East Asia & Pacific
🇵🇭 Philippines
Real-time economic and demographic statistics for Philippines
GDP
#37
of 214
Population
#14
of 217
GDP per Capita
#153
of 214
GDP Growth
#172
of 214
Share of World
0.42%
of world GDP
Income Level
Lower middle income
Philippines GDP (2015–2024)
+5.69%annual growth
Chart data: 2015: 306,445,871,242.322 USD, 2016: 318,627,003,016.731 USD, 2017: 328,480,736,802.76 USD, 2018: 346,841,896,587.313 USD, 2019: 376,823,402,239.136 USD, 2020: 361,751,145,451.597 USD, 2021: 394,087,359,848.11 USD, 2022: 404,353,369,604.631 USD, 2023: 437,055,627,244.424 USD, 2024: 461,617,509,782.355 USD
Demographics
115.8M
Population
+0.83%annual growth
Labor Market
2.15%
Unemployment Rate
-0.07ppannual change
Verified: Nov 2025
Economics
+3.21%
Inflation Rate
-2.77ppannual change
Frequently Asked Questions
- What is Philippines's GDP?
- Philippines's GDP is approximately $461.6 billion (2024, representing 0.4% of world GDP), making it the #37 largest economy out of 214 countries. Data sourced from the World Bank.
- What is Philippines's population?
- Philippines has a population of approximately 115.8M — the #14 most populous country in the world. Population data is collected annually by the World Bank from national statistical agencies.
- What is Philippines's GDP per capita?
- Philippines's GDP per capita is approximately $3,985, ranking #153 globally. This metric reflects average economic output per person and is a key indicator of living standards.
- How fast is Philippines's economy growing?
- Philippines's economy is currently growing at approximately 5.7% per year, ranking #172 globally by GDP growth rate. Data sourced from the World Bank.
- What region is Philippines in?
- Philippines is located in the East Asia & Pacific region and is classified as a lower middle income economy by the World Bank. This classification is based on gross national income (GNI) per capita.
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