Philippines Forecast: Real GDP Growth

1980 - 2027 | Yearly | % | International Monetary Fund

Key information about Philippines Forecast: Real GDP Growth

  • Philippines Real GDP Growth is forecasted to be 6.451 % in Dec 2022 as reported by International Monetary Fund.
  • It records an increase from the last reported number of 5.598 % in Dec 2021.
  • Looking ahead, Philippines Real GDP Growth is projected to stand at 6.503 % in Dec 2027.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Gross Domestic Product: Constant Prices: YoY.

View Philippines's Forecast: Real GDP Growth from 1980 to 2027 in the chart:

Philippines Forecast: Real GDP Growth

What is Philippines's Forecast: Real GDP Growth in 2027?

Philippines Real GDP Growth is forecasted to be 6.451 % in Dec 2022 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
6.503 2027 6.487 2026 -9.573 2020 7.335 2010 % yearly 1980 - 2027

Forecast: Real GDP Growth by Country Comparison

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country/region Last Frequency Range
Afghanistan (%) -2.351 2020 yearly 2003 - 2020
Albania (%) 3.400 2027 yearly 1980 - 2027
Algeria (%) 1.812 2027 yearly 1980 - 2027
Andorra (%) 1.500 2027 yearly 2001 - 2027
Angola (%) 3.940 2027 yearly 1980 - 2027
Antigua and Barbuda (%) 2.703 2027 yearly 1980 - 2027
Argentina (%) 2.000 2027 yearly 1980 - 2027
Armenia (%) 4.500 2027 yearly 1993 - 2027
Aruba (%) 1.400 2027 yearly 1987 - 2027
Australia (%) 2.585 2027 yearly 1980 - 2027
Austria (%) 1.780 2027 yearly 1980 - 2027
Azerbaijan (%) 2.493 2027 yearly 1993 - 2027
Bahamas (%) 1.496 2027 yearly 1980 - 2027
Bahrain (%) 3.050 2027 yearly 1980 - 2027
Bangladesh (%) 9.531 2021 yearly 1980 - 2021
Barbados (%) 1.840 2027 yearly 1980 - 2027
Belarus (%) 0.574 2027 yearly 1993 - 2027
Belgium (%) 1.198 2027 yearly 1980 - 2027
Belize (%) 2.000 2027 yearly 1980 - 2027
Benin (%) 6.028 2027 yearly 1980 - 2027
Bhutan (%) 5.762 2027 yearly 1980 - 2027
Bolivia (%) 3.400 2027 yearly 1980 - 2027
Bosnia and Herzegovina (%) 3.000 2027 yearly 1997 - 2027
Botswana (%) 3.986 2027 yearly 1980 - 2027
Brazil (%) 2.040 2027 yearly 1980 - 2027
Brunei (%) 2.112 2027 yearly 1986 - 2027
Bulgaria (%) 2.840 2027 yearly 1980 - 2027
Burkina Faso (%) 5.305 2027 yearly 1980 - 2027
Burundi (%) 4.519 2027 yearly 1980 - 2027
Cambodia (%) 6.500 2027 yearly 1988 - 2027
Cameroon (%) 5.164 2027 yearly 1980 - 2027
Canada (%) 1.631 2027 yearly 1980 - 2027
Cape Verde (%) 4.498 2027 yearly 1980 - 2027
Central African Republic (%) 4.664 2027 yearly 1980 - 2027
Chad (%) 3.508 2027 yearly 1980 - 2027
Chile (%) 2.459 2027 yearly 1980 - 2027
China (%) 4.784 2027 yearly 1980 - 2027
Colombia (%) 3.445 2027 yearly 1980 - 2027
Comoros (%) 4.342 2027 yearly 1980 - 2027
Congo (%) 3.370 2027 yearly 1980 - 2027
Costa Rica (%) 3.160 2027 yearly 1980 - 2027
Croatia (%) 3.000 2027 yearly 1993 - 2027
Cyprus (%) 2.930 2027 yearly 1980 - 2027
Czech Republic (%) 2.505 2027 yearly 1996 - 2027
Democratic Republic of Congo (%) 6.632 2027 yearly 1980 - 2027
Denmark (%) 1.800 2027 yearly 1980 - 2027
Djibouti (%) 6.000 2027 yearly 1992 - 2027
Dominica (%) 2.489 2027 yearly 1980 - 2027
Dominican Republic (%) 5.000 2027 yearly 1980 - 2027
Ecuador (%) 2.797 2027 yearly 1980 - 2027
Egypt (%) 5.904 2027 yearly 1980 - 2027
El Salvador (%) 1.965 2027 yearly 1980 - 2027
Equatorial Guinea (%) -0.981 2027 yearly 1980 - 2027
Eritrea (%) 3.752 2027 yearly 1993 - 2027
Estonia (%) 3.300 2027 yearly 1994 - 2027
Swaziland (%) 2.278 2027 yearly 1980 - 2027
Ethiopia (%) 6.990 2027 yearly 1980 - 2027
Fiji (%) 3.413 2027 yearly 1980 - 2027
Finland (%) 1.265 2027 yearly 1980 - 2027
France (%) 1.412 2027 yearly 1980 - 2027
Gabon (%) 3.823 2027 yearly 1981 - 2027
Gambia (%) 5.000 2027 yearly 1980 - 2027
Georgia (%) 5.200 2027 yearly 1995 - 2027
Germany (%) 1.134 2027 yearly 1980 - 2027
Ghana (%) 7.485 2027 yearly 1980 - 2027
Greece (%) 1.201 2027 yearly 1980 - 2027
Grenada (%) 2.849 2027 yearly 1980 - 2027
Guatemala (%) 3.503 2027 yearly 1980 - 2027
Guinea (%) 5.107 2027 yearly 1980 - 2027
Guinea-Bissau (%) 5.000 2027 yearly 1981 - 2027
Guyana (%) 3.748 2027 yearly 1980 - 2027
Haiti (%) 1.700 2027 yearly 1980 - 2027
Honduras (%) 3.940 2027 yearly 1980 - 2027
Hong Kong SAR, China (%) 2.849 2027 yearly 1980 - 2027
Hungary (%) 2.700 2027 yearly 1980 - 2027
Iceland (%) 2.299 2027 yearly 1980 - 2027
India (%) 6.168 2028 yearly 1981 - 2028
Indonesia (%) 5.177 2027 yearly 1980 - 2027
Iran (%) 2.025 2028 yearly 1981 - 2028
Iraq (%) 2.625 2027 yearly 1999 - 2027
Ireland (%) 3.030 2027 yearly 1980 - 2027
Israel (%) 3.515 2027 yearly 1980 - 2027
Italy (%) 0.500 2027 yearly 1980 - 2027
Ivory Coast (%) 6.000 2027 yearly 1980 - 2027
Jamaica (%) 1.600 2027 yearly 1980 - 2027
Japan (%) 0.398 2027 yearly 1980 - 2027
Jordan (%) 3.300 2027 yearly 1980 - 2027
Kazakhstan (%) 3.084 2027 yearly 1993 - 2027
Kenya (%) 5.424 2027 yearly 1980 - 2027
Kiribati (%) 1.971 2027 yearly 1980 - 2027
South Korea (%) 2.284 2027 yearly 1980 - 2027
Kosovo (%) 3.500 2027 yearly 2001 - 2027
Kuwait (%) 2.655 2027 yearly 1980 - 2027
Kyrgyzstan (%) 4.041 2027 yearly 1993 - 2027
Laos (%) 4.300 2027 yearly 1980 - 2027
Latvia (%) 3.260 2027 yearly 1993 - 2027
Lebanon (%) -22.000 2020 yearly 1980 - 2020
Lesotho (%) 0.122 2028 yearly 1981 - 2028
Liberia (%) 5.680 2027 yearly 2001 - 2027
Libya (%) 3.588 2027 yearly 1980 - 2027

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Philippines Key Series

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Includes 261 key indicators for Philippines, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -8.3 Mar 2022 quarterly Dec 1985 - Mar 2022
Consolidated Fiscal Balance (USD mn) 94.961 Apr 2022 monthly Jan 1985 - Apr 2022
Tax Revenue (USD mn) 5,904.571 Apr 2022 monthly Jan 1985 - Apr 2022
Tax Revenue: % of GDP (%) 14.1 Mar 2022 quarterly Mar 1985 - Mar 2022
National Government Debt (USD mn) 244,702.4 Apr 2022 monthly Jan 1993 - Apr 2022
Government Debt: % of GDP (%) 63.5 Mar 2022 quarterly Mar 1993 - Mar 2022
Forecast: Government Expenditure (PHP bn) 7,838.262 2027 yearly 1989 - 2027
Forecast: Government Net Debt (PHP bn) 18,870.859 2027 yearly 1993 - 2027
Forecast: Government Revenue (PHP bn) 7,298.928 2027 yearly 1989 - 2027
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 8,190,696.000 Apr 2022 monthly Jan 2006 - Apr 2022
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 622,601.000 Apr 2022 monthly Jan 2006 - Apr 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 11.010 2027 yearly 1980 - 2027
Trade Balance (USD mn) -4,773.1 Apr 2022 monthly Jan 1957 - Apr 2022
Total Exports (USD mn) 6,128.6 Apr 2022 monthly Jan 1979 - Apr 2022
Total Exports Growth (%) 6.0 Apr 2022 monthly Jan 1980 - Apr 2022
Aluminum: Exports (USD th) 135,862.497 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 39,815.275 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 9,366.205 2020 yearly 1995 - 2020
Total Imports (USD mn) 10,901.7 Apr 2022 monthly Jan 1979 - Apr 2022
Total Imports Growth (%) 22.8 Apr 2022 monthly Jan 1980 - Apr 2022
Imports: Medicament (USD th) 1,362,507.431 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 475,680.308 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 955.170 Apr 2022 monthly Jan 1978 - Apr 2022
Total Imports from USA (USD mn) 687.764 Apr 2022 monthly Jan 1986 - Apr 2022
Total Exports to China (USD mn) 971.743 Apr 2022 monthly Jan 1984 - Apr 2022
Total Imports from China (USD mn) 2,269.240 Apr 2022 monthly Jan 1986 - Apr 2022
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) 525.3 Mar 2022 monthly Jan 2005 - Mar 2022
Current Account Balance (USD mn) -2,441.6 Mar 2022 monthly Jan 1999 - Mar 2022
Current Account Balance: % of GDP (%) -5.0 Mar 2022 quarterly Mar 1981 - Mar 2022
Foreign Direct Investment (USD mn) 727.4 Mar 2022 monthly Jan 2005 - Mar 2022
Foreign Direct Investment: % of GDP (%) 2.5 Mar 2022 quarterly Mar 2005 - Mar 2022
Foreign Portfolio Investment (USD mn) 979.828 Mar 2022 quarterly Mar 2005 - Mar 2022
Foreign Portfolio Investment: % of GDP (%) 1.0 Mar 2022 quarterly Dec 1980 - Mar 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 1,685.4 Dec 2021 quarterly Mar 1996 - Dec 2021
Foreign Portfolio Investment: Debt Securities (USD mn) -1,913.412 Dec 2021 quarterly Mar 1977 - Dec 2021
External Debt (USD mn) 109,753.2 Mar 2022 quarterly Mar 2005 - Mar 2022
External Debt: % of GDP (%) 27.0 2021 yearly 1990 - 2021
External Debt: Short Term (USD mn) 15,089.6 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: Short Term: % of GDP (%) 3.8 2021 yearly 2005 - 2021
Forecast: Current Account Balance (USD bn) -10.984 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) -27,602.578 Dec 2021 quarterly Dec 2012 - Dec 2021
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) 1,533.330 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: Net Incurrence of Liabilities (USD mn) 3,035.447 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Goods: Credit: Export (USD mn) 5,344.106 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: Capital Account (CA) (USD mn) 6.809 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Import (USD mn) 14,332.065 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,469.406 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: Change in Reserve Assets: Debit (USD mn) 973.435 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 727.397 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: Financial Account (FA) (USD mn) -3,079.011 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Secondary Income (USD mn) 2,389.027 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 675.964 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Export (USD mn) 11,890.502 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: Current Account (CA) (USD mn) -2,441.563 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Services: Credit: Export (USD mn) 2,977.560 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 1,748.378 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Secondary Income: Debit: Payments (USD mn) 84.206 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Services: Debit: Import (USD mn) 2,056.310 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: Net Acquisition of Financial Assets (USD mn) 604.375 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: Portfolio Investment (PI) (USD mn) -3.641 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,099.429 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 525.331 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Credit: Receipts (USD mn) 8.207 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Goods (USD mn) -6,028.551 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Debit: Payments (USD mn) 41.564 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Services (USD mn) 921.250 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: Direct Investment (DI) (USD mn) -202.066 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: Financial Derivatives (FD) (USD mn) -73.003 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Primary Income (USD mn) 276.711 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -128.923 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Goods: Debit: Import (USD mn) 10,698.213 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -26.262 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 1,752.020 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: Other Investments (OI) (USD mn) 857.366 Dec 2021 monthly Jan 2005 - Dec 2021
BoP: CA: Primary Income: Debit: Payments (USD mn) 822.718 Mar 2022 monthly Jan 2005 - Mar 2022
External Debt: By Country Profile: Country: Japan (USD mn) 14,572.103 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: By Country Profile: Country: UK (USD mn) 2,827.201 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: By Country Profile: Country: USA (USD mn) 3,828.259 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: By Country Profile: Country: France (USD mn) 882.389 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: Medium and Long Term (USD mn) 91,338.698 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: By Country Profile: Country: Germany (USD mn) 1,000.556 Dec 2021 quarterly Mar 2005 - Dec 2021
FDI: Approved: Transportation & Storage (PHP mn) 0.923 Mar 2022 quarterly Mar 2010 - Mar 2022
FDI: Approved: Information & Communication (PHP mn) 100.936 Mar 2022 quarterly Mar 2010 - Mar 2022
FDI: Approved: Administrative & Support Services (PHP mn) 977.366 Mar 2022 quarterly Mar 2010 - Mar 2022
FDI: Approved: Manufacturing (PHP mn) 5,151.383 Mar 2022 quarterly Mar 2010 - Mar 2022
FDI: Approved: Real Estate Activities (PHP mn) 942.558 Mar 2022 quarterly Mar 2010 - Mar 2022
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.9 Apr 2022 monthly Jan 2013 - Apr 2022
Household Debt: % of GDP (%) 9.9 Mar 2022 quarterly Mar 2009 - Mar 2022
Non-Performing Loans (USD mn) 8,861.787 Mar 2022 quarterly Mar 2013 - Mar 2022
Money Supply M1 (USD mn) 121,533.787 Apr 2022 monthly Dec 1988 - Apr 2022
Money Supply M2 (USD mn) 281,013.430 Apr 2022 monthly Dec 1988 - Apr 2022
M2 Growth (%) 8.3 Apr 2022 monthly Dec 1989 - Apr 2022
Reserve Requirement Ratio (%) 12.0 Apr 2022 monthly May 1986 - Apr 2022
Foreign Exchange Reserves (USD mn) 90,052.7 May 2022 monthly Jan 1960 - May 2022
Foreign Exchange Reserves: Months of Import (NA) 8.4 Apr 2022 monthly Jan 1979 - Apr 2022
Gold Reserves (USD mn) 9,026.826 May 2022 monthly Dec 1956 - May 2022
Total Deposits (USD mn) 309,641.228 Mar 2022 quarterly Mar 2008 - Mar 2022
Total Deposits Growth (%) 7.2 Mar 2022 quarterly Mar 2009 - Mar 2022
Domestic Credit (USD mn) 288,367.1 Apr 2022 monthly Dec 2001 - Apr 2022
Domestic Credit Growth (%) 9.0 Apr 2022 monthly Dec 2002 - Apr 2022
Household Debt (USD mn) 37,879.2 Mar 2022 quarterly Mar 2009 - Mar 2022
Total Loans (USD mn) 205,037.294 Apr 2022 monthly Mar 2008 - Apr 2022
Total Loans Growth (%) 7.13 Apr 2022 monthly Mar 2009 - Apr 2022
Private Debt: % of Nominal GDP (%) 48.56 Mar 2022 quarterly Dec 2001 - Mar 2022
DCS: LA: M4: M3: M2 (PHP mn) 14,657,098.501 Apr 2022 monthly Dec 2001 - Apr 2022
DCS: Domestic Claims (DC) (PHP mn) 15,040,649.326 Apr 2022 monthly Dec 2001 - Apr 2022
DCS: LA: M4: M3: M2: M1 (PHP mn) 6,283,157.885 Mar 2022 monthly Dec 2001 - Mar 2022
DCS: LA: M4: M3 (PHP mn) 15,253,466.690 Apr 2022 monthly Dec 2001 - Apr 2022
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 12.000 May 2022 monthly May 1986 - May 2022
CL: PBS: Real Estate: Residential (PHP bn) 877.311 Mar 2022 quarterly Mar 2009 - Mar 2022
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 1,968.201 Mar 2022 quarterly Mar 2009 - Mar 2022
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 11.6 Mar 2022 quarterly Jun 2002 - Mar 2022
Business Outlook: Index: Services: Current Quarter (Point) 40.469 Mar 2022 quarterly Jun 2001 - Mar 2022
Business Outlook: Index: Industry: Current Quarter (Point) 31.203 Mar 2022 quarterly Jun 2001 - Mar 2022
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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