Charts & Stats

Philippines Manufacturing, value added (% of GDP)

What is Philippines' manufacturing, value added (% of gdp)? As of 2023, it's 16.2%, down from 20.6% in 2014.

Author: Wantstats Research TeamSource: World Bank and Wantstats Repository
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Philippines Manufacturing, value added (% of GDP) — full underlying data
LabelManufacturing, value added (% of GDP)
201420.5751%
201519.928%
201619.5903%
201719.5002%
201819.0982%
201918.5165%
202017.6582%
202117.6401%
202217.2294%
202316.2303%

Data Source: World Bank and Wantstats Repository

Wantstats

Philippines Manufacturing, value added (% of GDP): Key Points

  • Take Philippines' manufacturing, value added at face value first: 16.23 % as of 2023, versus 20.58 % when the series starts in 2014, a 21% fall.
  • 2015: falls to 19.93 % (-3%).
  • 2016-2017: holds around 19.50 %.
  • 2018-2020: keeps falling, down to 17.66 % (-9%).
  • 2022-2023: drifts lower, 16.23 % (-8%).
  • 2023: Finishes at 16.23 %, down 21.1% from where it started in 2014.

Making Sense Of The Steady Decline

No reversal across 10 straight years is the signal itself. Numbers that move this cleanly are usually tracking something structural — a policy, a build-out, a demographic shift — not short-term noise.

This chart is a starting point, not a conclusion. Philippines's manufacturing, value added numbers here are worth cross-checking against at least one other source or comparator before they inform any real decision.

Philippines's number here, like most in this category, is built from a mix of direct measurement and statistical modeling — reliable for tracking direction, less reliable for pinning down an exact year-to-year figure.

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Manager, JavolVision

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Joseph Aguayo
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Bong Lau

Sales Leader, Bamberg

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Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

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Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

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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.