The value added of the services industry in the Philippines registered a 7.2 percent growth between 2022 and 2023. This was lower than the growth rate registered between 2021 and 2022. The year 2020 saw the biggest contraction in the services industry as a result of the COVID-19 pandemic.
Growth rate of value added in services in the Philippines from 2012 to 2023
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Asian Development Bank. (April 10, 2024). Growth rate of value added in services in the Philippines from 2012 to 2023 [Graph]. In Statista. Retrieved April 19, 2024, from https://www.statista.com/statistics/809329/growth-rate-of-value-added-in-services-in-philippines/
Asian Development Bank. "Growth rate of value added in services in the Philippines from 2012 to 2023." Chart. April 10, 2024. Statista. Accessed April 19, 2024. https://www.statista.com/statistics/809329/growth-rate-of-value-added-in-services-in-philippines/
Asian Development Bank. (2024). Growth rate of value added in services in the Philippines from 2012 to 2023. Statista. Statista Inc.. Accessed: April 19, 2024. https://www.statista.com/statistics/809329/growth-rate-of-value-added-in-services-in-philippines/
Asian Development Bank. "Growth Rate of Value Added in Services in The Philippines from 2012 to 2023." Statista, Statista Inc., 10 Apr 2024, https://www.statista.com/statistics/809329/growth-rate-of-value-added-in-services-in-philippines/
Asian Development Bank, Growth rate of value added in services in the Philippines from 2012 to 2023 Statista, https://www.statista.com/statistics/809329/growth-rate-of-value-added-in-services-in-philippines/ (last visited April 19, 2024)
Growth rate of value added in services in the Philippines from 2012 to 2023 [Graph], Asian Development Bank, April 10, 2024. [Online]. Available: https://www.statista.com/statistics/809329/growth-rate-of-value-added-in-services-in-philippines/