Growth of the Philippines’ economy has been steady amid global trade tensions, supported by a domestically oriented economic structure and diversified export markets. Steady domestic consumption and a stable labor market continue to drive growth, while inflation has eased below the target range of Bangko Sentral ng Pilipinas (BSP).
The economy will continue to expand at a rate of above 5 percent growth rate, slower than the pre-COVID trend. GDP growth is projected at 5.2 percent in 2025 and 5.3 percent in 2026. Inflation is expected to return to the BSP’s target range and is projected at 1.7 percent in 2025, rising to 3.2 percent in 2026.