MANILA—The Philippine Statistics Authority (PSA) on Wednesday maintained the country’s Gross Domestic Product (GDP) year-on-year growth rate for the first quarter of 2025 at 5.4 percent, but announced downward and upward revisions in several key sectors.

Among the downward revisions were:

• Electricity, steam, water and waste management, revised from 3.8 percent to 2.7 percent
• Financial and insurance activities, revised from 7.2 percent to 6.9 percent
• Information and communication, revised from 5.6 percent to 4.7 percent

Meanwhile, the top upward revisions were recorded in:

• Manufacturing, revised from 4.1 percent to 4.3 percent
• Real estate and ownership of dwellings, revised from 3.3 percent to 3.7 percent
• Professional and business services, revised from 5.0 percent to 5.2 percent

The Gross National Income (GNI) for Q1 2025 was revised downward from 7.5 percent to 7.2 percent, while the Net Primary Income from the Rest of the World was adjusted from 24.6 percent to 22.0 percent.

According to the PSA, these updates follow its approved revision policy under PSA Board Resolution No. 1, Series of 2017-053, in line with international standards on national accounts revisions.