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:

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Philippines Tourism Revenue Growth
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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 (%) -9.3 Jan 2026 monthly Jan 1991 - Jan 2026
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 (%) 11.3 Dec 2025 monthly Jan 2002 - Dec 2025
Czech Republic (%) -51.2 2020 yearly 2003 - 2020
Denmark (%) 6.9 2018 yearly 1996 - 2018
Ecuador (%) -69.2 2020 yearly 1996 - 2020
Egypt (%) 13.8 Sep 2025 quarterly Dec 1994 - Sep 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 (%) 1.1 2025 yearly 1972 - 2025
Ghana (%) -87.2 2020 yearly 1996 - 2020
Greece (%) 5.6 Oct 2025 monthly Nov 2012 - Oct 2025
Hong Kong SAR, China (%) 12.8 2025 yearly 1999 - 2025
Hungary (%) -58.7 2020 yearly 1996 - 2020
Iceland (%) 3.9 2008 yearly 1996 - 2008
India (%) 1.8 Jan 2026 monthly Jan 2002 - Jan 2026
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 (%) 15.1 Dec 2025 monthly Jan 2001 - Dec 2025
Kazakhstan (%) -79.8 2020 yearly 1996 - 2020
Kenya (%) -1.2 2019 yearly 1996 - 2019
South Korea (%) 33.1 Jan 2026 monthly Jan 1976 - Jan 2026
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 (%) 25.5 Jan 2026 monthly Jul 2004 - Jan 2026
Mauritius (%) -1.7 Mar 2025 quarterly Mar 2006 - Mar 2025
Mexico (%) 3.9 Jan 2026 monthly Jan 1981 - Jan 2026
Moldova (%) -32.8 2020 yearly 1996 - 2020
Mongolia (%) -91.9 2020 yearly 1996 - 2020
Montenegro (%) -85.9 2020 yearly 2008 - 2020
Morocco (%) 32.7 Jan 2026 monthly Jan 1998 - Jan 2026
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 (%) 2.8 2025 yearly 1999 - 2025
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 (%) 30.2 2024 yearly 1991 - 2024
Philippines (%) 6.9 2024 yearly 1971 - 2024
Poland (%) -46.7 2020 yearly 1996 - 2020
Portugal (%) 5.6 Jan 2026 monthly Jul 2007 - Jan 2026
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 (%) 10.5 Sep 2025 quarterly Mar 2008 - Sep 2025
Slovakia (%) -61.1 2020 yearly 1996 - 2020
Slovenia (%) -57.7 2020 yearly 1996 - 2020
South Africa (%) 3.8 Dec 2025 monthly Sep 2005 - Dec 2025
Spain (%) 6.4 Dec 2025 monthly Jan 1994 - Dec 2025
Sri Lanka (%) 1.6 2025 yearly 1967 - 2025
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 (%) -5.6 Dec 2025 quarterly Dec 1985 - Dec 2025
Consolidated Fiscal Balance (USD mn) 2,795.265 Jan 2026 monthly Jan 1985 - Jan 2026
Tax Revenue (USD mn) 7,484.847 Jan 2026 monthly Jan 1985 - Jan 2026
Tax Revenue: % of GDP (%) 12.9 Dec 2025 quarterly Mar 1985 - Dec 2025
National Government Debt (USD mn) 307,939.9 Jan 2026 monthly Jan 1993 - Jan 2026
Government Debt: % of GDP (%) 63.2 Dec 2025 quarterly Mar 1993 - Dec 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) 949,968.000 Jan 2026 monthly Jan 2006 - Jan 2026
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 14,996,913.920 Jan 2026 monthly Jan 2006 - Jan 2026
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -4,048.1 Jan 2026 monthly Jan 1957 - Jan 2026
Total Exports (USD mn) 7,093.7 Jan 2026 monthly Jan 1979 - Jan 2026
Total Exports Growth (%) 7.9 Jan 2026 monthly Jan 1980 - Jan 2026
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 (%) -3.1 Jan 2026 monthly Jan 1980 - Jan 2026
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) 1,163.265 Jan 2026 monthly Jan 1978 - Jan 2026
Total Imports from USA (USD mn) 653.254 Jan 2026 monthly Jan 1986 - Jan 2026
Total Exports to China (USD mn) 691.798 Jan 2026 monthly Jan 1984 - Jan 2026
Total Imports from China (USD mn) 3,258.442 Jan 2026 monthly Jan 1986 - Jan 2026
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) 742.4 Dec 2025 monthly Jan 2005 - Dec 2025
Current Account Balance (USD mn) -379.1 Dec 2025 monthly Jan 1999 - Dec 2025
Current Account Balance: % of GDP (%) -4.0 Jun 2025 quarterly Mar 1981 - Jun 2025
Foreign Direct Investment (USD mn) 560.0 Dec 2025 monthly Jan 2005 - Dec 2025
Foreign Direct Investment: % of GDP (%) 1.5 Dec 2025 quarterly Mar 2005 - Dec 2025
Foreign Portfolio Investment (USD mn) -1,798.205 Dec 2025 quarterly Mar 2005 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) -1.3 Dec 2025 quarterly Mar 1981 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -157.2 Dec 2025 quarterly Mar 1996 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) -1,641.004 Dec 2025 quarterly Mar 1977 - Dec 2025
External Debt (USD mn) 147,650.8 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: % of GDP (%) 30.3 2025 yearly 1990 - 2025
External Debt: Short Term (USD mn) 21,409.3 Jun 2025 quarterly Mar 2005 - Jun 2025
External Debt: Short Term: % of GDP (%) 4.2 2025 yearly 2005 - 2025
Forecast: Current Account Balance (USD bn) -20.853 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -58,220.724 Sep 2025 quarterly Dec 2012 - Sep 2025
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -402.489 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: Change in Reserve Assets: Debit (USD mn) -836.308 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Secondary Income: Debit: Payments (USD mn) 125.809 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Net Incurrence of Liabilities (USD mn) 4,461.846 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 742.394 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Primary Income (USD mn) 32.767 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Credit: Receipts (USD mn) 10.278 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 559.994 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: Capital Account (CA) (USD mn) 9.231 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Goods (USD mn) -5,086.682 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Goods: Credit: Export (USD mn) 5,281.430 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Goods: Debit: Import (USD mn) 10,368.112 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -61.818 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Secondary Income (USD mn) 3,218.838 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Import (USD mn) 15,573.930 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 5,812.189 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Services: Debit: Import (USD mn) 3,624.841 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -71.054 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 5,578.880 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: Current Account (CA) (USD mn) -379.125 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,487.935 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: Financial Account (FA) (USD mn) 1,395.121 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Export (USD mn) 15,194.805 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) -1,839.284 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Debit: Payments (USD mn) 1.047 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Net Acquisition of Financial Assets (USD mn) 5,856.967 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Direct Investment (DI) (USD mn) 182.400 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Services (USD mn) 1,455.953 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Other Investments (OI) (USD mn) -6,214.679 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Portfolio Investment (PI) (USD mn) 7,418.164 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Primary Income: Debit: Payments (USD mn) 1,455.168 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 3,344.647 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Financial Derivatives (FD) (USD mn) 9.236 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Services: Credit: Export (USD mn) 5,080.793 Dec 2025 monthly Jan 2005 - Dec 2025
External Debt: By Country Profile: Country: USA (USD mn) 2,328.956 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: By Country Profile: Country: UK (USD mn) 4,003.006 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: Medium and Long Term (USD mn) 127,417.379 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: By Country Profile: Country: Japan (USD mn) 16,583.303 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: By Country Profile: Country: Germany (USD mn) 1,590.827 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: By Country Profile: Country: France (USD mn) 2,309.536 Dec 2025 quarterly Mar 2005 - Dec 2025
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
FDI: Approved: Information & Communication (PHP mn) 4,764.399 Dec 2025 quarterly Mar 2010 - Dec 2025
FDI: Approved: Real Estate Activities (PHP mn) 2,974.368 Dec 2025 quarterly Mar 2010 - Dec 2025
FDI: Approved: Transportation & Storage (PHP mn) 4,300.624 Dec 2025 quarterly Mar 2010 - Dec 2025
FDI: Approved: Administrative & Support Services (PHP mn) 4,154.339 Dec 2025 quarterly Mar 2010 - Dec 2025
FDI: Approved: Manufacturing (PHP mn) 34,676.438 Dec 2025 quarterly Mar 2010 - Dec 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.3 Jan 2026 monthly Mar 2008 - Jan 2026
Household Debt: % of GDP (%) 13.1 Dec 2025 quarterly Mar 2009 - Dec 2025
Non-Performing Loans (USD mn) 8,945.624 Dec 2025 quarterly Mar 2008 - Dec 2025
Money Supply M1 (USD mn) 128,711.040 Jan 2026 monthly Dec 1988 - Jan 2026
Money Supply M2 (USD mn) 327,357.063 Jan 2026 monthly Dec 1988 - Jan 2026
M2 Growth (%) 8.8 Jan 2026 monthly Dec 1989 - Jan 2026
Reserve Requirement Ratio (%) 5.0 Feb 2026 monthly May 1986 - Feb 2026
Foreign Exchange Reserves (USD mn) 85,516.7 Feb 2026 monthly Jan 1960 - Feb 2026
Foreign Exchange Reserves: Months of Import (NA) 7.8 Jan 2026 monthly Jan 1979 - Jan 2026
Gold Reserves (USD mn) 23,057.201 Feb 2026 monthly Dec 1956 - Feb 2026
Total Deposits (USD mn) 372,106.521 Dec 2025 quarterly Mar 2008 - Dec 2025
Total Deposits Growth (%) 7.4 Dec 2025 quarterly Mar 2009 - Dec 2025
Domestic Credit (USD mn) 378,640.7 Jan 2026 monthly Dec 2001 - Jan 2026
Domestic Credit Growth (%) 10.0 Jan 2026 monthly Dec 2002 - Jan 2026
Household Debt (USD mn) 62,484.4 Dec 2025 quarterly Mar 2009 - Dec 2025
Total Loans (USD mn) 265,290.219 Jan 2026 monthly Mar 2008 - Jan 2026
Total Loans Growth (%) 9.87 Jan 2026 monthly Mar 2009 - Jan 2026
Private Debt: % of Nominal GDP (%) 52.10 Dec 2025 quarterly Dec 2001 - Dec 2025
DCS: Domestic Claims (DC) (PHP mn) 22,297,395.699 Jan 2026 monthly Dec 2001 - Jan 2026
YoY: DCS: LA: M4: Foreign Currency Deposits of Residents (%) 8.609 Jan 2026 monthly Dec 2002 - Jan 2026
YoY: DCS: LA: M4: M3 (%) 8.819 Jan 2026 monthly Dec 2002 - Jan 2026
YoY: DCS: LA: M4: M3: Deposit Substitutes (%) 5.951 Jan 2026 monthly Dec 2002 - Jan 2026
YoY: DCS: LA: M4: M3: M2 (%) 6.765 Jan 2026 monthly Dec 2002 - Jan 2026
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 5.000 Feb 2026 monthly May 1986 - Feb 2026
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) 3,674.393 Dec 2025 quarterly Mar 2009 - Dec 2025
CL: PBS: Real Estate: Residential (PHP bn) 1,193.681 Dec 2025 quarterly Mar 2009 - Dec 2025
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) -15.2 Dec 2025 quarterly Jun 2002 - Dec 2025
Business Outlook: Index: Services: Current Quarter (Point) 39.087 Dec 2025 quarterly Jun 2001 - Dec 2025
Business Outlook: Index: Industry: Current Quarter (Point) 13.590 Dec 2025 quarterly Jun 2001 - Dec 2025
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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