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Third Quarter 2004
Gross National Product & Gross Domestic Product
Sources of Revision 
as of November 2004
Expenditure Accounts
Second Quarter |
2004 | Reasons for revisions | ||
Constant Prices Growth Rates |
As of Aug. 2004 |
As of Nov. 2004 |
Change |
|
| 1. Personal Consumption Expenditure | 6.0 | 6.3 | 0.3 | Availability of more updated data on production, stocks and foreign trade. |
| 2. Government Consumption Expenditure | 0.1 | -0.3 | -0.4 | Revised Average Earning Index |
| 3. Capital Formation | 8.5 | 8.0 | -0.5 | |
| A. Fixed Capital | 6.1 | 5.9 | -0.2 | |
| 1. Construction | 10.9 | 10.6 | -0.3 | Updated Building Permits from NSO |
| Availability of data on Capital Expenditures from DOF updated QSPBI | ||||
| 2. Durable Equipment | ||||
| current | 5.2 | 6.7 | 1.5 | Availability of March FTS data. |
| constant | 3.1 | 3.1 | 0.0 | Updates of Manufacturing sector. |
| 3. Breeding Stocks & Orchard Dev't |
0.4 | -1.3 | -1.7 | Updated data from BAS. |
| 4. Change in Stocks | ||||
| current | -8670.0 | -9006 | -336.0 | Updates on QSPBI and MISSI. |
| constant | -2802.0 | -2916 | -114.0 | Revision on government corporations. |
| 4. Exports | ||||
| 4.1 Total Mdse Exports | ||||
| current | 17.7 | 17.7 | 0.0 | |
| constant | 13.1 | 13.1 | 0.0 | |
| 4.2 Non-Factor Services | ||||
| current | 36.0 | 36.3 | 0.3 | Due to revised and updated BOP data. |
| constant | 28.1 | 27.6 | -0.5 | |
| 5. Imports | ||||
| 5.1 Total Mdse Imports | ||||
| current | 12.1 | 11.4 | -0.7 | Availability of June FTS. |
| constant | 6.9 | 6.4 | -0.5 | |
| 4.2 Non-Factor Services at constant |
10.8 | 3.1 | -7.7 | Availability of June BOP; revised conversion factor. |
| NFIA | ||||
| current | 5.0 | 5.4 | 0.4 | Availability of June BOP; updated April-May BOP data. |
| constant | 0.3 | 0.7 | 0.4 | |
Production Accounts
Second Quarter |
2004 | Reasons for revisions |
||
Constant Prices Growth Rates |
As of Aug. 2004 |
As of Nov. 2004 |
Change |
|
| 1. Agriculture, Fishery, Forestry | 4.3 | 3.8 | -0.5 | |
| a. Agriculture & Fishery | 3.9 | 3.6 | -0.3 | Updated data from BAS,SRA,NIA & NSO. |
| b. Forestry | 110.4 | 62.4 | -48.0 | Updated data from FMB. |
| 2. Industry | 5.6 | 5.6 | 0.0 | |
| a. Mining and Quarrying | 2.5 | 2.7 | 0.2 | Updated MGB Data. |
| b. Manufacturing | 4.6 | 4.8 | 0.2 | Updated MISSI April to June 2004. |
| c. Construction | 13.7 | 13.7 | 0.0 | |
| d. Electricity, Gas, Water | 4.1 | 3.2 | -0.9 | Updated QSPBI, NPC effective rates/deflator |
| 3. Services | 7.3 | 8.3 | 1.0 | |
| a. Transport., Comm., Storage |
13.5 | 14.6 | 1.1 | 90 days QSPBI. |
| b. Trade | 6.1 | 7.1 | 1.0 | Updated QSPBI, availability of June WPI and RPI, availability of FS from key players |
| c. Finance | 8.8 | 9.6 | 0.8 | Updated QSPBI (90 days) |
| d. O. Dwellings & R. Estate | 4.5 | 6.4 | 1.9 | Updated CPI & QSPBI. |
| e. Private Services | 6.8 | 6.9 | 0.1 | Updated Q2 2004 QSPBI. |
| f. Government Services | 2.7 | 4.3 | 1.6 | Revised Average Earning Index |
| GROSS DOMESTIC PRODUCT | 6.2 | 6.6 | 0.4 | |
| GROSS NATIONAL PRODUCT | 5.7 | 6.1 | 0.4 | |
NATIONAL ACCOUNTS OF THE PHILIPPINES |
| Main Page |
3rd Quarter 2004 |
| Main Page | by Industrial Origin |
| by Expenditure Share |
| Per Capita GNP |
| Details of Factor Flows |
| Seasonally Adjusted Series |
| Sources of Revision |
| Press Release |
RELATED LINKS |
| Time Series Table |
| SNA Technical Notes |
| Publication |
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