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Charts & Stats
Philippines Final consumption expenditure (constant LCU)
What is Philippines' final consumption expenditure (constant lcu)? As of 2023, it's 18.4T constant LCU, up from 11.9T constant LCU in 2014.
Author: Wantstats Research TeamSource: World Bank and Wantstats Repository
| Label | Final consumption expenditure (constant LCU) |
|---|---|
| 2014 | 11909801542400 constant LCU |
| 2015 | 12699997073200 constant LCU |
| 2016 | 13644828286900 constant LCU |
| 2017 | 14467707775600 constant LCU |
| 2018 | 15449721777600 constant LCU |
| 2019 | 16427323005800 constant LCU |
| 2020 | 15563232404700 constant LCU |
| 2021 | 16297821820100 constant LCU |
| 2022 | 17558956968199.998 constant LCU |
| 2023 | 18375796522700 constant LCU |
Data Source: World Bank and Wantstats Repository
Philippines Final consumption expenditure (constant LCU): Key Points
- By 2023, Philippines' final consumption expenditure came to 18375.80B constant LCU, against 11909.80B constant LCU in 2014 — around 54% up across the period.
- 2015-2019: surges to 16427.32B constant LCU (+38%).
- 2020: slips to 15563.23B constant LCU (-5%).
- 2021-2023: keeps gaining, out to 18375.80B constant LCU (+18%).
- 2022: Breaks from the rest of the series with a jump from 16297.82B to 17558.96B constant LCU (~8%).
- Full span, 2014 to 2023: net gain of 54.3%, ending at 18375.80B constant LCU.
Why This Doesn't Move In One Direction
No consistent direction here means no reliable forecast either. Whatever caused the last move up or down, it hasn't been strong enough to hold for long.
Before drawing a conclusion from this chart alone, check how Philippines compares to similar countries on final consumption expenditure — the shape of this one line can look dramatic or unremarkable depending entirely on what it's measured against.
Treat this as Philippines's best current estimate rather than a precise annual count — the source linked below periodically revises these figures as new survey data comes in.
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Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.