Gross Domestic Product of Philippines fell -9.5% in 2020 compared to last year. This rate is 156 -tenths of one percent less than the previous year, when changed 6.1%.
The GDP figure in 2020 was €316,969$361,751 million, Philippines is number 35 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Philippines dropped €19,601$15,072 million with respect to 2019.
The GDP per capita of Philippines in 2020 was €2,914$3,326, €223$186 less than in 2019, when it was €3,137$3,512. To view the evolution of the GDP per capita, it is interesting to look back a few years and compare these data with those of 2010 when the GDP per capita in Philippines was €1,686$2,237.
If we order the countries according to their GDP per capita, Philippines is in 130th position, its population has a low level of affluence compare tothe 196 countries whose GDP we publish.
Here we show you the progression of the GDP in Philippines. You can see GDP in other countries in GDP and see all the economic information about Philippines in Philippines's economy.