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Philippines GDP Growth Rate (QoQ)

The Philippines Quarter-over-Quarter GDP growth rate increased to 1.5% in Q2 2025, up from 1.2% in Q1 2025. This acceleration was driven by a strong rebound in the agricultural sector and sustained household spending. Household consumption rose to 5.5% in Q2 2025, supported by easing inflation and consumer lending. Exports slowed due to ongoing trade tensions and softer global demand. Philippines's record low GDP growth rate was -13.9% in Q2 2020 and record high was 7% in Q3 2020.

Quarterly Historical Data (1998-2025)

(in %)
Quarter GDP Growth Rate (QoQ)
Q2 2025 1.5%
Q1 2025 1.2%
Q4 2024 1.5%
Q3 2024 1.1%
Q2 2024 1.4%
Q1 2024 1.1%
Q4 2023 1.4%
Q3 2023 2.7%
Q2 2023 0.3%
Q1 2023 1.1%
Q4 2022 1.4%
Q3 2022 1.7%
Q2 2022 1.8%
Q1 2022 1.6%
Q4 2021 2.6%
Q3 2021 1.9%
Q2 2021 1.5%
Q1 2021 1.4%
Q4 2020 2.3%
Q3 2020 7%
Q2 2020 -13.9%
Q1 2020 -3.6%
Q4 2019 -0.5%
Q3 2019 1.7%
Q2 2019 2.1%
Q1 2019 2.4%
Q4 2018 0.1%
Q3 2018 1.3%
Q2 2018 2.2%
Q1 2018 2.2%
Q4 2017 0.2%
Q3 2017 1.8%
Q2 2017 2.3%
Q1 2017 1.9%
Q4 2016 1.4%
Q3 2016 1.4%
Q2 2016 2%
Q1 2016 1.8%
Q4 2015 2.2%
Q3 2015 1.1%
Q2 2015 1.9%
Q1 2015 1.7%
Q4 2014 1.3%
Q3 2014 0.9%
Q2 2014 1.9%
Q1 2014 2.5%
Q4 2013 0.7%
Q3 2013 1.4%
Q2 2013 1%
Q1 2013 2.1%
Q4 2012 2.2%
Q3 2012 1.7%
Q2 2012 1.4%
Q1 2012 2.8%
Q4 2011 1.6%
Q3 2011 0.1%
Q2 2011 1.3%
Q1 2011 1%
Q4 2010 0.8%
Q3 2010 0.5%
Q2 2010 1.9%
Q1 2010 3.4%
Q4 2009 0.8%
Q3 2009 1.1%
Q2 2009 2.2%
Q1 2009 -2%
Q4 2008 -0.1%
Q3 2008 1.8%
Q2 2008 1.4%
Q1 2008 0.2%
Q4 2007 2%
Q3 2007 1.3%
Q2 2007 0.7%
Q1 2007 2.4%
Q4 2006 2%
Q3 2006 1.1%
Q2 2006 1.1%
Q1 2006 1.7%
Q4 2005 1.1%
Q3 2005 1.5%
Q2 2005 0.5%
Q1 2005 1.4%
Q4 2004 1.4%
Q3 2004 1.6%
Q2 2004 0.7%
Q1 2004 1.9%
Q4 2003 2%
Q3 2003 2.3%
Q2 2003 0.8%
Q1 2003 0.8%
Q4 2002 1.9%
Q3 2002 0.8%
Q2 2002 0.8%
Q1 2002 1%
Q4 2001 0.1%
Q3 2001 1.4%
Q2 2001 1.1%
Q1 2001 0.5%
Q4 2000 0.3%
Q3 2000 1.3%
Q2 2000 0.3%
Q1 2000 1.6%
Q4 1999 1.3%
Q3 1999 0.6%
Q2 1999 0.8%
Q1 1999 2.1%
Q4 1998 0.5%
Q3 1998 -0.4%
Q2 1998 -1.7%
Philippines GDP Growth Rate (QoQ) : Definition
The Philippines Quarter-over-Quarter GDP growth rate shows the percentage change in the nation's total economic output from one quarter to the next. It compares the current quarter's Gross Domestic Product value against the prior quarter's value. GDP represents the total market value of all final goods and services produced within the Philippines.
Indicator Last Value Prior Value Period
GDP $461.62B $437.06B 2024
GDP Annual Growth Rate 5.69% 5.52% 2024
GDP Growth Rate (YoY) 5.5% 5.4% Jun'25
GDP per Capita $3,925.3 $3,744.7 2024
GDP per Capita PPP $10,375.94 $9,898.53 2024
R&D Expenditure (% GDP) 0.32% 0.16% 2018
Real GDP $454.72B $430.23B 2024