National Accounts of the Philippines - Highlights - Exports of Services

National Accounts of the Philippines

Untitled Document

 

1st Quarter 2015
Gross National Income & Gross Domestic Product
by Expenditure Shares

 

Exports of Services

Export of Services decelerates

Exports of Services decelerated to 0.4 percent in the first quarter of 2015 from a growth of 6.6 percent during the same period last year. The growth of the sector was pulled down by the slowdown in Miscellaneous services, 0.5 percent from 7.2 percent; Transportation, negative 0.7 percent from 11.3 percent; and Travel, negative 0.2 percent from 3.3 percent.

On the other hand, Insurance rebounded to 12.4 percent from 1.7 percent while Government services grew at a slower pace by 5.1 percent from 8.0 percent.

EXPORTS OF SERVICES
1st Quarter 2014 and 1st Quarter 2015
AT CURRENT PRICES, IN MILLION PESOS

ITEMS Q1 2014 Q1 2015 Growth Rate (%)
EXPORTS OF SERVICES 344,519 355,401 3.2
       
    Transportation 17,216 18,834 9.4
    Insurance 315 362 15.1
    Travel 64,468 65,880 2.2
     Government 3,225 3,452 7.0
    Miscellaneous services 259,295 266,872 2.9

 

EXPORTS OF SERVICES
1st Quarter 2014 and 1st Quarter 2015
AT CONSTANT 2000 PRICES, IN MILLION PESOS

ITEMS Q1 2014 Q1 2015 Growth Rate (%)
EXPORTS OF SERVICES 180,107 180,759 0.4
       
    Transportation 7,416 7,363 -0.7
    Insurance 166 186 12.4
    Travel 34,000 33,923 -0.2
     Government 1,777 1,867 5.1
    Miscellaneous services 136,748 137,419 0.5

 

EXPORTS OF SERVICES
Annual 2013 and 2014
AT CURRENT AND CONSTANT 2000 PRICES, IN MILLION PESOS

ITEMS At Current Prices At Constant Prices
2013 2014 Growth Rate
(%)
2013 2014 Growth Rate
(%)
EXPORTS OF SERVICES 1,128,516 1,236,009 9.5 607,045 639,511 5.3
 
    Transportation 69,368 77,334 11.5 31,059 34,762 11.9
    Insurance 1,441 1,688 17.2 780 878 12.5
    Travel 202,087 232,376 15.0 109,888 121,221 10.3
    Government 12,454 13,894 11.6 7,003 7,568 8.1
    Miscellaneous
    services
843,167 910,717 8.0 458,315 475,082 3.7

Source: Philippine Statistics Authority

Posted: 28 May 2015


 

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Updated 28 January 2016

Ver. 7.2014.234-11.04

1997-2015, Philippine Statistics Authority, East Avenue, Quezon City, Philippines