Philippines GDP Growth Rate (2026)
The Philippines has a fast-growing Southeast Asian economy supported by services, household consumption, remittances, construction, and investment. This page explores its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+4.1%
Annual real GDP growth
World Rank
#51
Out of 195 countries
Change vs 2025
-0.3 pp
2025: +4.4%
Asia Rank
#18
Out of 49 countries
1. Philippines GDP Growth Rate in 2026
Philippine economic growth is supported by domestic consumption, services, infrastructure investment, remittances, and a young workforce. Business-process outsourcing and construction also contribute significantly to economic activity.
2. Philippines GDP Growth Rate Trends (1980–2026)
The Philippines’ growth history reflects strong population growth, expanding services, urbanization, remittances, and rising domestic demand. Infrastructure development has become an increasingly important driver.
3. Philippines GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +4.1% | -0.3 pp |
| 2025 | +4.4% | -1.3 pp |
| 2024 | +5.7% | +0.2 pp |
| 2023 | +5.5% | -2.1 pp |
| 2022 | +7.6% | +1.9 pp |
| 2021 | +5.7% | +15.2 pp |
| 2020 | -9.5% | -15.6 pp |
| 2019 | +6.1% | -0.2 pp |
| 2018 | +6.3% | -0.6 pp |
| 2017 | +6.9% | -0.2 pp |
| 2016 | +7.1% | +0.8 pp |
| 2015 | +6.3% | 0.0 pp |
| 2014 | +6.3% | -0.5 pp |
| 2013 | +6.8% | -0.1 pp |
| 2012 | +6.9% | +3.0 pp |
| 2011 | +3.9% | -3.4 pp |
| 2010 | +7.3% | +5.9 pp |
| 2009 | +1.4% | -2.9 pp |
| 2008 | +4.3% | -2.2 pp |
| 2007 | +6.5% | +1.2 pp |
| 2006 | +5.3% | +0.4 pp |
| 2005 | +4.9% | -1.7 pp |
| 2004 | +6.6% | +1.5 pp |
| 2003 | +5.1% | +1.4 pp |
| 2002 | +3.7% | +0.7 pp |
| 2001 | +3.0% | -1.4 pp |
| 2000 | +4.4% | +1.1 pp |
| 1999 | +3.3% | +3.8 pp |
| 1998 | -0.5% | -5.7 pp |
| 1997 | +5.2% | -0.7 pp |
| 1996 | +5.9% | +1.3 pp |
| 1995 | +4.6% | +0.2 pp |
| 1994 | +4.4% | +2.2 pp |
| 1993 | +2.2% | +1.8 pp |
| 1992 | +0.4% | +0.8 pp |
| 1991 | -0.4% | -3.4 pp |
| 1990 | +3.0% | -3.2 pp |
| 1989 | +6.2% | -0.6 pp |
| 1988 | +6.8% | +2.5 pp |
| 1987 | +4.3% | +0.9 pp |
| 1986 | +3.4% | +10.7 pp |
| 1985 | -7.3% | 0.0 pp |
| 1984 | -7.3% | -9.2 pp |
| 1983 | +1.9% | -1.7 pp |
| 1982 | +3.6% | +0.2 pp |
| 1981 | +3.4% | -1.7 pp |
| 1980 | +5.1% | — |
4. Philippines GDP Growth Performance
Current Growth Rate
+4.1%
(2026 to 2026)
5-Year Average
+5.5%
(2022 to 2026)
10-Year Average
+4.3%
(2017 to 2026)
20-Year Average
+5.0%
(2007 to 2026)
The economy continues to benefit from resilient consumer spending, services, infrastructure projects, and employment growth. Inflation and financial conditions can affect household purchasing power and investment.
5. Philippines GDP Growth Rate vs Asia and World
Philippines
+4.1%
Asia Average
+2.4%
World Average
+2.8%
0.0%
2.0%
4.1%
Annual real GDP growth (%)
Philippines’s GDP growth rate is approximately
1.7 pp
above the
Asia average
and
1.3 pp
above the world average.
6. Philippines GDP Growth Rate Ranking in Asia
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #14 | Bangladesh | +4.7% |
| #15 | Kazakhstan | +4.6% |
| #16 | China | +4.4% |
| #17 | Timor-Leste | +4.1% |
| #18 | Philippines | +4.1% |
| #19 | Cambodia | +4.0% |
| #20 | Laos | +4.0% |
| #21 | Lebanon | +4.0% |
| #22 | Pakistan | +3.7% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Philippines
Philippines GDP (Nominal)
$512.2 Billion
(2026)
Philippines GDP Growth Rate
+4.1%
(2026)
The Philippines often grows faster than advanced economies and remains one of Southeast Asia’s stronger domestic-demand-driven markets. Its large population helps reduce dependence on exports compared with more trade-oriented regional economies.
Explore more:
Philippines GDP
9. Philippines GDP Growth Rate Forecast
The outlook remains supported by consumption, infrastructure, services, investment, and demographic advantages. Inflation, external demand, natural disasters, and fiscal pressures remain important risks.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +5.8% | +1.7 pp |
| 2028 | +6.1% | +0.3 pp |
| 2029 | +6.1% | 0.0 pp |
| 2030 | +6.0% | -0.1 pp |
10. Philippines GDP Growth Rate: Key Findings
Philippines GDP growth rate is estimated at +4.1% in 2026.
It ranks #51 globally and #18 in Asia by annual GDP growth rate.
The growth rate slowed by 0.3 percentage points compared with 2025.
The 5-year average GDP growth rate is +5.5%.
The 10-year average GDP growth rate is +4.3%.
The current rate is 1.7 percentage points above the Asia average.
The current rate is 1.3 percentage points above the world average.
The forecast GDP growth rate is +6.0% in 2030, 1.9 percentage points above the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
September 2026
13. Philippines GDP Growth Rate FAQs
Philippines GDP growth rate is estimated at +4.1% in 2026.
Philippines ranks #51 globally and #18 in Asia by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +4.1% in 2026.
Philippines GDP growth rate was +6.3% in 2015.
Philippines GDP growth rate is 1.7 percentage points above the Asia average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.