Net Factor Income from Abroad (NFIA) doubled its growth to 21.0 percent from 10.2 percent a year ago. The SARS scare and the recent war in the Middle East had minimal impact on the deployment of OFWs in the first quarter of the year. Property expense during the first quarter of the year contracted by 7.2 percent, lower than the reported decline in the first quarter of 2002.  The contraction in property expense and the increase in compensation of OFWs resulted in a higher NFIA for the period.

DETAILS OF FACTOR FLOWS FROM AND TO THE REST OF THE WORLD
1st Quarter 2003 and 1st Quarter 2002
AT CONSTANT PRICES, IN MILLION PESOS

Source: National Statistical Coordination Board

Posted 29 May 2003