Gross domestic product (GDP) growth remained weak in the second quarter of 2025, according to the Philippine Statistics Authority (PSA). The agency reported on Thursday that GDP expanded by 5.5% year-on-year from April to June, only slightly higher than the 5.4% growth recorded in the first quarter. The figure remains within the lower threshold of the Bangko Sentral ng Pilipinas (BSP)’s target growth rate of 5.5 – 6.5%.

The PSA said the modest uptick was supported by improvements in wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; and mining and quarrying. These gains were partially offset by downward revisions in manufacturing, financial and insurance activities, and real estate and ownership of dwellings.

Gross National Income (GNI) growth also eased, slipping from 8.2% in the first quarter to 8.0% in the second quarter. Meanwhile, net primary income from the rest of the world declined from 32.8% to 30.3%.

GDP represents the total value of all goods and services produced within the country, while GNI measures the total income earned by Filipinos, including income from overseas investments. GNI is derived by adjusting GDP to account for income earned by residents abroad and subtracting income earned domestically by non-residents—providing a broader picture of Filipinos’ total income.