Strong Q1 growth signals Phl economy’s resilience – DTI

The Department of Trade and Industry (DTI) last week highlighted the Philippine economy’s “robust resilience” in the first quarter of 2025, attributing the positive performance to strong consumer activity and vibrant contributions from key industries.

Trade Secretary Ma. Cristina Roque issued the statement following the release of gross domestic product (GDP) data showing a 5.4 percent growth for the January to March period, slightly improving on the 5.3 percent expansion recorded in the final quarter of 2024.

“Our focus remains on attracting high-quality investments in key sectors, ensuring consumer protection and empowering micro, small and medium enterprises and local industries,” Roque said.

“We are actively fostering a business-friendly environment that drives innovation, generates quality jobs, and enhances the local and global competitiveness of Philippine products and services.”

Roque reaffirmed the agency’s commitment to sustaining the country’s economic momentum while ensuring that gains translate into inclusive and sustainable development.

She also outlined DTI’s ongoing efforts to increase market access, simplify regulatory processes, and bolster targeted support for industries that drive innovation and employment.

Currently, the Philippines is negotiating free trade agreements with the United Arab Emirates and the European Union, while also studying the possibility of an FTA with Chile.

Roque emphasized that these initiatives aim to ensure that “benefits reach all Filipinos”.

“Through a whole-of-government strategy, we are confident in building a resilient and prosperous Bagong Pilipinas,” she said, adding that DTI remains open to stakeholder engagement and policy recalibration as necessary.