The Land Transport Gross Value Added (GVA) in the Philippines stood at "xx.x" in 2023. Forecast values show a decreasing trend in the sector's GVA from 2024 to 2028. Starting at 47.9 in 2024, the sector's value is expected to decrease to 45.2 by 2028, marking a consistent year-on-year decline. This represents an average annual decline of approximately -1.5% over the five-year period.
Future trends to watch for:
- Impact of infrastructure projects on transport efficiency
- Adoption of sustainable and eco-friendly transportation methods
- Economic policies affecting fuel prices and transportation costs
- Technological advancements in transportation and logistics
- Shifts in consumer transportation preferences
