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Philippines Full Year GDP GrowthPP

Philippines Full Year GDP Growth

5.6%R
As of Jan 30, 2025
%
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PHFYGDPG chart



Key data points


Last release
Jan 30, 2025
Observation period
2024
Next release
—
Forecast
—
Highest
7.60 % on Dec 31, 2022
Lowest
−9.50 % on Dec 31, 2020

About Philippines Full Year GDP Growth


Category
GDP
Source
Statistics Authority
Frequency
Annual
Units
%
Services are the biggest sector of the Philippine economy and account for 57 percent of total GDP. Within services the most important segments are: trade, repair of motor vehicles and household goods (17 percent of total GDP); real estate, renting and business activities (11 percent); transport, storage and communication (8 percent); financial services (7 percent) and public administration, defense and social security (4 percent). Industry accounts for 31 percent of GDP. Within industry, manufacturing (22 percent of total GDP) and construction (5 percent) are the most important. Agriculture contributes the remaining 12 percent of GDP.

Philippines Full Year GDP Growth reports history



Philippines in figures — see more economic indicators tied to PHFYGDPG.
PHFYGDPG
R
Full Year GDP Growth
5.6%
PHGDP
R
GDP
437.15 BUSD
PHGDPA
R
GDP From Agriculture
456.66 BPHP
PHGDPC
R
GDP From Construction
322.47 BPHP
PHGDPCP
R
Real GDP
5.48 TPHP
PHGDPMAN
R
GDP From Manufacturing
1.08 TPHP
PHGDPMIN
R
GDP From Mining
44.28 BPHP
PHGDPPA
R
GDP From Public Administration
225.26 BPHP
PHGDPPC
R
GDP Per Capita
3.75 KUSD
PHGDPPCP
R
GDP Per Capita PPP
9.9 KUSD
PHGDPQQ
R
GDP Growth Rate
1.2%
PHGDPS
R
GDP From Services
3.4 TPHP
PHGDPT
R
GDP From Transport
226.09 BPHP
PHGDPU
R
GDP From Utilities
172.1 BPHP
PHGDPYY
R
GDP Growth
5.4%
PHGFCF
R
Gross Fixed Capital Formation
1.19 TPHP
PHGNP
R
Gross National Product
6.55 TPHP