Philippines 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$437.15 billion
↑ 8.11% vs 2022GDP per Capita
$3,804.87
↑ 7.24% vs 2022GDP Growth (Annual %)
5.55%
↓ 2.04pp vs 2022Inflation Rate (CPI %)
5.98%
↑ 0.16pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $404.35 billion | $437.15 billion | +8.11% |
| GDP per Capita | $3,548.07 | $3,804.87 | +7.24% |
| GDP Growth (Annual %) | 7.58% | 5.55% | -2.04pp |
| Inflation (CPI %) | 5.82% | 5.98% | +0.16pp |
| Unemployment Rate (%) | 2.60% | 2.22% | -0.38pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $437.15 billion
- GDP per Capita
- $3,804.87
- GDP Growth (Annual %)
- 5.55%
- Gross National Income
- $485.15 billion
Prices & Employment
- Inflation (CPI %)
- 5.98%
- Inflation (GDP Deflator %)
- 4.60%
- Unemployment Rate (%)
- 2.22%
- 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)
- -2.83%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Philippines's Gross Domestic Product (GDP) is $437.15 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Philippines for 2023 is $3,804.87. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Philippines for 2023 is 5.98%. This measures the annual percentage change in the cost of consumer goods and services.
Philippines's annual GDP growth rate for 2023 is 5.55%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Philippines for 2023 is 2.22%. This represents the percentage of the labor force that is unemployed and actively seeking employment.