Philippines GDP per Capita

1950 - 2022 | Yearly | USD | CEIC Data

Key information about Philippines GDP Per Capita

  • Philippines Gross Domestic Product (GDP) per Capita reached 3,623.316 USD in Dec 2022, compared with 3,576.145 USD in Dec 2021.
  • Philippines GDP Per Capita data is updated yearly, available from Dec 1950 to Dec 2022, with an average number of 759.190 USD.
  • The data reached an all-time high of 3,623.316 USD in Dec 2022 and a record low of 177.167 in Dec 1962.
  • CEIC converts annual GDP per Capita into USD. Philippine Statistics Authority provides GDP per Capita in local currency. Bangko Sentral ng Pilipinas average market exchange rate is used for currency conversions. GDP per Capita prior to 2000 is based on old classification of data. GDP per Capita prior to 1998 is calculated from Nominal GDP sourced from Philippine Statistics Authority and Population sourced from the International Monetary Fund.


Related information about Philippines GDP Per Capita data

  • In the latest reports, Philippines GDP expanded 7.147 % YoY in Dec 2022.
  • Philippines Nominal GDP reached 112.472 USD bn in Dec 2022.
  • Its GDP deflator (implicit price deflator) increased 6.304 % in Dec 2022.
  • Gross Savings Rate of Philippines was measured at 10.806 % in Dec 2022.

View Philippines's GDP per Capita from 1950 to 2022 in the chart:

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Philippines GDP per Capita
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Philippines GDP per Capita

What was Philippines's GDP per Capita in 2022?

Philippines Gross Domestic Product (GDP) per Capita reached 3,623.316 USD in Dec 2022, compared with 3,576.145 USD in Dec 2021. See the table below for more data.

Last Previous Min Max Unit Frequency Range
3,623.316 2022 3,576.145 2021 177.167 1962 3,623.316 2022 USD yearly 1950 - 2022

GDP per Capita by Country Comparison

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country/region Last Frequency Range
Albania (USD) 6,376.075 2021 yearly 1984 - 2021
Algeria (USD) 3,630.400 2021 yearly 1963 - 2021
Argentina (USD) 13,659.387 2022 yearly 1962 - 2022
Armenia (USD) 6,572.248 2022 yearly 1994 - 2022
Australia (USD) 65,005.795 2022 yearly 1960 - 2022
Austria (USD) 53,660.663 2021 yearly 1957 - 2021
Azerbaijan (USD) 7,126.200 2023 yearly 1990 - 2023
Bahrain (USD) 26,120.615 2021 yearly 1981 - 2021
Bangladesh (USD) 2,687.000 2022 yearly 1960 - 2022
Belarus (USD) 7,489.734 2021 yearly 1995 - 2021
Belgium (USD) 49,392.667 2022 yearly 1957 - 2022
Bolivia (USD) 3,137.990 2020 yearly 1960 - 2020
Bosnia and Herzegovina (USD) 6,976.000 2022 yearly 2000 - 2022
Botswana (USD) 7,830.671 2021 yearly 1994 - 2021
Brazil (USD) 7,732.460 2021 yearly 1962 - 2021
Brunei (USD) 37,452.922 2022 yearly 1965 - 2022
Bulgaria (USD) 12,291.055 2021 yearly 1985 - 2021
Cambodia (USD) 1,765.488 2022 yearly 1993 - 2022
Canada (USD) 54,104.301 2022 yearly 1971 - 2022
Chile (USD) 15,158.291 2022 yearly 1960 - 2022
China (USD) 12,621.721 2023 yearly 1957 - 2023
Colombia (USD) 6,239.274 2021 yearly 1960 - 2021
Croatia (USD) 2,178.494 2021 yearly 1996 - 2021
Cyprus (USD) 31,114.992 2022 yearly 1995 - 2022
Czech Republic (USD) 27,566.510 2022 yearly 1990 - 2022
Denmark (USD) 67,743.599 2022 yearly 1966 - 2022
Ecuador (USD) 5,670.330 2020 yearly 1960 - 2020
Egypt (USD) 4,585.331 2022 yearly 1982 - 2022
Estonia (USD) 28,567.539 2022 yearly 1993 - 2022
European Union (USD) 38,454.191 2021 yearly 1999 - 2021
Finland (USD) 50,836.576 2022 yearly 1960 - 2022
France (USD) 43,359.790 2021 yearly 1957 - 2021
Georgia (USD) 5,023.229 2021 yearly 1993 - 2021
Germany (USD) 48,562.101 2022 yearly 1970 - 2022
Ghana (USD) 2,353.040 2022 yearly 1960 - 2022
Greece (USD) 20,192.496 2021 yearly 1960 - 2021
Hong Kong SAR, China (USD) 49,146.654 2022 yearly 1961 - 2022
Hungary (USD) 18,719.000 2021 yearly 1991 - 2021
Iceland (USD) 72,684.247 2022 yearly 1960 - 2022
India (USD) 2,301.418 2022 yearly 1958 - 2022
Indonesia (USD) 4,783.269 2022 yearly 2010 - 2022
Iran (USD) 11,556.954 2021 yearly 1960 - 2021
Ireland (USD) 85,376.592 2020 yearly 2000 - 2020
Israel (USD) 51,945.001 2023 yearly 1995 - 2023
Italy (USD) 35,643.132 2021 yearly 1957 - 2021
Ivory Coast (USD) 2,272.556 2022 yearly 1960 - 2022
Japan (USD) 33,911.210 2022 yearly 1957 - 2022
Jordan (USD) 4,142.967 2021 yearly 1957 - 2021
Kazakhstan (USD) 13,136.500 2023 yearly 1993 - 2023
Kenya (USD) 2,235.994 2021 yearly 2006 - 2021
South Korea (USD) 33,127.800 2023 yearly 1953 - 2023
Kosovo (USD) 5,305.641 2021 yearly 2000 - 2021
Kuwait (USD) 22,682.592 2020 yearly 1993 - 2020
Kyrgyzstan (USD) 1,295.430 2021 yearly 1994 - 2021
Laos (USD) 2,595.000 2021 yearly 1984 - 2021
Latvia (USD) 21,786.804 2022 yearly 1995 - 2022
Lebanon (USD) 9,300.837 2020 yearly 1997 - 2020
Lithuania (USD) 26,750.600 2022 yearly 1994 - 2022
Luxembourg (USD) 132,485.619 2021 yearly 1995 - 2021
Macau SAR, China (USD) 32,418.334 2022 yearly 1982 - 2022
North Macedonia (USD) 5,975.851 2020 yearly 1994 - 2020
Malawi (USD) 655.000 2021 yearly 1960 - 2021
Malaysia (USD) 12,471.769 2022 yearly 1957 - 2022
Malta (USD) 33,532.213 2022 yearly 2000 - 2022
Mauritius (USD) 10,134.349 2022 yearly 1976 - 2022
Mexico (USD) 10,934.885 2022 yearly 1993 - 2022
Moldova (USD) 5,235.158 2021 yearly 2010 - 2021
Mongolia (USD) 4,482.907 2021 yearly 1991 - 2021
Montenegro (USD) 9,464.241 2021 yearly 2000 - 2021
Morocco (USD) 3,934.243 2021 yearly 1960 - 2021
Mozambique (USD) 466.557 2020 yearly 1991 - 2020
Myanmar (USD) 1,318.623 2021 yearly 1985 - 2021
Nepal (USD) 1,399.011 2023 yearly 1960 - 2023
Netherlands (USD) 57,578.343 2021 yearly 1960 - 2021
New Zealand (USD) 47,056.382 2023 yearly 1961 - 2023
Nigeria (USD) 2,057.020 2021 yearly 1981 - 2021
Norway (USD) 89,114.684 2021 yearly 1915 - 2021
Oman (USD) 23,240.897 2022 yearly 1980 - 2022
Pakistan (USD) 1,551.180 2021 yearly 1960 - 2021
Palestinian Territory (USD) 3,800.000 2022 yearly 1994 - 2022
Panama (USD) 14,339.427 2016 yearly 1950 - 2016
Paraguay (USD) 5,743.267 2023 yearly 1950 - 2023
Peru (USD) 6,963.308 2022 yearly 1991 - 2022
Philippines (USD) 3,623.316 2022 yearly 1950 - 2022
Poland (USD) 18,221.636 2022 yearly 1965 - 2022
Portugal (USD) 27,830.492 2023 yearly 1960 - 2023
Qatar (USD) 65,274.725 2021 yearly 2000 - 2021
Romania (USD) 14,987.806 2021 yearly 1981 - 2021
Russia (USD) 12,593.146 2021 yearly 1992 - 2021
Saudi Arabia (USD) 34,441.065 2022 yearly 1963 - 2022
Serbia (USD) 9,520.800 2022 yearly 1995 - 2022
Singapore (USD) 84,714.000 2023 yearly 1960 - 2023
Slovakia (USD) 20,578.587 2022 yearly 1995 - 2022
Slovenia (USD) 29,458.000 2022 yearly 1980 - 2022
South Africa (USD) 6,667.325 2022 yearly 1957 - 2022
Spain (USD) 27,002.608 2020 yearly 1960 - 2020
Sri Lanka (USD) 3,833.000 2023 yearly 1959 - 2023
Sudan (USD) 2,825.832 2016 yearly 1970 - 2016
Sweden (USD) 52,838.491 2020 yearly 1957 - 2020
Switzerland (USD) 91,640.930 2021 yearly 1980 - 2021

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Philippines Key Series

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Includes 244 key indicators for Philippines, curated by CEIC analysts. Instant access to full history data in excel.
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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.2 Dec 2023 quarterly Dec 1985 - Dec 2023
Consolidated Fiscal Balance (USD mn) -2,937.257 Feb 2024 monthly Jan 1985 - Feb 2024
Tax Revenue (USD mn) 3,768.936 Feb 2024 monthly Jan 1985 - Feb 2024
Tax Revenue: % of GDP (%) 12.6 Dec 2023 quarterly Mar 1985 - Dec 2023
National Government Debt (USD mn) 270,146.1 Feb 2024 monthly Jan 1993 - Feb 2024
Government Debt: % of GDP (%) 60.1 Dec 2023 quarterly Mar 1993 - Dec 2023
Forecast: Government Expenditure (PHP bn) 9,083.350 2028 yearly 1989 - 2028
Forecast: Government Net Debt (PHP bn) 19,652.200 2028 yearly 1993 - 2028
Forecast: Government Revenue (PHP bn) 8,212.060 2028 yearly 1989 - 2028
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 11,686,039.000 Feb 2024 monthly Jan 2006 - Feb 2024
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 570,217.000 Feb 2024 monthly Jan 2006 - Feb 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -3,647.5 Feb 2024 monthly Jan 1957 - Feb 2024
Total Exports (USD mn) 5,905.9 Feb 2024 monthly Jan 1979 - Feb 2024
Total Exports Growth (%) 15.8 Feb 2024 monthly Jan 1980 - Feb 2024
Aluminum: Exports (USD th) 178,900.107 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 61,685.472 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 11,340.083 2022 yearly 1995 - 2022
Total Imports (USD mn) 9,553.4 Feb 2024 monthly Jan 1979 - Feb 2024
Total Imports Growth (%) 6.3 Feb 2024 monthly Jan 1980 - Feb 2024
Imports: Medicament (USD th) 1,570,518.510 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,269,332.939 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 947.828 Feb 2024 monthly Jan 1978 - Feb 2024
Total Imports from USA (USD mn) 550.165 Feb 2024 monthly Jan 1986 - Feb 2024
Total Exports to China (USD mn) 695.255 Feb 2024 monthly Jan 1984 - Feb 2024
Total Imports from China (USD mn) 2,179.424 Feb 2024 monthly Jan 1986 - Feb 2024
Imports: Iron and Steel (USD mn) 382.669 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Medicinal and Pharmaceutical Products (USD mn) 108.103 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Metalliferous Ores and Metal Scrap (USD mn) 83.443 Dec 2018 monthly Jan 2006 - Dec 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 638.5 Dec 2023 monthly Jan 2005 - Dec 2023
Current Account Balance (USD mn) 106.8 Dec 2023 monthly Jan 1999 - Dec 2023
Current Account Balance: % of GDP (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Foreign Direct Investment (USD mn) 826.1 Dec 2023 monthly Jan 2005 - Dec 2023
Foreign Direct Investment: % of GDP (%) 2.0 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment (USD mn) 1,838.131 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 1.5 Dec 2023 quarterly Dec 1980 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -173.2 Dec 2023 quarterly Mar 1996 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 2,011.353 Dec 2023 quarterly Mar 1977 - Dec 2023
External Debt (USD mn) 125,393.7 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: % of GDP (%) 28.7 2023 yearly 1990 - 2023
External Debt: Short Term (USD mn) 17,352.9 Mar 2023 quarterly Mar 2005 - Mar 2023
External Debt: Short Term: % of GDP (%) 3.9 2023 yearly 2005 - 2023
Forecast: Current Account Balance (USD bn) -7.439 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -51,316.516 Dec 2023 quarterly Dec 2012 - Dec 2023
BoP: FA: Financial Derivatives (FD) (USD mn) -6.857 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Services: Credit: Export (USD mn) 4,383.898 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 638.532 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -71.118 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 255.818 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Net Incurrence of Liabilities (USD mn) 2,128.759 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 826.060 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: Change in Reserve Assets: Debit (USD mn) -178.717 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Credit: Receipts (USD mn) 7.303 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: Financial Account (FA) (USD mn) -1,361.024 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Primary Income (USD mn) 480.791 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -55.498 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Secondary Income (USD mn) 3,035.667 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Goods: Credit: Export (USD mn) 4,419.540 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Secondary Income: Debit: Payments (USD mn) 117.845 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Services: Debit: Import (USD mn) 2,914.523 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Goods (USD mn) -4,879.015 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 254.854 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: Capital Account (CA) (USD mn) 6.253 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Goods: Debit: Import (USD mn) 9,298.554 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Net Acquisition of Financial Assets (USD mn) 767.734 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -48.641 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Export (USD mn) 13,461.621 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Import (USD mn) 13,354.803 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 1,096.486 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Portfolio Investment (PI) (USD mn) -840.667 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: Current Account (CA) (USD mn) 106.819 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Direct Investment (DI) (USD mn) -187.528 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Services (USD mn) 1,469.375 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Primary Income: Debit: Payments (USD mn) 1,023.880 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,504.671 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Other Investments (OI) (USD mn) -325.972 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 3,153.513 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Debit: Payments (USD mn) 1.050 Dec 2023 monthly Jan 2005 - Dec 2023
External Debt: By Country Profile: Country: UK (USD mn) 4,179.968 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: By Country Profile: Country: USA (USD mn) 2,474.724 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: By Country Profile: Country: France (USD mn) 1,242.515 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: Medium and Long Term (USD mn) 108,297.906 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: By Country Profile: Country: Germany (USD mn) 1,450.711 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: By Country Profile: Country: Japan (USD mn) 15,554.305 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Approved: Manufacturing (PHP mn) 48,958.266 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Information & Communication (PHP mn) 264.464 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Transportation & Storage (PHP mn) 212.208 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Real Estate Activities (PHP mn) 3,011.207 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Administrative & Support Services (PHP mn) 5,704.132 Dec 2023 quarterly Mar 2010 - Dec 2023
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.4 Feb 2024 monthly Mar 2008 - Feb 2024
Household Debt: % of GDP (%) 10.8 Dec 2023 quarterly Mar 2009 - Dec 2023
Non-Performing Loans (USD mn) 8,081.430 Dec 2023 quarterly Mar 2008 - Dec 2023
Money Supply M1 (USD mn) 118,977.230 Jan 2024 monthly Dec 1988 - Jan 2024
Money Supply M2 (USD mn) 293,306.704 Jan 2024 monthly Dec 1988 - Jan 2024
M2 Growth (%) 6.5 Jan 2024 monthly Dec 1989 - Jan 2024
Reserve Requirement Ratio (%) 9.5 Mar 2024 monthly May 1986 - Mar 2024
Foreign Exchange Reserves (USD mn) 89,027.1 Mar 2024 monthly Jan 1960 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 9.1 Feb 2024 monthly Jan 1979 - Feb 2024
Gold Reserves (USD mn) 10,531.497 Mar 2024 monthly Dec 1956 - Mar 2024
Total Deposits (USD mn) 342,517.305 Dec 2023 quarterly Mar 2008 - Dec 2023
Total Deposits Growth (%) 7.1 Dec 2023 quarterly Mar 2009 - Dec 2023
Domestic Credit (USD mn) 324,291.8 Jan 2024 monthly Dec 2001 - Jan 2024
Domestic Credit Growth (%) 9.8 Jan 2024 monthly Dec 2002 - Jan 2024
Household Debt (USD mn) 47,047.3 Dec 2023 quarterly Mar 2009 - Dec 2023
Total Loans (USD mn) 225,277.466 Feb 2024 monthly Mar 2008 - Feb 2024
Total Loans Growth (%) 9.22 Feb 2024 monthly Mar 2009 - Feb 2024
Private Debt: % of Nominal GDP (%) 48.22 Dec 2023 quarterly Dec 2001 - Dec 2023
DCS: LA: M4: M3: M2 (PHP mn) 16,473,993.214 Feb 2024 monthly Dec 2001 - Feb 2024
DCS: LA: M4: M3 (PHP mn) 16,914,355.390 Feb 2024 monthly Dec 2001 - Feb 2024
DCS: LA: M4: M3: M2: M1 (PHP mn) 6,647,338.067 Feb 2024 monthly Dec 2001 - Feb 2024
DCS: Domestic Claims (DC) (PHP mn) 18,335,039.299 Feb 2024 monthly Dec 2001 - Feb 2024
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 9.500 Mar 2024 monthly May 1986 - Mar 2024
CL: PBS: Real Estate: Residential (PHP bn) 1,003.466 Dec 2023 quarterly Mar 2009 - Dec 2023
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 4.3 Mar 2024 quarterly Jun 2002 - Mar 2024
Business Outlook: Index: Services: Current Quarter (Point) 36.460 Mar 2024 quarterly Jun 2001 - Mar 2024
Business Outlook: Index: Industry: Current Quarter (Point) 26.426 Mar 2024 quarterly Jun 2001 - Mar 2024
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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