The Philippine economy recorded a robust growth rate of 6.3% in the second quarter of 2024 as the government lifted spending, but headwinds such as inflation remain.

The Philippine economy expanded by 6.4% year-on-year in the first quarter of 2023, higher than the expected 6.2%, according to the Philippine Statistics Authority (PSA).

The Philippines' digital economy amounted to 1.87 trillion pesos (32 billion USD), up 7.8% from 2020, as per data from the Philippine Statistics Authority (PSA).

The Philippines saw year-on-year inflation at 6.3% in August, compared to 6.4% in July, the Philippine Statistics Authority (PSA) reported.

The Philippines saw a year-on-year inflation rate of 3.5 percent in December 2020, up from 3.3 percent in the previous month, driven by price hikes in food and non-alcoholic beverages, the Philippine Statistics Authority (PSA) said.

The Philippines’ year-on-year inflation jumped to 3.3 percent in November from 2.5 percent in the previous month, the highest inflation registered since April, the Philippine Statistics Authority (PSA) said on December 4.

The Philippines has plunged into a technical recession as the economy dropped 16.5 percent in the second quarter of 2020, the lowest recorded quarterly growth since 1981.

Unemployment in the Philippines soared to 17.7 percent in April, equivalent to around 7.3 million jobless Filipinos amid the COVID-19 pandemic, the Philippine Statistics Authority (PSA) announced on June 5.

The Philippines’ GDP shrunk 0.2 percent in the first three months of 2020, recording the first contraction since the fourth quarter of 1998, announced the Philippine Statistics Authority (PSA) on May 7.

The Philippines' headline inflation further slowed down to 2.2 percent in April, from 2.5 percent in the previous month, the Philippine Statistics Authority (PSA) said on May 5.

The Philippine Statistics Authority (PSA) reported on August 8 that the gross domestic product (GDP) growth slowed to 5.5 percent in the second quarter, its slowest pace in four years.

The Philippines’ GDP growth rate for the fourth quarter of 2018 was edged up 6.3 percent from the same period last year, higher than the previous prediction of 6.1 percent, the Philippine Statistics Authority said on April 4.

The Philippine economy grew 6.1 percent in the fourth quarter of 2018, bringing 2018’s economic growth to 6.2 percent.

The Philippine economy slowed in the second quarter to 6 percent from the 6.6 percent recorded in the first quarter, the lowest growth since the third quarter of 2015.

The Philippines' total external trade in goods in May reached 15.22 billion USD, up 5.1 percent from 14.48 billion USD recorded in the same month last year, according to the Philippine Statistics Authority (PSA).

The Philippine economy grew by 6.8 percent in the first quarter of 2018, faster than the growth recorded in the same quarter of 2017, the Philippine Statistics Authority (PSA) reported on May 10.

Foreign investment pledges approved by the Philippines’ investment promotion agencies increased by 31.2 percent to 245.2 billion PHP (5.2 billion USD) last year.

The Philippines’ export turnover reached 5.28 billion USD in June, down 3.3 percent year-on-year, a fall for the third consecutive month, announced the Philippine Statistics Authority (PSA) on Aug 11.