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Philippines real GDPPhilippines real GDPPhilippines real GDP

Philippines real GDP

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PHGDPCP chart


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Key data points


Last release
—
Observation period
Q3 2024
Next release
—
Forecast
—
Highest
‪5.88 T‬ PHP on Dec 31, 2023
Lowest
‪1.65 T‬ PHP on Mar 31, 2000

About Philippines real GDP


Category
GDP
Source
Statistics Authority
Frequency
Quarterly
Units
PHP

Related indicators


PHFYGDPG
Full Year GDP Growth
PHGDP
GDP
PHGDPA
GDP From Agriculture
PHGDPC
GDP From Construction
PHGDPMAN
GDP From Manufacturing
PHGDPMIN
GDP From Mining
PHGDPPA
GDP From Public Administration
PHGDPPC
GDP Per Capita
PHGDPPCP
GDP Per Capita PPP
PHGDPQQ
GDP Growth Rate
PHGDPS
GDP From Services
PHGDPT
GDP From Transport
PHGDPU
GDP From Utilities
PHGDPYY
GDP Growth
PHGFCF
Gross Fixed Capital Formation
PHGNP
Gross National Product

Frequently Asked Questions


Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. Then nominal GDP (GDP adjusted for inflation) is divided by this deflator, yielding real GDP. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
Last quarter Philippines real GDP was 5.32 T PHP, and the quarter before that it reached 5.54 T PHP.