NATIONAL ACCOUNTS OF THE PHILIPPINES Page 1

Unit: In million pesos As of November 2016

TABLE 1A. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY EXPENDITURE SHARES
1ST QUARTER 2014 TO 3RD QUARTER 2016
AT CURRENT PRICES

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2014 2015 2016 FIRST TO THIRD QUARTER
TYPE OF EXPENDITURE Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014 2015 2016
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1. Household Final Consumption
Expenditure 2,134,657 2,246,493 2,203,379 2,583,051 2,292,720 2,419,376 2,347,180 2,763,180 2,457,430 2,621,348 2,568,282 6,584,529 7,059,277 7,647,059
2. Government Final Consumption Expenditure 304,822 382,916 317,794 328,456 310,842 396,650 368,980 381,896 350,080 463,502 388,306 1,005,532 1,076,472 1,201,888

3. Capital Formation 603,762 578,566 655,492 757,858 586,694 599,744 720,359 828,119 753,171 834,889 851,586 1,837,820 1,906,797 2,439,646
A. Fixed Capital 636,179 649,157 639,076 685,778 643,790 698,311 712,200 797,685 776,463 844,993 861,085 1,924,412 2,054,301 2,482,541
1. Construction 305,670 371,238 336,825 381,526 322,941 430,559 370,021 413,328 370,686 494,738 433,461 1,013,733 1,123,520 1,298,885
2. Durable Equipment 276,960 225,342 254,763 239,110 266,523 214,519 290,342 314,839 343,806 291,660 369,571 757,065 771,385 1,005,036
3. Breeding Stock &
Orchard Dev't 42,383 40,388 35,698 47,483 41,808 41,964 37,955 50,664 44,863 45,233 42,051 118,468 121,727 132,148
4. Intellectual Property Products 11,167 12,189 11,790 17,660 12,517 11,269 13,882 18,854 17,108 13,363 16,001 35,146 37,669 46,472
B. Changes in Inventories -32,417 -70,591 16,416 72,080 -57,096 -98,567 8,159 30,434 -23,293 -10,104 -9,499 -86,592 -147,504 -42,896

4. Exports 919,227 902,640 960,916 864,690 961,091 911,851 977,307 901,008 983,367 984,543 1,026,212 2,782,783 2,850,250 2,994,122
A. Exports of Goods 565,960 553,090 675,030 593,264 551,933 499,403 653,516 574,852 516,123 485,434 650,059 1,794,080 1,704,852 1,651,616
B. Exports of Services 353,268 349,549 285,887 271,426 409,158 412,448 323,792 326,156 467,244 499,110 376,152 988,703 1,145,397 1,342,506

5. Less : Imports 1,060,724 961,945 1,097,235 979,545 1,093,092 1,027,800 1,223,401 1,115,440 1,272,664 1,262,166 1,384,944 3,119,904 3,344,292 3,919,774
A. Imports of Goods 824,239 757,255 878,150 725,378 847,794 785,502 977,242 812,233 989,601 967,600 1,104,327 2,459,644 2,610,538 3,061,529
B. Imports of Services 236,485 204,690 219,086 254,167 245,297 242,298 246,159 303,207 283,063 294,566 280,617 660,260 733,754 858,245

6. Statistical Discrepancy -15,991 -7,810 2,768 20,814 -21,123 17,786 -6,041 9,470 -1,396 -33,923 30,786 -21,034 -9,378 -4,532

GROSS DOMESTIC PRODUCT 2,885,754 3,140,859 3,043,114 3,575,325 3,037,132 3,317,608 3,184,384 3,768,233 3,269,988 3,608,194 3,480,227 9,069,727 9,539,124 10,358,408

Net Primary Income 663,149 664,348 655,300 678,132 663,562 681,098 698,369 746,618 717,282 715,692 720,533 1,982,797 2,043,029 2,153,507

GROSS NATIONAL INCOME 3,548,903 3,805,207 3,698,414 4,253,457 3,700,694 3,998,706 3,882,753 4,514,852 3,987,270 4,323,886 4,200,760 11,052,524 11,582,153 12,511,916

======================================================================================================================================================================
Note : Net factor income from the rest of the world now includes interest payments on public debt in its outflow
Source: Philippine Statistics Authority
NATIONAL ACCOUNTS OF THE PHILIPPINES Page 2
Unit: In million pesos As of November 2016

TABLE 1B. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY EXPENDITURE SHARES
1ST QUARTER 2014 TO 3RD QUARTER 2016
AT CONSTANT 2000 PRICES

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2014 2015 2016 FIRST TO THIRD QUARTER
TYPE OF EXPENDITURE Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014 2015 2016
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Household Final Consumption

Expenditure 1,161,170 1,213,139 1,170,933 1,406,949 1,231,928 1,291,318 1,241,881 1,499,010 1,318,432 1,386,986 1,332,810 3,545,242 3,765,127 4,038,228
2. Government Final Consumption Expenditure 185,112 219,474 168,867 155,300 185,519 224,704 195,352 179,771 207,461 254,930 201,423 573,453 605,576 663,814

3. Capital Formation 370,434 330,962 383,065 483,902 416,596 401,895 438,731 548,058 527,612 502,497 526,436 1,084,461 1,257,222 1,556,546
A. Fixed Capital 372,973 358,500 376,298 417,835 405,710 404,105 428,624 518,857 519,970 503,395 529,416 1,107,772 1,238,439 1,552,781
1. Construction 135,039 163,895 152,551 180,735 141,104 187,392 165,467 194,530 159,423 216,226 193,310 451,484 493,963 568,960
2. Durable Equipment 202,002 162,741 191,782 193,178 227,095 185,158 226,602 274,349 317,463 252,154 293,770 556,525 638,855 863,387
3. Breeding Stock &
Orchard Dev't 26,106 22,467 18,336 30,386 26,126 22,987 18,997 31,176 27,184 23,820 19,650 66,909 68,110 70,655
4. Intellectual Property Products 9,827 9,398 13,629 13,536 11,385 8,568 17,557 18,802 15,900 11,195 22,685 32,853 37,510 49,780
B. Changes in Inventories -2,539 -27,538 6,767 66,067 10,887 -2,209 10,106 29,201 7,642 -898 -2,980 -23,310 18,784 3,764

4. Exports 812,350 896,065 941,728 727,843 898,070 941,672 1,034,252 807,172 963,737 1,035,395 1,125,455 2,650,143 2,873,994 3,124,587
A. Exports of Goods 627,335 714,658 795,474 588,975 688,454 730,668 869,213 641,765 724,501 783,251 937,046 2,137,467 2,288,335 2,444,798
B. Exports of Services 185,015 181,407 146,255 138,867 209,616 211,004 165,039 165,407 239,236 252,144 188,409 512,677 585,659 679,789

5. Less : Imports 858,943 807,366 938,428 852,141 963,339 909,069 1,090,388 979,368 1,146,194 1,120,209 1,245,049 2,604,738 2,962,795 3,511,452
A. Imports of Goods 658,634 652,546 767,580 637,528 745,163 718,304 891,864 721,999 905,549 896,476 1,019,817 2,078,759 2,355,331 2,821,842
B. Imports of Services 200,309 154,821 170,849 214,613 218,175 190,765 198,524 257,369 240,644 223,734 225,232 525,979 607,464 689,610

6. Statistical Discrepancy 12,837 -17,487 -9,318 13,838 -2,417 -7,293 3,269 6,501 16,092 19,641 10,922 -13,967 -6,442 46,655

GROSS DOMESTIC PRODUCT 1,682,959 1,834,787 1,716,848 1,935,691 1,766,358 1,943,228 1,823,097 2,061,146 1,887,141 2,079,240 1,951,997 5,234,594 5,532,683 5,918,378

Net Primary Income 370,692 362,940 355,845 373,270 372,543 372,131 380,082 416,155 409,451 390,698 389,485 1,089,477 1,124,756 1,189,634

GROSS NATIONAL INCOME 2,053,651 2,197,727 2,072,693 2,308,961 2,138,900 2,315,359 2,203,179 2,477,300 2,296,592 2,469,938 2,341,482 6,324,071 6,657,439 7,108,012

======================================================================================================================================================================
Source: Philippine Statistics Authority
NATIONAL ACCOUNTS OF THE PHILIPPINES Page 8
Unit: In million pesos As of November 2016

TABLE 5A. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN
1ST QUARTER 2014 TO 3RD QUARTER 2016
AT CURRENT PRICES

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2014 2015 2016 FIRST TO THIRD QUARTER
INDUSTRY Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014 2015 2016
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. AGRI., HUNTING, FORESTRY AND FISHING 348,131 325,423 314,300 443,434 340,112 307,215 302,348 416,388 334,004 311,163 326,571 987,854 949,675 971,737
a. Agriculture and forestry 300,213 280,661 262,484 392,426 294,668 261,719 248,771 367,127 291,057 268,341 275,104 843,359 805,158 834,502
b. Fishing 47,917 44,762 51,816 51,008 45,444 45,496 53,577 49,261 42,947 42,821 51,467 144,496 144,517 137,235

2. INDUSTRY SECTOR 916,982 965,772 900,238 1,175,778 952,825 1,009,249 907,461 1,225,334 1,018,024 1,081,717 993,460 2,782,993 2,869,536 3,093,201
a. Mining & Quarrying 34,149 39,639 30,055 26,349 28,906 29,347 24,846 25,009 29,769 27,511 29,395 103,843 83,100 86,675
b. Manufacturing 603,518 579,148 584,913 836,065 631,576 589,112 579,185 869,348 663,990 624,394 618,779 1,767,579 1,799,873 1,907,164
c. Construction 176,584 218,527 190,763 217,005 185,860 257,021 208,354 235,271 213,042 289,912 244,763 585,874 651,235 747,717
d. Electricity, Gas and Water Supply 102,731 128,459 94,506 96,359 106,483 133,769 95,076 95,706 111,222 139,900 100,522 325,696 335,328 351,645

3. SERVICE SECTOR 1,620,641 1,849,663 1,828,576 1,956,112 1,744,195 2,001,144 1,974,575 2,126,511 1,917,960 2,215,314 2,160,196 5,298,880 5,719,913 6,293,470
a. Transport, Storage & Communication 186,265 211,757 182,447 204,412 204,831 230,315 197,598 223,307 217,167 247,437 209,659 580,469 632,745 674,263
b. Trade & Repair of Motor Vehicles,
Motorcycles, Personal & Household Goods 469,047 544,862 599,733 631,095 500,618 584,661 648,888 677,929 543,893 649,763 709,056 1,613,641 1,734,167 1,902,712
c. Financial Intermediation 237,413 261,644 239,792 250,045 253,682 281,385 254,183 274,419 281,488 305,482 280,304 738,849 789,250 867,275
d. R. Estate, Renting & Business Activities 353,262 392,562 400,111 407,558 389,076 430,572 442,420 451,376 438,390 482,063 494,514 1,145,935 1,262,069 1,414,966
e. Public Administration & Defense;
Compulsory Social Security 101,072 136,288 122,098 140,691 97,706 136,410 126,210 152,034 109,252 152,364 133,776 359,457 360,326 395,392
f. Other Services 273,583 302,551 284,394 322,312 298,281 337,801 305,275 347,447 327,771 378,205 332,888 860,528 941,358 1,038,863

GROSS DOMESTIC PRODUCT 2,885,754 3,140,859 3,043,114 3,575,325 3,037,132 3,317,608 3,184,384 3,768,233 3,269,988 3,608,194 3,480,227 9,069,727 9,539,124 10,358,408

Net Primary Income 663,149 664,348 655,300 678,132 663,562 681,098 698,369 746,618 717,282 715,692 720,533 1,982,797 2,043,029 2,153,507

GROSS NATIONAL INCOME 3,548,903 3,805,207 3,698,414 4,253,457 3,700,694 3,998,706 3,882,753 4,514,852 3,987,270 4,323,886 4,200,760 11,052,524 11,582,153 12,511,916

======================================================================================================================================================================
Source: Philippine Statistics Authority
NATIONAL ACCOUNTS OF THE PHILIPPINES Page 9
Unit: In million pesos As of November 2016

TABLE 5B. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN
1ST QUARTER 2014 TO 3RD QUARTER 2016
AT CONSTANT 2000 PRICES

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2014 2015 2016 FIRST TO THIRD QUARTER
INDUSTRY Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014 2015 2016
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. AGRI., HUNTING, FORESTRY AND FISHING 179,664 166,993 155,801 216,321 181,414 166,891 155,657 215,786 173,519 163,575 160,110 502,457 503,962 497,204
a. Agriculture and forestry 149,850 138,103 124,803 175,228 152,456 138,012 124,661 176,146 146,268 136,192 129,916 412,756 415,129 412,376
b. Fishing 29,814 28,890 30,997 41,093 28,958 28,879 30,997 39,640 27,251 27,383 30,194 89,701 88,834 84,828

2. INDUSTRY SECTOR 561,261 614,518 558,090 657,319 590,832 652,185 592,408 700,372 643,806 698,361 643,092 1,733,869 1,835,424 1,985,258
a. Mining & Quarrying 21,674 30,307 16,368 13,346 21,135 27,706 16,449 15,209 23,492 25,609 16,379 68,349 65,290 65,479
b. Manufacturing 400,802 414,742 378,608 472,363 424,988 434,160 400,662 501,178 459,043 461,133 428,372 1,194,151 1,259,810 1,348,548
c. Construction 87,323 108,954 98,541 114,460 90,695 127,003 106,211 123,851 101,916 141,941 122,680 294,817 323,908 366,537
d. Electricity, Gas and Water Supply 51,462 60,515 64,573 57,150 54,013 63,316 69,086 60,133 59,355 69,678 75,661 176,551 186,415 204,694

3. SERVICE SECTOR 942,035 1,053,277 1,002,957 1,062,051 994,112 1,124,152 1,075,033 1,144,988 1,069,816 1,217,305 1,148,796 2,998,268 3,193,296 3,435,916
a. Transport, Storage & Communication 130,050 144,019 119,066 144,909 140,956 153,595 128,651 158,088 148,588 164,453 134,948 393,135 423,201 447,989
b. Trade and Repair of Motor Vehicles,
Motorcycles, Personal
and Household Goods 255,154 288,374 312,034 330,248 270,314 307,620 338,276 354,316 290,476 334,665 360,104 855,562 916,210 985,245
c. Financial Intermediation 125,519 136,690 124,033 129,243 130,949 144,619 130,698 140,448 143,673 154,627 141,288 386,241 406,266 439,587
d. R. Estate, Renting & Business Activities 182,283 209,789 206,129 205,104 193,992 224,220 222,210 221,070 211,487 245,131 241,865 598,201 640,422 698,483
e. Public Administration & Defense;
Compulsory Social Security 68,889 83,322 71,140 70,181 66,134 82,685 72,967 75,297 69,570 87,978 75,638 223,351 221,785 233,186
f. Other Services 180,140 191,084 170,554 182,366 191,768 211,414 182,231 195,769 206,022 230,451 194,954 541,778 585,413 631,426

GROSS DOMESTIC PRODUCT 1,682,959 1,834,787 1,716,848 1,935,691 1,766,358 1,943,228 1,823,097 2,061,146 1,887,141 2,079,240 1,951,997 5,234,594 5,532,683 5,918,378

Net Primary Income 370,692 362,940 355,845 373,270 372,543 372,131 380,082 416,155 409,451 390,698 389,485 1,089,477 1,124,756 1,189,634

GROSS NATIONAL INCOME 2,053,651 2,197,727 2,072,693 2,308,961 2,138,900 2,315,359 2,203,179 2,477,300 2,296,592 2,469,938 2,341,482 6,324,071 6,657,439 7,108,012

======================================================================================================================================================================
Source: Philippine Statistics Authority
NATIONAL ACCOUNTS OF THE PHILIPPINES Page 3
Unit: In Percent As of November 2016

TABLE 2A. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY EXPENDITURE SHARES
1ST QUARTER 2014 TO 3RD QUARTER 2016
AT CURRENT PRICES
Percent Distribution
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2014 2015 2016 FIRST TO THIRD QUARTER
TYPE OF EXPENDITURE Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014 2015 2016
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Household Final Consumption

Expenditure 60.1 59.0 59.6 60.7 62.0 60.5 60.5 61.2 61.6 60.6 61.1 59.6 60.9 61.1
2. Government Final Consumption Expenditure 8.6 10.1 8.6 7.7 8.4 9.9 9.5 8.5 8.8 10.7 9.2 9.1 9.3 9.6

3. Capital Formation 17.0 15.2 17.7 17.8 15.9 15.0 18.6 18.3 18.9 19.3 20.3 16.6 16.5 19.5
A. Fixed Capital 17.9 17.1 17.3 16.1 17.4 17.5 18.3 17.7 19.5 19.5 20.5 17.4 17.7 19.8
1. Construction 8.6 9.8 9.1 9.0 8.7 10.8 9.5 9.2 9.3 11.4 10.3 9.2 9.7 10.4
2. Durable Equipment 7.8 5.9 6.9 5.6 7.2 5.4 7.5 7.0 8.6 6.7 8.8 6.8 6.7 8.0
3. Breeding Stock &
Orchard Dev't 1.2 1.1 1.0 1.1 1.1 1.0 1.0 1.1 1.1 1.0 1.0 1.1 1.1 1.1
4. Intellectual Property Products 0.3 0.3 0.3 0.4 0.3 0.3 0.4 0.4 0.4 0.3 0.4 0.3 0.3 0.4

4. Exports 25.9 23.7 26.0 20.3 26.0 22.8 25.2 20.0 24.7 22.8 24.4 25.2 24.6 23.9
A. Exports of Goods 15.9 14.5 18.3 13.9 14.9 12.5 16.8 12.7 12.9 11.2 15.5 16.2 14.7 13.2
B. Exports of Services 10.0 9.2 7.7 6.4 11.1 10.3 8.3 7.2 11.7 11.5 9.0 8.9 9.9 10.7

5. Less : Imports 29.9 25.3 29.7 23.0 29.5 25.7 31.5 24.7 31.9 29.2 33.0 28.2 28.9 31.3
A. Imports of Goods 23.2 19.9 23.7 17.1 22.9 19.6 25.2 18.0 24.8 22.4 26.3 22.3 22.5 24.5
B. Imports of Services 6.7 5.4 5.9 6.0 6.6 6.1 6.3 6.7 7.1 6.8 6.7 6.0 6.3 6.9

GROSS DOMESTIC PRODUCT 81.3 82.5 82.3 84.1 82.1 83.0 82.0 83.5 82.0 83.4 82.8 82.1 82.4 82.8

GROSS NATIONAL INCOME 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

======================================================================================================================================================================
Source: Philippine Statistics Authority
NATIONAL ACCOUNTS OF THE PHILIPPINES Page 4
Unit: In Percent As of November 2016

TABLE 2B. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY EXPENDITURE SHARES
1ST QUARTER 2014 TO 3RD QUARTER 2016
AT CONSTANT 2000 PRICES
Percent Distribution
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2014 2015 2016 FIRST TO THIRD QUARTER
TYPE OF EXPENDITURE Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014 2015 2016
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Household Final Consumption

Expenditure 56.5 55.2 56.5 60.9 57.6 55.8 56.4 60.5 57.4 56.2 56.9 56.1 56.6 56.8
2. Government Final Consumption Expenditure 9.0 10.0 8.1 6.7 8.7 9.7 8.9 7.3 9.0 10.3 8.6 9.1 9.1 9.3

3. Capital Formation 18.0 15.1 18.5 21.0 19.5 17.4 19.9 22.1 23.0 20.3 22.5 17.1 18.9 21.9
A. Fixed Capital 18.2 16.3 18.2 18.1 19.0 17.5 19.5 20.9 22.6 20.4 22.6 17.5 18.6 21.8
1. Construction 6.6 7.5 7.4 7.8 6.6 8.1 7.5 7.9 6.9 8.8 8.3 7.1 7.4 8.0
2. Durable Equipment 9.8 7.4 9.3 8.4 10.6 8.0 10.3 11.1 13.8 10.2 12.5 8.8 9.6 12.1
3. Breeding Stock &
Orchard Dev't 1.3 1.0 0.9 1.3 1.2 1.0 0.9 1.3 1.2 1.0 0.8 1.1 1.0 1.0
4. Intellectual Property Products 0.5 0.4 0.7 0.6 0.5 0.4 0.8 0.8 0.7 0.5 1.0 0.5 0.6 0.7

4. Exports 39.6 40.8 45.4 31.5 42.0 40.7 46.9 32.6 42.0 41.9 48.1 41.9 43.2 44.0
A. Exports of Goods 30.5 32.5 38.4 25.5 32.2 31.6 39.5 25.9 31.5 31.7 40.0 33.8 34.4 34.4
B. Exports of Services 9.0 8.3 7.1 6.0 9.8 9.1 7.5 6.7 10.4 10.2 8.0 8.1 8.8 9.6

5. Less : Imports 41.8 36.7 45.3 36.9 45.0 39.3 49.5 39.5 49.9 45.4 53.2 41.2 44.5 49.4
A. Imports of Goods 32.1 29.7 37.0 27.6 34.8 31.0 40.5 29.1 39.4 36.3 43.6 32.9 35.4 39.7
B. Imports of Services 9.8 7.0 8.2 9.3 10.2 8.2 9.0 10.4 10.5 9.1 9.6 8.3 9.1 9.7

GROSS DOMESTIC PRODUCT 81.9 83.5 82.8 83.8 82.6 83.9 82.7 83.2 82.2 84.2 83.4 82.8 83.1 83.3

GROSS NATIONAL INCOME 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

======================================================================================================================================================================
Source: Philippine Statistics Authority
NATIONAL ACCOUNTS OF THE PHILIPPINES Page 5
Unit: In Percent As of November 2016

TABLE 3A. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY EXPENDITURE SHARES
1ST QUARTER 2014 TO 3RD QUARTER 2016
AT CURRENT PRICES
Growth Rates
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14-15 15-16 FIRST TO THIRD QUARTER
TYPE OF EXPENDITURE Q1 Q2 Q3 Q4 Q1 Q2 Q3 14-15 15-16
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Household Final Consumption

Expenditure 7.4 7.7 6.5 7.0 7.2 8.3 9.4 7.2 8.3
2. Government Final Consumption Expenditure 2.0 3.6 16.1 16.3 12.6 16.9 5.2 7.1 11.7

3. Capital Formation -2.8 3.7 9.9 9.3 28.4 39.2 18.2 3.8 27.9
A. Fixed Capital 1.2 7.6 11.4 16.3 20.6 21.0 20.9 6.7 20.8
1. Construction 5.7 16.0 9.9 8.3 14.8 14.9 17.1 10.8 15.6
2. Durable Equipment -3.8 -4.8 14.0 31.7 29.0 36.0 27.3 1.9 30.3
3. Breeding Stock &
Orchard Dev't -1.4 3.9 6.3 6.7 7.3 7.8 10.8 2.8 8.6
4. Intellectual Property Products 12.1 -7.5 17.7 6.8 36.7 18.6 15.3 7.2 23.4

4. Exports 4.6 1.0 1.7 4.2 2.3 8.0 5.0 2.4 5.0
A. Exports of Goods -2.5 -9.7 -3.2 -3.1 -6.5 -2.8 -0.5 -5.0 -3.1
B. Exports of Services 15.8 18.0 13.3 20.2 14.2 21.0 16.2 15.8 17.2

5. Less : Imports 3.1 6.8 11.5 13.9 16.4 22.8 13.2 7.2 17.2
A. Imports of Goods 2.9 3.7 11.3 12.0 16.7 23.2 13.0 6.1 17.3
B. Imports of Services 3.7 18.4 12.4 19.3 15.4 21.6 14.0 11.1 17.0

GROSS DOMESTIC PRODUCT 5.2 5.6 4.6 5.4 7.7 8.8 9.3 5.2 8.6

GROSS NATIONAL INCOME 4.3 5.1 5.0 6.1 7.7 8.1 8.2 4.8 8.0

======================================================================================================================================================================
Source: Philippine Statistics Authority
NATIONAL ACCOUNTS OF THE PHILIPPINES Page 6
Unit: In Percent As of November 2016

TABLE 3B. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY EXPENDITURE SHARES
1ST QUARTER 2014 TO 3RD QUARTER 2016
AT CONSTANT 2000 PRICES
Growth Rates
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14-15 15-16 FIRST TO THIRD QUARTER
TYPE OF EXPENDITURE Q1 Q2 Q3 Q4 Q1 Q2 Q3 14-15 15-16
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Household Final Consumption

Expenditure 6.1 6.4 6.1 6.5 7.0 7.4 7.3 6.2 7.3
2. Government Final Consumption Expenditure 0.2 2.4 15.7 15.8 11.8 13.5 3.1 5.6 9.6

3. Capital Formation 12.5 21.4 14.5 13.3 26.6 25.0 20.0 15.9 23.8
A. Fixed Capital 8.8 12.7 13.9 24.2 28.2 24.6 23.5 11.8 25.4
1. Construction 4.5 14.3 8.5 7.6 13.0 15.4 16.8 9.4 15.2
2. Durable Equipment 12.4 13.8 18.2 42.0 39.8 36.2 29.6 14.8 35.1
3. Breeding Stock &
Orchard Dev't 0.1 2.3 3.6 2.6 4.1 3.6 3.4 1.8 3.7
4. Intellectual Property Products 15.9 -8.8 28.8 38.9 39.7 30.7 29.2 14.2 32.7

4. Exports 10.6 5.1 9.8 10.9 7.3 10.0 8.8 8.4 8.7
A. Exports of Goods 9.7 2.2 9.3 9.0 5.2 7.2 7.8 7.1 6.8
B. Exports of Services 13.3 16.3 12.8 19.1 14.1 19.5 14.2 14.2 16.1

5. Less : Imports 12.2 12.6 16.2 14.9 19.0 23.2 14.2 13.7 18.5
A. Imports of Goods 13.1 10.1 16.2 13.2 21.5 24.8 14.3 13.3 19.8
B. Imports of Services 8.9 23.2 16.2 19.9 10.3 17.3 13.5 15.5 13.5

GROSS DOMESTIC PRODUCT 5.0 5.9 6.2 6.5 6.8 7.0 7.1 5.7 7.0

GROSS NATIONAL INCOME 4.2 5.4 6.3 7.3 7.4 6.7 6.3 5.3 6.8

======================================================================================================================================================================
Source: Philippine Statistics Authority
NATIONAL ACCOUNTS OF THE PHILIPPINES Page 7
Base Year: 2000 As of November 2016

TABLE 4. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY EXPENDITURE SHARES
1ST QUARTER 2014 TO 3RD QUARTER 2016
Implicit Price Index

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2014 2015 2016 FIRST TO THIRD QUARTER
TYPE OF EXPENDITURE Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014 2015 2016
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Household Final Consumption

Expenditure 183.8 185.2 188.2 183.6 186.1 187.4 189.0 184.3 186.4 189.0 192.7 185.7 187.5 189.4
2. Government Final Consumption Expenditure 164.7 174.5 188.2 211.5 167.6 176.5 188.9 212.4 168.7 181.8 192.8 175.3 177.8 181.1

3. Capital Formation 163.0 174.8 171.1 156.6 140.8 149.2 164.2 151.1 142.8 166.1 161.8 169.5 151.7 156.7
A. Fixed Capital 170.6 181.1 169.8 164.1 158.7 172.8 166.2 153.7 149.3 167.9 162.6 173.7 165.9 159.9
1. Construction 226.4 226.5 220.8 211.1 228.9 229.8 223.6 212.5 232.5 228.8 224.2 224.5 227.5 228.3
2. Durable Equipment 137.1 138.5 132.8 123.8 117.4 115.9 128.1 114.8 108.3 115.7 125.8 136.0 120.7 116.4
3. Breeding Stock &
Orchard Dev't 162.4 179.8 194.7 156.3 160.0 182.6 199.8 162.5 165.0 189.9 214.0 177.1 178.7 187.0
4. Intellectual Property Products 113.6 129.7 86.5 130.5 109.9 131.5 79.1 100.3 107.6 119.4 70.5 107.0 100.4 93.4

4. Exports 113.2 100.7 102.0 118.8 107.0 96.8 94.5 111.6 102.0 95.1 91.2 105.0 99.2 95.8
A. Exports of Goods 90.2 77.4 84.9 100.7 80.2 68.3 75.2 89.6 71.2 62.0 69.4 83.9 74.5 67.6
B. Exports of Services 190.9 192.7 195.5 195.5 195.2 195.5 196.2 197.2 195.3 197.9 199.6 192.9 195.6 197.5

5. Less : Imports 123.5 119.1 116.9 115.0 113.5 113.1 112.2 113.9 111.0 112.7 111.2 119.8 112.9 111.6
A. Imports of Goods 125.1 116.0 114.4 113.8 113.8 109.4 109.6 112.5 109.3 107.9 108.3 118.3 110.8 108.5
B. Imports of Services 118.1 132.2 128.2 118.4 112.4 127.0 124.0 117.8 117.6 131.7 124.6 125.5 120.8 124.5

GROSS DOMESTIC PRODUCT 171.5 171.2 177.3 184.7 171.9 170.7 174.7 182.8 173.3 173.5 178.3 173.3 172.4 175.0

GROSS NATIONAL INCOME 172.8 173.1 178.4 184.2 173.0 172.7 176.2 182.2 173.6 175.1 179.4 174.8 174.0 176.0

======================================================================================================================================================================
Source: Philippine Statistics Authority
NATIONAL ACCOUNTS OF THE PHILIPPINES
Unit: In Percent

TABLE 4B. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY EXPENDITURE SHARES
1ST QUARTER 2014 TO 3RD QUARTER 2016
Inflation Rates

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14-15 15-16 FIRST TO THIRD QUARTER
TYPE OF EXPENDITURE Q1 Q2 Q3 Q4 Q1 Q2 Q3 14-15 15.-16
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Household Final Consumption

Expenditure 1.2 1.2 0.4 0.4 0.2 0.9 2.0 0.9 1.0
2. Government Final Consumption Expenditure 1.8 1.2 0.4 0.4 0.7 3.0 2.1 1.4 1.9

3. Capital Formation -13.6 -14.6 -4.0 -3.5 1.4 11.3 -1.5 -10.5 3.3
A. Fixed Capital -7.0 -4.6 -2.2 -6.3 -5.9 -2.9 -2.1 -4.5 -3.6
1. Construction 1.1 1.4 1.3 0.7 1.6 -0.4 0.3 1.3 0.4
2. Durable Equipment -14.4 -16.3 -3.5 -7.3 -7.7 -0.2 -1.8 -11.2 -3.6
3. Breeding Stock &
Orchard Dev't -1.4 1.6 2.6 4.0 3.1 4.0 7.1 0.9 4.7
4. Intellectual Property Products -3.2 1.4 -8.6 -23.1 -2.1 -9.3 -10.8 -6.1 -7.0

4. Exports -5.4 -3.9 -7.4 -6.0 -4.7 -1.8 -3.5 -5.6 -3.4
A. Exports of Goods -11.1 -11.7 -11.4 -11.1 -11.1 -9.3 -7.7 -11.2 -9.3
B. Exports of Services 2.2 1.4 0.4 0.9 0.1 1.3 1.8 1.4 1.0

5. Less : Imports -8.1 -5.1 -4.0 -0.9 -2.1 -0.3 -0.9 -5.8 -1.1
A. Imports of Goods -9.1 -5.8 -4.2 -1.1 -3.9 -1.3 -1.2 -6.3 -2.1
B. Imports of Services -4.8 -3.9 -3.3 -0.5 4.6 3.7 0.5 -3.8 3.0

GROSS DOMESTIC PRODUCT 0.3 -0.3 -1.5 -1.0 0.8 1.6 2.1 -0.5 1.5

GROSS NATIONAL INCOME 0.1 -0.3 -1.2 -1.1 0.3 1.4 1.8 -0.5 1.2

======================================================================================================================================================================
Source: Philippine Statistics Authority
NATIONAL ACCOUNTS OF THE PHILIPPINES Page 10
Unit: In Percent As of November 2016

TABLE 6A. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN
1ST QUARTER 2014 TO 3RD QUARTER 2016
AT CURRENT PRICES
Percent Distribution
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2014 2015 2016 FIRST TO THIRD QUARTER
INDUSTRY Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014 2015 2016
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. AGRI., HUNTING, FORESTRY AND FISHING 9.8 8.6 8.5 10.4 9.2 7.7 7.8 9.2 8.4 7.2 7.8 8.9 8.2 7.8
a. Agriculture and forestry 8.5 7.4 7.1 9.2 8.0 6.5 6.4 8.1 7.3 6.2 6.5 7.6 7.0 6.7
b. Fishing 1.4 1.2 1.4 1.2 1.2 1.1 1.4 1.1 1.1 1.0 1.2 1.3 1.2 1.1

2. INDUSTRY SECTOR 25.8 25.4 24.3 27.6 25.7 25.2 23.4 27.1 25.5 25.0 23.6 25.2 24.8 24.7
a. Mining & Quarrying 1.0 1.0 0.8 0.6 0.8 0.7 0.6 0.6 0.7 0.6 0.7 0.9 0.7 0.7
b. Manufacturing 17.0 15.2 15.8 19.7 17.1 14.7 14.9 19.3 16.7 14.4 14.7 16.0 15.5 15.2
c. Construction 5.0 5.7 5.2 5.1 5.0 6.4 5.4 5.2 5.3 6.7 5.8 5.3 5.6 6.0
d. Electricity, Gas and Water Supply 2.9 3.4 2.6 2.3 2.9 3.3 2.4 2.1 2.8 3.2 2.4 2.9 2.9 2.8

3. SERVICE SECTOR 45.7 48.6 49.4 46.0 47.1 50.0 50.9 47.1 48.1 51.2 51.4 47.9 49.4 50.3
a. Transport, Storage & Communication 5.2 5.6 4.9 4.8 5.5 5.8 5.1 4.9 5.4 5.7 5.0 5.3 5.5 5.4

b. Trade and Repair of Motor Vehicles,

Motorcycles, Personal and
Household Goods 13.2 14.3 16.2 14.8 13.5 14.6 16.7 15.0 13.6 15.0 16.9 14.6 15.0 15.2
c. Financial Intermediation 6.7 6.9 6.5 5.9 6.9 7.0 6.5 6.1 7.1 7.1 6.7 6.7 6.8 6.9
d. R. Estate, Renting & Business Activities 10.0 10.3 10.8 9.6 10.5 10.8 11.4 10.0 11.0 11.1 11.8 10.4 10.9 11.3
e. Public Administration & Defense;
Compulsory Social Security 2.8 3.6 3.3 3.3 2.6 3.4 3.3 3.4 2.7 3.5 3.2 3.3 3.1 3.2
f. Other Services 7.7 8.0 7.7 7.6 8.1 8.4 7.9 7.7 8.2 8.7 7.9 7.8 8.1 8.3

GROSS DOMESTIC PRODUCT 81.3 82.5 82.3 84.1 82.1 83.0 82.0 83.5 82.0 83.4 82.8 82.1 82.4 82.8

GROSS NATIONAL INCOME 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

======================================================================================================================================================================
Source: Philippine Statistics Authority
NATIONAL ACCOUNTS OF THE PHILIPPINES Page 11
Unit: In Percent As of November 2016

TABLE 6B. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN
1ST QUARTER 2014 TO 3RD QUARTER 2016
AT CONSTANT 2000 PRICES
Percent Distribution
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2014 2015 2016 FIRST TO THIRD QUARTER
INDUSTRY Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014 2015 2016
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. AGRI., HUNTING, FORESTRY AND FISHING 8.7 7.6 7.5 9.4 8.5 7.2 7.1 8.7 7.6 6.6 6.8 7.9 7.6 7.0
a. Agriculture and forestry 7.3 6.3 6.0 7.6 7.1 6.0 5.7 7.1 6.4 5.5 5.5 6.5 6.2 5.8
b. Fishing 1.5 1.3 1.5 1.8 1.4 1.2 1.4 1.6 1.2 1.1 1.3 1.4 1.3 1.2

2. INDUSTRY SECTOR 27.3 28.0 26.9 28.5 27.6 28.2 26.9 28.3 28.0 28.3 27.5 27.4 27.6 27.9
a. Mining & Quarrying 1.1 1.4 0.8 0.6 1.0 1.2 0.7 0.6 1.0 1.0 0.7 1.1 1.0 0.9
b. Manufacturing 19.5 18.9 18.3 20.5 19.9 18.8 18.2 20.2 20.0 18.7 18.3 18.9 18.9 19.0
c. Construction 4.3 5.0 4.8 5.0 4.2 5.5 4.8 5.0 4.4 5.7 5.2 4.7 4.9 5.2
d. Electricity, Gas and Water Supply 2.5 2.8 3.1 2.5 2.5 2.7 3.1 2.4 2.6 2.8 3.2 2.8 2.8 2.9

3. SERVICE SECTOR 45.9 47.9 48.4 46.0 46.5 48.6 48.8 46.2 46.6 49.3 49.1 47.4 48.0 48.3
a. Transport, Storage & Communication 6.3 6.6 5.7 6.3 6.6 6.6 5.8 6.4 6.5 6.7 5.8 6.2 6.4 6.3
b. Trade and Repair of Motor Vehicles,
Motorcycles, Personal and
Household Goods 12.4 13.1 15.1 14.3 12.6 13.3 15.4 14.3 12.6 13.5 15.4 13.5 13.8 13.9
c. Financial Intermediation 6.1 6.2 6.0 5.6 6.1 6.2 5.9 5.7 6.3 6.3 6.0 6.1 6.1 6.2
d. R. Estate, Renting & Business Activities 8.9 9.5 9.9 8.9 9.1 9.7 10.1 8.9 9.2 9.9 10.3 9.5 9.6 9.8
e. Public Administration & Defense;
Compulsory Social Security 3.4 3.8 3.4 3.0 3.1 3.6 3.3 3.0 3.0 3.6 3.2 3.5 3.3 3.3
f. Other Services 8.8 8.7 8.2 7.9 9.0 9.1 8.3 7.9 9.0 9.3 8.3 8.6 8.8 8.9

GROSS DOMESTIC PRODUCT 81.9 83.5 82.8 83.8 82.6 83.9 82.7 83.2 82.2 84.2 83.4 82.8 83.1 83.3

GROSS NATIONAL INCOME 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

======================================================================================================================================================================
Source: Philippine Statistics Authority
NATIONAL ACCOUNTS OF THE PHILIPPINES Page 12
Unit: In Percent As of November 2016

TABLE 7A. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN
1ST QUARTER 2014 TO 3RD QUARTER 2016
AT CURRENT PRICES
Growth Rates
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14-15 15-16 FIRST TO THIRD QUARTER
INDUSTRY Q1 Q2 Q3 Q4 Q1 Q2 Q3 14-15 15-16
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. AGRI., HUNTING, FORESTRY AND FISHING -2.3 -5.6 -3.8 -6.1 -1.8 1.3 8.0 -3.9 2.3
a. Agriculture and forestry -1.8 -6.7 -5.2 -6.4 -1.2 2.5 10.6 -4.5 3.6
b. Fishing -5.2 1.6 3.4 -3.4 -5.5 -5.9 -3.9 0.0 -5.0

2. INDUSTRY SECTOR 3.9 4.5 0.8 4.2 6.8 7.2 9.5 3.1 7.8
a. Mining & Quarrying -15.4 -26.0 -17.3 -5.1 3.0 -6.3 18.3 -20.0 4.3
b. Manufacturing 4.6 1.7 -1.0 4.0 5.1 6.0 6.8 1.8 6.0
c. Construction 5.3 17.6 9.2 8.4 14.6 12.8 17.5 11.2 14.8
d. Electricity, Gas and Water Supply 3.7 4.1 0.6 -0.7 4.5 4.6 5.7 3.0 4.9

3. SERVICE SECTOR 7.6 8.2 8.0 8.7 10.0 10.7 9.4 7.9 10.0
a. Transport, Storage & Communication 10.0 8.8 8.3 9.2 6.0 7.4 6.1 9.0 6.6
b. Trade and Repair of Motor Vehicles,
Motorcycles, Personal and
Household Goods 6.7 7.3 8.2 7.4 8.6 11.1 9.3 7.5 9.7
c. Financial Intermediation 6.9 7.5 6.0 9.7 11.0 8.6 10.3 6.8 9.9
d. R. Estate, Renting & Business Activities 10.1 9.7 10.6 10.8 12.7 12.0 11.8 10.1 12.1
e. Public Administration & Defense;
Compulsory Social Security -3.3 0.1 3.4 8.1 11.8 11.7 6.0 0.2 9.7
f. Other Services 9.0 11.7 7.3 7.8 9.9 12.0 9.0 9.4 10.4

GROSS DOMESTIC PRODUCT 5.2 5.6 4.6 5.4 7.7 8.8 9.3 5.2 8.6

GROSS NATIONAL INCOME 4.3 5.1 5.0 6.1 7.7 8.1 8.2 4.8 8.0

======================================================================================================================================================================
Source: Philippine Statistics Authority
NATIONAL ACCOUNTS OF THE PHILIPPINES Page 13
Unit: In Percent As of November 2016

TABLE 7B. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN
1ST QUARTER 2014 TO 3RD QUARTER 2016
AT CONSTANT 2000 PRICES
Growth Rates
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14-15 15-16 FIRST TO THIRD QUARTER
INDUSTRY Q1 Q2 Q3 Q4 Q1 Q2 Q3 14-15 15-16
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. AGRI., HUNTING, FORESTRY AND FISHING 1.0 -0.1 -0.1 -0.2 -4.4 -2.0 2.9 0.3 -1.3
a. Agriculture and forestry 1.7 -0.1 -0.1 0.5 -4.1 -1.3 4.2 0.6 -0.7
b. Fishing -2.9 0.0 0.0 -3.5 -5.9 -5.2 -2.6 -1.0 -4.5

2. INDUSTRY SECTOR 5.3 6.1 6.1 6.5 9.0 7.1 8.6 5.9 8.2
a. Mining & Quarrying -2.5 -8.6 0.5 14.0 11.1 -7.6 -0.4 -4.5 0.3
b. Manufacturing 6.0 4.7 5.8 6.1 8.0 6.2 6.9 5.5 7.0
c. Construction 3.9 16.6 7.8 8.2 12.4 11.8 15.5 9.9 13.2
d. Electricity, Gas and Water Supply 5.0 4.6 7.0 5.2 9.9 10.0 9.5 5.6 9.8

3. SERVICE SECTOR 5.5 6.7 7.2 7.8 7.6 8.3 6.9 6.5 7.6
a. Transport, Storage & Communication 8.4 6.6 8.0 9.1 5.4 7.1 4.9 7.6 5.9
b. Trade and Repair of Motor Vehicles,
Motorcycles, Personal and
Household Goods 5.9 6.7 8.4 7.3 7.5 8.8 6.5 7.1 7.5
c. Financial Intermediation 4.3 5.8 5.4 8.7 9.7 6.9 8.1 5.2 8.2
d. R. Estate, Renting & Business Activities 6.4 6.9 7.8 7.8 9.0 9.3 8.8 7.1 9.1
e. Public Administration & Defense;
Compulsory Social Security -4.0 -0.8 2.6 7.3 5.2 6.4 3.7 -0.7 5.1
f. Other Services 6.5 10.6 6.8 7.3 7.4 9.0 7.0 8.1 7.9

GROSS DOMESTIC PRODUCT 5.0 5.9 6.2 6.5 6.8 7.0 7.1 5.7 7.0

GROSS NATIONAL INCOME 4.2 5.4 6.3 7.3 7.4 6.7 6.3 5.3 6.8

======================================================================================================================================================================
Source: Philippine Statistics Authority
NATIONAL ACCOUNTS OF THE PHILIPPINES
Base Year: 2000 Page 14
As of November 2016
TABLE 8. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN
1ST QUARTER 2014 TO 3RD QUARTER 2016
Implicit Price Index

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2014 2015 2016 FIRST TO THIRD QUARTER
INDUSTRY Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014 2015 2016
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. AGRI., HUNTING, FORESTRY AND FISHING 193.8 194.9 201.7 205.0 187.5 184.1 194.2 193.0 192.5 190.2 204.0 196.6 188.4 195.4
a. Agriculture and forestry 200.3 203.2 210.3 224.0 193.3 189.6 199.6 208.4 199.0 197.0 211.8 204.3 194.0 202.4
b. Fishing 160.7 154.9 167.2 124.1 156.9 157.5 172.8 124.3 157.6 156.4 170.5 161.1 162.7 161.8

2. INDUSTRY SECTOR 163.4 157.2 161.3 178.9 161.3 154.7 153.2 175.0 158.1 154.9 154.5 160.5 156.3 155.8
a. Mining & Quarrying 157.6 130.8 183.6 197.4 136.8 105.9 151.1 164.4 126.7 107.4 179.5 151.9 127.3 132.4
b. Manufacturing 150.6 139.6 154.5 177.0 148.6 135.7 144.6 173.5 144.6 135.4 144.4 148.0 142.9 141.4
c. Construction 202.2 200.6 193.6 189.6 204.9 202.4 196.2 190.0 209.0 204.2 199.5 198.7 201.1 204.0
d. Electricity, Gas and Water Supply 199.6 212.3 146.4 168.6 197.1 211.3 137.6 159.2 187.4 200.8 132.9 184.5 179.9 171.8

3. SERVICE SECTOR 172.0 175.6 182.3 184.2 175.5 178.0 183.7 185.7 179.3 182.0 188.0 176.7 179.1 183.2
a. Transport, Storage & Communication 143.2 147.0 153.2 141.1 145.3 150.0 153.6 141.3 146.2 150.5 155.4 147.7 149.5 150.5
b. Trade and Repair of Motor Vehicles,
Motorcycles, Personal and
Household Goods 183.8 188.9 192.2 191.1 185.2 190.1 191.8 191.3 187.2 194.2 196.9 188.6 189.3 193.1
c. Financial Intermediation 189.1 191.4 193.3 193.5 193.7 194.6 194.5 195.4 195.9 197.6 198.4 191.3 194.3 197.3
d. R. Estate, Renting & Business Activities 193.8 187.1 194.1 198.7 200.6 192.0 199.1 204.2 207.3 196.7 204.5 191.6 197.1 202.6
e. Public Administration & Defense;
Compulsory Social Security 146.7 163.6 171.6 200.5 147.7 165.0 173.0 201.9 157.0 173.2 176.9 160.9 162.5 169.6
f. Other Services 151.9 158.3 166.7 176.7 155.5 159.8 167.5 177.5 159.1 164.1 170.8 158.8 160.8 164.5

GROSS DOMESTIC PRODUCT 171.5 171.2 177.3 184.7 171.9 170.7 174.7 182.8 173.3 173.5 178.3 173.3 172.4 175.0

GROSS NATIONAL INCOME 172.8 173.1 178.4 184.2 173.0 172.7 176.2 182.2 173.6 175.1 179.4 174.8 174.0 176.0

======================================================================================================================================================================
Source: Philippine Statistics Authority
NATIONAL ACCOUNTS OF THE PHILIPPINES
Unit: In Percent

TABLE 8B. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN
1ST QUARTER 2014 TO 3RD QUARTER 2016
Inflation Rates

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14-15 15-16 FIRST TO THIRD QUARTER
INDUSTRY Q1 Q2 Q3 Q4 Q1 Q2 Q3 14-15 15-16
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. AGRI., HUNTING, FORESTRY AND FISHING -3.2 -5.5 -3.7 -5.9 2.7 3.3 5.0 -4.2 3.7
a. Agriculture and forestry -3.5 -6.7 -5.1 -6.9 3.0 3.9 6.1 -5.1 9.7
b. Fishing -2.4 1.7 3.4 0.1 0.4 -0.7 -1.4 1.0 7.5

2. INDUSTRY SECTOR -1.3 -1.5 -5.0 -2.2 -1.9 0.1 0.8 -2.6 1.2
a. Mining & Quarrying -13.2 -19.0 -17.7 -16.7 -7.3 1.4 18.8 -16.2 -5.0
b. Manufacturing -1.3 -2.8 -6.4 -2.0 -2.7 -0.2 -0.1 -3.5 5.8
c. Construction 1.3 0.9 1.3 0.2 2.0 0.9 1.7 1.2 -4.9
d. Electricity, Gas and Water Supply -1.2 -0.5 -6.0 -5.6 -5.0 -5.0 -3.5 -2.5 -11.9

3. SERVICE SECTOR 2.0 1.4 0.7 0.8 2.2 2.2 2.4 1.4 -0.8
a. Transport, Storage & Communication 1.5 2.0 0.2 0.1 0.6 0.3 1.2 1.3 -2.8
b. Trade and Repair of Motor Vehicles,
Motorcycles, Personal and
Household Goods 0.7 0.6 -0.2 0.1 1.1 2.2 2.6 0.4 2.5
c. Financial Intermediation 2.4 1.6 0.6 1.0 1.1 1.5 2.0 1.6 -5.2
d. R. Estate, Renting & Business Activities 3.5 2.6 2.6 2.8 3.4 2.4 2.7 2.9 -3.8
e. Public Administration & Defense;
Compulsory Social Security 0.7 0.9 0.8 0.7 6.3 5.0 2.3 0.9 9.5
f. Other Services 2.4 0.9 0.5 0.4 2.3 2.7 1.9 1.2 -2.4

GROSS DOMESTIC PRODUCT 0.3 -0.3 -1.5 -1.0 0.8 1.6 2.1 -0.5 0.6

GROSS NATIONAL INCOME 0.1 -0.3 -1.2 -1.1 0.3 1.4 1.8 -0.5 0.2

======================================================================================================================================================================
Source: Philippine Statistics Authority
NATIONAL ACCOUNTS OF THE PHILIPPINES Page 23
Base Year: 2000 As of November 2016
TABLE 14. INDICATORS DERIVED FROM THE NATIONAL ACCOUNTS
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2014 2015 2016 FIRST TO THIRD QUARTER
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014 2015 2016
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1. Labor Productivity (in pesos, constant)
Total 46,212 47,454 44,648 49,838
### 45,925 49,624 46,538 51,815 47,123 52,090 47,640 136,131 141,233 144,443
Growth Rate 10.0 4.5 4.9 ###
3.6 -0.6 4.6 4.2 4.0 2.6 5.0 2.4 5.3 3.7 2.3
Agriculture, Hunting, Forestry and Fishing 16,411 14,054 13,461 18,107
### 15,788 14,537 14,195 18,347 16,050 16,397 14,551 43,411 45,959 45,185
Industry 97,121 96,751 91,470 108,683
### 97,450 100,756 91,497 110,443 96,098 95,583 88,138 284,177 283,480 272,088
Services 47,839 51,555 48,273 50,952
### 47,546 53,012 49,463 52,822 47,471 53,783 50,666 144,308 146,926 151,538
Labor Productivity Total (GVA/total number
of hours worked, in pesos, constant)* 88.4 90.0 78.1 92.5
### 80.4 96.6 84.7 95.4 85.1 94.8 85.5 85.5 87.3 88.5
2. Terms of Trade (in percent) 91.6 84.5 87.3 103.3
### 94.3 85.6 84.2 98.0 91.9 84.4 82.0 87.7 87.9 85.8
3. Trading Gains/Losses (in million pesos, constant) -72,990 -142,642 -127,815 26,028
### -54,467 -143,086 -181,989 -17,972 -89,094 -182,437.7 -234,853.7 -343,448 -379,543 -506,385
4. Trade Balance (in million pesos, current)
Total -141,497 -59,305 -136,319 -114,855 ### -132,001 -115,949 -246,093 -214,432 -289,297 -277,623 -358,733 -337,121 -494,043 -925,653
Goods/Merchandise -258,280 -204,165 -203,120 -132,114 ### -295,861 -286,099 -323,726 -237,381 -473,479 -482,166 -454,268 -665,564 -905,686 -1,409,913
5. Sectoral Contribution to GNI (constant) Growth
by Industrial Origin (in percentage points)
Agriculture, Hunting, Forestry and Fishing 0.1 0.3 -0.2 ###
0.4 0.1 0.0 0.0 0.0 -0.4 -0.1 0.2 0.1 0.0 -0.1
Industry 1.3 2.5 2.0 ###
2.5 1.4 1.7 1.7 1.9 2.5 2.0 2.3 2.0 1.6 2.3
Services 3.2 3.0 2.8 ###
2.6 2.5 3.2 3.5 3.6 3.5 4.0 3.3 3.0 3.1 3.6
NPI 1.9 1.5 -0.5 ###
0.2 0.1 0.4 1.2 1.9 1.7 0.8 0.4 1.0 0.6 1.0
Total GNI 6.6 7.2 4.1 ###
5.7 4.2 5.4 6.3 7.3 7.4 6.7 6.3 6.0 5.3 6.8
6. Share of Top Five Exports to Total Merchandise
Exports (in percent, current) 40.2 45.4 44.7 50.3
### 42.7 55.0 52.0 56.5 47.9 55.5 53.2 43.4 49.9 52.2
7. Share of Top Five Imports to Total Merchandise
Imports (in percent, current) 52.7 43.5 44.8 43.7
### 43.5 36.3 37.3 39.8 45.2 41.4 38.1 47.0 39.0 41.6
8. Total Exports (in million, current)
Pesos 919,227 902,640 960,916 864,690
### 961,091 911,851 977,307 901,008 983,367 984,543 1,026,212 2,782,783 2,850,250 2,994,122
US $ (FOB) 20,490 20,461 21,958 19,301
### 21,640 20,416 21,881 19,227 20,797 21,166 21,810 62,908 63,937 63,773
Share to GDP (in percent) 31.9 28.7 31.6 24.2
### 31.6 27.5 30.7 23.9 30.1 27.3 29.5 30.7 29.9 28.9
9. Total Imports (in million, current)
Pesos 1,060,724 961,945 1,097,235 979,545
### 1,093,092 1,027,800 1,223,401 1,115,440 1,272,664 1,262,166 1,384,944 3,119,904 3,344,292 3,919,774
US $ (CIF) 23,644 21,805 25,073 21,865
### 24,612 23,012 27,391 23,803 26,916 27,135 29,434 70,522 75,015 83,484
Share to GDP (in percent) 36.8 30.6 36.1 27.4
### 36.0 31.0 38.4 29.6 38.9 35.0 39.8 34.4 35.1 37.8
10. Fixed Capital Formation/GNI (in percent, current) 17.9 17.1 17.3 16.1
### 17.4 17.5 18.3 17.7 19.5 19.5 20.5 17.4 17.7 19.8
11. GNI IPIN (in percent) 172.8 173.1 178.4 184.2
### 173.0 172.7 176.2 182.2 173.6 175.1 179.4 174.8 174.0 176.0
12. Ratio of NPI to GNI (in percent, current) 18.7 17.5 17.7 15.9
### 17.9 17.0 18.0 16.5 18.0 16.6 17.2 17.9 17.6 17.2
13. Inflow of Compensation (in million, current)
Pesos 745,087 738,044 729,125 739,716
### 739,495 752,134 767,827 776,368 779,104 767,433 777,615 2,212,256 2,259,457 2,324,153
US $ 16,608 16,730 16,661 16,512
### 16,650 16,840 17,191 16,567 16,477 16,499 16,526 49,999 50,682 49,502
Growth Rate (pesos) 17.9 12.1 1.7 ###
2.1 -0.8 1.9 5.3 5.0 5.4 2.0 1.3 10.2 2.1 2.9
Growth Rate (US $) 7.0 3.4 1.5 -0.4
### 0.3 0.7 3.2 0.3 -1.0 -2.0 -3.9 3.9 1.4 -2.3
Share to GNI (in percent) 21.0 19.4 19.7 17.4
### 20.0 18.8 19.8 17.2 19.5 17.7 18.5 20.0 19.5 18.6
Share to GDP (in percent) 25.8 23.5 24.0 20.7
### 24.3 22.7 24.1 20.6 23.8 21.3 22.3 24.4 23.7 22.4
14. (Exports-Imports)/GDP (in percent, current) -4.9 -1.9 -4.5 -3.2
### -4.3 -3.5 -7.7 -5.7 -8.8 -7.7 -10.3 -3.7 -5.2 -8.9
15. (Exports+Imports)/GDP (in percent, current) 68.6 59.4 67.6 51.6
### 67.6 58.5 69.1 53.5 69.0 62.3 69.3 65.1 64.9 66.7
16. Fixed Capital Formation/GDP (in percent, current) 22.0 20.7 21.0 19.2
### 21.2 21.0 22.4 21.2 23.7 23.4 24.7 21.2 21.5 24.0
17. HFCE/GDP (in percent, current) 74.0 71.5 72.4 72.2
### 75.5 72.9 73.7 73.3 75.2 72.6 73.8 72.6 74.0 73.8
18. National Government Debt Service** (in million pesos) 193,232 102,389 133,636 85,750
### 210,805 116,121 116,121 74,595 175,400 117,329 147,807 429,257 443,047 440,536
19. Debt Service/GDP 6.7 3.3 4.4 ###
2.4 6.9 3.5 3.6 2.0 5.4 3.3 4.2 4.7 4.6 4.3
============================================================================================================================================================================
1/ Please refer to the Technical Notes on the Estimates of the Philippine System of National Accounts (PSNA) Series 2004-Q2 for the definition of these indicators. (www.psa.gov.ph)
* This is another way of computing labor productivity, that is, GVA divided by total number of hours worked.
Source: Philippine Statistics Authority