Philippines Gdp Growth Rate 2024

Philippines Gdp Growth Rate 2024. The main contributors to the first quarter 2024 growth were: Repair of motor vehicles and motorcycles, 6.4 percent;

Financial and insurance activities, 10.0 percent; At the national level, the gross domestic product (gdp) grew by 5.5 percent in 2023, a slowdown from the 7.6 percent growth in 2022, with all 16 major industries recording positive growths.

The Adb’s Forecasts Fall Within The Lower End Of The Marcos Administration’s Gdp Target Range Of 6% To 7% For The Year And 6.5% To 7.5% For Next Year.

Financial and insurance activities, 10.0 percent;

Vietnam And The Philippines Are Both Forecast To Grow At A Faster Rate Of 6 Percent In 2024.

Adb’s flagship economic publication asian development outlook (ado) april 2023 forecasts the philippine economy to grow by 6.0% this year, climbing further by 6.2% in 2024.

Philippines Gdp Growth Rate 2024 Images References :

Gdp Is The Sum Of Gross Value Added By All Resident Producers In The Economy Plus Any Product Taxes And Minus Any Subsidies Not Included In The Value Of The Products.

Full year gdp growth in philippines is expected to reach 6.40 percent by the end of 2024, according to trading economics global macro models and analysts expectations.

Gdp Growth And Gdp Per Capita Growth Of Philippines.

The main contributors to the first quarter 2024 growth were:

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