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

The Philippines GDP advanced 1.5 percent quarter-on-quarter in in the three months to March of 2018, the same pace as in the previous quarter but below market estimates of a 1.8 percent growth. It remained the weakest quarterly expansion since the first quarter of 2017. 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 1.5% QoQ in Q1


The Philippines GDP advanced 1.5 percent quarter-on-quarter in in the three months to March of 2018, the same pace as in the previous quarter but below market estimates of a 1.8 percent growth. It remained the weakest quarterly expansion since the first quarter of 2017.

In the first quarter, output of the services sector grew by 1.9 percent (from 1.5 percent in the December quarter) and that of the industry sector went up 1.1 percent (from 2 percent). Meantime, the agriculture, hunting, forestry and fishing rose by 0.8 percent, recovering from  a 0.1 percent decline in the preceding quarter.

Year-on-year, the economy expanded by 6.8 percent, compared to a downwardly revised 6.5 percent  growth in the previous quarter. 


PSA l Rida | rida@tradingeconomics.com
5/10/2018 3:45:40 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-11-16 02:00 AM GDP Growth Rate QoQ 1.3% 2.0% 1.6% 1.5%
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 1.5% 1.40%
2018-11-08 02:00 AM GDP Growth Rate QoQ 1.70%
2019-01-24 02:00 AM GDP Growth Rate QoQ 1.30%


Philippines GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.50 1.50 3.40 -2.30 percent [+]
GDP Annual Growth Rate 6.80 6.50 12.40 -11.10 percent [+]
GDP 304.90 292.80 304.90 4.40 USD Billion [+]
GDP Constant Prices 2253539.00 2219148.00 2253539.00 825496.00 PHP Million [+]
Gross National Product 2694630.00 2651155.00 2694630.00 944320.00 PHP Million [+]
Gross Fixed Capital Formation 678002.38 684538.04 684538.04 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 157444.22 179824.38 179824.38 114778.44 PHP Million [+]
GDP From Construction 195843.19 228495.42 230724.23 85502.67 PHP Million [+]
GDP From Manufacturing 533765.45 579551.71 579551.71 252377.26 PHP Million [+]
GDP From Mining 20186.99 17791.42 31708.83 10394.10 PHP Million [+]
Gdp From Public Administration 83102.42 92605.37 95341.97 43289.41 PHP Million [+]
Gdp From Services 1219503.00 1315686.00 1315686.00 675416.60 PHP Million [+]
GDP From Transport 70380.05 63607.67 75979.58 34827.71 PHP Million [+]
GDP From Utilities 64856.80 66798.64 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 June of 2018.

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




GDP growth rate by Country
Country Last
United States 2.20 Mar/18
Turkey 2.00 Mar/18
India 1.90 Mar/18
China 1.40 Mar/18
Mexico 1.10 Mar/18
Australia 1.00 Mar/18
South Korea 1.00 Mar/18
Spain 0.70 Mar/18
Switzerland 0.60 Mar/18
Netherlands 0.50 Mar/18
Brazil 0.40 Mar/18
Euro Area 0.40 Mar/18
Canada 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
France 0.20 Mar/18
United Kingdom 0.10 Mar/18
Japan -0.20 Mar/18
Russia -0.38 Dec/17
Indonesia -0.42 Mar/18


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