Country Focus Economy Economy & Banking Reports & Indices

Philippine economy grows 2.1 percent in the third quarter

9 November 2026

The Philippine Statistics Authority put the country's gross domestic product growth at 2.1 percent for the third quarter of 2026. That is slower than the 2.4 percent of the second quarter and well below the 4 percent of the same quarter a year earlier. Arsenio Balisacan, Secretary of the Department of Economy, Planning and Development, briefed reporters on the numbers on 9 November 2026. Household final consumption rose 2.4 percent, investment fell 0.2 percent and agriculture shrank 4.8 percent. Exports were the bright spot, rising 8.6 percent, with electronic exports up 19.4 percent. The government said it would push reforms to lift growth towards the 5 to 6 percent target set for the coming year.

Q3 2026 GDP growth: 2.1 percent Previous quarter: 2.4 percent Exports: up 8.6 percent Agriculture: down 4.8 percent

Why it matters for exams: The Philippine Statistics Authority is the country's official statistics agency, and the Department of Economy, Planning and Development headed by Arsenio Balisacan is its planning body.

Kerala PSCUPSC

9 November 2026 Source: Philippine News Agency

In plain words

PSA Philippine Statistics Authority — The official statistical agency of the Philippines, which publishes GDP and inflation data.

DEPDev Department of Economy, Planning and Development — The Philippine government's economic planning department, which briefs on quarterly growth.