East Asia & Pacific · Upper middle income
Philippines: the economy in numbers
Per person: $4,171, or $12,577 at purchasing power parity. Population: 117 million (2025).
$487B+4.4%real GDP growth, 2025
GDP in 2025, current US dollars: #33 of 204 economies. IMF forecast for 2026: +3.4%.
GDP per capita
$4,171
2025 · #142 of 204
GDP per capita, PPP
$12,577
2025 · #130 of 197
Inflation
1.7%
2025 · IMF forecast 2026: 5.6%
Government debt
59.1%
2025 · % of GDP, general government
Population
117M
2025 · #14 of 217
Unemployment
2.2%
2025 · ILO estimate
Stock market capitalization
47.6%
2025 · % of GDP · $232B
Life expectancy
69.9 years
2024
GDP
Adjusted for US inflation, in 2025 dollars: $81.9 billion in 1960, $487 billion in 2025.
GDP per capita
In 2025 dollars: $2,936 per person in 1960, $4,171 in 2025.
GDP per capitaGDP per capita, PPP (international $)
Real GDP growth
Average over 2016–2025: 4.5% a year. Years of falling GDP since 1961: 5 of 65.
Source: International Monetary Fund, World Economic Outlook (October 2026)
Inflation
Consumer prices rose 2.55 times from 2000 to 2025. Highest annual inflation: 50.3% in 1984.
Source: International Monetary Fund, World Economic Outlook (October 2026)
Government debt, % of GDP
Highest since 1993: 73.9% of GDP in 1993. IMF forecast for 2031: 56.4%.
General government (IMF)Central government only (World Bank)
Source: World Bank, World Development Indicators (CC BY 4.0)
Stock market capitalization, % of GDP
In 2025 listed domestic companies were worth $232 billion, or 47.6% of GDP.
Population
1960: 27.9 million · 2025: 117 million.
Unemployment rate
1991: 3.7% · 2025: 2.2%.
Life expectancy at birth
1960: 59.2 years · 2024: 69.9 years.
Exports of goods and services
1981: 16.2% · 2025: 26.6%.
Data by year
Show the year-by-year table
| Year | GDP | GDP per capita | Per capita, PPP | Real growth | Inflation | Gov. debt, % GDP | Population | Unemployment | Stock market, % GDP | Life expectancy | Exports, % GDP |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2031 | 5.8%f | 3.0%f | 56.4%f | ||||||||
| 2030 | 5.8%f | 3.0%f | 58.2%f | ||||||||
| 2029 | 5.8%f | 3.0%f | 59.7%f | ||||||||
| 2028 | 5.5%f | 3.2%f | 60.4%f | ||||||||
| 2027 | 5.1%f | 4.1%f | 60.5%f | ||||||||
| 2026 | 3.4%f | 5.6%f | 60.5%f | ||||||||
| 2025 | $487B | $4,171 | $12,577 | 4.4% | 1.7% | 59.1% | 117M | 2.2% | 47.6% | 26.6% | |
| 2024 | $462B | $3,985 | $11,814 | 5.7% | 3.2% | 56.6% | 116M | 2.2% | 54.5% | 69.9 | 25.7% |
| 2023 | $437B | $3,804 | $10,995 | 5.5% | 6.0% | 56.5% | 115M | 2.2% | 54.1% | 69.8 | 26.6% |
| 2022 | $404B | $3,548 | $10,130 | 7.6% | 5.8% | 57.4% | 114M | 2.6% | 59.0% | 69.5 | 28.4% |
| 2021 | $394B | $3,484 | $8,858 | 5.7% | 3.9% | 57.0% | 113M | 3.4% | 72.4% | 66.7 | 25.8% |
| 2020 | $362B | $3,228 | $8,238 | −9.5% | 2.4% | 51.6% | 112M | 2.5% | 75.4% | 70.1 | 25.2% |
| 2019 | $377B | $3,401 | $8,924 | 6.1% | 2.4% | 37.0% | 111M | 2.2% | 73.1% | 69.7 | 28.4% |
| 2018 | $347B | $3,169 | $8,358 | 6.3% | 5.3% | 37.1% | 109M | 2.3% | 74.4% | 69.8 | 30.2% |
| 2017 | $328B | $3,038 | $7,774 | 6.9% | 2.9% | 38.1% | 108M | 2.6% | 88.4% | 70.0 | 29.6% |
| 2016 | $319B | $2,985 | $7,383 | 7.1% | 1.3% | 37.4% | 107M | 2.7% | 75.2% | 69.5 | 26.7% |
| 2015 | $306B | $2,910 | $6,894 | 6.3% | 0.7% | 39.7% | 105M | 3.1% | 77.9% | 69.5 | 27.2% |
| 2014 | $297B | $2,867 | $6,689 | 6.3% | 3.6% | 40.3% | 104M | 3.6% | 88.0% | 69.3 | 27.4% |
| 2013 | $284B | $2,781 | $6,373 | 6.8% | 2.6% | 43.9% | 102M | 3.5% | 76.5% | 69.3 | 26.2% |
| 2012 | $262B | $2,615 | $6,094 | 6.9% | 3.0% | 45.7% | 100M | 3.5% | 87.6% | 69.2 | 27.5% |
| 2011 | $234B | $2,384 | $5,705 | 3.9% | 4.7% | 45.4% | 98.2M | 3.6% | 70.5% | 69.1 | 29.1% |
| 2010 | $208B | $2,163 | $5,489 | 7.3% | 3.8% | 47.6% | 96.3M | 3.6% | 75.5% | 68.9 | 32.9% |
| 2009 | $176B | $1,864 | $5,157 | 1.4% | 4.2% | 49.8% | 94.4M | 3.9% | 49.1% | 68.6 | 30.2% |
| 2008 | $182B | $1,959 | $5,144 | 4.3% | 8.3% | 50.0% | 92.7M | 3.7% | 28.6% | 68.6 | 33.4% |
| 2007 | $156B | $1,713 | $4,923 | 6.5% | 2.9% | 50.2% | 91.1M | 3.4% | 65.9% | 68.5 | 38.0% |
| 2006 | $128B | $1,426 | $4,579 | 5.3% | 5.5% | 57.2% | 89.5M | 4.1% | 53.2% | 68.2 | 41.2% |
| 2005 | $107B | $1,220 | $4,289 | 4.9% | 6.5% | 64.7% | 88M | 3.8% | 37.0% | 68.4 | 41.2% |
| 2004 | $95B | $1,100 | $4,037 | 6.6% | 4.8% | 71.1% | 86.4M | 3.6% | 30.1% | 68.3 | 41.8% |
| 2003 | $87B | $1,027 | $3,761 | 5.1% | 2.3% | 71.4% | 84.7M | 3.5% | 26.6% | 68.0 | 42.3% |
| 2002 | $84.3B | $1,015 | $3,580 | 3.7% | 2.7% | 65.2% | 83.1M | 3.6% | 22.0% | 67.9 | 40.0% |
| 2001 | $78.9B | $970 | $3,469 | 3.0% | 5.3% | 59.5% | 81.4M | 3.7% | 26.9% | 67.8 | 41.2% |
| 2000 | $83.7B | $1,051 | $3,366 | 4.4% | 4.0% | 59.2% | 79.6M | 3.8% | 31.1% | 67.8 | 43.3% |
| 1999 | $85.6B | $1,101 | $3,229 | 3.3% | 5.9% | 54.2% | 77.8M | 3.8% | 49.3% | 67.5 | 38.4% |
| 1998 | $74.5B | $983 | $3,160 | −0.5% | 9.2% | 50.8% | 75.8M | 3.7% | 47.4% | 67.2 | 37.8% |
| 1997 | $94.1B | $1,273 | $3,221 | 5.2% | 5.6% | 56.9% | 73.9M | 3.6% | 33.3% | 67.0 | 35.1% |
| 1996 | $94.6B | $1,311 | $3,082 | 5.9% | 7.5% | 53.1% | 72.2M | 3.6% | 85.2% | 66.7 | 28.9% |
| 1995 | $84.6B | $1,200 | $2,926 | 4.6% | 6.8% | 60.8% | 70.5M | 3.7% | 66.3 | 25.9% | |
| 1994 | $73.2B | $1,060 | $2,800 | 4.4% | 10.4% | 63.6% | 69M | 3.8% | 66.0 | 24.1% | |
| 1993 | $62B | $919 | $2,684 | 2.2% | 6.7% | 73.9% | 67.5M | 3.9% | 65.7 | 22.3% | |
| 1992 | $60.4B | $917 | $2,629 | 0.4% | 8.7% | 65.9M | 3.8% | 65.4 | 20.8% | ||
| 1991 | $51.8B | $804 | $2,621 | −0.4% | 19.3% | 64.4M | 3.7% | 64.6 | 21.0% | ||
| 1990 | $50.5B | $804 | $2,608 | 3.1% | 12.2% | 62.9M | 64.4 | 19.4% | |||
| 1989 | $48.5B | $792 | 6.2% | 12.2% | 61.3M | 64.1 | 19.7% | ||||
| 1988 | $43.2B | $722 | 6.7% | 13.9% | 59.7M | 63.7 | 20.0% | ||||
| 1987 | $37.8B | $650 | 4.4% | 4.1% | 58.2M | 63.3 | 18.5% | ||||
| 1986 | $34B | $600 | 3.5% | 1.1% | 56.6M | 62.9 | 18.6% | ||||
| 1985 | $35B | $633 | −6.9% | 23.1% | 55.2M | 62.7 | 17.0% | ||||
| 1984 | $35.7B | $665 | −7.0% | 50.3% | 53.7M | 62.4 | 16.9% | ||||
| 1983 | $37.8B | $723 | 1.9% | 10.0% | 52.2M | 62.3 | 14.7% | ||||
| 1982 | $42.2B | $833 | 3.7% | 10.2% | 50.7M | 62.2 | 13.9% | ||||
| 1981 | $40.5B | $821 | 3.4% | 13.1% | 49.3M | 61.9 | 16.2% | ||||
| 1980 | $36.8B | $767 | 5.2% | 18.2% | 48M | 61.9 | |||||
| 1979 | $31.2B | $667 | 5.6% | 17.5% | 46.8M | 61.7 | |||||
| 1978 | $25.8B | $565 | 5.2% | 7.3% | 45.6M | 61.5 | |||||
| 1977 | $22.3B | $502 | 5.6% | 9.9% | 44.4M | 61.4 | |||||
| 1976 | $19.4B | $449 | 8.8% | 9.2% | 43.2M | 60.9 | |||||
| 1975 | $16.9B | $401 | 5.5% | 6.8% | 42.1M | 60.9 | |||||
| 1974 | $15.6B | $379 | 3.4% | 34.2% | 41.2M | 60.8 | |||||
| 1973 | $11.4B | $283 | 8.8% | 16.6% | 40.3M | 60.7 | |||||
| 1972 | $9.07B | $230 | 5.4% | 8.2% | 39.4M | 60.9 | |||||
| 1971 | $8.38B | $217 | 5.4% | 21.4% | 38.5M | 61.1 | |||||
| 1970 | $7.56B | $201 | 3.7% | 14.4% | 37.6M | 60.8 | |||||
| 1969 | $9.57B | $261 | 4.7% | 2.0% | 36.7M | 61.0 | |||||
| 1968 | $8.63B | $242 | 5.0% | 2.4% | 35.6M | 60.9 | |||||
| 1967 | $7.72B | $223 | 5.2% | 6.3% | 34.6M | 60.8 | |||||
| 1966 | $7.19B | $214 | 4.4% | 5.4% | 33.6M | 60.6 | |||||
| 1965 | $6.52B | $200 | 5.3% | 2.6% | 32.6M | 60.4 | |||||
| 1964 | $5.95B | $188 | 3.4% | 8.2% | 31.6M | 60.1 | |||||
| 1963 | $5.51B | $179 | 7.0% | 5.6% | 30.7M | 60.0 | |||||
| 1962 | $4.95B | $167 | 4.8% | 5.8% | 29.7M | 59.8 | |||||
| 1961 | $8.17B | $284 | 5.7% | 1.6% | 28.8M | 59.5 | |||||
| 1960 | $7.52B | $269 | 4.2% | 27.9M | 59.2 |
e: IMF estimate; f: IMF forecast.
Nearby economies in East Asia & Pacific
Nearest by distance between capitals, with GDP per capita.
American Samoa · Australia · Brunei · Cambodia · China · Fiji · French Polynesia · Guam · Hong Kong · Indonesia · Japan · Kiribati · Laos · Macao · Malaysia · Marshall Islands · Micronesia · Mongolia · Myanmar · Nauru · New Caledonia · New Zealand · North Korea · Northern Mariana Islands · Palau · Papua New Guinea · Philippines · Samoa · Singapore · Solomon Islands · South Korea · Thailand · Timor-Leste · Tonga · Tuvalu · Vanuatu · Vietnam
Rankings
GDP by country · GDP per capita · Real GDP growth · Inflation by country · Government debt to GDP · Stock market to GDP · Population by country · Unemployment by country
Data and methods
- GDP: gross domestic product in current US dollars, converted from the local currency at market exchange rates (World Bank); not adjusted for inflation.
- Purchasing power parity (PPP): GDP per person in international dollars, which buy the same basket of goods and services in every country. It compares living standards across countries in the same year; it is not adjusted for inflation over time.
- In 2025 dollars: the charts can remove US inflation (US consumer price index, annual average) so that dollar amounts from different years compare in today's money. Exchange rate swings still show.
- Growth and inflation: World Bank data (calendar years). Years the World Bank does not cover yet, and the estimates and forecasts, come from the IMF World Economic Outlook (October 2026): its forecasts start in 2026, and the years after a country's last actual year are IMF estimates.
- Government debt: gross debt of the general government (central, state and local government and social security funds) as a percentage of GDP, IMF. The World Bank's central government debt is narrower and covers fewer countries.
- Stock market capitalization: the end-of-year value of domestic companies listed on the country's exchanges (World Federation of Exchanges via the World Bank; before 2016, Standard & Poor's), as a percentage of GDP: the “Buffett indicator”. Investment funds are excluded, and so are companies listed only abroad; companies from elsewhere that list on an exchange count for its country (Hong Kong lists many mainland Chinese companies).
- Unemployment: ILO modeled estimates (share of the labor force); comparable across countries, but they may differ from national figures.
Source: World Bank, World Development Indicators (CC BY 4.0)
Source: International Monetary Fund, World Economic Outlook (October 2026)