The economy posted a development of 7.6 percent in 2022, according to the hottest knowledge unveiled by the Philippine Studies Authority (PSA).
On Thursday, the PSA also mentioned GDP grew 7.2 % in the Oct to December period of time in 2022.
PSA reported Field and Products and services posted good growths in the fourth quarter of 2022 with 4.8 p.c and 9.8 percent, respectively.
Even so, Agriculture, forestry, and fishing (AFF) posted a contraction of -.3 p.c.
In 2022, AFF, Field, and Expert services all posted good growths with .5 per cent, 6.7 percent, and 9.2 p.c, respectively.
On the need aspect, PSA said Home Ultimate Usage Expenditure (HFCE) grew by 7 per cent in the fourth quarter of 2022.
Govt Last Consumption Expenditure (GFCE) posted a progress of 3.3 per cent Gross capital development, 5.9 percent Exports of merchandise and services, 14.6 percent and Imports of products and expert services, 5.9 % have been other sources of advancement for the quarter.
In 2022, HFCE grew by 8.3 per cent GFCE, 5 percent Gross funds development, 16.8 per cent Exports of goods and solutions, 10.7 p.c and Imports of items and companies, 13.1 %.
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