Philippines - Services Value Added 2024
63.22%
+0.82% from 2023
Philippines's services value added was 63.22% in 2024, increased +0.82% from 62.40% in 2023. This was the 122nd highest globally.
Global Ranking - 2024▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Guyana | 14.46% | -22.9% |
| 2nd | Libya | 28.34% | 18.2% |
| 3rd | Tanzania | 29.56% | 3.0% |
| 4th | Chad | 29.78% | -1.8% |
| 5th | Cambodia | 35.59% | -1.5% |
| 6th | Mali | 36.31% | 1.2% |
| 7th | Guinea | 36.34% | -2.4% |
| 8th | Gabon | 36.82% | -2.6% |
| 9th | Guinea-Bissau | 37.88% | -10.1% |
| 10th | Brunei Darussalam | 38.95% | 0.3% |
| 11th | Ghana | 40.94% | -5.0% |
| 12th | Angola | 41.06% | -1.8% |
| 13th | Mozambique | 41.10% | 0.0% |
| 14th | Myanmar | 41.35% | 4.2% |
| 15th | Liberia | 41.93% | 3.5% |
| 16th | Central African Republic | 42.08% | 3.9% |
| 17th | Azerbaijan | 42.32% | 6.4% |
| 18th | Viet Nam | 42.36% | 0.2% |
| 19th | Mauritania | 42.43% | -1.4% |
| 20th | Sierra Leone | 42.57% | 1.0% |
| 21st | Uganda | 43.14% | 1.5% |
| 22nd | Burundi | 43.22% | -0.9% |
| 23rd | Lao PDR | 43.53% | -1.1% |
| 24th | Indonesia | 43.77% | 2.1% |
| 25th | Burkina Faso | 43.95% | -7.6% |
| 26th | Malawi | 44.21% | -2.0% |
| 27th | Mongolia | 44.34% | 8.0% |
| 28th | Congo, Republic of | 45.02% | 11.4% |
| 29th | Niger | 45.03% | -3.2% |
| 30th | Uzbekistan | 45.19% | 2.8% |
| 31st | Kosovo | 45.68% | -1.9% |
| 32nd | Iraq | 45.77% | 4.8% |
| 33rd | Oman | 46.01% | 1.6% |
| 34th | Qatar | 46.07% | 3.0% |
| 35th | Congo, Democratic Republic of | 46.57% | 1.4% |
| 36th | Algeria | 46.79% | 2.7% |
| 37th | Nicaragua | 46.83% | 0.7% |
| 38th | Solomon Islands | 46.92% | -2.2% |
| 39th | Saudi Arabia | 47.07% | 5.2% |
| 40th | Rwanda | 47.55% | 4.0% |
| 41st | Madagascar | 47.72% | -1.5% |
| 42nd | Lesotho | 48.04% | -5.0% |
| 43rd | Haiti | 48.31% | 1.6% |
| 44th | Senegal | 48.41% | -2.4% |
| 45th | Albania | 48.69% | 2.2% |
| 46th | Paraguay | 48.75% | 1.3% |
| 47th | Benin | 48.88% | 2.4% |
| 48th | Egypt, Arab Republic of | 48.93% | -5.3% |
| 49th | Togo | 49.16% | 0.8% |
| 50th | Belarus | 49.68% | 1.8% |
| 51st | Iran, Islamic Republic of | 49.79% | 4.5% |
| 52nd | India | 49.87% | 0.7% |
| 53rd | Comoros | 50.07% | -1.0% |
| 54th | Turkmenistan | 50.35% | 1.8% |
| 55th | Zimbabwe | 50.61% | 2.1% |
| 56th | Cameroon | 50.72% | -0.3% |
| 57th | Pakistan | 50.73% | -0.5% |
| 58th | Suriname | 50.85% | 4.1% |
| 59th | Equatorial Guinea | 51.10% | 1.4% |
| 60th | Peru | 51.29% | 0.2% |
| 61st | Eswatini | 51.36% | -1.0% |
| 62nd | Bangladesh | 51.42% | 0.6% |
| 63rd | Norway | 51.81% | 3.7% |
| 64th | Puerto Rico (US) | 51.81% | 0.4% |
| 65th | Côte d'Ivoire | 51.86% | -0.8% |
| 66th | Kyrgyz Republic | 52.14% | 1.6% |
| 67th | Morocco | 52.73% | -1.8% |
| 68th | Bahrain | 53.19% | 2.4% |
| 69th | Bolivia, Plurinational State of | 53.36% | -0.8% |
| 70th | Argentina | 53.65% | 0.9% |
| 71st | Malaysia | 53.72% | 0.3% |
| 72nd | Nigeria | 53.73% | 3.9% |
| 73rd | Faroe Islands | 53.83% | 4.2% |
| 74th | Namibia | 54.46% | 2.2% |
| 75th | Fiji | 54.57% | -3.0% |
| 76th | Sudan | 54.67% | 32.1% |
| 77th | United Arab Emirates | 54.90% | 2.0% |
| 78th | Nepal | 55.22% | -0.3% |
| 79th | Kenya | 55.30% | -0.3% |
| 80th | Kuwait | 55.85% | 7.3% |
| 81st | Chile | 56.08% | -2.6% |
| 82nd | North Macedonia | 56.25% | -1.2% |
| 83rd | Bosnia and Herzegovina | 56.56% | 1.2% |
| 84th | China | 56.75% | 0.7% |
| 85th | Gambia, The | 56.79% | 3.2% |
| 86th | Dominica | 56.94% | -2.4% |
| 87th | Ecuador | 57.16% | -2.5% |
| 88th | Zambia | 57.19% | 0.7% |
| 89th | Sri Lanka | 57.47% | -4.0% |
| 90th | Korea | 57.50% | -2.4% |
| 91st | Türkiye | 57.52% | 5.8% |
| 92nd | Russian Federation | 57.53% | 1.4% |
| 93rd | Slovenia | 57.94% | 0.1% |
| 94th | Kazakhstan | 57.94% | 2.8% |
| 95th | Mexico | 58.10% | 0.9% |
| 96th | Colombia | 58.14% | 2.5% |
| 97th | Honduras | 58.41% | 1.5% |
| 98th | Serbia | 58.78% | 1.7% |
| 99th | Poland | 59.15% | 1.6% |
| 100th | Thailand | 59.15% | 1.2% |
| 101st | Brazil | 59.17% | 0.0% |
| 102nd | Trinidad and Tobago | 59.18% | -1.9% |
| 103rd | Hungary | 59.52% | 2.1% |
| 104th | Dominican Republic | 59.81% | 0.4% |
| 105th | Jamaica | 59.96% | 0.1% |
| 106th | Slovak Republic | 59.96% | -0.1% |
| 107th | Czechia | 60.17% | 0.8% |
| 108th | Jordan | 60.39% | -0.6% |
| 109th | Ireland | 60.56% | 0.4% |
| 110th | Ukraine | 60.62% | -1.0% |
| 111th | Croatia | 60.84% | 1.7% |
| 112th | El Salvador | 61.04% | 0.5% |
| 113th | Guatemala | 61.84% | 0.7% |
| 114th | Georgia | 61.98% | -0.1% |
| 115th | Armenia | 61.99% | 2.7% |
| 116th | Finland | 62.21% | 0.7% |
| 117th | Moldova | 62.27% | 1.2% |
| 118th | Belize | 62.44% | 0.5% |
| 119th | Romania | 62.55% | 2.7% |
| 120th | Tunisia | 62.61% | 0.8% |
| 121st | South Africa | 62.99% | 0.4% |
| 122nd | Philippines | 63.22% | 1.3% |
| 123rd | Botswana | 63.49% | 7.3% |
| 124th | Denmark | 63.55% | -0.6% |
| 125th | Lithuania | 63.59% | 0.8% |
| 126th | Bulgaria | 63.76% | 2.1% |
| 127th | Montenegro | 63.77% | -0.3% |
| 128th | Austria | 63.97% | 2.2% |
| 129th | Germany | 64.05% | 0.7% |
| 130th | Mauritius | 64.37% | -0.8% |
| 131st | Latvia | 64.60% | 1.2% |
| 132nd | Iceland | 64.89% | -0.7% |
| 133rd | Italy | 65.05% | 1.2% |
| 134th | Uruguay | 65.26% | -0.6% |
| 135th | Estonia | 65.70% | 0.9% |
| 136th | Grenada | 65.71% | 1.0% |
| 137th | Seychelles | 65.77% | -2.3% |
| 138th | European Union | 66.05% | 0.8% |
| 139th | St. Kitts and Nevis | 66.13% | 1.0% |
| 140th | Australia | 66.14% | 3.9% |
| 141st | Portugal | 66.28% | 0.0% |
| 142nd | St. Vincent and the Grenadines | 66.40% | 0.0% |
| 143rd | Sweden | 66.43% | 1.5% |
| 144th | Marshall Islands | 66.99% | -3.9% |
| 145th | Micronesia, Federated States of | 67.91% | -2.5% |
| 146th | Greece | 68.01% | -1.0% |
| 147th | Cabo Verde | 68.72% | -0.2% |
| 148th | Costa Rica | 68.78% | 1.2% |
| 149th | Spain | 68.90% | 0.3% |
| 150th | Panama | 69.34% | 2.3% |
| 151st | Samoa | 69.36% | -1.9% |
| 152nd | Netherlands | 70.49% | 0.6% |
| 153rd | France | 70.91% | 1.0% |
| 154th | Belgium | 70.99% | 1.0% |
| 155th | Timor-Leste | 71.63% | 17.4% |
| 156th | Switzerland | 72.03% | -0.2% |
| 157th | Maldives | 72.10% | 1.9% |
| 158th | Curaçao | 72.30% | -1.4% |
| 159th | United Kingdom | 72.45% | 0.0% |
| 160th | Israel | 72.54% | 0.5% |
| 161st | Turks and Caicos Islands | 72.64% | -1.3% |
| 162nd | Singapore | 73.03% | 0.5% |
| 163rd | Cuba | 73.39% | 0.3% |
| 164th | Barbados | 75.53% | 0.0% |
| 165th | St. Lucia | 75.90% | -0.5% |
| 166th | Djibouti | 76.08% | -1.3% |
| 167th | Cyprus | 76.48% | 0.3% |
| 168th | Bahamas, The | 77.19% | -1.7% |
| 169th | Andorra | 77.59% | -0.9% |
| 170th | São Tomé and Principe | 80.34% | 3.5% |
| 171st | Luxembourg | 81.18% | -0.8% |
| 172nd | Malta | 81.77% | 0.1% |
| 173rd | Monaco | 87.20% | -1.5% |
| 174th | Hong Kong SAR, China | 91.75% | 0.4% |
FAQ
What was Philippines's services value added in 2024?▾
Philippines's services value added in 2024 was 63.22%. This ranked 122nd globally.
How did Philippines's services value added change in 2024?▾
Philippines's services value added increased by 1.3% in 2024 compared to 2023.
Which country had the highest services value added in 2024?▾
Hong Kong SAR, China had the highest services value added in 2024 at 91.75%.
What is the services value added of Philippines in 2024?▾
The services value added of Philippines in 2024 was 63.22%. This ranked 122nd globally.
How does 2024 compare to 2023 for Philippines's services value added?▾
Philippines's services value added went from 62.40% in 2023 to 63.22% in 2024, a 1.3% increase.
Related
2023
2025
All years
Full ranking 2024
GDP
GDP per Capita
GDP Growth
GDP PPP
GNI
Peak: 2025
Lowest: 1977
Services Value Added 1990s
Services Value Added 2000s
Services Value Added 2010s
Services Value Added 2020s
Highest ever
Lowest ever
Average
vs Bhutan
vs Djibouti
vs Eswatini
vs Sri Lanka
ASEAN Services Value Added
Global Ranking