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Philippine economy slows to 4% in Q3
The Freeman
|November 08, 2025
Corruption has dragged down the country’s economic growth to its slowest pace since the pandemic, according to the Philippine Statistics Authority (PSA) and the Department of Economy, Planning, and Development (DEPDev) on Friday, November 7.
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The country’s third-quarter performance yielded a gross domestic product (GDP) growth rate of 4.0%, the lowest under the term of President Ferdinand Marcos Jr. and the weakest since the pandemic, which saw a -3.8% rate in 2021.
Excluding the COVID-19 pandemic, the current GDP is the lowest since 2011, when the economy grew by only 3.0%.
The latest GDP rate also fell below the government's target of at least 5.5%. The government remains hopeful of recovering economic growth in the fourth quarter of 2025, when spending is expected to rise due to the holiday season.
Corruption woes
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