Home / Countries / South-eastern Asia
Philippines economy
Philippines’ economy grew 4.4% in 2025, faster than the world as a whole (2.9%). Consumer prices rose 1.7% in 2025, and 2.2% of the labour force was out of work.
| Indicator | Latest | Year |
|---|---|---|
| Real GDP growth | 4.4% | 2025 |
| Inflation (consumer prices) | 1.7% | 2025 |
| Unemployment | 2.2% | 2025 |
| GDP (US dollars) | $487 bn | 2025 |
| GDP per person (US dollars) | $4,171 | 2025 |
| GDP per person (PPP, international dollars) | $11,794 | 2024 |
| Current account balance, % of GDP | −3.3% | 2025 |
| Budget balance, % of GDP | −5.7% | 2024 |
| Extreme poverty, % of people below $3.00 a day | 5.3% | 2023 |
| Population | 117 m | 2025 |
Source: World Bank, World Development Indicators (CC BY 4.0). Data release 2026-10-22. Figures are revised by their publishers.