The Land Transport Gross Value Added (GVA) in the Philippines is projected to rise steadily from PHP 470.58 billion in 2024 to PHP 527.15 billion in 2028. Comparing the values, this indicates a consistent annual increase in the sector's contribution to the economy. The year-on-year growth rates are as follows: 3.10% for 2025, 2.66% for 2026, 2.80% for 2027, and 2.67% for 2028. These figures show a robust positive trend maintained over the forecast period.
Notably, the Land Transport GVA for 2023 stood at PHP 456.58 billion, making the CAGR for the period from 2023 to 2028 approximately 3.01%, demonstrating steady growth prospects.
Future trends to watch in the Philippine land transport sector include the potential impacts of infrastructure investments, technological advancements in vehicle efficiency, and government policy shifts towards greener transportation initiatives. Additionally, urbanization and population growth are likely to continue driving demand in this sector.
