Philippines GDP 1Q2014

by Eduardo Petazze
In 2013 Philippine GDP grew by 7.18%, from 6.80% in 2012
For 1Q2014 GDP grew by 5.71% Y/Y, from +6.32% Y/Y in the 4Q2013
By 2014 it is estimated that the Philippine economy will grow around 6.5%
The Philippine Statistics Authority release final 2013 annual Gross Domestic Product (GDP)
Links:
Press release
Highlights
Summary Tables pdf, 19 pages
Powerpoint Presentation pdf, 8 pages

Summary
Gross data
Industry
1,233,773
1,245,634
1,281,634
1,336,430
1,406,338
1,465,272
1,532,814
1,621,226
1,699,171
1,666,601
1,859,515
1,893,950
2,031,443
2,219,434
2,399,371

Services
1,846,830
1,921,373
2,002,525
2,112,569
2,286,974
2,419,280
2,564,959
2,759,375
2,869,379
2,966,895
3,179,359
3,336,416
3,581,764
3,839,405
4,084,430

GDP
3,580,714
3,684,340
3,818,667
4,008,469
4,276,941
4,481,279
4,716,231
5,028,288
5,237,101
5,297,240
5,701,539
5,910,201
6,312,174
6,765,459
7,202,541

Million (2000) pesos, NSA

Y/Y
Private
Public
4.41% 2,585,276 409,049
2.89% 2,690,875 402,495
3.65% 2,828,340 386,509
4.97% 2,983,740 400,442
6.70% 3,161,890 408,469
4.78% 3,301,789 416,869
5.24% 3,439,876 461,108
6.62% 3,598,443 492,947
4.15% 3,730,861 494,370
1.15% 3,817,908 548,297
7.63% 3,945,827 570,208
3.66% 4,166,410 582,099
6.80% 4,442,523 672,176
7.18% 4,694,760 723,640
6.46% 4,965,140 765,784

Agri.
Industry
163,629
425,567
148,896
489,793
149,181
447,055
200,959
497,101
170,615
454,790
160,915
481,400
152,195
446,257
196,110
511,504
172,589
479,160
161,887
510,299
158,826
481,188
205,665
560,796
178,074
533,487
161,587
563,942
159,353
518,353
207,605
603,652
179,598
562,862
164,305
613,642
162,707
575,036
212,130
647,831
181,400
593,045

Services
743,844
814,702
783,995
836,818
768,746
858,006
823,994
885,671
831,914
922,099
886,046
941,705
885,830
994,151
954,616
1,004,808
946,095
1,046,502
1,009,702
1,082,131
1,006,090

GDP
1,333,040
1,453,390
1,380,231
1,534,877
1,394,150
1,500,321
1,422,446
1,593,285
1,483,664
1,594,285
1,526,060
1,708,165
1,597,391
1,719,680
1,632,322
1,816,065
1,688,556
1,824,450
1,747,444
1,942,092
1,780,536

Million (2000) pesos, NSA

Y/Y
Private
Public
8.41%
923,065 157,087
8.91%
977,453 167,182
7.27%
922,575 128,518
6.11% 1,122,734 117,421
4.58%
967,038 133,653
3.23% 1,025,090 179,168
3.06%
985,430 141,539
3.81% 1,188,852 127,739
6.42% 1,035,983 166,855
6.26% 1,092,699 197,699
7.28% 1,051,037 163,666
7.21% 1,262,804 143,957
7.67% 1,092,750 183,505
7.87% 1,148,368 221,676
6.96% 1,116,046 175,065
6.32% 1,337,596 143,394
5.71% 1,156,000 187,239
6.09% 1,226,032 227,536
7.05% 1,179,420 188,089
6.94% 1,403,689 162,920
5.45% 1,217,296 203,041

GFCF
Res.
Exports
Imports
284,446 -44,498
665,317
652,376
303,951 -16,738
780,446
758,904
279,393 -44,760
835,162
740,657
314,417 107,440
605,208
732,342
306,052
-5,031
716,640
724,202
272,883 -29,641
797,868
745,047
277,764
8,393
729,837
720,517
303,159
83,306
568,623
678,393
314,349 -96,824
774,451
711,150
297,917 -65,874
876,504
804,660
311,559
-9,208
774,433
765,427
361,355
38,794
627,750
726,495
368,582
-8,420
692,294
731,320
338,340 -29,881
808,886
767,709
341,055
27,060
870,680
897,583
390,318
69,721
647,745
772,710
409,839 -53,817
779,444
790,149
387,996 -18,694
849,050
847,469
381,609
589
873,339
875,602
429,726
86,333
681,488
822,063
453,037 -107,236
854,511
840,113

Million (2000) pesos, SA

Q/Q
Private
Public
-1.84%
939,648 124,695
1.24%
960,519 134,700
1.19%
955,109 143,329
1.62%
962,632 145,572
3.38%
976,024 155,217
1.86%
978,913 141,104
0.81%
984,227 135,903
0.57% 1,006,663 137,984
0.54% 1,017,227 128,754
1.12% 1,032,079 148,521
1.02% 1,051,577 150,880
1.72% 1,065,526 153,944
2.49% 1,091,766 166,510
1.28% 1,099,297 164,258
1.54% 1,115,960 170,596
1.36% 1,135,499 170,813
3.54% 1,153,313 180,180
1.40% 1,153,116 189,068
0.28% 1,183,075 183,782
0.75% 1,205,256 170,609
3.58% 1,223,251 184,465
1.47% 1,228,372 193,878
0.96% 1,248,281 196,507
0.51% 1,265,237 190,930
2.41% 1,287,385 189,582

GFCF
238,175
239,295
253,255
262,222
279,808
307,725
293,099
301,573
298,903
279,964
292,108
288,881
303,430
311,534
326,431
343,784
360,636
349,591
358,528
369,540
400,304
395,547
402,114
411,196
416,372

NSA

Agri.
2000
500,111
2001
517,332
2002
534,509
2003
559,470
2004
583,629
2005
596,727
2006
618,457
2007
647,687
2008
668,550
2009
663,744
2010
662,665
2011
679,835
2012
698,967
2013
706,619
2014
718,740
Own estimate
NSA

2010Q1
2010Q2
2010Q3
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2014Q4
2015Q1
Last data
Own estimate

GFCF
791,338
769,402
792,070
844,773
862,985
883,344
930,966
979,749
1,010,616
992,947
1,182,206
1,159,857
1,285,180
1,438,295
1,609,169

Res.
-133,647
45,972
151,016
94,091
54,889
61,680
-128,852
-181,421
-25,807
-93,614
1,444
57,027
-133,112
58,480
14,410

Exports
1,839,388
1,709,418
1,789,116
1,869,818
2,108,406
2,212,822
2,491,585
2,659,711
2,588,548
2,385,812
2,886,133
2,812,968
3,053,139
3,019,606
3,183,321

Imports
1,910,689
1,933,823
2,128,383
2,184,395
2,319,697
2,395,226
2,478,452
2,521,141
2,561,488
2,354,109
2,884,280
2,868,160
3,007,731
3,169,323
3,335,283

Seasonally adjusted data (own estimate)

SA

Agri.
Industry Services
GDP
2009Q1 166,806
405,654
726,562 1,299,023
2009Q2 167,926
410,561
736,678 1,315,166
2009Q3 167,257
415,543
747,951 1,330,752
2009Q4 161,755
434,842
755,703 1,352,300
2010Q1 163,305
453,305
781,462 1,398,072
2010Q2 161,956
473,991
788,147 1,424,094
2010Q3 165,635
468,311
801,684 1,435,631
2010Q4 171,769
463,908
808,066 1,443,743
2011Q1 170,322
473,084
808,141 1,451,546
2011Q2 173,516
466,496
827,742 1,467,753
2011Q3 169,047
472,641
841,040 1,482,728
2011Q4 166,951
481,729
859,493 1,508,173
2012Q1 171,998
498,381
875,340 1,545,720
2012Q2 174,109
500,859
890,567 1,565,535
2012Q3 176,288
507,330
906,059 1,589,676
2012Q4 176,572
524,873
909,798 1,611,243
2013Q1 178,252
561,261
928,811 1,668,324
2013Q2 176,138
553,105
962,448 1,691,690
2013Q3 176,054
541,549
978,789 1,696,392
2013Q4 176,175
563,519
969,358 1,709,052
2014Q1 179,252
598,533
992,476 1,770,261
2014Q2 180,054
600,137 1,016,066 1,796,257
2014Q3 180,080
595,599 1,037,750 1,813,428
2014Q4 179,354
605,101 1,038,138 1,822,593
2015Q1 181,124
630,037 1,055,397 1,866,558
Last data SA data is our own estimate
Own estimate
Also see: External Trade Performance : March 2014

Res.
Exports
Imports
-28,501
591,845
566,839
-12,926
579,932
586,355
-29,875
596,243
587,310
-22,313
617,792
613,605
-9,596
677,893
681,274
1,735
713,747
719,131
-5,243
759,309
731,666
14,548
735,183
752,209
36,290
714,514
744,142
-568
708,994
701,237
14,259
687,409
713,504
7,046
702,052
709,276
-54,425
762,408
723,969
-34,552
779,512
754,515
-9,314
744,402
758,399
-34,821
766,816
770,848
41,725
689,988
757,519
-15,419
727,106
711,772
31,545
823,218
883,756
628
779,294
816,275
-5,685
785,872
817,945
-11,302
779,122
789,360
19,845
808,735
862,053
11,562
809,593
865,925
71,873
772,404
871,060