NSCB - Annual 2003 National Accounts

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

The continued expansion of the economy in 2003 translated to an improved growth of 2.1 percent in the real per capita GDP, from the 2.0 percent growth recorded in 2002.

Meanwhile, per capita GNP inched up by 3.1 percent from a growth of 2.1 percent last year. Correspondingly, the accelerated growth in GNP translated to the per capita PCE increasing to 2.7 percent, from 1.7 percent in 2002.

TYPE OF EXPENDITURE	Year		Growth Rate (%)
TYPE OF EXPENDITURE	2002	2003	Growth Rate (%)
A. Estimates in current pesos
1. GROSS DOMESTIC PRODUCT	50015	52959	5.9
2. GROSS NATIONAL PRODUCT	53341	56924	6.7
3. PERSONAL CONSUMPTION EXPENDITURE	34202	36268	6.0
B. Estimates in constant (1985) pesos
1. GROSS DOMESTIC PRODUCT	13006	13283	2.1
2. GROSS NATIONAL PRODUCT	13938	14366	3.1
3. PERSONAL CONSUMPTION EXPENDITURE	10080	10353	2.7
C. Population* (million persons)	80.43	82.31	2.3

Source: National Statistical Coordination Board

* Figures for 2001-2003 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 2001-2003 was 2.3128 percent.
Source: Technical Committee on Population and Housing Statistics, NSCB.

Data are as of 29 January 2004.