The Philippines GDP advanced 2.2 percent quarter-on-quarter in the three months to December of 2019, accelerating from an upwardly revised 1.9 percent growth in the previous period. This was the strongest quarterly growth rate since the March quarter 2014, mainly supported by stronger output in both industry sector and services.
GDP Growth Rate in Philippines averaged 1.26 percent from 1998 until 2019, reaching an all time high of 3.40 percent in the first quarter of 2010 and a record low of -2.30 percent in the first quarter of 2009. This page provides - Philippines GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
GDP Growth Rate in Philippines is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Philippines to stand at 1.20 in 12 months time. In the long-term, the Philippines GDP Growth Rate is projected to trend around 1.20 percent in 2020, according to our econometric models.