PHL's GDP grows 6.4% in Q1

May 18, 2017, 5:01 pm

PHL's GDP grows 6.4% in Q1

Socioeconomic Planning Secretary Ernesto M. Pernia (left) shows the economic performance growth rates, in percent in his presentation in a press conference on the Philippines' gross domestic product (GDP) held at Astoria Plaza, Ortigas Avenue, Pasig City on Thursday (May 18, 2017). The country posted a 6.4-percent GDP growth rate (GDP) in the first quarter of 2017. Net Primary Income from the rest of the world (NPI) slowed down by 3.9 percent compared with 9.4 percent growth recorded in the same quarter of the previous year. As a result, Gross National Income (GNI) posted a growth of 5.9 percent. Also in the photo is NEDA Deputy Director General Rosemarie G. Edillon. (PNA photos by Ben Briones)