Philippines' GDP improves by 5.5% in Q2 FY25

The main contributors to the second quarter of 2025 year-on-year growth were wholesale and retail trade; repair of motor vehicles and motorcycles, 5.1 per cent; Public administration and defense; compulsory social security, 12.8 per cent; and financial and insurance activities, 5.6 per cent.

All major economic sectors, namely agriculture, forestry, and fishing, industry, and services posted year-on-year growths in the second quarter of 2025 with 7.0 per cent, 2.1 per cent, and 6.9 per cent, respectively, the Philippine government said on its website.

On the demand side, household final consumption expenditure grew year-on-year by 5.5 per cent in the second quarter of 2025. All other major expenditure items also posted year-on-year growths during the period: government final consumption expenditure, 8.7 per cent; gross capital formation, 0.6 per cent; exports of goods and services, 4.4 per cent; and imports of goods and services, 2.9 per cent.

The Gross National Income grew year-on-year by 8.2 per cent in the second quarter of 2025. Likewise, Net Primary Income from the rest of the world posted year-on-year growth of 32.8 per cent during the period.

ALCHEMPro News Desk (RR)