Philippinen BIP Veränderung zum Vorjahr

The Philippines’ GDP expanded by 5.4% year-on-year in Q1 2025, slightly up from a revised 5.3% in the previous quarter but below the 5.6% forecast. Growth accelerated across expenditure sectors, with government spending surging 18.7% following a 9% expansion in Q4. Household consumption also picked up, rising 5.3% compared to 4.7% previously, while fixed capital formation increased by 5.9% from 5%. Meanwhile, net trade contributed negatively, as imports advanced 9.9% (vs 2.7% in Q4), outpacing the 6.2% rise in exports (vs 3.2%). On the production side, agriculture, forestry, and fishing rebounded with a 2.2% growth after contracting by 1.6% in the previous quarter. Industry growth remained steady at 4.5%, while the services sector experienced a slight slowdown, expanding by 6.3% compared to 6.7% in Q4. The Philippine government has set its full-year economic growth target at 6% to 8%.