NSCB - 1st Quarter 2012 National Accounts

First Quarter 2012
Gross National Income &
Gross Domestic Product by Industrial Origin

Services, prime driver of GDP growth

For the first quarter 2012, the Services subsectors posted relatively balanced growths, with the fastest growths coming from the following: Other Services, 10.5 percent; Transport, Storage and Communication, 9.0 percent; Trade, 8.9 percent; Financial Intermediation, 8.8 percent; and, RERBA, 7.9 percent, which now includes Business Process Outsourcing (BPO).

The only exclusion is Public Administration and Defense grew only by 1.5 percent.

GROSS VALUE ADDED in SERVICES
1st Quarter 2011 and 1st Quarter 2012
AT CURRENT AND CONSTANT 2000 PRICES, IN MILLION PESOS

At Current Prices

INDUSTRY/INDUSTRY GROUP	Q1 2011	Q1 2012	Growth Rate (%)
SERVICE SECTOR	1,199,684	1,338,685	11.6
a. Transportation, Storage and Communication	150,923	167,370	10.9
b. Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods	354,976	390,114	9.9
c. Financial Intermediation	158,102	177,424	12.2
d. Real Estate, Renting & Business Activity	255,798	285,946	11.8
e. Public Administration & Defense; Compulsory Social Security	75,759	81,930	8.1
f. Other Services	204,125	235,901	15.6

At Constant 2000 Prices

INDUSTRY/INDUSTRY GROUP	Q1 2011	Q1 2012	Growth Rate (%)
SERVICE SECTOR	770,512	835,644	8.5
a. Transportation, Storage and Communication	111,052	121,085	9.0
b. Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods	212,164	230,971	8.9
c. Financial Intermediation	92,597	100,780	8.8
d. Real Estate, Renting & Business Activity	147,661	159,329	7.9
e. Public Administration & Defense; Compulsory Social Security	57,854	58,704	1.5
f. Other Services	149,182	164,775	10.5

GROSS VALUE ADDED in ELECTRICITY, GAS AND WATER SUPPLY
Annual 2010 and 2011
AT CURRENT AND CONSTANT 2000 PRICES, IN MILLION PESOS

INDUSTRY/INDUSTRY GROUP	At Current Prices			At Constant Prices
INDUSTRY/INDUSTRY GROUP	2010	2011	Growth Rate (%)	2010	2011	Growth Rate (%)
SERVICE SECTOR	4,962,483	5,433,857	9.5	3,179,359	3,342,564	5.1
a. Transportation, Storage and Communication	586,197	627,255	7.0	427,766	446,026	4.3
b. Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods	1,563,786	1,695,908	8.4	948,743	980,514	3.3
c. Financial Intermediation	622,404	684,088	9.9	374,716	394,371	5.2
d. Real Estate, Renting & Business Activity	979,129	1,115,645	13.9	588,947	643,459	9.3
e. Public Administration & Defense; Compulsory Social Security	372,304	392,616	5.5	255,087	255,776	0.3
f. Other Services	838,663	918,345	9.5	584,100	622,418	6.6

Source: National Statistical Coordination Board (NSCB)

Posted: 31 May 2012.


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