MANILA — The Philippine economy grew by 5.5 percent in the second quarter of 2025 compared to the same period last year, according to data released by the Philippine Statistics Authority (PSA) on Thursday.

The main drivers of the year-on-year growth were Wholesale and retail trade; repair of motor vehicles and motorcycles, which grew by 5.1 percent; Public administration and defense; compulsory social security, 12.8 percent; and Financial and insurance activities, 5.6 percent.

All major sectors posted positive growth in the second quarter. Agriculture, forestry, and fishing expanded by 7.0 percent; Industry, 2.1 percent; and Services, 6.9 percent.

On the demand side, Household final consumption expenditure rose by 5.5 percent. Other key expenditure items also registered growth: Government final consumption expenditure, 8.7 percent; Gross capital formation, 0.6 percent; Exports of goods and services, 4.4 percent; and Imports of goods and services, 2.9 percent.

Gross National Income (GNI) increased by 8.2 percent during the period, while Net Primary Income from the Rest of the World surged by 32.8 percent.