Philippines 2024
Detailed economic analysis and indicators for 2024
Key Economic Indicators (2024)
GDP (Current USD)
$451.57 billion
↑ 3.30% vs 2023GDP per Capita
$3,930.37
↑ 3.30% vs 2023GDP Growth (Annual %)
3.30%
↓ 2.25pp vs 2023Inflation Rate (CPI %)
3.21%
↓ 2.77pp vs 2023Year-over-Year Comparison
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| GDP (Current USD) | $437.15 billion | $451.57 billion | +3.30% |
| GDP per Capita | $3,804.87 | $3,930.37 | +3.30% |
| GDP Growth (Annual %) | 5.55% | 3.30% | -2.25pp |
| Inflation (CPI %) | 5.98% | 3.21% | -2.77pp |
| Unemployment Rate (%) | 2.22% | 2.15% | -0.07pp |
All Economic Indicators (2024)
National Accounts
- GDP (Current USD)
- $451.57 billion
- GDP per Capita
- $3,930.37
- GDP Growth (Annual %)
- 3.30%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- 3.21%
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 2.15%
- 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)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2024, Philippines's Gross Domestic Product (GDP) is $451.57 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Philippines for 2024 is $3,930.37. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Philippines for 2024 is 3.21%. This measures the annual percentage change in the cost of consumer goods and services.
Philippines's annual GDP growth rate for 2024 is 3.30%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Philippines for 2024 is 2.15%. This represents the percentage of the labor force that is unemployed and actively seeking employment.