In 2023, Philippines witnessed an increase in its Nominal GDP, rising to 437.15 billion dollars, and an increase in its GDP based on Purchasing Power Parity (PPP), which reached 1,262.020 international billion dollars as per the World Bank's estimates.
Relatedly, in the preceding year of 2022, Philippines has Nominal GDP stood at 404.35 billion dollars, while the GDP based on PPP was 1,153.66 international billion dollars.
The net change in Philippines's GDP (Nominal) in 2023 increased by 32.80 billion dollars(7.50%), and GDP (PPP) increased by 108.36 international billion dollars(8.59%).
Source: worldbank Nominal PPP| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 7.52 | - | - | - | - | - |
| 1961 | 8.17 | 0.65 | 7.96 % | - | - | - |
| 1962 | 4.95 | -3.22 | -65.05 % | - | - | - |
| 1963 | 5.51 | 0.56 | 10.16 % | - | - | - |
| 1964 | 5.95 | 0.44 | 7.39 % | - | - | - |
| 1965 | 6.52 | 0.57 | 8.74 % | - | - | - |
| 1966 | 7.19 | 0.67 | 9.32 % | - | - | - |
| 1967 | 7.72 | 0.53 | 6.87 % | - | - | - |
| 1968 | 8.63 | 0.91 | 10.54 % | - | - | - |
| 1969 | 9.57 | 0.94 | 9.82 % | - | - | - |
| 1970 | 7.56 | -2.01 | -26.59 % | - | - | - |
| 1971 | 8.38 | 0.82 | 9.79 % | - | - | - |
| 1972 | 9.07 | 0.69 | 7.61 % | - | - | - |
| 1973 | 11.41 | 2.34 | 20.51 % | - | - | - |
| 1974 | 15.61 | 4.20 | 26.91 % | - | - | - |
| 1975 | 16.88 | 1.27 | 7.52 % | - | - | - |
| 1976 | 19.38 | 2.50 | 12.90 % | - | - | - |
| 1977 | 22.28 | 2.90 | 13.02 % | - | - | - |
| 1978 | 25.76 | 3.48 | 13.51 % | - | - | - |
| 1979 | 31.22 | 5.46 | 17.49 % | - | - | - |
| 1980 | 36.85 | 5.63 | 15.28 % | - | - | - |
| 1981 | 40.50 | 3.65 | 9.01 % | - | - | - |
| 1982 | 42.21 | 1.71 | 4.05 % | - | - | - |
| 1983 | 37.76 | -4.45 | -11.78 % | - | - | - |
| 1984 | 35.73 | -2.03 | -5.68 % | - | - | - |
| 1985 | 34.96 | -0.77 | -2.20 % | - | - | - |
| 1986 | 33.99 | -0.97 | -2.85 % | - | - | - |
| 1987 | 37.79 | 3.80 | 10.06 % | - | - | - |
| 1988 | 43.15 | 5.36 | 12.42 % | - | - | - |
| 1989 | 48.51 | 5.36 | 11.05 % | - | - | - |
| 1990 | 50.51 | 2.00 | 3.96 % | 163.92 | - | - |
| 1991 | 51.78 | 1.27 | 2.45 % | 168.73 | 4.81 | 2.85 % |
| 1992 | 60.42 | 8.64 | 14.30 % | 173.29 | 4.56 | 2.63 % |
| 1993 | 62.04 | 1.62 | 2.61 % | 181.27 | 7.98 | 4.40 % |
| 1994 | 73.16 | 11.12 | 15.20 % | 193.24 | 11.97 | 6.19 % |
| 1995 | 84.64 | 11.48 | 13.56 % | 206.42 | 13.18 | 6.39 % |
| 1996 | 94.65 | 10.01 | 10.58 % | 222.51 | 16.09 | 7.23 % |
| 1997 | 94.11 | -0.54 | -0.57 % | 238.09 | 15.58 | 6.54 % |
| 1998 | 74.49 | -19.62 | -26.34 % | 239.53 | 1.44 | 0.60 % |
| 1999 | 85.64 | 11.15 | 13.02 % | 251.05 | 11.52 | 4.59 % |
| 2000 | 83.67 | -1.97 | -2.35 % | 267.98 | 16.93 | 6.32 % |
| 2001 | 78.92 | -4.75 | -6.02 % | 282.37 | 14.39 | 5.10 % |
| 2002 | 84.31 | 5.39 | 6.39 % | 297.42 | 15.05 | 5.06 % |
| 2003 | 87.04 | 2.73 | 3.14 % | 318.72 | 21.30 | 6.68 % |
| 2004 | 95.00 | 7.96 | 8.38 % | 348.79 | 30.07 | 8.62 % |
| 2005 | 107.42 | 12.42 | 11.56 % | 377.51 | 28.72 | 7.61 % |
| 2006 | 127.65 | 20.23 | 15.85 % | 409.84 | 32.33 | 7.89 % |
| 2007 | 155.98 | 28.33 | 18.16 % | 448.38 | 38.54 | 8.60 % |
| 2008 | 181.63 | 25.65 | 14.12 % | 476.88 | 28.50 | 5.98 % |
| 2009 | 175.98 | -5.65 | -3.21 % | 486.77 | 9.89 | 2.03 % |
| 2010 | 208.37 | 32.39 | 15.54 % | 528.82 | 42.05 | 7.95 % |
| 2011 | 234.22 | 25.85 | 11.04 % | 560.55 | 31.73 | 5.66 % |
| 2012 | 261.92 | 27.70 | 10.58 % | 610.50 | 49.95 | 8.18 % |
| 2013 | 283.90 | 21.98 | 7.74 % | 650.52 | 40.02 | 6.15 % |
| 2014 | 297.48 | 13.58 | 4.57 % | 694.07 | 43.55 | 6.27 % |
| 2015 | 306.45 | 8.97 | 2.93 % | 726.06 | 31.99 | 4.41 % |
| 2016 | 318.63 | 12.18 | 3.82 % | 787.99 | 61.93 | 7.86 % |
| 2017 | 328.48 | 9.85 | 3.00 % | 840.50 | 52.51 | 6.25 % |
| 2018 | 346.84 | 18.36 | 5.29 % | 914.88 | 74.38 | 8.13 % |
| 2019 | 376.82 | 29.98 | 7.96 % | 988.83 | 73.95 | 7.48 % |
| 2020 | 361.75 | -15.07 | -4.17 % | 923.37 | -65.46 | -7.09 % |
| 2021 | 394.09 | 32.34 | 8.21 % | 1,001.82 | 78.45 | 7.83 % |
| 2022 | 404.35 | 10.26 | 2.54 % | 1,153.66 | 151.84 | 13.16 % |
| 2023 | 437.15 | 32.80 | 7.50 % | 1,262.02 | 108.36 | 8.59 % |