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Philippines GDP by year, 1960 to 2025

The Philippines' GDP hit a record $487 billion in 2025, 32nd in the world, up from 44th in 2000, ahead of Malaysia since 2023.

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What the data shows

  • Philippines: $8B in 1960, $487B in 2025 (65× higher). Its low point was $5B in 1962.
  • Norway: $5B in 1960, $531B in 2025. It peaked at $617B in 2022.
  • Vietnam: $14B in 1985, $515B in 2025 (37× higher). Its low point was $6B in 1989.
  • Malaysia: $2B in 1960, $472B in 2025.

About this chart

The Philippines was 36th in the world in 1980, slipped to 44th in 2000, then climbed to 32nd by 2025. GDP was $37 billion in 1980, $84 billion in 2000, $208 billion in 2010 and a record $487 billion in 2025. Setbacks came in 1962, when it fell 39 percent from $8.2 billion to $5.0 billion, and in 1998, a 21 percent fall from $94 billion to $75 billion during the Asian financial crisis.

Against its three nearest economies, the Philippines in 2025 is behind Norway ($531 billion) and Vietnam ($515 billion) but ahead of Malaysia ($472 billion). It passed Malaysia for good in 2023, after trading places with it repeatedly since the 1990s. Vietnam moved ahead in 2024 after a single year behind the Philippines in 2023. Norway has led since 1962. Figures are nominal current US dollars, not adjusted for inflation or purchasing power.

The data

Source: World Bank, World Development Indicators (NY.GDP.MKTP.CD), GDP in current US$, billions. Retrieved November 4, 2026.

GDP of Philippines, GDP in current US$ billions, 1960 to 2025, 1960–2025
Date🇵🇭 Philippines🇳🇴 Norway🇻🇳 Vietnam🇲🇾 Malaysia
1960$8B$5B$2B
1961$8B$6B$2B
1962$5B$6B$2B
1963$6B$7B$3B
1964$6B$7B$3B
1965$7B$8B$3B
1966$7B$9B$3B
1967$8B$10B$3B
1968$9B$10B$3B
1969$10B$11B$4B
1970$8B$13B$4B
1971$8B$15B$4B
1972$9B$17B$5B
1973$11B$22B$8B
1974$16B$27B$10B
1975$17B$33B$9B
1976$19B$36B$11B
1977$22B$41B$13B
1978$26B$46B$16B
1979$31B$53B$21B
1980$37B$64B$25B
1981$41B$63B$25B
1982$42B$63B$27B
1983$38B$61B$30B
1984$36B$62B$34B
1985$35B$65B$14B$31B
1986$34B$78B$26B$28B
1987$38B$94B$37B$32B
1988$43B$102B$25B$35B
1989$49B$102B$6B$39B
1990$51B$119B$7B$44B
1991$52B$121B$10B$49B
1992$60B$130B$10B$59B
1993$62B$120B$13B$67B
1994$73B$126B$16B$75B
1995$85B$151B$21B$89B
1996$95B$162B$25B$101B
1997$94B$160B$27B$100B
1998$75B$153B$27B$72B
1999$86B$161B$29B$79B
2000$84B$171B$31B$94B
2001$79B$174B$33B$93B
2002$84B$195B$35B$101B
2003$87B$229B$40B$110B
2004$95B$266B$45B$125B
2005$107B$311B$58B$144B
2006$128B$350B$66B$163B
2007$156B$408B$77B$194B
2008$182B$472B$99B$231B
2009$176B$396B$106B$202B
2010$208B$440B$147B$255B
2011$234B$513B$173B$298B
2012$262B$525B$196B$314B
2013$284B$540B$214B$323B
2014$298B$516B$234B$338B
2015$306B$401B$239B$301B
2016$319B$383B$257B$301B
2017$329B$416B$281B$319B
2018$347B$455B$310B$359B
2019$377B$424B$334B$365B
2020$362B$382B$347B$338B
2021$394B$522B$367B$374B
2022$404B$617B$413B$408B
2023$437B$502B$434B$400B
2024$462B$501B$476B$422B
2025$487B$531B$515B$472B

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Frequently asked questions

What is the GDP of the Philippines?

The Philippines' GDP was about $487 billion in 2025, according to the World Bank, in current US dollars. That ranks 32nd in the world and is the highest value in the series.

How has the Philippines' world GDP rank changed?

The Philippines ranked 36th in 1980, 44th in 2000 and 32nd in 2025. Its GDP grew from $84 billion in 2000 to $487 billion in 2025.

Which economies are closest to the Philippines in size?

In 2025 the nearest were Norway at $531 billion, Vietnam at $515 billion and Malaysia at $472 billion. The Philippines sat between Vietnam and Malaysia.

Where does this data come from?

World Bank, World Development Indicators (NY.GDP.MKTP.CD), GDP in current US$, billions. Retrieved November 4, 2026. You can download the full table as a CSV from this page.

Can I turn this chart into a video?

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