Philippines's gross fixed capital formation (current US$) was US$110.75 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 62.56% from US$68.13 billion in 2015 (4.98% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$110.75 billion | 2025 |
| Five years earlier | US$77.06 billion | 2020 |
| Ten years earlier | US$68.13 billion | 2015 |
| Highest | US$110.75 billion | 2025 |
| Lowest | US$14.45 billion | 2001 |
| Average since 2016 | US$94.29 billion | 2016–2025 |
| First recorded | US$16.21 billion |
What the numbers say
In 2025, Philippines' gross fixed capital formation (current US$) rose 1.8% on 2024 (from US$108.76 billion to US$110.75 billion).
Across the 24 yearly changes before that (2001 to 2024), the average change was +8.9% and a typical year strayed about 11.2% 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 29.8% in 2010 and the biggest yearly fall was 24.7% 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 the straight-line trend is upward, about US$2.92 billion a year. A straight line explains 55% of the movement over 10 observed years.
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 30th highest value of the 126 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.
| Value | Year | |
|---|---|---|
| Philippines | US$110.75 billion | 2025 |
| World | US$28.61 trillion | 2024 |
| East Asia & Pacific | US$10.99 trillion | 2024 |
| Upper middle income | US$10.46 trillion | 2024 |
Closest to Philippines in the 2025 ranking
- Bangladesh — 27th of 126: US$130.24 billion
- Norway — 28th of 126: US$124.08 billion
- Algeria — 29th of 126: US$113.09 billion
- Romania — 31st of 126: US$109.78 billion
- Argentina — 32nd of 126: US$109.3 billion
- Iran, Islamic Rep. — 33rd of 126: US$104.45 billion
What this measures
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 26 values
| Year | Gross fixed capital formation (current US$) |
|---|---|
| 2025 | 110,746,232,496 |
| 2024 | 108,759,863,196 |
| 2023 | 103,295,936,610 |
| 2022 | 94,400,203,294 |
| 2021 | 87,799,824,743 |
| 2020 | 77,061,177,024 |
| 2019 | 102,326,866,710 |
| 2018 | 94,629,911,710 |
| 2017 | 84,232,079,456 |
| 2016 | 79,645,993,668 |
Gross fixed capital formation (current US$) in nearby economies
- Australia — US$437.56 billion (2025)
- Brunei Darussalam — US$4.05 billion (2025)
- Cambodia — US$15.85 billion (2025)
- China — US$7.43 trillion (2024)
- Fiji — US$1.2 billion (2024)
- French Polynesia — US$1.39 billion (2024)
- Hong Kong SAR, China — US$72.38 billion (2025)
- Indonesia — US$415.87 billion (2025)
- Japan — US$1.17 trillion (2024)
- Kiribati
More economic policy & debt data for Philippines
- Total reserves, including gold (current US$) — 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 (current US$)?
- US$110.75 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is up 583.36% from US$16.21 billion in 2000 (7.99% a year on average, compounded). The highest value was US$110.75 billion in 2025 and the lowest US$14.45 billion in 2001.
- How does Philippines rank?
- 30th highest of 126 economies with data for 2025.
- Is the latest change in gross fixed capital formation (current US$) unusual for Philippines?
- In 2025, Philippines' gross fixed capital formation (current US$) rose 1.8% on 2024 (from US$108.76 billion to US$110.75 billion). Across the 24 yearly changes before that (2001 to 2024), the average change was +8.9% and a typical year strayed about 11.2% 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.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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