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PH growth slows to 2.1% in Q3

Niña Myka Pauline Arceo

09/11/2026 02:34:00

The Philippines experienced a 2.1% economic growth in Q3, marking the slowest rate since 2009, excluding pandemic years.
This growth is lower than the previous quarter's revised 2.4% and significantly below the government's target of 3.5-4.5% for the year.
While the services sector grew by 3.7%, agriculture and industry faced declines of 4.8% and 0.003%, respectively. Read more

The Philippines posted an economic growth of 2.1 percent in the third quarter of the year, the weakest quarterly growth since 2009 excluding the pandemic years, the Philippine Statistics Authority reported on Monday

It is lower than the 2.4-percent revised growth three months earlier and the 4.0 posted a year earlier. It is also well below the government’s downwardly revised 3.5- to 4.5-percent target for the year.

Services posted a year-on-year growth of 3.7 percent in the third quarter of 2026.

However, agriculture, forestry, and fishing and industry declined at 4.8 percent and 0.003 percent, respectively.

by The Manila Times

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