GDP Growth Rate
Year -
5.55%
In 2023, Philippines experienced a significant a decrease in its GDP growth rate, which fall to 5.55% from 7.58% in 2022. Additionally, the GDP per capita growth rate in Philippines decrease to 3.95% in 2023, compared to 6.02% in 2022.
In 2023, Philippines experienced a decrease in economic performance, with the GDP growth rate falling by 2.03%. Additionally, the GDP per capita growth rate decrease by 2.07%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 5.7% | 5.70% | 2.61% | 2.61% |
| 1962 | 4.85% | -0.85% | 1.92% | -0.69% |
| 1963 | 7.02% | 2.17% | 4.06% | 2.14% |
| 1964 | 3.4% | -3.62% | 0.57% | -3.49% |
| 1965 | 5.35% | 1.95% | 2.49% | 1.92% |
| 1966 | 4.44% | -0.91% | 1.65% | -0.84% |
| 1967 | 5.22% | 0.78% | 2.45% | 0.80% |
| 1968 | 5.04% | -0.18% | 2.3% | -0.15% |
| 1969 | 4.69% | -0.35% | 2.01% | -0.29% |
| 1970 | 3.69% | -1.00% | 1.04% | -0.97% |
| 1971 | 5.39% | 1.70% | 2.68% | 1.64% |
| 1972 | 5.43% | 0.04% | 2.78% | 0.10% |
| 1973 | 8.78% | 3.35% | 6.11% | 3.33% |
| 1974 | 3.39% | -5.39% | 0.94% | -5.17% |
| 1975 | 5.45% | 2.06% | 2.95% | 2.01% |
| 1976 | 8.78% | 3.33% | 6.08% | 3.13% |
| 1977 | 5.56% | -3.22% | 2.79% | -3.29% |
| 1978 | 5.19% | -0.37% | 2.34% | -0.45% |
| 1979 | 5.6% | 0.41% | 2.77% | 0.43% |
| 1980 | 5.2% | -0.40% | 2.45% | -0.32% |
| 1981 | 3.42% | -1.78% | 0.8% | -1.65% |
| 1982 | 3.7% | 0.28% | 1.13% | 0.33% |
| 1983 | 1.9% | -1.80% | -0.6% | -1.73% |
| 1984 | -7.04% | -8.94% | -9.29% | -8.69% |
| 1985 | -6.86% | 0.18% | -9.06% | 0.23% |
| 1986 | 3.51% | 10.37% | 1.12% | 10.18% |
| 1987 | 4.36% | 0.85% | 1.99% | 0.87% |
| 1988 | 6.7% | 2.34% | 4.26% | 2.27% |
| 1989 | 6.18% | -0.52% | 3.76% | -0.50% |
| 1990 | 3.08% | -3.10% | 0.69% | -3.07% |
| 1991 | -0.44% | -3.52% | -2.78% | -3.47% |
| 1992 | 0.42% | 0.86% | -1.92% | 0.86% |
| 1993 | 2.18% | 1.76% | -0.2% | 1.72% |
| 1994 | 4.37% | 2.19% | 1.96% | 2.16% |
| 1995 | 4.63% | 0.26% | 2.21% | 0.25% |
| 1996 | 5.86% | 1.23% | 3.33% | 1.12% |
| 1997 | 5.19% | -0.67% | 2.62% | -0.71% |
| 1998 | -0.51% | -5.70% | -2.88% | -5.50% |
| 1999 | 3.35% | 3.86% | 0.96% | 3.84% |
| 2000 | 4.38% | 1.03% | 2.09% | 1.13% |
| 2001 | 3.05% | -1.33% | 0.89% | -1.20% |
| 2002 | 3.72% | 0.67% | 1.6% | 0.71% |
| 2003 | 5.09% | 1.37% | 2.99% | 1.39% |
| 2004 | 6.57% | 1.48% | 4.47% | 1.48% |
| 2005 | 4.94% | -1.63% | 2.93% | -1.54% |
| 2006 | 5.32% | 0.38% | 3.35% | 0.42% |
| 2007 | 6.52% | 1.20% | 4.55% | 1.20% |
| 2008 | 4.34% | -2.18% | 2.41% | -2.14% |
| 2009 | 1.45% | -2.89% | -0.4% | -2.81% |
| 2010 | 7.33% | 5.88% | 5.42% | 5.82% |
| 2011 | 3.86% | -3.47% | 2.02% | -3.40% |
| 2012 | 6.9% | 3.04% | 5.05% | 3.03% |
| 2013 | 6.75% | -0.15% | 4.96% | -0.09% |
| 2014 | 6.35% | -0.40% | 4.64% | -0.32% |
| 2015 | 6.35% | 0.00% | 4.59% | -0.05% |
| 2016 | 7.15% | 0.80% | 5.27% | 0.68% |
| 2017 | 6.93% | -0.22% | 5.06% | -0.21% |
| 2018 | 6.34% | -0.59% | 4.55% | -0.51% |
| 2019 | 6.12% | -0.22% | 4.38% | -0.17% |
| 2020 | -9.52% | -15.64% | -10.98% | -15.36% |
| 2021 | 5.71% | 15.23% | 4.15% | 15.13% |
| 2022 | 7.58% | 1.87% | 6.02% | 1.87% |
| 2023 | 5.55% | -2.03% | 3.95% | -2.07% |