Announcement

 

Revised Q1 2015 lower at 5.0 percent

 

 

 

 

 

 

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:

1 Revised 1st Quarter 2015 National Accounts - All Files  [1 425 KB ]
1 Revised 1st Quarter 2015 National Accounts - Summary Table  [1 425 KB ]

 


 

Related Link:

1 National Accounts of the Philippines Home Page

 

 


 

The PSA Office
PSA CVEA Building,
East Avenue, Quezon City
Tel. No. (632) 462-6600; Fax No. (632) 462-6600
URL: http://psa.gov.ph
E-mail: info@psa.gov.ph

 

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