The National Economic and Development Authority (NEDA) said that the country’s exports are beginning to contribute more to growth, saying that for the third quarter alone, the 5.3 percent GDP growth was fueled by the 125.7 percent expansion in net exports, or the difference between a country’s total value of exports and total value of imports. Net exports for the quarter contributed 2.1 percentage points to three-month GDP figure.
Growth largely came from exports of manufactured items, metals and forest products.
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