PHL economy grows 6.2 percent in third quarter of 2019

(Eagle News) — The Philippine economy grew 6.2 percent in the third quarter of 2019, the government reported on Thursday, Nov. 7.

According to data provided by the Philippine Statistics Authority, this was 0.2 percent higher than the 6.0 percent economic growth recorded in the third quarter in 2018.

It is also higher than the 5.5 percent growth recorded in the second quarter.

The PSA said net primary income from the rest of the world and gross national income had corresponding growths of 2.9 percent and 5.6 percent.

Per capita gross domestic product, the PSA said, also grew by 4.5 percent with the country’s projected population reaching 108.3 million in the third quarter of this year.

Per capita GNI also grew 4.0 percent, while per capita household final consumption expenditure increased 4.3 percent. With a report from Meanne Corvera