Philippines Real GDP Growth
The Gross Domestic Product (GDP) in Philippines contracted 11.6 % YoY in Sep 2020, following a negative growth of 16.7 % in the previous quarter. Real GDP Growth YoY data in Philippines is updated quarterly, available from Mar 1999 to Sep 2020, with an average rate of 5.8 %. The data reached an all-time high of 8.5 % in Jun 2010 and a record low of -16.7 % in Jun 2020. CEIC calculates Real GDP Growth from quarterly Real GDP. Philippine Statistics Authority provides Real GDP in local currency, at 2018 prices. Real GDP Growth prior to Q1 2014 is calculated from Real GDP at 2000 prices.
In the latest reports, Nominal GDP of Philippines reached 86.4 USD bn in Sep 2020. Its GDP deflator (implicit price deflator) increased 2.3 % in Jun 2020. GDP Per Capita in Philippines reached 3,512.0 USD in Dec 2019. Its Gross Savings Rate was measured at 8.9 % in Sep 2020.
View Philippines's Real GDP Growth from Mar 1999 to Sep 2020 in the chart:
What was Philippines's Real GDP Growth in Sep 2020?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -11.6 Sep 2020 | -16.7 Jun 2020 | -16.7 Jun 2020 | 8.5 Jun 2010 | % | quarterly | Mar 1999 - Sep 2020 |
Real GDP Growth by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | -11.0 Jun 2020 | quarterly | Mar 2010 - Jun 2020 |
| Algeria (%) | -3.9 Mar 2020 | quarterly | Mar 2012 - Mar 2020 |
| Argentina (%) | -19.8 Jun 2020 | quarterly | Mar 2005 - Jun 2020 |
| Armenia (%) | -9.1 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
| Australia (%) | -6.3 Jun 2020 | quarterly | Sep 1960 - Jun 2020 |
| Austria (%) | -14.5 Jun 2020 | quarterly | Mar 1989 - Jun 2020 |
| Azerbaijan (%) | 0.2 Mar 2020 | quarterly | Mar 2001 - Mar 2020 |
| Bahrain (%) | -8.9 Jun 2020 | quarterly | Mar 2009 - Jun 2020 |
| Bangladesh (%) | 5.2 2020 | yearly | 2007 - 2020 |
| Belarus (%) | -3.3 Jun 2020 | quarterly | Mar 2006 - Jun 2020 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -6.8 Sep 2020 | quarterly | Dec 1985 - Sep 2020 |
| Consolidated Fiscal Balance (USD mn) | -1,265.671 Oct 2020 | monthly | Jan 1985 - Oct 2020 |
| Tax Revenue (USD mn) | 4,888.179 Nov 2020 | monthly | Jan 1985 - Nov 2020 |
| Tax Revenue: % of GDP (%) | 15.1 Sep 2020 | quarterly | Mar 1985 - Sep 2020 |
| National Government Debt (USD mn) | 210,678.5 Nov 2020 | monthly | Jan 1993 - Nov 2020 |
| Government Debt: % of GDP (%) | 51.2 Sep 2020 | quarterly | Mar 1993 - Sep 2020 |
| Forecast: Government Expenditure (PHP bn) | 7,042.801 2025 | yearly | 1989 - 2025 |
| Forecast: Government Net Debt (PHP bn) | 17,355.036 2025 | yearly | 1993 - 2025 |
| Forecast: Government Revenue (PHP bn) | 5,270.195 2025 | yearly | 1989 - 2025 |
| Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) | 1,496,440.000 Nov 2020 | monthly | Jan 2006 - Nov 2020 |
| Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) | 6,418,242.000 Nov 2020 | monthly | Jan 2006 - Nov 2020 |
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