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The Philippine economy expanded by 2.8% year-over-year in the first quarter of 2026, slowing slightly from the 3.0% growth recorded in the fourth quarter of 2025. The data, updated on 07 May 2026, indicate a modest loss of momentum as overall activity cooled compared with the same period a year earlier.
On a year-over-year basis, the current figure reflects how output in the first quarter of 2026 compares with the first quarter of the previous year, while the earlier 3.0% reading measured fourth-quarter 2025 performance against the same quarter in 2024. The marginal dip in the annual growth rate suggests that, while the economy continues to expand, the pace of that expansion has moderated at the start of 2026.