Thursday, October 22

Economic growth in Philippines

Source: World Bank — World Development Indicators, 1961 – 2025

Economic growth, 1961 – 2025 percent · Philippines

Source: World Bank — World Development Indicators, 1961 – 2025

Compared with Economic growth · percent
Philippines
4.4%
World
2.9%

Source: World Bank — World Development Indicators

The series at a glance Philippines · 1961 – 2025
Latest value 4.4% · 2025
First value 5.7% · 1961
Highest 8.8% · 1973
Lowest -9.5% · 2020
Data points 65

By year

All years · 1961 – 2025

YearPhilippinesChange World
2025 4.4% 2.9%
2024 5.7% 2.9%
2023 5.5% 2.9%
2022 7.6% 3.4%
2021 5.7% 6.5%
2020 -9.5% -2.9%
2019 6.1% 2.7%
2018 6.3% 3.3%
2017 6.9% 3.4%
2016 7.1% 2.8%
2015 6.3% 3.1%
2014 6.3% 3.2%
2013 6.8% 2.9%
2012 6.9% 2.7%
2011 3.9% 3.3%
2010 7.3% 4.5%
2009 1.4% -1.3%
2008 4.3% 2.1%
2007 6.5% 4.4%
2006 5.3% 4.5%
2005 4.9% 4.1%
2004 6.6% 4.5%
2003 5.1% 3.1%
2002 3.7% 2.3%
2001 3.0% 2.0%
2000 4.4% 4.6%
1999 3.3% 3.6%
1998 -0.5% 2.8%
1997 5.2% 4.0%
1996 5.9% 3.6%
1995 4.6% 3.2%
1994 4.4% 3.4%
1993 2.2% 1.9%
1992 0.4% 2.1%
1991 -0.4% 1.2%
1990 3.1% 2.7%
1989 6.2% 3.6%
1988 6.7% 4.5%
1987 4.4% 3.8%
1986 3.5% 3.3%
1985 -6.9% 3.7%
1984 -7.0% 4.7%
1983 1.9% 2.6%
1982 3.7% 0.4%
1981 3.4% 1.9%
1980 5.2% 1.8%
1979 5.6% 4.1%
1978 5.2% 4.1%
1977 5.6% 3.9%
1976 8.8% 5.2%
1975 5.5% 0.8%
1974 3.4% 2.0%
1973 8.8% 6.5%
1972 5.4% 5.5%
1971 5.4% 4.1%
1970 3.7% 3.8%
1969 4.7% 6.0%
1968 5.0% 5.9%
1967 5.2% 3.7%
1966 4.4% 5.4%
1965 5.3% 5.6%
1964 3.4% 6.6%
1963 7.0% 5.0%
1962 4.8% 5.3%
1961 5.7% 3.9%

Source: World Bank — World Development Indicators, 1961 – 2025

Ranking · Countries

2017 · Place 1 is the highest value.

#TerritoryEconomic growth
33 Algeria 1.5%
22 Argentina 2.8%
6 Bangladesh 6.6%
37 Brazil 1.3%
25 Bulgaria 2.7%
19 Canada 3.0%
36 Chile 1.4%
4 China 6.9%
35 Colombia 1.4%
42 Congo - Brazzaville -5.6%
13 Congo - Kinshasa 4.2%
8 Czechia 5.2%
7 Ecuador 6.0%
14 Egypt 4.2%
17 Finland 3.3%
29 France 2.1%
40 Gabon 0.5%
23 Germany 2.8%
34 Greece 1.5%
11 Honduras 4.8%
15 Hong Kong SAR China 3.8%
5 India 6.8%
10 Indonesia 5.1%
32 Italy 1.6%
39 Lebanon 0.9%
28 Liberia 2.5%
12 Lithuania 4.6%
30 Mexico 1.9%
24 Netherlands 2.8%
26 Norway 2.7%
3 Philippines 6.9%
9 Poland 5.2%
1 Romania 8.2%
31 Russia 1.8%
38 Saudi Arabia 1.2%
18 Sierra Leone 3.2%
16 South Korea 3.4%
21 Spain 2.9%
2 Türkiye 7.8%
20 United Kingdom 3.0%
27 United States 2.5%
41 Yemen -5.1%

Source: World Bank — World Development Indicators, 2017

What it means

How much the economy grew or shrank compared with the year before.

How it is calculated

Change in GDP at constant prices (inflation removed) from the previous year, in percent.