National Accounts of the Philippines - Highlights - GNI and GDP by Expenditure Shares

National Accounts of the Philippines

Untitled Document

 

1st Quarter 2015
Gross National Income & Gross Domestic Product

 

by Expenditure Shares

GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT
BY TYPE OF EXPENDITURE
1st Quarter 2014 and 1st Quarter 2015
AT CURRENT AND CONSTANT 2000 PRICES, IN MILLION PESOS

 

At Current Prices

TYPE OF EXPENDITURE Q1 2014 Q1 2015 Growth Rate
(%)
       
1. Household Final Consumption Expenditure 2,131,350 2,282,484 7.1
2. Government Final Consumption Expenditure 300,365 320,286 6.6
     
3. Capital Formation 617,614 603,120 -2.3
   A. Fixed Capital 645,006 652,751 1.2
      1. Construction 314,540 335,533 6.7
      2. Durable Equipment 277,065 263,056 -5.1
      3. Breeding Stock & Orchard Dev't 42,391 41,884 -1.2
      4. Intellectual Property Products 11,010 12,278 11.5
   B. Changes in Inventories -27,392 -49,631  
        
4. Exports 910,479 886,172 -2.7
   A. Exports of Goods 565,960 530,771 -6.2
   B. Exports of Services 344,519 355,401 3.2
     
5. Less : Imports 1,059,239 1,025,062 -3.2
   A. Imports of Goods 824,239 775,323 -5.9
   B. Imports of Services 234,999 249,739 6.3
       
6. Statistical Discrepancy -21,088 -30,005  
       
GROSS DOMESTIC PRODUCT 2,879,481 3,036,995 5.5
       
Net Primary Income from the rest of the world 670,967 685,745  
       
GROSS NATIONAL INCOME 3,550,448 3,722,740 4.9

 

At Constant 2000 Prices

TYPE OF EXPENDITURE Q1 2014 Q1 2015 Growth Rate
(%)
       
1. Household Final Consumption Expenditure 1,159,901 1,222,122 5.4
2. Government Final Consumption Expenditure 182,405 191,164 4.8
     
3. Capital Formation 368,527 412,165 11.8
   A. Fixed Capital 375,761 413,894 10.1
      1. Construction 138,762 146,714 5.7
      2. Durable Equipment 201,163 229,883 14.3
      3. Breeding Stock & Orchard Dev't 26,106 26,123 0.1
      4. Intellectual Property Products 9,731 11,175 14.8
   B. Changes in Inventories -7,234 -1,729  
        
4. Exports 807,442 815,568 1.0
   A. Exports of Goods 627,335 634,809 1.2
   B. Exports of Services 180,107 180,759 0.4
 
5. Less : Imports 846,245 884,917 4.6
   A. Imports of Goods 658,634 674,963 2.5
   B. Imports of Services 187,612 209,954 11.9
       
6. Statistical Discrepancy 9,476 12,087  
       
GROSS DOMESTIC PRODUCT 1,681,505 1,768,189 5.2
       
Net Primary Income from the rest of the world 374,674 384,832  
       
GROSS NATIONAL INCOME 2,056,179 2,153,020 4.7

 

 

GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT
BY TYPE OF EXPENDITURE: Annual 2013 and 2014
AT CURRENT AND CONSTANT 2000 PRICES, IN MILLION PESOS

TYPE OF EXPENDITURE At Current Prices At Constant Prices
2013 2014 Growth Rate
(%)
2013 2014 Growth Rate
(%)
1. Household Final Consumption Expenditure 8,463,826 9,156,446 8.2 4,692,438 4,947,000 5.4
2. Government Final Consumption Expenditure 1,250,814 1,314,482 5.1 705,811 718,096 1.7
             
3. Capital Formation 2,313,405 2,643,871 14.3 1,487,902 1,568,346 5.4
   A. Fixed Capital 2,369,292 2,627,172 10.9 1,441,475 1,539,125 6.8
      1. Construction 1,261,129 1,436,803 13.9 586,731 650,615 10.9
      2. Durable Equipment 885,836 975,857 10.2 720,937 747,910 3.7
      3. Breeding Stock &
          Orchard Dev't
177,593 162,767 -8.3 96,063 95,411 -0.7
     4. Intellectual
          Property Products 
44,735 51,745 15.7 37,744 45,189 19.7
   B. Changes in
           Inventories
-55,886 16,699   46,428 29,221
             
4. Exports 3,232,795 3,623,352 12.1 3,024,867 3,365,953 11.3
   A. Exports of Goods 2,104,278 2,387,344 13.5 2,417,822 2,726,442 12.8
   B. Exports of Services 1,128,516 1,236,009 9.5 607,045 639,511 5.3
   
5. Less: Imports 3,718,554 4,095,414 10.1 3,160,940 3,435,378 8.7
   A. Imports of Goods 2,914,119 3,185,022 9.3 2,501,608 2,716,287 8.6
   B. Imports of Services 804,435 910,392 13.2 659,332 719,091 9.1
             
6. Statistical  Discrepancy 0 0   0 0  
             
GROSS DOMESTIC PRODUCT 11,542,286 12,642,736 9.5 6,750,079 7,164,017 6.1
             
Net Primary Income 2,506,986 2,684,599 1,418,689 1,476,628
             
GROSS NATIONAL INCOME 14,049,272 15,327,336 9.1 8,168,768 8,640,645 5.8

Source: Philippine Statistics Authority

Posted: 28 May 2015


 

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Updated 28 January 2016

Ver. 7.2014.234-11.04

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