GDP growth (annual) · Philippines
Philippines GDP Growth Rate YoY
The Philippines GDP Growth Rate YoY measures how much the economy of the Philippines grew compared with the same period a year earlier.
- Importance
- Medium
- Released
- Quarterly
- Next release
- Currency
- PHP · Philippine peso
- Central bank
- Bangko Sentral ng Pilipinas
Latest figures
The latest release for Q2, published on 7 August 2026, came in at 2.3%, below the consensus of 2.8%, down from 2.8% the time before.
A weaker figure than expected points to slowing activity: the Philippine peso tends to soften and markets price in lower rates.
Over the last 7 releases it ranged from 2.3% to 5.5%, averaging 4.0%; it has been falling for three releases in a row.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 7 Aug 2026 | Q2 | 2.3% | 2.8% | 2.8% |
| 7 May 2026 | Q1 | 2.8% | 3.5% | 3% |
| 29 Jan 2026 | Q4 | 3% | 3.8% | 3.9% ® |
| 7 Nov 2025 | Q3 | 4% | 5.2% | 5.5% |
| 7 Aug 2025 | Q2 | 5.5% | 5.4% | 5.4% |
| 8 May 2025 | Q1 | 5.4% | 5.6% | 5.3% ® |
| 30 Jan 2025 | Q4 | 5.2% | 5.4% | 5.2% |
Why it matters
The yearly rate is less noisy than the quarterly change and is the figure most people mean by "economic growth". It shapes the earnings outlook for local companies, tax revenue, and Bangko Sentral ng Pilipinas's view of how much spare capacity the economy has.
How it is calculated
the Philippine Statistics Authority compares real GDP (after inflation) with the same quarter or year before; full-year figures sum the four quarters.
Growth (yoy) = real GDP ÷ real GDP a year ago − 1What changes mean
- Growth above the country's trend (about 1–2% for advanced economies, more for emerging ones) tends to raise inflation pressure.
- Annual growth turns only slowly; the quarterly figure shows turning points earlier.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the Philippine peso and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the Philippine peso tends to soften and markets price in lower rates.
A short history
Annual national accounts spread after the Second World War under the UN System of National Accounts (first edition 1953).
Questions
What is the Philippines GDP Growth Rate YoY?
The Philippines GDP Growth Rate YoY measures how much the economy of the Philippines grew compared with the same period a year earlier.
What was the latest Philippines GDP Growth Rate YoY?
2.3% for Q2, published on 7 August 2026 (consensus 2.8%, previous 2.8%).
When is the next Philippines GDP Growth Rate YoY?
On Monday 9 November 2026 at 01:00 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.