Philippines GDP Growth Rate  1998-2017 | Data | Chart | Calendar

The Philippines GDP expanded 1.7 percent quarter-on-quarter in the three months to December 2016, compared to an upwardly revised 1.5 percent growth in the September quarter and slightly above markets estimates of a 1.6 percent growth. The services sector grew at a faster pace while the industry sector slowed and the agriculture contracted. GDP Growth Rate in Philippines averaged 1.22 percent from 1998 until 2016, reaching an all time high of 3.40 percent in the first quarter of 2010 and a record low of -2.30 percent in the first quarter of 2009.

Philippines GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-08-18 02:00 AM Q2 1.8% 1.3% 1.8% 1.6%
2016-11-17 02:00 AM Q3 1.2% 2.1% 1.1% 1.6%
2017-01-26 02:30 AM Q4 1.7% 1.5% 1.6% 1.40%
2017-05-18 02:00 AM Q1 1.7% 1.54%
2017-08-17 02:00 AM Q2 1.49%
2017-11-16 02:00 AM Q3 1.52%




Philippines Economy Expands 1.7% QoQ in Q4


The Philippines GDP expanded 1.7 percent quarter-on-quarter in the three months to December 2016, compared to an upwardly revised 1.5 percent growth in the September quarter and slightly above markets estimates of a 1.6 percent growth. The services sector grew at a faster pace while the industry sector slowed and the agriculture contracted.

In the fourth quarter, the services sector rose 2.0 percent, up significantly from a 0.9 percent rise in the September quarter. The industry sector advananced 2.0 percent, slower than a 2.0  percent expansion in the previous three months. In contrast, the agriculture, hunting, forestry and fishing shrank 1.1 percent, after growing 2.3 percent rise in the third quarter. It was the first decline since the March quarter 2016.

Year-on-year, the economy grew an annual 6.6 percent, following a downwardly revised 7.0 percent expansion in the previous two quarters but slightly above market consensus of a 6.5 percent growth. It was the weakest expansion since the December quarter 2015.


For full 2016, the economy grew by 6.8 percent, faster than a 5.9 percent expansion in 2015.

PSA l Rida Husna | rida@tradingeconomics.com
1/26/2017 4:38:03 AM



Philippines GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.70 1.50 3.40 -2.30 percent [+]
GDP Annual Growth Rate 6.60 7.00 12.40 -11.10 percent [+]
GDP 292.45 284.80 292.45 4.40 USD Billion [+]
GDP Constant Prices 2079491.00 2039955.00 2079491.00 825496.00 PHP Million [+]
Gross National Product 2494692.00 2442142.00 2494692.00 944320.00 PHP Million [+]
Gross Fixed Capital Formation 615842.39 529415.83 615842.39 163357.69 PHP Million [+]
GDP per capita 2639.90 2531.90 2639.90 1059.33 USD [+]
GDP per capita PPP 6938.21 6654.49 6938.21 3796.61 USD [+]
GDP From Agriculture 174563.28 128819.17 175788.62 114778.44 PHP Million [+]
GDP From Construction 212997.44 193310.28 213768.39 85502.67 PHP Million [+]
GDP From Manufacturing 535769.45 428371.89 535769.45 252377.26 PHP Million [+]
GDP From Mining 15133.33 16378.55 30306.94 10394.10 PHP Million [+]
Gdp From Public Administration 84381.40 75637.54 87977.98 43289.41 PHP Million [+]
Gdp From Services 1229220.40 1147919.50 1229220.40 675416.60 PHP Million [+]
GDP From Transport 60707.69 56984.47 71482.79 34827.71 PHP Million [+]
GDP From Utilities 65483.83 75660.94 75660.94 42117.43 PHP Million [+]



Philippines GDP Growth Rate Notes

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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.70 1.50 3.40 -2.30 1998 - 2016 percent Quarterly



Last
Singapore 12.30 Dec/16
Nigeria 8.99 Sep/16
Bangladesh 7.05 Dec/16
Venezuela 6.80 Dec/13
Vietnam 6.68 Dec/16
Namibia 6.00 Sep/16
Egypt 4.90 Mar/16
Rwanda 4.80 Sep/16
Iceland 4.70 Sep/16
Cape Verde 4.50 Dec/14
Morocco 4.50 Dec/15
Pakistan 4.24 Dec/15
Sri Lanka 4.10 Sep/16
Algeria 4.00 Dec/14
Ireland 4.00 Sep/16
Macedonia 3.90 Mar/14
United Arab Emirates 3.90 Dec/15
Qatar 3.60 Sep/16
Mauritius 3.10 Sep/16
Angola 3.00 Dec/16
Ukraine 1.90 Dec/16
United States 1.90 Dec/16
India 1.80 Sep/16
Bahrain 1.70 Sep/16
China 1.70 Dec/16
Croatia 1.70 Sep/16
Philippines 1.70 Dec/16
Poland 1.70 Dec/16
Israel 1.50 Dec/16
Tanzania 1.50 Sep/10
Malaysia 1.40 Dec/16
Mongolia 1.40 Jun/16
Lithuania 1.30 Dec/16
Romania 1.30 Dec/16
Kazakhstan 1.26 Dec/13
Hong Kong 1.20 Dec/16
Costa Rica 1.15 Sep/16
Ghana 1.10 Sep/16
New Zealand 1.10 Sep/16
Norway 1.10 Dec/16
Uruguay 1.10 Sep/16
Bosnia and Herzegovina 1.00 Sep/16
Colombia 1.00 Dec/16
Slovenia 1.00 Sep/16
Albania 0.90 Sep/16
Bulgaria 0.90 Dec/16
Canada 0.90 Sep/16
Jamaica 0.90 Sep/16
Saudi Arabia 0.90 Sep/16
Latvia 0.80 Dec/16
Slovakia 0.80 Dec/16
Mexico 0.70 Dec/16
Spain 0.70 Dec/16
United Kingdom 0.70 Dec/16
Chile 0.60 Sep/16
Moldova 0.60 Jun/16
Peru 0.60 Dec/16
Portugal 0.60 Dec/16
Austria 0.50 Dec/16
Cyprus 0.50 Dec/16
Ecuador 0.50 Sep/16
European Union 0.50 Dec/16
Netherlands 0.50 Dec/16
Paraguay 0.50 Sep/16
Sweden 0.50 Sep/16
Taiwan 0.45 Dec/16
Belgium 0.40 Dec/16
Denmark 0.40 Dec/16
Euro Area 0.40 Dec/16
France 0.40 Dec/16
Germany 0.40 Dec/16
Hungary 0.40 Dec/16
South Korea 0.40 Dec/16
Thailand 0.40 Dec/16
Cameroon 0.30 Mar/16
Czech Republic 0.20 Dec/16
Estonia 0.20 Sep/16
Italy 0.20 Dec/16
Japan 0.20 Dec/16
Malta 0.20 Jun/16
South Africa 0.20 Sep/16
Tunisia 0.20 Sep/16
El Salvador 0.13 Sep/16
Kenya 0.10 Sep/16
Belize 0.04 Sep/16
Serbia 0.00 Jun/16
Switzerland 0.00 Sep/16
Luxembourg -0.10 Sep/16
Argentina -0.20 Sep/16
Uganda -0.20 Sep/16
Greece -0.40 Dec/16
Australia -0.50 Sep/16
Finland -0.50 Dec/16
Bolivia -0.56 Mar/16
Russia -0.57 Sep/15
Botswana -0.80 Sep/16
Brazil -0.80 Sep/16
Mozambique -1.70 Dec/16
Senegal -1.70 Sep/16
Indonesia -1.77 Dec/16
Dominican Republic -2.18 Sep/16
Turkey -2.70 Sep/16
Trinidad And Tobago -2.80 Jun/16