National Accounts of the Philippines - Highlights - Real Estate, Renting and Business Activities

National Accounts of the Philippines

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1st Quarter 2015
Gross National Income & Gross Domestic Product
by Industrial Origin

 

Gross Value Added in Real Estate, Renting and Business Activities

Real Estate, Renting & Business Activities (RERBA) decelerates

RERBA decelerated to 6.4 percent in Q1 2015 compared to the 10.2 percent growth posted in the same period last year.  The slowdown was due to the decelerating growth of Renting and other business activities, which grew by only 5.0 percent from 20.1 percent a year ago.

On the other hand, Real estate and ownership of dwellings accelerated to 15.2 percent and 2.4 percent from 11.7 percent and 0.8 percent, respectively.

GROSS VALUE ADDED in REAL ESTATE, RENTING & BUSINESS ACTIVITIES
1st Quarter 2014 and 1st Quarter 2015
AT CURRENT PRICES, IN MILLION PESOS

INDUSTRY/INDUSTRY GROUP Q1 2014 Q1 2015 Growth Rate (%)
       
1. Real Estate 81,467 96,146 18.0
2. Renting and other Business Activities 163,497 178,901 9.4
3. Ownership of Dwellings 108,444 114,423 5.5
       
GROSS VALUE ADDED IN REAL ESTATE, RENTING & BUSINESS ACTIVITIES 353,408 389,470 10.2

 

GROSS VALUE ADDED in REAL ESTATE, RENTING & BUSINESS ACTIVITIES
1st Quarter 2014 and 1st Quarter 2015
AT CONSTANT 2000 PRICES, IN MILLION PESOS

INDUSTRY/INDUSTRY GROUP Q1 2014 Q1 2015 Growth Rate (%)
       
1. Real Estate 42,449 48,914 15.2
2. Renting and other Business Activities 70,919 74,493 5.0
3. Ownership of Dwellings 69,008 70,690 2.4
       
GROSS VALUE ADDED IN REAL ESTATE, RENTING & BUSINESS ACTIVITIES 182,376 194,096 6.4

 

GROSS VALUE ADDED in REAL ESTATE, RENTING & BUSINESS ACTIVITIES
Annual 2013 and 2014
AT CURRENT AND CONSTANT 2000 PRICES, IN MILLION PESOS

INDUSTRY/INDUSTRY GROUP At Current Prices At Constant Prices
2013 2014 Growth Rate
(%)
2013 2014 Growth Rate
(%)
             
1. Real Estate 323,213 369,145 14.2 173,658 190,376 9.6
2. Renting and other Business Activities 624,034 744,840 19.4 292,730 337,598 15.3
3. Ownership of Dwellings 427,156 439,403 2.9 272,399 275,267 1.1
             
GROSS VALUE ADDED IN REAL ESTATE, RENTING & BUSINESS ACTIVITIES 1,374,403 1,553,387 13.0 738,788 803,241 8.7

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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