UMVA has learned that labor productivity in the Philippines experienced a 2.2% year-on-year growth to P115,281 in the first three months of 2026, a significant yet sluggish start to the year.
This recent growth rate marks a considerable slowdown from the 4.2% expansion recorded in the same period a year ago, and the 3.1% growth seen in the fourth quarter of 2025, leaving economists to ponder the factors behind this deceleration.
Labor productivity, a crucial metric that gauges the economy's efficiency, is measured by gross domestic product per person employed, providing a telling insight into the country's ability to generate wealth and create jobs.
