Philippinen Bip-Wachstum

The Philippine economy grew by 1.5% quarter-on-quarter in the three months ending June 2025, accelerating from a 1.2% expansion in the previous period. The faster growth was driven by a sharper rise in household spending (1.2% vs 0.5% in Q1), supported by moderating consumer inflation. Net trade also contributed positively, as exports declined by 0.6% (vs +2.3%) but were offset by a steeper 4.6% drop in imports (vs -13.7%). Meanwhile, growth in fixed investments slowed to 0.5% (vs 4.1%), and government spending contracted by 2.1% (vs +7.5%)—the first decline in over a year—due to an election-related ban on public disbursements. Among major sectors, activity picked up in services (2% vs 1%), while growth in agriculture, forestry, and fishing (1.7% vs 2.2%) and industry (0.5% vs 1.3%) slowed.