GDP Growth Rate
Year -
5.69%
In 2024, Philippines experienced a significant an increase in its GDP growth rate, which rise to 5.69% from 5.52% in 2023. Additionally, the GDP per capita growth rate in Philippines increase to 4.82% in 2024, compared to 4.67% in 2023.
In 2024, Philippines experienced a increase in economic performance, with the GDP growth rate rising by 0.17%. Additionally, the GDP per capita growth rate increase by 0.15%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 5.7% | 5.70% | 2.39% | 2.39% |
| 1962 | 4.85% | -0.85% | 1.56% | -0.83% |
| 1963 | 7.02% | 2.17% | 3.7% | 2.14% |
| 1964 | 3.4% | -3.62% | 0.24% | -3.46% |
| 1965 | 5.35% | 1.95% | 2.17% | 1.93% |
| 1966 | 4.44% | -0.91% | 1.36% | -0.81% |
| 1967 | 5.22% | 0.78% | 2.17% | 0.81% |
| 1968 | 5.04% | -0.18% | 2.04% | -0.13% |
| 1969 | 4.69% | -0.35% | 1.77% | -0.27% |
| 1970 | 3.69% | -1.00% | 1.04% | -0.73% |
| 1971 | 5.39% | 1.70% | 2.94% | 1.90% |
| 1972 | 5.43% | 0.04% | 3.05% | 0.11% |
| 1973 | 8.78% | 3.35% | 6.39% | 3.34% |
| 1974 | 3.39% | -5.39% | 1.18% | -5.21% |
| 1975 | 5.45% | 2.06% | 3.08% | 1.90% |
| 1976 | 8.78% | 3.33% | 6.06% | 2.98% |
| 1977 | 5.56% | -3.22% | 2.79% | -3.27% |
| 1978 | 5.19% | -0.37% | 2.41% | -0.38% |
| 1979 | 5.6% | 0.41% | 2.82% | 0.41% |
| 1980 | 5.2% | -0.40% | 2.49% | -0.33% |
| 1981 | 3.42% | -1.78% | 0.76% | -1.73% |
| 1982 | 3.7% | 0.28% | 0.87% | 0.11% |
| 1983 | 1.9% | -1.80% | -1.03% | -1.90% |
| 1984 | -7.04% | -8.94% | -9.69% | -8.66% |
| 1985 | -6.86% | 0.18% | -9.37% | 0.32% |
| 1986 | 3.51% | 10.37% | 0.89% | 10.26% |
| 1987 | 4.36% | 0.85% | 1.65% | 0.76% |
| 1988 | 6.7% | 2.34% | 3.87% | 2.22% |
| 1989 | 6.18% | -0.52% | 3.54% | -0.33% |
| 1990 | 3.08% | -3.10% | 0.48% | -3.06% |
| 1991 | -0.44% | -3.52% | -2.8% | -3.28% |
| 1992 | 0.42% | 0.86% | -1.93% | 0.87% |
| 1993 | 2.18% | 1.76% | -0.25% | 1.68% |
| 1994 | 4.37% | 2.19% | 2.12% | 2.37% |
| 1995 | 4.63% | 0.26% | 2.36% | 0.24% |
| 1996 | 5.86% | 1.23% | 3.45% | 1.09% |
| 1997 | 5.19% | -0.67% | 2.74% | -0.71% |
| 1998 | -0.51% | -5.70% | -2.98% | -5.72% |
| 1999 | 3.35% | 3.86% | 0.74% | 3.72% |
| 2000 | 4.38% | 1.03% | 1.93% | 1.19% |
| 2001 | 3.05% | -1.33% | 0.8% | -1.13% |
| 2002 | 3.72% | 0.67% | 1.63% | 0.83% |
| 2003 | 5.09% | 1.37% | 3.02% | 1.39% |
| 2004 | 6.57% | 1.48% | 4.52% | 1.50% |
| 2005 | 4.94% | -1.63% | 3.01% | -1.51% |
| 2006 | 5.32% | 0.38% | 3.56% | 0.55% |
| 2007 | 6.52% | 1.20% | 4.69% | 1.13% |
| 2008 | 4.34% | -2.18% | 2.52% | -2.17% |
| 2009 | 1.45% | -2.89% | -0.36% | -2.88% |
| 2010 | 7.33% | 5.88% | 5.16% | 5.52% |
| 2011 | 3.86% | -3.47% | 1.84% | -3.32% |
| 2012 | 6.9% | 3.04% | 4.84% | 3.00% |
| 2013 | 6.75% | -0.15% | 4.76% | -0.08% |
| 2014 | 6.35% | -0.40% | 4.62% | -0.14% |
| 2015 | 6.35% | 0.00% | 4.79% | 0.17% |
| 2016 | 7.15% | 0.80% | 5.72% | 0.93% |
| 2017 | 6.93% | -0.22% | 5.56% | -0.16% |
| 2018 | 6.34% | -0.59% | 5.03% | -0.53% |
| 2019 | 6.12% | -0.22% | 4.84% | -0.19% |
| 2020 | -9.52% | -15.64% | -10.55% | -15.39% |
| 2021 | 5.71% | 15.23% | 4.76% | 15.31% |
| 2022 | 7.58% | 1.87% | 6.77% | 2.01% |
| 2023 | 5.52% | -2.06% | 4.67% | -2.10% |
| 2024 | 5.69% | 0.17% | 4.82% | 0.15% |