The main contributors to the second quarter of 2025 year-on-year growth were wholesale and retail trade; repair of motor vehicles and motorcycles, 5.1 percent; public administration and defense; compulsory social security, 12.8 percent; and financial and insurance activities, 5.6 percent.
All major economic sectors, namely agriculture, forestry, and fishing; industry, and services posted year-on-year growths in the second quarter of 2025 with 7.0 percent, 2.1 percent, and 6.9 percent, respectively.
“The latest figures signal steady recovery supported by resilient household consumption, stronger government spending, and solid performance from key service sectors,” economic officials said.
On the demand side, household final consumption expenditure—a key driver of domestic economic activity—grew 5.5 percent. Other major expenditure items also posted year-on-year increases:
Government final consumption expenditure, up 8.7 percent
Gross capital formation, up 0.6 percent
Exports of goods and services, up 4.4 percent
Imports of goods and services, up 2.9 percent
The country’s Gross National Income (GNI) also rose by 8.2 percent, bolstered by a significant 32.8 percent increase in Net Primary Income (NPI) from the Rest of the World, which includes overseas remittances and earnings of Filipino workers abroad.
Despite global uncertainties, the latest GDP data points to a moderately strong domestic economy, supported by services and consistent household demand.
The government has reiterated its commitment to infrastructure investments and social programs to maintain growth momentum in the coming quarters. —Ed: Corrie S. Narisma
