National Accounts of the Philippines - Highlights - Household Final Consumption Expenditure

National Accounts of the Philippines

Untitled Document

 

2nd Quarter 2015
Gross National Income & Gross Domestic Product
by Expenditure Shares

 

Household Final Consumption Expenditure

Household Final Consumption Expenditure (HFCE) accelerates

Total household spending accelerated to 6.2 percent in Q2 2015 from last year’s 5.7.percent.  The lower consumer prices of household goods and services encouraged higher household spending or consumption for the second quarter of 2015.

Food and non-alcoholic beverages, accounting for 40.9 percent of total HFCE, posted a growth of 5.6 percent from previous year’s 4.4 percent.
Aside from expenditures in Food and non-alcoholic beverages, other top contributors to the positive growth of HFCE were: Miscellaneous goods and services, 10.5.percent from 6.3 percent; Transport, 9.5 percent from 12.3 percent; and  Housing, water, electricity, gas and other fuels, 4.8 percent from 5.5 percent.

However, the least contributors to total HFCE growth were household expenditures in Alcoholic beverages and tobacco and Furnishings, household equipment and routine household maintenance, which both slowed down from 14.8 percent and 5.0 percent to 0.1 percent and 0.4 percent, respectively.

HOUSEHOLD FINAL CONSUMPTION EXPENDITURE
2nd Quarter 2014 and 2nd Quarter 2015
AT CURRENT PRICES, IN MILLION PESOS

ITEM Q2 2014 Q2 2015 Growth Rate (%)
HOUSEHOLD FINAL CONSUMPTION EXPENDITURE 2,246,112 2,402,440 7.0
       
  1. Food and Non-alcoholic beverages 938,531 1,006,085 7.2
  2. Alcoholic beverages, Tobacco 31,726 32,968 3.9
  3. Clothing and Footwear 32,985 36,358 10.2
  4. Housing, water, electricity, gas and other fuels 293,200 304,068 3.7
  5. Furnishings, household equipment and routine household maintenance 88,126 90,404 2.6
  6. Health 59,901 66,717 11.4
  7. Transport 252,356 278,538 10.4
  8. Communication 70,127 73,788 5.2
  9.  Recreation and culture 37,371 41,201 10.2
10.  Education 84,923 90,911 7.1
11.  Restaurants and hotels 77,990 82,714 6.1
12.  Miscellaneous goods and services 278,876 298,687 7.1

 

HOUSEHOLD FINAL CONSUMPTION EXPENDITURE
2nd Quarter 2014 and 2nd Quarter 2015
AT CONSTANT 2000 PRICES, IN MILLION PESOS

ITEM Q2 2014 Q2 2015 Growth Rate (%)
HOUSEHOLD FINAL CONSUMPTION EXPENDITURE 1,213,137 1,288,074 6.2
       
  1. Food and Non-alcoholic beverages 498,576 526,564 5.6
  2. Alcoholic beverages, Tobacco 17,547 17,569 0.1
  3. Clothing and Footwear 19,564 21,015 7.4
  4. Housing, water, electricity, gas and other fuels 142,321 149,222 4.8
  5. Furnishings, household equipment and routine household maintenance 66,539 66,832 0.4
  6. Health 29,573 32,210 8.9
  7. Transport 111,643 122,248 9.5
  8. Communication 65,371 68,883 5.4
  9.  Recreation and culture 25,983 28,331 9.0
10.  Education 35,090 35,903 2.3
11.  Restaurants and hotels 48,569 51,001 5.0
12.  Miscellaneous goods and services 152,361 168,295 10.5

 

HOUSEHOLD FINAL CONSUMPTION EXPENDITURE
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
(%)
HOUSEHOLD FINAL CONSUMPTION EXPENDITURE 8,463,826 9,156,446 8.2 4,692,438 4,947,000 5.4
             
  1. Food and Non-alcoholic beverages 3,602,777 3,870,513 7.4 1,963,521 2,054,488 4.6
  2. Alcoholic beverages, Tobacco 110,059 126,588 15.0 63,540 70,094 10.3
  3. Clothing and Footwear 116,635 127,205 9.1 75,625 79,742 5.4
  4. Housing, water, electricity, gas and other fuels 1,062,100 1,139,379 7.3 519,375 542,339 4.4
  5. Furnishings, household equipment and routine household maintenance 326,101 350,161 7.4 249,442 261,555 4.9
  6. Health 222,833 255,163 14.5 109,462 123,165 12.5
  7. Transport 894,369 1,002,999 12.1 385,344 426,471 10.7
  8. Communication 264,863 276,202 4.3 251,544 259,582 3.2
  9.  Recreation and culture 154,391 165,846 7.4 108,269 113,863 5.2
10.  Education 331,844 364,078 9.7 144,937 152,403 5.2
11.  Restaurants and hotels 318,553 345,168 8.4 195,181 208,068 6.6
12.  Miscellaneous goods and services 1,059,301 1,133,144 7.0 626,197 655,230 4.6

Source: Philippine Statistics Authority

Posted: 27 August 2015


 

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