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“Philippines with a population of had a total GDP value of US dollars (calculated in current US dollars) for the whole of 2022. The GDP per capita is 3624, and the growth rate in 2022 is 7.6%.”
108 million
298170 km²
404.28 billion
3624 USD
The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.
The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.
The economy has been growing robustly in recent quarters, but a significant slowdown is expected to occur in late 2022 and continue into the first half of 2023. The rise in consumer price inflation over the past year, leading to higher domestic interest rates, will impact private consumption growth, which is expected to slow from 7.2% in 2022 to around 5% in 2023 according to ADB. Investment growth is also likely to be below its long-term average in 2023, at 6.1%, due to both a high base in 2022 and higher borrowing costs. Exports growth will be limited by weaker performance in major economies in 2023, including a short recession in Europe, slow growth in the US and China. As a result, the Philippines’ exports of goods and services are expected to slow to less than 5%, compared to an estimated 8.3% in 2022. Import growth will also decline in line with weaker domestic demand, leadin...
5.4 %
5.8 %
47.1 %
2.5 人
