2024 Gdp Forecast Philippines. Eiu forecasts that economic growth will remain modest in 2024, as higher interest rates will continue to pinch private consumption and investment. According to the world bank projections, the country's gross domestic product (gdp) is expected to moderate to 5.6% percent in 2023 from 7.6% in 2022.
Growth will increase to an average of 5.9. Gdp (current us$) in philippines was reported at 437146372730 usd in 2023, according to the world bank.