philippines gdp per capita 2021

CEIC converts annual GDP per Capita into USD. The statistic shows gross domestic product (GDP) per capita in the ASEAN countries from 2016 to 2020, with projections up until 2026. 10Y. Philippines - GDP per capita (U.S. With a population of 332 million in 2021, according to the Census bureau, that means the U.S. GDP per capita was $71,343. As for the state's GDP in US dollars, it came in at $52.06 in the last quarter of 2020, down from $54.67 in Q4 2019. GDP per capita in Japan is expected to reach 35200.00 USD by the end of 2021, according to Trading Economics global macro models and analysts expectations. Philippines - 2021. The COVID-19 pandemic, however, dims the country's growth prospects in 2020. Putin's War Is A Disaster For The Global Economy Crude Oil Prices - 4/3/2022 3:00:00 PM The Gross Domestic Product per capita in Philippines was last recorded at 2639.90 US dollars in 2015, according to Tradingeconomics.com. List. GDP is the total value of all goods and services produced in a . 2. Philippines GDP Per Capita data is updated yearly, available from Dec 1950 to Dec 2021, with an average number of 737.487 USD. $2,000 note: data are in 2017 dollars (2018 est.) Estimates by world bank since 1960 in nominal terms and since 1990 in ppp terms at current and constant prices. Definition: This entry shows where production takes place in an economy. Real Gross Value Added (GVA) at Basic Prices is estimated at `123.39 lakh crore in 2020-21, as againts `133.01 lakh crore in 2019-20, showing a contraction of 7.2 per cent. Its $74,422 per capita GDP made Alaska the 4 th state with the largest US GDP per capita in 2019. Regions by GDP. In the long-term, the Philippines GDP per capita is projected to trend around 3300.00 USD in 2022, according to our econometric models. GDP per capita of Philippines in nominal and ppp terms. World Bank national accounts data, and OECD National Accounts data files. Here's a look at the 10 countries with the highest GDP per capita in 2021: However, not all citizens in Luxembourg are extremely wealthy. CSV XML EXCEL. The difference between the GDP per capita income of the richest and the poorest nation is 497 times based on 2021 data. In fact: 29% of people spend over 40% of their income on housing costs. industry: 30.6% (2017 est.) Philippines gdp for 2019 was $376.82B, a 8.64% increase from 2018. In 2006 the difference from the national average was the largest recorded in any province in the history of Canada. Nov 30, 2021. Gross national income per capita 2019, Atlas method and PPP Purchasing Atlas power parity methodology (international Ranking Economy (US dollars) Ranking Economy dollars) 125 El Salvador 4,000 125 El Salvador 8,720 126 Philippines 3,850 126 Eswatini 8,090 Statistics and historical data on GDP growth rate, per capita PPP, constant prices. In 2020, GDP per capita for Philippines was 3,299 US dollars. The finding is based on the GDP values of the country that is computed by dividing the country's GDP by the size of the population. services: 59.8% (2017 est.) - GDP per capita: $13,034 (1.3% 2009-2019 annual growth) - GDP: $763.3 billion (#32 among all countries) Unemployment, poverty, and inequality have been continual challenges for South Africa's economy, although the state does have abundant natural resources. Population figures based on United Nations data. The latest comprehensive information for - Philippines GDP - including latest news, historical data table, charts and more. The following video compares poorest Asian countries by GDP per capita from year 1960 to 2021. Philippines gdp per capita for 2017 was $3,123, a 1.61% increase from 2016. The Philippines is a country rich both in natural resources (e.g., nickel, copper, gold, silver, and chromium), and human resources (close to 104 million people). So, the growth rate is 9 per cent," the Bangladesh cabinet . 25Y. GDP per capita is gross domestic product divided by midyear population. Domestic general government health expenditure per capita (current US$) Domestic private health expenditure (% of current health expenditure) External health expenditure per capita, PPP (current international $) Download. Structure of Pakistan GDP: from agriculture, manufacturing, mining and services. Real GDP per capita of Philippines increased from 1,451 US dollars in 1971 to 3,270 US dollars in 2020 growing at an average annual rate of 1.74%. Estimates by world bank since 1960 in nominal terms and since 1990 in ppp terms at current and constant prices. Projections by IMF. If we take a leap forward, and analyze the figures for 2026, the gap is only . To view the evolution of the GDP per capita, it is interesting to look back a few years and compare these data with those of 2011 when the GDP per capita in United States was €35,958 $50,008. GDP of Country X: 400000000. $2,000 note: data are in 2017 dollars (2020 est.) source: IMF gdp data in 2020/October 2021 Countries in Africa by GDP, Per Capita. This is a list of regions of the Philippines by GDP and GDP per capita. According to a preliminary reading, GDP growth lost momentum in the third quarter, falling to 7.1% year-on-year from 12.0% in the second quarter, as surging Covid-19 infection rates prompted the introduction of restrictions. $8,900 note: data are in 2017 dollars (2019 est.) RAISING women's labor force participation will allow the country's GDP per capita to increase by double-digit by 2050, according to World Bank experts. 10Y. Philippines gdp per capita for 2020 was $3,299, a 5.35% decline from 2019. The cities of Makati, Tagaytay, and Pasig are the top three cities in the Philippines in terms of per capita income in 2009, while the cities of Bayawan (Negros Oriental), San Fernando (Pampanga), and San Jose Del Monte (Bulacan) are the bottom-dwellers. Saudi Arabia's Gross Domestic Product (GDP) per capita at current prices jumped by 14.2 per cent on an annual basis in the first half of 2021 to about 41,184 riyals., compared to 35,993 at the . With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Philippines gdp for 2018 was $346.84B, a 5.59% increase from 2017. In 2020, real GDP per capita for Philippines was 3,270 US dollars. Mexico is a developing country. $2,100 note: data are in 2017 dollars (2019 est.) $8,500 note: data are in 2017 dollars (2018 est.) World Economic Outlook (October 2021) - GDP per capita, current prices. GDP is the total value of all goods and services . Projections by IMF. Agriculture includes farming, fishing, and fo GDP per capita [PPP$ logarithmic scale] GII score Innovation leader GDP per capita (current US$) - Philippines. November 9, 2021. For example, GDP per capita in Indian is $2,000 compared to $43,000 in the UK. License : CC BY-4.0. The Philippines has one of the most vibrant economies in the East Asia Pacific region, growing at 6.2% in 2018 and 5.9% in 2019. Macao Online data. Local Time and Weather in Taipei, Taiwan Dollars) GDP accelerates in Q4, beating market expectations. Many of the leading GDP-per-capita (nominal) jurisdictions are tax havens whose economic data is artificially inflated by tax-driven corporate accounting entries.. For instance, the Irish GDP data above is subject to material distortion by the tax planning activities of foreign multinationals in Ireland. Over the same five-year period, economic freedom has slipped. "Our per capita income stands at $2,227 in the fiscal year 2020-21, but the previous fiscal year's per capita income was $2,064. The per capita GDP of Alberta in 2013 exceeded that of US, Norway or Switzerland and was the highest of all the provinces of Canada standing at CAD$84,390. Calculation of GDP Per Capita can be done as follows: = $400,000,000 / 200,000. The data reached an all-time high of 3,571.842 USD in Dec 2021 and a record low of 177.167 in Dec 1962. Alaska. Statistics and historical data on GDP growth rate, per capita PPP, constant prices. note: data are in 2017 dollars Albania Regions by GDP in 2020 according to data by the Philippine Statistics . But it remains poor. 8.1.1 Annual growth rate of real GDP per capita. Philippines gdp for 2020 was $361.49B, a 4.07% decline from 2019. Its GDP per capita is $3,600 (nominal) and $9,200 (PPP) in the year 2021. This video also compares poorest Asian country's nominal GDP p. Population of Country X: 200000. Philippines: GDP growth falls in the third quarter. This map using data from the IMF shows the GDP per capita (nominal) of nearly every country and territory in . Mexico's development status is despite the fact that it exceeds the majority of its peers in . Highest values. country comparison to the world: 151 South Africa's GDP has been increasing year over year, slowed down in 2020, and is expected to see increases of 3.1% and 2.5% in 2021 and . In the long-term, the Philippines GDP per capita PPP is projected to trend around 9000.00 USD in 2022, according to our econometric models. HDI (2020): 0.779 18 . 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 2065 2070 2075 2080 2085 2090 2095 2100 111,046,910 Population. This is lower than the long term average of 1.73%. Press Conference on the Q4 2021 and Annual 2021 Performance of the Philippine Economy Annual 2020 2021 Per Capita GDP Per Capita GNI Per Capita HFCE-10.8 4.2-12.6 0.3-9.2 2.9 At Constant 2018 Prices Per Capita GDP, GNI, HFCE (Year-on-Year Growth Rates, In Percent) 11 By using per capita as a measurement, we get a more accurate comparison of economic output between countries. Per capita income refers to the total income . Next update in UNdata: 2022/01/05. . GDP per capita PPP in Philippines is expected to reach 8720.00 USD by the end of 2021, according to Trading Economics global macro models and analysts expectations. Includes The Philippines real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus . Real GDP per capita. Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about The Philippines economic . The Philippines is a country rich both in natural resources (e.g., nickel, copper, gold, silver, and chromium), and human resources (close to 104 million people). Rankings for Philippines (2019-2021) GII Innovation inputs Innovation outputs 2021 517240 2020 507041 2019 547642 •Philippines performs better in innovation outputs than innovation inputs in 2021. . In the list below, you can find the annual Nominal GDP of each state and territory of the U.S. in both 2020 and in 2021, as well as the GDP change and GDP per capita for those two years. Last update in UNdata: 2021/05/14. This places Philippines in 59th place in the World Economics Global Wealth rankings and 9th for Asia-Pacific. The economy of the Philippines is the world's 32nd largest economy by nominal GDP according to the International Monetary Fund 2021 and the 12th largest economy in Asia, and the 3rd largest economy in the ASEAN after Indonesia and Thailand.The Philippines is one of the fastest-growing emerging markets, and the 3rd highest economy in Southeast Asia by nominal GDP, following Thailand and Indonesia. The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and will total 100 percent of GDP if the data are complete. To get a more granular look at this and other factors, economists often turn to GDP per capita, which divides gross domestic product by the number of people in the country. GDP Growth Rate in 2017 was 6.68%, representing a change of 19,007,326,943 US$ over 2016, when Real GDP was $284,348,525,314. The statistic shows gross domestic product (GDP) per capita in the Philippines from 1986 to 2020, with projections up until 2026. GDP per capita in Philippines is expected to reach 3160.00 USD by the end of 2021, according to Trading Economics global macro models and analysts expectations. GDP per capita of Philippines increased from 227 US dollars in 1971 to 3,299 US dollars in 2020 growing at an average annual rate of 6.07%. Philippines's GDP growth is expected at 6.0% in 2022 and 6.3% in 2023 - ADO 2022 Philippine inflation rates forecasted at 4.2% in 2022 and 3.5% in 2023 - ADO 2022 Per capita GDP growth for the Philippines is expected at 4.7% in 2022 and 5.1% in 2023 - ADB Report Online tool for visualization and analysis. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any . In a Blog, World Bank Senior Social . GDP per capita is gross domestic product divided by midyear population. Experts cite women's role at hiking Philippines' GDP per capita figures 2022-04-13 - By Cai U. Ordinario @caiordinario R AISING women's labor force participation will allow the country's GDP per capita to increase by double-digit by 2050, according to World Bank experts. The GDP per capita of United States in 2021 was €58,961 $69,734, €3,490 $6,376 higher than in 2020, it was €55,471 $63,358. Timely measures are important to cushion against the health and economic shocks and protect the most vulnerable people. Mapped: Visualizing GDP per Capita Worldwide. GDP per capita has steadily risen globally over time, and in tandem, the standard of living worldwide has increased immensely. Essentially, GDP per capita acts as a metric for determining a country's economic output per each person living there. The Gross Domestic Product per capita in Philippines was last recorded at 2639.90 US dollars in 2015, according to Tradingeconomics.com. Philippines GDP per Capita Growth is at -10.78%, compared to 4.68% last year. Similar values. GDP per Capita in the Philippines (with a population of 105,172,925 people) was $2,884 in 2017, an increase of $141 from $2,743 in 2016; this represents a change of 5.2% in GDP per capita. The reading meant that 2021's overall growth reached 5.6% . GDP of Philippines in nominal and ppp terms. Its GDP rank is 34th (nominal) and 27th (PPP) in the year 2021. Latest official GDP figures published by the World Bank. According to a preliminary reading, GDP growth improved to 7.7% year-on-year in the fourth quarter, from 6.9% in the third quarter, yet again beating market expectations in the process. Mark your selections and choose between table on screen and file format. How Does GDP Per Capita Work? Richest African Countries by GDP per Capita (INT$ at PPP — World Bank 2021) Seychelles - $30,898; Mauritius - $23,841; Equatorial Guinea - $18,625; Botswana - $18,507 . GDP - composition by sector: agriculture: 9.6% (2017 est.) In the case of Luxembourg, the GDP of this country was 107,053 USD in 2017. Aggregates. The World Development Indicators (WDI) publication is the World Bank's premier annual compilation of data about development. Graph and download economic data for Real gross domestic product per capita (A939RX0Q048SBEA) from Q1 1947 to Q4 2021 about per capita, real, GDP, and USA. LineBarMap. Its GDP growth rate is 4.4% in the year 2021. The population of Philippines is estimated to be 109.6 million which gives a GDP per capita PPP of $11,256. But it remains poor. In terms of GDP per capita by province, Beijing's per capita GDP remained the highest in China, rising from RMB 164,200 (approx.US$25,457) in 2020 to RMB 183,900 (approx.US$28,512) in 2021. Download Historical Data. This article is a list of the countries of the world by gross domestic product (at purchasing power parity) per capita, i.e., the purchasing power parity (PPP) value of all final goods and services produced within a country in a given year, divided by the average (or mid-year) population for the same year.. As of 2019, the estimated average GDP per capita (PPP) of all of the countries of the . DataBank. " GDP Posted a Growth of 7.7 Percent in the Fourth Quarter of 2021, Resulting in a 5.6 Percent Full-year Growth in 2021 ." Same region. "Philippines GDP Per Capita." The Government of the Philippines. Philippines GDP Value was 361 USD Billion in 2022. This gives you GDP value per capita in the country. View the high-resolution of the infographic by clicking here. Alaska has a modest GDP but a surprisingly high GDP per capita by state. It saw an increase in 2019 that brought the overall GDP to 119,719 USD. This entry shows real GDP, divided by population as of 1 July for the same year. Per capita GDP of 17 provinces exceeded US$10,000. Figures and forecasts are as of ADB's Asian Development Outlook (ADO) 2021, released in April 2021. $8,000 note: data are in 2017 dollars (2020 est.) This is according to a May 2012 report by the National Statistical Coordination Board (NSCB). 20,610,000 Facebook subscribers in June/21, 86.4% penetration. GDP per Capita (2019): $9,946 17 . Below is the list of Africa Countries by GDP, ranked as per African economic indicators, Nigeria, South Africa, Kenya constitute $1.1 trillion, major share of Africa's 2.6 trillion economy, Nigeria sits at the top of the African economy, in terms of nominal GDP in 2021, followed by South Africa, Kenya, Ethiopia . In fact, the richest country today (in terms of nominal GDP per capita), Luxembourg, is over 471x more wealthy than the poorest, Burundi. MANILA, PHILIPPINES (3 April 2020) — The Philippines' economic growth will slow significantly this year before a strong rebound in 2021, with expansionary fiscal and monetary policies partly offsetting slower domestic demand and disruptions in tourism, trade, and manufacturing, according to a new Asian Development Bank (ADB) report released today. Many of the leading GDP-per-capita (nominal) jurisdictions are tax havens whose economic data is artificially inflated by tax-driven corporate accounting entries.. For instance, the Irish GDP data above is subject to material distortion by the tax planning activities of foreign multinationals in Ireland. Philippines gdp per capita for 2018 was $3,252, a 4.13% increase from 2017. The Philippines total GDP is $403 billion (nominal) and $1 trillion (PPP) in the year 2021. 12 . note: data are in 2010 dollars. To address this, in 2017 the Central Bank of Ireland created "modified GNI" (or GNI*) as a . Purchasing Power Parity (PPP) rate- defined as the number of units of a country's currency that is required to buy the same amount of goods and services in the country as one US$ would buy in the US. Economic growth in the Philippines slowed from 2017 through 2019, turned negative in 2020, and rebounded in 2021. Population: 111,046,910. Philippines gdp per capita for 2019 was $3,485, a 7.17% increase from 2018. Philippines's data is highlighted in the table below, use the filter and sort order options to allow easy comparison with other . The complete WDI database includes more than 1,200 indicators. About. World's GDP is $80,934,771,028,340 (nominal, 2017).. See also: GDP per Capita The growth in real Gross Domestic Product (GDP) during 2020-21 is estimated at -7.7 per cent as compared to the growth rate of 4.2 per cent in 2019-20. The equivalent countries which are comparable to the regions in GDP are chosen by Worldbank data for the same year.. Data for 2020 estimates (international US$ using 2020 PPP conversion factor from the International Monetary Fund).. Pakistan GDP Value was 264 USD Billion in 2022. This dataset provides the growth rates of real per capita GDP, which is defined as GDP at constant prices divided by the population. The District of Columbia, though, recorded a GDP per capita figure far higher than any U.S. state in 2021 at $226,861. Structure of Philippines GDP: from agriculture, manufacturing, mining and services. The population of Philippines is estimated to be 109.6 Million which gives a current GDP per capita PPP of $11,873 at current market prices. 22,042,902 Internet users in June/2021, 92.4% penetration, per IWS. By using per capita as a measurement, we get a more accurate comparison of economic output between countries. None. Philippines gdp for was $0.00B, a 100% decline from 2020. GDP per capita in PPP$ - GDP at constant 2011 international $ divided by total population. To address this, in 2017 the Central Bank of Ireland created "modified GNI" (or GNI*) as a . Press Conference on the Q3 2021 Performance of the Philippine Economy 6 Third Quarter 2020 2021 Per Capita GDP Per Capita GNI Per Capita HFCE-12.8 5.8-14.7 1.5-10.4 5.7 Per Capita GDP, GNI, HFCE (Year-on-Year Growth Rates*, In Percent) * At Constant 2018 Prices 10Y. Afghanistan. The figures exceeded the country's average of CAD$ 53,870. Use below given data for calculation of GDP Per Capita. In the long-term, the Japan GDP per capita is projected to trend around 36200.00 USD in 2022 and 39100.00 USD in 2023, according to our econometric models. Capital City: Taipei - population 23,855,010 (2021) GDP (per capita): $32,219 (2020) per Stats Bureau. China GDP ranking of 31 provinces in 2021. We added 2020 GDP per capita data, in current international dollars based on the purchasing power parity method, from the World Bank. 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