The Gross Domestic Product (GDP) in Philippines was worth 376.80 billion US dollars in 2019, according to official data from the World Bank. The GDP value of Philippines represents 0.31 percent of the world economy. source: World Bank

GDP in Philippines averaged 89.19 USD Billion from 1960 until 2019, reaching an all time high of 376.80 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 March of 2021.

GDP in Philippines is expected to reach 360.00 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 373.00 USD Billion in 2021 and 379.00 USD Billion in 2022, according to our econometric models.

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Philippines GDP

Actual Previous Highest Lowest Dates Unit Frequency
376.80 346.84 376.80 4.40 1960 - 2019 USD Billion Yearly
Current USD

Philippines GDP Last Previous Highest Lowest Unit
GDP Growth Rate 5.60 8.00 8.00 -14.90 percent [+]
GDP Annual Growth Rate -8.30 -11.40 12.40 -16.90 percent [+]
GDP 376.80 346.84 376.80 4.40 USD Billion [+]
GDP Constant Prices 4825185.00 4141589.00 5260227.94 487413.68 PHP Million [+]
Gross National Product 4782915.81 4644991.71 5166622.67 944320.00 PHP Million [+]
Gross Fixed Capital Formation 1029629.31 828760.44 1072932.66 163357.69 PHP Million [+]
GDP per capita 3337.70 3190.80 3337.70 1100.00 USD [+]
GDP per capita PPP 8908.20 8516.10 8908.20 4006.70 USD [+]
GDP From Agriculture 519641.00 404988.00 519641.00 114778.44 PHP Million [+]
GDP From Construction 326571.00 23906.00 3089208.00 23906.00 PHP Million [+]
GDP From Manufacturing 974013.00 686319.00 974013.00 252377.26 PHP Million [+]
GDP From Mining 30929.00 24796.00 43890.00 10394.10 PHP Million [+]
GDP From Public Administration 249426.00 212911.00 255111.00 43289.41 PHP Million [+]
GDP From Services 2830158.00 2626277.00 2830158.00 675416.60 PHP Million [+]
GDP From Transport 135648.00 118961.00 168036.00 34827.71 PHP Million [+]
GDP From Utilities 143873.00 167303.00 167303.00 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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