NSCB - 2nd Quarter 2003 GNP

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

The slower domestic performance in the second quarter translated to a deceleration in the real per capita GDP, which grew by 0.9 %, from the 1.7 % growth recorded in the second quarter of 2002. Meanwhile, the expansion in GNP resulted to improved growth in per capita GNP, from 0 to 2.1%. Per capita PCE, likewise increased by 2.7%, from 1.5% in 2002.

PER CAPITA: GROSS DOMESTIC PRODUCT, GROSS NATIONAL PRODUCT, AND PERSONAL CONSUMPTION EXPENDITURE
1ST QUARTER 2001 TO 2ND QUARTER 2003

TYPE OF EXPENDITURE	2nd Quarter 2003	2nd Quarter 2002	Growth Rate (%)
A. Estimates in current pesos
1. GROSS DOMESTIC PRODUCT	12,575	12,006	4.7
2. GROSS NATIONAL PRODUCT	13,507	12,764	5.8
3. PERSONAL CONSUMPTION EXPENDITURE	8,895	8,402	5.9

B. Estimates in constant (1985) pesos
1. GROSS DOMESTIC PRODUCT	3,196	3,168	0.9
2. GROSS NATIONAL PRODUCT	3,451	3,381	2.1
3. PERSONAL CONSUMPTION EXPENDITURE	2,556	2,490	2.7

C. Population (million persons)*	82.31	80.43	2.3

* Figures for 2000-2003 are the new population estimates based on the NSCB Resolution No. 2 (series of 2002), Adoption of the Decennial Census-Based Population Growth Rates. The average annual growth rate (exponential) for 2000-2003 was 2.3128 percent.

Source: Technical Committee on Population and Housing Statistics, NSCB.

Data are as of 28 August 2003.