via Inquirer Mobile: http://inqm.news/sclg
By Ronnel W. Domingo
January 26, 2023 03:46:00
The Philippines’ gross domestic product (GDP) grew by 7.2 percent in the fourth quarter of 2022, resulting in a 7.6 percent full-year growth, according to the Philippine Statistics Authority.
The preliminary figure for 2022 surpasses the government’s target GDP growth range of 6.5 percent to 7.5 percent.
National Statistician Dennis Mapa said in a press briefing that the main contributors to the fourth quarter 2022 growth were wholesale and retail trade and repair of motor vehicles and motorcycles; financial and insurance activities; and manufacturing.
For the full year, the industries that contributed the most to the annual growth were: Wholesale and retail trade, and repair of motor vehicles and motorcycles; manufacturing; and construction.
In 2022, the industry sector grew by 6.7 percent, services sector by 9.2 percent, and agriculture, forestry and fishing sector by 0.5 percent.
Economic Planning Secretary Arsenio Balisacan attributed the stellar fourth-quarter performance to pent up demand following the lifting of pandemic restrictions and full reopening in the last three months of the year.
“We are confident that we will remain in our high growth trajectory,” Baliscan told a media briefing.
He said China’s reopening was sure to be a boon for the Philippine economy, while protecting the purchasing power of Filipinos and ensuring food security would remain priorities for the government.–With a report from Reuters
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
June 6: Migrant Workers Day
June 19: Filipino Youth Day
June 25: Day of the Filipino Seafarer
