Philippines Croissance Du Pib

The Philippine economy grew by 1.2% quarter-on-quarter in the three months ending March 2025, easing from a downwardly revised 1.5% in the previous period. The slowdown was mainly driven by a softer increase in household spending (1% vs. 2.2% in Q4) and negative contributions from net trade, as imports surged 12.5% (vs. -5.2%) while exports rose at a slower pace of 3.9% (vs. 2.3%). Among major economic sectors, growth accelerated in agriculture, forestry, and fishing (1.8% vs. 0.9%) and industry (2% vs. 0.2%), while the pace of expansion in services slowed to 0.8% from 2.2%.