GDP growth rate drops by 16.5 percent in the second quarter of 2020; the lowest starting 1981 series
The Gross Domestic Product (GDP) growth rate dropped by
The main contributors to the decline were: Manufacturing,
On the expenditure side, major items that declined were: Household Final Consumption Expenditure (HFCE),
Net Primary Income (NPI) from the Rest of the World and Gross National Income (GNI) both decline by
DENNIS S. MAPA, Ph.D.
National Statistician and Civil Registrar General
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.