PHL Statistics Authority - 6.3% ang GDP growth sa 2nd quarter ng 2024 | Balitanghali
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NewsTranscript
00:00The gross domestic product or GDP growth of the Philippines increased by 6.3% in the second quarter of 2024.
00:08That's higher than 5.8% in the first quarter of the year,
00:12based on the data of the Philippine Statistics Authority.
00:15That's also the fastest in the last five quarters or since the second quarter of 2023.
00:22NEDA also added that the GDP growth of the Philippines is higher compared to other Asian countries such as Malaysia, Indonesia and China.
00:31The PSA said that the construction industry is the biggest contributor to GDP growth.
00:37It also added that the wholesale and retail trade became the financial and insurance activities.
00:44The GDP growth is based on the economic growth of the products and services in the country.
01:14For more UN videos visit www.un.org