Under President Ferdinand R. Marcos Jr.’s administration, the Philippine economy continues its steady growth, driven by a tourism rebound, rising consumer spending, and ongoing infrastructure investments through the “Build Better More” program.

The Department of Tourism reported that local and foreign tourists are returning in large numbers, thus helping create more jobs and boosting businesses like hotels, transport, and shops.

In 2024, the country welcomed 5.9 million international visitors, 91% foreigners. According to the Department of Tourism, this was an increase of 0.5 million compared to the 5.4 million international arrivals recorded in 2023.

“With these figures, it is clear that Philippine tourism is not only bouncing back but also growing and contributing to our economy,” Tourism Secretary Christina Garcia Frasco said.

Filipino families also spend more on essentials like food, transportation, health, and dining out. Steady jobs and remittances from overseas Filipino workers drove consumer spending.

The Philippine Statistics Authority (PSA) said household spending helped drive the country’s economic growth in the first quarter of 2025.

The main drivers of household spending growth were higher expenses on food and non-alcoholic drinks (4.5%), transport (8.5%), miscellaneous goods and services (4.7%), restaurants and hotels (6.0%), and health (9.8%).

Meanwhile, under the ‘Build Better More’ program, the government continues to invest in roads, bridges, transport systems, internet access, and energy facilities—projects that improve daily life and prepare the country for future growth.

These key drivers—tourism, consumer spending, and infrastructure—show that the Philippines under the Marcos administration is on the right track toward a stronger, more resilient, and inclusive economy. | PND