Philippines GDP Annual Growth Rate: 5.8% (2024)

GROSS DOMESTIC PRODUCT (ANNUAL RATE OF GROWTH)

Real GDP in Philippines is estimated to be $455 Billion US dollars at the end of 2024.

The economy of Philippines has grown at an average annual growth rate of 6.1% in the last four years and is ranked the 14th largest economy in Asia-Pacific, ahead of Malaysia.

World Economics Rates Philippines's Offical GDP Data as Grade B

GDP Annual Growth Rate: Philippines


Source: World Bank, World Economics
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Economic Indicators: Philippines 2021 2022 2023 2024
GDP Annual Growth Rate (%) 5.7 7.6 5.5 5.8
GDP per Capita Annual Growth Rate (%) 4.8 6.8 4.7 5.7
Real GDP (US$ Billions, 2010) 379 408 430 455
Real GDP per Capita (US$, 2010) 3,351 3,578 3,746 3,960
Current GDP (Billions, US$) 394 404 437 462
Current GDP per Capita (US$) 3,484 3,548 3,805 4,023
Real GDP PPP (Billions, 2017) 1,002 1,084 1,144 1,210
Real GDP per Capita PPP (int$ 2017) 8,301 8,723 9,044 9,631
Data Quality Rating for Philippines See how much you can trust Philippines's GDP Data




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PHILIPPINES'S ECONOMICS
PHILIPPINES'S DEMOGRAPHY
PHILIPPINES'S ENVIRONMENT, SOCIAL & GOVERNANCE
PUBLIC SOURCE & RELATED DATA

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