The Land Transport Gross Value Added (GVA) in the Philippines is projected to see a steady decline from 2024 to 2028. The GVA is expected to decrease from 50.3 units in 2024 to 48.4 units in 2028, representing a consistent downward trend. In 2023, the value stood at 50.5 units. Year-on-year variations indicate a slight decline, with an average annual rate of change around -0.95% over the period from 2024 to 2028. The CAGR over this five-year period is approximately -1%.
Future trends to watch include advancements in transportation technology, changes in regulatory policies, and the potential impacts of fluctuations in fuel prices. Economic conditions and investments in infrastructure developments will also play a crucial role in shaping the land transport sector's performance.