Philippine Economy AT-A-Glance

PH ECONOMY PLUNGES 9.5% IN 2020 AMID PANDEMIC

    The Philippines posted a -8.9% fourth quarter GDP growth rate, bringing the overall economic performance to -9.5% in 2020. On an annual basis, industry posted the largest contraction (-13.1%) while both services and agriculture also posted negative growth rates at -9.1% and -0.2%, respectively.