Philippines 2021
Detailed economic analysis and indicators for 2021
Key Economic Indicators (2021)
GDP (Current USD)
$394.09 billion
↑ 8.94% vs 2020GDP per Capita
$3,484.39
↑ 7.96% vs 2020GDP Growth (Annual %)
5.71%
↑ 15.23pp vs 2020Inflation Rate (CPI %)
3.93%
↑ 1.53pp vs 2020Year-over-Year Comparison
| Indicator | 2020 | 2021 | Change |
|---|---|---|---|
| GDP (Current USD) | $361.75 billion | $394.09 billion | +8.94% |
| GDP per Capita | $3,227.58 | $3,484.39 | +7.96% |
| GDP Growth (Annual %) | -9.52% | 5.71% | +15.23pp |
| Inflation (CPI %) | 2.39% | 3.93% | +1.53pp |
| Unemployment Rate (%) | 2.52% | 3.40% | +0.88pp |
All Economic Indicators (2021)
National Accounts
- GDP (Current USD)
- $394.09 billion
- GDP per Capita
- $3,484.39
- GDP Growth (Annual %)
- 5.71%
- Gross National Income
- $408.10 billion
Prices & Employment
- Inflation (CPI %)
- 3.93%
- Inflation (GDP Deflator %)
- 2.28%
- Unemployment Rate (%)
- 3.40%
- 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)
- -1.51%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2021, Philippines's Gross Domestic Product (GDP) is $394.09 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Philippines for 2021 is $3,484.39. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Philippines for 2021 is 3.93%. This measures the annual percentage change in the cost of consumer goods and services.
Philippines's annual GDP growth rate for 2021 is 5.71%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Philippines for 2021 is 3.40%. This represents the percentage of the labor force that is unemployed and actively seeking employment.