The Philippine economy maintained its year-on-year Gross Domestic Product (GDP) growth rate at 5.4 percent for the first quarter of 2025, according to updated figures released by the Philippine Statistics Authority (PSA).
While the headline figure remained unchanged, the PSA applied adjustments across several key sectors, reflecting updated data inputs and methodological refinements.
Among the sectors that saw downward revisions were electricity, steam, water, and waste management, which was adjusted from 3.8 percent to 2.7 percent; financial and insurance activities, which declined slightly from 7.2 percent to 6.9 percent; and information and communication, which was revised from 5.6 percent to 4.7 percent.
Improved manufacturing sector
On the other hand, notable upward adjustments were made in the manufacturing sector, which improved from 4.1 percent to 4.3 percent. Real estate and ownership of dwellings also saw a revision from 3.3 percent to 3.7 percent, while professional and business services edged higher from 5.0 percent to 5.2 percent.
Meanwhile, the Gross National Income (GNI) for the same period was revised downward from 7.5 percent to 7.2 percent. The Net Primary Income from the Rest of the World also posted a lower figure, from the earlier estimate of 24.6 percent to 22.0 percent.
The PSA emphasized that all revisions are conducted in accordance with its official revision policy, outlined in PSA Board Resolution No. 1, Series of 2017-053. This policy aligns with international best practices in the compilation and updating of national accounts.