Financial News: Philippine GDP Growth Worst Since 2021

Philippine GDP Growth Worst Since 2021

11/07/2025 - 02:34:00 (RTTNews)

(RTTNews) - The Philippines' economic growth hit the worst since 2021 as natural calamities and probes on government infrastructure spending weighed on sentiment and domestic activity.

Gross domestic product registered an annual growth of 4.0 percent in the third quarter after rising 5.5 percent in the preceding quarter, the Philippine Statistics Authority said Friday.

This was the weakest growth in the current sequence of expansion that began in the second quarter of 2021 and was also slower than economists' forecast of 5.2 percent.

The government aims to achieve 5.5 percent to 6.5 percent economic growth this year. On a quarterly basis, the economy expanded 0.4 percent in the third quarter compared to the expected growth of 0.8 percent.

On the expenditure-side, household spending rose at a slower pace of 4.1 percent from a year ago after a 5.3 percent gain. Likewise, growth in government expenditure slowed to 5.8 percent from 8.7 percent a quarter ago.

Exports of goods and services grew 7 percent, faster than the 4.7 percent rise in the prior quarter. Meanwhile, imports rose 2.6 percent but weaker than the 3.5 percent growth in the preceding period.

By contrast, gross capital formation fell 2.8 percent, reversing the second quarter's 1.2 percent increase.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Eurozone Sentix Investor Confidence Improves In December (50 min(s), 05 sec(s) ago)
(RTTNews) - Eurozone investor sentiment improved at the end of the year but the negative reading s ...Full Story»

Latvia Inflation Eases To 3.8% In November (58 min(s), 05 sec(s) ago)
(RTTNews) - Latvia's consumer price inflation moderated in November to the lowest level in fou ...Full Story»

Iceland Trade Gap Narrows In November (01 hr(s), 18 min(s), 05 sec(s) ago)
(RTTNews) - Iceland's foreign trade deficit decreased in November from a year ago as imports f ...Full Story»

Czech Industrial Output Rises Further; Trade Surplus Grows Sharply (01 hr(s), 57 min(s), 05 sec(s) ago)
(RTTNews) - The Czech Republic's industrial production expanded for the second straight month ...Full Story»

German Industrial Output Posts Stronger-Than-Expected Growth (02 hr(s), 26 min(s), 05 sec(s) ago)
(RTTNews) - Germany's industrial production growth accelerated unexpectedly in October, streng ...Full Story»

Swiss Consumers Less Pessimistic In November (02 hr(s), 49 min(s), 05 sec(s) ago)
(RTTNews) - Confidence among Swiss consumers remained less negative in November, survey results fr ...Full Story»

Denmark Industrial Production Falls 3.5% (03 hr(s), 33 min(s), 05 sec(s) ago)
(RTTNews) - Denmark's industrial production contracted in October after rebounding sharply in ...Full Story»

Lithuania Inflation Eases To 3.8% (04 hr(s), 04 min(s), 05 sec(s) ago)
(RTTNews) - Lithuania's consumer price inflation moderated in November to the lowest level in ...Full Story»