Philippines GDP Growth Rate  1998-2018 | Data | Chart | Calendar

The Philippines GDP advanced 1.3 percent quarter-on-quarter in in the three months to June of 2018, following a 1.5 percent growth in the previous quarter. It was the weakest quarterly expansion since the September quarter 2015, mainly due to a slowdown in the services and industry sectors. GDP Growth Rate in Philippines averaged 1.24 percent from 1998 until 2018, 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 1.3% QoQ in Q2


The Philippines GDP advanced 1.3 percent quarter-on-quarter in in the three months to June of 2018, following a 1.5 percent growth in the previous quarter. It was the weakest quarterly expansion since the September quarter 2015, mainly due to a slowdown in the services and industry sectors.

In the second quarter, output rose at a softer pace for the services sector (1.6 percent from 1.4 percent in the March quarter); and the industry (1 percent from 1.8 percent). Meantime, the agriculture, hunting, forestry and fishing  grew by 1.5 percent, after a 0.5 percent increase in the previous quarter.
Year-on-year, the economy grew by 6 percent, compared to a downwardly revised 6.6 percent  growth in the first quarter. It was the slowest pace of expansion since the June quarter 2015. 


Rida | rida@tradingeconomics.com
8/9/2018 10:06:59 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-01-23 02:00 AM GDP Growth Rate QoQ 1.5% 1.7% 1.8% 1.5%
2018-05-10 02:00 AM GDP Growth Rate QoQ 1.5% 1.5% 1.8% 1.70%
2018-08-09 02:00 AM GDP Growth Rate QoQ 1.3% 1.5% 1.4%
2018-11-08 02:00 AM GDP Growth Rate QoQ 1.3% 1.6%
2019-01-24 02:00 AM GDP Growth Rate QoQ 1.3%


Philippines GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.30 1.50 3.40 -2.30 percent [+]
GDP Annual Growth Rate 6.00 6.60 12.40 -11.10 percent [+]
GDP 313.60 304.90 313.60 4.40 USD Billion [+]
GDP Constant Prices 2352509.00 2140429.00 2352509.00 825496.00 PHP Million [+]
Gross National Product 2728917.00 2694630.00 2728917.00 944320.00 PHP Million [+]
Gross Fixed Capital Formation 695414.08 678002.38 695414.08 163357.69 PHP Million [+]
GDP per capita 2891.36 2752.10 2891.36 1059.30 USD [+]
GDP per capita PPP 7599.19 7233.20 7599.19 3796.90 USD [+]
GDP From Agriculture 146315.01 156681.59 179824.38 114778.44 PHP Million [+]
GDP From Construction 260401.00 195622.00 260401.00 85502.67 PHP Million [+]
GDP From Manufacturing 525944.46 531989.16 579551.71 252377.26 PHP Million [+]
GDP From Mining 28252.08 20648.40 31708.83 10394.10 PHP Million [+]
Gdp From Public Administration 109633.48 83102.42 109633.48 43289.41 PHP Million [+]
Gdp From Services 1378389.00 1216651.00 1378389.00 675416.60 PHP Million [+]
GDP From Transport 80303.47 71164.85 80303.47 34827.71 PHP Million [+]
GDP From Utilities 74429.53 65142.50 78809.73 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 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.50 3.40 -2.30 1998 - 2018 percent Quarterly




GDP growth rate by Country
Country Last
Indonesia 4.21 Jun/18
United States 4.20 Jun/18
India 1.90 Mar/18
China 1.80 Jun/18
Australia 0.90 Jun/18
Turkey 0.90 Jun/18
Russia 0.85 Mar/18
Netherlands 0.80 Jun/18
Canada 0.70 Jun/18
Japan 0.70 Jun/18
Switzerland 0.70 Jun/18
Singapore 0.60 Jun/18
South Korea 0.60 Jun/18
Spain 0.60 Jun/18
Germany 0.50 Jun/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Brazil 0.20 Jun/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Saudi Arabia -0.05 Mar/18
Mexico -0.20 Jun/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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