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Philippines — GDP growth
GDP Growth (Annual %) for Philippines, 1961–2025.
Latest value · 2025
4.40%
GDP Growth (Annual %) · annual % · -22.7% since 1961
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%.
Key figures
Latest (2025)
4.40%
First (1961)
5.70%
Change
-22.7%
Highest
8.78%
in 1973
Lowest
-9.52%
in 2020
Average
4.32%
Annual growth (CAGR)
-0.40%
Years of data
65
Recent years
| Year | annual % |
|---|---|
| 2025 | 4.4% |
| 2024 | 5.71% |
| 2023 | 5.52% |
| 2022 | 7.58% |
| 2021 | 5.71% |
| 2020 | -9.52% |
| 2019 | 6.12% |
| 2018 | 6.34% |
| 2017 | 6.93% |
| 2016 | 7.15% |
| 2015 | 6.35% |
| 2014 | 6.35% |
Reading this correctly. Annual percentage growth rate of GDP at constant market prices. A negative value means the economy contracted that year. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
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.