (total manufacturing) — value us$ in Philippines?
- Value added (total manufacturing) — value us$ in Philippines was 70,896 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$ recorded in Philippines?
- The highest recorded value was 70,896 million USD in 2023.
- What is the lowest value added (total manufacturing) — value us$ recorded in Philippines?
- The lowest recorded value was 2,072 million USD in 1970.
- How does Philippines rank for value added (total manufacturing) — value us$?
- Philippines ranks 35th out of 220 countries with data for 2023.
- Is value added (total manufacturing) — value us$ rising or falling in Philippines?
- Over the last ten years it is up 22.2%. 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$. Statizoid updates them automatically from the source API.
Download this data
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About this data
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).