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NewsTranscript
00:00The gross domestic product or GDP growth of the Philippines remained at 5.2% in the last quarter of 2024.
00:07Based on the data of the Philippine Statistics Authority,
00:10it was the same as the third quarter, which was the lowest in 2024.
00:14In total, the GDP growth was 5.6% in the whole year.
00:18That's faster than 5.3% in 2023, but it did not reach the 6% target of the government in 2024.
00:27According to the PSA, the construction industries, financial and insurance activities,
00:32and wholesale and retail trade are among the largest to be affected by the economy in 2024.
00:39The agricultural sector decreased by 1.6% last year.
00:57For more UN videos visit www.un.org