National Accounts of the Philippines- Main Page

National Accounts of the Philippines

Untitled Document

 

 

 

 

 

 

 

 

 

4th Quarter 2015

Philippine Economy Grew by 6.3 percent in Q4 2015;
5.8 percent in 2015


The country’s Gross Domestic Product (GDP) in the fourth quarter of 2015 grew by 6.3 percent, the highest quarterly growth for the year.  The growth, however, is slower than the   6.6 percent posted in the same period of last year.

The fourth quarter GDP was driven by the Services sector which accelerated to 7.4 percent from 5.6 percent while Industry decelerated to 6.8 percent from 9.1 percent.  On the other hand, Agriculture contracted by 0.3 percent from a growth of 4.2 percent in the previous year. [more]


Key Figures

Growth Rates of Gross National Income and Gross Domestic Product
4th Quarter 2014 and 4th Quarter 2015
(at constant 2000 prices)

     INDUSTRY 4th Quarter Annual
2013-14 2014-15 2013-14 2014-15
1. AGRI., HUNTING, FORESTRY AND FISHING 4.2 -0.3 1.6 0.2
   a. Agriculture and forestry 4.3 0.7 2.0 0.7
   b. Fishing 4.2 -4.5 -0.4 -1.8
2. INDUSTRY SECTOR 9.1 6.8 7.9 6.0
   a. Mining & Quarrying 5.9 7.8 4.9 -1.3
   b. Manufacturing 7.7 6.6 8.3 5.7
   c. Construction 17.9 8.4 9.9 8.9
   d. Electricity, Gas and Water Supply 5.1 4.8 2.8 4.8
3. SERVICE SECTOR 5.6 7.4 5.9 6.7
   a. Transport, Storage & Communication  4.5 8.9 6.2 7.9
   b. Trade and Repair of Motor Vehicles,
Motorcycles, Personal and Household Goods
3.4 7.0 5.7 6.9
   c. Financial Intermediation 8.9 7.4 7.2 5.7
   d. R. Estate, Renting & Business Activities 9.7 7.9 8.7 7.3
   e. Public Administration & Defense; Compulsory Social Security 11.4 3.2 3.6 0.6
   f. Other Services 1.8 8.1 3.3 8.0
         
GROSS DOMESTIC PRODUCT 6.6 6.3 6.1 5.8
GROSS NATIONAL INCOME 5.7 6.2 5.8 5.4

Source: Philippine Statistics Authority

Growth Rates of Gross National Income and Gross Domestic Product
by Expenditure Shares
4th Quarter 2014 and 4th Quarter 2015

(at constant 2000 prices)

TYPE OF EXPENDITURE 3rd Quarter Annual
2013-14 2014-15 2013-14 2014-15
1. Household Final Consumption  Expenditure 5.0 6.4 5.4 6.2
2.  Government Final Consumption Expenditure 9.4 17.4 1.7 9.4
3. Capital Formation* 3.0 13.5 5.4 13.6
   A. Fixed Capital 8.0 22.5 6.8 14.0
      1. Construction 19.2 7.8 10.9 8.4
      2. Durable Equipment -0.1 40.2 3.7 20.3
      3. Breeding Stock &  Orchard Dev't 2.3 2.5 -0.7 2.0
      4. Intellectual Property Products 6.8 9.4 19.7 14.0
4. Exports 12.8 7.1 11.3 5.5
   A. Exports of Goods 14.8 1.7 12.8 2.4
   B. Exports of Services 5.0 30.2 5.3 18.7
5. Less : Imports 9.9 13.3 8.7 11.9
   A. Imports of Goods 9.7 13.1 8.6 11.9
   B. Imports of Services 10.3 13.6 9.1 11.8
         
GROSS DOMESTIC PRODUCT 6.6 6.3 6.1 5.8
GROSS NATIONAL INCOME 5.7 6.2 5.8 5.4

* Capital formation includes fixed capital and changes in inventories
Source: Philippine Statistics Authority

 


Contact Information

For further information please contact the Philippine Statistics Authority at (632) 462-6600 loc. 839, e-mail address info@psa.gov.ph.

Focal Person

Ms. Vivian R. Ilarina
Assistant National Statistician
Economic Sector Statistics
v.ilarina@psa.gov.ph

 

Updated: 28 January 2016

Gross Domestic Product refers to the value of all goods and services produced domestically; the sum of gross value added of all resident institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the values of their outputs).

 

 

The PSA Office
PSA CVEA Building,
East Avenue, Quezon City
Tel. No. (632) 462-6600; Fax No. (632) 462-6600
URL: http://psa.gov.ph
E-mail: info@psa.gov.ph

 

About Us | News | Statistics | Events || Terms of Use

Back to top


Updated 28 January 2016

Ver. 7.2014.234-11.04

1997-2015, Philippine Statistics Authority, East Avenue, Quezon City, Philippines