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   What is the growth rate of the Philippine economy in 2021?

   • Souce: Philippine Statistics Authority The Philippine Gross Domestic Product (GDP) posted a growth of 7.7 percent in the fourth quarter of 2021, resulting in 5.6 percent full-year growth in 2021.

   GDP Posted a Growth of 7.7 Percent in the Fourth Quarter of 2021

   www.psa.gov.ph/content/gdp-posted-growth-77-percent-fourth-quarter-2021-resulting-56-percent-full-year-growth-2021

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   Will Philippine economic growth accelerate further in 2022?

   • Among the ASEAN-5 economies,1 Philippine economic growth ranked as the second fastest in 2021 next to Singapore and the government expects it to accelerate further in 2022. Table 1. Growth Rates of Selected Asian Economies, 2020-2021 Production was driven by the strong rebound of both industry and services sectors.

   Economic Report - senate.gov.ph

   www.senate.gov.ph/publications/SEPO/2021 FY Econ Report_05Apr2022.pdf

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   What is the growth rate in 2021?

   • Supported by the gradual easing of mobility restrictions, full-year GDP growth settled at 5.6 percent, just slightly beating the target of 5.0 to 5.5 percent. In December 2021, the Asian Development Bank and the World Bank raised their growth projections to 6.0 percent and 5.9 percent, respectively.

   Economic Report - senate.gov.ph

   www.senate.gov.ph/publications/SEPO/2021 FY Econ Report_05Apr2022.pdf

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   How did the economy expand in 2021?

   • The economy expanded by 4.9 percent in the first three quarters of 2021, rebounding from a 10.1 percent contraction over the same period in 2020. Although partially driven by base effects, the growth expansion also reflected an increase in economic activity despite the implementation of several lockdowns.

   World Bank Philippines Economic Update December 2021

   thedocs.worldbank.org/en/doc/bca0601a640711811e2dea678fa08c32-0070062021/world-bank-philippines-economic-update-december-2021

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   Will 2022 be a good year for economic growth?

   • In December 2021, the Asian Development Bank and the World Bank raised their growth projections to 6.0 percent and 5.9 percent, respectively. Indeed, the emerging growth dynamics seem to point to an economic recovery in 2022 with the government setting an ambitious growth target of 7.0 to 9.0 percent.

   Economic Report - senate.gov.ph

   www.senate.gov.ph/publications/SEPO/2021 FY Econ Report_05Apr2022.pdf

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   What contributed to the fourth quarter 2021 growth?

   • The main contributors to the fourth quarter 2021 growth were: Manufacturing, 7.2 percent; Wholesale and retail trade; repair of motor vehicles and motorcycles, 7.4 percent; and Construction, 18.5 percent.

   GDP Posted a Growth of 7.7 Percent in the Fourth Quarter of 2021

   www.psa.gov.ph/content/gdp-posted-growth-77-percent-fourth-quarter-2021-resulting-56-percent-full-year-growth-2021

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2. www.adb.org › news › philippine-economy-seenPhilippine Economy Seen Recovering in 2021, with Stronger ...

   www.adb.org › news › philippine-economy-seen

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   Apr 28, 2021 · The Asian Development Outlook (ADO) 2021, ADB’s flagship economic publication, forecasts the Philippine economy to grow by 4.5% in 2021 and 5.5% in 2022. Substantial progress in the country’s vaccination rollout will help restore consumer and business confidence, though uncertainties over how the pandemic will unfold globally and ...

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3. www.senate.gov.ph › publications › SEPOEconomic Report

   www.senate.gov.ph › publications › SEPO

   The Philippine economy managed to post economic gains for three consecutive quarters in 2021. Supported by the gradual easing of mobility restrictions, full-year GDP growth settled at 5.6 percent, just slightly beating the target of 5.0 to 5.5 percent.

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5. www.pna.gov.ph › articles › 1166477PH GDP grows 5.6% in 2021, on track to surpass pre-pandemic level

   www.pna.gov.ph › articles › 1166477

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   Jan 27, 2022 · MANILA – The Philippine economy expanded by 7.7 percent in the last quarter of 2021 as easing mobility restrictions perked up consumer spending and business activities, bringing full-year growth to 5.6 percent and boosting optimism about staging a rapid rebound this year.

6. asia.nikkei.com › Economy › Philippines-GDP-beatsPhilippines GDP beats target with 5.6% growth in 2021

   asia.nikkei.com › Economy › Philippines-GDP-beats

   Jan 27, 2022 · MANILA -- The Philippine economy expanded by 5.6% in 2021 after logging 7.7% growth for the fourth quarter, as loosened pandemic-related restrictions buoyed business activity.

7. oxfordbusinessgroup.com › reports › philippinesEconomy, from The Report: Philippines 2021 - Oxford Business ...

   oxfordbusinessgroup.com › reports › philippines

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   The Philippines is one of the fastest-growing economies of the past decade, averaging 6.4% growth per year in 2010-19. Indeed, an expanding and youthful population, combined with reforms and an ambitious infrastructure programme, have made it an enticing investment destination.

8. thedocs.worldbank.org › en › docWorld Bank Philippines Economic Update December 2021

   thedocs.worldbank.org › en › doc

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   Dec 7, 2021 · The economic rebound gained momentum in the third quarter of 2021 despite another COVID-19 wave. The Philippines has, so far, faced its worst infection wave in September when the 7-day daily average reached about 21,000 cases due to the Delta variant.

9. www.psa.gov.ph › content › gdp-posted-growth-77GDP Posted a Growth of 7.7 Percent in the Fourth Quarter of ...

   www.psa.gov.ph › content › gdp-posted-growth-77

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   Jan 27, 2022 · The Philippine Gross Domestic Product (GDP) posted a growth of 7.7 percent in the fourth quarter of 2021, resulting in 5.6 percent full-year growth in 2021. The main contributors to the fourth quarter 2021 growth were: Manufacturing, 7.2 percent; Wholesale and retail trade; repair of motor vehicles and motorcycles, 7.4 percent; and Construction ...