First quarter 2020 GDP growth rate was revised downward to -0.7 percent
The first quarter 2020 Gross Domestic Product (GDP) growth rate was revised from the preliminary
The Philippine Statistics Authority (PSA) revises the GDP estimates based on an approved revision policy (PSA Board Resolution No.1, Series of 2017-053) which is consistent with international standard practices on national accounts revisions.
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For the latest update on the National Accounts, see National Accounts of the Philippines Latest Estimates at https://psa.gov.ph/national-accounts/base-2018/estimates.