Real GDP Growth: Philippines
Philippines's real gdp growth is currently 5.7% as of 2026. # Philippines Real GDP Growth The Philippines recorded 5.
Current (2026)
5.7%
+5.6% y/y
Peak (2022)
7.6%
Low (2020)
-9.5%
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Real GDP Growth — Philippines
1980 — 2026
Real GDP Growth — Philippines
Analysis# Philippines Real GDP Growth
The Philippines recorded 5.7% real GDP growth in 2026, positioning the economy in a moderate expansion phase. This figure sits well below the all-time peak of 7.6% achieved in 2022, yet demonstrates substantial recovery from the devastating -9.5% contraction in 2020. Since 1980, the nation's real GDP growth has increased by 11.8 percentage points overall, reflecting decades of structural economic development despite significant cyclical fluctuations.
The 2020 pandemic crash marked the economy's most severe downturn in the dataset, followed by a sharp rebound to 5.7% in 2021. Growth subsequently peaked at 7.6% in 2022 before settling into a steadier 5.4–5.7% range from 2023 onward. This stabilization suggests the Philippines has transitioned past pandemic volatility, with projections indicating sustained growth in the 5–6% band through 2026 as the economy balances domestic demand with external headwinds.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 6.0% | +0.00% |
| 2029 | 6.0% | +0.00% |
| 2028 | 6.0% | +0.00% |
| 2027 | 6.0% | +5.26% |
| 2026 | 5.7% | +5.56% |
| 2025 | 5.4% | -5.26% |
| 2024 | 5.7% | +3.64% |
| 2023 | 5.5% | -27.63% |
| 2022 | 7.6% | +33.33% |
| 2021 | 5.7% | +160.00% |
| 2020 | -9.5% | -255.74% |
| 2019 | 6.1% | -3.17% |
| 2018 | 6.3% | -8.70% |
| 2017 | 6.9% | -2.82% |
| 2016 | 7.1% | +12.70% |
| 2015 | 6.3% | +0.00% |
| 2014 | 6.3% | -7.35% |
| 2013 | 6.8% | -1.45% |
| 2012 | 6.9% | +76.92% |
| 2011 | 3.9% | -46.58% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 7.3% | +421.43% |
| 2009 | 1.4% | -67.44% |
| 2008 | 4.3% | -33.85% |
| 2007 | 6.5% | +22.64% |
| 2006 | 5.3% | +8.16% |
| 2005 | 4.9% | -25.76% |
| 2004 | 6.6% | +29.41% |
| 2003 | 5.1% | +37.84% |
| 2002 | 3.7% | +23.33% |
| 2001 | 3.0% | -31.82% |
| 2000 | 4.4% | +33.33% |
| 1999 | 3.3% | +760.00% |
| 1998 | -0.5% | -109.62% |
| 1997 | 5.2% | -11.86% |
| 1996 | 5.9% | +28.26% |
| 1995 | 4.6% | +4.55% |
| 1994 | 4.4% | +100.00% |
| 1993 | 2.2% | +450.00% |
| 1992 | 0.4% | +200.00% |
| 1991 | -0.4% | -113.33% |
| 1990 | 3.0% | -51.61% |
| 1989 | 6.2% | -8.82% |
| 1988 | 6.8% | +58.14% |
| 1987 | 4.3% | +26.47% |
| 1986 | 3.4% | +146.58% |
| 1985 | -7.3% | +0.00% |
| 1984 | -7.3% | -484.21% |
| 1983 | 1.9% | -47.22% |
| 1982 | 3.6% | +5.88% |
| 1981 | 3.4% | -33.33% |
| 1980 | 5.1% | — |
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