Philippines GDP Growth Rate 1998-2014 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Philippines expanded 1.90 percent in the second quarter of 2014 over the previous quarter. GDP Growth Rate in Philippines averaged 1.15 Percent from 1998 until 2014, reaching an all time high of 3.20 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


Actual Previous Highest Lowest Dates Unit Frequency
1.90 1.40 3.20 -2.40 1998 - 2014 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. Content for - Philippines GDP Growth Rate - was last refreshed on Sunday, October 26, 2014.


Philippines Economy Grows 1.9% QoQ in Q2


In the second quarter of 2014, the Philippines GDP advanced 1.9 percent on a seasonally adjusted basis over the previous quarter, higher than a revised 1.4 percent expansion in the previous three months and the fastest in the last five quarters. All major sectors posted growth.

The industry sector grew 2.8 percent during April to June period, faster than 1.7 percent in the previous period. Agriculture accelerated 1.3 percent from 0,4 percent in the preceding quarter and industry slowed 1.4 percent from 1.9 percent in the first quarter of 2014.

Year-on-year, the economy advanced 6.4 percent in Q2, up from a revised 5.6 percent expansion in the first three months of 2014.

National Statistics Coordination Board l Rida l rida@tradingeconomics.com
8/28/2014 9:14:41 AM


Recent Releases

Philippines Economy Expands 1.2% QoQ in Q1
In the first quarter of 2014, the Philippines GDP advanced 1.2 percent on a seasonally adjusted basis over the previous quarter, slower than a revised 1.7 percent expansion in the previous three months, hurt by lower agricultural production. Published on 2014-05-29

Philippines GDP Expands 1.5% QoQ in Q4 2013
In the fourth quarter of 2013, Philippines GDP advanced 1.5 percent over the previous quarter, slightly up from a revised 1.3 percent in the previous three-month period and boosted by the industrial production. Published on 2014-01-30


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-11-28 02:00 AM Philippines
GDP Growth Rate QoQ
Q3 2013 1.1% 1.6% (R) 1.43%
2014-01-30 02:00 AM Philippines
GDP Growth Rate QoQ
Q4 2013 1.5% 1.3% (R) 1.97%
2014-05-29 03:00 AM Philippines
GDP Growth Rate QoQ
Q1 2014 1.2% 1.7% (R) 2.5% 1.68%
2014-08-28 03:00 AM Philippines
GDP Growth Rate QoQ
Q2 2014 1.9% 1.4% (R) 2.0% 1.88%
2014-11-27 02:00 AM Philippines
GDP Growth Rate QoQ
Q3 2014 1.9% 1.14%


Philippines GDP Last Previous Highest Lowest Unit
GDP 272.02 250.18 272.02 4.40 USD Billion [+]
GDP Growth Rate 1.90 1.40 3.20 -2.40 Percent [+]
GDP Annual Growth Rate 6.40 5.60 8.90 0.50 Percent [+]
GDP Constant Prices 1784735.00 1752094.00 1784735.00 825496.00 PHP Million [+]
Gross National Product 2103052.00 2072082.00 2103052.00 939555.00 PHP Million [+]
GDP per capita 1581.01 1501.83 1581.01 696.02 USD [+]
Gross Fixed Capital Formation 351803.34 409067.78 409067.78 163357.69 PHP Million [+]
GDP per capita PPP 6324.58 6004.78 6324.58 3804.45 USD [+]