# Philippines: GDP per capita, PPP

* indicates monthly or quarterly data series
Philippines

## GDP per capita, Purchasing Power Parity

Latest value 8,582
Year 2022
Measure U.S. dollars
Data availability 1990 - 2022
Average 5,708
Min - Max 4,028 - 8,732
Source The World Bank
For that indicator, we provide data for the Philippines from 1990 to 2022. The average value for the Philippines during that period was 5708 U.S. dollars with a minimum of 4028 U.S. dollars in 1993 and a maximum of 8732 U.S. dollars in 2019. The latest value from 2022 is 8582 U.S. dollars. For comparison, the world average in 2022 based on 179 countries is 22555 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

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GDP per capita in the Philippines and other countries is calculated as the Gross Domestic Product (GDP) divided by the population.

We show the GDP per capita in Purchasing Power Parity (PPP) terms, i.e. we calculate the GDP per capita in different countries using U.S. prices. The PPP measure is useful to compare income across countries. It allows us to answer the following question: 'What can the average person in some country buy if they paid U.S. prices?'

Moreover, we use constant prices. Using the prices from only one year allows us to compare GDP per capita over time as the effect of inflation is eliminated. Otherwise, we are not sure if the increase in GDP is due to price increases or to a growth in production.

GDP per capita varies considerably across countries. In advanced economies, it exceeds 35,000 dollars per year. In some very poor countries, it is less than 1000 dollars per year.
Definition: GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. 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 2011 international dollars.

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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 6.00 Q3/2023 percent
Economic growth Q-on-Q 3.05 Q3/2023 percent
Gross Domestic Product (GDP) 5,763.23 Q3/2023 billion
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