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  • GNP growth rates by sector and expenditure

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    Joy Caliao
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    This document presents quarterly and annual percent changes in gross national product and its components for the Philippines from 2005 to 2006. It shows that: - Gross national product grew by 5.6% in 2005 and 6.2% in 2006. - The industrial sector grew by 4.9% in 2005 and 4.8% in 2006, with manufacturing growing by 5.6% and 5.4% respectively. - The service sector grew faster than the industrial sector both years, expanding by 6.4% in 2005 and 6.3% in 2006. Transport, communications and storage led growth within this sector. - Exports grew significantly faster than imports both years, expanding by 4.

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    Gross National Product

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    This document presents quarterly and annual percent changes in gross national product and its components for the Philippines from 2005 to 2006. It shows that: - Gross national product grew by 5.6% in 2005 and 6.2% in 2006. - The industrial sector grew by 4.9% in 2005 and 4.8% in 2006, with manufacturing growing by 5.6% and 5.4% respectively. - The service sector grew faster than the industrial sector both years, expanding by 6.4% in 2005 and 6.3% in 2006. Transport, communications and storage led growth within this sector. - Exports grew significantly faster than imports both years, expanding by 4.

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    28 views1 page

    GNP growth rates by sector and expenditure

    Uploaded by

    Joy Caliao
    This document presents quarterly and annual percent changes in gross national product and its components for the Philippines from 2005 to 2006. It shows that: - Gross national product grew by 5.6% in 2005 and 6.2% in 2006. - The industrial sector grew by 4.9% in 2005 and 4.8% in 2006, with manufacturing growing by 5.6% and 5.4% respectively. - The service sector grew faster than the industrial sector both years, expanding by 6.4% in 2005 and 6.3% in 2006. Transport, communications and storage led growth within this sector. - Exports grew significantly faster than imports both years, expanding by 4.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    of 1

    GROSS NATIONAL PRODUCT

    At Constant 1985 prices


    (Annual percent change)

    2005 2006
    Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY

    GROSS NATIONAL PRODUCT 4.9 5.8 4.8 6.9 5.6 6.5 6.7 5.8 5.9 6.2

    GROSS DOMESTIC PRODUCT 4.2 5.4 4.8 5.3 5.0 5.7 5.8 5.3 4.8 5.4

    Net factor income from abroad 12.9 9.4 4.9 26.9 13.5 15.2 16.2 11.2 18.3 15.4

    By Industrial Origin

    AGRI.FISHERY,FORESTRY -0.5 2.1 1.7 3.7 1.8 3.8 7.0 4.5 1.9 4.1
    Agriculture & Fishery -0.1 2.2 2.3 3.5 2.0 3.7 6.9 3.9 1.8 3.9
    Forestry -55.6 -10.6 -61.1 100.1 -31.3 47.5 28.4 171.8 24.4 59.8

    INDUSTRY SECTOR 3.4 5.8 5.3 4.9 4.9 5.7 5.6 4.8 3.3 4.8
    Mining & Quarrying -4.2 13.6 3.1 26.5 9.3 1.8 3.3 -5.1 -24.7 -6.0
    Manufacturing 4.9 5.8 5.7 5.9 5.6 6.3 5.9 5.1 4.4 5.4
    Construction -0.9 4.5 6.0 -6.5 0.9 4.8 5.2 3.5 4.7 4.6
    Elect,Gas and Water 2.0 3.2 1.8 2.8 2.5 4.7 4.9 7.5 8.3 6.4

    SERVICE SECTOR 7.0 6.4 5.6 6.4 6.4 6.5 5.6 6.0 7.0 6.3
    Transport., Comm., Stor. 10.7 7.0 4.0 7.3 7.2 6.7 5.3 6.7 8.0 6.7
    Trade 5.6 5.9 5.0 5.9 5.6 5.3 5.0 5.5 6.1 5.5
    Finance 12.5 11.7 19.0 11.5 13.6 14.6 10.0 5.5 8.3 9.5
    O. Dwellings & R. Estate 6.6 3.9 4.0 6.9 5.4 3.5 5.3 7.6 6.7 5.8
    Private Services 4.7 6.8 4.8 5.7 5.5 7.0 5.0 6.9 8.3 6.8
    Government Services 3.7 2.7 -0.1 1.2 1.9 3.1 4.0 3.4 5.2 3.9

    By Expenditure Shares

    Personal Consumption 5.0 4.8 4.9 5.0 4.9 5.6 5.4 5.2 5.6 5.5
    Government Consumption 2.2 12.4 -0.2 1.1 4.0 8.1 2.3 4.0 9.3 5.7

    Capital Formation -8.9 -4.1 -0.8 -9.1 -6.0 -1.9 1.4 6.1 3.4 2.1
    Fixed Capital -8.1 -2.5 0.0 -4.6 -3.9 0.3 -0.3 0.2 2.0 0.6
    Construction -2.9 2.1 4.5 -7.6 -0.9 2.3 3.5 2.0 3.3 2.8
    Public -13.3 -1.6 7.6 -12.0 -4.6 14.0 14.7 8.8 15.4 13.3
    Private 2.6 4.9 3.1 -5.4 1.2 -3.0 -4.6 -1.4 -2.4 -2.9
    Durable Equipment -12.3 -7.6 -4.1 -2.9 -7.1 -0.7 -4.1 -1.9 1.1 -1.4
    Breeding Stock & Orchard Dev't -0.1 2.5 -0.4 1.1 0.8 -1.4 -1.4 2.1 1.0 0.0

    Exports 1.4 1.6 6.7 6.3 4.2 12.5 20.4 9.3 7.2 12.1
    Merchandise Exports 3.1 1.9 6.0 5.1 4.2 11.4 21.7 10.3 8.7 12.9
    Non-Factor Services -7.3 0.2 12.0 12.9 4.2 18.4 13.4 1.7 -1.0 7.7

    Less : Imports -2.2 2.6 7.5 1.4 2.4 0.7 4.0 1.3 4.0 2.6
    Merchandise Imports -3.2 2.0 8.0 1.3 2.1 0.1 4.1 0.9 3.1 2.1
    Non-Factor Services 18.0 15.9 -2.7 3.8 8.3 10.3 3.1 9.0 19.4 10.9

    As of January 31, 2007


    Source: NSCB

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