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

The Philippines GDP advanced 1.8 percent quarter-on-quarter in the June quarter of 2016, accelerating from an upwardly revised 1.3 percent expansion reported in the previous three months and in line with market expectations. A faster increase in the services sector and a rebound in the agriculture sector offset a slowdown the industry sector. GDP Growth Rate in Philippines averaged 1.20 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
1.80 1.30 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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 1.8% 1.3% 1.8% 1.6%
2016-11-17 02:00 AM Q3 1.8% 1.2%

Philippines Economy Grows 1.8% QoQ in Q2


The Philippines GDP advanced 1.8 percent quarter-on-quarter in the June quarter of 2016, accelerating from an upwardly revised 1.3 percent expansion reported in the previous three months and in line with market expectations. A faster increase in the services sector and a rebound in the agriculture sector offset a slowdown the industry sector.

Agriculture, hunting, forestry and fishing grew by 0.9 percent, reversing from a 3.7 percent  decline in the March quarter. The services sector expanded 2.4 percent, as compared to a 1.8 percent growth in the first quarter. The industry sector rose 1.1 percent, easing from a 1.7 percent expansion in the previous three months.

Year-on-year, the economy grew an annual 7.0 percent in the second quarter of 2016, accelerating from a downwardly revised 6.8 percent expansion in the previous three months and beating market consensus of a 6.7 percent growth. It was the strongest expansion since the September quarter 2013.

PSA l Rida Husna | rida@tradingeconomics.com
8/18/2016 5:24:33 AM

Philippines GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.80 1.30 3.40 -2.30 percent [+]
GDP Annual Growth Rate 7.00 6.80 12.40 -11.10 percent [+]
GDP 291.97 284.78 291.97 4.40 USD Billion [+]
GDP Constant Prices 2011857.00 1976363.00 2011857.00 825496.00 PHP Million [+]
Gross National Product 2417063.00 2380206.00 2417063.00 944320.00 PHP Million [+]
Gross Fixed Capital Formation 514040.43 519970.10 519970.10 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 135287.70 145121.66 175788.62 114778.44 PHP Million [+]
GDP From Construction 213768.39 159423.37 213768.39 85502.67 PHP Million [+]
GDP From Manufacturing 461712.83 459043.31 501178.30 252377.26 PHP Million [+]
GDP From Mining 25028.78 23491.64 30306.94 10394.10 PHP Million [+]
Gdp From Public Administration 87977.98 69570.29 87977.98 43289.41 PHP Million [+]
GDP From Transport 71482.79 61979.72 71482.79 34827.71 PHP Million [+]
GDP From Utilities 69504.84 59355.13 69504.84 42117.43 PHP Million [+]




Last
Venezuela 6.80 Dec/13
Bangladesh 6.51 Dec/15
Vietnam 5.55 Jun/16
Sri Lanka 5.50 Mar/16
Angola 4.90 Dec/15
Cape Verde 4.50 Dec/14
Morocco 4.50 Dec/15
Pakistan 4.24 Dec/15
Indonesia 4.02 Jun/16
Algeria 4.00 Dec/14
Macedonia 3.90 Mar/14
United Arab Emirates 3.90 Dec/15
Egypt 3.80 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
Philippines 1.80 Jun/16
Costa Rica 1.75 Mar/16
Moldova 1.70 Mar/16
Hong Kong 1.60 Jun/16
Serbia 1.60 Mar/16
El Salvador 1.55 Dec/15
Romania 1.50 Jun/16
Saudi Arabia 1.50 Mar/16
Tanzania 1.50 Sep/10
Bosnia and Herzegovina 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
Hungary 1.10 Jun/16
Norway 1.00 Mar/16
Bahrain 0.90 Mar/16
Czech Republic 0.90 Jun/16
Israel 0.90 Jun/16
Mauritius 0.90 Mar/16
Poland 0.90 Jun/16
Slovakia 0.90 Jun/16
Paraguay 0.80 Mar/16
Thailand 0.80 Jun/16
Turkey 0.80 Mar/16
Bulgaria 0.70 Jun/16
Cyprus 0.70 Jun/16
Denmark 0.70 Mar/16
Luxembourg 0.70 Mar/16
Malaysia 0.70 Jun/16
New Zealand 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
Netherlands 0.60 Jun/16
Ukraine 0.60 Jun/16
United Kingdom 0.60 Jun/16
Belgium 0.50 Jun/16
Slovenia 0.50 Mar/16
European Union 0.40 Jun/16
Germany 0.40 Jun/16
Latvia 0.40 Jun/16
Tunisia 0.40 Mar/16
Austria 0.30 Jun/16
Estonia 0.30 Jun/16
Euro Area 0.30 Jun/16
Finland 0.30 Jun/16
Greece 0.30 Jun/16
Malta 0.30 Mar/16
Singapore 0.30 Jun/16
Sweden 0.30 Jun/16
Colombia 0.20 Mar/16
Portugal 0.20 Jun/16
Taiwan 0.15 Jun/16
Lithuania 0.10 Jun/16
Switzerland 0.10 Mar/16
Uruguay 0.10 Mar/16
Cameroon 0.05 Dec/15
France 0.00 Jun/16
Italy 0.00 Jun/16
Japan 0.00 Jun/16
Mozambique 0.00 Jun/16
Peru 0.00 Mar/16
Trinidad And Tobago -0.10 Dec/15
Mexico -0.20 Jun/16
Brazil -0.30 Mar/16
Chile -0.40 Jun/16
Iceland -0.50 Mar/16
Qatar -0.50 Dec/15
Bolivia -0.56 Mar/16
Russia -0.57 Sep/15
Jamaica -0.60 Mar/16
Argentina -0.70 Mar/16
Belize -1.07 Mar/16
South Africa -1.20 Mar/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Namibia -1.60 Mar/16
Dominican Republic -1.67 Mar/16
Ecuador -1.90 Mar/16
Ireland -2.10 Mar/16
Nigeria -13.70 Mar/16
Senegal -14.10 Mar/16