The Philippine economy grew by 5.4 percent in the first quarter of 2025, according to the Philippine Statistics Authority—a modest yet steady performance amid ongoing global uncertainty.
The Asian Development Bank (ADB) has forecast that the Philippine economy will grow at a robust pace of 6.0 percent in 2025 and 6.1 percent in 2026, driven by strengthened domestic demand and sustained public investment. This growth follows a 5.6 percent expansion in 2024.
The Philippine Statistics Authority (PSA) has revised estimates for the country’s economic performance, covering both 2023 and 2024, with updates on quarterly and annual figures by industry and expenditure.
Emerging markets and developing economies like the Philippines were to collectively post output growth measured as the gross domestic product (GDP) averaging 4 percent this year, but higher next year to 4.2 percent, according to the International Monetary Fund (IMF).
The government has retained the projected local output growth measured as the gross domestic product (GDP) at 7.6 percent in the third quarter of 2022, according to National Statistician Dennis Mapa.
The Philippines is stepping up agricultural ties with Türkiye, targeting stronger trade in poultry, seafood, and tropical products while boosting Halal-certified feed production. A recent meeting between represenatives of the Department of Agriculture and the Turkish Embassy focused on enhancing food security and opening new markets for high-value Philippine exports.
Discovery Capital Finance Corp. (DCFC) and fintech company KreditHero, Inc. have announced a nationwide partnership to expand access to financing for small and medium enterprises (SMEs) across the Philippines. The collaboration combines Discovery Capital’s lending experience and network with KreditHero’s digital technology and wide reach, aiming to make it easier and faster for entrepreneurs to secure funding.
The governments of the Philippines and South Korea have opened new rice seed processing and cold storage facilities at the Department of Agriculture–Philippine Rice Research Institute (PhilRice) in Muñoz, Nueva Ecija. The project marks PhilRice’s 40th anniversary and aims to modernize the country’s rice seed supply chain.
San Miguel Corp. (SMC) has partnered with the provincial government of Laguna to expand its river cleanup and restoration program aimed at reducing flooding across the province.