The Philippine economy grew by 5.5% in the second quarter of 2025, driven by stronger farm output and consumer spending, despite slower industrial growth and weaker public construction.
This growth rate is slightly higher than the 5.4% recorded in the first quarter and is the fastest in a year, keeping the country among the fastest-growing economies in emerging Asia.
Agriculture rebounded with a 7% growth, particularly in palay and corn production, while services expanded by 6.9%.
Household consumption grew by 5.5%, and government spending slowed, affected by an election spending ban.
Economic officials remain optimistic that the country can reach its full-year growth target of 5.5% to 6.5%, citing easing inflation and stronger domestic demand.
Source: PhilNews24 | August 9, 2025
