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Third Quarter 2009
Gross National Product & Gross Domestic Product
Sources of Revision 
as of November 2009
Revisions in Q2 2009 GDP/GNP estimates
Based on the Revision Policy approved by the NSCB Executive Board and consistent with the international practice on the revision of National Accounts, GDP growth was revised downward by 0.68 percentage point from 1.5% to 0.8%. GNP was revised downward by negative 1.2 percentage point from 4.4% to 3.2%.
Expenditure Accounts
Q2 2008 - 2009 |
As of August 2009 | As of Nov. 2009 | Change | Reasons for revisions |
| 1. Personal Consumption Expenditure | ||||
| Current | Availability of revised agriculture, manufacturing and foreign trade data. | |||
| Q2 | 7.2 | 9.2 | 2.0 | |
| Constant | ||||
| Q2 | 2.2 | 5.4 | 3.2 | |
| 2. Government Consumption Expenditure | ||||
| Current | Updated data on cash disbursements from DBM. | |||
| Q2 | 13.5 | 13.8 | 0.4 | |
| Constant | ||||
| Q2 | 9.1 | 9.7 | 0.6 | |
| 3. Capital Formation | ||||
| Current | ||||
| Q2 | -1.5 | -2.6 | -1.1 | |
| Constant | ||||
| Q2 | -9.8 | -10.3 | -0.5 | |
| A. Fixed Capital | ||||
| Current | ||||
| Q2 | 3.6 | 1.5 | -2.1 | |
| Constant | ||||
| Q2 | -1.9 | -3.9 | -1.9 | |
| 1. Construction | ||||
| Current | Updated Building Permits and QSPBI from NSO | |||
| Q2 | 19.8 | 16.7 | -3.0 | |
| Constant | ||||
| Q2 | 11.7 | 8.9 | -2.9 | |
| 2. Durable Equipment | ||||
| current | Due to revisions in the manufacturing sector and availability of June 2009 imports data. | |||
| Q2 | -22.0 | -22.7 | -0.7 | |
| constant | ||||
| Q2 | -18.9 | -19.7 | -0.9 | |
| 3. Breeding Stocks & Orchard Dev't |
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| current | Due to revised volume and price BAS data. | |||
| Q2 | -6.6 | -7.2 | -0.6 | |
| constant | ||||
| Q2 | -4.9 | -5.6 | -0.7 | |
| B. Change in Stocks | ||||
| current | Due to updated QSPBI, MISSI, SRA & DOE data | |||
| Q2 | -8,016 | -5,005 | 3011 | |
| constant | ||||
| Q2 | -2,766 | -1,774 | 993 | |
| 4. Exports | ||||
| current | ||||
| Q2 | -11.9 | -14.6 | -2.7 | |
| constant | ||||
| Q2 | -16.0 | -18.1 | -2.1 | |
| A. Total Mdse Exports | ||||
| current | ||||
| Q2 | -20.6 | -20.6 | 0.0 | |
| constant | ||||
| Q2 | -22.4 | -22.4 | 0.0 | |
| B. Non-Factor Services | ||||
| current | Revisions in BOP data. | |||
| Q2 | 21.0 | 8.1 | -12.9 | |
| constant | ||||
| Q2 | 15.2 | 3.0 | -12.2 | |
| 5. Imports | ||||
| current | ||||
| Q2 | -18.4 | -17.9 | 0.5 | |
| constant | ||||
| Q2 | -2.7 | -2.2 | 0.5 | |
| A. Total Mdse Imports | ||||
| current | ||||
| Q2 | -20.2 | -20.2 | 0.0 | |
| constant | ||||
| Q2 | -2.1 | -2.1 | 0.0 | |
| B. Non-Factor Services | ||||
| current | ||||
| Q2 | 8.7 | 16.0 | 7.3 | |
| constant | Revisions in BOP data. | |||
| Q2 | -9.3 | -3.2 | 6.1 | |
| 6. NFIA | ||||
| current | Updatad BOP data on Investments Income Receipts and revised April-June BOP data. | |||
| Q2 | 36.4 | 29.2 | -7.2 | |
| constant | ||||
| Q2 | 29.7 | 23.9 | -5.7 | |
Production Accounts
Q2 2008 - 2009 |
As of Aug. 2009 | As of Nov. 2009 | Change | Reasons for revisions |
| 1. Agriculture, Fishery, Forestry | ||||
| current | Revised volume and price data from BAS & log production data from FMB. | |||
| Q2 | -3.5 | -3.8 | -0.3 | |
| constant | ||||
| Q2 | 0.3 | 0.2 | -0.2 | |
| 2. Industry | ||||
| current | ||||
| Q2 | -2.3 | -3.8 | -1.5 | |
| constant | ||||
| Q2 | -0.3 | -1.7 | -1.4 | |
| a. Mining and Quarrying | ||||
| current | Revised production data from DOE, MGB and updated QSPBI. | |||
| Q2 | -20.7 | -19.9 | 0.8 | |
| constant | ||||
| Q2 | 21.4 | 22.1 | 0.7 | |
| b. Manufacturing | ||||
| current | Updated QSPBI and MISSI Updated PPI and WPI for inflation. |
|||
| Q2 | -10.1 | -10.2 | -0.2 | |
| constant | ||||
| Q2 | -7.2 | -7.4 | -0.2 | |
| c. Construction | ||||
| current | Updated QSPBI from NSO for Average Earning Index, Updated Building Permits & QSPBI from NSO & updated national government disbursements from DBM. |
|||
| Q2 | 20.8 | 17.8 | -3.0 | |
| constant | ||||
| Q2 | 16.9 | 14.0 | -2.9 | |
| d. Electricity, Gas, Water | ||||
| current | Availability of 90 days QSPBI for Q2 and availability of revised transmission revenue. Error in the computation of generation revenue for Q2 2008. | |||
| Q2 | 14.3 | 6.4 | -7.9 | |
| constant | ||||
| Q2 | 2.9 | -4.9 | -7.7 | |
| 3. Services | ||||
| current | ||||
| Q2 | 5.9 | 5.5 | -0.4 | |
| constant | ||||
| Q2 | 3.1 | 2.7 | -0.4 | |
| a. Transport., Comm., Storage |
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| current | Updated QSPBI, updated PNR data, updated Airline data & Financial Statements. | |||
| Q2 | 1.8 | 0.9 | -0.9 | |
| constant | ||||
| Q2 | 1.7 | 1.0 | -0.7 | |
| b. Trade | ||||
| current | Updated QSPBI, availability of GWPI AND GRPI. | |||
| Q2 | 4.1 | 3.6 | -0.5 | |
| constant | ||||
| Q2 | 3.0 | 2.7 | -0.3 | |
| c. Finance | ||||
| current | Updated QSPBI & availability of Financial Statements | |||
| Q2 | 5.0 | 9.1 | 4.1 | |
| constant | ||||
| Q2 | 1.8 | 5.8 | 4.0 | |
| d. O. Dwellings & R. Estate | ||||
| current | Updated QSPBI | |||
| Q2 | 6.2 | 1.4 | -4.8 | |
| constant | ||||
| Q2 | 3.4 | -2.5 | -5.9 | |
| e. Private Services | ||||
| current | Updated QSPBI | |||
| Q2 | 6.4 | 5.9 | -0.5 | |
| constant | ||||
| Q2 | 2.8 | 2.1 | -0.7 | |
| f. Government Services | ||||
| current | Updated data from DBM on cash disbursements of personal services and salary adjustments. | |||
| Q2 | 13.0 | 13.5 | 0.5 | |
| constant | ||||
| Q2 | 7.7 | 8.7 | 0.9 | |
| GROSS DOMESTIC PRODUCT | ||||
| current | ||||
| Q2 | 2.0 | 1.2 | -0.7 | |
| constant | ||||
| Q2 | 1.5 | 0.8 | -0.68 | |
| GROSS NATIONAL PRODUCT | ||||
| current | ||||
| Q2 | 5.4 | 4.0 | -1.4 | |
| constant | ||||
| Q2 | 4.4 | 3.2 | -1.2 | |
NATIONAL ACCOUNTS OF THE PHILIPPINES |
| Main Page |
3rd Quarter 2009 |
| 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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