PHL 2025 GDP growth left unrevised at 4.4%

ECONOMIC GROWTH in 2025 was left unrevised at 4.4%, the Philippine Statistics Authority (PSA) said on Wednesday.

It said the gross domestic product (GDP) was as initially reported on Jan. 29.

It was the weakest reading since the 9.5% contraction in 2020, at the height of the pandemic.

The 2024 GDP growth estimate was also unrevised at 5.7%.

The PSA said the fourth quarter 2025 GDP growth reading remained at 3%.

The fourth quarter reflected the full impact of the infrastructure corruption scandal, which had bogged down government spending because of extensive reviews on project disbursements. A year earlier, growth had been 5.3%, while the third-quarter reading was 4%.

The PSA also maintained its estimate for growth in gross national income (GNI), the sum of the nation’s GDP and net primary income from the rest of the world, at 6.1% in 2025 and 7.7% in 2024.

For the fourth quarter of 2025, GNI was raised to 4% from the 3.9% preliminary estimate.

In 2025, estimates for agriculture growth were left unrevised at 3.1%.

The industry sector’s expansion was upgraded to 1.7% from the 1.5% preliminary figure.

On the other hand, growth on the services sector was revised downwards to 5.8% from the 5.9% initially reported.

“Upward revisions for 2025 were noted in: construction (0.1% from minus 0.2%), electricity, steam, water and waste management, (0.8% from 0.2%), and information and communication, (4% from 3.6%),” the PSA said.

Downward revisions were recorded in public administration and defense; compulsory social security, (6.8% from 8%), education, (7.8% from 8.4%) and transportation and storage (6.7% from 6.8%).

For the fourth quarter,  growth of the industry sector was revised to a 0.3% decline from the 0.9% drop previously reported.

During the same period, the PSA downwardly revised the growth of the services sector to 4.9% from the 5.2% preliminary estimate.

Agriculture growth, on the other hand, was maintained at 1%.

The PSA upwardly revised the growth rates of the following industry subsectors: manufacturing (1.8% from 1.6%), construction (minus 6% from minus 7.1%), and electricity, steam, water and waste management (0.8% from minus 1.6%).

The estimate for mining and quarrying, on the other hand, was lowered to 5.1% from 5.3%.

On the expenditure side, the estimate for growth in government spending was lowered to 8.4% in 2025 from the 9.1% preliminary reading.

Household consumption growth was also revised downwards to 4.5% from the 4.6% initially reported on Jan. 29.

For the last three months of 2025, the household consumption estimate was unchanged at 3.8%. Meanwhile, government spending growth was lowered to 0.7% from the 3.7% initially reported.

For the trade in goods and services, the PSA revised import growth in 2025 to 5% from the 5.1% preliminary reading.

Export growth was raised to 8.2% from the initially reported 8.1%.

For the fourth quarter, export growth was upwardly revised to 13.3,%from the 13.2% preliminary estimate.

Import growth, on the other hand, was downwardly revised to 3.2% from 3.5% initially.

Gross capital formation, the investment component of the economy, fell 1.7% against the decline of 2.1%  estimated initially.

For the fourth quarter, investments dropped 9.4%, against the previously reported 10.9% decline. — Abigail Marie P. Yraola