PH GDP growth rate in Q3 2023 up 6%
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00:00 The growth rate of Gross Domestic Product, or GDP, for the third quarter of 2023 has
00:05 been adjusted to 6 percent, surpassing the preliminary estimate of 5.9 percent. Key factors
00:12 contributing to this upward revision include increased figures in manufacturing, financial
00:18 and insurance activities, and accommodation and food service activities. The Gross National
00:23 Income, or GNI, maintained a steady annual growth rate of 12.1 percent. Simultaneously,
00:30 the annual growth of the Net Primary Income, or NPI, from the rest of the world saw a marginal
00:37 downward revision, adjusting from 112.5 percent to 111.6 percent.