Constant GDP per capita for the Philippines
NYGDPPCAPKDPHL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,925.30
Year-over-Year Change
54.92%
Date Range
1/1/1960 - 1/1/2024
Summary
The Constant GDP per capita for the Philippines measures the total economic output of the country divided by its population, adjusted for inflation. This metric is a key indicator of a country's economic development and standard of living.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Constant GDP per capita provides a standardized measure of economic productivity and wealth that allows for cross-country and historical comparisons. Economists and policymakers use this metric to assess the relative economic health and progress of the Philippines over time.
Methodology
The data is calculated by the World Bank using national accounts data and population figures.
Historical Context
Constant GDP per capita is an important statistic for understanding the Philippines' economic and social development within the broader global context.
Key Facts
- The Philippines' constant GDP per capita was $3,353 in 2021.
- Constant GDP per capita in the Philippines has grown by 46% over the past 20 years.
- The Philippines ranks 127th globally in terms of constant GDP per capita.
FAQs
Q: What does this economic trend measure?
A: The Constant GDP per capita for the Philippines measures the total economic output of the country divided by its population, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Constant GDP per capita is a key indicator of a country's economic development and living standards, allowing for comparisons over time and across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and population figures.
Q: How is this trend used in economic policy?
A: Economists and policymakers use constant GDP per capita to assess the relative economic health and progress of the Philippines within the global context.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of 1-2 years.
Related Trends
Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Philippines
DDAI04PHA156NWDB
Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Philippines
PHLFCAODCNUM
Value of Exports to Philippines from Tennessee
TNPHLA052SCEN
Liquid Liabilities to GDP for Philippines
DDDI05PHA156NWDB
External Trade: Volume of Exports of Goods and Services for Philippines
PHLTXRPCPPPT
Outstanding Domestic Private Debt Securities to GDP for Philippines
DDDM03PHA156NWDB
Citation
U.S. Federal Reserve, Constant GDP per capita for the Philippines (NYGDPPCAPKDPHL), retrieved from FRED.