Philippines 2020
Detailed economic analysis and indicators for 2020
Key Economic Indicators (2020)
GDP (Current USD)
$361.75 billion
↓ 4.00% vs 2019GDP per Capita
$3,227.58
↓ 5.09% vs 2019GDP Growth (Annual %)
-9.52%
↓ 15.64pp vs 2019Inflation Rate (CPI %)
2.39%
↑ 0.00pp vs 2019Year-over-Year Comparison
| Indicator | 2019 | 2020 | Change |
|---|---|---|---|
| GDP (Current USD) | $376.82 billion | $361.75 billion | -4.00% |
| GDP per Capita | $3,400.79 | $3,227.58 | -5.09% |
| GDP Growth (Annual %) | 6.12% | -9.52% | -15.64pp |
| Inflation (CPI %) | 2.39% | 2.39% | +0.00pp |
| Unemployment Rate (%) | 2.24% | 2.52% | +0.29pp |
All Economic Indicators (2020)
National Accounts
- GDP (Current USD)
- $361.75 billion
- GDP per Capita
- $3,227.58
- GDP Growth (Annual %)
- -9.52%
- Gross National Income
- $389.17 billion
Prices & Employment
- Inflation (CPI %)
- 2.39%
- Inflation (GDP Deflator %)
- 1.65%
- Unemployment Rate (%)
- 2.52%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 3.20%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2020, Philippines's Gross Domestic Product (GDP) is $361.75 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Philippines for 2020 is $3,227.58. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Philippines for 2020 is 2.39%. This measures the annual percentage change in the cost of consumer goods and services.
Philippines's annual GDP growth rate for 2020 is -9.52%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Philippines for 2020 is 2.52%. This represents the percentage of the labor force that is unemployed and actively seeking employment.