NSCB - Third Quarter 2007 GNP - Agriculture, Fishery and Forestry

Third Quarter 2007
Gross National Product &
Gross Domestic Product by Industrial Origin

AFF gains strength

Agriculture, Fishery and Forestry, which accounted for 17.3 percent of total GDP, gained strength at 5.6 percent growth from 3.6 percent last year, contributing 1.0 percentage point to the total GDP growth. Biggest contributors to growth were Fishery, Corn and Palay.

Corn and Palay back Agriculture growth

Palay continued to grow but a slower rate of 4.7 percent from 12.6 percent, in the third quarter of 2007 compared to the same period last year. The growth was attributed to the synchronized plantings in the third quarter after the dry spell experienced in the regions of ARMM, Bicol, SOCCSKSARGEN, Eastern Visayas, Cagayan Valley, Northern Mindanao and Zamboanga Peninsula. Corn posted a significant growth of 14.0 percent from 1.1 percent. This was largely due to the expansion in area harvested, the availability of hybrid seed and good market price of corn. Coconut increased by 1.8 percent from 0.8 percent a year ago, shored up by the appreciation in farmgate prices. Banana expanded by 6.6 percent from 5.7 percent due to the continuous increase in area harvested and number of bearing trees in MIMAROPA, Northern Mindanao, Compostela Valley and Davao del Norte and Davao City.

Other Crops grew by 4.1 percent in 2007 from negative 0.2 percent boosted by the increased production of rubber, pineapple, mango and calamansi, among others. Meanwhile, sugarcane declined by 9.6 percent from a 57.7 percent growth last year.

Livestock managed to grow by 1.1 percent in the third quarter of 2007 from 2.0 percent in 2006, brought about by the continued increase in the number of fatteners and animals slaughtered in abattoirs.

Commercial fishery leads Fishery’s growth

Fishery grew by 9.7 percent in the third quarter of 2007 from 4.2 percent in 2006 as a result of increased harvest by Commercial and Municipal Fishery.

Aquaculture, on the other hand, continued to grow albeit at a slower growth of 8.4 percent from 14.6 percent.

Forestry on the downtrend

Forestry declined further to negative 3.3 percent from negative 0.8 percent in the previous year.

GROSS VALUE ADDED in AGRICULTURE, FISHERY & FORESTRY
3rd Quarter 2006 and 3rd Quarter 2007
IN MILLION PESOS

At Constant 1985 Prices

INDUSTRY/INDUSTRY GROUP	Q3 2006	Q3 2007	Growth Rate (%)
1. AGRICULTURE INDUSTRY	53,103	56,106	5.7
a. AGRICULTURE	41,431	43,307	4.5
Palay	8,039	8,416	4.7
Corn	5,308	6,050	14.0
Coconut including copra	2,327	2,370	1.8
Sugarcane	100	90	-9.6
Banana	1,541	1,642	6.6
Other crops	8,943	9,314	4.1
Livestock	6,682	6,757	1.1
Poultry	5,772	5,818	0.8
Agricultural activities & services	2,719	2,851	4.9
b. FISHERY	11,671	12,799	9.7

2. FORESTRY	500	483	-3.3

GROSS VALUE ADDED IN AGRICULTURE, FISHERY AND FORESTRY	53,602	56,589	5.6

At Current Prices

INDUSTRY/INDUSTRY GROUP	Q3 2006	Q3 2007	Growth Rate (%)
1. AGRICULTURE INDUSTRY	201,174	216,921	7.8
a. AGRICULTURE	169,341	182,787	7.9
Palay	25,885	29,832	15.3
Corn	15,983	19,826	24.0
Coconut including copra	13,488	15,067	11.7
Sugarcane	373	303	-18.6
Banana	8,970	10,860	21.1
Other crops	56,003	55,378	-1.1
Livestock	26,118	27,505	5.3
Poultry	14,768	15,535	5.2
Agricultural activities & services	7,754	8,480	9.4
b. FISHERY	31,834	34,134	7.2

2. FORESTRY	1,700	1,617	-4.9

GROSS VALUE ADDED IN AGRICULTURE, FISHERY AND FORESTRY	202,874	218,537	7.7

GROSS VALUE ADDED in AGRICULTURE, FISHERY & FORESTRY
2005 and 2006
IN MILLION PESOS

INDUSTRY/INDUSTRY GROUP	AT CURRENT PRICES			AT CONSTANT PRICES
INDUSTRY/INDUSTRY GROUP	2005	2006	Growth Rate (%)	2005	2006	Growth Rate (%)
1. AGRICULTURE INDUSTRY	775,821	851,109	9.7	229,618	238,511	3.9
a. AGRICULTURE	659,481	721,286	9.4	177,836	183,686	3.3
Palay	128,923	134,431	4.3	39,051	40,987	5.0
Corn	33,653	45,469	35.1	12,518	14,494	15.8
Coconut including copra	41,430	39,087	-5.7	8,226	8,302	0.9
Sugarcane	18,698	27,653	47.9	5,691	6,136	7.8
Banana	33,960	37,194	9.5	5,740	6,192	7.9
Other crops	193,571	222,026	14.7	43,510	43,559	0.1
Livestock	110,832	111,360	0.5	27,742	28,397	2.4
Poultry	61,712	64,007	3.7	25,107	25,016	-0.4
Agricultural activities & services	36,703	40,058	9.1	10,250	10,603	3.4
b. FISHERY	116,340	129,823	11.6	51,782	54,825	5.9

2. FORESTRY	4,251	4,343	2.2	1,382	1,326	-4.0

GROSS VALUE ADDED IN AGRICULTURE, FISHERY AND FORESTRY	780,072	855,452	9.7	231,000	239,837	3.8

Source: National Statistical Coordination Board (NSCB)

Posted November 29, 2007.


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