Philippines Economy in a Snapshot Q2 2021 Report

What does this quarterly economic report offer? 


Philippines Economy in a Snapshot is a quarterly publicatiŠ¾n produced by the CEIC Macroeconomic Research Team. The report is designed to provide a comprehensive, albeit concise overview of the current economic and financial developments. The Philippines Economy in a Snapshot report is produced using data from CEIC's Global Database.


The economy continued to contract at a strong pace in Q1 2021, with real GDP declining by 4.2% y/y, despite slowing from an 8.3% y/y drop in Q4 2020. The economy was supported by growth in government consumption, but all other major demand components declined. 


This report provides detailed sets of analysis, with a focus on the following macroeconomic groupings:

  • Philippines' economic outlook
  • Real Sector
  • Monetary and Financial Sector
  • Fiscal Sector
  • External Sector