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

The Philippines GDP expanded 1.3 percent quarter-on-quarter in the September quarter of 2017, following an upwardly revised 2.0 percent growth in the June quarter. The figure came below market estimates of a 1.6 percent expansion, as the services and the industry sectors grew at slower paces while the agriculture contracted. 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 Grows 1.3% QoQ in Q3


The Philippines GDP expanded 1.3 percent quarter-on-quarter in the September quarter of 2017, following an upwardly revised 2.0 percent growth in the June quarter. The figure came below market estimates of a 1.6 percent expansion, as the services and the industry sectors grew at slower paces while the agriculture contracted.

In the third quarter, the services sector rose 1.5 percent, slower than a 1.9 percent rise in the June quarter. Also, the industry sector went up 1.4 percent, easing from a 2.4  percent expansion in the previous three months. Meantime, the agriculture, hunting, forestry and fishing contracted by 0.8 percent, after a 1.6 percent increase in Q2.

Year-on-year, the economy expanded an annual 6.9 percent, following an upwardly revised 6.7 percent expansion in the previous quarters and above  consensus of a 6.5 percent growth. It was the strongest growth since the September quarter 2016.

PSA l Rida Husna | rida@tradingeconomics.com
11/16/2017 3:34:04 AM



Calendar GMT Actual Previous Consensus TEForecast
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 1.3% 2.0% 1.6% 1.5%


Philippines GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.30 2.00 3.40 -2.30 percent [+]
GDP Annual Growth Rate 6.90 6.70 12.40 -11.10 percent [+]
GDP 304.90 292.80 304.90 4.40 USD Billion [+]
GDP Constant Prices 2088429.00 22222797.00 22222797.00 825496.00 PHP Million [+]
Gross National Product 2611601.00 2582445.00 2611601.00 944320.00 PHP Million [+]
Gross Fixed Capital Formation 594576.21 579458.90 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 134824.00 147239.00 175802.17 114778.44 PHP Million [+]
GDP From Construction 204575.00 241419.00 241419.00 85502.67 PHP Million [+]
GDP From Manufacturing 468185.00 497777.00 536166.91 252377.26 PHP Million [+]
GDP From Mining 16868.00 29930.00 30306.94 10394.10 PHP Million [+]
Gdp From Public Administration 81979.00 94740.00 94740.00 43289.41 PHP Million [+]
Gdp From Services 1229016.00 1292066.00 1292066.00 675416.60 PHP Million [+]
GDP From Transport 57377.76 76024.16 76024.16 34827.71 PHP Million [+]
GDP From Utilities 78792.32 71442.39 78792.32 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 2.00 3.40 -2.30 1998 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
Indonesia 3.18 Sep/17
United States 3.00 Sep/17
Turkey 2.10 Jun/17
China 1.70 Sep/17
India 1.40 Jun/17
South Korea 1.40 Sep/17
Canada 1.10 Jun/17
Russia 1.08 Jun/17
Australia 0.80 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Euro Area 0.60 Sep/17
France 0.50 Sep/17
Italy 0.50 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Japan 0.30 Sep/17
Switzerland 0.30 Jun/17
Brazil 0.20 Jun/17
Mexico -0.20 Sep/17