MANILA, Philippines — The Philippine economy grew by 5.4 percent in the first quarter of 2025, driven by strong consumer spending and robust activity in key industries, data from the Philippine Statistics Authority (PSA) showed.

Among the top contributors to the growth were wholesale and retail trade; repair of motor vehicles and motorcycles, which rose by 6.4 percent; financial and insurance activities, up by 7.2 percent; and manufacturing, which grew by 4.1 percent.

PSA likewise said that all major sectors posted gains during the quarter. The agriculture, forestry, and fishing sector expanded by 2.2 percent, industry by 4.5 percent, and services by 6.3 percent.

On the demand side, household consumption — which accounts for the bulk of economic activity — grew by 5.3 percent. Government spending jumped by 18.7 percent, while investments, or gross capital formation, increased by 4.0 percent.

Trade also improved, with exports rising by 6.2 percent and imports climbing by 9.9 percent.

Gross national income, which includes income from abroad, grew by 7.5 percent. Net primary income from the rest of the world surged by 24.6 percent.