Growth rate of value added in services Philippines 2012-2024

Published by
Christy Balita
,
May 21, 2025

The value added of the services industry in the Philippines registered a

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percent growth between 2023 and 2024. This was lower than the growth rate registered between 2022 and 2023. The year 2020 saw the biggest contraction in the services industry as a result of the COVID-19 pandemic.

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Growth rate of value added in services in the Philippines from 2012 to 2024

CharacteristicGrowth rate of value added in services
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Showing entries 1 to 13 (13 entries in total)
Statistic: Growth rate of value added in services in the Philippines from 2012 to 2024

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Release date

April 2025

Region

Philippines

Survey time period

2012 to 2024

Supplementary notes

Data prior to 2020 comes from previous reports.

Figures are in comparison to the previous year.

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