2024-11-07 Philippines Q2 GDP Growth Accelerates to 6.3% The Philippines GDP expanded 6.3% year-on-year in the second quarter of 2024, accelerating from an upwardly revised 5.8% growth in the previous period and beating market forecasts of 6.2%. It marked the fastest economic expansion since...
△the Philippines. The Asian Development Bank (ADB) maintained its gross domestic product (GDP) growth forecast for the Philippines at 6 percent for this year and 6.2 percent for 2024, according to an updated ADB report re...
PSA head Dennis Mapa told a press conference that the 2022 gross domestic product (GDP) growth is the highest since 1976. The sectors which contributed the most to the growth were wholesale and retail trade, repair of motor ...
4Looking ahead to 2024, the current economic forecast for the Philippines projects a GDP growth of between 5 and 6 percent. 2 Inflation rates are expected to temper between 3.2 and 3.6 percent in 2024 after ending 2023 at 6.0 percent, above the 2.0 to 4.0 percent target range set by the...
The growth of the real gross domestic product (GDP) in the Philippines was forecast to increase between 2024 and 2029 by in total 0.6 percentage points. This overall increase does not happen continuously, notably not in 2029. The growth is estimated to amount to 6.31 percent in 2029. As d...
"On an annual basis, 2021 GDP (gross domestic product) grew by 5.6 percent from a decline of 9.6 percent in 2020," PSA head Dennis Mapa told a virtual press conference. Among the major economic sectors, Mapa said industry and services registering growth of 8.2 percent and 5.3 percent, resp...
PhilStar.comreported earlier this year that the Philippines will experience an economic growth spurt within the next decade. In 2033, the GDP will reach USD1 trillion, which can be attributed to the rapid growth in private consumption spending, buoyed by strong growth in household incomes....
In addition to continued sound macroeconomic policies, Gudmundsson said enhanced focus on the implementation of structural reforms could contribute to reaching higher growth targets. The Philippines' GDP grew by 5.6 percent in 2021 after the economy contracted by a record 9.6 percent in 2020 due to ...
Philippines recorded a Current Account deficit of 4.40 percent of the country's Gross Domestic Product in 2022. This page provides - Philippines Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and n
Literacy rate:96.3% (2019) Economic summary:GDP/PPP(2020 est.): $871.56 billion; per capita $8,000.Real growth rate:6.04%.Inflation:2.4%.Unemployment:5.11%.Arable land:18.2%.Agriculture:sugarcane, coconuts, rice, corn, bananas, cassavas, pineapples, mangoes; pork, eggs, beef; fish.Labor...