Philippines GDP: $455 Billion

GROSS DOMESTIC PRODUCT (CONSTANT PRICES: 2015)

Philippines GDP Forecast: $455 Billion in 2024, $482.9 Billion projected for 2025 (Constant 2015 Prices).

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

Looking ahead to 2025, projections suggest Philippines's 2025 GDP estimate could be $482.9 Billion. This Philippines GDP growth forecast for 2024 and 2025 reflects an estimated growth rate of 6.1%.

The economy of Philippines has grown at an average annual growth rate of 11.2% in the last four years and is ranked the 14th largest economy in Asia-Pacific, ahead of Malaysia.

See the full Philippines data sheet covering Economics, Demographics and ESG

Real GDP (US$): Philippines


Source: World Bank, World Economics
Notes: 2015 Constant Prices
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Economic Indicators: Philippines 2021 2022 2023 2024
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
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
Data Quality Rating for Philippines See how much you can trust Philippines's GDP Data





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