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PH

Philippines

PH Β· PHL Β· #72 Β· 34 cities

Nomad score 59/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$18,840
GDP (2031)
$777.6B
GDP growth (2031)
6.0% β†’
Inflation (2031)
3.0% β†’
Unemployment (2031)
4.4% β†’
Population (2031)
121.6M
Population growth (2031)
1.1% β†’
Gini index (2023)
39.3
Government debt (2031)
54.7% of GDP
Current account (2031)
-2.7% of GDP
FDI inflows (2025)
$7.8B
Life expectancy (2024)
70.0 yrs
Health spending (2023)
5.1% of GDP
Internet users (2024)
67.3%
Mobile subscriptions (2024)
115.3/100
Trade openness (2025)
66.8% of GDP
Exchange rate (2025)
57.51/USD
Foreign reserves (2025)
$110.9B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2031)
54.7% of GDP
Current account (2031)
-2.7% of GDP
FDI inflows (2025)
$7.8B

Income inequality (Gini)

Gini index (2023)
0.35
Assessment
Moderate inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2024)
0.51/1k
Tax revenue (2024)
14.4% of GDP
Services sector (2025)
64.4% of GDP

Financial access and costs

ATMs per 100k (2024)
27.8
Bank branches per 100k (2024)
8.1
ICT service exports (2025)
17.2%
Goods and services tax (2024)
4.6%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $777.6B $18,840 6.0% 3.0% 4.4% 121.6M - 54.7% -2.7% - - - - -
2030 * $715.5B $17,900 6.0% 3.0% 4.4% 120.3M - 56.4% -2.9% - - - - -
2029 * $658.5B $16,617 6.1% 3.0% 4.4% 119.0M - 58.0% -2.8% - - - - -
2028 * $605.6B $15,420 6.1% 3.0% 4.5% 117.8M - 59.2% -3.0% - - - - -
2027 * $556.7B $14,341 5.8% 3.2% 4.6% 116.5M - 59.9% -3.5% - - - - -
2026 * $512.2B $13,356 4.1% 4.3% 4.7% 115.3M - 60.2% -4.4% - - - - -
2025 $487.2B $12,577 4.4% 1.7% 4.2% 114.1M - 59.4% -3.3% $7.8B - - - 57.51
2024 $461.6B $11,814 5.7% 3.2% 3.8% 112.9M - 56.6% -4.0% $9.4B 70.0 - 67.3% 57.29
2023 $437.1B $10,995 5.5% 6.0% 4.4% 111.9M 39.3 56.5% -2.8% $8.9B 69.8 5.1% 77.9% 55.63
2022 $404.4B $10,130 7.6% 5.8% 5.4% 110.9M - 57.4% -4.5% $9.5B 69.5 5.2% 75.2% 54.48
2021 $394.1B $8,858 5.7% 3.9% 7.8% 110.1M 40.7 57.0% -1.5% $12.0B 66.7 6.0% 66.9% 49.25
2020 $361.8B $8,238 -9.5% 2.4% 10.4% 109.2M - 51.6% 3.2% $6.8B 70.1 5.2% 53.8% 49.62
2019 $376.8B $8,924 6.1% 2.4% 5.1% 107.3M - 37.0% -0.8% $8.7B 69.7 4.2% 43.0% 51.80
2018 $346.8B $8,358 6.3% 5.3% 5.3% 105.8M 42.3 37.1% -2.6% $9.9B 69.8 4.0% 44.1% 52.66
2017 $328.5B $7,774 6.9% 2.9% 5.7% 104.2M - 38.1% -0.7% $10.3B 70.0 4.0% 41.6% 50.40
2016 $318.6B $7,383 7.1% 1.2% 5.5% 102.5M - 37.4% -0.4% $8.3B 69.5 4.0% 39.2% 47.49
2015 $306.4B $6,894 6.3% 0.7% 6.3% 100.8M 44.6 39.7% 2.4% $5.6B 69.5 3.9% 36.9% 45.50
2014 $297.5B $6,689 6.3% 3.6% 6.8% 99.3M - 40.3% 3.6% $5.7B 69.3 3.7% 34.7% 44.40
2013 $283.9B $6,373 6.8% 2.6% 7.1% 97.8M - 43.9% 4.0% $3.7B 69.3 4.3% 32.7% 42.45
2012 $261.9B $6,094 6.9% 3.2% 7.0% 96.3M 46.5 45.7% 2.7% $3.2B 69.2 4.2% 30.8% 42.23
2011 $234.2B $5,705 3.9% 4.7% 7.0% 94.7M - 45.4% 2.4% $2.0B 69.1 4.0% 29.0% 43.31
2010 $208.4B $5,489 7.3% 3.7% 7.3% 93.1M - 47.6% 3.4% $1.1B 68.9 4.1% 25.0% 45.11
2009 $176.1B $5,157 1.4% 4.2% 7.5% 91.6M 46.3 49.8% 4.8% $2.1B 68.6 4.2% 9.0% 47.68
2008 $181.0B $5,144 4.3% 8.2% 7.4% 90.0M - 50.0% 0.1% $1.3B 68.6 3.9% 6.2% 44.32
2007 $156.0B $4,923 6.5% 2.9% 7.3% 88.4M - 50.2% 5.2% $2.9B 68.6 3.8% 6.0% 46.15
2006 $127.7B $4,579 5.3% 5.4% 8.0% 86.8M 47.2 57.2% 5.5% $2.7B 68.2 3.8% 5.7% 51.31
2005 $107.4B $4,289 4.9% 6.6% 11.4% 85.2M - 64.7% 1.9% $1.7B 68.4 3.7% 5.4% 55.09
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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