Philippines GDP Q2 2025 +5.5%

According to data from the Philippine Statistics Authority, the country’s economy expanded by 5.5 in the second quarter of 2025.

The main contributors to year-on-year growth in the second quarter of 2025 were wholesale and retail trade, which increased by 5.1 per cent. Public administration and defense, along with compulsory social security, grew by 12.8 per cent. Financial and insurance activities rose by 5.6 per cent.

All major economic sectors recorded year-on-year growth during the same period. Agriculture, forestry, and fishing grew by 7 per cent. Industry increased by 2.1 per cent. Services expanded by 6.9 per cent.

On the demand side, household final consumption expenditure grew by 5.5 per cent year-on-year.

Other key expenditure items also recorded growth: government final consumption expenditure rose by 8.7 per cent; gross capital formation by 0.6 per cent; exports of goods and services by 4.4 per cent; and imports of goods and services by 2.9 per cent.

Gross National Income increased by 8.2 per cent year-on-year in Q2 2025. Net Primary Income from the rest of the world grew by 32.8 per cent over the same period.

The Philippine government projects GDP growth of 5.5 to 6.5 per cent for 2025, and annual growth of 6 to 7 per cent from 2026 to 2028.

The Association of Southeast Asian Nations (ASEAN), composed of ten member states, has a population of 667 million and covers 4.5 million square kilometers. It is the third-largest economy in the Asia-Pacific region and the fifth-largest globally. The ASEAN Economic Community (AEC) is estimated to have a combined GDP of USD 4.2 trillion in 2024.