The Philippine economy expanded just 0.1% quarter-on-quarter in Q3 2026, moderating from 0.5% growth in Q2 and missing market expectations of a 0.9% expansion. The slowdown was largely driven by a sharp contraction in agriculture, forestry, and fishing (-7.7% vs. 3.3% in Q2), while services growth eased to 0.4% from 1.3%. These offset a rebound in industry, which expanded 1.5% after contracting 1.9% in the previous quarter, supported by recoveries in construction (6.9% vs. -9.5%) and mining and quarrying (11% vs. -10%). Within services, education recorded the steepest contraction, falling 6.8%, while financial and insurance activities and professional and business services both grew 1.5%. On the expenditure side, household consumption growth slowed to 0.4% from 0.7%, while government spending contracted 0.1% after rising 1.4%. Gross capital formation rebounded 3.6% following a 3.4% contraction, while exports growth nearly stalled at 0.1% from 1.9%. source: Philippine Statistics Authority

The Gross Domestic Product (GDP) in Philippines expanded 0.10 percent in the third quarter of 2026 over the previous quarter. GDP Growth Rate in Philippines averaged 1.15 percent from 1998 until 2026, reaching an all time high of 8.10 percent in the third quarter of 2020 and a record low of -14.60 percent in the second quarter of 2020. This page provides - Philippines GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2026.

The Gross Domestic Product (GDP) in Philippines expanded 0.10 percent in the third quarter of 2026 over the previous quarter. GDP Growth Rate in Philippines is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines GDP Growth Rate is projected to trend around 1.00 percent in 2027 and 1.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-08-07 02:00 AM
GDP Growth Rate QoQ
Q2 0.6% 0.9% 0.9% 1.4%
2026-11-09 02:00 AM
GDP Growth Rate QoQ
Q3 0.1% 0.5% 0.9% 1.2%


Related Last Previous Unit Reference
Full Year GDP Growth 4.40 5.60 percent Dec 2025
GDP Growth Rate YoY 2.10 2.40 percent Sep 2026
GDP Constant Prices 5647067.00 5981697.00 PHP Million Sep 2026
GDP from Agriculture 391048.00 449266.00 PHP Million Sep 2026
GDP from Construction 368213.00 431929.00 PHP Million Sep 2026
GDP from Manufacturing 815277.00 999249.00 PHP Million Sep 2026
GDP from Mining 33718.00 39984.00 PHP Million Sep 2026
GDP from Public Administration 286417.00 347002.00 PHP Million Sep 2026
GDP from Transport 219375.00 215076.00 PHP Million Sep 2026
GDP from Utilities 212675.00 197551.00 PHP Million Sep 2026
GDP Growth Rate 0.10 0.50 percent Sep 2026
Gross Fixed Capital Formation 1156206.00 1342108.00 PHP Million Sep 2026
Gross National Product 6842501.22 6796255.76 PHP Million Sep 2026


Philippines GDP Growth Rate
The Philippines has a status of emerging economy. In recent years, the country has been steadily growing mainly due to inflow of foreign direct investment and remittances. The Philippines is the world’s largest center for business process outsourcing. The country also has a strong industrial sector based on the manufacturing of electronics and other high-tech components for overseas corporations. The Philippines is rich in natural resources; it has significant reserves of chromite, nickel, copper, coal and oil.
Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.50 8.10 -14.60 1998 - 2026 percent Quarterly

News Stream
Philippines GDP Growth Near Standstill in Q3
The Philippine economy expanded just 0.1% quarter-on-quarter in Q3 2026, moderating from 0.5% growth in Q2 and missing market expectations of a 0.9% expansion. The slowdown was largely driven by a sharp contraction in agriculture, forestry, and fishing (-7.7% vs. 3.3% in Q2), while services growth eased to 0.4% from 1.3%. These offset a rebound in industry, which expanded 1.5% after contracting 1.9% in the previous quarter, supported by recoveries in construction (6.9% vs. -9.5%) and mining and quarrying (11% vs. -10%). Within services, education recorded the steepest contraction, falling 6.8%, while financial and insurance activities and professional and business services both grew 1.5%. On the expenditure side, household consumption growth slowed to 0.4% from 0.7%, while government spending contracted 0.1% after rising 1.4%. Gross capital formation rebounded 3.6% following a 3.4% contraction, while exports growth nearly stalled at 0.1% from 1.9%.
2026-11-09
Philippine Economy Grows 0.6% QoQ
The Philippine economy expanded 0.6% quarter-on-quarter in Q2 2026, below market expectations and Q1’s 0.9% growth. Among the major sectors, agriculture, forestry, and fishing posted the fastest growth at 2.7%, followed by services at 1.3%. Meanwhile, industry contracted 1.8%, primarily driven by declines in construction and mining and quarrying. Education; wholesale and retail trade; repair of motor vehicles and motorcycles; and public administration and defense were the top contributors to overall GDP growth. On the expenditure side, household consumption grew 0.8%.
2026-08-07
Philippine Economy Expands 0.9% QoQ
The Philippine economy expanded 0.9% quarter-on-quarter in Q1 2026, missing expectations of 1.5% growth but slightly accelerating from a 0.6% expansion in Q4. Growth in household consumption slowed (0.7% vs 1.0% in Q4), while net trade weighed heavily on the economy as imports surged 13.5% (vs -2.2%) and export growth eased to 1.2% (vs 5.4%). Meanwhile, government spending accelerated (6.0% vs 1.0%), while fixed investment rebounded (0.9% vs -2.3%). Among major sectors, services growth eased (0.9% vs 1.3%), while activity rebounded in agriculture, forestry, and fishing (0.6% vs -0.6%) and industry (1.2% vs -0.6%).
2026-05-07