Philippines GDP Annual Growth Rate

Last Release

Jun 30, 2025

Actual

5.5

Units In

5.4

Frequency

Quarterly

Next Release

Nov 07, 2025

Time to Release

2 Months 29 Days 2 Hours

Highest	Lowest	Average	Date Range	Source
12 Dec 1988	-17 Jun 2020	3.82 %	1982-2025	National Statistics Office of Philippines

Services are the biggest sector of the Filipino economy and account for 57 percent of total GDP. Within services the most important segments are: trade, repair of motor vehicles and household goods (17 percent of total GDP); real estate, renting and business activities (11 percent); transport, storage and communication (8 percent); financial services (7 percent) and public administration, defense and social security (4 percent). Industry accounts for 31 percent of GDP. Within industry, manufacturing (22 percent of total GDP) and construction (5 percent) are the most important. Agriculture contributes the remaining 12 percent of GDP.

Latest Updates

The Philippines’ GDP grew by 5.5% year-on-year in Q2 2025, slightly above the 5.4% expansion in the previous quarter and market expectations. This marks the strongest growth since Q3 2024, driven by faster household spending (5.5% vs 5.3% in Q1), supported by easing consumer inflation. Net trade also contributed positively, with exports rising 4.4% (vs 7.1%) and outpacing the 2.9% increase in imports (vs 10.3%). Meanwhile, growth in government spending slowed significantly (8.7% vs 18.7%) due to an election-related ban on public disbursements. Fixed investments also rose at a softer pace of 2.6%, compared to 6.5% previously. On the production side, activity improved in agriculture, forestry, and fishing (7% vs 2.2%), as well as in services (6.9% vs 6.2%), while growth in industry slowed to 2.1% from 4.6%. The latest GDP figures fall within the government’s revised target range of 5.5% to 6.5%.