Philippines: economy and key statistics
Philippines is number 33 in the 311 Nations Index, with a GDP of $487.1 billion in 2025. GDP per person is $4,171. The economy grew by 4.4% in 2025. Unemployment is 2.2%. The economy is 64% services, 27% industry, 9% agriculture. In 311 Institute directories: 20 R&D labs, 2 startups, 2 investors.
Part of the 311 Nations Index (311institute.com). Last updated .
National power
Philippines is number 42 in the 311 National Power Index, scoring 46.4 out of 100: economic 71, technology 19, military 36 and human capital 68.
Economy at a glance
| Indicator | Latest figure | Year |
|---|---|---|
| GDP | $487.1 billion | 2025 |
| GDP (purchasing power) | $1.47 trillion | 2025 |
| GDP per person | $4,171 | 2025 |
| Economic growth | +4.4% | 2025 |
| Inflation | 1.7% | 2025 |
| Unemployment | 2.2% | 2025 |
| Population | 116.8 million | 2025 |
| Labour force | 52.2 million | 2025 |
| Services share of GDP | 64% | 2025 |
| Industry share of GDP | 27% | 2025 |
| Manufacturing share of GDP | 15% | 2025 |
| Agriculture share of GDP | 9% | 2025 |
| Exports share of GDP | 27% | 2025 |
| Foreign direct investment | 1.6% of GDP | 2025 |
| High-tech share of manufactured exports | 61% | 2024 |
| Internet users | 67% of people | 2024 |
R&D labs
Startups in Philippines
Investors in Philippines
Main export industries
Philippines exported goods worth about $73.3bn in 2024. Its biggest export industries:
- Electrical machinery and equipment: $37.0bn (50.5% of goods exports)
- Machinery and mechanical appliances, boilers, nuclear reactors: $7.2bn (9.9% of goods exports)
- Optical, photographic, cinematographic, measuring, checking, medical or surgical instruments and apparatus: $3.4bn (4.7% of goods exports)
- Ores, slag and ash: $2.7bn (3.7% of goods exports)
- Animal, vegetable or microbial fats and oils and their cleavage products: $2.4bn (3.2% of goods exports)
Source: UN Comtrade, goods only (services exports are not included).
Other economies in Asia
- China (#2)
- Japan (#4)
- India (#6)
- South Korea (#13)
- Indonesia (#17)
- Singapore (#27)
- Thailand (#29)
- Vietnam (#32)
- Malaysia (#34)
- Bangladesh (#37)
- Hong Kong (#39)
- Pakistan (#41)
- Sri Lanka (#72)
- Myanmar (#85)
- Macao (#94)
Questions and answers
How big is the economy of Philippines?
Philippines had a GDP of $487.1 billion in 2025, ranking number 33 in the 311 Nations Index.
What is GDP per person in Philippines?
GDP per person in Philippines was $4,171 in 2025.
How fast is the economy of Philippines growing?
The economy of Philippines grew by 4.4% in 2025.
Source: World Bank, World Development Indicators (CC BY 4.0).
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