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

The Philippines GDP advanced 1.1 percent quarter-on-quarter in the first quarter of 2016, slowing from an upwardly revised 2.1 percent expansion reported in the previous three months and below market expectations. It is the weakest growth since the June quarter 2015 as agriculture, hunting, forestry and fishing contracted sharply while services and industry sectors slowed. GDP Growth Rate in Philippines averaged 1.19 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. 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
1.10 2.10 3.40 -2.30 1998 - 2016 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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 1.1% 2.1% 1.6% 1.5%
2016-08-18 02:00 AM Q2 1.1% 0.9%
2016-11-17 02:00 AM Q3 1.2%

Philippines Economy Expands 1.1% QoQ in Q1


The Philippines GDP advanced 1.1 percent quarter-on-quarter in the first quarter of 2016, slowing from an upwardly revised 2.1 percent expansion reported in the previous three months and below market expectations. It is the weakest growth since the June quarter 2015 as agriculture, hunting, forestry and fishing contracted sharply while services and industry sectors slowed.

The agriculture sector shrank 3.3 percent, reversing from a 1.2 percent  growth in the December quarter. The industry sector expanded by 1.3 percent, easing from a 2.8 percent growth in the previous three months. The services sector grew by 1.7 percent, as compared to a 1.9 percent expansion in the fourth quarter

Year-on-year, the economy grew an annual 6.9 percent in the March quarter of 2016, accelerating from an upwardly revised 6.5 percent expansion in the previous three months and above market consensus of a 6.6 percent growth. It is the strongest expansion since the September quarter 2013,

PSA l Rida Husna | rida@tradingeconomics.com
5/19/2016 5:54:29 AM

Philippines GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.10 2.10 3.40 -2.30 percent [+]
GDP Annual Growth Rate 6.90 6.50 8.90 0.50 percent [+]
GDP 291.97 284.78 291.97 4.40 USD Billion [+]
GDP Constant Prices 1973891.00 1952223.00 1973891.00 825496.00 PHP Million [+]
Gross National Product 2378578.00 2336585.00 2378578.00 944320.00 PHP Million [+]
Gross Fixed Capital Formation 509481.02 518857.06 518857.06 163357.69 PHP Million [+]
GDP per capita 2635.04 2529.66 2635.04 1059.33 USD [+]
GDP per capita PPP 6925.52 6648.55 6925.52 3796.61 USD [+]
GDP From Agriculture 144889.30 175788.62 175788.62 114778.44 PHP Million [+]
GDP From Construction 158024.46 194529.59 194529.59 85502.67 PHP Million [+]
GDP From Manufacturing 459225.67 501178.30 501178.30 252377.26 PHP Million [+]
GDP From Mining 23531.08 15209.45 30306.94 10394.10 PHP Million [+]
GDP From Transport 61901.34 55928.54 65700.05 34827.71 PHP Million [+]
GDP From Utilities 59256.72 60133.05 69086.22 42117.43 PHP Million [+]




Last
Vietnam 7.01 Dec/15
Venezuela 6.80 Dec/13
Bangladesh 6.51 Dec/15
Sri Lanka 5.50 Mar/16
Angola 4.90 Dec/15
United Arab Emirates 4.60 Dec/14
Cape Verde 4.50 Dec/14
Morocco 4.50 Dec/15
Pakistan 4.24 Dec/15
Algeria 4.00 Dec/14
Macedonia 3.90 Mar/14
Egypt 3.80 Dec/15
Saudi Arabia 3.60 Dec/15
Dominican Republic 3.58 Dec/15
Mongolia 3.10 Mar/16
Rwanda 2.35 Dec/15
India 2.10 Mar/16
Botswana 1.80 Mar/16
China 1.80 Jun/16
Mozambique 1.80 Mar/16
Moldova 1.70 Mar/16
Serbia 1.60 Mar/16
El Salvador 1.55 Dec/15
Romania 1.50 Mar/16
Tanzania 1.50 Sep/10
Bolivia 1.30 Dec/15
Bosnia and Herzegovina 1.30 Mar/16
Chile 1.30 Mar/16
Kazakhstan 1.26 Dec/13
Albania 1.20 Mar/16
United States 1.20 Jun/16
Australia 1.10 Mar/16
Ghana 1.10 Mar/16
Philippines 1.10 Mar/16
Malaysia 1.00 Mar/16
Norway 1.00 Mar/16
Bahrain 0.90 Mar/16
Cyprus 0.90 Mar/16
Mauritius 0.90 Mar/16
Thailand 0.90 Mar/16
Paraguay 0.80 Mar/16
Singapore 0.80 Jun/16
Turkey 0.80 Mar/16
Bulgaria 0.70 Mar/16
Costa Rica 0.70 Dec/15
Denmark 0.70 Mar/16
Germany 0.70 Mar/16
Luxembourg 0.70 Mar/16
New Zealand 0.70 Mar/16
Slovakia 0.70 Mar/16
South Korea 0.70 Jun/16
Spain 0.70 Jun/16
Canada 0.60 Mar/16
Croatia 0.60 Apr/16
Finland 0.60 Mar/16
United Kingdom 0.60 Jun/16
Belgium 0.50 Jun/16
Japan 0.50 Mar/16
Netherlands 0.50 Mar/16
Slovenia 0.50 Mar/16
Czech Republic 0.40 Mar/16
European Union 0.40 Jun/16
Israel 0.40 Mar/16
Latvia 0.40 Jun/16
Tunisia 0.40 Mar/16
Austria 0.30 Jun/16
Euro Area 0.30 Jun/16
Italy 0.30 Mar/16
Malta 0.30 Mar/16
Sweden 0.30 Jun/16
Colombia 0.20 Mar/16
Portugal 0.20 Mar/16
Taiwan 0.15 Jun/16
Jamaica 0.10 Dec/15
Lithuania 0.10 Jun/16
Switzerland 0.10 Mar/16
Uruguay 0.10 Mar/16
Cameroon 0.05 Dec/15
Estonia 0.00 Mar/16
France 0.00 Jun/16
Peru 0.00 Mar/16
Poland -0.10 Mar/16
Belize -0.25 Dec/15
Brazil -0.30 Mar/16
Mexico -0.30 Jun/16
Indonesia -0.34 Mar/16
Hong Kong -0.40 Mar/16
Greece -0.50 Mar/16
Iceland -0.50 Mar/16
Qatar -0.50 Dec/15
Russia -0.57 Sep/15
Trinidad And Tobago -0.60 Dec/15
Argentina -0.70 Mar/16
Ukraine -0.70 Mar/16
Hungary -0.80 Mar/16
South Africa -1.20 Mar/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Namibia -1.60 Mar/16
Ecuador -1.90 Mar/16
Ireland -2.10 Mar/16
Nigeria -13.70 Mar/16
Senegal -14.10 Mar/16