GDP per capita growth in Philippines overtakes rise in Asia-Pacific and emerging markets. Living standards growth in the Philippines has finally cut off and surpassed the rise in the Asia-Pacific region and in emerging markets. Real GDP per capita over the last 25 years in the country has increased by 92% compared to an increase of 73% in the Asia-Pacific region and 45% in emerging markets. The country's GDP per capita growth accelerated passing the increase in emerging markets in 2009 and that in the Asia-Pacific region in 2015. The economy of the Philippines has grown consistently over the last 10 years with a cumulative annual average rate of real GDP increase of 4.8%. The country benefits from a relatively young population with a median age of only 25.7 years.