EnglishQ4 2024 GDP
Philippine GDP Hits 5.2% in Q4 2024, Misses Target
The Philippines' gross domestic product (GDP) grew by 5.2 percent in the fourth quarter of 2024, according to the Philippine Statistics Authority (PSA). This figure was announced on Thursday, highlighting a slower-than-expected economic expansion. For the entire year of 2024, the country’s GDP growth reached 5.6 percent, falling below the government’s revised target range of 6 to 6.5 percent. Initially, the target was set at 6 […]
2024 GDP Growth Forecast at 5.8%
The country’s economic growth may have fallen short of the government’s target last year, as severe storms late in the season dampened the usual holiday-driven boost. According to a median forecast from 12 economists surveyed by Inquirer, the Philippine gross domestic product (GDP)—which measures the total value of goods and services produced—likely expanded by 5.8% […]