Philippines Real GDP Growth

1999 - 2020 | Quarterly | % | CEIC Data

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:

Philippines Real GDP Growth

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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Includes Real GDP Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
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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Philippines Key Series

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Includes 285 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 (%) -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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