The Philippine economy accelerated in the first quarter of 2025, achieving a 5.4% growth in gross domestic product (GDP), according to the Philippine Statistics Authority (PSA). This marks an improvement from the revised 5.3% growth recorded in the last quarter of 2024.
PSA chief and National Statistician Claire Dennis Mapa announced the figures in a press conference held in Quezon City, highlighting that the latest growth rate is the highest since the third quarter of 2024. However, it remains below the 5.9% expansion reported in the first quarter of last year.
The economy’s value at constant prices reached P5.477 trillion, up from P5.196 trillion in the same period of 2024.
Driving the economic growth were positive performances in the country’s major sectors, with services leading the way at 6.3% growth. The industry sector followed with a 4.5% increase, while agriculture, forestry, and fishing expanded by 2.2%.
Undersecretary Rosemarie Edillon of the Department of Economy, Planning, and Development noted that to meet the government’s full-year growth target of 6% to 7%, the GDP must increase by at least 6.2% in the remaining quarters of 2025.
