Solar power booms in Philippines as war on Iran spikes energy costs
With Southeast Asia's largest electricity bills rising even higher, Filipinos invest in rooftop panels.
Source: Al Jazeera English
The latest market, economy, central-bank, policy and company stories from Philippines, updated every 15 minutes. Last updated 19 October 2026.
| GDP growth (2025) | 4.4% | Fast growth. |
| Inflation (2025) | 1.7% | Close to the ~2% most central banks aim for. |
| Unemployment (2025) | 2.2% | Low: the job market is tight. |
| GDP per person (2025) | $4,171 | Average output per person: a rough measure of how wealthy a country is. |
| Current account (2025) | -3.3% of GDP | Deficit: spends more abroad than it earns, so it relies on foreign money. |
| Exports (2025) | 26.6% of GDP | An open, trading economy. |
Latest official annual figures from World Bank Open Data (CC BY 4.0). Context, not a forecast or financial advice.
With Southeast Asia's largest electricity bills rising even higher, Filipinos invest in rooftop panels.
China and the Philippines recently traded accusations over the medical evacuation of a Philippine serviceman from a grounded naval vessel in the hotly disputed Second Thomas Shoal in the South China Sea. The incident has sparked renewed worries about potential armed skirmishes in a global artery of trade.