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COUNTRY OUTLOOK / PH

Philippines

Representative liquidity providing market intervention rate · ISO:PH

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Forecast availableTarget · 31 Oct 2026Issued · 15 Sep 2026, 02:54 UTCRESEARCH ONLY
CapitalManila
RegionEast Asia & Pacific
Income groupUpper middle income
CurrencyPhilippine peso
GDP$487.09B2025 · current US$
Real GDP growth4.40%2025 · annual %
Population116.79M2025 · people
GDP per capita$4,170.722025 · current US$

Latest available annual observations; years differ by indicator. Monetary values use the stated current-price basis and are not forecasts. World Bank data fetched 2026-09-15.

Economic structure

2025 · share of GDP

Broad sectors use the latest common year. Manufacturing is included in industry. Shares can total less than 100% because of taxes and accounting adjustments.

Philippines's largest reported broad sector is services in 2025.

Monetary & research context

Policy authorityISO:PH
Policy frameworkunverified rate framework
Native targetpolicy benchmark rate
Decision evidence0
Calendar evidence0
Communication records0

Evidence counts include research inputs; they do not establish live coverage or independent observations. A country's economic composition is descriptive and does not establish what caused a model forecast.

Country events & results ↗

Explore annual trends

Real GDP growth

4.40% · 2025 · annual %

Real GDP growth · annual %-9.52%-0.97%7.58%2014: 6.34798748260867 annual %2015: 6.34830971672761 annual %2016: 7.14945675000752 annual %2017: 6.9309883258402 annual %2018: 6.34148557153473 annual %2019: 6.11852566221303 annual %2020: -9.51829474045297 annual %2021: 5.71473313185116 annual %2022: 7.58098212785563 annual %2023: 5.51894967856043 annual %2024: 5.71474526128652 annual %2025: 4.40240158710621 annual %20142025
View annual observations
YearValue (annual %)
20254.402
20245.715
20235.519
20227.581
20215.715
2020-9.518
20196.119
20186.341
20176.931
20167.149
20156.348
20146.348
World Bank source & definition ↗

Economy

GDP$487.09B2025 · current US$Source & definition ↗
Real GDP growth4.40%2025 · annual %Source & definition ↗
GDP per capita$4,170.722025 · current US$Source & definition ↗
GDP at purchasing power parityInt$ 1.47T2025 · current international $Source & definition ↗

People

Population116.79M2025 · peopleSource & definition ↗
Population growth0.81%2025 · annual %Source & definition ↗
Urban population55.77%2025 · % of populationSource & definition ↗
Life expectancy69.952024 · yearsSource & definition ↗
Unemployment · ILO estimate2.24%2025 · % of labor forceSource & definition ↗
Labor force participation · ages 15+61.35%2025 · % of population ages 15+Source & definition ↗

Sectors

Agriculture, forestry & fishing8.59%2025 · % of GDPSource & definition ↗
Industry including construction26.99%2025 · % of GDPSource & definition ↗
Services64.42%2025 · % of GDPSource & definition ↗
Manufacturing15.33%2025 · % of GDPSource & definition ↗

Trade & investment

Exports of goods & services26.55%2025 · % of GDPSource & definition ↗
Imports of goods & services40.24%2025 · % of GDPSource & definition ↗
Current account balance-3.34%2025 · % of GDPSource & definition ↗
Foreign direct investment · net inflows1.60%2025 · % of GDPSource & definition ↗

Money & public finance

Consumer inflation1.66%2025 · annual %Source & definition ↗
Central government debt43.43%2014 · % of GDPSource & definition ↗
Tax revenue14.37%2024 · % of GDPSource & definition ↗
Government cash surplus / deficitNot available% of GDP
Domestic credit to private sector52.11%2025 · % of GDPSource & definition ↗
Total reserves including gold$110.93B2025 · current US$Source & definition ↗

Infrastructure

Internet use67.26%2024 · % of populationSource & definition ↗
Access to electricity94.80%2024 · % of populationSource & definition ↗

Geography

Surface area300,0002023 · square kmSource & definition ↗

Government debt covers central government, which can differ substantially from general-government debt. Indicator definitions, estimation methods and coverage differ. Latest available does not mean current-year: older observations remain explicitly dated. Source: World Bank WDI and its underlying contributors.

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Every forecast has a boundary.This is a dated research snapshot, not an automatically updating market feed. Source gaps, model limitations, and adverse results are retained.

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