Philippines GDP Growth Rate  1998-2017 | Data | Chart | Calendar

The Philippines GDP advanced 1.7 percent quarter-on-quarter in the three months to June 2017, stronger than an upwardly revised 1.3 percent growth in the March quarter 2017. The figure came in above markets estimates of a 1.6 percent expansion, as services and industry rose at faster paces. GDP Growth Rate in Philippines averaged 1.22 percent from 1998 until 2017, reaching an all time high of 3.40 percent in the first quarter of 2010 and a record low of -2.30 percent in the first quarter of 2009.

Philippines GDP Growth Rate
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Philippines Economy Expands 1.7% QoQ In Q2


The Philippines GDP expanded 1.7 percent quarter-on-quarter in the three months to June 2017, stronger than an upwardly revised 1.3 percent growth in the March quarter 2017. The figure came in above markets estimates of a 1.6 percent expansion, as services and industry rose at faster paces.

In the first quarter 2017, the services sector rose 1.5 percent, higher than 1.4 percent in the March quarter 2017. The industry sector went up 2.1 percent, faster than a 0.9  percent expansion in the previous three months. The agriculture, hunting, forestry and fishing increased 1.6 percent, after expanding 2.1 percent in the first quarter.
 
Year-on-year, the economy grew an annual 6.5 percent, following a 6.4 percent expansion in the previous quarters and above market consensus of a 6.2 percent growth.

PSA | Chusnul Ch Manan | chusnul@tradingeconomics.com
8/17/2017 2:14:34 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-01-26 02:30 AM GDP Growth Rate QoQ 1.7% 1.5% 1.6% 1.40%
2017-05-18 02:00 AM GDP Growth Rate QoQ 1.1% 1.8% 1.5% 1.4%
2017-08-17 02:00 AM GDP Growth Rate QoQ 1.7% 1.3% 1.6% 1.6%
2017-11-16 02:00 AM GDP Growth Rate QoQ 1.7% 1.4%


Philippines GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.70 1.30 3.40 -2.30 percent [+]
GDP Annual Growth Rate 6.50 6.40 12.40 -11.10 percent [+]
GDP 304.90 292.80 304.90 4.40 USD Billion [+]
GDP Constant Prices 2146176.00 2109266.00 2146176.00 825496.00 PHP Million [+]
Gross National Product 2582445.00 2522142.00 2582445.00 944320.00 PHP Million [+]
Gross Fixed Capital Formation 579458.90 625577.04 625577.04 163357.69 PHP Million [+]
GDP per capita 2753.30 2615.70 2753.30 1059.30 USD [+]
GDP per capita PPP 7236.50 6874.60 7236.50 3796.90 USD [+]
GDP From Agriculture 146054.68 153592.30 175802.17 114778.44 PHP Million [+]
GDP From Construction 240706.14 181395.89 240706.14 85502.67 PHP Million [+]
GDP From Manufacturing 497590.14 493824.30 536166.91 252377.26 PHP Million [+]
GDP From Mining 30228.10 19317.17 30306.94 10394.10 PHP Million [+]
Gdp From Public Administration 94748.36 73500.67 94748.36 43289.41 PHP Million [+]
Gdp From Services 1288680.00 1139914.00 1288680.00 675416.60 PHP Million [+]
GDP From Transport 76024.16 66800.07 76024.16 34827.71 PHP Million [+]
GDP From Utilities 71442.39 60903.40 76246.22 42117.43 PHP Million [+]


Philippines GDP Growth Rate

The Philippines has a status of emerging economy. In recent years, the country has been steadily growing mainly due to inflow of foreign direct investment and remittances. The Philippines is the world’s largest center for business process outsourcing. The country also has a strong industrial sector based on the manufacturing of electronics and other high-tech components for overseas corporations. The Philippines is rich in natural resources; it has significant reserves of chromite, nickel, copper, coal and oil. This page provides - Philippines GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.70 1.30 3.40 -2.30 1998 - 2017 percent Quarterly




gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 3.00 Jun/17
Turkey 2.10 Jun/17
China 1.70 Jun/17
India 1.50 Mar/17
Netherlands 1.50 Jun/17
Canada 1.10 Jun/17
Spain 0.90 Jun/17
Australia 0.80 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Japan 0.60 Jun/17
Mexico 0.60 Jun/17
South Korea 0.60 Jun/17
France 0.50 Jun/17
Italy 0.40 Jun/17
Switzerland 0.30 Jun/17
United Kingdom 0.30 Jun/17
Brazil 0.20 Jun/17
Russia -0.57 Sep/15