Ekonomiya ng bansa, nanatiling matatag sa pagtatapos ng 2024 ayon sa PSA;

2 days ago

Ekonomiya ng bansa, nanatiling matatag sa pagtatapos ng 2024 ayon sa PSA;

GDP na 5.6%, naitala sa kabuuang taon ng 2024

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Transcript

00:00As the Philippine economy continues to grow in 2024,

00:04the gross domestic product of the country increased by 5.6%.

00:10And this year, according to the NEDA,

00:13the government will further strengthen the import and export.

00:18This is Christian Bascones of PTV in Balitang Pambansa.

00:24The country's economy became stable at the end of 2024.

00:29According to the data released by the Philippine Statistics Authority,

00:32although it was low compared to the fourth quarter gross domestic product or GDP

00:36of 2023, it increased by 5.5%.

00:40The GDP of 2024 was still stable in the third and fourth quarter,

00:45which both increased by 5.2%.

00:47In the whole year, the country had a GDP growth rate of 5.6%.

00:53A big help in year-on-year growth or GDP growth

00:56is wholesale and retail trade, motor vehicles and motorcycles repair,

01:01which is 5.5%.

01:038.5% came from financial and insurance aspects.

01:07And 7.8% came from construction and infrastructure.

01:13In the third quarter of last year,

01:15there were changes in the GDP of the country

01:18in the education sector from 2.6%.

01:21It increased by 4.1%.

01:24From 2.8%, it increased by 3% for manufacturing,

01:29while 9.1% came from 8.8% for financial and insurance activities.

01:36The country's gross national income or GNI

01:40remained at 6.8% in the third quarter of 2024.

01:43Due to many difficulties that the country went through in 2024,

01:47such as calamities,

01:49the country's economic growth slowed.

01:53According to Policy and Planning Undersecretary

01:55of the National Economic and Development Authority, ORNEDA,

01:59Rosemary G. Edilon,

02:01the government is focused on improving the economy

02:04this year through stronger trade and export.

02:09Just to clarify, it didn't slow down,

02:12because the growth wasn't negative.

02:14It was still positive.

02:17That's why there was moderation.

02:19Meanwhile, the economy of the Philippines

02:21is still strong compared to other countries

02:24throughout Asia.

02:26From PTB, Christian Vascones, Balitang Pambansa.

Ekonomiya ng bansa, nanatiling matatag sa pagtatapos ng 2024 ayon sa PSA;

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Transcript

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