Announcement
Revised Q1 2015 lower at 5.0 percent
(Posted 26 August 2015)
The Philippine Statistics Authority reports that the 2015 first quarter Gross Domestic Product (GDP) growth figure was revised downward from 5.2 percent to 5.0 percent. This was due to downward revisions in Public Administration and Defense; Mining and Quarrying; and Agriculture, Hunting, Forestry and Fishing.
Relatedly, Net Primary Income for the first quarter was revised downwards from 2.7 percent to 0.8 percent. This contributed negative 0.35 percentage point to the downward revision of Gross National Income from 4.7 percent to 4.2 percent. Please see link below for a complete tabulation of the revisions.
The PSA revises the GDP estimates based on a revision policy approved by the former NSCB Executive Board, which is consistent with international standard practices on national accounts revisions.
For more inquiries, please contact OIC Assistant National Statistician Raymundo J. Talento at telephone number 376-1947 or e-mail address r.talento@psa.gov.ph or rjtalento@yahoo.com
Download:
Revised 1st Quarter 2015 National Accounts - All Files [
425 KB ]
425 KB ]
Related Link:
National Accounts of the Philippines Home Page
