GDP (constant LCU) (UNESCO Institute) in Philippines
Philippines: GDP (constant LCU) (UNESCO Institute) was 22.24 trillion constant LCU in 2024. ◆ Volatile
Latest (2024)
22.24 trillion constant LCU
Change on year
up 5.7%
World rank
33rd
of 212 countries
All-time high
22.24 trillion constant LCU
in 2024
All-time low
2.48 trillion constant LCU
in 1970
Years of data
55
1970–2024
GDP in Philippines, 1970–2024
Source: UNESCO Institute for Statistics. Measured in constant LCU.
Analysis
Philippines recorded 22.24 trillion constant LCU for gdp in 2024. That is the highest value across all 55 years on record.
The figure is up 5.7% on the previous year and up 57.8% over ten years.
Over the whole period, gdp in Philippines peaked at 22.24 trillion constant LCU in 2024 and was at its lowest, 2.48 trillion constant LCU, in 1970.
Philippines ranks 33rd of 212 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (constant LCU) (UNESCO Institute) in Philippines, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | 2.48 trillion constant LCU | — |
| 1971 | 2.62 trillion constant LCU | +5.4% |
| 1972 | 2.76 trillion constant LCU | +5.4% |
| 1973 | 3.00 trillion constant LCU | +8.8% |
| 1974 | 3.10 trillion constant LCU | +3.4% |
| 1975 | 3.27 trillion constant LCU | +5.5% |
| 1976 | 3.56 trillion constant LCU | +8.8% |
| 1977 | 3.76 trillion constant LCU | +5.6% |
| 1978 | 3.95 trillion constant LCU | +5.2% |
| 1979 | 4.17 trillion constant LCU | +5.6% |
| 1980 | 4.39 trillion constant LCU | +5.2% |
| 1981 | 4.54 trillion constant LCU | +3.4% |
| 1982 | 4.71 trillion constant LCU | +3.7% |
| 1983 | 4.80 trillion constant LCU | +1.9% |
| 1984 | 4.46 trillion constant LCU | -7.0% |
| 1985 | 4.15 trillion constant LCU | -6.9% |
| 1986 | 4.30 trillion constant LCU | +3.5% |
| 1987 | 4.49 trillion constant LCU | +4.4% |
| 1988 | 4.79 trillion constant LCU | +6.7% |
| 1989 | 5.08 trillion constant LCU | +6.2% |
| 1990 | 5.24 trillion constant LCU | +3.1% |
| 1991 | 5.22 trillion constant LCU | -0.4% |
| 1992 | 5.24 trillion constant LCU | +0.4% |
| 1993 | 5.35 trillion constant LCU | +2.2% |
| 1994 | 5.59 trillion constant LCU | +4.4% |
| 1995 | 5.85 trillion constant LCU | +4.6% |
| 1996 | 6.19 trillion constant LCU | +5.9% |
| 1997 | 6.51 trillion constant LCU | +5.2% |
| 1998 | 6.48 trillion constant LCU | -0.5% |
| 1999 | 6.69 trillion constant LCU | +3.3% |
| 2000 | 6.99 trillion constant LCU | +4.4% |
| 2001 | 7.20 trillion constant LCU | +3.0% |
| 2002 | 7.47 trillion constant LCU | +3.7% |
| 2003 | 7.85 trillion constant LCU | +5.1% |
| 2004 | 8.36 trillion constant LCU | +6.6% |
| 2005 | 8.77 trillion constant LCU | +4.9% |
| 2006 | 9.24 trillion constant LCU | +5.3% |
| 2007 | 9.84 trillion constant LCU | +6.5% |
| 2008 | 10.27 trillion constant LCU | +4.3% |
| 2009 | 10.42 trillion constant LCU | +1.4% |
| 2010 | 11.18 trillion constant LCU | +7.3% |
| 2011 | 11.62 trillion constant LCU | +3.9% |
| 2012 | 12.42 trillion constant LCU | +6.9% |
| 2013 | 13.25 trillion constant LCU | +6.7% |
| 2014 | 14.10 trillion constant LCU | +6.3% |
| 2015 | 14.99 trillion constant LCU | +6.3% |
| 2016 | 16.06 trillion constant LCU | +7.1% |
| 2017 | 17.18 trillion constant LCU | +6.9% |
| 2018 | 18.27 trillion constant LCU | +6.3% |
| 2019 | 19.38 trillion constant LCU | +6.1% |
| 2020 | 17.54 trillion constant LCU | -9.5% |
| 2021 | 18.54 trillion constant LCU | +5.7% |
| 2022 | 19.95 trillion constant LCU | +7.6% |
| 2023 | 21.05 trillion constant LCU | +5.5% |
| 2024 | 22.24 trillion constant LCU | +5.7% |
Philippines compared with similar countries
- Philippines's 22.24 trillion constant LCU is above the median for upper middle income countries, which is 563.52 billion constant LCU, 39.5× the median. (58 countries reporting)
- Philippines's 22.24 trillion constant LCU is above the median for East Asia & Pacific, which is 380.88 billion constant LCU, 58.4× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.27 trillion constant LCU | 2.48 trillion constant LCU | 4.17 trillion constant LCU | 10 |
| 1980s | 4.57 trillion constant LCU | 4.15 trillion constant LCU | 5.08 trillion constant LCU | 10 |
| 1990s | 5.83 trillion constant LCU | 5.22 trillion constant LCU | 6.69 trillion constant LCU | 10 |
| 2000s | 8.64 trillion constant LCU | 6.99 trillion constant LCU | 10.42 trillion constant LCU | 10 |
| 2010s | 14.84 trillion constant LCU | 11.18 trillion constant LCU | 19.38 trillion constant LCU | 10 |
| 2020s | 19.86 trillion constant LCU | 17.54 trillion constant LCU | 22.24 trillion constant LCU | 5 |
Countries ranked near Philippines
- 30 Mexico 25.44 trillion constant LCU compare
- 31 Madagascar 24.05 trillion constant LCU compare
- 32 United States 23.30 trillion constant LCU compare
- 34 Democratic Republic of Congo 17.26 trillion constant LCU compare
- 35 Kazakhstan 17.09 trillion constant LCU compare
- 36 Senegal 16.49 trillion constant LCU 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 in Philippines?
- Gdp in Philippines was 22.24 trillion constant LCU in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp recorded in Philippines?
- The highest recorded value was 22.24 trillion constant LCU in 2024.
- What is the lowest gdp recorded in Philippines?
- The lowest recorded value was 2.48 trillion constant LCU in 1970.
- How does Philippines rank for gdp?
- Philippines ranks 33rd out of 212 countries with data for 2024.
- Is gdp 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 (constant LCU). 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