Q3 2018 GDP growth slows to 6.1 percent

Reference Number: 

2018-176

Release Date: 

Thursday, November 8, 2018

The country’s Gross Domestic Product (GDP) grew by 6.1 percent in the third quarter of 2018. Trade, Construction, and Manufacturing were the main drivers of growth for the quarter.

Among the major economic sectors, Services recorded the fastest growth at 6.9 percent, followed by Industry with a growth of 6.2 percent. On the other hand, Agriculture declined by 0.4 percent.

Net Primary Income (NPI) posted a growth of 5.6 percent resulting in the 6.0 percent growth of Gross National Income (GNI).

With the country’s projected population reaching 106.6 million in the third quarter of 2018, per capita GDP grew by 4.4 percent. Meanwhile, per capita GNI and per capita Household Final Consumption Expenditure (HFCE) had respective growths of 4.4 percent and 3.5 percent.

 

See more at the National Accounts of the Philippines main page.

 

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National Accounts of the Philippines