The Philippine economy generated a record P8.40 trillion in gross savings in 2025, fueled largely by robust corporate earnings and rising national income, according to data released by the Philippine Statistics Authority (PSA).
The figure emerged as Gross National Disposable Income (GNDI) expanded 7.5 percent to P34.04 trillion, reflecting stronger income generation across the economy despite lingering global uncertainties.
Non-financial corporations accounted for the lion’s share of savings, posting P5.16 trillion, or more than 60 percent of the national total. Financial corporations followed with P2.29 trillion, while households and non-profit institutions serving households (NPISHs) contributed P973.14 billion.
The government, in contrast, recorded a dissaving position of P23.61 billion, indicating expenditures exceeded available savings during the year.
The data suggest that businesses remained the primary engine of capital accumulation, while households continued to face pressures that limited their ability to build savings despite sustained consumption spending.
Household final consumption expenditure reached P21.40 trillion in 2025, while government consumption totaled P4.24 trillion. Together, these spending levels translated into national gross savings of P8.40 trillion.
The economy’s investment activity, measured through gross capital formation, amounted to P6.20 trillion. With savings exceeding investments, the Philippines posted a net lending position of P2.20 trillion, indicating the economy generated more financial resources than it absorbed domestically.
Economists generally view a net lending position as a sign of financial strength, although the composition of savings matters. The latest figures underscore the growing role of corporations in driving the country’s financial surplus, even as government finances remained under pressure and household savings lagged behind.
The PSA’s findings were drawn from its Consolidated Accounts and Income and Outlay Accounts, which track the flow of income, spending, savings, investment, and transactions across key sectors of the economy.
