Philippines Gdp Growth 2024

Philippines Gdp Growth 2024. Philippines gdp for 2021 was $394.09b, a 8.94% increase from 2020. Philippines gdp for 2020 was $361.75b, a 4%.

The philippines has narrowed its economic growth target for 2024 to a range of 6.0% to 6.5%, down from a top end of 7% previously, and revised its outlook through 2028 amid. Gdp growth is expected to reach 5.8 percent in 2024 and accelerate to 6.3 percent in 2025, supported by strong domestic demand and a pickup in external demand.