Philippines Annual GDP Growth Table
Source: WorldbankGrowth | Growth Capita
In 2024, Philippines experienced a significant an increase in its GDP growth rate, which rise to 5.692% from 5.519% in 2023. Additionally, the GDP per capita growth rate in Philippines increase to 4.823% in 2024, compared to 4.668% in 2023.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 5.695% | 5.70% | 2.389% | 2.39% |
| 1962 | 4.846% | -0.85% | 1.563% | -0.83% |
| 1963 | 7.016% | 2.17% | 3.698% | 2.14% |
| 1964 | 3.402% | -3.61% | 0.238% | -3.46% |
| 1965 | 5.345% | 1.94% | 2.173% | 1.94% |
| 1966 | 4.441% | -0.90% | 1.36% | -0.81% |
| 1967 | 5.223% | 0.78% | 2.171% | 0.81% |
| 1968 | 5.038% | -0.19% | 2.041% | -0.13% |
| 1969 | 4.689% | -0.35% | 1.77% | -0.27% |
| 1970 | 3.692% | -1.00% | 1.043% | -0.73% |
| 1971 | 5.389% | 1.70% | 2.936% | 1.89% |
| 1972 | 5.43% | 0.04% | 3.05% | 0.11% |
| 1973 | 8.782% | 3.35% | 6.391% | 3.34% |
| 1974 | 3.395% | -5.39% | 1.184% | -5.21% |
| 1975 | 5.451% | 2.06% | 3.082% | 1.90% |
| 1976 | 8.778% | 3.33% | 6.057% | 2.98% |
| 1977 | 5.563% | -3.22% | 2.788% | -3.27% |
| 1978 | 5.192% | -0.37% | 2.406% | -0.38% |
| 1979 | 5.596% | 0.40% | 2.817% | 0.41% |
| 1980 | 5.201% | -0.40% | 2.493% | -0.32% |
| 1981 | 3.422% | -1.78% | 0.763% | -1.73% |
| 1982 | 3.698% | 0.28% | 0.867% | 0.10% |
| 1983 | 1.897% | -1.80% | -1.029% | -1.90% |
| 1984 | -7.039% | -8.94% | -9.689% | -8.66% |
| 1985 | -6.858% | 0.18% | -9.367% | 0.32% |
| 1986 | 3.511% | 10.37% | 0.894% | 10.26% |
| 1987 | 4.362% | 0.85% | 1.648% | 0.75% |
| 1988 | 6.697% | 2.34% | 3.872% | 2.22% |
| 1989 | 6.184% | -0.51% | 3.539% | -0.33% |
| 1990 | 3.083% | -3.10% | 0.476% | -3.06% |
| 1991 | -0.436% | -3.52% | -2.799% | -3.28% |
| 1992 | 0.418% | 0.85% | -1.934% | 0.87% |
| 1993 | 2.182% | 1.76% | -0.246% | 1.69% |
| 1994 | 4.374% | 2.19% | 2.122% | 2.37% |
| 1995 | 4.625% | 0.25% | 2.361% | 0.24% |
| 1996 | 5.86% | 1.24% | 3.45% | 1.09% |
| 1997 | 5.186% | -0.67% | 2.741% | -0.71% |
| 1998 | -0.514% | -5.70% | -2.985% | -5.73% |
| 1999 | 3.346% | 3.86% | 0.738% | 3.72% |
| 2000 | 4.383% | 1.04% | 1.928% | 1.19% |
| 2001 | 3.049% | -1.33% | 0.801% | -1.13% |
| 2002 | 3.716% | 0.67% | 1.634% | 0.83% |
| 2003 | 5.087% | 1.37% | 3.024% | 1.39% |
| 2004 | 6.569% | 1.48% | 4.518% | 1.49% |
| 2005 | 4.943% | -1.63% | 3.009% | -1.51% |
| 2006 | 5.316% | 0.37% | 3.56% | 0.55% |
| 2007 | 6.519% | 1.20% | 4.688% | 1.13% |
| 2008 | 4.344% | -2.18% | 2.517% | -2.17% |
| 2009 | 1.448% | -2.90% | -0.363% | -2.88% |
| 2010 | 7.334% | 5.89% | 5.159% | 5.52% |
| 2011 | 3.858% | -3.48% | 1.838% | -3.32% |
| 2012 | 6.897% | 3.04% | 4.841% | 3.00% |
| 2013 | 6.751% | -0.15% | 4.763% | -0.08% |
| 2014 | 6.348% | -0.40% | 4.615% | -0.15% |
| 2015 | 6.348% | 0.00% | 4.787% | 0.17% |
| 2016 | 7.149% | 0.80% | 5.721% | 0.93% |
| 2017 | 6.931% | -0.22% | 5.562% | -0.16% |
| 2018 | 6.341% | -0.59% | 5.034% | -0.53% |
| 2019 | 6.119% | -0.22% | 4.836% | -0.20% |
| 2020 | -9.518% | -15.64% | -10.549% | -15.39% |
| 2021 | 5.715% | 15.23% | 4.762% | 15.31% |
| 2022 | 7.581% | 1.87% | 6.766% | 2.00% |
| 2023 | 5.519% | -2.06% | 4.668% | -2.10% |
| 2024 | 5.692% | 0.17% | 4.823% | 0.16% |