Philippines GDP Annual Growth Rate

Last Release

Sep 30, 2025

Actual

Units In

5.5

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
12 Dec 1988	-17 Jun 2020	3.83 %	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 4.4% year-on-year in Q3 2025, missing expectations of a 5.2% expansion and slowing from 5.5% in the previous quarter. This marked the weakest economic growth since the contraction in Q1 2021, as the recent infrastructure scandal curbed public spending and a series of typhoons disrupted activity. Growth slowed sharply for government spending (5.8% vs 8.7% in Q2) and household consumption (4.1% vs 5.3%), while fixed investments barely expanded (0.1% vs 3.1%). Meanwhile, net trade contributed positively to overall GDP, with exports rising 7% (vs 4.7%) and imports growing at a softer 2.6% (vs 3.5%). On the production side, activity weakened across all major sectors, including agriculture, forestry, and fishing (2.8% vs 7%), industry (0.7% vs 2.1%), and services (5.5% vs 7%). The latest GDP print also came in below the government’s 5.5% to 6.5% target range.