NSCB - Annual 2003 National Accounts - Details of Factor Flows From and To The Rest of the World

The Net Factor Income from Abroad (NFIA) continued to gain headway as the compensation inflow rose by 6.9 percent in 2003 as a result of the 4.9 percent increase in the $-P conversion, despite the decline in the stock of OFWs by year-end of 2003.

With the substantial decline in property expense of 11.2 percent and the hike in property income by 7.9 percent, this translated to the higher net factor income flows during the year.

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

at Constant 1985 Prices
I T E M S	Year		Growth Rate (%)
I T E M S	2002	2003	Growth Rate (%)
INFLOW (Exports)
Compensation	112796	120623	6.9
Property Income	11029	11899	7.9
Constant 1985 Prices	123825	132521	7.0
OUTFLOW (Imports)
Compensation	0	0
Property Expense	48869	43405	-11.2
Constant 1985 Prices	48869	43406	-11.2
NET FACTOR INCOME
Constant 1985 Prices	74956	89115	18.9

Source: National Statistical Coordination Board

at Current Prices
I T E M S	Year		Growth Rate (%)
I T E M S	2002	2003	Growth Rate (%)
INFLOW (Exports)
Compensation	402524	441489	9.7
Property Income	39271	43562	10.9
Total Current Prices	441795	485051	9.8
OUTFLOW (Imports)
Compensation	0	0
Property Expense	174290	158654	-9.0
Total Current Prices	174290	158654	-9.0
NET FACTOR INCOME
Current Prices	267505	326397	22.0

Source: National Statistical Coordination Board

Data are as of 29 January 2004.