The Gross Domestic Product (GDP) in Philippines was worth 355.50 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Philippines represents 0.29 percent of the world economy.

GDP in Philippines averaged 86.17 USD Billion from 1960 until 2019, reaching an all time high of 355.50 USD Billion in 2019 and a record low of 4.40 USD Billion in 1962. This page provides - Philippines GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines GDP - values, historical data and charts - was last updated on May of 2020. source: World Bank

GDP in Philippines is expected to reach 375.00 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines GDP is projected to trend around 390.00 USD Billion in 2021 and 420.00 USD Billion in 2022, according to our econometric models.

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Philippines GDP

Actual Previous Highest Lowest Dates Unit Frequency
355.50 330.91 355.50 4.40 1960 - 2019 USD Billion Yearly
Current USD

Philippines GDP Last Previous Highest Lowest Unit
GDP Growth Rate -5.10 1.80 3.40 -5.10 percent [+]
GDP Annual Growth Rate -0.20 6.70 12.40 -11.10 percent [+]
GDP 355.50 330.91 355.50 4.40 USD Billion [+]
GDP Constant Prices 4450941.41 2654444.00 4450941.41 487413.68 PHP Million [+]
Gross National Product 5166622.67 2975936.04 5166622.67 944320.00 PHP Million [+]
Gross Fixed Capital Formation 1072932.66 762295.69 1072932.66 163357.69 PHP Million [+]
GDP per capita 3022.00 2884.40 3022.00 1059.50 USD [+]
GDP per capita PPP 7942.50 7580.80 7942.50 3800.10 USD [+]
GDP From Agriculture 185007.00 139918.00 185007.00 114778.44 PHP Million [+]
GDP From Construction 625980.07 302777.00 625980.07 85502.67 PHP Million [+]
GDP From Manufacturing 877543.97 622014.00 877543.97 252377.26 PHP Million [+]
GDP From Mining 35248.70 19734.00 35248.70 10394.10 PHP Million [+]
GDP From Public Administration 190728.67 125406.00 190728.67 43289.41 PHP Million [+]
GDP From Services 1515057.00 1404048.00 1515057.00 675416.60 PHP Million [+]
GDP From Transport 68310.82 67804.54 84765.58 34827.71 PHP Million [+]
GDP From Utilities 136407.28 76382.00 136407.28 42117.43 PHP Million [+]


Philippines GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
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