Philippines GDP Annual Growth Rate: 5.0% (2023)

GROSS DOMESTIC PRODUCT (ANNUAL RATE OF GROWTH)

Real GDP in Philippines is estimated to be $422 Billion US dollars at the end of 2023.

The economy of Philippines has grown at an average annual growth rate of 1.9% 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 C

GDP Annual Growth Rate: Philippines


Source: World Bank, World Economics
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Economic Indicators: Philippines 2020 2021 2022 2023
GDP Annual Growth Rate (%) -9.5 5.7 6.5 5.0
GDP per Capita Annual Growth Rate (%) -11.0 4.1 6.5 5.0
Real GDP (US$ Billions, 2010) 359 379 398 422
Real GDP per Capita (US$, 2010) 3,196 3,328 3,495 3,705
Current GDP (Billions, US$) 362 394 414 439
Current GDP per Capita (US$) 3,224 3,461 3,634 3,853
Real GDP PPP (Billions, 2017) 872 922 981 1,031
Real GDP per Capita PPP (int$ 2017) 7,958 8,301 8,723 9,044
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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