Manufacturing Sector Contribution to GDP in Philippines (1990-2022)

Manufacturing Sector Contribution to GDP in Philippines (1990-2022)

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TGM StatBox. (2024). Manufacturing Sector Contribution to GDP in Philippines (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Philippines
Published date: 2024
Survey Question: Manufacturing (% of GDP), according to World Development Indicators, measures the contribution of the manufacturing sector to a country's Gross Domestic Product (GDP).
Key Takeaways
The Philippines’ manufacturing sector began at a high of 25.3% of GDP in 2000, but experienced a steady decline over the following decades, reaching 17.2% in 2022. This decrease reflects a gradual economic shift towards services, especially the booming business process outsourcing industry. Despite efforts to revive manufacturing, high energy costs, and infrastructure constraints have limited its competitiveness, pushing the country further towards service-driven economic growth.

For additional information, visit statistics on Philippines mortality rate, Philippines’ agriculture share in GDP, Philippines GDP data.

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