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Third Quarter 2008
Gross National Product & Gross Domestic Product
Sources of Revision 
as of November 2008
Expenditure Accounts
| Q2 2007 - 2008 Growth Rates |
As of August 2008 | As of Nov. 2008 | Change | Reasons for revisions |
| 1. Personal Consumption Expenditure | ||||
| Current | ||||
| Q2 | 13.7 | 14.2 | 0.5 | |
| Constant | Avalalbility of more updated data on retail trade, production and foreign trade. | |||
| Q2 | 3.4 | 4.1 | 0.6 | |
| 2. Government Consumption Expenditure | ||||
| Current | Adjustments on Retirements and Terminal LeaveBenefits and on Average Earning Index. |
|||
| Q2 | 2.6 | 4.6 | 2.1 | |
| Constant | ||||
| Q2 | -5.1 | -1.5 | 3.6 | |
| 3. Capital Formation | ||||
| Current | ||||
| Q2 | 19.6 | 20.2 | 0.6 | |
| Constant | ||||
| Q2 | 14.7 | 15.3 | 0.6 | |
| A. Fixed Capital | ||||
| Current | ||||
| Q2 | 12.6 | 9.9 | -2.8 | |
| Constant | ||||
| Q2 | 5.6 | 3.0 | -2.6 | |
| 1. Construction | ||||
| Current | ||||
| Q2 | 17.5 | 12.5 | -5.0 | |
| Constant | Updated Building Permits and QSPBI from NSO | |||
| Q2 | 8.1 | 3.4 | -4.8 | |
| 2. Durable Equipment | ||||
| current | Due to revisions in the manufacturing sector and availability of June 2008 imports data. | |||
| Q2 | 4.1 | 3.1 | -1.0 | |
| constant | ||||
| Q2 | 5.8 | 3.8 | -2.0 | |
| 3. Breeding Stocks & Orchard Dev't | ||||
| current | ||||
| Q2 | 23.5 | 23.6 | 0.1 | |
| constant | Due to updated BAS data | |||
| Q2 | -5.0 | -5.0 | 0.0 | |
| B. Change in Stocks | ||||
| current | ||||
| Q2 | -990 | 8,421 | 9411 | |
| constant | Due to updated QSPBI, MISSI, SRA & DOE data | |||
| Q2 | 976 | 3,122 | 2145 | |
| 4. Exports | ||||
| current | ||||
| Q2 | 2.1 | 2.3 | 0.2 | |
| constant | ||||
| Q2 | 7.7 | 7.6 | -0.1 | |
| A. Total Mdse Exports | ||||
| current | Revised June 2008 exports data from NSO. | |||
| Q2 | -3.7 | -3.6 | 0.1 | |
| constant | ||||
| Q2 | 5.5 | 5.6 | 0.1 | |
| B. Non-Factor Services | ||||
| current | Revised BOP data and updated FTS data. | |||
| Q2 | 28.0 | 28.6 | 0.6 | |
| constant | ||||
| Q2 | 18.3 | 17.1 | -1.3 | |
| 5. Imports | ||||
| current | ||||
| Q2 | 4.7 | 5.2 | 0.5 | |
| constant | ||||
| Q2 | -1.0 | -0.7 | 0.4 | |
| A. Total Mdse Imports | ||||
| current | ||||
| Q2 | 4.3 | 4.3 | 0.0 | |
| constant | Updated FTS from NSO. | |||
| Q2 | -2.5 | -2.7 | -0.2 | |
| B. Non-Factor Services | ||||
| current | Due to revised BOP data. Updated data on travel tax from PTA. | |||
| Q2 | 10.4 | 18.3 | 7.9 | |
| constant | ||||
| Q2 | 21.6 | 30.3 | 8.7 | |
| 6. NFIA | ||||
| current | Updatad BOP data on Investments Income Receipts from May-June 2008 & Disbursements for April to June 2008. | |||
| Q2 | 24.1 | 24.6 | 0.6 | |
| constant | ||||
| Q2 | 14.1 | 14.7 | 0.7 | |
Production Accounts
| Q2 2007 - 2008 Growth Rates |
As of August 2008 | As of Nov. 2008 | Change | Reasons for revisions |
| 1. Agriculture, Fishery, Forestry | ||||
| current | Updared revised volume and price data from BAS & FMB. | |||
| Q2 | 30.9 | 30.4 | -0.5 | |
| constant | ||||
| Q2 | 4.9 | 5.0 | 0.1 | |
| 2. Industry | ||||
| current | ||||
| Q2 | 12.3 | 12.2 | -0.2 | |
| constant | ||||
| Q2 | 4.8 | 4.5 | -0.3 | |
| a. Mining and Quarrying | ||||
| current | ||||
| Q2 | -17.5 | -12.5 | 5.0 | |
| constant | Updated production data from DOE, MGB and updated QSPBI. | |||
| Q2 | -18.5 | -12.4 | 6.1 | |
| b. Manufacturing | ||||
| current | Updated QSPBI and MISSI | |||
| Q2 | 16.0 | 16.7 | 0.7 | |
| constant | ||||
| Q2 | 6.1 | 6.3 | 0.2 | |
| c. Construction | ||||
| current | Updated Building Permits and QSPBI from NSO | |||
| Q2 | 16.6 | 11.9 | -4.7 | |
| constant | ||||
| Q2 | 8.3 | 3.7 | -4.6 | |
| d. Electricity, Gas, Water | ||||
| current | Availability of 90 days QSPBI for Q2 and availability of Q2 2008 data on average water rates. | |||
| Q2 | 6.0 | 5.1 | -0.9 | |
| constant | ||||
| Q2 | 7.9 | 6.7 | -1.2 | |
| 3. Services | ||||
| current | ||||
| Q2 | 10.1 | 10.7 | 0.6 | |
| constant | ||||
| Q2 | 4.3 | 4.2 | -0.1 | |
| a. Transport., Comm., Storage | ||||
| current | Updated QSPBI, updated Megatrain, LRTA and PNR data, updated Airline data & Financial Statements. | |||
| Q2 | 4.5 | 5.2 | 0.7 | |
| constant | ||||
| Q2 | 3.3 | 3.9 | 0.6 | |
| b. Trade | ||||
| current | Updated QSPBI, availability of GWPI AND GRPI. | |||
| Q2 | 14.7 | 15.6 | 0.9 | |
| constant | ||||
| Q2 | 4.3 | 4.2 | -0.1 | |
| c. Finance | ||||
| current | ||||
| Q2 | 12.4 | 10.8 | -1.6 | |
| constant | Updated QSPBI & availability of Financial Statements | |||
| Q2 | 2.4 | 1.0 | -1.4 | |
| d. O. Dwellings & R. Estate | ||||
| current | ||||
| Q2 | 11.6 | 11.8 | 0.2 | |
| constant | Updated QSPBI | |||
| Q2 | 7.3 | 7.6 | 0.2 | |
| e. Private Services | ||||
| current | ||||
| Q2 | 11.5 | 11.2 | -0.2 | |
| constant | Updated QSPBI | |||
| Q2 | 6.2 | 6.0 | -0.2 | |
| f. Government Services | ||||
| current | Adjusted Retirement and Terminal Leave Benefits and Average Earning Index. | |||
| Q2 | 1.5 | 5.0 | 3.6 | |
| constant | ||||
| Q2 | 2.4 | 2.5 | 0.1 | |
| GROSS DOMESTIC PRODUCT | ||||
| current | ||||
| Q2 | 13.3 | 13.5 | 0.2 | |
| constant | ||||
| Q2 | 4.6 | 4.4 | -0.15 | |
| GROSS NATIONAL PRODUCT | ||||
| current | ||||
| Q2 | 14.3 | 14.6 | 0.3 | |
| constant | ||||
| Q2 | 5.5 | 5.5 | -0.1 | |
NATIONAL ACCOUNTS OF THE PHILIPPINES |
| Main Page |
3rd Quarter 2008 |
| Main Page |
| Highlights | by Industrial Origin |
| by Expenditure Share |
| Per Capita GNP |
| Details of Factor Flows |
| Seasonally Adjusted Series |
| Confidence Interval |
| Sources of Revision |
| Press Release |
RELATED LINKS |
| Time Series Table |
| SNA Technical Notes |
| Publication |
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