Home Philippines GDP 2023

Philippines – GDP 2023

Gross Domestic Product. Total market value of all finished goods and services produced within a country in a given year, measured in current US dollars. · World Bank
$437.1B +$32.7B from 2022 G20 rank: 167th

Philippines's gdp was $437.1B in 2023, increased +$32.7B from $404.4B in 2022. This was the 167th highest in the G20.

G20 Ranking – 2023
RankCountryValueYoY
1st Tuvalu $62.3M 5.4%
2nd Nauru $151.4M -0.6%
3rd Marshall Islands $263.8M 1.9%
4th Palau $276.7M 13.5%
5th Kiribati $288.6M 6.9%
6th Micronesia, Federated States of $441.5M 6.1%
7th Tonga $591.1M 6.2%
8th Dominica $659.3M 5.8%
9th São Tomé and Principe $690.5M 27.7%
10th Samoa $1.0B 17.5%
11th St. Kitts and Nevis $1.1B 7.6%
12th St. Vincent and the Grenadines $1.1B 8.4%
13th Vanuatu $1.1B 5.8%
14th Comoros $1.3B 8.5%
15th Grenada $1.3B 9.2%
16th Solomon Islands $1.5B 2.7%
17th Turks and Caicos Islands $1.6B 14.3%
18th Sint Maarten (Dutch part) $1.7B 5.9%
19th Antigua and Barbuda $2.0B 7.5%
20th San Marino $2.0B 10.8%
21st Timor-Leste $2.1B -35.2%
22nd Lesotho $2.1B -10.1%
23rd Guinea-Bissau $2.1B 14.4%
24th Seychelles $2.2B 8.4%
25th Gambia, The $2.4B 8.1%
26th St. Lucia $2.4B 3.7%
27th Cabo Verde $2.5B 11.5%
28th Central African Republic $2.6B 7.3%
29th Bhutan $3.0B 4.0%
30th Belize $3.1B 7.2%
31st Curaçao $3.3B 6.7%
32nd Greenland $3.3B 5.5%
33rd Burundi $3.4B -15.0%
34th Suriname $3.5B -8.4%
35th Andorra $3.8B 12.0%
36th Aruba $3.8B 15.4%
37th Djibouti $3.9B 9.4%
38th Faroe Islands $3.9B 9.1%
39th Liberia $4.4B 9.7%
40th Eswatini $4.6B -2.6%
41st Fiji $5.5B 10.0%
42nd French Polynesia $6.1B 9.2%
43rd Sierra Leone $6.4B -9.9%
44th Maldives $6.6B 7.2%
45th Barbados $7.2B 4.9%
46th Cayman Islands $7.2B 8.7%
47th Montenegro $7.6B 22.3%
48th Liechtenstein $8.2B 10.9%
49th Bermuda $8.6B 9.0%
50th New Caledonia $9.8B 1.5%
51st Togo $9.8B 13.5%
52nd Monaco $10.0B 13.7%
53rd Kosovo $10.5B 11.9%
54th Mauritania $10.7B 12.2%
55th Somalia, Fed. Rep. $11.0B 7.4%
56th Tajikistan $12.2B 14.3%
57th Equatorial Guinea $12.3B -9.9%
58th Namibia $12.4B -1.3%
59th Channel Islands $12.5B 10.6%
60th Malawi $13.4B 7.5%
61st Mauritius $14.1B 8.8%
62nd Rwanda $14.3B 7.6%
63rd Brunei Darussalam $15.1B -9.5%
64th Kyrgyz Republic $15.2B 25.1%
65th Bahamas, The $15.3B 9.9%
66th Congo, Republic of $15.3B -3.1%
67th Lao PDR $15.8B 2.4%
68th North Macedonia $15.9B 13.8%
69th Madagascar $15.9B 3.6%
70th Niger $16.7B 8.2%
71st Moldova $16.7B 15.1%
72nd Guyana $16.9B 14.9%
73rd Afghanistan $17.2B 18.3%
74th Nicaragua $17.8B 13.9%
75th West Bank and Gaza $17.8B -6.9%
76th Chad $18.3B 2.9%
77th Gabon $19.4B -5.1%
78th Botswana $19.4B -4.5%
79th Benin $19.7B 12.9%
80th Haiti $19.9B -2.0%
81st Lebanon $20.1B -4.4%
82nd Burkina Faso $20.1B 8.0%
83rd Mongolia $20.3B 18.5%
84th Mozambique $20.9B 10.8%
85th Jamaica $21.4B 13.8%
86th Guinea $22.4B 12.5%
87th Malta $22.6B 19.5%
88th Albania $23.5B 23.5%
89th Armenia $24.2B 23.9%
90th Mali $24.8B 10.1%
91st Trinidad and Tobago $25.0B -11.7%
92nd Zambia $27.6B -5.4%
93rd Bosnia and Herzegovina $27.6B 12.5%
94th Senegal $30.7B 10.5%
95th Georgia $30.8B 23.2%
96th Papua New Guinea $30.8B -2.6%
97th Iceland $31.7B 8.6%
98th El Salvador $33.9B 6.2%
99th Honduras $34.4B 9.3%
100th Cyprus $35.1B 12.4%
101st Zimbabwe $35.9B -12.0%
102nd Sudan $39.9B -22.8%
103rd Nepal $41.0B -0.3%
104th Estonia $41.5B 8.5%
105th Cambodia $42.3B 5.9%
106th Latvia $42.8B 12.6%
107th Paraguay $43.1B 2.8%
108th Libya $44.0B 1.8%
109th Macao SAR, China $45.6B 83.0%
110th Turkmenistan $45.9B 8.7%
111th Bahrain $46.2B -0.6%
112th Tunisia $48.2B 7.3%
113th Uganda $48.8B 7.0%
114th Cameroon $48.8B 10.1%
115th Jordan $51.1B 4.8%
116th Bolivia, Plurinational State of $52.3B 2.7%
117th Myanmar $66.8B 7.2%
118th Slovenia $69.3B 15.6%
119th Congo, Democratic Republic of $69.8B -0.8%
120th Azerbaijan $72.4B -8.1%
121st Belarus $72.5B -1.8%
122nd Uruguay $78.0B 10.5%
123rd Tanzania $79.0B 4.3%
124th Lithuania $79.8B 12.3%
125th Ghana $80.5B 9.0%
126th Côte d'Ivoire $80.8B 13.9%
127th Serbia $81.3B 21.8%
128th Sri Lanka $83.7B 12.9%
129th Panama $83.8B 9.6%
130th Croatia $85.6B 20.3%
131st Costa Rica $86.5B 24.9%
132nd Luxembourg $88.8B 9.9%
133rd Bulgaria $102.2B 12.9%
134th Uzbekistan $102.6B 13.9%
135th Guatemala $104.4B 9.1%
136th Oman $106.2B -3.3%
137th Angola $107.2B -18.3%
138th Kenya $107.5B -6.1%
139th Puerto Rico (US) $118.5B 4.1%
140th Dominican Republic $120.5B 6.1%
141st Ecuador $121.1B 4.3%
142nd Slovak Republic $133.6B 15.4%
143rd Morocco $146.0B 11.3%
144th Kuwait $165.4B -9.9%
145th Ukraine $181.2B 11.9%
146th Hungary $213.2B 20.5%
147th Qatar $217.3B -7.8%
148th Greece $242.9B 11.4%
149th Algeria $247.9B 9.9%
150th New Zealand $255.2B 2.3%
151st Kazakhstan $261.8B 16.1%
152nd Peru $267.0B 8.5%
153rd Iraq $268.9B -6.4%
154th Portugal $292.3B 13.8%
155th Finland $295.0B 5.3%
156th Chile $335.5B 11.4%
157th Pakistan $336.7B -10.2%
158th Czechia $345.1B 14.3%
159th Romania $347.8B 17.8%
160th Colombia $366.3B 6.0%
161st Hong Kong SAR, China $381.0B 6.2%
162nd South Africa $381.4B -6.4%
163rd Egypt, Arab Republic of $395.9B -17.0%
164th Malaysia $399.9B -1.9%
165th Denmark $404.7B 1.1%
166th Viet Nam $433.9B 4.9%
167th Philippines $437.1B 8.1%
168th Bangladesh $437.4B -4.9%
169th Iran, Islamic Republic of $457.5B 8.2%
170th Norway $482.9B -19.0%
171st Nigeria $487.4B -24.7%
172nd Singapore $505.4B -0.7%
173rd Israel $512.2B -2.5%
174th Thailand $515.9B 4.1%
175th Austria $516.7B 9.2%
176th United Arab Emirates $522.6B 2.2%
177th Ireland $567.4B 3.5%
178th Sweden $579.0B 0.7%
179th Argentina $649.5B 2.4%
180th Belgium $651.3B 10.2%
181st Poland $812.5B 16.8%
182nd Switzerland $894.4B 8.0%
183rd Netherlands $1.14T 8.5%
184th Türkiye $1.14T 23.2%
185th Saudi Arabia $1.22T -1.7%
186th Indonesia $1.37T 3.9%
187th Spain $1.62T 11.8%
188th Australia $1.73T 2.3%
189th Mexico $1.80T 22.6%
190th Korea $1.84T 2.5%
191st Russian Federation $2.07T -9.6%
192nd Canada $2.17T -0.8%
193rd Brazil $2.19T 12.3%
194th Italy $2.32T 10.1%
195th France $3.06T 9.4%
196th United Kingdom $3.42T 7.5%
197th India $3.64T 8.7%
198th Japan $4.21T -1.2%
199th Germany $4.56T 8.6%
200th China $18.27T -0.3%
201st European Union $18.66T 9.6%
202nd United States $27.29T 6.6%