Latest Data
2024
₱26,446.369 billion
vs prev 8.77%
Low
Statistical Discrepancy
₱0.000 billion
High
Household Final Consumption
₱20,137.692 billion
vs prev 8.24%
Data Coverage
Observations: 44
Period: Jan 1981 - Jan 2024
Frequency: Annual
Historic High: ₱26,446.369 billion (2024)
Historic Low: ₱319.931 billion (1981)
Related Series
Data Categories National Accounts National Income & Product Accounts Gross Domestic Product By Expenditure
Annual Gross Domestic Product by Expenditure
In Billion Pesos, at current prices
Stacked Line Chart
Stacked Area Chart
Horizontal Bar Chart

Units: Trillion Pesos (₱)

Frequency: Annual

Notes: This series shows the composition of Gross Domestic Product (GDP) using the expenditure approach at current prices. Under the expenditure approach, GDP is measured as the sum of five main components: household final consumption expenditure (HFCE), government final consumption expenditure (GFCE), gross capital formation (GCF), exports of goods and services, and imports of goods and services (subtracted). This breakdown shows how different sectors contribute to total economic activity and how the nation's output is utilized.1

Formula: GDP = HFCE + GFCE + GCF + Exports - Imports

Suggested Citation: Philippine Statistics Authority. Gross Domestic Product by Expenditure, Annual, at Current Prices. EconStat®. Accessed July 17, 2026. http://econstat.net/category/national-accounts/B1/series/GDPEXP-TOTAL/.

References:

  1. Philippine Statistics Authority. Technical Notes on the National Accounts of the Philippines. https://psa.gov.ph/statistics/national-accounts/technical-notes ↩