Net Factor Income from Abroad (NFIA) registered a turn-around growth of 22.6% from the 18.5% decline a year ago. While deployment of OFW’s plunged to 11.6 percent in the second quarter as a result of the temporary ban imposed on labor-market countries due to the SARS epidemic and the recent Middle East conflict, the stock of OFWs remained higher compared to last year by 2.3%. The increase in stock, the reduction in property expense by 11.5% and the low base last year translated to high NFIA inflow for the period.

DETAILS OF FACTOR FLOWS FROM AND TO THE REST OF THE WORLD
2nd Quarter 2003 and 2nd Quarter 2002
In Million Pesos

Source: National Statistical Coordination Board

Data are as of 28 August  2003.