Philippines: GDP, constant dollars

* indicates monthly or quarterly data series
 Philippines

Gross Domestic Product, billions of 2010 U.S. dollars

 Latest value 407.7
 Year 2022
 Measure billion U.S. dollars
 Data availability 1960 - 2022
 Average 145.1
 Min - Max 31.3 - 407.7
 Source The World Bank
For that indicator, we provide data for the Philippines from 1960 to 2022. The average value for the Philippines during that period was 145.1 billion U.S. dollars with a minimum of 31.3 billion U.S. dollars in 1960 and a maximum of 407.7 billion U.S. dollars in 2022. The latest value from 2022 is 407.7 billion U.S. dollars. For comparison, the world average in 2022 based on 178 countries is 496.6 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Philippines - GDP, constant dollars - recent values

Historical chart
Philippines - GDP, constant dollars - historical chart - 1960-2022




The GDP of the Philippines and other countries is a measure of the size of the economy. It is the total market value of all goods and services produced on the territory of a country during a period of time, for example, during one year. We show GDP in constant dollars. In other words, we present the production levels of different years but evaluated using the prices of only one year. The objective is to compare the level of production across years, holding constant any price changes.
Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2015 prices, expressed in U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2015 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.


 Related indicators Latest value Reference Measure
 Economic growth 7.57 2022 percent
 GDP, constant dollars 407.7 2022 billion U.S. dollars
 GDP, current U.S. dollars 404.28 2022 billion U.S. dollars
 GDP per capita, current dollars 3,498.51 2022 U.S. dollars
 GDP per capita, PPP 8,582 2022 U.S. dollars
 GDP per capita, constant dollars 3,527.98 2022 U.S. dollars
 Economic growth, quarterly 5.99 Q3/2023 percent
 Economic growth Q-on-Q 3.83 Q3/2023 percent
 Gross Domestic Product (GDP) 5,750.56 Q3/2023 billion
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