Philippine Standard time

Sustaining the Growth Momentum


The country sustained its growth momentum in 2016 as gross domestic product (GDP) accelerated to 6.8 percent from 5.9 percent in 2015, further improving on the 6.2 percent average growth rate recorded during the previous administration. While this is lower than the 7.0 percent to 8.0 percent target identified in the MTPDP 2011-2016, it is the highest seven-year average growth recorded by the country. On the other hand, gross national income (GNI) which takes into account net primary income recorded an average growth of 6.2 percent for the same period.


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