Philippines Labour Productivity Growth

1992 - 2024 | Yearly | % | CEIC Data

Key information about Philippines Labour Productivity Growth

  • Philippines Labour Productivity improved by 4.32 % YoY in Dec 2024, compared with a growth of 3.29 % in the previous year
  • Philippines Labour Productivity Growth data is updated yearly, available from Dec 1992 to Dec 2024, averaging at 2.65 %
  • The data reached an all-time high of 8.80 % in Dec 2017 and a record low of -3.67 % in Dec 1998

CEIC calculates annual Labour Productivity Growth from annual GDP per person employed. The World Bank provides GDP per person employed in International dollars. Purchasing power parity (PPP) GDP is used which is GDP converted to 2021 constant international dollars using PPP rates

View Philippines's Labour Productivity Growth from 1992 to 2024 in the chart:

Philippines Labour Productivity Growth

What was Philippines's Labour Productivity Growth in 2024?

Philippines Labour Productivity improved by 4.32 % YoY in Dec 2024, compared with a growth of 3.29 % in the previous year See the table below for more data.

Last Previous Min Max Unit Frequency Range
4.32 2024 3.29 2023 -3.67 1998 8.80 2017 % yearly 1992 - 2024

Labour Productivity Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 4.47 Jun 2025 quarterly Jun 1997 - Jun 2025
Algeria (%) 2.05 2024 yearly 1992 - 2024
Argentina (%) 2.32 2024 yearly 1992 - 2024
Armenia (%) 6.51 Jun 2025 quarterly Mar 2009 - Jun 2025
Australia (%) -0.43 Jun 2025 quarterly Jun 1979 - Jun 2025
Austria (%) 0.05 Jun 2025 quarterly Mar 2005 - Jun 2025
Azerbaijan (%) 1.14 Jun 2025 quarterly Mar 2009 - Jun 2025
Bahrain (%) -3.79 Jun 2023 quarterly Mar 2009 - Jun 2023
Bangladesh (%) 2.42 2024 yearly 1992 - 2024
Belarus (%) 1.29 Jun 2025 quarterly Mar 2006 - Jun 2025
Belgium (%) -1.01 Jun 2025 quarterly Mar 2000 - Jun 2025
Bolivia (%) -2.79 2024 yearly 2000 - 2024
Bosnia and Herzegovina (%) -0.28 2024 yearly 2007 - 2024
Botswana (%) 7.48 Dec 2022 quarterly Sep 2008 - Dec 2022
Brazil (%) 0.55 2024 yearly 1992 - 2024
Brunei (%) 1.26 2024 yearly 1992 - 2024
Bulgaria (%) -0.21 Jun 2025 quarterly Mar 2001 - Jun 2025
Cambodia (%) 1.04 2021 yearly 2008 - 2021
Canada (%) 1.27 Sep 2025 quarterly Mar 1977 - Sep 2025
Chile (%) 0.40 Sep 2025 quarterly Mar 1987 - Sep 2025
China (%) 5.84 2024 yearly 1953 - 2024
Colombia (%) 0.86 Sep 2025 quarterly Mar 2002 - Sep 2025
Croatia (%) 3.26 Jun 2025 quarterly Mar 2008 - Jun 2025
Cyprus (%) 0.51 Sep 2025 quarterly Jun 2005 - Sep 2025
Czech Republic (%) 1.52 Sep 2025 quarterly Mar 1997 - Sep 2025
Denmark (%) 2.54 Sep 2025 quarterly Mar 1991 - Sep 2025
Ecuador (%) -2.72 2024 yearly 1992 - 2024
Egypt (%) -2.73 Sep 2025 quarterly Mar 2004 - Sep 2025
Estonia (%) -0.18 Sep 2025 quarterly Mar 1996 - Sep 2025
European Union (%) 0.64 Jun 2025 quarterly Mar 2006 - Jun 2025
Finland (%) 0.76 Sep 2025 quarterly Mar 1991 - Sep 2025
France (%) 0.44 2024 yearly 1979 - 2024
Georgia (%) 4.37 2024 yearly 1997 - 2024
Germany (%) 0.35 Sep 2025 quarterly Mar 1992 - Sep 2025
Ghana (%) 3.70 2024 yearly 1992 - 2024
Greece (%) 1.20 Jun 2025 quarterly Mar 1996 - Jun 2025
Hong Kong SAR, China (%) 4.31 Sep 2025 quarterly Dec 1982 - Sep 2025
Hungary (%) 1.23 Sep 2025 quarterly Mar 1999 - Sep 2025
Iceland (%) -0.13 Jun 2025 quarterly Mar 2004 - Jun 2025
India (%) 3.39 2023 yearly 1992 - 2023
Indonesia (%) 1.55 2024 yearly 2001 - 2024
Iran (%) 2.38 2024 yearly 1992 - 2024
Ireland (%) 9.27 Sep 2025 quarterly Mar 1999 - Sep 2025
Israel (%) 2.61 Sep 2025 quarterly Mar 2013 - Sep 2025
Italy (%) 0.03 Sep 2025 quarterly Mar 1997 - Sep 2025
Ivory Coast (%) 2.78 2024 yearly 1992 - 2024
Japan (%) 0.47 Sep 2025 quarterly Mar 1995 - Sep 2025
Jordan (%) 2.45 2023 yearly 2001 - 2023
Kazakhstan (%) 6.30 Jun 2025 quarterly Mar 2002 - Jun 2025
Kenya (%) 1.38 2024 yearly 2011 - 2024
South Korea (%) 0.91 Sep 2025 quarterly Sep 1983 - Sep 2025
Kosovo (%) 10.87 Dec 2024 quarterly Mar 2017 - Dec 2024
Kuwait (%) -4.93 2024 yearly 1992 - 2024
Kyrgyzstan (%) 5.93 2023 yearly 1993 - 2023
Laos (%) 2.17 2024 yearly 1992 - 2024
Latvia (%) 1.09 Sep 2025 quarterly Mar 2003 - Sep 2025
Lebanon (%) -1.95 2023 yearly 1992 - 2023
Lithuania (%) 2.40 Sep 2025 quarterly Mar 1996 - Sep 2025
Luxembourg (%) -1.06 Jun 2025 quarterly Mar 1996 - Jun 2025
Macau SAR, China (%) 9.10 Sep 2025 quarterly Mar 2002 - Sep 2025
North Macedonia (%) 1.95 Jun 2025 quarterly Mar 2005 - Jun 2025
Malawi (%) -1.32 2024 yearly 1992 - 2024
Malaysia (%) 1.99 Sep 2025 quarterly Mar 2001 - Sep 2025
Malta (%) -1.67 Jun 2025 quarterly Dec 2001 - Jun 2025
Mauritius (%) 6.26 Mar 2025 quarterly Mar 2005 - Mar 2025
Mexico (%) -0.13 Sep 2025 quarterly Jun 1996 - Sep 2025
Moldova (%) 10.49 Jun 2025 quarterly Mar 2001 - Jun 2025
Mongolia (%) 3.94 Sep 2025 quarterly Sep 2007 - Sep 2025
Montenegro (%) 5.12 Jun 2025 quarterly Mar 2009 - Jun 2025
Morocco (%) 3.00 2024 yearly 2000 - 2024
Mozambique (%) -1.48 2024 yearly 1992 - 2024
Myanmar (%) -43.15 2022 yearly 1992 - 2022
Nepal (%) 3.63 2024 yearly 1992 - 2024
Netherlands (%) 1.30 Sep 2025 quarterly Mar 1996 - Sep 2025
New Zealand (%) 1.23 Jun 2025 quarterly Jun 1988 - Jun 2025
Nigeria (%) 1.14 Sep 2018 quarterly Mar 2013 - Sep 2018
Norway (%) 1.45 Sep 2025 quarterly Mar 1996 - Sep 2025
Oman (%) 2.12 2024 yearly 1999 - 2024
Pakistan (%) -1.23 2019 yearly 2001 - 2019
Palestinian Territory (%) 0.72 Jun 2025 quarterly Dec 2009 - Jun 2025
Panama (%) 1.18 2024 yearly 1992 - 2024
Paraguay (%) 1.45 Jun 2025 quarterly Mar 2018 - Jun 2025
Peru (%) 0.56 2023 yearly 2002 - 2023
Philippines (%) 4.32 2024 yearly 1992 - 2024
Poland (%) 3.00 Sep 2025 quarterly Dec 1999 - Sep 2025
Portugal (%) -0.48 Sep 2025 quarterly Mar 1996 - Sep 2025
Qatar (%) -2.08 2024 yearly 2012 - 2024
Romania (%) 7.19 Jun 2025 quarterly Mar 1996 - Jun 2025
Russia (%) 0.74 Jun 2025 quarterly Mar 1996 - Jun 2025
Saudi Arabia (%) -7.72 2024 yearly 1971 - 2024
Serbia (%) 3.71 Sep 2025 quarterly Mar 2015 - Sep 2025
Singapore (%) 2.70 Sep 2025 quarterly Mar 1986 - Sep 2025
Slovakia (%) 0.94 Jun 2025 quarterly Mar 1996 - Jun 2025
Slovenia (%) 2.16 Sep 2025 quarterly Mar 1996 - Sep 2025
South Africa (%) 1.40 Sep 2025 quarterly Mar 2009 - Sep 2025
Spain (%) 0.06 Sep 2025 quarterly Mar 1996 - Sep 2025
Sri Lanka (%) 2.51 Jun 2025 quarterly Jun 2013 - Jun 2025
Sudan (%) 3.26 2010 yearly 1996 - 2010
Sweden (%) 2.35 Sep 2025 quarterly Mar 1994 - Sep 2025
Switzerland (%) 0.19 Sep 2025 quarterly Mar 2011 - Sep 2025

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Philippines Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.0 Sep 2025 quarterly Dec 1985 - Sep 2025
Consolidated Fiscal Balance (USD mn) 191.324 Oct 2025 monthly Jan 1985 - Oct 2025
Tax Revenue (USD mn) 7,109.904 Oct 2025 monthly Jan 1985 - Oct 2025
Tax Revenue: % of GDP (%) 15.6 Sep 2025 quarterly Mar 1985 - Sep 2025
National Government Debt (USD mn) 297,648.2 Oct 2025 monthly Jan 1993 - Oct 2025
Government Debt: % of GDP (%) 63.1 Sep 2025 quarterly Mar 1993 - Sep 2025
Forecast: Government Expenditure (PHP bn) 9,538.160 2030 yearly 1989 - 2030
Forecast: Government Net Debt (PHP bn) 23,834.650 2030 yearly 1993 - 2030
Forecast: Government Revenue (PHP bn) 8,774.629 2030 yearly 1989 - 2030
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 938,368.000 Oct 2025 monthly Jan 2006 - Oct 2025
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 14,437,106.000 Oct 2025 monthly Jan 2006 - Oct 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -3,827.8 Oct 2025 monthly Jan 1957 - Oct 2025
Total Exports (USD mn) 7,391.9 Oct 2025 monthly Jan 1979 - Oct 2025
Total Exports Growth (%) 19.4 Oct 2025 monthly Jan 1980 - Oct 2025
Aluminum: Exports (USD th) 195,030.466 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 24,205.344 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 12,686.801 2024 yearly 1995 - 2024
Total Imports (USD mn) 11,219.7 Oct 2025 monthly Jan 1979 - Oct 2025
Total Imports Growth (%) -6.5 Oct 2025 monthly Jan 1980 - Oct 2025
Imports: Medicament (USD th) 1,838,565.771 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 626,781.378 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 1,161.615 Oct 2025 monthly Jan 1978 - Oct 2025
Total Imports from USA (USD mn) 690.708 Oct 2025 monthly Jan 1986 - Oct 2025
Total Exports to China (USD mn) 868.438 Oct 2025 monthly Jan 1984 - Oct 2025
Total Imports from China (USD mn) 3,408.777 Oct 2025 monthly Jan 1986 - Oct 2025
Imports: Metalliferous Ores and Metal Scrap (USD mn) 83.443 Dec 2018 monthly Jan 2006 - Dec 2018
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
Export Value Index (2015=100) 126.842 2021 yearly 1980 - 2021
Import Value Index (2015=100) 166.404 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 305.3 Jun 2025 monthly Jan 2005 - Jun 2025
Current Account Balance (USD mn) -1,678.8 Jun 2025 monthly Jan 1999 - Jun 2025
Current Account Balance: % of GDP (%) -4.0 Jun 2025 quarterly Mar 1981 - Jun 2025
Foreign Direct Investment (USD mn) 493.7 Aug 2025 monthly Jan 2005 - Aug 2025
Foreign Direct Investment: % of GDP (%) 1.3 Jun 2025 quarterly Mar 2005 - Jun 2025
Foreign Portfolio Investment (USD mn) 942.773 Jun 2025 quarterly Mar 2005 - Jun 2025
Foreign Portfolio Investment: % of GDP (%) 0.8 Jun 2025 quarterly Mar 1981 - Jun 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -144.1 Jun 2025 quarterly Mar 1996 - Jun 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 1,086.904 Jun 2025 quarterly Mar 1977 - Jun 2025
External Debt (USD mn) 148,873.0 Jun 2025 quarterly Mar 2005 - Jun 2025
External Debt: % of GDP (%) 29.8 2024 yearly 1990 - 2024
External Debt: Short Term (USD mn) 21,409.3 Jun 2025 quarterly Mar 2005 - Jun 2025
External Debt: Short Term: % of GDP (%) 4.5 2024 yearly 2005 - 2024
Forecast: Current Account Balance (USD bn) -13.928 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -68,284.036 Jun 2025 quarterly Dec 2012 - Jun 2025
BoP: FA: Net Incurrence of Liabilities (USD mn) 8,335.793 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) -56.003 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Goods: Debit: Import (USD mn) 10,973.729 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Credit: Receipts (USD mn) 7.553 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -109.359 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Services: Debit: Import (USD mn) 3,242.350 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Debit: Payments (USD mn) 0.463 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Net Acquisition of Financial Assets (USD mn) 1,867.029 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Export (USD mn) 13,200.174 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 2,863.171 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,503.036 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: Change in Reserve Assets: Debit (USD mn) 3,540.703 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Secondary Income (USD mn) 2,712.952 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Primary Income: Debit: Payments (USD mn) 1,088.860 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -106.020 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -721.743 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Secondary Income: Debit: Payments (USD mn) 93.584 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: Financial Account (FA) (USD mn) -6,468.764 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Services: Credit: Export (USD mn) 4,345.739 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Portfolio Investment (PI) (USD mn) -112.376 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: Capital Account (CA) (USD mn) 7.090 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Other Investments (OI) (USD mn) -5,935.605 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Financial Derivatives (FD) (USD mn) 3.339 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 109.782 Dec 2024 monthly Jan 2005 - Dec 2024
BoP: Current Account (CA) (USD mn) -2,198.350 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 2,750.794 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Primary Income (USD mn) 414.176 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Direct Investment (DI) (USD mn) -424.122 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,806.536 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Goods: Credit: Export (USD mn) 4,544.863 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Goods (USD mn) -6,428.866 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 5,213.863 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Services (USD mn) 1,103.388 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Import (USD mn) 15,398.524 Sep 2024 monthly Jan 2005 - Sep 2024
External Debt: Medium and Long Term (USD mn) 118,527.393 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: UK (USD mn) 4,510.353 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: USA (USD mn) 3,119.277 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: France (USD mn) 1,223.412 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: Germany (USD mn) 1,601.742 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: Japan (USD mn) 15,383.270 Sep 2024 quarterly Mar 2005 - Sep 2024
FDI: Approved: Manufacturing (PHP mn) 30,550.029 Dec 2024 quarterly Mar 2010 - Dec 2024
FDI: Approved: Administrative & Support Services (PHP mn) 3,327.175 Dec 2024 quarterly Mar 2010 - Dec 2024
FDI: Approved: Real Estate Activities (PHP mn) 2,515.437 Dec 2024 quarterly Mar 2010 - Dec 2024
FDI: Approved: Transportation & Storage (PHP mn) 11,869.695 Dec 2024 quarterly Mar 2010 - Dec 2024
FDI: Approved: Information & Communication (PHP mn) 265.529 Dec 2024 quarterly Mar 2010 - Dec 2024
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.3 Sep 2025 monthly Mar 2008 - Sep 2025
Household Debt: % of GDP (%) 12.4 Jun 2025 quarterly Mar 2009 - Jun 2025
Non-Performing Loans (USD mn) 9,285.066 Sep 2025 quarterly Mar 2008 - Sep 2025
Money Supply M1 (USD mn) 128,791.187 Sep 2025 monthly Dec 1988 - Sep 2025
Money Supply M2 (USD mn) 318,804.831 Sep 2025 monthly Dec 1988 - Sep 2025
M2 Growth (%) 8.0 Sep 2025 monthly Dec 1989 - Sep 2025
Reserve Requirement Ratio (%) 5.0 Nov 2025 monthly May 1986 - Nov 2025
Foreign Exchange Reserves (USD mn) 88,724.9 Oct 2025 monthly Jan 1960 - Oct 2025
Foreign Exchange Reserves: Months of Import (NA) 7.9 Oct 2025 monthly Jan 1979 - Oct 2025
Gold Reserves (USD mn) 16,890.418 Oct 2025 monthly Dec 1956 - Oct 2025
Total Deposits (USD mn) 362,936.341 Sep 2025 quarterly Mar 2008 - Sep 2025
Total Deposits Growth (%) 7.6 Sep 2025 quarterly Mar 2009 - Sep 2025
Domestic Credit (USD mn) 369,058.3 Sep 2025 monthly Dec 2001 - Sep 2025
Domestic Credit Growth (%) 10.3 Sep 2025 monthly Dec 2002 - Sep 2025
Household Debt (USD mn) 60,099.2 Jun 2025 quarterly Mar 2009 - Jun 2025
Total Loans (USD mn) 258,449.801 Sep 2025 monthly Mar 2008 - Sep 2025
Total Loans Growth (%) 10.72 Sep 2025 monthly Mar 2009 - Sep 2025
Private Debt: % of Nominal GDP (%) 49.80 Sep 2025 quarterly Dec 2001 - Sep 2025
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 5.000 Nov 2025 monthly May 1986 - Nov 2025
DCS: Domestic Claims (DC) (PHP mn) 20,270,486.311 Jan 2025 monthly Dec 2001 - Jan 2025
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 3,085.276 Dec 2024 quarterly Mar 2009 - Dec 2024
CL: PBS: Real Estate: Residential (PHP bn) 1,099.416 Dec 2024 quarterly Mar 2009 - Dec 2024
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) -16.0 Sep 2025 quarterly Jun 2002 - Sep 2025
Business Outlook: Index: Industry: Current Quarter (Point) 34.545 Dec 2024 quarterly Jun 2001 - Dec 2024
Business Outlook: Index: Services: Current Quarter (Point) 52.860 Dec 2024 quarterly Jun 2001 - Dec 2024
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

More Indicators for Philippines

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