National Accounts: Real Gross Domestic Product for Philippines
PHLNGDPRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.31
Year-over-Year Change
-9.00%
Date Range
1/1/1990 - 1/1/2029
Summary
The Real Gross Domestic Product (GDP) for the Philippines measures the total value of all goods and services produced in the country, adjusted for inflation. It is a key indicator of the country's economic performance and growth.
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
Real GDP is a comprehensive metric that tracks the overall size and growth of the Philippine economy. It is widely used by policymakers, analysts, and international organizations to assess the health and trajectory of the country's economy.
Methodology
The data is calculated by the Philippine Statistics Authority using national accounts data.
Historical Context
Real GDP is a crucial input for monetary and fiscal policy decisions in the Philippines.
Key Facts
- The Philippines' real GDP grew by 7.6% in 2022.
- Services make up the largest sector of the Philippine economy.
- Real GDP is a volume measure that removes the effects of inflation.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product (GDP) for the Philippines measures the total value of all goods and services produced in the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a comprehensive metric that tracks the overall size and growth of the Philippine economy, making it a crucial indicator for policymakers, analysts, and international organizations.
Q: How is this data collected or calculated?
A: The data is calculated by the Philippine Statistics Authority using national accounts data.
Q: How is this trend used in economic policy?
A: Real GDP is a crucial input for monetary and fiscal policy decisions in the Philippines.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of the Philippine Statistics Authority.
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Firms with a Bank Loan or Line of Credit to Total Firms for Philippines
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Value of Exports to Philippines from Virginia
VAPHLA052SCEN
Credit to Government and State-Owned Enterprises to GDP for Philippines
DDEI08PHA156NWDB
Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Philippines
PHLFCSODUXDC
Geographical Outreach: Number of Institutions, Other Depository Corporations for Philippines
PHLFCIODNUM
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Citation
U.S. Federal Reserve, National Accounts: Real Gross Domestic Product for Philippines (PHLNGDPRPCPPPT), retrieved from FRED.