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First Quarter 2003
Gross National Product &
Gross Domestic Product by Expenditure Shares
Gross Domestic Capital Formation 
In the first three months of 2003, all the investment sub-sectors exceeded their last year’s performance as durable equipment and breeding stocks grew faster with 10.2 percent and 2.9 percent growths respectively. Furthermore, construction registered a smaller 1.2 percent decrease from its negative 5.0 percent growth a year ago. As a result, total fixed capital formation recorded a turnaround growth of 4.5 pecent from its negative 2.4 percent performance in 2002.
GROSS DOMESTIC CAPITAL FORMATION BY TYPE
1st Quarter 2003 and 1st Quarter 2002
AT CONSTANT 1985 PRICES, IN MILLION PESOS
| TYPE OF EXPENDITURE | 1st Qtr 2003 | 1st Qtr 2002 | Growth Rate (%) |
| CAPITAL FORMATION | 68,133 | 56,203 | 21.2 |
| A. Fixed Capital | 60,842 | 58,200 | 4.5 |
| Construction | 25,679 | 25,996 | -1.2 |
| Durable Equipment | 30,762 | 27,927 | 10.2 |
| Breeding Stock & Orchard Development |
4,401 | 4,277 | 2.9 |
| B. Changes in Stocks | 7,291 | (1,997) |
Source: National Statistical Coordination Board
Posted 29 May 2003
NATIONAL ACCOUNTS OF THE PHILIPPINES |
| Main Page |
1st Quarter 2003  |
| Main Page | by Industrial Origin |
| • Personal Consumption Expenditures |
| • Government Consumption |
• Capital
Formation |
| • Exports |
| • Imports |
| Per Capita GNP |
| Details of Factor Flows |
| Seasonally Adjusted Series |
| Technical Notes |
| Press Release |
RELATED LINKS |
| Time Series Table |
| Technical Notes |
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| Schedule of Release |
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