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

The Philippines saw steady growth in services sector contribution, from 42.7% in 1990 to 61.2% in 2022. The rise reflects increased domestic consumption, outsourcing, and BPO industry expansion, with notable jumps in the early 2000s due to favorable policy support and foreign investment in IT services. The sector’s growth accelerated from 2010 onward, reaching 60.9% in 2019. Despite a dip in 2021 due to pandemic challenges in retail and hospitality, the sector rebounded to 61.2% in 2022, highlighting the resilience of the BPO sector and gradual tourism recovery as travel restrictions eased.