GDP at market prices (constant 2010 US$) in Philippines
Philippines: GDP at market prices (constant 2010 US$) was 454.72 billion constant 2010 US$ in 2024. ◆ Volatile
Latest (2024)
454.72 billion constant 2010 US$
Change on year
up 5.7%
World rank
31st
of 208 countries
All-time high
454.72 billion constant 2010 US$
in 2024
All-time low
50.74 billion constant 2010 US$
in 1970
Years of data
55
1970–2024
GDP at market prices in Philippines, 1970–2024
Source: UNESCO Institute for Statistics. Measured in constant 2010 US$.
Analysis
Philippines recorded 454.72 billion constant 2010 US$ for gdp at market prices in 2024. That is the highest value across all 55 years on record.
That represents a change of up 5.7% on the previous year and up 57.8% over ten years.
Over the whole period, gdp at market prices in Philippines peaked at 454.72 billion constant 2010 US$ in 2024 and was at its lowest, 50.74 billion constant 2010 US$, in 1970.
That places Philippines 31st out of 208 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP at market prices (constant 2010 US$) in Philippines, year by year
| Year | constant 2010 US$ | Change |
|---|---|---|
| 1970 | 50.74 billion constant 2010 US$ | — |
| 1971 | 53.47 billion constant 2010 US$ | +5.4% |
| 1972 | 56.38 billion constant 2010 US$ | +5.4% |
| 1973 | 61.33 billion constant 2010 US$ | +8.8% |
| 1974 | 63.41 billion constant 2010 US$ | +3.4% |
| 1975 | 66.87 billion constant 2010 US$ | +5.5% |
| 1976 | 72.74 billion constant 2010 US$ | +8.8% |
| 1977 | 76.78 billion constant 2010 US$ | +5.6% |
| 1978 | 80.77 billion constant 2010 US$ | +5.2% |
| 1979 | 85.29 billion constant 2010 US$ | +5.6% |
| 1980 | 89.72 billion constant 2010 US$ | +5.2% |
| 1981 | 92.80 billion constant 2010 US$ | +3.4% |
| 1982 | 96.23 billion constant 2010 US$ | +3.7% |
| 1983 | 98.05 billion constant 2010 US$ | +1.9% |
| 1984 | 91.15 billion constant 2010 US$ | -7.0% |
| 1985 | 84.90 billion constant 2010 US$ | -6.9% |
| 1986 | 87.88 billion constant 2010 US$ | +3.5% |
| 1987 | 91.71 billion constant 2010 US$ | +4.4% |
| 1988 | 97.85 billion constant 2010 US$ | +6.7% |
| 1989 | 103.91 billion constant 2010 US$ | +6.2% |
| 1990 | 107.11 billion constant 2010 US$ | +3.1% |
| 1991 | 106.64 billion constant 2010 US$ | -0.4% |
| 1992 | 107.09 billion constant 2010 US$ | +0.4% |
| 1993 | 109.42 billion constant 2010 US$ | +2.2% |
| 1994 | 114.21 billion constant 2010 US$ | +4.4% |
| 1995 | 119.49 billion constant 2010 US$ | +4.6% |
| 1996 | 126.49 billion constant 2010 US$ | +5.9% |
| 1997 | 133.06 billion constant 2010 US$ | +5.2% |
| 1998 | 132.37 billion constant 2010 US$ | -0.5% |
| 1999 | 136.80 billion constant 2010 US$ | +3.3% |
| 2000 | 142.80 billion constant 2010 US$ | +4.4% |
| 2001 | 147.15 billion constant 2010 US$ | +3.0% |
| 2002 | 152.62 billion constant 2010 US$ | +3.7% |
| 2003 | 160.38 billion constant 2010 US$ | +5.1% |
| 2004 | 170.92 billion constant 2010 US$ | +6.6% |
| 2005 | 179.37 billion constant 2010 US$ | +4.9% |
| 2006 | 188.90 billion constant 2010 US$ | +5.3% |
| 2007 | 201.22 billion constant 2010 US$ | +6.5% |
| 2008 | 209.96 billion constant 2010 US$ | +4.3% |
| 2009 | 213.00 billion constant 2010 US$ | +1.4% |
| 2010 | 228.62 billion constant 2010 US$ | +7.3% |
| 2011 | 237.44 billion constant 2010 US$ | +3.9% |
| 2012 | 253.82 billion constant 2010 US$ | +6.9% |
| 2013 | 270.95 billion constant 2010 US$ | +6.8% |
| 2014 | 288.15 billion constant 2010 US$ | +6.3% |
| 2015 | 306.45 billion constant 2010 US$ | +6.3% |
| 2016 | 328.36 billion constant 2010 US$ | +7.1% |
| 2017 | 351.11 billion constant 2010 US$ | +6.9% |
| 2018 | 373.38 billion constant 2010 US$ | +6.3% |
| 2019 | 396.22 billion constant 2010 US$ | +6.1% |
| 2020 | 358.51 billion constant 2010 US$ | -9.5% |
| 2021 | 379.00 billion constant 2010 US$ | +5.7% |
| 2022 | 407.73 billion constant 2010 US$ | +7.6% |
| 2023 | 430.23 billion constant 2010 US$ | +5.5% |
| 2024 | 454.72 billion constant 2010 US$ | +5.7% |
Philippines compared with similar countries
- Philippines's 454.72 billion constant 2010 US$ is above the median for upper middle income countries, which is 46.21 billion constant 2010 US$, 9.8× the median. (58 countries reporting)
- Philippines's 454.72 billion constant 2010 US$ is above the median for East Asia & Pacific, which is 16.27 billion constant 2010 US$, 28.0× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 66.78 billion constant 2010 US$ | 50.74 billion constant 2010 US$ | 85.29 billion constant 2010 US$ | 10 |
| 1980s | 93.42 billion constant 2010 US$ | 84.90 billion constant 2010 US$ | 103.91 billion constant 2010 US$ | 10 |
| 1990s | 119.27 billion constant 2010 US$ | 106.64 billion constant 2010 US$ | 136.80 billion constant 2010 US$ | 10 |
| 2000s | 176.63 billion constant 2010 US$ | 142.80 billion constant 2010 US$ | 213.00 billion constant 2010 US$ | 10 |
| 2010s | 303.45 billion constant 2010 US$ | 228.62 billion constant 2010 US$ | 396.22 billion constant 2010 US$ | 10 |
| 2020s | 406.04 billion constant 2010 US$ | 358.51 billion constant 2010 US$ | 454.72 billion constant 2010 US$ | 5 |
Countries ranked near Philippines
- 28 Egypt 482.19 billion constant 2010 US$ compare
- 29 Thailand 471.11 billion constant 2010 US$ compare
- 30 United Arab Emirates 462.40 billion constant 2010 US$ compare
- 32 Norway 443.94 billion constant 2010 US$ compare
- 33 Malaysia 422.01 billion constant 2010 US$ compare
- 34 Austria 418.19 billion constant 2010 US$ compare
More population data for Philippines
- Population regions with projections, annual growth rate -0.6532 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate 0.167 % change on previous year (2050)
- Population long run with projections, annual growth rate -0.6532 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.0898 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 157,892 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 1.32 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.6047 % change on previous year (2100)
- Population growth rate -0.655 (2100)
- Population density 383.08 (2100)
- Projected population under age 5 5.22 million (2100)
Frequently asked questions
- What is gdp at market prices in Philippines?
- Gdp at market prices in Philippines was 454.72 billion constant 2010 US$ in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp at market prices recorded in Philippines?
- The highest recorded value was 454.72 billion constant 2010 US$ in 2024.
- What is the lowest gdp at market prices recorded in Philippines?
- The lowest recorded value was 50.74 billion constant 2010 US$ in 1970.
- How does Philippines rank for gdp at market prices?
- Philippines ranks 31st out of 208 countries with data for 2024.
- Is gdp at market prices rising or falling in Philippines?
- Over the last ten years it is up 57.8%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP at market prices (constant 2010 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release