NSCB - 2nd Quarter 2008 National Accounts

GROSS NATIONAL PRODUCT AND GROSS DOMESTIC PRODUCT
BY EXPENDITURE SHARES:
2nd Quarter 2007 and 2nd Quarter 2008

At Current Prices

TYPE OF EXPENDITURE	2nd Qtr 2007	2nd Qtr 2008	Growth Rate (%)
1. Personal Consumption Expenditure	1,125,854	1,279,950	13.7
2. Government Consumption	178,322	182,931	2.6
3. Capital Formation	264,002	315,636	19.6
4. Exports	714,074	729,214	2.1
5. Less : Imports	687,097	719,365	4.7
6. Statistical Discrepancy	23,446	45,864

GROSS DOMESTIC PRODUCT	1,618,601	1,834,230	13.3
Net factor income from the rest of the world	166,415	206,492
GROSS NATIONAL PRODUCT	1,785,015	2,040,722	14.3

At Constant 1985 Prices

TYPE OF EXPENDITURE	2nd Qtr 2007	2nd Qtr 2008	Growth Rate (%)
1. Personal Consumption Expenditure	261,402	270,361	3.4
2. Government Consumption	27,183	25,795	-5.1
3. Capital Formation	62,890	72,145	14.7
4. Exports	175,836	189,444	7.7
5. Less : Imports	155,765	154,154	-1.0
6. Statistical Discrepancy	-31,894	-48,387

GROSS DOMESTIC PRODUCT	339,651	355,204	4.6
Net factor income from the rest of the world	37,366	42,624
GROSS NATIONAL PRODUCT	377,017	397,828	5.5

MEMORANDUM ITEMS: Trading gain (loss) from changes in the terms of trade	-13,702	-32,977

Gross National Income	363,315	364,851

GROSS NATIONAL PRODUCT AND GROSS DOMESTIC PRODUCT
BY EXPENDITURE SHARES:
Annual 2007 and 2006
AT CURRENT AND CONSTANT 1985 PRICES, IN MILLION PESOS

TYPE OF EXPENDITURE	AT CURRENT PRICES			AT CONSTANT PRICES
TYPE OF EXPENDITURE	2006	2007	Growth Rate (%)	2006	2007	Growth Rate (%)
Personal Consumption Expenditure	4,229,502	4,611,884	9.0	999,728	1,058,176	5.8
Government Consumption	589,930	646,676	9.6	85,208	92,293	8.3
Capital Formation	874,583	1,013,941	15.9	224,105	249,121	11.2
Exports	2,851,390	2,833,634	-0.6	641,570	677,697	5.6
Less : Imports	2,894,694	2,802,659	-3.2	656,021	626,745	-4.5
Statistical discrepancy	382,124	344,770		-17,718	-81,902

GROSS DOMESTIC PRODUCT	6,032,835	6,648,245	10.2	1,276,873	1,368,641	7.2
Net factor income from the rest of the world	500,940	601,078		115,132	134,173
GROSS NATIONAL PRODUCT	6,533,775	7,249,323	11.0	1,392,005	1,502,814	8.0
MEMORANDUM ITEMS: Trading gain (loss) from changes in the terms of trade				4,721	-43,895
Gross National Income				1,396,726	1,458,919

Source: National Statistical Coordination Board (NSCB)

Posted 28 August 2008