Philippine economy grows 6.0 percent in the second quarter of 2018

Reference Number: 2018-134
Release Date: August 9, 2018
 
The Philippine economy grew by 6.0 percent in the second quarter of 2018. Manufacturing, Trade, and Construction were the main drivers of growth for the quarter. 
 
Among the major economic sectors, Services recorded the fastest growth at 6.6 percent. Industry followed with a growth of 6.3 percent, and Agriculture with a growth of 0.2 percent.
 
Net Primary Income (NPI) posted a growth of 4.7 percent resulting in the 5.8 percent growth of Gross National Income (GNI). Both NPI and GNI recorded a growth of 6.6 percent in the same quarter of the previous year.
 
With the country’s projected population reaching 106.2 million in the second quarter of 2018, per capita GDP grew by 4.3 percent. Meanwhile, per capita GNI and per capita Household Final Consumption Expenditure (HFCE) grew by 4.1 percent and 4.0 percent, respectively.
 
 
LISA GRACE S. BERSALES, Ph.D.
Undersecretary
National Statistician and Civil Registrar General

 

 

Links:
For the latest update on the National Accounts, see National Accounts of the Philippines Latest Estimates

Tags:
National Accounts of the Philippines, NAP, NAP 2nd Quarter