Philippines
- Capital
- Manila
- Region
- East Asia & Pacific
- Income group
- Upper middle income
- Population
- 117 million (2025)
At a glance
- Prices in the Philippines rose 1.7% in 2025, slower than in most countries.
- The Philippines' economy grew 4.4% in 2025, faster than most economies.
- Output per person in the Philippines was US$4,171 in 2025, lower than in most countries.
- 2.2% of the Philippines' labour force had no job in 2025, a lower share than in most countries.
- The Philippines had 117 million people in 2025: about 1.4% of everyone on Earth, the 14th largest population of 217 countries and territories.
- The Philippines had a current account deficit of 3.5% of GDP in 2025, lower than in most countries.
Inflation
2025Consumer prices, change over the year (yearly average)
Since 2000
Show the numbers
| Year | Philippines | World median |
|---|---|---|
| 2025 | 1.7% | 3.0% |
| 2024 | 3.2% | 3.0% |
| 2023 | 6.0% | 5.7% |
| 2022 | 5.8% | 8.0% |
| 2021 | 3.9% | 3.5% |
| 2020 | 2.4% | 1.9% |
| 2019 | 2.4% | 2.2% |
| 2018 | 5.3% | 2.5% |
| 2017 | 2.9% | 2.3% |
| 2016 | 1.3% | 1.6% |
Economic growth
2025Real GDP, change over the year
Since 2000
Show the numbers
| Year | Philippines | World median |
|---|---|---|
| 2025 | 4.4% | 3.4% |
| 2024 | 5.7% | 3.4% |
| 2023 | 5.5% | 3.2% |
| 2022 | 7.6% | 4.3% |
| 2021 | 5.7% | 5.1% |
| 2020 | −9.5% | −3.8% |
| 2019 | 6.1% | 2.8% |
| 2018 | 6.3% | 3.2% |
| 2017 | 6.9% | 3.3% |
| 2016 | 7.2% | 3.1% |
GDP per person
2025GDP divided by population, in US dollars at current prices
Since 2000
Show the numbers
| Year | Philippines | World median |
|---|---|---|
| 2025 | US$4,171 | US$7,882 |
| 2024 | US$3,985 | US$7,853 |
| 2023 | US$3,804 | US$7,862 |
| 2022 | US$3,548 | US$7,656 |
| 2021 | US$3,484 | US$7,269 |
| 2020 | US$3,228 | US$6,433 |
| 2019 | US$3,401 | US$7,037 |
| 2018 | US$3,169 | US$6,978 |
| 2017 | US$3,038 | US$6,548 |
| 2016 | US$2,985 | US$5,982 |
Unemployment
2025Share of the labour force without a job (ILO modelled estimate)
Since 2000
Show the numbers
| Year | Philippines | World median |
|---|---|---|
| 2025 | 2.2% | 5.1% |
| 2024 | 2.2% | 5.1% |
| 2023 | 2.2% | 5.2% |
| 2022 | 2.6% | 5.3% |
| 2021 | 3.4% | 6.0% |
| 2020 | 2.5% | 6.4% |
| 2019 | 2.2% | 5.4% |
| 2018 | 2.3% | 5.4% |
| 2017 | 2.6% | 5.6% |
| 2016 | 2.7% | 5.9% |
Population
2025Everyone living in the country, mid-year
Since 2000
Show the numbers
| Year | Philippines |
|---|---|
| 2025 | 117 million |
| 2024 | 116 million |
| 2023 | 115 million |
| 2022 | 114 million |
| 2021 | 113 million |
| 2020 | 112 million |
| 2019 | 111 million |
| 2018 | 109 million |
| 2017 | 108 million |
| 2016 | 107 million |
Current account balance, % of GDP
Since 2000
Show the numbers
| Year | Philippines | World median |
|---|---|---|
| 2025 | −3.5% | −0.8% |
| 2024 | −4.0% | −1.3% |
| 2023 | −2.8% | −1.2% |
| 2022 | −4.5% | −3.0% |
| 2021 | −1.5% | −2.4% |
| 2020 | 3.2% | −1.7% |
| 2019 | −0.8% | −2.1% |
| 2018 | −2.6% | −2.9% |
| 2017 | −0.7% | −2.1% |
| 2016 | −0.4% | −2.8% |
No recent World Bank figure for the Philippines: government debt.
About these figures
All numbers are yearly. The world median is the middle value of all countries with a figure for the same year: half of them are above it and half below. Sparklines show the Philippines since 2000 or since its first figure.
Source: World Bank, World Development Indicators (CC BY 4.0), updated 2026-10-08. Original sources: Inflation: International Monetary Fund, International Financial Statistics; Economic growth: national statistical offices and central banks, OECD national accounts, and World Bank staff estimates; GDP per person: national statistical offices and central banks, OECD national accounts, and World Bank staff estimates; Unemployment: International Labour Organization, ILO modelled estimates (ILOSTAT); Population: United Nations Population Division (World Population Prospects) and national statistical offices; Current account balance: International Monetary Fund, Balance of Payments Statistics, with World Bank and OECD data. Yearly figures; recent years are often revised. All sources and terms.