Gross value added at basic prices (GVA) in Philippines
Philippines: Gross value added at basic prices (GVA) was 23.23 trillion constant LCU in 2025. ◆ Volatile
Gross value added at basic prices (GVA) in Philippines, 1960–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2025, gross value added at basic prices (gva) in Philippines stood at 23.23 trillion constant LCU. That is the highest value across all 66 years on record.
That represents a change of up 4.4% on the previous year and up 55.0% over ten years.
Over the whole period, gross value added at basic prices (gva) in Philippines peaked at 23.23 trillion constant LCU in 2025 and was at its lowest, 1.53 trillion constant LCU, in 1960.
Philippines ranks 29th of 197 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.95 trillion constant LCU | 1.53 trillion constant LCU | 2.39 trillion constant LCU | 10 |
| 1970s | 3.27 trillion constant LCU | 2.48 trillion constant LCU | 4.17 trillion constant LCU | 10 |
| 1980s | 4.57 trillion constant LCU | 4.15 trillion constant LCU | 5.08 trillion constant LCU | 10 |
| 1990s | 5.83 trillion constant LCU | 5.22 trillion constant LCU | 6.69 trillion constant LCU | 10 |
| 2000s | 8.64 trillion constant LCU | 6.99 trillion constant LCU | 10.42 trillion constant LCU | 10 |
| 2010s | 14.84 trillion constant LCU | 11.18 trillion constant LCU | 19.38 trillion constant LCU | 10 |
| 2020s | 20.42 trillion constant LCU | 17.54 trillion constant LCU | 23.23 trillion constant LCU | 6 |
Countries ranked near Philippines
- 26 Mongolia 29.95 trillion constant LCU compare
- 27 Cameroon 24.38 trillion constant LCU compare
- 28 Mexico 24.09 trillion constant LCU compare
- 30 Madagascar 22.03 trillion constant LCU compare
- 31 Rwanda 20.61 trillion constant LCU compare
- 32 Democratic Republic of Congo 17.27 trillion constant LCU compare
More economy & growth data for Philippines
- DEC alternative conversion factor 57.51 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.79 trillion current LCU (2024)
- Net secondary income (Net current transfers from abroad) 31.17 billion current US$ (2024)
- Net primary income (Net income from abroad) 4.19 trillion current LCU (2025)
- Net primary income (Net income from abroad) 72.84 billion current US$ (2025)
- GNI per capita 275,706 current LCU (2025)
- GNI per capita, Atlas method 4,850 current US$ (2025)
- GNI 32.20 trillion current LCU (2025)
- GNI 559.93 billion current US$ (2025)
- GNI, Atlas method 566.82 billion current US$ (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Philippines?
- Gross value added at basic prices (gva) in Philippines was 23.23 trillion constant LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Philippines?
- The highest recorded value was 23.23 trillion constant LCU in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Philippines?
- The lowest recorded value was 1.53 trillion constant LCU in 1960.
- How does Philippines rank for gross value added at basic prices (gva)?
- Philippines ranks 29th out of 197 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Philippines?
- Over the last ten years it is up 55.0%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.