GDP growth in Philippines
Philippines: GDP growth was 5.7% in 2024. β Volatile
GDP growth in Philippines, 1970β2024
Source: UNESCO Institute for Statistics. Measured in annual %.
Analysis
The most recent figure for gdp growth in Philippines is 5.7%, measured in 2024.
That represents a change of up 3.1% on the previous year and down 10.3% over ten years.
Over the whole period, gdp growth in Philippines peaked at 8.8% in 1973 and was at its lowest, -9.5%, in 2020.
That places Philippines 28th out of 209 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.7% | 3.4% | 8.8% | 10 |
| 1980s | 2.1% | -7.0% | 6.7% | 10 |
| 1990s | 2.8% | -0.5% | 5.9% | 10 |
| 2000s | 4.5% | 1.4% | 6.6% | 10 |
| 2010s | 6.4% | 3.9% | 7.3% | 10 |
| 2020s | 3.0% | -9.5% | 7.6% | 5 |
Countries ranked near Philippines
More population data for Philippines
- Population growth rate by level of development -0.655 (2100)
- Projected population under age 5 5.22 million (2100)
- Population density 383.08 (2100)
- Population growth rate -0.655 (2100)
- Fertility and wanted fertility 1.89 (2024)
- Refugee population by country or territory of asylum 962 (2024)
- Fertility vs unmet contraception 1.89 (2024)
- Fertility vs contraception 1.89 (2024)
- Natural population growth 0.9783 (2023)
- Fertility rate with projections 1.92 (2023)
Frequently asked questions
- What is gdp growth in Philippines?
- Gdp growth in Philippines was 5.7% in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp growth recorded in Philippines?
- The highest recorded value was 8.8% in 1973.
- What is the lowest gdp growth recorded in Philippines?
- The lowest recorded value was -9.5% in 2020.
- How does Philippines rank for gdp growth?
- Philippines ranks 28th out of 209 countries with data for 2024.
- Is gdp growth rising or falling in Philippines?
- Over the last ten years it is down 10.3%. 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 growth (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release