Philippines Q1 GDP grows 5.4% y/y, below expectations

MANILA: The Philippine economy grew by an annual 5.4% in the first quarter of 2025 from a year earlier, official data showed on Thursday, a similar pace to the previous quarter’s 5.3% expansion.

Economists in a Reuters poll had expected growth of 5.7%.

Philippines Q4 GDP grows 5.2% y/y, below expectations

On a seasonally adjusted basis, the economy grew 1.2% quarter-on-quarter, below the median forecast of 1.6% in a Reuters poll of economists.