Philippines's gross fixed capital formation (constant LCU) was 5.26 trillion in 2025, the latest year in the World Bank's World Development Indicators. That is up 59.22% from 3.3 trillion in 2015 (4.76% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 5.26 trillion | 2025 |
| Five years earlier | 3.76 trillion | 2020 |
| Ten years earlier | 3.3 trillion | 2015 |
| Highest | 5.26 trillion | 2025 |
| Lowest | 1.22 trillion | 2001 |
| Average since 2016 | 4.64 trillion | 2016–2025 |
| First recorded | 1.28 trillion |
What the numbers say
In 2025, Philippines' gross fixed capital formation (constant LCU) rose 0.8% on 2024 (from 5.22 trillion to 5.26 trillion).
Across the 24 yearly changes before that (2001 to 2024), the average change was +6.5% and a typical year strayed about 9.6% from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 20.9% in 2016 and the biggest yearly fall was 27.3% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 26% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Philippines had the 27th highest value of the 123 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Philippines in the 2025 ranking
What this measures
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 26 values
| Year | Gross fixed capital formation (constant LCU) |
|---|---|
| 2025 | 5,256,176,208,225 |
| 2024 | 5,215,570,208,124 |
| 2023 | 4,907,486,303,700 |
| 2022 | 4,535,176,043,600 |
| 2021 | 4,132,142,171,000 |
| 2020 | 3,761,791,285,800 |
| 2019 | 5,175,519,970,500 |
| 2018 | 4,983,346,471,400 |
| 2017 | 4,412,035,368,100 |
| 2016 | 3,990,752,913,900 |
Gross fixed capital formation (constant LCU) in nearby economies
- Australia — 655.84 billion (2025)
- Brunei Darussalam — 5.17 billion (2025)
- Cambodia — 53.28 trillion (2025)
- Hong Kong SAR, China — 537.52 billion (2025)
- Indonesia — 4,205.4 trillion (2025)
- Japan — 154.67 trillion (2024)
- Kiribati — 122.32 million (2024)
- Korea, Rep. — 637.48 trillion (2025)
- Lao PDR — 34.53 trillion (2016)
- Macao SAR, China
More economic policy & debt data for Philippines
- Total reserves, including gold (current US$) — US$110.93 billion (2025)
- Total reserves, excluding gold (current US$) — US$92.26 billion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$70.26 billion (2025)
- General government final consumption expenditure (constant LCU) — 3.5 trillion (2025)
- Households and NPISHs final consumption expenditure (constant 2015 US$) — US$339.25 billion (2025)
- Households and NPISHs final consumption expenditure (constant LCU) — 16.86 trillion (2025)
- Households and NPISHs final consumption expenditure per capita (constant 2015 US$) — US$2,905 (2025)
- Final consumption expenditure (constant 2015 US$)
Reading data like this
Questions people ask
- What is Philippines's gross fixed capital formation (constant LCU)?
- 5.26 trillion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is up 311.38% from 1.28 trillion in 2000 (5.82% a year on average, compounded). The highest value was 5.26 trillion in 2025 and the lowest 1.22 trillion in 2001.
- How does Philippines rank?
- 27th highest of 123 economies with data for 2025.
- Is the latest change in gross fixed capital formation (constant LCU) unusual for Philippines?
- In 2025, Philippines' gross fixed capital formation (constant LCU) rose 0.8% on 2024 (from 5.22 trillion to 5.26 trillion). Across the 24 yearly changes before that (2001 to 2024), the average change was +6.5% and a typical year strayed about 9.6% from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.GDI.FTOT.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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