The Philippines’ total savings in 2022 rose to P4.90 trillion amid further normalcy and economic reopening following the hard lockdowns during the peak of the COVID-19 pandemic, data released by the Philippine Statistics Authority (PSA) showed Thursday.
The Philippines’ total savings in 2022 rose to P4.90 trillion amid further normalcy and economic reopening following the hard lockdowns during the peak of the COVID-19 pandemic, data released by the Philippine Statistics Authority showed Thursday.
Broken down, non-financial corporations comprised the highest gross savings at P4.16 trillion, followed by financial corporations with P1.54 trillion savings. Likewise, the country’s gross national disposable income stood at P24.93 trillion, up 15.9% year-on-year.
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