NSCB - First to Third Quarter 2002 GNP

Per Capita
Gross Domestic Product, Gross National Product and
Personal Consumption Expenditure

Consumer spending sustained its growth in the first three quarters of 2002, contributing 2.8 percentage points to the 4.2% GNP growth. Spurred by increased expenditures on food, transportation and communication and miscellaneous services, Personal Consumption Expenditure accelerated to 3.7% from last year’s 3.5% increase.

PER CAPITA: GROSS DOMESTIC PRODUCT, GROSS NATIONAL PRODUCT, and PERSONAL CONSUMPTION EXPENDITURE
1ST QUARTER TO 3RD QUARTER 2001-2002

I T E M S	1st to 3rd Qtr		Growth Rate (%)
I T E M S	2001	2002	Growth Rate (%)
A. Estimates in current pesos
1. GROSS DOMESTIC PRODUCT	32585	34661	6.4
2. GROSS NATIONAL PRODUCT	34583	36811	6.4
3. PERSONAL CONSUMPTION EXPENDITURE	23179	24306	4.9

B. Estimates in constant (1985) pesos
1. GROSS DOMESTIC PRODUCT	8953	9127	1.9
2. GROSS NATIONAL PRODUCT	9535	9731	2.1
3. PERSONAL CONSUMPTION EXPENDITURE	7044	7156	1.6

C. Population* (million persons)	80.08	81.78	2.1

Source: National Statistical Coordination Board

* Quarterly population estimates are based on the 1990 Census of Population and Housing where: (a) Q2 is July 1 estimates of the medium assumption of population projection, and (b) Q1, Q3, Q4 are ESSO, NSCB estimates on the quarterly geometric growth rates of July 1 estimates.

Data are as of 28 November 2002.