Philippines: Savings, percent of GDP
* indicates monthly or quarterly data series
| Philippines |
Savings as percent of GDP |
|---|---|
| Latest value | 27.32 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1981 - 2023 |
| Average | 29.53 |
| Min - Max | 18.21 - 39.75 |
| Source | The World Bank |
The latest value from 2023 is 27.32 percent, an increase from 22.47 percent in 2022. In comparison, the world average is 23.44 percent, based on data from 96 countries. Historically, the average for the Philippines from 1981 to 2023 is 29.53 percent. The minimum value, 18.21 percent, was reached in 1985 while the maximum of 39.75 percent was recorded in 2010.
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* indicates monthly or quarterly data series
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The savings in the Philippines and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.
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What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Share of industry | 28.18 | 2023 | percent |
| Share of manufacturing | 16.22 | 2023 | percent |
| Share of services | 62.42 | 2023 | percent |
| Industry value added | 123.19 | 2023 | billion U.S. dollars |
| Manufacturing value added | 70.90 | 2023 | billion U.S. dollars |
| Services value added | 272.88 | 2023 | billion U.S. dollars |
| Savings, percent of GDP | 27.32 | 2023 | percent |
| Savings, in dollars | 119.32 | 2023 | billion U.S. dollars |