Department of Trade and Industry (DTI) Secretary Cristina Roque said the 5.4 percent economic growth in the first quarter of the year is a testament to the economy’s “robust resilience,” fueled by strong consumer spending and industry contributions.

Roque, who heads the government agency facilitating the country’s trade, industry, and investment activities, said the positive performance of the economy is founded upon the dedication of Filipino businesses and consumers.

She said the DTI is committed to building on this momentum throughout the year by harnessing strategic initiatives focusing on inclusive and sustainable economic expansion.

The Philippine Statistics Authority (PSA) reported on Thursday, May 8, that the gross domestic product (GDP) grew 5.4 percent in the first three months of 2025.

While this figure is faster than the 5.3 percent growth in the fourth quarter of 2024, it was weaker than the 5.9 percent recorded in the same period last year.

It likewise fell short of the government’s six percent to eight percent growth target.

As a boon for the economy, Roque said attracting high-quality investments in key sectors will be a key focus for the government moving forward.

Growth will also be driven by ensuring consumer protection and empowering micro, small, and medium enterprises (MSMEs) and local industries.

“We are actively fostering a business-friendly environment that drives innovation, generates quality jobs, and enhances the local and global competitiveness of Philippine products and services,” said Roque.

“By expanding market access, streamlining processes and providing targeted support to industries, we [will] ensure that benefits reach all Filipinos,” she added.

The Marcos administration has been ramping up efforts to promote the Philippines as an attractive destination for foreign investments, aiming to stimulate growth across a wide range of industries. 

Roque earlier told reporters that she is set for a trade mission in Japan and South Korea later this month as a move to capture investor interest and strengthen trade relationships.

With the current complexities in the global economy, such as that of the tariffs imposed by the United States (US), she said the government is responding with “strategic focus and a commitment to open communication.”

The DTI chief recently participated in a dialogue with US trade officials in Washington, DC, to address a wide range of concerns, including the highly contentious tariffs.

When sought for comment, Roque said the meeting “went very well” and that the country’s assertions “were well received.”

Early this month, she told reporters that the goal of the dialogue was to potentially lower the 17-percent tariffs slapped on Philippine goods by the US.

With the GDP growth still seen to be on track with the government’s target, Roque said her department will continue to monitor trends, engage stakeholders, and adapt policies to ensure a sustainable growth “that leaves no one behind.” 

“Through a whole-of-government strategy, we are confident in building a resilient and prosperous Bagong Pilipinas (New Philippines),” she said.