National Accounts of the Philippines - Highlights - Services

National Accounts of the Philippines

Untitled Document

 

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

 

Gross Value Added in Services

Services still top economic driver

Services pushed Q1 growth with its 3.1 percentage point contribution to GDP.   Best performing sectors were Trade and Real estate, renting, and other business activities, which contributed 0.8 percentage point and 0.7 percentage point, respectively, to the 5.6 percent growth of Services.

 

GROSS VALUE ADDED in SERVICES
1st Quarter 2014 and 1st Quarter 2015
AT CURRENT PRICES, IN MILLION PESOS

INDUSTRY/INDUSTRY GROUP Q1 2014 Q1 2015 Growth Rate
(%)
SERVICE SECTOR 1,618,336 1,741,670 7.6
a. Transportation, Storage and Communication 186,112 205,815 10.6
b. Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods 468,343 496,922 6.1
c. Financial Intermediation 237,413 253,697 6.9
d. Real Estate, Renting & Business Activity 353,408 389,470 10.2
e. Public Administration & Defense; Compulsory Social Security 101,670 101,506 -0.2
f. Other Services 271,391 294,260 8.4

 

GROSS VALUE ADDED in SERVICES
1st Quarter 2014 and 1st Quarter 2015
AT CONSTANT 2000 PRICES, IN MILLION PESOS

INDUSTRY/INDUSTRY GROUP Q1 2014 Q1 2015 Growth Rate
(%)
SERVICE SECTOR 939,276 991,878 5.6
a. Transportation, Storage and Communication 129,949 141,104 8.6
b. Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods 254,757 268,528 5.4
c. Financial Intermediation 125,519 130,957 4.3
d. Real Estate, Renting & Business Activity 182,376 194,096 6.4
e. Public Administration & Defense; Compulsory Social Security 68,556 68,706 0.2
f. Other Services 178,120 188,487 5.8

 

 

GROSS VALUE ADDED in SERVICES
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
(%)
SERVICE SECTOR 6,649,415 7,245,708 9.0 3,824,369 4,051,499 5.9
a. Transportation, Storage and Communication 727,912 783,492 7.6 505,415 536,562 6.2
b. Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods 2,069,640 2,243,270 8.4 1,121,102 1,184,994 5.7
c. Financial Intermediation 885,136 988,894 11.7 480,683 515,484 7.2
d. Real Estate, Renting & Business Activity 1,374,403 1,553,387 13.0 738,788 803,241 8.7
e. Public Administration & Defense; Compulsory Social Security 486,005 503,110 3.5 282,323 292,441 3.6
f. Other Services 1,106,319 1,173,555 6.1 696,058 718,777 3.3

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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