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Philippines GDP Annual Growth Rate: 5.8%

GROSS DOMESTIC PRODUCT (ANNUAL RATE OF GROWTH, 2024)

Philippines GDP Forecast: 5.8% in 2024, 6.1% projected for 2025.

Based on a 5-year average, Philippines is estimated to grow by an average compound annual growth rate of 6.1% through to 2030.

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GDP Annual Growth Rate (%):


Source: World Bank, World Economics
0 0 0 Philippines|#FE1800|7.01626518416583, 3.40249443571273, 5.34508932932236, 4.4411585340256, 5.22268758922664, 5.03815939692956, 4.68947344100819, 3.69248748654796, 5.38900841621259, 5.43038749392343, 8.78200912237088, 3.39460637850206, 5.45110286965478, 8.77840333051334, 5.56297025151267, 5.19238453027808, 5.59557107591131, 5.20071107911187, 3.42220873753665, 3.69840609851109, 1.89695178959097, -7.0393782012259, -6.85837720864683, 3.51068403005506, 4.36180967277697, 6.69693110468185, 6.18391820283388, 3.08267252855887, -0.436390080533428, 0.417629066097945, 2.181889985613, 4.37366591819077, 4.62522511739661, 5.8603478716379, 5.18641167406164, -0.514090599541888, 3.34645118398267, 4.38250483347254, 3.04923150985866, 3.71625500158383, 5.08691113513073, 6.56922851180626, 4.94250511877678, 5.31641682136939, 6.51929155018938, 4.34448730509183, 1.44832306275669, 7.33449996514402, 3.85823282420755, 6.89695170786769, 6.75053130394746, 6.3479874802974, 6.34830971539886, 7.14945675286656, 6.93098832521766, 6.34148557098946, 6.11852566118505, -9.5182947406494, 5.71473313426225, 7.58098212785563, 5.54585117087767, 5.754 1963, 1964, 1965, 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1974, 1975, 1976, 1977, 1978, 1979, 1980, 1981, 1982, 1983, 1984, 1985, 1986, 1987, 1988, 1989, 1990, 1991, 1992, 1993, 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024,



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Key Indicators for Philippines

Comprehensive economic data including GDP, growth rates, debt levels, and population figures

Indicator Value Year See more
GDP Data Quality Rating    C 2025 View
Population Data Quality Rating    C 2025 View
Governance Rating    C 2025 View
       
GDP (PPP)
Base Year Adjusted + Informal Economy		 $1,824bn 2025 View
GDP (Current / Nominal Prices) $491bn 2025 View
GDP (Constant Prices / Real) $483bn 2025 View
GDP Growth Rate 6.1% 2025 View
GDP Debt to GDP Ratio 41.1% 2025 View
       
GDP per Capita (PPP)
Base Year Adjusted + Informal Economy		 $16,915 2025 View
GDP per Capita (Current / Nominal) $4,235 2025 View
GDP per Capita (Constant / Real) $4,169 2025 View
GDP per Capita Growth Rate 5.3% 2025 View
       
Population Size 115.72 million 2025 View
Fertility Rate 1.6% 2025 View
Workforce Size 45.93 million 2025 View
       
Carbon Emissions (per Capita) 1.35 tCO2e 2023 View
Methane Emissions (per Capita) 0.83 tCO2e 2023 View
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PHILIPPINES'S ECONOMICS
PHILIPPINES'S DEMOGRAPHY
PHILIPPINES'S ENVIRONMENT, SOCIAL & GOVERNANCE
PUBLIC SOURCE & RELATED DATA

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