Philippines GDP Growth Misses Expectations

2026-01-29 02:25 By Kyrie Dichosa 1 min. read

The Philippines’ GDP grew 3% year-on-year in Q4 2025, below expectations of 3.8% and slowing from 3.9% in the previous quarter.

This marked the softest growth since a contraction in Q1 2021, weighed down by fallout from a high-profile infrastructure corruption scandal, a string of devastating typhoons, and trade pressures that affected the Southeast Asian nation.

Growth slowed in both government spending (3.7% vs 5.8% in Q3) and household consumption (3.8% vs 4.1%), while fixed investment fell for the first time in over a year (-7.2% vs 0.5%).

Meanwhile, net trade contributed positively, as exports climbed 13.2% (vs 7.4%), while imports rose 3.5% (vs 3.2%).

On the production side, activity softened in agriculture, forestry, and fishing (1% vs 2.9%) and in services (5.2% vs 5.4%), while industry output contracted (-0.9% vs 0.7%).

For the full year 2025, the Philippine economy expanded 4.4%, missing the government’s target of 5.5%–6.5%.



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Philippines GDP Growth Misses Expectations
The Philippines’ GDP grew 3% year-on-year in Q4 2025, below expectations of 3.8% and slowing from 3.9% in the previous quarter. This marked the softest growth since a contraction in Q1 2021, weighed down by fallout from a high-profile infrastructure corruption scandal, a string of devastating typhoons, and trade pressures that affected the Southeast Asian nation. Growth slowed in both government spending (3.7% vs 5.8% in Q3) and household consumption (3.8% vs 4.1%), while fixed investment fell for the first time in over a year (-7.2% vs 0.5%). Meanwhile, net trade contributed positively, as exports climbed 13.2% (vs 7.4%), while imports rose 3.5% (vs 3.2%). On the production side, activity softened in agriculture, forestry, and fishing (1% vs 2.9%) and in services (5.2% vs 5.4%), while industry output contracted (-0.9% vs 0.7%). For the full year 2025, the Philippine economy expanded 4.4%, missing the government’s target of 5.5%–6.5%.
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