Philippines Tourism Revenue Growth

1971 - 2024 | Yearly | % | CEIC Data

Key information about Philippines Tourism Revenue Growth

  • Philippines Tourism Revenue grew 6.9 % YoY in Dec 2024, compared with an increase of 126.6 % YoY in the previous year
  • Philippines Tourism Revenue Growth rate data is updated yearly, available from Dec 1971 to Dec 2024
  • The data reached an all-time high of 2,137.1 % in Dec 2022 and a record low of -89.4 % in Dec 2021
CEIC calculates annual Tourism Revenue Growth from annual Tourism Revenue. The Department of Tourism provides Tourism Revenue in USD.

View Philippines's Tourism Revenue Growth from 1971 to 2024 in the chart:

Philippines Tourism Revenue Growth

What was Philippines's Tourism Revenue Growth in 2024?

Philippines Tourism Revenue grew 6.9 % YoY in Dec 2024, compared with an increase of 126.6 % YoY in the previous year See the table below for more data.

Last Previous Min Max Unit Frequency Range
6.9 2024 126.6 2023 -89.4 2021 2,137.1 2022 % yearly 1971 - 2024

Tourism Revenue Growth by Country Comparison

country/region Last Frequency Range
Albania (%) -49.4 2020 yearly 1996 - 2020
Algeria (%) -64.3 2020 yearly 2006 - 2020
Argentina (%) -69.9 2020 yearly 1996 - 2020
Armenia (%) -80.5 2020 yearly 1996 - 2020
Australia (%) 5.9 Sep 2019 quarterly Sep 2006 - Sep 2019
Austria (%) -40.7 2020 yearly 1996 - 2020
Azerbaijan (%) -83.0 2020 yearly 1996 - 2020
Bahrain (%) -81.2 2020 yearly 1996 - 2020
Bangladesh (%) -44.3 2020 yearly 2003 - 2020
Belarus (%) -58.0 2020 yearly 1996 - 2020
Belgium (%) -29.6 2020 yearly 2002 - 2020
Bolivia (%) -75.1 2020 yearly 1996 - 2020
Bosnia and Herzegovina (%) -64.2 2020 yearly 1999 - 2020
Botswana (%) -69.5 2020 yearly 1996 - 2020
Brazil (%) -3.8 Oct 2025 monthly Jan 1991 - Oct 2025
Brunei (%) 7.3 2018 yearly 2002 - 2018
Bulgaria (%) -62.9 2020 yearly 1996 - 2020
Cambodia (%) 18.0 2024 yearly 1996 - 2024
Canada (%) 7.7 2018 yearly 1996 - 2018
Chile (%) -68.5 2020 yearly 1996 - 2020
China (%) 3.5 Dec 2018 monthly Jan 1996 - Dec 2018
Colombia (%) -71.1 2020 yearly 1996 - 2020
Croatia (%) 6.6 2018 yearly 2000 - 2018
Cyprus (%) 10.1 Sep 2025 monthly Jan 2002 - Sep 2025
Czech Republic (%) -51.2 2020 yearly 2003 - 2020
Denmark (%) 6.9 2018 yearly 1996 - 2018
Ecuador (%) -69.2 2020 yearly 1996 - 2020
Egypt (%) 19.3 Jun 2025 quarterly Dec 1994 - Jun 2025
Estonia (%) -62.6 2020 yearly 1996 - 2020
European Union (%) 0.1 2019 yearly 2000 - 2019
Finland (%) -70.4 2020 yearly 1996 - 2020
France (%) -49.2 2020 yearly 2000 - 2020
Georgia (%) -83.5 2020 yearly 1998 - 2020
Germany (%) 5.9 2024 yearly 1972 - 2024
Ghana (%) -87.2 2020 yearly 1996 - 2020
Greece (%) 6.8 Aug 2025 monthly Nov 2012 - Aug 2025
Hong Kong SAR, China (%) 9.6 2024 yearly 1999 - 2024
Hungary (%) -58.7 2020 yearly 1996 - 2020
Iceland (%) 3.9 2008 yearly 1996 - 2008
India (%) -24.4 Jun 2025 monthly Jan 2002 - Jun 2025
Indonesia (%) -80.8 2020 yearly 2003 - 2020
Iran (%) 15.9 2018 yearly 1996 - 2018
Ireland (%) -1.6 Dec 2019 quarterly Mar 2013 - Dec 2019
Israel (%) -57.4 2024 yearly 1993 - 2024
Italy (%) -60.6 2020 yearly 1996 - 2020
Ivory Coast (%) -63.8 2020 yearly 1996 - 2020
Japan (%) -76.8 2020 yearly 1996 - 2020
Jordan (%) 3.4 Oct 2025 monthly Jan 2001 - Oct 2025
Kazakhstan (%) -79.8 2020 yearly 1996 - 2020
Kenya (%) -1.2 2019 yearly 1996 - 2019
South Korea (%) 23.1 Sep 2025 monthly Jan 1976 - Sep 2025
Kuwait (%) -56.3 2020 yearly 1996 - 2020
Kyrgyzstan (%) -72.5 2020 yearly 1999 - 2020
Laos (%) 48.5 2024 yearly 1992 - 2024
Latvia (%) 11.1 2018 yearly 1996 - 2018
Lebanon (%) -72.8 2020 yearly 1996 - 2020
Lithuania (%) 7.1 2018 yearly 1996 - 2018
Luxembourg (%) -21.1 2020 yearly 2003 - 2020
Macau SAR, China (%) -77.1 2020 yearly 1996 - 2020
North Macedonia (%) -36.9 2020 yearly 1997 - 2020
Malawi (%) -43.5 2020 yearly 1996 - 2020
Malaysia (%) 43.4 2024 yearly 1982 - 2024
Malta (%) 22.8 Oct 2025 monthly Jul 2004 - Oct 2025
Mauritius (%) -1.7 Mar 2025 quarterly Mar 2006 - Mar 2025
Mexico (%) 9.3 Oct 2025 monthly Jan 1981 - Oct 2025
Moldova (%) -32.8 2020 yearly 1996 - 2020
Mongolia (%) -91.9 2020 yearly 1996 - 2020
Montenegro (%) -85.9 2020 yearly 2008 - 2020
Morocco (%) 34.5 Oct 2025 monthly Jan 1998 - Oct 2025
Mozambique (%) -65.1 2020 yearly 2003 - 2020
Myanmar (%) -29.8 2024 yearly 2007 - 2024
Nepal (%) 6.5 2022 yearly 1991 - 2022
Netherlands (%) -53.9 2020 yearly 1996 - 2020
New Zealand (%) 26.5 2024 yearly 1999 - 2024
Nigeria (%) -78.2 2020 yearly 1996 - 2020
Norway (%) -68.8 2020 yearly 1996 - 2020
Oman (%) -78.3 2020 yearly 1999 - 2020
Pakistan (%) -22.9 2020 yearly 1996 - 2020
Palestinian Territory (%) 8.9 2018 yearly 1996 - 2018
Panama (%) -73.9 2020 yearly 1996 - 2020
Paraguay (%) -74.6 2020 yearly 1996 - 2020
Peru (%) 28.3 2024 yearly 1991 - 2024
Philippines (%) 6.9 2024 yearly 1971 - 2024
Poland (%) -46.7 2020 yearly 1996 - 2020
Portugal (%) 7.3 Oct 2025 monthly Jul 2007 - Oct 2025
Qatar (%) -8.5 2020 yearly 2012 - 2020
Romania (%) -62.0 2020 yearly 1996 - 2020
Russia (%) -71.2 2020 yearly 2002 - 2020
Saudi Arabia (%) 19.3 2024 yearly 2005 - 2024
Serbia (%) -28.9 2020 yearly 2003 - 2020
Singapore (%) 11.5 Jun 2025 quarterly Mar 2008 - Jun 2025
Slovakia (%) -61.1 2020 yearly 1996 - 2020
Slovenia (%) -57.7 2020 yearly 1996 - 2020
South Africa (%) 4.8 Sep 2025 monthly Sep 2005 - Sep 2025
Spain (%) 5.9 Sep 2025 monthly Jan 1994 - Sep 2025
Sri Lanka (%) 53.2 2024 yearly 1967 - 2024
Sudan (%) 60.0 2021 yearly 2001 - 2021
Sweden (%) 5.4 2018 yearly 1996 - 2018
Switzerland (%) 3.0 2024 yearly 2002 - 2024
Syria (%) -71.2 2011 yearly 2004 - 2011

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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) 154.2 Sep 2025 monthly Jan 2005 - Sep 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) 320.4 Sep 2025 monthly Jan 2005 - Sep 2025
Foreign Direct Investment: % of GDP (%) 1.8 Sep 2025 quarterly Mar 2005 - Sep 2025
Foreign Portfolio Investment (USD mn) 942.773 Jun 2025 quarterly Mar 2005 - Jun 2025
Foreign Portfolio Investment: % of GDP (%) 2.4 Sep 2025 quarterly Mar 1981 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -17.9 Sep 2025 quarterly Mar 1996 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 2,769.125 Sep 2025 quarterly Mar 1977 - Sep 2025
External Debt (USD mn) 149,093.4 Sep 2025 quarterly Mar 2005 - Sep 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: Financial Derivatives (FD) (USD mn) -29.120 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -360.950 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: Change in Reserve Assets: Debit (USD mn) 94.282 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Primary Income (USD mn) 421.148 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 154.217 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Credit: Receipts (USD mn) 10.537 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Services: Credit: Export (USD mn) 4,807.548 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: Financial Account (FA) (USD mn) -1,472.803 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: Net Incurrence of Liabilities (USD mn) 6,143.334 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 320.399 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Goods: Credit: Export (USD mn) 5,296.719 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Services: Debit: Import (USD mn) 3,034.172 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -90.781 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Secondary Income (USD mn) 2,813.316 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 5,699.529 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: Capital Account (CA) (USD mn) 10.254 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -61.661 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Export (USD mn) 14,560.212 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 4,968.045 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Import (USD mn) 15,486.752 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: Net Acquisition of Financial Assets (USD mn) 4,670.531 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: Direct Investment (DI) (USD mn) -166.182 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 185.068 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Debit: Payments (USD mn) 0.283 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: Current Account (CA) (USD mn) -926.540 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,941.969 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: Other Investments (OI) (USD mn) -6,060.478 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: Portfolio Investment (PI) (USD mn) 4,782.977 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Services (USD mn) 1,773.376 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Primary Income: Debit: Payments (USD mn) 1,092.827 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Secondary Income: Debit: Payments (USD mn) 128.654 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,513.975 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Goods (USD mn) -5,934.380 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Goods: Debit: Import (USD mn) 11,231.099 Sep 2025 monthly Jan 2005 - Sep 2025
External Debt: By Country Profile: Country: USA (USD mn) 3,360.037 Sep 2025 quarterly Mar 2005 - Sep 2025
External Debt: By Country Profile: Country: UK (USD mn) 2,597.218 Sep 2025 quarterly Mar 2005 - Sep 2025
External Debt: Medium and Long Term (USD mn) 128,181.445 Sep 2025 quarterly Mar 2005 - Sep 2025
External Debt: By Country Profile: Country: Japan (USD mn) 16,059.355 Sep 2025 quarterly Mar 2005 - Sep 2025
External Debt: By Country Profile: Country: France (USD mn) 2,632.733 Sep 2025 quarterly Mar 2005 - Sep 2025
External Debt: By Country Profile: Country: Germany (USD mn) 2,159.034 Sep 2025 quarterly Mar 2005 - Sep 2025
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
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: Administrative & Support Services (PHP mn) 3,327.175 Dec 2024 quarterly Mar 2010 - Dec 2024
FDI: Approved: Information & Communication (PHP mn) 265.529 Dec 2024 quarterly Mar 2010 - Dec 2024
FDI: Approved: Manufacturing (PHP mn) 30,550.029 Dec 2024 quarterly Mar 2010 - Dec 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.3 Oct 2025 monthly Mar 2008 - Oct 2025
Household Debt: % of GDP (%) 12.8 Sep 2025 quarterly Mar 2009 - Sep 2025
Non-Performing Loans (USD mn) 9,285.066 Sep 2025 quarterly Mar 2008 - Sep 2025
Money Supply M1 (USD mn) 127,138.042 Oct 2025 monthly Dec 1988 - Oct 2025
Money Supply M2 (USD mn) 317,145.401 Oct 2025 monthly Dec 1988 - Oct 2025
M2 Growth (%) 8.8 Oct 2025 monthly Dec 1989 - Oct 2025
Reserve Requirement Ratio (%) 5.0 Nov 2025 monthly May 1986 - Nov 2025
Foreign Exchange Reserves (USD mn) 88,412.0 Nov 2025 monthly Jan 1960 - Nov 2025
Foreign Exchange Reserves: Months of Import (NA) 7.9 Oct 2025 monthly Jan 1979 - Oct 2025
Gold Reserves (USD mn) 18,025.841 Nov 2025 monthly Dec 1956 - Nov 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) 365,706.8 Oct 2025 monthly Dec 2001 - Oct 2025
Domestic Credit Growth (%) 10.5 Oct 2025 monthly Dec 2002 - Oct 2025
Household Debt (USD mn) 60,938.4 Sep 2025 quarterly Mar 2009 - Sep 2025
Total Loans (USD mn) 256,125.179 Oct 2025 monthly Mar 2008 - Oct 2025
Total Loans Growth (%) 10.56 Oct 2025 monthly Mar 2009 - Oct 2025
Private Debt: % of Nominal GDP (%) 49.96 Sep 2025 quarterly Dec 2001 - Sep 2025
YoY: DCS: LA: M4: Foreign Currency Deposits of Residents (%) 8.255 Oct 2025 monthly Dec 2002 - Oct 2025
YoY: DCS: LA: M4: M3 (%) 8.820 Oct 2025 monthly Dec 2002 - Oct 2025
DCS: Domestic Claims (DC) (PHP mn) 21,577,798.580 Oct 2025 monthly Dec 2001 - Oct 2025
YoY: DCS: LA: M4: M3: Deposit Substitutes (%) 8.434 Oct 2025 monthly Dec 2002 - Oct 2025
YoY: DCS: LA: M4: M3: M2 (%) 9.089 Oct 2025 monthly Dec 2002 - Oct 2025
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 5.000 Nov 2025 monthly May 1986 - Nov 2025
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
CL: PBS: Real Estate: Residential (PHP bn) 1,177.772 Sep 2025 quarterly Mar 2009 - Sep 2025
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 3,536.987 Sep 2025 quarterly Mar 2009 - Sep 2025
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

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