National Accounts of the Philippines - Highlights - Services

National Accounts of the Philippines

Untitled Document

 

2nd Quarter 2015
Gross National Income & Gross Domestic Product
by Industrial Origin

 

Gross Value Added in Services

Services, with a share of 57.7 percent to total GDP, contributed the most to GDP growth with 3.5 percentage points.  Major contributors to the sector’s growth were Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods, Other Services, and Real Estate, Renting, and Other Business Activities.

GROSS VALUE ADDED in SERVICES
2nd Quarter 2014 and 2nd Quarter 2015
AT CURRENT PRICES, IN MILLION PESOS

INDUSTRY/INDUSTRY GROUP Q2 2014 Q2 2015 Growth Rate
(%)
SERVICE SECTOR 1,847,158 1,989,473 7.7
a. Transportation, Storage and Communication 211,841 228,540 7.9
b. Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods 544,100 581,435 6.9
c. Financial Intermediation 261,644 281,385 7.5
d. Real Estate, Renting & Business Activity 392,642 430,397 9.6
e. Public Administration & Defense; Compulsory Social Security 137,095 136,410 -0.5
f. Other Services 299,835 331,307 10.5

 

GROSS VALUE ADDED in SERVICES
2nd Quarter 2014 and 2nd Quarter 2015
AT CONSTANT 2000 PRICES, IN MILLION PESOS

INDUSTRY/INDUSTRY GROUP Q2 2014 Q2 2015 Growth Rate
(%)
SERVICE SECTOR 1,050,348 1,115,233 6.2
a. Transportation, Storage and Communication 144,074 152,640 5.9
b. Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods 287,956 305,416 6.1
c. Financial Intermediation 136,690 144,619 5.8
d. Real Estate, Renting & Business Activity 209,839 224,034 6.8
e. Public Administration & Defense; Compulsory Social Security 82,918 82,685 -0.3
f. Other Services 188,872 205,841 9.0

 

 

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: 27 August 2015

 


 

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Updated 28 January 2016

Ver. 7.2014.234-11.04

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