Philippines: Trade (% of GDP)
In , Philippines's Trade (% of GDP) was 65.89.
That's down 2.3% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Philippines ranks #99 globally out of 160 reporting countries. Within East Asia & Pacific, it ranks #17 of 24.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 83.85
- Trough
- 55.82
- 1-year change
- -2.3%
- 5-year change
- -4.3%
- -0.9% / yr
- 10-year change
- +14.6%
- +1.4% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 65.8855 | |
| 67.4200 | |
| 72.4297 | |
| 63.4846 | |
| 58.1696 | |
| 68.8418 | |
| 72.1634 | |
| 68.1684 | |
| 61.7761 | |
| 59.1416 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Philippines's Trade (% of GDP) in 2024?
- In 2024, Philippines's Trade (% of GDP) was 65.89, according to World Bank Open Data.
- Is Philippines's Trade (% of GDP) rising or falling?
- Philippines's Trade (% of GDP) fell 2.3% from 2023 to 2024.
- How does Philippines rank globally on Trade (% of GDP)?
- In 2024, Philippines ranked #99 out of 160 countries reporting Trade (% of GDP).
- How does Philippines's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Philippines is below the world average. Within East Asia & Pacific, it ranks #17 of 24.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.