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Broad growth has taken place in the sector as most of its sub-sectors have also registered consistently rising growth rates over the years. For the 2010 to 2014 period, it posted a very modest growth rate of 6.6%. On the average, the sector has grown continuously, particularly in the last two decades, as its growth increased from 4% in the 1990s to 5.3% in the 2000s. Since the 1990s, the services sector has been a major source of economic growth for the Philippines.
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