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Fourth Quarter 2009
Gross National Product & Gross Domestic Product
Sources of Revision 
as of January 2010
Revisions in Q3 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, the third quarter, GDP growth was revised downward from 0.8 percent to 0.4 percent, while GNP growth was also revised downward from 3.5 percent to 3.1 percent. A more complete tabulation of our revisions is included in our publication.
I. Expenditure Accounts
| Q3 2008 - 2009 Growth Rates |
As of Nov. 2009 | As of Jan. 2010 | Change | Reasons for revisions |
| 1. Personal Consumption Expenditure | ||||
| Current | Availability of September data on imports, 90 days QSPBI posting of retail trade and updated production data. | |||
| Q3 | 2.8 | 3.5 | 0.7 | |
| Constant | ||||
| Q3 | 4.0 | 3.2 | -0.8 | |
| 2. Government Consumption Expenditure | ||||
| Current | Updated data on government releases on personal sevices. | |||
| Q3 | 13.4 | 15.3 | 1.9 | |
| Constant | ||||
| Q3 | 7.9 | 8.1 | 0.2 | |
| 3. Capital Formation | ||||
| Current | ||||
| Q3 | -14.0 | -14.9 | -1.0 | |
| Constant | ||||
| Q3 | -11.3 | -12.1 | -0.9 | |
| A. Fixed Capital | ||||
| Current | ||||
| Q3 | -1.6 | -0.7 | 0.9 | |
| Constant | ||||
| Q3 | -1.6 | -0.9 | 0.7 | |
| 1. Construction | ||||
| Current | Due to availabilty of 90 days Building Permit. | |||
| Q3 | 1.3 | 1.9 | 0.6 | |
| Constant | ||||
| Q3 | 1.7 | 1.7 | 0.1 | |
| 2. Durable Equipment | ||||
| Current | Updated September 2008 imports data (FTS). Revisions in Manufacturing sector estimates. |
|||
| Q3 | -6.4 | -5.0 | 1.4 | |
| Constant | ||||
| Q3 | -5.7 | -4.2 | 1.5 | |
| 3. Breeding Stocks & Orchard Dev't | ||||
| Current | Due to revised/updated data from BAS & FMB. | |||
| Q3 | 1.1 | 1.5 | 0.5 | |
| Constant | ||||
| Q3 | 1.4 | 1.5 | 0.0 | |
| B. Change in Stocks | ||||
| Current | Due to updated QSPBI 90 days for Q3 2009. Revised inventory from DOE. Revised MISSI for Q3 2009. Revised WPI and GCE IPIN and due to wrong pick-up in the SRA data for sugar. | |||
| Q3 | -22,118 | -27,464 | -5346 | |
| Constant | ||||
| Q3 | -4,042 | -5,004 | -962 | |
| 4. Exports | ||||
| Current | ||||
| Q3 | -14.8 | -14.0 | 0.9 | |
| Constant | ||||
| Q3 | -13.6 | -13.0 | 0.6 | |
| A. Total Mdse Exports | ||||
| Current | No Revision | |||
| Q3 | -17.2 | -17.2 | 0.0 | |
| Constant | ||||
| Q3 | -14.6 | -14.6 | 0.0 | |
| B. Non-Factor Services | ||||
| Current | Revisions in July & August BOP data & availability of September BOP data. | |||
| Q3 | -5.1 | -0.6 | 4.5 | |
| Constant | ||||
| Q3 | -8.4 | -4.1 | 4.3 | |
| 5. Imports | ||||
| Current | ||||
| Q3 | -23.2 | -22.8 | 0.4 | |
| Constant | ||||
| Q3 | 0.2 | 0.1 | -0.1 | |
| A. Total Mdse Imports | ||||
| Current | Revised data for Sept. 2009 & due to Q3 2008 error. | |||
| Q3 | -24.7 | -24.0 | 0.6 | |
| Constant | ||||
| Q3 | 1.4 | 1.4 | 0.1 | |
| B. Non-Factor Services | ||||
| Current | Revisions in July & August BOP data and availability of September BOP data. | |||
| Q3 | -3.9 | -6.6 | -2.8 | |
| Constant | ||||
| Q3 | -13.6 | -16.1 | -2.5 | |
| 6. NFIA | ||||
| Current | Revised POEA data on land based and sea-based deployment and BOP for the months of July - Sept. 2009. | |||
| Q3 | 25.9 | 27.6 | 1.7 | |
| Constant | ||||
| Q3 | 26.0 | 26.1 | 0.1 | |
II. Production Accounts
| Q3 2008 - 2009 Growth Rates |
As of Nov. 2009 | As of Jan. 2010 | Change | Reasons for revisions |
| 1. Agriculture, Fishery, Forestry | ||||
| current | Updated/revised data of Q3 from BAS and FMB. | |||
| Q3 | -1.5 | -1.8 | -0.3 | |
| constant | ||||
| Q3 | 1.6 | 1.5 | -0.1 | |
| 2. Industry | ||||
| current | ||||
| Q3 | -6.4 | -7.0 | -0.6 | |
| constant | ||||
| Q3 | -4.4 | -5.0 | -0.7 | |
| a. Mining and Quarrying | ||||
| current | No revision for Q3 2009. | |||
| Q3 | 13.4 | 13.4 | 0.0 | |
| constant | ||||
| Q3 | 26.9 | 26.9 | 0.0 | |
| b. Manufacturing | ||||
| current | Updated data on MISSI and QSPBI. Updated PPI and availability of August and September WPI. | |||
| Q3 | -11.4 | -11.8 | -0.4 | |
| constant | ||||
| Q3 | -7.6 | -7.8 | -0.2 | |
| c. Construction | ||||
| current | Revision of Private Construction due to availabilty of 90 days Building Permit. | |||
| Q3 | 2.0 | 2.6 | 0.6 | |
| constant | ||||
| Q3 | 1.3 | 0.9 | -0.4 | |
| d. Electricity, Gas, Water | ||||
| current | Revision due to 90 days QSPBI. | |||
| Q3 | 7.4 | 3.0 | -4.3 | |
| constant | ||||
| Q3 | -2.2 | -6.3 | -4.0 | |
| 3. Services | ||||
| current | ||||
| Q3 | 6.2 | 6.3 | 0.1 | |
| constant | ||||
| Q3 | 4.0 | 3.8 | -0.3 | |
| a. Transport., Comm., Storage | ||||
| current | Updated 90 days QSPBI, updated data on international passenger from Cebu Pacific and availabilty of FS. | |||
| Q3 | 0.8 | -0.1 | -0.9 | |
| constant | ||||
| Q3 | -0.8 | -1.5 | -0.7 | |
| b. Trade | ||||
| current | Updated QSPBI. Availability of September RPI. Availability of Aug-Sept WPI. | |||
| Q3 | 3.3 | 3.9 | 0.6 | |
| constant | ||||
| Q3 | 4.5 | 4.4 | -0.1 | |
| c. Finance | ||||
| current | Updated QSPBI data (90 days). | |||
| Q3 | 12.1 | 11.9 | -0.3 | |
| constant | ||||
| Q3 | 11.7 | 11.5 | -0.3 | |
| d. O. Dwellings & R. Estate | ||||
| current | Updated damages from NDCC and availabilty of 90 days QSPBI. | |||
| Q3 | 2.0 | 0.4 | -1.5 | |
| constant | ||||
| Q3 | -0.4 | -2.3 | -1.9 | |
| e. Private Services | ||||
| current | Updated QSPBI data (90 days) | |||
| Q3 | 6.9 | 6.5 | -0.4 | |
| constant | ||||
| Q3 | 4.0 | 4.4 | 0.4 | |
| f. Government Services | ||||
| current | Updated data on indirect taxes and personal services. | |||
| Q3 | 14.5 | 17.3 | 2.8 | |
| constant | ||||
| Q3 | 6.3 | 6.6 | 0.4 | |
| GROSS DOMESTIC PRODUCT | ||||
| current | ||||
| Q3 | 1.0 | 0.8 | -0.2 | |
| constant | ||||
| Q3 | 0.8 | 0.4 | -0.4 | |
| GROSS NATIONAL PRODUCT | ||||
| current | ||||
| Q3 | 3.5 | 3.5 | 0.0 | |
| constant | ||||
| Q3 | 3.5 | 3.1 | -0.3 | |
NATIONAL ACCOUNTS OF THE PHILIPPINES |
| Main Page |
4th 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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