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    • Shrank 9.5%

      • The country's gross domestic product shrank 9.5% last year -- the first annual contraction since 1998 -- a year after the Asian financial crisis erupted, the Philippine Statistics Authority reported on Thursday.

      Philippines GDP shrinks 9.5% in 2020, worst since 1947

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  3. cpbrd.congress.gov.ph › images › PDF Attachments2020 Philippine Economic Performance Facts

    The Philippine economy, as measured by the gross domestic product (GDP), contracted by 8.3 percent in the fourth quarter of 2020 from a growth of 6.7 percent in the same period in 2019. For the whole of 2020, GDP shrank by 9.5 percent from an expansion of 6.0 percent in 2019 (Figure 1).

  4. asia.nikkei.com › Economy › Philippines-GDP-shrinksPhilippines GDP shrinks 9.5% in 2020, worst since 1947

    Jan 28, 2021 · MANILA -- The Philippines ended the pandemic year of 2020 with its worst economic performance since the country began releasing growth data just after World War II in 1947, in what officials...

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  5. www.brookings.edu › articles › the-philippineThe Philippine economy under the pandemic: From Asian tiger ...

    Aug 2, 2021 · The Philippines’ economic growth faltered in 2020 — entering negative territory for the first time since 1999 — and the country experienced one of the deepest contractions in the Association of...

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  7. www.rappler.com › voices › thought-leaders[ANALYSIS] 7 charts that sum up how the PH economy endured 2020

    Dec 29, 2020 · Figure 1. What happened: The country’s total output, measured by gross domestic product (GDP), contracted by 10% in the first 9 months of this year, compared with the same period in 2019. That’s...

  8. countryeconomy.com › gdp › philippinesPhilippines GDP - Gross Domestic Product 2020 ...

    Gross Domestic Product of Philippines fell -9.5% in 2020 compared to last year. This rate is 156 -tenths of one percent less than the previous year, when changed 6.1%. The GDP figure in 2020 was $361,751 million, Philippines is number 35 in the ranking of GDP of the 196 countries that we publish.

  9. www.psa.gov.ph › sites › defaultECONOMIC PERFORMANCE OF THE PHILIPPINES

    Revised as of April 2021. Gross Domestic Product. The 2020 Gross Domestic Product (GDP) was revised to -9.6 percent. Gross National Income (GNI) and Net Primary Income (NPI) from the Rest of the World were revised to -11.4 percent and -30.1 percent, respectively. GDP Growth Rates by Major. GDP Growth Rates by Expenditure Items (in %)

  10. documents.worldbank.org › curated › enPHILIPPINES ECONOMIC UPDATE BRAVING THE NEW NORMAL

    The Philippine economy is projected to contract in 2020. Business sentiment weakened during the first quarter of 2020. Actual and projected $3.2-a-day poverty rates. Strengthening social assistance delivery through digital payments. Digital adoption index and sub-indices relative to world average How the Philippines Connects to the Internet

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