Philippines GDP Growth Rate  1998-2016 | Data | Chart | Calendar

The Philippines GDP advanced 2.0 percent quarter-on-quarter in the fourth quarter of 2015, accelerating from an upwardly revised 1.4 percent expansion reported in October to December but below market expectations. The expansion was mainly driven by a rebound in agriculture sector and a faster increase in industry while services sector slowed. GDP Growth Rate in Philippines averaged 1.19 percent from 1998 until 2015, reaching an all time high of 3.30 percent in the first quarter of 2010 and a record low of -2.40 percent in the first quarter of 2009. GDP Growth Rate in Philippines is reported by the Philippine National Statistical Coordination Board.

Philippines GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
2.00 1.10 3.30 -2.40 1998 - 2015 percent Quarterly
The Philippines has a status of emerging economy. In recent years, the country has been steadily growing mainly due to inflow of foreign direct investment and remittances. The Philippines is the world’s largest center for business process outsourcing. The country also has a strong industrial sector based on the manufacturing of electronics and other high-tech components for overseas corporations. The Philippines is rich in natural resources; it has significant reserves of chromite, nickel, copper, coal and oil. This page provides - Philippines GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-08-27 03:00 AM Q2 1.8% 0.4% 2% 1%
2015-11-26 02:00 AM Q3 1.1% 2.0% 1.5% 1.65%
2016-01-28 02:00 AM Q4 2.0% 1.4% 2.2% 1.22%
2016-05-19 02:00 AM Q1 2.0% 1.48%
2016-08-24 02:00 AM Q2 0.8%
2016-11-25 02:00 AM Q3 0.7%

Philippines Economy Expands 2.0% QoQ in Q4


The Philippines GDP advanced 2.0 percent quarter-on-quarter in the fourth quarter of 2015, accelerating from an upwardly revised 1.4 percent expansion reported in October to December but below market expectations. The expansion was mainly driven by a rebound in agriculture sector and a faster increase in industry while services sector slowed.

The agriculture sector grew by 1.8 percent, reversing from a 0.8 percent contraction in the September quarter. The industry sector expanded by 2.9 percent, faster than a 1.3 percent growth in the previous three months. The services sector grew by 1.5 percent, as compared to a 1.8 percent expansion in the third quarter

Year-on-year, the economy grew an annual 6.3 percent in the September quarter of 2015, accelerating from an upwardly revised 6.1 percent expansion in the previous three months and above market consensus. It is the highest growth since the fourth quarter of last year, as all of its components showed an expansion. 

PSA l Rida Husna | rida@tradingeconomics.com
1/28/2016 4:27:40 AM

Philippines GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.00 1.10 3.30 -2.40 percent [+]
GDP Annual Growth Rate 5.80 6.10 8.90 0.50 percent [+]
GDP 284.78 271.93 284.78 4.40 USD Billion [+]
GDP Constant Prices 1945599.00 1901420.00 1945599.00 825496.00 PHP Million [+]
Gross National Product 2336585.00 2280919.00 2336585.00 944320.00 PHP Million [+]
Gross Fixed Capital Formation 517216.60 428362.11 517216.60 163357.69 PHP Million [+]
GDP per capita 1649.35 1581.49 1649.35 696.05 USD [+]
GDP per capita PPP 6597.66 6326.21 6597.66 3804.48 USD [+]
GDP From Agriculture 175617.24 123302.58 175617.24 114778.44 PHP Million [+]
GDP From Construction 200088.94 165953.62 200088.94 85502.67 PHP Million [+]
GDP From Manufacturing 503551.90 399721.04 503551.90 252377.26 PHP Million [+]
GDP From Mining 14325.66 15257.80 27935.07 10394.10 PHP Million [+]
GDP From Transport 56380.17 51663.20 65526.13 34827.71 PHP Million [+]
GDP From Utilities 56728.77 68066.62 68066.62 42117.43 PHP Million [+]




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Ireland 2.70 Dec/15
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Philippines 2.00 Dec/15
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India 1.70 Dec/15
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Malaysia 1.50 Dec/15
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Tanzania 1.50 Sep/10
Trinidad And Tobago 1.50 Sep/15
Kenya 1.40 Sep/15
Ukraine 1.40 Dec/15
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Sweden 1.30 Dec/15
Kazakhstan 1.26 Dec/13
Malta 1.12 Sep/15
China 1.10 Mar/16
Luxembourg 1.10 Dec/15
Romania 1.10 Dec/15
Costa Rica 1.04 Sep/15
Hungary 1.00 Dec/15
Slovakia 1.00 Dec/15
Israel 0.94 Dec/15
Estonia 0.90 Dec/15
New Zealand 0.90 Dec/15
Paraguay 0.90 Dec/15
Lithuania 0.80 Mar/16
Mexico 0.80 Mar/16
Spain 0.80 Mar/16
Thailand 0.80 Dec/15
Tunisia 0.80 Dec/15
Taiwan 0.76 Mar/16
Albania 0.73 Dec/15
Bulgaria 0.70 Dec/15
Turkey 0.70 Dec/15
Australia 0.60 Dec/15
Colombia 0.60 Dec/15
Euro Area 0.60 Mar/16
Slovenia 0.60 Dec/15
South Africa 0.60 Dec/15
Argentina 0.50 Jun/15
European Union 0.50 Mar/16
France 0.50 Mar/16
United States 0.50 Mar/16
Austria 0.40 Mar/16
Cyprus 0.40 Dec/15
South Korea 0.40 Mar/16
Switzerland 0.40 Dec/15
United Kingdom 0.40 Mar/16
Bosnia and Herzegovina 0.30 Dec/15
Germany 0.30 Dec/15
Netherlands 0.30 Dec/15
Belgium 0.20 Mar/16
Canada 0.20 Dec/15
Hong Kong 0.20 Dec/15
Portugal 0.20 Dec/15
Bahrain 0.10 Dec/15
Chile 0.10 Dec/15
Denmark 0.10 Dec/15
Ecuador 0.10 Dec/15
Finland 0.10 Dec/15
Greece 0.10 Dec/15
Italy 0.10 Dec/15
Uruguay 0.10 Dec/15
Czech Republic 0.00 Dec/15
Mauritius 0.00 Dec/15
Serbia 0.00 Dec/15
Singapore 0.00 Mar/16
Latvia -0.10 Mar/16
Moldova -0.10 Dec/15
Belize -0.25 Dec/15
Japan -0.30 Dec/15
Indonesia -0.34 Mar/16
Croatia -0.50 Dec/15
Qatar -0.50 Dec/15
Russia -0.57 Sep/15
Iceland -1.10 Dec/15
Jamaica -1.20 Sep/15
Norway -1.20 Dec/15
Brazil -1.40 Dec/15
Mozambique -2.10 Dec/15
Bolivia -9.72 Jun/15