GDP Growth Rate in Philippines is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Philippines to stand at 1.60 in 12 months time. In the long-term, the Philippines GDP Growth Rate is projected to trend around 1.20 percent in 2020, according to our econometric models.


Forecast Data Chart
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Philippines GDP Last Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 1.4 1.3 1.5 1.7 1.6 1.2
GDP Annual Growth Rate 6.1 6.7 6.5 6.6 6.8 6.6
GDP 314 321 325 325 325 330
GDP Constant Prices 2221343 2423078 2279557 2512193 2372394 2761228
Gross National Product 2784498 2739969 2869781 2909026 2973844 3122342
Gross Fixed Capital Formation 704050 707470 721686 741326 751926 806200
GDP per capita 2891 2970 3063 3063 3063 3170
GDP per capita PPP 7599 7627 7900 7900 7900 8400
GDP From Agriculture 163797 185849 166866 185830 174935 211784
GDP From Construction 232897 236150 208337 277587 248733 269106
GDP From Manufacturing 430229 598967 566568 559948 459485 682555
GDP From Mining 17207 18387 21991 30117 18377 20953
GDP From Public Administration 96479 95708 88504 116869 103040 109064
GDP From Services 1316267 1359761 1295733 1472021 1405773 1549522
GDP From Transport 146883 65739 75791 192108 156871 74913
GDP From Utilities 82731 69036 69377 79258 88357 78671