Philippine GDP Grew 2.3% in Q2 2026, PSA Reports
The Philippine economy grew 2.3% year on year in the second quarter of 2026, according to the Philippine Statistics Authority. Services expanded while industry contracted.
MANILA — Philippine gross domestic product grew 2.3% year on year in the second quarter of 2026, the Philippine Statistics Authority (PSA) reported on August 7.
Services grew 4.5% and agriculture, forestry, and fishing grew 2.7%. Industry contracted 2.4%. The PSA identified wholesale and retail trade, education, and manufacturing as the main contributors to overall growth.
On the spending side, household consumption grew 2.8%, government consumption grew 8.3%, and exports of goods and services grew 12.2%. Gross capital formation declined 9.2%.
Source: Philippine Statistics Authority, GDP Grows by 2.3 Percent in the Second Quarter of 2026 (August 7, 2026): https://psa.gov.ph/content/gdp-grows-23-percent-second-quarter-2026
Correction (October 17, 2026): An earlier version of this article incorrectly reported GDP growth of 6.3% and included other figures and claims that were not supported by the PSA release. This version replaces those claims with the official figures. The original article was published on August 26, 2026.