BUSINESS
Advocates Philippines
PH Economy Grows 4% In Q3 - Services Lead The Charge
FILE
The Philippine economy kept its growth streak alive, expanding by 4.0% in the third quarter of 2025 compared to the same period last year, according to the latest report from the Philippine Statistics Authority (PSA).
Driving this growth were the country’s key money-makers: wholesale and retail trade, which grew by 5.0%; financial and insurance activities, up by 5.5%; and professional and business services, which led the pack with a solid 6.2% increase.
All three major sectors — Agriculture, Industry, and Services — stayed in positive territory. Agriculture grew 2.8%, Industry slightly improved by 0.7%, while the Services sector continued to shine with 5.5% growth.
On the spending side, household consumption—which makes up most of the economy—rose 4.1%, showing that Filipinos are still spending despite higher prices. Government spending also climbed 5.8%, while exports surged 7.0% and imports went up 2.6%.
However, business investments, reflected in gross capital formation, slipped by 2.8%, signaling cautious spending among investors.
Meanwhile, the Gross National Income (GNI), which includes money earned by Filipinos abroad, jumped 5.6%, boosted by a strong 16.9% increase in income from the rest of the world.
In short — the Philippine economy is still moving forward, powered by trade, services, and overseas income, though investments remain something to watch.
Driving this growth were the country’s key money-makers: wholesale and retail trade, which grew by 5.0%; financial and insurance activities, up by 5.5%; and professional and business services, which led the pack with a solid 6.2% increase.
All three major sectors — Agriculture, Industry, and Services — stayed in positive territory. Agriculture grew 2.8%, Industry slightly improved by 0.7%, while the Services sector continued to shine with 5.5% growth.
On the spending side, household consumption—which makes up most of the economy—rose 4.1%, showing that Filipinos are still spending despite higher prices. Government spending also climbed 5.8%, while exports surged 7.0% and imports went up 2.6%.
However, business investments, reflected in gross capital formation, slipped by 2.8%, signaling cautious spending among investors.
Meanwhile, the Gross National Income (GNI), which includes money earned by Filipinos abroad, jumped 5.6%, boosted by a strong 16.9% increase in income from the rest of the world.
In short — the Philippine economy is still moving forward, powered by trade, services, and overseas income, though investments remain something to watch.
Nov 7, 2025
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