GDP From Services in Philippines decreased to 2586640 PHP Million in the second quarter of 2020 from 2662284 PHP Million in the first quarter of 2020.

GDP From Services in Philippines averaged 1080996.01 PHP Million from 2008 until 2020, reaching an all time high of 2662284 PHP Million in the first quarter of 2020 and a record low of 675416.60 PHP Million in the first quarter of 2008. This page provides - Philippines Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines GDP From Services - values, historical data and charts - was last updated on October of 2020. source: Phillipine Statistics Authority

GDP From Services in Philippines is expected to be 1593007.61 PHP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP From Services in Philippines to stand at 1628686.00 in 12 months time. In the long-term, the Philippines GDP From Services is projected to trend around 1698146.11 PHP Million in 2021 and 1795260.00 PHP Million in 2022, according to our econometric models.

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Philippines GDP From Services

Actual Previous Highest Lowest Dates Unit Frequency
2586640.00 2662284.00 2662284.00 675416.60 2008 - 2020 PHP Million Quarterly
Constant Prices 2018, NSA

Philippines GDP Last Previous Highest Lowest Unit
GDP Growth Rate -15.20 -5.10 3.40 -15.20 percent [+]
GDP Annual Growth Rate -16.50 -0.70 12.40 -16.50 percent [+]
GDP 376.80 346.84 376.80 4.40 USD Billion [+]
GDP Constant Prices 4154829.62 4450941.41 4450941.41 487413.68 PHP Million [+]
Gross National Product 4380419.75 5166622.67 5166622.67 944320.00 PHP Million [+]
Gross Fixed Capital Formation 806777.14 1072932.66 1072932.66 163357.69 PHP Million [+]
GDP per capita 3337.70 3190.80 3337.70 1100.00 USD [+]
GDP per capita PPP 8908.20 8516.10 8908.20 4006.70 USD [+]
GDP From Agriculture 416402.00 439734.00 439734.00 114778.44 PHP Million [+]
GDP From Construction 554684.48 625980.07 625980.07 85502.67 PHP Million [+]
GDP From Manufacturing 716453.93 877543.97 877543.97 252377.26 PHP Million [+]
GDP From Mining 42916.75 35248.70 42916.75 10394.10 PHP Million [+]
GDP From Public Administration 257971.86 190728.67 257971.86 43289.41 PHP Million [+]
GDP From Services 2586640.00 2662284.00 2662284.00 675416.60 PHP Million [+]
GDP From Transport 86211.00 168036.00 168036.00 34827.71 PHP Million [+]
GDP From Utilities 143310.65 136407.28 143310.65 42117.43 PHP Million [+]