Net Factor Income from Abroad (NFIA) at constant 1985 prices posted a higher net inflow of Php71,487 million, 15.5 percent higher than its year-ago level.  For 2001 the increment in NFIA was only 7.2 percent.

Compensation recorded a lower growth of 6.3 percent in 2002 than the 22.8 percent growth in the previous year.  While Property Income fell by 36.3 percent, Property Expense also dropped by 14.7 percent, resulting in a drop in net property expense by 6.6 percent.  Thus, NFIA gained 15.5 percent.

The fourth quarter compensation posted the highest growth (11.9 percent) among the four quarters of the year.  The number of deployed Overseas Filipino Workers (OFWs) increased by 3.1 percent during the year.  Net compensation contributed 10.8 percentage points to total NFIA growth.

NFIA contributed 0.9 percentage point to the 5.2 percent growth of the Gross National Product for the year 2002.

DETAILS OF FACTOR FLOWS FROM AND TO THE REST OF THE WORLD
Year 2001 and 2002
In Million Pesos

Source: National Statistical Coordination Board

Data are as of 31 January 2003.