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Macro

Philippines

East Asia & Pacific · Upper middle income · IMF WEO April 2026 · World Bank WDI

GDP▲ 5.5%
Current prices2025
487USD bn
GDP per capita▲ 4.4%
Current prices2025
4,270USD
Real GDP growth▼ 1.3 pp
Annual change2025
4.4%
Inflation▼ 1.6 pp
Average consumer prices2025
1.7%
Unemployment▲ 0.4 pp
Rate2025
4.2%
Government debt▲ 2.7 pp
General government, gross2025
59.4% of GDP
Current account▲ 0.7 pp
Balance2025
-3.3% of GDP
Population▲ 1.1%
Total2025
114.09million

Real GDP growth, %

Since 1995 · lighter bars = IMF projection
-9.50.07.61995: 4.6%1996: 5.9%1997: 5.2%1998: -0.5%1999: 3.3%2000: 4.4%2001: 3.0%2002: 3.7%2003: 5.1%2004: 6.6%2005: 4.9%2006: 5.3%2007: 6.5%2008: 4.3%2009: 1.4%2010: 7.3%2011: 3.9%2012: 6.9%2013: 6.8%2014: 6.3%2015: 6.3%2016: 7.1%2017: 6.9%2018: 6.3%2019: 6.1%2020: -9.5%2021: 5.7%2022: 7.6%2023: 5.5%2024: 5.7%2025: 4.4%2026: 4.1% (IMF projection)2027: 5.8% (IMF projection)2028: 6.1% (IMF projection)2029: 6.1% (IMF projection)2030: 6.0% (IMF projection)2031: 6.0% (IMF projection)IMF projection19952000200520102015202020252030

Inflation, %

Average consumer prices · lighter bars = IMF projection
0.09.41995: 6.9%1996: 8.3%1997: 5.6%1998: 9.4%1999: 6.2%2000: 6.5%2001: 5.4%2002: 2.8%2003: 2.2%2004: 4.8%2005: 6.6%2006: 5.4%2007: 2.9%2008: 8.2%2009: 4.2%2010: 3.7%2011: 4.7%2012: 3.2%2013: 2.6%2014: 3.6%2015: 0.7%2016: 1.2%2017: 2.9%2018: 5.3%2019: 2.4%2020: 2.4%2021: 3.9%2022: 5.8%2023: 6.0%2024: 3.2%2025: 1.7%2026: 4.3% (IMF projection)2027: 3.2% (IMF projection)2028: 3.0% (IMF projection)2029: 3.0% (IMF projection)2030: 3.0% (IMF projection)2031: 3.0% (IMF projection)IMF projection19952000200520102015202020252030

IMF outlook

IMF World Economic Outlook April 2026 · italics = IMF projection
Indicator2021202220232024202520262027202820292030
Real GDP growth %5.77.65.55.74.44.15.86.16.16.0
Inflation, average consumer prices %3.95.86.03.21.74.33.23.03.03.0
Unemployment rate %7.85.44.43.84.24.74.64.54.44.4
GDP, current prices USD bn394404437462487512557606658716
GDP per capita, current prices USD3,5803,6453,9054,0894,2704,4434,7785,1435,5325,949
GDP per capita, PPP Int. USD9,10110,40611,28812,12112,87713,63914,58815,56316,62217,756
General government gross debt % of GDP57.057.456.556.659.460.259.959.258.056.4
General government net lending/borrowing % of GDP-6.2-5.5-4.4-4.4-4.0-3.7-2.8-2.5-2.1-1.6
Current account balance % of GDP-1.5-4.5-2.8-4.0-3.3-4.4-3.5-3.0-2.8-2.9
Population million110.08110.94111.91112.89114.09115.30116.53117.76119.02120.28

Government debt, % of GDP

General government gross debt
0.071.42000: 59%2001: 59%2002: 65%2003: 71%2004: 71%2005: 65%2006: 57%2007: 50%2008: 50%2009: 50%2010: 48%2011: 45%2012: 46%2013: 44%2014: 40%2015: 40%2016: 37%2017: 38%2018: 37%2019: 37%2020: 52%2021: 57%2022: 57%2023: 56%2024: 57%2025: 59%2026: 60% (IMF projection)2027: 60% (IMF projection)2028: 59% (IMF projection)2029: 58% (IMF projection)2030: 56% (IMF projection)2031: 55% (IMF projection)IMF projection2000200520102015202020252030

Current account, % of GDP

Balance of payments
-4.50.05.52000: -2.7%2001: -2.2%2002: -0.3%2003: 0.3%2004: 1.7%2005: 1.9%2006: 5.5%2007: 5.2%2008: 0.1%2009: 4.8%2010: 3.4%2011: 2.4%2012: 2.7%2013: 4.0%2014: 3.6%2015: 2.4%2016: -0.4%2017: -0.7%2018: -2.6%2019: -0.8%2020: 3.2%2021: -1.5%2022: -4.5%2023: -2.8%2024: -4.0%2025: -3.3%2026: -4.4% (IMF projection)2027: -3.5% (IMF projection)2028: -3.0% (IMF projection)2029: -2.8% (IMF projection)2030: -2.9% (IMF projection)2031: -2.7% (IMF projection)IMF projection2000200520102015202020252030

Economic structure

Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
YearStructureAgricultureIndustryManufacturingServices
199518.935.7–45.4
200513.533.824.352.7
201511.030.519.958.5
20258.627.015.364.4

Income, trade and society

World Bank WDI · change over 10 years
IndicatorLatestUnitYear10Y change
GNI per capita, Atlas method4,850USD2025+47.9%
GNI, Atlas method567USD bn2025+64.0%
Exports of goods and services26.6% of GDP2025-0.7 pp
Imports of goods and services40.2% of GDP2025+8.3 pp
Life expectancy at birth69.9years2024+0.9%
Urban population55.8% of total2025+4.6 pp

Philippines on the platform

Market data for this country

Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)