![]() |
![]() |
||
Rise of Leading Economic Indicator (LEI) slows down in the third quarter The composite leading economic indicator (LEI) continued to rise in the third quarter of 2010 but at a pace not as remarkable as in the first two quarters of the year. The Q3 2010 LEI improved to negative 0.037 from a revised negative 0.090 in the second quarter of 2010.
Despite the El Niño phenomenon that scorched the Agriculture sector, a synergistic confluence of factors resulted in two consecutive quarters of GDP growth of over 7.0 percent. The peaceful national elections, improved investors confidence especially among local investors, the global economic recovery, increased capital expenditure of government and a low base fueled the domestic economy to a scintillating 7.9 percent growth in the second quarter of 2010 from 1.2 percent last year. The last time we experienced two consecutive quarters of more than 7 percent GDP growth was in the first and second quarters 2004 (7,2 percent and 7.1 percent, respectively), also preceding a presidential election. Together with an upwardly revised first quarter GDP growth of 7.8 percent (from 7.3 percent), the first semester sizzled to a 7.9 percent GDP growth, the highest semestral growth since 9.3 percent in the second semester of 1988.
Total foreign direct investments (FDI) approved by the Board of Investments (BOI), Clark Development Corporation (CDC), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA) in the second quarter of 2010 declined by 31.0 percent after posting two consecutive quarters of increase. Total FDI amounted PhP 13.8 billion from PhP 19.9 billion registered in the same period last year.
In 2009, out of the 17 regions in the country, 13 regions posted positive growths while four regions recorded reversals. Bicol Region’s economy posted the highest growth rate at 8.2 percent while CALABARZON recorded the worst growth rate of negative 1.6 percent.
The country’s total health expenditure showed improvements from 2005 to
2007,
|
|
|
The NSCB Annual Report presents the agency’s accomplishments during the year and all other relevant information about the NSCB such as the agency profile, summary of outputs, significant achievements, manpower and financial resources and the listing of its Technical Staff and The Executive Board. |
The Philippine Statistical Yearbook (PSY) presents in time-series, historical information about the country’s macro and micro environment. These statistics are taken from the surveys and censuses conducted by statistical agencies, the records of administrative and regulatory agencies of the government, as well as the data compiled by local and international organizations. |
| StatWatch |
GDP Growth |
7.9% 0.9% |
| GNP Growth (2nd Qtr 2010) (Annual 2009) |
7.9% 3.0% |
Poverty Incidence |
26.9% 32.9% |
| Annual Per Capita Poverty Threshold (2006) |
15,057 |
Headline Inflation Rate |
3.9% |
Population |
94.0 M |
Geo-Political Subdivisions |
17 80 138 1,496 42,025 |
The NSCB Central Office Tel. No. (632) 895-2767 Updated 2 September 2010 |
| Terms of Use | ||||
| 1997-2010, National Statistical Coordination Board Makati City, Philippines |