Philippines GDP grew 6.3% in second quarter of 2024

The Philippine economy expanded 6.3 percent in the second quarter of 2024, faster than the adjusted 5.8-percent growth recorded in the first quarter.

This brought the country’s gross domestic product (GDP) growth to 6.0 percent in the first half of the year.

This keeps the country on track to achieving its target growth rate of 6 percent to 7 percent for 2024, as confirmed by the Development Budget Coordination Committee.