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GDP Growth in Philippines

Source: World Bank, National Statistical Office, IMF estimates (Oct 2020)
Last Updated: Feb 8, 2021

Philippines's GDP growth amounted to 6.04 % in 2019 according to the the National Statistical Office. This is 0.2999999999999998 % less than in the previous year (6.34 %).

Historically, GDP growth in Philippines reached an all time high of 8.92 % in 1973 and an all time low of -7.32 % in 1984. When compared to Philippines's main peers, GDP growth in China amounted to 6.11 %, 5.03 % in Indonesia, 2.71 % in Taiwan and 7.02 % in Vietnam in 2019.

Philippines has been ranked 20th within the group of 174 countries we follow in terms of GDP growth, 55 places above the position seen 10 years ago.

Annual percentage growth rate of the whole economy at market prices based on a constant local currency.


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