Philippines Services, value added (% of GDP) Forecast

Percentage

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Release date

12/1/2023

Region

Philippines

Notes

Data from 2016-2021 is historical data, 2022-2024 are forecasts. Economic Indicators forecasts are based on the most current GDP and employment outlooks. They do not account for unpredictable future declines (recessions, natural disasters, wars, etc.).

Page organization

Economic Indicators/Services, value added (% of GDP)

Methodology

Economic Indicators Forecasts are based primarily on World Bank historical data and global GDP and employment forecasts from sources such as Goldman Sachs, Conference Board, The Economist, and the International Monetary Fund. Country forecasts are based on 1) World Bank country GDP and employment forecasts, and 2) a consensus forecast on total global GDP from multiple economist sources.

Copyright

© ForecastStats.com 2023

Additional Data

ForecastStats.com, WorldBank

Subscriber

Free

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Philippines Services, value added (% of GDP) Forecast

The Services, value added (% of GDP) in Philippines is forecast to be 45.8 percent in 2024.


NAICS Definition

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N/A

Chart Title 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Page Organization Release Date Region Text Notes Methodology Copyright Source Additional Data Subscriber Access Filename Related Data-Percent Change 2018-2019 Related Data-Percent Change 2019-2020 Related Data-Percent Change 2020-2021 Related Data-Percent Change 2021-2022 Related Data-Percent Change 2022-2023 Related Data-Percent Change 2023-2024 Related Data-Percent Change 2024-2025 Related Data-World GDP 2018 Related Data-World GDP 2019 Related Data-World GDP 2020 Related Data-World GDP 2021 Related Data-World GDP 2022 Related Data-World GDP 2023 Related Data-World GDP 2024 Related Data-World GDP 2025 Related Data-World Inflation 2018 Related Data-World Inflation 2019 Related Data-World Inflation 2020 Related Data-World Inflation 2021 Related Data-World Inflation 2022 Related Data-World Inflation 2023 Related Data-World Inflation 2024 Related Data-World Inflation 2025 NAICS Definition
Philippines Services, value added (% of GDP) Forecast 42.367310487242 42.91064638231 43.813561228835 44.218635395791 43.94953933995 44.814543506762 45.280132731709 45.750559076693 46.225872795736 Economic Indicators/Services, value added (% of GDP) 12/1/2023 Philippines The Services, value added (% of GDP) in Philippines is forecast to be 45.8 percent in 2024. Data from 2016-2021 is historical data, 2022-2024 are forecasts. Economic Indicators forecasts are based on the most current GDP and employment outlooks. They do not account for unpredictable future declines (recessions, natural disasters, wars, etc.). Economic Indicators Forecasts are based primarily on World Bank historical data and global GDP and employment forecasts from sources such as Goldman Sachs, Conference Board, The Economist, and the International Monetary Fund. Country forecasts are based on 1) World Bank country GDP and employment forecasts, and 2) a consensus forecast on total global GDP from multiple economist sources. © ForecastStats.com 2023 ForecastStats.com, WorldBank ForecastStats.com, WorldBank Free N/A -0.0077291677707766 -0.063559139184039 0.017249665993741 0.00292 -0.03244 -0.03244 -0.03244 86357073448746 87436705108245 84906814189240 96882397612409 1.07579183133E+14 1.13696135486E+14 1.19536705966E+14 1.2436479352E+14 2.4387365552294 2.1869015454346 1.9209680056684 3.4754032028988 8.208 5.508 5.04 4.347