Domestic Demand in Philippines
The economy of the Philippines recorded an average growth rate of 5.7% in the decade to 2022. In 2022, domestic demand growth was 8.9%.
Philippines Demand Chart
Note: This chart displays Domestic Demand (ann. var. %) for Philippines from 2014 to 2023.
Source: Macrobond.
Philippines Demand Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Domestic Demand (ann. var. %) | 5.6 | -12.2 | 7.4 | 8.9 | 5.0 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Philippine demand projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable demand forecast available for Philippine demand.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Philippine demand projections.
Want to get access to the full dataset of Philippine demand forecasts? Send an email to info@focus-economics.com.