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MANILA, Philippines — The local creative economy surged ahead in 2023, surpassing national output growth to reach a total value of P1.72 trillion. This sector not only generated more jobs but also made a significant contribution to…
The Philippines’ consumption-driven economy is expected to benefit from a mix of lower inflation and a strong job market, according to BMI, a unit of the Fitch Group. Using 2010 as the base year, BMI is projecting…
MANILA, Philippines —The Marcos administration fell short of its growth goal last year due to significant inflation, resulting in a 5.6 percent gross domestic product (GDP) growth in 2023. This marked a slowdown from the 7.6 percent…
INQUIRER/ MARIANNE BERMUDEZ MANILA, Philippines — The country’s chief socioeconomic planner, Secretary Arsenio Balisacan of the National Economic and Development Authority (Neda), said that a 2023 economic growth slightly lower than the previous year’s 7.6 percent but near…
MANILA, Philippines — Analysts from First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) predict that despite revenge spending boosting the economy, growth is unlikely to reach the lower end of the Marcos…
Over the years, I have described agriculture as the economy’s backbone. While I believe this to be true nearly everywhere, it’s more especially so for the Philippine economy. Many might find it hard to agree, especially considering…
You know agriculture is in great trouble when so many op-ed columns are being written on the sector, even from writers who don’t normally deal on the subject. The attention is well deserved, as I consider agriculture…
It seems hard to believe now, but Filipinos on the average were twice richer than South Koreans back in 1965. Data from countryeconomy.com show average income (GDP per capita) in the Philippines then at $211, and $108…
Last week brought welcome news on the economy, as the Philippine Statistics Authority reported that our gross domestic product (GDP) in the third quarter grew by 7.6 percent over the same quarter last year. Many argue that…
What’s the difference? Both the gross national product (GNP) and the gross domestic product (GDP) are sum totals of the money-value of goods and services produced over some period of time. The former refers to what is…
Now that the first-quarter growth figures are out, I thought I’d take a closer look at how the economy is growing. The report was a surprise to many, as most analysts had expected the gross domestic product…
It is always interesting to analyze political economy especially during election time. Political economy is about how politics affects the economy and the economy affects politics. Economic conditions have a powerful impact on elections. Voters on different…
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