Philippines — GDP growth
GDP Growth (Annual %) for Philippines, 1961–2025.
GDP growth for Philippines was 4.40% in 2025, according to the latest World Bank data. The series covers 65 years, from 1961 to 2025. The highest recorded value was 8.78% in 1973. The lowest was -9.52% in 2020 (about -2.2× the latest value). Across that span the compound annual growth rate works out to -0.40% per year.
Philippines ranks 67 of 212 economies on this measure (1 = highest), putting it in the top 32%. The median for East Asia & Pacific is 3.62%, so Philippines sits above it. It peaked in 1973 and has fallen 50% since. Over the last decade (2015–2025) the figure moved down 31%. Within East Asia & Pacific it ranks 15 of 36 economies; Kiribati (4.22%) is just below it. Its sharpest one-year move was up 751% in 1999. That is 7% below this series' own ten-year average.
Data highlights
World ranking. Slipped: 38th of 107 in 1961 → 82nd of 119 in 1970 → 52nd of 152 in 1980 → 95th of 176 in 1990 → 93rd of 199 in 2000 → 41st of 209 in 2010 → 171st of 209 in 2020 → 60th of 186 in 2025.
Key figures
Full history — 1961 to 2025
| Year | annual % | Change |
|---|---|---|
| 2025 | 4.4% | -1.3 pp |
| 2024 | 5.71% | +0.2 pp |
| 2023 | 5.52% | -2.1 pp |
| 2022 | 7.58% | +1.9 pp |
| 2021 | 5.71% | +15.2 pp |
| 2020 | -9.52% | -15.6 pp |
| 2019 | 6.12% | -0.2 pp |
| 2018 | 6.34% | -0.6 pp |
| 2017 | 6.93% | -0.2 pp |
| 2016 | 7.15% | +0.8 pp |
| 2015 | 6.35% | +0.0 pp |
| 2014 | 6.35% | -0.4 pp |
| 2013 | 6.75% | -0.1 pp |
| 2012 | 6.9% | +3.0 pp |
| 2011 | 3.86% | -3.5 pp |
| 2010 | 7.33% | +5.9 pp |
| 2009 | 1.45% | -2.9 pp |
| 2008 | 4.34% | -2.2 pp |
| 2007 | 6.52% | +1.2 pp |
| 2006 | 5.32% | +0.4 pp |
| 2005 | 4.94% | -1.6 pp |
| 2004 | 6.57% | +1.5 pp |
| 2003 | 5.09% | +1.4 pp |
| 2002 | 3.72% | +0.7 pp |
| 2001 | 3.05% | -1.3 pp |
| 2000 | 4.38% | +1.0 pp |
| 1999 | 3.35% | +3.9 pp |
| 1998 | -0.51% | -5.7 pp |
| 1997 | 5.19% | -0.7 pp |
| 1996 | 5.86% | +1.2 pp |
| 1995 | 4.63% | +0.3 pp |
| 1994 | 4.37% | +2.2 pp |
| 1993 | 2.18% | +1.8 pp |
| 1992 | 0.42% | +0.9 pp |
| 1991 | -0.44% | -3.5 pp |
| 1990 | 3.08% | -3.1 pp |
| 1989 | 6.18% | -0.5 pp |
| 1988 | 6.7% | +2.3 pp |
| 1987 | 4.36% | +0.9 pp |
| 1986 | 3.51% | +10.4 pp |
| 1985 | -6.86% | +0.2 pp |
| 1984 | -7.04% | -8.9 pp |
| 1983 | 1.9% | -1.8 pp |
| 1982 | 3.7% | +0.3 pp |
| 1981 | 3.42% | -1.8 pp |
| 1980 | 5.2% | -0.4 pp |
| 1979 | 5.6% | +0.4 pp |
| 1978 | 5.19% | -0.4 pp |
| 1977 | 5.56% | -3.2 pp |
| 1976 | 8.78% | +3.3 pp |
| 1975 | 5.45% | +2.1 pp |
| 1974 | 3.39% | -5.4 pp |
| 1973 | 8.78% | +3.4 pp |
| 1972 | 5.43% | +0.0 pp |
| 1971 | 5.39% | +1.7 pp |
| 1970 | 3.69% | -1.0 pp |
| 1969 | 4.69% | -0.3 pp |
| 1968 | 5.04% | -0.2 pp |
| 1967 | 5.22% | +0.8 pp |
| 1966 | 4.44% | -0.9 pp |
| 1965 | 5.35% | +1.9 pp |
| 1964 | 3.4% | -3.6 pp |
| 1963 | 7.02% | +2.2 pp |
| 1962 | 4.85% | -0.8 pp |
| 1961 | 5.7% | — |
Frequently asked questions
What was Philippines’s GDP growth in 1962?
4.85% (1962). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Philippines’s GDP growth growing or shrinking?
Between 1961 and 2025 the series was shrinking overall: -22.7% in total — about 0.4% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator NY.GDP.MKTP.KD.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 4.4%; 2024: 5.71%; 2023: 5.52%; 2022: 7.58%; 2021: 5.71%. Earlier years are in the full-history table below.
Related data
NY.GDP.MKTP.KD.ZG — GDP Growth (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.