The Philippines GDP advanced 1.0 percent quarter-on-quarter in the three months to March of 2019, after an upwardly revised 1.8 percent growth in the previous quarter. It was the weakest quarterly growth rate since the third quarter 2014, as the industry sector and agriculture, hunting, forestry and fishing activities contracted while the service sector expanded further. GDP Growth Rate in Philippines averaged 1.25 percent from 1998 until 2019, reaching an all time high of 3.40 percent in the first quarter of 2010 and a record low of -2.30 percent in the first quarter of 2009.
GDP Growth Rate in Philippines is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Philippines to stand at 1.20 in 12 months time. In the long-term, the Philippines GDP Growth Rate is projected to trend around 1.20 percent in 2020, according to our econometric models.