NSCB - First Quarter 2007 GNP - by Expenditure Shares

GROSS DOMESTIC PRODUCT AND GROSS NATIONAL PRODUCT
BY EXPENDITURE SHARES:
1st Quarter 2006 and 1st Quarter 2007
IN MILLION PESOS

At Constant 1985 Prices

TYPE OF EXPENDITURE	Q1 2006	Q1 2007	Growth Rate (%)
1. Personal Consumption Expenditure	227,902	241,353	5.9
2. Government Consumption	20,259	22,904	13.1
3. Capital Formation	56,201	56,548	0.6
4. Exports	142,303	155,286	9.1
5. Less : Imports	148,796	145,093	-2.5
6. Statistical Discrepancy	2,106	-10,300

GROSS DOMESTIC PRODUCT	299,976	320,698	6.9
Net factor income from the rest of the world	28,617	29,714
GROSS NATIONAL PRODUCT	328,593	350,413	6.6

MEMORANDUM ITEMS: Trading gain (loss) from changes in the terms of trade	11,562	2,137

Gross National Income	340,155	352,550

At Current Prices

TYPE OF EXPENDITURE	Q1 2006	Q1 2007	Growth Rate (%)
1. Personal Consumption Expenditure	960,377	1,049,534	9.3
2. Government Consumption	133,715	151,534	13.3
3. Capital Formation	203,149	212,178	4.4
4. Exports	660,247	695,068	5.3
5. Less : Imports	637,627	640,268	0.4
6. Statistical Discrepancy	65,046	53,480

GROSS DOMESTIC PRODUCT	1,384,907	1,521,526	9.9

Net factor income from the rest of the world	121,776	130,513

GROSS NATIONAL PRODUCT	1,506,683	1,652,039	9.6

Notes:

1. The quarterly estimates starting first quarter of 2004 are not linked with 2003. The comparable quarterly series starts from first quarter 2004 onwards, the estimates for which make use of either updated data from existing data sources or data from new data sources. For example, in the case of manufacturing, the estimates now make use of data not only from the Monhtly Integrated Survey of Selected Industries (MISSI) but also from the Quarterely Survey of Philippine Business and Industry (QSPBI). For private services and non-factor exports sectors, updated data from the Business Processing Association Philippines (BPA/P), Contact Center Association of the Philippines (CCAP), Commission on Information and Communication Technology (CICT) and Board of Investments (BOI) are considered.

2. Net factor income from the rest of the world now includes interest payments on public debt in its outflow

GROSS DOMESTIC PRODUCT AND GROSS NATIONAL PRODUCT
BY EXPENDITURE SHARES:
2005 and 2006
IN MILLION PESOS

TYPE OF EXPENDITURE	AT CURRENT PRICES			AT CONSTANT PRICES
TYPE OF EXPENDITURE	2005	2006	Growth Rate (%)	2005	2006	Growth Rate (%)
1. Personal Consumption Expenditure	3,773,038	4,226,120	12.0	947,561	999,217	5.5
2. Government Consumption	521,664	587,463	12.6	76,669	81,371	6.1
3. Capital Formation	793,989	864,531	8.9	213,534	219,286	2.7
4. Exports	2,589,739	2,797,986	8.0	565,742	629,093	11.2
5. Less : Imports	2,816,243	2,873,562	2.0	643,839	655,791	1.9
6. Statistical discrepancy	575,719	430,086		50,830	3,258

GROSS DOMESTIC PRODUCT	5,437,905	6,032,624	10.9	1,210,497	1,276,435	5.4

Net factor income from the rest of the world	447,145	537,687		108,610	123,092

GROSS NATIONAL PRODUCT	5,885,050	6,570,310	11.6	1,319,107	1,399,527	6.1

MEMORANDUM ITEMS: Trading gain (loss) from changes in the terms of trade				27,181	9,720

Gross National Income				1,346,288	1,409,247

Source: National Statistical Coordination Board (NSCB)

Posted May 31, 2007.


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