In 2023, the Philippines experienced a notable rebound in GNI, with growth rates ranging from 8.

6% to
12.1% across different quarters, reaching its highest growth rate of 12.1% in the third quarter and
achieving 11.1% in the fourth quarter of December 2023, resulting in a full-year growth rate of 10.5%
(Philippine Statistics Authority, n.d.).

Jim, growth rate yung nilagay kong graph sa GNI pero if may nakita kang graph ng amount lagay mo
nalang din

Looking at the GNI growth rate for 2019, the Philippine economy started the year at 5.4% in Q1. It then
increased to 8.1% in Q2, which was the highest growth rate for the entire period shown in the graph
(2019-2023 Q3). The growth rate dipped in Q3 to 2.8% before recovering slightly to 6.7% at the end of
the year (Q4). Overall, the Philippine economy experienced a positive GNI growth rate in only 2 out of 4
quarters in 2019 (Philippine Statistics Authority National Accounts, 2023).

Philippine Statistics Authority. (2023). Republic of the Philippines. https://psa.gov.ph/statistics/national-

accounts/sector3/net_primary_income