Philippines economy graph showing purchasing power parity (PPP) growth from 1990 to today. Purchasing power parity adjusts the size of the economy to relevant price levels, i.e. measuring the price of specific goods in different countries and adjusting GDP accordingly.
The Philippines’ GDP per capita (PPP) stood at around $10,000 in 2023. Its economy relies on services like outsourcing, remittances, electronics, and agriculture.