NSCB - First Quarter 2007 GNP - Per Capita GDP, GNP and PCE

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

Economic growth continued to outpace population growth; thus, per capita GDP grew at a higher rate of 4.8 percent, the highest since the 4th quarter of 2004, from last year’s 3.6 percent; per capita PCE also accelerated to 3.8 percent from its year ago growth of 3.2 percent; and per capita GNP grew at a faster pace of 4.5 percent from 4.2 percent last year.

PER CAPITA: GROSS DOMESTIC PRODUCT, GROSS NATIONAL PRODUCT, and PERSONAL CONSUMPTION EXPENDITURE
1st QUARTER 2006 and 1st QUARTER 2007

TYPE OF EXPENDITURE	Q1 2006	Q1 2007	Growth Rate (%)
A. Estimates in current pesos
1. GROSS DOMESTIC PRODUCT	16,042	17,279	7.7
2. GROSS NATIONAL PRODUCT	17,453	18,762	7.5
3. PERSONAL CONSUMPTION EXPENDITURE	11,125	11,919	7.1

B. Estimates in constant (1985) pesos
1. GROSS DOMESTIC PRODUCT	3,475	3,642	4.8
2. GROSS NATIONAL PRODUCT	3,806	3,979	4.5
3. PERSONAL CONSUMPTION EXPENDITURE	2,640	2,741	3.8

*C. Population (million persons)**	86.33	88.05	2.0

* The quarterly estimates were interpolated from the 2000, 2005 and 2010 midyear estimates from the 2000 census-based population projections using the Waring-Langrange interpolation polynomial.

Source: National Statistical Coordination Board (NSCB)

Posted May 31, 2007


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