Philippines GDP Growth Rate - Forecast

GDP Growth Rate in Philippines is expected to be 1.60 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 1.70 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 Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 1.3 1.6 1.3 1.5 1.7 1.2
GDP Annual Growth Rate 6 6.5 6.7 6.5 6.6 6.6
GDP 314 321 321 325 325 330
GDP Constant Prices 2352509 2256822 2293489 2279557 2507775 2613555
Gross National Product 2728917 2713576 2739969 2869781 2909026 3122342
Gross Fixed Capital Formation 695414 624010 707470 722073 741311 806200
GDP per capita 2891 2970 2970 3063 3063 3170
GDP per capita PPP 7599 7627 7627 7900 7900 8400
GDP From Agriculture 146315 138275 185849 166866 155972 211784
GDP From Construction 260401 209542 236150 208337 277587 269106
GDP From Manufacturing 525944 486589 598967 566568 560657 682555
GDP From Mining 28252 17968 18387 21991 30117 20953
Gdp From Public Administration 109633 84547 95708 88504 116869 109064
Gdp From Services 1378389 1271232 1359761 1295733 1469363 1549522
GDP From Transport 80303 59730 65739 75791 85603 74913
GDP From Utilities 74430 81371 69036 69377 79342 78671