ISSN-0118-1380

Q1 2017 to Q1 2020
National Accounts
of the Philippines
Base year 2018
 Table of Contents
Page

Highlights

Infographics

Tables
Table 1.1 Gross National Income and Gross Domestic Product, by Expenditure, 1
at Current Prices

Table 1.2 Gross National Income and Gross Domestic Product, by Expenditure, 2
at Constant 2018 Prices

Table 1.3 Gross National Income and Gross Domestic Product, by Expenditure, 3
Growth Rates, at Current Prices

Table 1.4 Gross National Income and Gross Domestic Product, by Expenditure, 4
Growth Rates, at Current Prices

Table 1.5 Gross National Income and Gross Domestic Product, by Expenditure, 5
Implict Price Index

Table 1.6 Gross National Income and Gross Domestic Product, by Expenditure, 6
Percent Share to GDP and GNI, at Current Prices

Table 1.7 Gross National Income and Gross Domestic Product, by Expenditure, 7
Percent Share to GDP and GNI, at Constant 2018 Prices

Table 2.1 Gross National Income and Gross Domestic Product, by Industry, 8
at Current Prices

Table 2.2 Gross National Income and Gross Domestic Product, by Industry, 9
at Constant 2018 Prices

Table 2.3 Gross National Income and Gross Domestic Product, by Industry, 10
Growth Rates, at Current Prices

Table 2.4 Gross National Income and Gross Domestic Product, by Industry, 11
Growth Rates, at Current Prices

Table 2.5 Gross National Income and Gross Domestic Product, by Industry, 12
Implict Price Index

Table 2.6 Gross National Income and Gross Domestic Product, by Industry, 13
Percent Share to GDP and GNI, at Current Prices

Table 2.7 Gross National Income and Gross Domestic Product, by Industry, 14
Percent Share to GDP and GNI, at Constant 2018 Prices

Table 3.1 Net Primary Income From the Rest of the World, at Current Prices 15

Table 3.2 Net Primary Income From the Rest of the World, at Constant 2018 Prices 15

Table 3.3 Net Primary Income From the Rest of the World, Growth Rates, 16
at Current Prices

Table 3.4 Net Primary Income From the Rest of the World, Growth Rates, 16
at Current Prices

Table 3.5 Net Primary Income From the Rest of the World, Implict Price Index 17

Table 4.1 Per Capita: Gross Domestic Product, Gross National Income, 18
and Household Final Consumption Expenditure
 Page

Table 4.2 Per Capita: Gross Domestic Product, Gross National Income, 18
and Household Final Consumption Expenditure, Growth Rates

Table 5.1 Household Final Consumption Expenditure, by Purpose, 19

at Current Prices

Table 5.2 Household Final Consumption Expenditure, by Purpose, 19

at Constant 2018 Prices

Table 5.3 Household Final Consumption Expenditure, by Purpose, 20

Growth Rates, at Current Prices

Table 5.4 Household Final Consumption Expenditure, by Purpose, 20

Growth Rates, at Current Prices

Table 5.5 Household Final Consumption Expenditure, by Purpose, 21

Implict Price Index

Table 5.6 Household Final Consumption Expenditure, by Purpose, 22

Percent Share, at Current Prices

Table 5.7 Household Final Consumption Expenditure, by Purpose, 22

Percent Share, at Constant 2018 Prices

Table 6.1 Gross Domestic Capital Formation in Durable Equipment, 23

by Major Type of Equipment, at Current Prices

Table 6.2 Gross Domestic Capital Formation in Durable Equipment, 24

by Major Type of Equipment, at Constant 2018 Prices

Table 6.3 Gross Domestic Capital Formation in Durable Equipment, 25

by Major Type of Equipment, Growth Rates, at Current Prices

Table 6.4 Gross Domestic Capital Formation in Durable Equipment, 26

by Major Type of Equipment, Growth Rates, at Current Prices

Table 6.5 Gross Domestic Capital Formation in Durable Equipment, 27

by Major Type of Equipment, Implict Price Index

Table 6.6 Gross Domestic Capital Formation in Durable Equipment, 28

by Major Type of Equipment, Percent Share, at Current Prices

Table 6.7 Gross Domestic Capital Formation in Durable Equipment, 29

by Major Type of Equipment, Percent Share, at Constant 2018 Prices

Table 7.1.1 Exports of Goods, at Current Prices 30

Table 7.1.2 Exports of Goods, at Constant 2018 Prices 31

Table 7.1.3 Exports of Goods, Growth Rates, at Current Prices 32

Table 7.1.4 Exports of Goods, Growth Rates, at Current Prices 33

Table 7.1.5 Exports of Goods, Implict Price Index 34

Table 7.1.6 Exports of Goods, Percent Share, at Current Prices 35

Table 7.1.7 Exports of Goods, Percent Share, at Constant 2018 Prices 36

Table 7.2.1 Exports of Services, at Current Prices 37

Table 7.2.2 Exports of Services, at Constant 2018 Prices 37

 Page

Table 7.2.3 Exports of Services, Growth Rates, at Current Prices 38

Table 7.2.4 Exports of Services, Growth Rates, at Current Prices 38

Table 7.2.5 Exports of Services, Implict Price Index 39

Table 7.2.6 Exports of Services, Percent Share, at Current Prices 40

Table 7.2.7 Exports of Services, Percent Share, at Constant 2018 Prices 40

Table 8.1.1 Imports of Goods, at Current Prices 41

Table 8.1.2 Imports of Goods, at Constant 2018 Prices 42

Table 8.1.3 Imports of Goods, Growth Rates, at Current Prices 43

Table 8.1.4 Imports of Goods, Growth Rates, at Current Prices 44

Table 8.1.5 Imports of Goods, Implict Price Index 45

Table 8.1.6 Imports of Goods, Percent Share, at Current Prices 46

Table 8.1.7 Imports of Goods, Percent Share, at Constant 2018 Prices 47

Table 8.2.1 Imports of Services, at Current Prices 48

Table 8.2.2 Imports of Services, at Constant 2018 Prices 48

Table 8.2.3 Imports of Services, Growth Rates, at Current Prices 49

Table 8.2.4 Imports of Services, Growth Rates, at Current Prices 49

Table 8.2.5 Imports of Services, Implict Price Index 50

Table 8.2.6 Imports of Services, Percent Share, at Current Prices 51

Table 8.2.7 Imports of Services, Percent Share, at Constant 2018 Prices 51

Table 9.1 Gross Value Added in Agriculture, Forestry, and Fishing, by Industry, 52
at Current Prices

Table 9.2 Gross Value Added in Agriculture, Forestry, and Fishing, by Industry, 53
at Constant 2018 Prices

Table 9.3 Gross Value Added in Agriculture, Forestry, and Fishing, by Industry, 54
Growth Rates, at Current Prices

Table 9.4 Gross Value Added in Agriculture, Forestry, and Fishing, by Industry, 55
Growth Rates, at Current Prices

Table 9.5 Gross Value Added in Agriculture, Forestry, and Fishing, by Industry, 56
Implict Price Index

Table 9.6 Gross Value Added in Agriculture, Forestry, and Fishing, by Industry, 57
Percent Share, at Current Prices

Table 9.7 Gross Value Added in Agriculture, Forestry, and Fishing, by Industry, 58
Percent Share, at Constant 2018 Prices

Table 10.1 Gross Value Added in Mining and Quarrying, by Industry, 59

at Current Prices
 Page

Table 10.2 Gross Value Added in Mining and Quarrying, by Industry, 59

at Constant 2018 Prices

Table 10.3 Gross Value Added in Mining and Quarrying, by Industry, 60

Growth Rates, at Current Prices

Table 10.4 Gross Value Added in Mining and Quarrying, by Industry, 60

Growth Rates, at Current Prices

Table 10.5 Gross Value Added in Mining and Quarrying, by Industry, 61

Implict Price Index

Table 10.6 Gross Value Added in Mining and Quarrying, by Industry, 62

Percent Share, at Current Prices

Table 10.7 Gross Value Added in Mining and Quarrying, by Industry, 62

Percent Share, at Constant 2018 Prices

Table 11.1 Gross Value Added in Manufacturing, by Industry, 63

at Current Prices

Table 11.2 Gross Value Added in Manufacturing, by Industry, 64

at Constant 2018 Prices

Table 11.3 Gross Value Added in Manufacturing, by Industry, 65

Growth Rates, at Current Prices

Table 11.4 Gross Value Added in Manufacturing, by Industry, 66

Growth Rates, at Current Prices

Table 11.5 Gross Value Added in Manufacturing, by Industry, 67

Implict Price Index

Table 11.6 Gross Value Added in Manufacturing, by Industry, 68

Percent Share, at Current Prices

Table 11.7 Gross Value Added in Manufacturing, by Industry, 69

Percent Share, at Constant 2018 Prices

Table 12.1 Gross Value Added in Electricity, Steam, Water and Waste Management, 70
by Industry, at Current Prices

Table 12.2 Gross Value Added in Electricity, Steam, Water and Waste Management, 70
by Industry, at Constant 2018 Prices

Table 12.3 Gross Value Added in Electricity, Steam, Water and Waste Management, 71
by Industry, Growth Rates, at Current Prices

Table 12.4 Gross Value Added in Electricity, Steam, Water and Waste Management, 71
by Industry, Growth Rates, at Current Prices

Table 12.5 Gross Value Added in Electricity, Steam, Water and Waste Management, 72
by Industry, Implict Price Index

Table 12.6 Gross Value Added in Electricity, Steam, Water and Waste Management, 73
by Industry, Percent Share, at Current Prices

Table 12.7 Gross Value Added in Electricity, Steam, Water and Waste Management, 73
by Industry, Percent Share, at Constant 2018 Prices

Table 13.1 Gross Fixed Capital Formation and Gross Value Added in Construction, 74
at Current Prices
 Page

Table 13.2 Gross Fixed Capital Formation and Gross Value Added in Construction, 74
at Constant 2018 Prices

Table 13.3 Gross Fixed Capital Formation and Gross Value Added in Construction, 75
Growth Rates, at Current Prices

Table 13.4 Gross Fixed Capital Formation and Gross Value Added in Construction, 75
Growth Rates, at Current Prices

Table 13.5 Gross Fixed Capital Formation and Gross Value Added in Construction, 76
Implict Price Index

Table 13.6 Gross Fixed Capital Formation in Construction, Percent Share of the 77
Institutional Sector, at Current Prices

Table 13.7 Gross Fixed Capital Formation in Construction, Percent Share of the 77
Institutional Sector, at Constant 2018 Prices

Table 14.1 Gross Value Added in Wholesale and Retail Trade; Repair of Motor 78
Vehicles and Motorcycles, by Industry, at Current Prices

Table 14.2 Gross Value Added in Wholesale and Retail Trade; Repair of Motor 78
Vehicles and Motorcycles, by Industry, at Constant 2018 Prices

Table 14.3 Gross Value Added in Wholesale and Retail Trade; Repair of Motor 79
Vehicles and Motorcycles, by Industry, Growth Rates, at Current Prices

Table 14.4 Gross Value Added in Wholesale and Retail Trade; Repair of Motor 79
Vehicles and Motorcycles, by Industry, Growth Rates, at Current Prices

Table 14.5 Gross Value Added in Wholesale and Retail Trade; Repair of Motor 80
Vehicles and Motorcycles, by Industry, Implict Price Index

Table 14.6 Gross Value Added in Wholesale and Retail Trade; Repair of Motor 81
Vehicles and Motorcycles, by Industry, Percent Share, at Current Prices

Table 14.7 Gross Value Added in Wholesale and Retail Trade; Repair of Motor 81
Vehicles and Motorcycles, by Industry, Percent Share,
at Constant 2018 Prices

Table 15.1 Gross Value Added in Transportation and Storage, by Industry, 82

at Current Prices

Table 15.2 Gross Value Added in Transportation and Storage, by Industry, 82

at Constant 2018 Prices

Table 15.3 Gross Value Added in Transportation and Storage, by Industry, 83

Growth Rates, at Current Prices

Table 15.4 Gross Value Added in Transportation and Storage, by Industry, 83

Growth Rates, at Current Prices

Table 15.5 Gross Value Added in Transportation and Storage, by Industry, 84

Implict Price Index

Table 15.6 Gross Value Added in Transportation and Storage, by Industry, 85

Percent Share, at Current Prices

Table 15.7 Gross Value Added in Transportation and Storage, by Industry, 85

Percent Share, at Constant 2018 Prices

Table 16.1 Gross Value Added in Accommodation and Food Service Activities, 86
by Industry, at Current Prices
 Page

Table 16.2 Gross Value Added in Accommodation and Food Service Activities, 86
by Industry, at Constant 2018 Prices

Table 16.3 Gross Value Added in Accommodation and Food Service Activities, 87
by Industry, Growth Rates, at Current Prices

Table 16.4 Gross Value Added in Accommodation and Food Service Activities, 87
by Industry, Growth Rates, at Current Prices

Table 16.5 Gross Value Added in Accommodation and Food Service Activities, 88
by Industry, Implict Price Index

Table 16.6 Gross Value Added in Accommodation and Food Service Activities, 89
by Industry, Percent Share, at Current Prices

Table 16.7 Gross Value Added in Accommodation and Food Service Activities, 89
by Industry, Percent Share, at Constant 2018 Prices

Table 17.1 Gross Value Added in Information and Communication, by Industry, 90

at Current Prices

Table 17.2 Gross Value Added in Information and Communication, by Industry, 90

at Constant 2018 Prices

Table 17.3 Gross Value Added in Information and Communication, by Industry, 91

Growth Rates, at Current Prices

Table 17.4 Gross Value Added in Information and Communication, by Industry, 91

Growth Rates, at Current Prices

Table 17.5 Gross Value Added in Information and Communication, by Industry, 92

Implict Price Index

Table 17.6 Gross Value Added in Information and Communication, by Industry, 93

Percent Share, at Current Prices

Table 17.7 Gross Value Added in Information and Communication, by Industry, 93

Percent Share, at Constant 2018 Prices

Table 18.1 Gross Value Added in Financial and Insurance Activities, by Industry, 94
at Current Prices

Table 18.2 Gross Value Added in Financial and Insurance Activities, by Industry, 94
at Constant 2018 Prices

Table 18.3 Gross Value Added in Financial and Insurance Activities, by Industry, 95
Growth Rates, at Current Prices

Table 18.4 Gross Value Added in Financial and Insurance Activities, by Industry, 95
Growth Rates, at Current Prices

Table 18.5 Gross Value Added in Financial and Insurance Activities, by Industry, 96
Implict Price Index

Table 18.6 Gross Value Added in Financial and Insurance Activities, by Industry, 97
Percent Share, at Current Prices

Table 18.7 Gross Value Added in Financial and Insurance Activities, by Industry, 97
Percent Share, at Constant 2018 Prices

Table 19.1 Gross Value Added in Real Estate and Ownership of Dwellings, 98
by Industry, at Current Prices
 Page

Table 19.2 Gross Value Added in Real Estate and Ownership of Dwellings, 98
by Industry, at Constant 2018 Prices

Table 19.3 Gross Value Added in Real Estate and Ownership of Dwellings, 99
by Industry, Growth Rates, at Current Prices

Table 19.4 Gross Value Added in Real Estate and Ownership of Dwellings, 99
by Industry, Growth Rates, at Current Prices

Table 19.5 Gross Value Added in Real Estate and Ownership of Dwellings, 100
by Industry, Implict Price Index

Table 19.6 Gross Value Added in Real Estate and Ownership of Dwellings, 101
by Industry, Percent Share, at Current Prices

Table 19.7 Gross Value Added in Real Estate and Ownership of Dwellings, 101
by Industry, Percent Share, at Constant 2018 Prices

Table 20.1 Gross Value Added in Education, by Industry, at Current Prices 102

Table 20.2 Gross Value Added in Education, by Industry, at Constant 2018 Prices 102

Table 20.3 Gross Value Added in Education, by Industry, Growth Rates, 103
at Current Prices

Table 20.4 Gross Value Added in Education, by Industry, Growth Rates, 103
at Current Prices

Table 20.5 Gross Value Added in Education, by Industry, Implict Price Index 104

Table 20.6 Gross Value Added in Education, by Industry, Percent Share, 105
at Current Prices

Table 20.7 Gross Value Added in Education, by Industry, Percent Share, 105
at Constant 2018 Prices

Table 21.1 Gross Value Added in Human Health and Social Work Activities, 106
by Industry, at Current Prices

Table 21.2 Gross Value Added in Human Health and Social Work Activities, 106
by Industry, at Constant 2018 Prices

Table 21.3 Gross Value Added in Human Health and Social Work Activities, 107
by Industry, Growth Rates, at Current Prices

Table 21.4 Gross Value Added in Human Health and Social Work Activities, 107
by Industry, Growth Rates, at Current Prices

Table 21.5 Gross Value Added in Human Health and Social Work Activities, 108
by Industry, Implict Price Index

Table 21.6 Gross Value Added in Human Health and Social Work Activities, 109
by Industry, Percent Share, at Current Prices

Table 21.7 Gross Value Added in Human Health and Social Work Activities, 109
by Industry, Percent Share, at Constant 2018 Prices

Table 22.1 Gross Value Added in Other Services, by Industry, at Current Prices 110

Table 22.2 Gross Value Added in Other Services, by Industry, at Constant 2018 Prices 110

Table 22.3 Gross Value Added in Other Services, by Industry, Growth Rates, 111
at Current Prices
 Page

Table 22.4 Gross Value Added in Other Services, by Industry, Growth Rates, 111
at Current Prices

Table 22.5 Gross Value Added in Other Services, by Industry, Implict Price Index 112

Table 22.6 Gross Value Added in Other Services, by Industry, Percent Share, 113
at Current Prices

Table 22.7 Gross Value Added in Other Services, by Industry, Percent Share, 113
at Constant 2018 Prices

Seasonally Adjusted National Accounts i - vi

Indicators Derived from the National Accounts vii
Advance Release Calendar
 H- 1

Highlights, First Quarter 2020

GDP declines by 0.2 percent in the first quarter of 2020; the first contraction since
fourth quarter of 1998

The Gross Domestic Product (GDP) declined by 0.2 percent in the first quarter of 2020,
the first contraction since the fourth quarter of 1998.

The main contributors to the decline were: Manufacturing; Transportation and Storage;
and Accommodation and Food Service Activities.

Among the major economic sectors, Agriculture, forestry, and fishing; and Industry
contracted by 0.4 percent and 3.0 percent, respectively. On the other hand, Services
posted a growth of 1.4 percent during the period.

On the expenditure side, the expenditure items that declined are: Gross Capital Formation
(GCF), 18.3 percent; Exports, 3.0 percent; and Imports, 9.0 percent. Meanwhile,
Household Final Consumption Expenditure (HFCE) and Government Final Consumption
Expenditure (GFCE) posted positive growths of 0.2 percent and 7.1 percent,
respectively.

Gross Domestic Product, Q1 2017 to Q1 2020 Growth Rates,

At constant 2018 prices

7.5
7.2
6.6 6.5 6.7
6.4 6.4 6.4 6.3
6.1
5.7
5.4
IN PERCENT

-0.2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2016 - 2017 2017 - 2018 2018 - 2019 2019 -
2020
 H- 2

GDP posts quarter-on-quarter decline of 5.1 percent

On a seasonally-adjusted basis, GDP posted a quarter-on-quarter decline of 5.1

percent. Meanwhile, GNI declined quarter-on-quarter by 5.2 percent.

All major industries registered quarter-on-quarter decline. Agriculture declined by

1.1 percent; Industry by 8.0 percent; and Services by 4.3 percent. On the demand side,
HFCE contracted quarter-on-quarter by 3.8 percent.

Seasonally-Adjusted Gross Domestic Product,

Q1 2017 to Q1 2020 Growth Rates

2.1 2.3
1.7 1.6 1.7 1.8
1.5 1.4 1.4 1.3
1.1 1.2
IN PERCENT

-5.1
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2016 - 2017 2017 - 2018 2018 - 2019 2019 -
2020
 H- 3

Agriculture, forestry and fishing declines

Agriculture, forestry and fishing (AFF) declined by 0.4 percent in the first quarter of 2020,
the first contraction since the fourth quarter of 2016. Contributing the most to the decline
were: Fishing and aquaculture, which dropped by 5.2 percent; Palay, with 1.9
percent decline; Coconut including copra, with 4.9 percent contraction; Banana, with 3.5
percent drop; and Corn, which declined by 2.5 percent. Other sub-industries that
contributed to the decline were Pineapple; Other agricultural crops; Mango; Abaca; and
Tobacco.

On the other hand, the following sub-industries grew and cushioned the decline of AFF:
Support activities, which grew by 5.9 percent; Poultry and egg production, which
increased by 3.5 percent; Sugarcane, with 8.2 percent growth; Livestock, with 1.5
percent expansion; and Other animal production, which grew by 2.4 percent. Other sub-
industries that grew during the period were Forestry and logging; Cacao; Coffee;
Cassava; and Rubber.

Among the three major economic sectors, AFF shared the least to GDP with 9.9 percent
in the first quarter of 2020.

Agriculture, forestry and fishing, Q1 2017 to Q1 2020 Growth Rates,

At constant 2018 prices

6.4

5.1
IN PERCENT

3.5
3.0
2.5 2.6

1.6
0.7 0.8
0.5
0.0 0.0

-0.4

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2016-2017 2017-2018 2018-2019 2019-
2020
 H- 4

Industry contracts in Q1 2020; sharpest decline since Q3 2009

Industry declined by 3.0 percent in the first quarter 2020, the first registered contraction
since the third quarter 2011 and the sharpest since the 5.4 percent drop in the third
quarter of 2009.

Manufacturing, which comprised 66.0 percent to total Industry, declined by 3.6 percent.
Contributing the most to the decline were the Manufacturing of the following: Coke and
refined petroleum products, 35.5 percent; Computer, electronic and optical products,
7.5 percent; Basic metals, 18.8 percent; Machinery and equipment, 19.7 percent; and
Beverages, 8.2 percent. On the other hand, Manufacturing of the following grew and
pulled the growth up the most: Chemical and chemical products, 3.8 percent;
Food products, 0.6 percent; Basic pharmaceutical products and pharmaceutical
preparations, 25.6 percent; Printing and reproduction of recorded media, 13.6 percent;
and fabricated metal products, 11.7 percent.

Meanwhile, Mining and Quarrying dropped by 22.3 percent as all of its sub-industries
posted contraction during the period. Construction, which shared 21.1 percent to total
Industry likewise declined with 1.8 percent drop during the period.

On the other hand, Electricity, Steam, Water and Waste management managed to grow
in the first quarter 2020 with 5.3 percent growth from the previous year.

Industry shared 29.9 percent to GDP in the first quarter of 2020.

Industry, Q1 2017 to Q1 2020 Growth Rates,

At constant 2018 prices

8.4
8.0
7.2 7.5
7.0 7.0
6.6
6.0
5.4 5.4
4.9
IN PERCENT

2.5

(3.0)
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2016-2017 2017-2018 2018-2019 2019-
2020
 H- 5

Services decelerates; posts slowest growth since Q4 1998

Services grew by 1.4 percent in the first quarter 2020, the slowest growth registered since
the fourth quarter of 1998. The following industries dragged down the growth of Services:
Transportation and Storage, which declined by 10.7 percent; Accommodation and Food
Service Activities, with 15.3 percent contraction; and Other Services, which was down by
7.6 percent.

On a positive side, Financial and Insurance Activities contributed the most to Services as
it grew by 9.6 percent. This was followed by Public Administration and Defense;
Compulsory Social Activities, with 5.2 percent growth; Wholesale and Retail Trade;
Repair of Motor Vehicles and Motorcycles, with 1.1 percent growth; Information and
Communication, 5.7 percent; and Human Health and Social Work Activities, 9.2
percent. Other industries that contributed to growth were Real Estate and Ownership of
Dwellings; Education; and Professional and Business Services;

Services continued to have the highest share to GDP with 60.3 percent.

Services, Q1 2017 to Q1 2020 Growth Rates,

At constant 2018 prices

8.1
7.8
7.4 7.5
7.1 7.2 7.1 7.3
6.9 6.8 6.8
6.5
IN PERCENT

1.4

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2016-2017 2017-2018 2018-2019 2019-
2020
 H- 6

Household Final Consumption Expenditure (HFCE) slows down; the lowest since
Q1 1986

HFCE grew by 0.2 percent during the first quarter of 2020, the lowest since the first
quarter of 1986. This comprised 74.5 percent of the total economy. Food and non-
alcoholic beverages posted a 4.7 percent growth. Miscellaneous goods and services and
Health also recorded positive growths of 7.4 percent and 11.5 percent, respectively.

On the other hand, the following items declined: Restaurants and hotels, 15.4 percent;
Transport, 8.9 percent; and Alcoholic beverages, tobacco, 16.4 percent.

Household Final Consumption Expenditure, Q1 2017 to Q1 2020 Growth Rates,

At constant 2018 prices

6.3 6.2 6.2

6.0 6.0 6.0
5.8
5.5 5.5 5.6 5.7
5.5
IN PERCENT

0.2

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2016-2017 2017-2018 2018-2019 2019-
2020
 H- 7

Government Final Consumption Expenditure (GFCE) accelerates

GFCE posted a 7.1 percent growth in the first quarter of 2020. This was faster than the
6.4 percent growth recorded during the same period in 2019.

Government Final Consumption Expenditure, Q1 2017 to Q1 2020 Growth Rates,

At constant 2018 prices

17.0

13.8 13.9 14.4

13.2
12.3
IN PERCENT

8.8
7.1 7.9 7.1
6.4 6.8

-2.1
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2016-2017 2017-2018 2018-2019 2019-
2020
 H- 8

Gross Capital Formation (GCF) declines; the slowest since Q3 2006

GCF contracted by 18.3 percent in the first quarter of 2020, which is the slowest since the
third quarter of 2006.

Construction which comprised 66.9 percent of total GCF declined by 3.4 percent.
Construction activities of Financial and non-financial corporations and Household and
NPISHs contributed to the contraction with 4.4 percent and 4.0 percent declines,
respectively. Meanwhile, General government posted a positive growth of 0.3 percent
during the first quarter of 2020.

Likewise, Durable equipment, Breeding stocks and orchard development and Valuables
recorded declines with 7.7 percent, 1.2 percent and 29.6 percent, respectively.

On a positive side, Intellectual property products grew by 6.6 percent, the only positive
growth among the components of GCF.

On the other hand, Changes in inventories posted large withdrawals of Php 138.1 billion
during the period.

Gross Capital Formation, Q1 2017 to Q1 2020 Growth Rates,

At constant 2018 prices

16.9 16.8
15.2

9.5 10.2 9.8

9.2
8.3

3.5
2.5
IN PERCENT

(0.8) (0.1)

(18.3)

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2016 - 2017 2017 - 2018 2018 - 2019 2019 -
2020
 H- 9

Exports of goods and services contracts; records the lowest growth since
Q1 2013

Exports of goods and services contracted by 3.0 percent in the first quarter of 2020
compared with the 4.2 percent growth recorded during the same period in 2019.

Exports of goods declined by 1.8 percent during the period. Contributing the most to the
decline were: Other exports of goods, 7.4 percent; Machinery and transport equipment,
20.3 percent, Chemicals, 36.8 percent; Electronic data processing, 7.1 percent; and
Articles of apparel and clothing accessories, 25.6 percent.

Also, Exports of services declined by 4.3 percent during the period, which is the slowest
since the third quarter of 2012. The following items contributed to the contraction: Travel,
15.2 percent; Transport, 34.4 percent; and Miscellaneous services, 11.6 percent.

Exports of Goods and Services, Q1 2017 to Q1 2020 Growth Rates,

At constant 2018 prices
 H 10
-

Imports of goods and services posts the largest decline since first quarter of 1999

Imports of goods and services declined by 9.0 percent in the first quarter of 2020. This is
the lowest since the first quarter of 1999.

Imports of goods recorded a decline of 11.2 percent during the period. The following
components contributed to the decline: Other imports of goods, 10.4 percent; Transport
equipment, 12.6 percent; Industrial machinery and equipment; 22.0 percent,
Semiconductors, 9.3 percent; and Cereals and cereal preparation, 40.9 percent.

Imports of services likewise declined by 0.3 percent. Travel, Insurance and pension
services and Transport contributed to the decline which posted 8.4 percent, 23.3
percent and 4.3 percent, respectively.

Imports of Goods and Services, Q1 2017 to Q1 2020 Growth Rates,

At constant 2018 prices

17.7 18.6 18.0

16.0
13.9 13.0 12.0
9.9
8.9
IN PERCENT

0.1

-0.1 -0.7

-9.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2016 - 2017 2017 - 2018 2018 - 2019 2019 -
2020
 H 11
-

Net Primary Income (NPI) declines for three consecutive quarters; brings Gross
National Income (GNI) to contract

NPI declined by 4.4 percent during the first quarter of 2020 bringing GNI to post a
contraction of 0.6 percent. Compensation inflow from the rest of the world recorded a
decline of 2.6 percent during the period.

Net Primary Income, Q1 2017 to Q1 2020 Growth Rates,

At constant 2018 prices

9.0

7.0

5.6 5.4
IN PERCENT

2.7
2.3
1.3
0.3

-0.9
-1.6
-2.8

-4.6 -4.4

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2016 - 2017 2017 - 2018 2018 - 2019 2019 -
2020
 H 12
-

Gross National Income, Q1 2017 to Q1 2020 Growth Rates,

At constant 2018 prices

7.7
7.2
6.3 6.3 6.1
6.0 5.9 5.8
5.7
5.2
5.0
IN PERCENT

4.9

-0.6

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2016 - 2017 2017 - 2018 2018 - 2019 2019 -
2020
 ECONOMIC PERFORMANCE OF THE PHILIPPINES
first quarter 2020 As of May 2020
MAS 03-IG-01-07052020

GDP, GNI, NPI:

(0.2) GDP declined by 0.2 percent in the
Growth Rates (%) first quarter of 2020, the first decline (0.6) (4.4)

At Constant 2018 Prices, Q1 2020 GDP

since the fourth quarter of 1998. GNI NPI

GDP by Industry:

(0.4) (3.0) 1.4

Quarterly Growth Rates (%)

Industry Services
At Constant 2018 Prices, Q1 2020 AFF

List of Industries GDP by Industry: Growth Rates (%)

AFF - Agriculture, Forestry, and At Constant 2018 Prices, Q1 2020

Fishing
MAQ - Mining and Quarrying 9.6
FIA
MFG - Manufacturing
ESWW - Electricity, Steam, Water and HHSW
9.2

Waste Management
CNS - Construction IAC 5.7

TRD - Wholesale and Retail Trade;

Repair of Motor Vehicles and ESWW 5.3

Motorcycles 5.2
PAD
TAS - Transportation and Storage
AFS - Accommodation and Food REOD 2.2

Service Activities
IAC - Information and Communication TRD 1.1

FIA - Financial and Insurance Activities

REOD - Real Estate and Ownership of EDUC 0.9

Dwellings
PBS - Professional and Business PBS 0.7

Services
PAD - Public Administration and (0.4) AFF

Defense; Compulsory Social

Activities (1.8) CNS

EDUC - Education
(3.6) MFG
HHSW - Human Health and Social
Work Activities
OS - Other Services (7.6) OS

List of Expenditure Items (10.7) TAS

HFCE - Household Final Consumption

Expenditure (15.3) AFSA

GFCE - Government Final Consumption (22.3)

Expenditure MAQ

GCF - Gross Capital Formation

1
GDP by Expenditure: Growth Rates (%)
Q1 2020 Seasonally-Adjusted (%)

At Constant 2018 Prices, Q1 2020

(5.1) (1.1) (8.0) (4.3) (3.8)

0.2 Exports Imports
7.1 GCF

SA
SA GDP SA AFF SA SA HFCE
HFCE (3.0)
GFCE
Industry Services

(9.0)

1] Quarter-on-quarter growth rates

(18.3)

For Technical Inquiries: Visit us at: Like us on Facebook: Follow us on Twitter:

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National Accounts of the Philippines Page 1
Unit: In million Philippine Pesos
As of May 2020

Table 1.1 Gross National Income and Gross Domestic Product, by Expenditure
Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Expenditure Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

01. Household final consumption expenditure 2,782,053 2,923,649 2,889,159 3,356,002 3,050,982 3,240,042 3,227,592 3,731,469 3,341,004 3,501,062 3,463,412 3,982,663 3,422,550 11,950,864 13,250,084 14,288,140
02. Government final consumption expenditure 379,718 538,639 455,432 500,980 444,837 623,474 543,284 588,042 483,745 672,009 594,095 694,850 532,261 1,874,770 2,199,637 2,444,698

03. Gross capital formation 973,080 1,064,658 1,023,509 1,170,430 1,064,617 1,273,938 1,260,483 1,360,067 1,192,762 1,240,233 1,285,188 1,393,107 930,875 4,231,677 4,959,105 5,111,290
A. Gross fixed capital formation 941,109 1,097,891 1,047,456 1,159,155 1,060,569 1,305,605 1,259,226 1,357,946 1,173,375 1,311,434 1,374,009 1,441,532 1,119,933 4,245,610 4,983,346 5,300,351
1. Construction 514,331 672,066 599,670 635,763 604,906 804,245 732,021 798,614 664,881 836,942 876,094 907,862 663,343 2,421,830 2,939,786 3,285,779
2. Durable equipment 328,821 323,519 349,547 392,075 339,570 377,011 407,271 403,168 377,025 334,158 370,916 369,866 318,190 1,393,963 1,527,020 1,451,965
3. Breeding stocks and orchard development 73,154 77,088 74,528 102,012 90,383 94,412 92,135 120,830 101,878 102,919 91,934 121,388 106,399 326,782 397,760 418,119
4. Intellectual property products 24,803 25,217 23,712 29,305 25,710 29,937 27,799 35,334 29,591 37,415 35,065 42,417 32,001 103,036 118,780 144,488
B. Changes in inventories 31,935 - 33,252 - 24,011 9,857 2,992 - 32,219 1,111 1,172 19,148 - 71,670 - 89,284 - 48,749 - 189,242 - 15,472 - 26,944 - 190,555
C. Valuables 36 19 65 1,419 1,056 552 145 949 240 468 464 323 184 1,538 2,703 1,495

04. Exports of goods and services 1,192,114 1,202,642 1,284,166 1,213,949 1,337,126 1,361,794 1,455,659 1,363,993 1,386,974 1,392,674 1,409,248 1,342,055 1,331,154 4,892,870 5,518,573 5,530,950
A. Exports of goods 651,724 606,088 764,136 736,738 675,882 671,251 889,931 844,833 680,176 662,649 796,859 801,742 641,784 2,758,686 3,081,897 2,941,426
B. Exports of services 540,390 596,554 520,029 477,210 661,244 690,543 565,728 519,160 706,798 730,025 612,388 540,313 689,371 2,134,184 2,436,675 2,589,524

05. Less : Imports of goods and services 1,606,364 1,537,248 1,609,629 1,640,288 1,796,116 1,929,120 2,005,601 1,931,373 2,002,092 1,924,344 2,021,145 1,911,079 1,723,244 6,393,529 7,662,209 7,858,661
A. Imports of goods 1,292,198 1,244,424 1,297,045 1,268,501 1,455,849 1,604,077 1,663,420 1,510,596 1,628,986 1,584,067 1,660,519 1,470,388 1,355,755 5,102,168 6,233,942 6,343,960
B. Imports of services 314,166 292,825 312,584 371,786 340,267 325,043 342,180 420,777 373,106 340,278 360,626 440,691 367,489 1,291,361 1,428,267 1,514,701

06. Statistical discrepancy 24,932 - 38,386 - 24,715 38,169 - 309 - 1,336 - 31,204 32,849 20,558 - 24,370 - 1,770 5,582 - 20,347 - - -

Gross Domestic Product 3,745,533 4,153,954 4,017,922 4,639,242 4,101,138 4,568,792 4,450,213 5,145,048 4,422,951 4,857,262 4,729,028 5,507,177 4,473,250 16,556,651 18,265,190 19,516,418

Net primary income from the rest of the world 449,005 455,580 459,839 462,103 474,989 467,676 510,534 493,959 479,558 480,278 495,169 485,967 465,573 1,826,528 1,947,159 1,940,973

Gross National Income 4,194,538 4,609,535 4,477,761 5,101,345 4,576,127 5,036,468 4,960,747 5,639,007 4,902,509 5,337,541 5,224,197 5,993,144 4,938,823 18,383,179 20,212,349 21,457,391
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 2
Unit: In million Philippine Pesos
As of May 2020

Table 1.2 Gross National Income and Gross Domestic Product, by Expenditure
Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Expenditure Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

01. Household final consumption expenditure 2,943,490 3,073,414 2,983,445 3,527,479 3,114,801 3,263,873 3,148,718 3,722,692 3,308,970 3,447,003 3,338,010 3,933,210 3,314,513 12,527,828 13,250,084 14,027,192
02. Government final consumption expenditure 433,777 583,654 464,841 457,607 494,233 655,488 531,757 518,159 526,038 700,236 578,383 606,314 563,544 1,939,880 2,199,637 2,410,971

03. Gross capital formation 1,007,110 1,132,602 1,066,586 1,250,029 1,042,614 1,305,208 1,246,250 1,365,034 1,144,574 1,294,767 1,245,045 1,399,271 935,018 4,456,328 4,959,105 5,083,657
A. Gross fixed capital formation 948,492 1,133,811 1,086,787 1,242,946 1,040,493 1,335,048 1,244,802 1,363,004 1,121,297 1,296,264 1,317,815 1,441,692 1,072,933 4,412,035 4,983,346 5,177,068
1. Construction 516,578 704,807 627,410 709,449 591,574 816,124 710,197 821,892 648,218 826,839 811,513 915,656 625,980 2,558,243 2,939,786 3,202,226
2. Durable equipment 326,466 321,610 346,841 393,161 333,330 398,562 407,681 387,447 351,791 338,495 368,178 362,263 324,860 1,388,079 1,527,020 1,420,727
3. Breeding stocks and orchard development 82,773 87,270 84,423 113,784 90,383 94,912 92,135 120,330 92,254 97,737 91,674 121,963 91,141 368,250 397,760 403,627
4. Intellectual property products 22,675 20,124 28,113 26,552 25,206 25,451 34,789 33,335 29,035 33,192 46,450 41,810 30,951 97,463 118,780 150,487
B. Changes in inventories 58,580 - 1,228 - 20,265 5,680 1,067 - 30,400 1,302 1,087 23,034 - 1,978 - 73,183 - 42,714 - 138,086 42,766 - 26,944 - 94,840
C. Valuables 38 19 65 1,404 1,054 560 146 943 243 481 413 293 171 1,526 2,703 1,429

04. Exports of goods and services 1,181,384 1,307,500 1,304,852 1,141,653 1,334,774 1,454,286 1,435,136 1,294,376 1,390,385 1,499,481 1,461,575 1,298,729 1,348,023 4,935,390 5,518,573 5,650,169
A. Exports of goods 616,616 672,115 763,858 672,938 666,030 753,743 881,908 780,216 702,993 775,592 865,116 767,947 690,498 2,725,527 3,081,897 3,111,648
B. Exports of services 564,769 635,385 540,995 468,715 668,744 700,543 553,228 514,160 687,392 723,889 596,459 530,781 657,525 2,209,863 2,436,675 2,538,521

05. Less : Imports of goods and services 1,592,602 1,685,049 1,638,292 1,767,504 1,750,368 1,997,855 1,933,520 1,980,467 1,905,644 1,999,198 1,931,313 1,967,321 1,733,357 6,683,447 7,662,209 7,803,476
A. Imports of goods 1,263,058 1,416,411 1,322,709 1,382,759 1,396,100 1,702,812 1,586,340 1,548,690 1,521,249 1,694,968 1,572,330 1,522,250 1,350,141 5,384,938 6,233,942 6,310,797
B. Imports of services 329,544 268,638 315,583 384,745 354,267 295,043 347,180 431,777 384,395 304,231 358,983 445,071 383,216 1,298,510 1,428,267 1,492,680

06. Statistical discrepancy - 13,182 25,209 - 38,797 26,769 - 20,479 39,385 - 31,100 12,194 - 6,692 32,443 - 15,777 - 9,975 23,201 - - -

Gross Domestic Product 3,959,977 4,437,331 4,142,636 4,636,033 4,215,576 4,720,384 4,397,241 4,931,988 4,457,631 4,974,731 4,675,923 5,260,228 4,450,941 17,175,978 18,265,190 19,368,513

Net primary income from the rest of the world 488,044 468,220 472,445 479,537 499,419 463,889 497,939 485,911 491,330 465,402 475,215 472,206 469,863 1,908,246 1,947,159 1,904,154

Gross National Income 4,448,021 4,905,551 4,615,081 5,115,571 4,714,996 5,184,273 4,895,181 5,417,900 4,948,961 5,440,133 5,151,138 5,732,434 4,920,804 19,084,224 20,212,349 21,272,666
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 3
Unit: In Percent
As of May 2020

Table 1.3 Gross National Income and Gross Domestic Product, by Expenditure
Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Expenditure Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

01. Household final consumption expenditure 9.7 10.8 11.7 11.2 9.5 8.1 7.3 6.7 2.4 10.9 7.8
02. Government final consumption expenditure 17.1 15.7 19.3 17.4 8.7 7.8 9.4 18.2 10.0 17.3 11.1

03. Gross capital formation 9.4 19.7 23.2 16.2 12.0 -2.6 2.0 2.4 -22.0 17.2 3.1
A. Gross fixed capital formation 12.7 18.9 20.2 17.1 10.6 0.4 9.1 6.2 -4.6 17.4 6.4
1. Construction 17.6 19.7 22.1 25.6 9.9 4.1 19.7 13.7 -0.2 21.4 11.8
2. Durable equipment 3.3 16.5 16.5 2.8 11.0 -11.4 -8.9 -8.3 -15.6 9.5 -4.9
3. Breeding stocks and orchard development 23.6 22.5 23.6 18.4 12.7 9.0 -0.2 0.5 4.4 21.7 5.1
4. Intellectual property products 3.7 18.7 17.2 20.6 15.1 25.0 26.1 20.0 8.1 15.3 21.6
B. Changes in inventories
C. Valuables * * 125.3 -33.1 -77.3 -15.1 219.0 -65.9 -23.1 75.7 -44.7

04. Exports of goods and services 12.2 13.2 13.4 12.4 3.7 2.3 -3.2 -1.6 -4.0 12.8 0.2
A. Exports of goods 3.7 10.8 16.5 14.7 0.6 -1.3 -10.5 -5.1 -5.6 11.7 -4.6
B. Exports of services 22.4 15.8 8.8 8.8 6.9 5.7 8.2 4.1 -2.5 14.2 6.3

05. Less : Imports of goods and services 11.8 25.5 24.6 17.7 11.5 -0.2 0.8 -1.1 -13.9 19.8 2.6
A. Imports of goods 12.7 28.9 28.2 19.1 11.9 -1.2 -0.2 -2.7 -16.8 22.2 1.8
B. Imports of services 8.3 11.0 9.5 13.2 9.7 4.7 5.4 4.7 -1.5 10.6 6.1

Gross Domestic Product 9.5 10.0 10.8 10.9 7.8 6.3 6.3 7.0 1.1 10.3 6.9

Net primary income from the rest of the world 5.8 2.7 11.0 6.9 1.0 2.7 -3.0 -1.6 -2.9 6.6 -0.3

Gross National Income 9.1 9.3 10.8 10.5 7.1 6.0 5.3 6.3 0.7 10.0 6.2
Note: * means more than 1000%
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 4
Unit: In Percent
As of May 2020

Table 1.4 Gross National Income and Gross Domestic Product, by Expenditure
Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Expenditure Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

01. Household final consumption expenditure 5.8 6.2 5.5 5.5 6.2 5.6 6.0 5.7 0.2 5.8 5.9
02. Government final consumption expenditure 13.9 12.3 14.4 13.2 6.4 6.8 8.8 17.0 7.1 13.4 9.6

03. Gross capital formation 3.5 15.2 16.8 9.2 9.8 -0.8 -0.1 2.5 -18.3 11.3 2.5
A. Gross fixed capital formation 9.7 17.7 14.5 9.7 7.8 -2.9 5.9 5.8 -4.3 12.9 3.9
1. Construction 14.5 15.8 13.2 15.8 9.6 1.3 14.3 11.4 -3.4 14.9 8.9
2. Durable equipment 2.1 23.9 17.5 -1.5 5.5 -15.1 -9.7 -6.5 -7.7 10.0 -7.0
3. Breeding stocks and orchard development 9.2 8.8 9.1 5.8 2.1 3.0 -0.5 1.4 -1.2 8.0 1.5
4. Intellectual property products 11.2 26.5 23.7 25.5 15.2 30.4 33.5 25.4 6.6 21.9 26.7
B. Changes in inventories
C. Valuables * * 125.3 -32.8 -76.9 -14.1 182.9 -68.9 -29.6 77.1 -47.1

04. Exports of goods and services 13.0 11.2 10.0 13.4 4.2 3.1 1.8 0.3 -3.0 11.8 2.4
A. Exports of goods 8.0 12.1 15.5 15.9 5.5 2.9 -1.9 -1.6 -1.8 13.1 1.0
B. Exports of services 18.4 10.3 2.3 9.7 2.8 3.3 7.8 3.2 -4.3 10.3 4.2

05. Less : Imports of goods and services 9.9 18.6 18.0 12.0 8.9 0.1 -0.1 -0.7 -9.0 14.6 1.8
A. Imports of goods 10.5 20.2 19.9 12.0 9.0 -0.5 -0.9 -1.7 -11.2 15.8 1.2
B. Imports of services 7.5 9.8 10.0 12.2 8.5 3.1 3.4 3.1 -0.3 10.0 4.5

Gross Domestic Product 6.5 6.4 6.1 6.4 5.7 5.4 6.3 6.7 -0.2 6.3 6.0

Net primary income from the rest of the world 2.3 -0.9 5.4 1.3 -1.6 0.3 -4.6 -2.8 -4.4 2.0 -2.2

Gross National Income 6.0 5.7 6.1 5.9 5.0 4.9 5.2 5.8 -0.6 5.9 5.2
Note: * means more than 1000%
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 5
As of May 2020

Table 1.5 Gross National Income and Gross Domestic Product, by Expenditure
Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Expenditure Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

01. Household final consumption expenditure 94.5 95.1 96.8 95.1 98.0 99.3 102.5 100.2 101.0 101.6 103.8 101.3 103.3 95.4 100.0 101.9
02. Government final consumption expenditure 87.5 92.3 98.0 109.5 90.0 95.1 102.2 113.5 92.0 96.0 102.7 114.6 94.4 96.6 100.0 101.4

03. Gross capital formation 96.6 94.0 96.0 93.6 102.1 97.6 101.1 99.6 104.2 95.8 103.2 99.6 99.6 95.0 100.0 100.5
A. Gross fixed capital formation 99.2 96.8 96.4 93.3 101.9 97.8 101.2 99.6 104.6 101.2 104.3 100.0 104.4 96.2 100.0 102.4
1. Construction 99.6 95.4 95.6 89.6 102.3 98.5 103.1 97.2 102.6 101.2 108.0 99.1 106.0 94.7 100.0 102.6
2. Durable equipment 100.7 100.6 100.8 99.7 101.9 94.6 99.9 104.1 107.2 98.7 100.7 102.1 97.9 100.4 100.0 102.2
3. Breeding stocks and orchard development 88.4 88.3 88.3 89.7 100.0 99.5 100.0 100.4 110.4 105.3 100.3 99.5 116.7 88.7 100.0 103.6
4. Intellectual property products 109.4 125.3 84.3 110.4 102.0 117.6 79.9 106.0 101.9 112.7 75.5 101.5 103.4 105.7 100.0 96.0
B. Changes in inventories
C. Valuables 94.5 98.8 99.7 101.1 100.2 98.6 99.7 100.7 98.6 97.4 112.4 110.4 107.7 100.8 100.0 104.6

04. Exports of goods and services 100.9 92.0 98.4 106.3 100.2 93.6 101.4 105.4 99.8 92.9 96.4 103.3 98.7 99.1 100.0 97.9
A. Exports of goods 105.7 90.2 100.0 109.5 101.5 89.1 100.9 108.3 96.8 85.4 92.1 104.4 92.9 101.2 100.0 94.5
B. Exports of services 95.7 93.9 96.1 101.8 98.9 98.6 102.3 101.0 102.8 100.8 102.7 101.8 104.8 96.6 100.0 102.0

05. Less : Imports of goods and services 100.9 91.2 98.3 92.8 102.6 96.6 103.7 97.5 105.1 96.3 104.7 97.1 99.4 95.7 100.0 100.7
A. Imports of goods 102.3 87.9 98.1 91.7 104.3 94.2 104.9 97.5 107.1 93.5 105.6 96.6 100.4 94.7 100.0 100.5
B. Imports of services 95.3 109.0 99.0 96.6 96.0 110.2 98.6 97.5 97.1 111.8 100.5 99.0 95.9 99.4 100.0 101.5

Gross Domestic Product 94.6 93.6 97.0 100.1 97.3 96.8 101.2 104.3 99.2 97.6 101.1 104.7 100.5 96.4 100.0 100.8

Net primary income from the rest of the world 92.0 97.3 97.3 96.4 95.1 100.8 102.5 101.7 97.6 103.2 104.2 102.9 99.1 95.7 100.0 101.9

Gross National Income 94.3 94.0 97.0 99.7 97.1 97.1 101.3 104.1 99.1 98.1 101.4 104.5 100.4 96.3 100.0 100.9
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 6
Unit: In Percent
As of May 2020

Table 1.6 Gross National Income and Gross Domestic Product, by Expenditure
Q1 2017 to Q1 2020
Percent Share to GDP and GNI, at Current Prices

2017 2018 2019 2020 Annual

Expenditure Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

01. Household final consumption expenditure 74.3 70.4 71.9 72.3 74.4 70.9 72.5 72.5 75.5 72.1 73.2 72.3 76.5 72.2 72.5 73.2
02. Government final consumption expenditure 10.1 13.0 11.3 10.8 10.8 13.6 12.2 11.4 10.9 13.8 12.6 12.6 11.9 11.3 12.0 12.5

03. Gross capital formation 26.0 25.6 25.5 25.2 26.0 27.9 28.3 26.4 27.0 25.5 27.2 25.3 20.8 25.6 27.2 26.2
A. Gross fixed capital formation 25.1 26.4 26.1 25.0 25.9 28.6 28.3 26.4 26.5 27.0 29.1 26.2 25.0 25.6 27.3 27.2
1. Construction 13.7 16.2 14.9 13.7 14.7 17.6 16.4 15.5 15.0 17.2 18.5 16.5 14.8 14.6 16.1 16.8
2. Durable equipment 8.8 7.8 8.7 8.5 8.3 8.3 9.2 7.8 8.5 6.9 7.8 6.7 7.1 8.4 8.4 7.4
3. Breeding stocks and orchard development 2.0 1.9 1.9 2.2 2.2 2.1 2.1 2.3 2.3 2.1 1.9 2.2 2.4 2.0 2.2 2.1
4. Intellectual property products 0.7 0.6 0.6 0.6 0.6 0.7 0.6 0.7 0.7 0.8 0.7 0.8 0.7 0.6 0.7 0.7
B. Changes in inventories 0.9 -0.8 -0.6 0.2 0.1 -0.7 0.0 0.0 0.4 -1.5 -1.9 -0.9 -4.2 -0.1 -0.1 -1.0
C. Valuables 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

04. Exports of goods and services 31.8 29.0 32.0 26.2 32.6 29.8 32.7 26.5 31.4 28.7 29.8 24.4 29.8 29.6 30.2 28.3
A. Exports of goods 17.4 14.6 19.0 15.9 16.5 14.7 20.0 16.4 15.4 13.6 16.9 14.6 14.3 16.7 16.9 15.1
B. Exports of services 14.4 14.4 12.9 10.3 16.1 15.1 12.7 10.1 16.0 15.0 12.9 9.8 15.4 12.9 13.3 13.3

05. Less : Imports of goods and services 42.9 37.0 40.1 35.4 43.8 42.2 45.1 37.5 45.3 39.6 42.7 34.7 38.5 38.6 41.9 40.3
A. Imports of goods 34.5 30.0 32.3 27.3 35.5 35.1 37.4 29.4 36.8 32.6 35.1 26.7 30.3 30.8 34.1 32.5
B. Imports of services 8.4 7.0 7.8 8.0 8.3 7.1 7.7 8.2 8.4 7.0 7.6 8.0 8.2 7.8 7.8 7.8

Gross Domestic Product 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

GDP share to GNI 89.3 90.1 89.7 90.9 89.6 90.7 89.7 91.2 90.2 91.0 90.5 91.9 90.6 90.1 90.4 91.0
Net primary income from the rest of the world 10.7 9.9 10.3 9.1 10.4 9.3 10.3 8.8 9.8 9.0 9.5 8.1 9.4 9.9 9.6 9.0

Gross National Income 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 7
Unit: In Percent
As of May 2020

Table 1.7 Gross National Income and Gross Domestic Product, by Expenditure
Q1 2017 to Q1 2020
Percent Share to GDP and GNI, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Expenditure Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

01. Household final consumption expenditure 74.3 69.3 72.0 76.1 73.9 69.1 71.6 75.5 74.2 69.3 71.4 74.8 74.5 72.9 72.5 72.4
02. Government final consumption expenditure 11.0 13.2 11.2 9.9 11.7 13.9 12.1 10.5 11.8 14.1 12.4 11.5 12.7 11.3 12.0 12.4

03. Gross capital formation 25.4 25.5 25.7 27.0 24.7 27.7 28.3 27.7 25.7 26.0 26.6 26.6 21.0 25.9 27.2 26.2
A. Gross fixed capital formation 24.0 25.6 26.2 26.8 24.7 28.3 28.3 27.6 25.2 26.1 28.2 27.4 24.1 25.7 27.3 26.7
1. Construction 13.0 15.9 15.1 15.3 14.0 17.3 16.2 16.7 14.5 16.6 17.4 17.4 14.1 14.9 16.1 16.5
2. Durable equipment 8.2 7.2 8.4 8.5 7.9 8.4 9.3 7.9 7.9 6.8 7.9 6.9 7.3 8.1 8.4 7.3
3. Breeding stocks and orchard development 2.1 2.0 2.0 2.5 2.1 2.0 2.1 2.4 2.1 2.0 2.0 2.3 2.0 2.1 2.2 2.1
4. Intellectual property products 0.6 0.5 0.7 0.6 0.6 0.5 0.8 0.7 0.7 0.7 1.0 0.8 0.7 0.6 0.7 0.8
B. Changes in inventories 1.5 0.0 -0.5 0.1 0.0 -0.6 0.0 0.0 0.5 0.0 -1.6 -0.8 -3.1 0.2 -0.1 -0.5
C. Valuables 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

04. Exports of goods and services 29.8 29.5 31.5 24.6 31.7 30.8 32.6 26.2 31.2 30.1 31.3 24.7 30.3 28.7 30.2 29.2
A. Exports of goods 15.6 15.1 18.4 14.5 15.8 16.0 20.1 15.8 15.8 15.6 18.5 14.6 15.5 15.9 16.9 16.1
B. Exports of services 14.3 14.3 13.1 10.1 15.9 14.8 12.6 10.4 15.4 14.6 12.8 10.1 14.8 12.9 13.3 13.1

05. Less : Imports of goods and services 40.2 38.0 39.5 38.1 41.5 42.3 44.0 40.2 42.8 40.2 41.3 37.4 38.9 38.9 41.9 40.3
A. Imports of goods 31.9 31.9 31.9 29.8 33.1 36.1 36.1 31.4 34.1 34.1 33.6 28.9 30.3 31.4 34.1 32.6
B. Imports of services 8.3 6.1 7.6 8.3 8.4 6.3 7.9 8.8 8.6 6.1 7.7 8.5 8.6 7.6 7.8 7.7

Gross Domestic Product 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

GDP share to GNI 89.0 90.5 89.8 90.6 89.4 91.1 89.8 91.0 90.1 91.4 90.8 91.8 90.5 90.0 90.4 91.0
Net primary income from the rest of the world 11.0 9.5 10.2 9.4 10.6 8.9 10.2 9.0 9.9 8.6 9.2 8.2 9.5 10.0 9.6 9.0

Gross National Income 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 8
Unit: In million Philippine Pesos
As of May 2020

Table 2.1 Gross National Income and Gross Domestic Product, by Industry
Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Agriculture, forestry, and fishing 399,694 391,557 381,799 512,906 429,666 406,441 396,871 529,639 421,152 395,969 391,684 513,406 450,802 1,685,956 1,762,616 1,722,211

Industry 1,156,906 1,234,692 1,139,951 1,456,398 1,275,598 1,381,005 1,283,471 1,642,451 1,373,465 1,427,878 1,336,001 1,749,956 1,298,842 4,987,948 5,582,525 5,887,300
01. Mining and quarrying 34,468 38,890 39,470 35,265 40,944 43,539 40,310 38,530 42,484 45,149 37,032 37,161 32,865 148,094 163,322 161,826
02. Manufacturing 768,653 729,101 719,727 1,011,100 823,811 789,469 779,668 1,095,383 878,958 806,663 769,222 1,148,524 802,890 3,228,580 3,488,331 3,603,368
03. Electricity, steam, water and waste management 121,533 153,230 112,114 118,242 135,974 164,329 123,364 133,362 148,193 187,149 132,171 142,898 155,332 505,119 557,030 610,411
04. Construction 232,252 313,472 268,640 291,791 274,869 383,668 340,129 375,175 303,830 388,918 397,575 421,373 307,756 1,106,154 1,373,841 1,511,695

Services 2,188,933 2,527,705 2,496,171 2,669,939 2,395,875 2,781,346 2,769,870 2,972,958 2,628,334 3,033,414 3,001,344 3,243,814 2,723,606 9,882,747 10,920,048 11,906,907
01. Wholesale and retail trade; repair
of motor vehicles and motorcycles 598,752 717,144 786,233 824,373 655,519 794,491 866,978 920,316 718,307 871,509 943,030 996,544 727,194 2,926,502 3,237,304 3,529,389
02. Transportation and storage 154,073 179,323 149,989 153,806 167,971 194,404 167,181 168,283 185,214 211,818 182,219 178,107 166,085 637,191 697,839 757,358
03. Accommodation and food service activities 84,875 77,881 88,146 95,216 99,447 90,238 102,792 110,812 109,945 96,560 108,968 119,094 100,329 346,119 403,289 434,567
04. Information and communication 111,209 124,377 114,502 140,242 117,971 131,393 118,544 148,017 129,930 140,403 126,746 158,111 137,814 490,330 515,925 555,190
05. Financial and insurance activities 317,916 351,415 323,253 333,999 356,829 398,133 366,576 376,608 406,790 443,281 411,257 420,412 459,451 1,326,583 1,498,147 1,681,740
06. Real estate and ownership of dwellings 251,812 269,680 282,779 272,061 278,511 301,594 313,634 295,934 301,072 321,260 335,110 311,308 318,142 1,076,332 1,189,673 1,268,749
07. Professional and business services 244,785 274,091 291,009 300,573 254,243 279,156 306,168 319,699 265,373 295,442 325,091 337,401 274,354 1,110,458 1,159,265 1,223,307
08. Public administration and defense;
compulsory social activities 119,755 171,762 150,516 200,094 137,740 202,294 186,185 241,487 158,400 229,323 205,521 296,741 172,929 642,127 767,706 889,986
09. Education 145,141 180,214 159,467 164,543 156,928 197,895 183,083 193,701 167,700 220,173 192,956 208,662 177,762 649,366 731,607 789,490
10. Human health and social work activities 60,966 79,577 70,638 77,879 64,863 83,617 75,277 84,511 69,894 84,838 80,210 92,585 79,458 289,060 308,268 327,526
11. Other services 99,648 102,240 79,639 107,153 105,853 108,131 83,451 113,590 115,710 118,808 90,237 124,850 110,089 388,679 411,025 449,605

Gross Domestic Product 3,745,533 4,153,954 4,017,922 4,639,242 4,101,138 4,568,792 4,450,213 5,145,048 4,422,951 4,857,262 4,729,028 5,507,177 4,473,250 16,556,651 18,265,190 19,516,418

Net primary income from the rest of the world 449,005 455,580 459,839 462,103 474,989 467,676 510,534 493,959 479,558 480,278 495,169 485,967 465,573 1,826,528 1,947,159 1,940,973

Gross National Income 4,194,538 4,609,535 4,477,761 5,101,345 4,576,127 5,036,468 4,960,747 5,639,007 4,902,509 5,337,541 5,224,197 5,993,144 4,938,823 18,383,179 20,212,349 21,457,391
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 9
Unit: In million Philippine Pesos
As of May 2020

Table 2.2 Gross National Income and Gross Domestic Product, by Industry
Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Agriculture, forestry, and fishing 427,592 406,594 388,417 520,532 438,516 406,797 388,573 528,731 440,880 409,818 400,102 533,055 439,220 1,743,134 1,762,616 1,783,855

Industry 1,220,659 1,355,793 1,194,929 1,431,201 1,305,841 1,456,816 1,274,191 1,545,678 1,370,256 1,493,273 1,342,440 1,637,964 1,328,950 5,202,582 5,582,525 5,843,934
01. Mining and quarrying 41,621 51,012 30,440 36,992 43,913 49,764 29,964 39,681 45,392 56,818 28,909 38,102 35,249 160,065 163,322 169,221
02. Manufacturing 813,258 833,566 726,370 944,447 865,404 891,570 755,189 976,168 910,586 909,831 762,006 1,017,760 877,544 3,317,641 3,488,331 3,600,183
03. Electricity, steam, water and waste management 116,383 133,661 147,043 126,074 125,342 140,762 155,652 135,275 129,544 152,196 167,020 145,158 136,407 523,161 557,030 593,917
04. Construction 249,397 337,553 291,076 323,688 271,181 374,720 333,387 394,553 284,734 374,429 384,505 436,945 279,750 1,201,714 1,373,841 1,480,612

Services 2,311,726 2,674,945 2,559,290 2,684,301 2,471,220 2,856,771 2,734,478 2,857,580 2,646,495 3,071,640 2,933,381 3,089,208 2,682,772 10,230,262 10,920,048 11,740,724
01. Wholesale and retail trade; repair
of motor vehicles and motorcycles 633,596 751,457 819,211 853,289 666,890 798,756 862,992 908,667 713,571 867,098 934,753 985,496 721,617 3,057,552 3,237,304 3,500,918
02. Transportation and storage 163,287 184,983 141,033 158,851 177,655 199,169 156,393 164,622 189,669 211,309 168,745 172,381 169,418 648,153 697,839 742,105
03. Accommodation and food service activities 90,034 87,023 93,835 100,342 100,486 94,149 100,591 108,064 106,499 98,792 106,646 116,489 90,164 371,234 403,289 428,425
04. Information and communication 110,648 123,432 109,373 140,231 119,626 133,245 114,522 148,532 131,511 140,646 120,809 156,456 139,001 483,683 515,925 549,423
05. Financial and insurance activities 335,738 368,286 336,079 342,418 364,962 400,122 364,316 368,748 409,050 442,933 411,062 413,247 448,480 1,382,521 1,498,147 1,676,292
06. Real estate and ownership of dwellings 266,609 284,580 296,042 281,852 283,236 302,671 312,603 291,163 297,690 317,464 331,884 304,257 304,341 1,129,083 1,189,673 1,251,294
07. Professional and business services 227,576 305,421 287,516 296,743 239,640 316,599 298,899 304,127 242,378 326,027 306,888 310,785 244,045 1,117,257 1,159,265 1,186,078
08. Public administration and defense;
compulsory social activities 143,367 185,938 158,893 178,196 162,305 213,847 187,223 204,330 181,348 238,168 203,439 247,923 190,729 666,393 767,706 870,878
09. Education 165,036 192,050 163,398 151,353 173,982 202,749 181,589 173,287 182,895 227,080 185,332 181,136 184,632 671,837 731,607 776,443
10. Human health and social work activities 73,898 88,317 73,593 73,508 75,446 86,813 72,162 73,847 77,720 86,272 76,327 80,617 84,833 309,316 308,268 320,936
11. Other services 101,938 103,458 80,317 107,520 106,992 108,650 83,190 112,193 114,163 115,851 87,496 120,422 105,512 393,233 411,025 437,932

Gross Domestic Product 3,959,977 4,437,331 4,142,636 4,636,033 4,215,576 4,720,384 4,397,241 4,931,988 4,457,631 4,974,731 4,675,923 5,260,228 4,450,941 17,175,978 18,265,190 19,368,513

Net primary income from the rest of the world 488,044 468,220 472,445 479,537 499,419 463,889 497,939 485,911 491,330 465,402 475,215 472,206 469,863 1,908,246 1,947,159 1,904,154

Gross National Income 4,448,021 4,905,551 4,615,081 5,115,571 4,714,996 5,184,273 4,895,181 5,417,900 4,948,961 5,440,133 5,151,138 5,732,434 4,920,804 19,084,224 20,212,349 21,272,666
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 10
Unit: In Percent
As of May 2020

Table 2.3 Gross National Income and Gross Domestic Product, by Industry
Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Agriculture, forestry, and fishing 7.5 3.8 3.9 3.3 -2.0 -2.6 -1.3 -3.1 7.0 4.5 -2.3

Industry 10.3 11.9 12.6 12.8 7.7 3.4 4.1 6.5 -5.4 11.9 5.5
01. Mining and quarrying 18.8 12.0 2.1 9.3 3.8 3.7 -8.1 -3.6 -22.6 10.3 -0.9
02. Manufacturing 7.2 8.3 8.3 8.3 6.7 2.2 -1.3 4.9 -8.7 8.0 3.3
03. Electricity, steam, water and waste management 11.9 7.2 10.0 12.8 9.0 13.9 7.1 7.2 4.8 10.3 9.6
04. Construction 18.3 22.4 26.6 28.6 10.5 1.4 16.9 12.3 1.3 24.2 10.0

Services 9.5 10.0 11.0 11.3 9.7 9.1 8.4 9.1 3.6 10.5 9.0
01. Wholesale and retail trade; repair
of motor vehicles and motorcycles 9.5 10.8 10.3 11.6 9.6 9.7 8.8 8.3 1.2 10.6 9.0
02. Transportation and storage 9.0 8.4 11.5 9.4 10.3 9.0 9.0 5.8 -10.3 9.5 8.5
03. Accommodation and food service activities 17.2 15.9 16.6 16.4 10.6 7.0 6.0 7.5 -8.7 16.5 7.8
04. Information and communication 6.1 5.6 3.5 5.5 10.1 6.9 6.9 6.8 6.1 5.2 7.6
05. Financial and insurance activities 12.2 13.3 13.4 12.8 14.0 11.3 12.2 11.6 12.9 12.9 12.3
06. Real estate and ownership of dwellings 10.6 11.8 10.9 8.8 8.1 6.5 6.8 5.2 5.7 10.5 6.6
07. Professional and business services 3.9 1.8 5.2 6.4 4.4 5.8 6.2 5.5 3.4 4.4 5.5
08. Public administration and defense;
compulsory social activities 15.0 17.8 23.7 20.7 15.0 13.4 10.4 22.9 9.2 19.6 15.9
09. Education 8.1 9.8 14.8 17.7 6.9 11.3 5.4 7.7 6.0 12.7 7.9
10. Human health and social work activities 6.4 5.1 6.6 8.5 7.8 1.5 6.6 9.6 13.7 6.6 6.2
11. Other services 6.2 5.8 4.8 6.0 9.3 9.9 8.1 9.9 -4.9 5.7 9.4

Gross Domestic Product 9.5 10.0 10.8 10.9 7.8 6.3 6.3 7.0 1.1 10.3 6.9

Net primary income from the rest of the world 5.8 2.7 11.0 6.9 1.0 2.7 -3.0 -1.6 -2.9 6.6 -0.3

Gross National Income 9.1 9.3 10.8 10.5 7.1 6.0 5.3 6.3 0.7 10.0 6.2
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 11
Unit: In Percent
As of May 2020

Table 2.4 Gross National Income and Gross Domestic Product, by Industry
Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Agriculture, forestry, and fishing 2.6 0.0 0.0 1.6 0.5 0.7 3.0 0.8 -0.4 1.1 1.2

Industry 7.0 7.5 6.6 8.0 4.9 2.5 5.4 6.0 -3.0 7.3 4.7
01. Mining and quarrying 5.5 -2.4 -1.6 7.3 3.4 14.2 -3.5 -4.0 -22.3 2.0 3.6
02. Manufacturing 6.4 7.0 4.0 3.4 5.2 2.0 0.9 4.3 -3.6 5.1 3.2
03. Electricity, steam, water and waste management 7.7 5.3 5.9 7.3 3.4 8.1 7.3 7.3 5.3 6.5 6.6
04. Construction 8.7 11.0 14.5 21.9 5.0 -0.1 15.3 10.7 -1.8 14.3 7.8

Services 6.9 6.8 6.8 6.5 7.1 7.5 7.3 8.1 1.4 6.7 7.5
01. Wholesale and retail trade; repair
of motor vehicles and motorcycles 5.3 6.3 5.3 6.5 7.0 8.6 8.3 8.5 1.1 5.9 8.1
02. Transportation and storage 8.8 7.7 10.9 3.6 6.8 6.1 7.9 4.7 -10.7 7.7 6.3
03. Accommodation and food service activities 11.6 8.2 7.2 7.7 6.0 4.9 6.0 7.8 -15.3 8.6 6.2
04. Information and communication 8.1 8.0 4.7 5.9 9.9 5.6 5.5 5.3 5.7 6.7 6.5
05. Financial and insurance activities 8.7 8.6 8.4 7.7 12.1 10.7 12.8 12.1 9.6 8.4 11.9
06. Real estate and ownership of dwellings 6.2 6.4 5.6 3.3 5.1 4.9 6.2 4.5 2.2 5.4 5.2
07. Professional and business services 5.3 3.7 4.0 2.5 1.1 3.0 2.7 2.2 0.7 3.8 2.3
08. Public administration and defense;
compulsory social activities 13.2 15.0 17.8 14.7 11.7 11.4 8.7 21.3 5.2 15.2 13.4
09. Education 5.4 5.6 11.1 14.5 5.1 12.0 2.1 4.5 0.9 8.9 6.1
10. Human health and social work activities 2.1 -1.7 -1.9 0.5 3.0 -0.6 5.8 9.2 9.2 -0.3 4.1
11. Other services 5.0 5.0 3.6 4.3 6.7 6.6 5.2 7.3 -7.6 4.5 6.5

Gross Domestic Product 6.5 6.4 6.1 6.4 5.7 5.4 6.3 6.7 -0.2 6.3 6.0

Net primary income from the rest of the world 2.3 -0.9 5.4 1.3 -1.6 0.3 -4.6 -2.8 -4.4 2.0 -2.2

Gross National Income 6.0 5.7 6.1 5.9 5.0 4.9 5.2 5.8 -0.6 5.9 5.2
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 12
As of May 2020

Table 2.5 Gross National Income and Gross Domestic Product, by Industry
Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Agriculture, forestry, and fishing 93.5 96.3 98.3 98.5 98.0 99.9 102.1 100.2 95.5 96.6 97.9 96.3 102.6 96.7 100.0 96.5

Industry 94.8 91.1 95.4 101.8 97.7 94.8 100.7 106.3 100.2 95.6 99.5 106.8 97.7 95.9 100.0 100.7
01. Mining and quarrying 82.8 76.2 129.7 95.3 93.2 87.5 134.5 97.1 93.6 79.5 128.1 97.5 93.2 92.5 100.0 95.6
02. Manufacturing 94.5 87.5 99.1 107.1 95.2 88.5 103.2 112.2 96.5 88.7 100.9 112.8 91.5 97.3 100.0 100.1
03. Electricity, steam, water and waste management 104.4 114.6 76.2 93.8 108.5 116.7 79.3 98.6 114.4 123.0 79.1 98.4 113.9 96.6 100.0 102.8
04. Construction 93.1 92.9 92.3 90.1 101.4 102.4 102.0 95.1 106.7 103.9 103.4 96.4 110.0 92.0 100.0 102.1

Services 94.7 94.5 97.5 99.5 97.0 97.4 101.3 104.0 99.3 98.8 102.3 105.0 101.5 96.6 100.0 101.4
01. Wholesale and retail trade; repair
of motor vehicles and motorcycles 94.5 95.4 96.0 96.6 98.3 99.5 100.5 101.3 100.7 100.5 100.9 101.1 100.8 95.7 100.0 100.8
02. Transportation and storage 94.4 96.9 106.4 96.8 94.5 97.6 106.9 102.2 97.7 100.2 108.0 103.3 98.0 98.3 100.0 102.1
03. Accommodation and food service activities 94.3 89.5 93.9 94.9 99.0 95.8 102.2 102.5 103.2 97.7 102.2 102.2 111.3 93.2 100.0 101.4
04. Information and communication 100.5 100.8 104.7 100.0 98.6 98.6 103.5 99.7 98.8 99.8 104.9 101.1 99.1 101.4 100.0 101.0
05. Financial and insurance activities 94.7 95.4 96.2 97.5 97.8 99.5 100.6 102.1 99.4 100.1 100.0 101.7 102.4 96.0 100.0 100.3
06. Real estate and ownership of dwellings 94.4 94.8 95.5 96.5 98.3 99.6 100.3 101.6 101.1 101.2 101.0 102.3 104.5 95.3 100.0 101.4
07. Professional and business services 107.6 89.7 101.2 101.3 106.1 88.2 102.4 105.1 109.5 90.6 105.9 108.6 112.4 99.4 100.0 103.1
08. Public administration and defense;
compulsory social activities 83.5 92.4 94.7 112.3 84.9 94.6 99.4 118.2 87.3 96.3 101.0 119.7 90.7 96.4 100.0 102.2
09. Education 87.9 93.8 97.6 108.7 90.2 97.6 100.8 111.8 91.7 97.0 104.1 115.2 96.3 96.7 100.0 101.7
10. Human health and social work activities 82.5 90.1 96.0 105.9 86.0 96.3 104.3 114.4 89.9 98.3 105.1 114.8 93.7 93.5 100.0 102.1
11. Other services 97.8 98.8 99.2 99.7 98.9 99.5 100.3 101.2 101.4 102.6 103.1 103.7 104.3 98.8 100.0 102.7

Gross Domestic Product 94.6 93.6 97.0 100.1 97.3 96.8 101.2 104.3 99.2 97.6 101.1 104.7 100.5 96.4 100.0 100.8

Net primary income from the rest of the world 92.0 97.3 97.3 96.4 95.1 100.8 102.5 101.7 97.6 103.2 104.2 102.9 99.1 95.7 100.0 101.9

Gross National Income 94.3 94.0 97.0 99.7 97.1 97.1 101.3 104.1 99.1 98.1 101.4 104.5 100.4 96.3 100.0 100.9
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 13
Unit: In Percent
As of May 2020

Table 2.6 Gross National Income and Gross Domestic Product by Industry
Q1 2017 to Q1 2020
Percent Share to GDP and GNI, at Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Agriculture, forestry, and fishing 10.7 9.4 9.5 11.1 10.5 8.9 8.9 10.3 9.5 8.2 8.3 9.3 10.1 10.2 9.7 8.8

Industry 30.9 29.7 28.4 31.4 31.1 30.2 28.8 31.9 31.1 29.4 28.3 31.8 29.0 30.1 30.6 30.2
01. Mining and quarrying 0.9 0.9 1.0 0.8 1.0 1.0 0.9 0.7 1.0 0.9 0.8 0.7 0.7 0.9 0.9 0.8
02. Manufacturing 20.5 17.6 17.9 21.8 20.1 17.3 17.5 21.3 19.9 16.6 16.3 20.9 17.9 19.5 19.1 18.5
03. Electricity, steam, water and waste management 3.2 3.7 2.8 2.5 3.3 3.6 2.8 2.6 3.4 3.9 2.8 2.6 3.5 3.1 3.0 3.1
04. Construction 6.2 7.5 6.7 6.3 6.7 8.4 7.6 7.3 6.9 8.0 8.4 7.7 6.9 6.7 7.5 7.7

Services 58.4 60.9 62.1 57.6 58.4 60.9 62.2 57.8 59.4 62.5 63.5 58.9 60.9 59.7 59.8 61.0
01. Wholesale and retail trade; repair
of motor vehicles and motorcycles 16.0 17.3 19.6 17.8 16.0 17.4 19.5 17.9 16.2 17.9 19.9 18.1 16.3 17.7 17.7 18.1
02. Transportation and storage 4.1 4.3 3.7 3.3 4.1 4.3 3.8 3.3 4.2 4.4 3.9 3.2 3.7 3.8 3.8 3.9
03. Accommodation and food service activities 2.3 1.9 2.2 2.1 2.4 2.0 2.3 2.2 2.5 2.0 2.3 2.2 2.2 2.1 2.2 2.2
04. Information and communication 3.0 3.0 2.8 3.0 2.9 2.9 2.7 2.9 2.9 2.9 2.7 2.9 3.1 3.0 2.8 2.8
05. Financial and insurance activities 8.5 8.5 8.0 7.2 8.7 8.7 8.2 7.3 9.2 9.1 8.7 7.6 10.3 8.0 8.2 8.6
06. Real estate and ownership of dwellings 6.7 6.5 7.0 5.9 6.8 6.6 7.0 5.8 6.8 6.6 7.1 5.7 7.1 6.5 6.5 6.5
07. Professional and business services 6.5 6.6 7.2 6.5 6.2 6.1 6.9 6.2 6.0 6.1 6.9 6.1 6.1 6.7 6.3 6.3
08. Public administration and defense;
compulsory social activities 3.2 4.1 3.7 4.3 3.4 4.4 4.2 4.7 3.6 4.7 4.3 5.4 3.9 3.9 4.2 4.6
09. Education 3.9 4.3 4.0 3.5 3.8 4.3 4.1 3.8 3.8 4.5 4.1 3.8 4.0 3.9 4.0 4.0
10. Human health and social work activities 1.6 1.9 1.8 1.7 1.6 1.8 1.7 1.6 1.6 1.7 1.7 1.7 1.8 1.7 1.7 1.7
11. Other services 2.7 2.5 2.0 2.3 2.6 2.4 1.9 2.2 2.6 2.4 1.9 2.3 2.5 2.3 2.3 2.3

Gross Domestic Product 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

GDP share to GNI 89.3 90.1 89.7 90.9 89.6 90.7 89.7 91.2 90.2 91.0 90.5 91.9 90.6 90.1 90.4 91.0
Net primary income from the rest of the world 10.7 9.9 10.3 9.1 10.4 9.3 10.3 8.8 9.8 9.0 9.5 8.1 9.4 9.9 9.6 9.0

Gross National Income 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 14
Unit: In Percent
As of May 2020

Table 2.7 Gross National Income and Gross Domestic Product, by Industry
Q1 2017 to Q1 2020
Percent Share to GDP and GNI, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Agriculture, forestry, and fishing 10.8 9.2 9.4 11.2 10.4 8.6 8.8 10.7 9.9 8.2 8.6 10.1 9.9 10.1 9.7 9.2

Industry 30.8 30.6 28.8 30.9 31.0 30.9 29.0 31.3 30.7 30.0 28.7 31.1 29.9 30.3 30.6 30.2
01. Mining and quarrying 1.1 1.1 0.7 0.8 1.0 1.1 0.7 0.8 1.0 1.1 0.6 0.7 0.8 0.9 0.9 0.9
02. Manufacturing 20.5 18.8 17.5 20.4 20.5 18.9 17.2 19.8 20.4 18.3 16.3 19.3 19.7 19.3 19.1 18.6
03. Electricity, steam, water and waste management 2.9 3.0 3.5 2.7 3.0 3.0 3.5 2.7 2.9 3.1 3.6 2.8 3.1 3.0 3.0 3.1
04. Construction 6.3 7.6 7.0 7.0 6.4 7.9 7.6 8.0 6.4 7.5 8.2 8.3 6.3 7.0 7.5 7.6

Services 58.4 60.3 61.8 57.9 58.6 60.5 62.2 57.9 59.4 61.7 62.7 58.7 60.3 59.6 59.8 60.6
01. Wholesale and retail trade; repair
of motor vehicles and motorcycles 16.0 16.9 19.8 18.4 15.8 16.9 19.6 18.4 16.0 17.4 20.0 18.7 16.2 17.8 17.7 18.1
02. Transportation and storage 4.1 4.2 3.4 3.4 4.2 4.2 3.6 3.3 4.3 4.2 3.6 3.3 3.8 3.8 3.8 3.8
03. Accommodation and food service activities 2.3 2.0 2.3 2.2 2.4 2.0 2.3 2.2 2.4 2.0 2.3 2.2 2.0 2.2 2.2 2.2
04. Information and communication 2.8 2.8 2.6 3.0 2.8 2.8 2.6 3.0 3.0 2.8 2.6 3.0 3.1 2.8 2.8 2.8
05. Financial and insurance activities 8.5 8.3 8.1 7.4 8.7 8.5 8.3 7.5 9.2 8.9 8.8 7.9 10.1 8.0 8.2 8.7
06. Real estate and ownership of dwellings 6.7 6.4 7.1 6.1 6.7 6.4 7.1 5.9 6.7 6.4 7.1 5.8 6.8 6.6 6.5 6.5
07. Professional and business services 5.7 6.9 6.9 6.4 5.7 6.7 6.8 6.2 5.4 6.6 6.6 5.9 5.5 6.5 6.3 6.1
08. Public administration and defense;
compulsory social activities 3.6 4.2 3.8 3.8 3.9 4.5 4.3 4.1 4.1 4.8 4.4 4.7 4.3 3.9 4.2 4.5
09. Education 4.2 4.3 3.9 3.3 4.1 4.3 4.1 3.5 4.1 4.6 4.0 3.4 4.1 3.9 4.0 4.0
10. Human health and social work activities 1.9 2.0 1.8 1.6 1.8 1.8 1.6 1.5 1.7 1.7 1.6 1.5 1.9 1.8 1.7 1.7
11. Other services 2.6 2.3 1.9 2.3 2.5 2.3 1.9 2.3 2.6 2.3 1.9 2.3 2.4 2.3 2.3 2.3

Gross Domestic Product 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

GDP share to GNI 89.0 90.5 89.8 90.6 89.4 91.1 89.8 91.0 90.1 91.4 90.8 91.8 90.5 90.0 90.4 91.0
Net primary income from the rest of the world 11.0 9.5 10.2 9.4 10.6 8.9 10.2 9.0 9.9 8.6 9.2 8.2 9.5 10.0 9.6 9.0

Gross National Income 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 15
Unit: In million Philippine Pesos
As of May 2020

Table 3.1 Net Primary Income From the Rest of the World
Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Total inflow 556,909 563,481 575,936 580,612 605,523 624,583 651,702 644,280 650,115 655,369 679,775 656,392 639,335 2,276,938 2,526,088 2,641,650
Compensation 527,830 528,728 543,310 543,151 568,306 580,933 592,253 585,026 594,043 598,912 626,338 611,335 587,972 2,143,019 2,326,518 2,430,628
Property income 29,079 34,753 32,626 37,461 37,217 43,650 59,449 59,254 56,072 56,457 53,436 45,057 51,363 133,919 199,570 211,022

Total outflow 107,904 107,901 116,097 118,509 130,534 156,907 141,168 150,321 170,556 175,091 184,606 170,424 173,761 450,410 578,929 700,678
Compensation 22,376 25,416 22,288 24,508 38,675 46,513 28,786 36,299 76,981 70,580 79,110 85,633 87,569 94,588 150,273 312,303
Property expense 85,528 82,485 93,809 94,000 91,859 110,394 112,381 114,022 93,575 104,511 105,496 84,791 86,192 355,823 428,656 388,374

Net Primary Income From the Rest of the World 449,005 455,580 459,839 462,103 474,989 467,676 510,534 493,959 479,558 480,278 495,169 485,967 465,573 1,826,528 1,947,159 1,940,973
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In million Philippine Pesos
As of May 2020

Table 3.2 Net Primary Income From the Rest of the World
Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Total inflow 603,908 579,292 592,433 603,175 634,488 620,211 636,699 634,691 661,510 635,817 654,791 639,422 640,028 2,378,807 2,526,088 2,591,540
Compensation 572,356 543,541 558,832 564,168 595,335 576,666 578,373 576,143 604,402 581,079 603,408 595,631 588,562 2,238,897 2,326,518 2,384,521
Property income 31,552 35,751 33,601 39,006 39,152 43,544 58,325 58,548 57,108 54,737 51,383 43,791 51,467 139,910 199,570 207,019

Total outflow 115,864 111,072 119,988 123,637 135,068 156,322 138,759 148,780 170,180 170,414 179,576 167,215 170,166 470,561 578,929 687,386
Compensation 23,151 26,287 23,471 25,912 38,675 46,513 28,786 36,299 74,877 68,963 77,929 84,611 83,799 98,819 150,273 306,379
Property expense 92,714 84,786 96,517 97,726 96,393 109,809 109,973 112,481 95,303 101,452 101,648 82,604 86,366 371,742 428,656 381,007

Net Primary Income From the Rest of the World 488,044 468,220 472,445 479,537 499,419 463,889 497,939 485,911 491,330 465,402 475,215 472,206 469,863 1,908,246 1,947,159 1,904,154
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 16
Unit: In Percent
As of May 2020

Table 3.3 Net Primary Income From the Rest of the World
Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Total inflow 8.7 10.8 13.2 11.0 7.4 4.9 4.3 1.9 -1.7 10.9 4.6
Compensation 7.7 9.9 9.0 7.7 4.5 3.1 5.8 4.5 -1.0 8.6 4.5
Property income 28.0 25.6 82.2 58.2 50.7 29.3 -10.1 -24.0 -8.4 49.0 5.7

Total outflow 21.0 45.4 21.6 26.8 30.7 11.6 30.8 13.4 1.9 28.5 21.0
Compensation 72.8 83.0 29.2 48.1 99.0 51.7 174.8 135.9 13.8 58.9 107.8
Property expense 7.4 33.8 19.8 21.3 1.9 -5.3 -6.1 -25.6 -7.9 20.5 -9.4

Net Primary Income From the Rest of the World 5.8 2.7 11.0 6.9 1.0 2.7 -3.0 -1.6 -2.9 6.6 -0.3
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 3.4 Net Primary Income From the Rest of the World
Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Total inflow 5.1 7.1 7.5 5.2 4.3 2.5 2.8 0.7 -3.2 6.2 2.6
Compensation 4.0 6.1 3.5 2.1 1.5 0.8 4.3 3.4 -2.6 3.9 2.5
Property income 24.1 21.8 73.6 50.1 45.9 25.7 -11.9 -25.2 -9.9 42.6 3.7

Total outflow 16.6 40.7 15.6 20.3 26.0 9.0 29.4 12.4 0.0 23.0 18.7
Compensation 67.1 76.9 22.6 40.1 93.6 48.3 170.7 133.1 11.9 52.1 103.9
Property expense 4.0 29.5 13.9 15.1 -1.1 -7.6 -7.6 -26.6 -9.4 15.3 -11.1

Net Primary Income From the Rest of the World 2.3 -0.9 5.4 1.3 -1.6 0.3 -4.6 -2.8 -4.4 2.0 -2.2
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 17
As of May 2020

Table 3.5 Net Primary Income From the Rest of the World
Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Total inflow 92.2 97.3 97.2 96.3 95.4 100.7 102.4 101.5 98.3 103.1 103.8 102.7 99.9 95.7 100.0 101.9
Compensation 92.2 97.3 97.2 96.3 95.5 100.7 102.4 101.5 98.3 103.1 103.8 102.6 99.9 95.7 100.0 101.9
Property income 92.2 97.2 97.1 96.0 95.1 100.2 101.9 101.2 98.2 103.1 104.0 102.9 99.8 95.7 100.0 101.9

Total outflow 93.1 97.1 96.8 95.9 96.6 100.4 101.7 101.0 100.2 102.7 102.8 101.9 102.1 95.7 100.0 101.9
Compensation 96.7 96.7 95.0 94.6 100.0 100.0 100.0 100.0 102.8 102.3 101.5 101.2 104.5 95.7 100.0 101.9
Property expense 92.2 97.3 97.2 96.2 95.3 100.5 102.2 101.4 98.2 103.0 103.8 102.6 99.8 95.7 100.0 101.9

Net Primary Income From the Rest of the World 92.0 97.3 97.3 96.4 95.1 100.8 102.5 101.7 97.6 103.2 104.2 102.9 99.1 95.7 100.0 101.9
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 18
Unit: In Philippine Peso
As of May 2020

Table 4.1 Per Capita: Gross Domestic Product, Gross National Income, and Household Final Consumption Expenditure
Q1 2017 to Q1 2020

2017 2018 2019 2020 Annual

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

At current prices
Per Capita Gross Domestic Product 36,239 40,034 38,571 44,365 39,070 43,364 42,080 48,473 41,519 45,435 44,078 51,153 41,406 158,940 172,712 181,907
Per Capita Gross National Income 40,583 44,425 42,985 48,785 43,595 47,803 46,908 53,127 46,021 49,927 48,693 55,667 45,715 176,474 191,124 199,998
Per Capita Household Final Consumption Expenditure 26,917 28,177 27,735 32,094 29,066 30,752 30,519 35,156 31,363 32,749 32,281 36,993 31,680 114,725 125,290 133,175

At constant 2018 prices

Per Capita Gross Domestic Product 38,314 42,765 39,768 44,335 40,160 44,803 41,579 46,466 41,845 46,534 43,583 48,859 41,199 164,885 172,712 180,528
Per Capita Gross National Income 43,036 47,278 44,304 48,921 44,918 49,205 46,288 51,044 46,457 50,887 48,012 53,245 45,549 183,204 191,124 198,276
Per Capita Household Final Consumption Expenditure 28,479 29,620 28,640 33,734 29,674 30,978 29,774 35,073 31,062 32,243 31,113 36,533 30,680 120,264 125,290 130,743

Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 4.2 Per Capita: Gross Domestic Product, Gross National Income, and Household Final Consumption Expenditure
Q1 2018 to Q1 2020
Growth rates

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

At current prices
Per Capita Gross Domestic Product 7.8 8.3 9.1 9.3 6.3 4.8 4.7 5.5 -0.3 8.7 5.3
Per Capita Gross National Income 7.4 7.6 9.1 8.9 5.6 4.4 3.8 4.8 -0.7 8.3 4.6
Per Capita Household Final Consumption Expenditure 8.0 9.1 10.0 9.5 7.9 6.5 5.8 5.2 1.0 9.2 6.3

At constant 2018 prices

Per Capita Gross Domestic Product 4.8 4.8 4.6 4.8 4.2 3.9 4.8 5.1 -1.5 4.7 4.5
Per Capita Gross National Income 4.4 4.1 4.5 4.3 3.4 3.4 3.7 4.3 -2.0 4.3 3.7
Per Capita Household Final Consumption Expenditure 4.2 4.6 4.0 4.0 4.7 4.1 4.5 4.2 -1.2 4.2 4.4

Source: Philippine Statistics Authority

National Accounts of the Philippines Page 19
Unit: In million Philippine pesos
As of May 2020

Table 5.1 Household Final Consumption Expenditure, by Purpose

Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Purpose Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Food and non-alcoholic beverages 879,730 988,059 955,886 1,205,661 971,948 1,116,762 1,071,954 1,363,238 1,073,064 1,208,723 1,118,146 1,424,033 1,142,074 4,029,336 4,523,903 4,823,965
Alcoholic beverages, tobacco 55,229 69,616 66,177 83,703 60,354 80,970 76,571 95,966 65,521 86,914 83,592 107,678 64,924 274,724 313,861 343,705
Clothing and footwear 55,421 61,673 57,330 72,230 55,371 61,704 58,438 74,426 58,905 66,341 61,323 78,650 60,557 246,653 249,939 265,219
Housing, water, electricity, gas and other fuels 308,681 353,832 333,811 359,838 346,512 398,691 383,223 396,703 381,772 431,616 417,627 420,541 399,775 1,356,162 1,525,129 1,651,555

Furnishings, household equipment

and routine household maintenance 91,745 88,572 89,179 98,877 98,798 96,774 98,896 107,961 106,181 103,431 107,053 115,802 101,926 368,373 402,428 432,467
Health 109,036 114,376 141,637 124,782 118,081 119,183 153,945 136,315 128,816 129,215 168,198 149,033 147,735 489,831 527,525 575,262
Transport 348,735 342,905 333,415 300,830 376,222 368,546 365,440 324,519 405,326 390,112 386,914 336,384 372,852 1,325,885 1,434,727 1,518,736
Communication 85,468 82,004 70,588 93,969 91,920 87,883 72,778 98,733 99,863 92,881 77,871 104,334 106,001 332,028 351,314 374,950
Recreation and culture 65,441 66,752 53,556 85,600 69,191 71,222 57,309 92,013 76,523 78,429 62,317 98,790 76,179 271,350 289,736 316,059
Education 144,263 144,109 166,270 163,246 157,093 159,229 192,427 187,784 168,743 174,372 207,352 203,473 177,288 617,888 696,532 753,941
Restaurants and hotels 279,972 251,783 284,832 308,776 314,008 276,714 315,740 346,505 345,912 299,142 346,724 382,546 299,933 1,125,362 1,252,967 1,374,323
Miscellaneous goods and services 358,332 359,968 336,480 458,491 391,484 402,363 380,870 507,307 430,379 439,885 426,293 561,400 473,304 1,513,271 1,682,024 1,857,957

Household Final Consumption Expenditure 2,782,053 2,923,649 2,889,159 3,356,002 3,050,982 3,240,042 3,227,592 3,731,469 3,341,004 3,501,062 3,463,412 3,982,663 3,422,550 11,950,864 13,250,084 14,288,140
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In million Philippine pesos
As of May 2020

Table 5.2 Household Final Consumption Expenditure, by Purpose

Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Purpose Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Food and non-alcoholic beverages 956,717 1,059,166 1,013,129 1,275,330 1,006,691 1,132,968 1,045,323 1,338,921 1,065,738 1,195,240 1,091,080 1,403,665 1,116,360 4,304,342 4,523,903 4,755,723
Alcoholic beverages, tobacco 71,863 83,158 74,642 100,597 67,746 80,511 70,835 94,768 65,258 79,207 70,003 91,067 54,585 330,259 313,861 305,536
Clothing and footwear 56,466 59,071 60,087 75,138 56,870 57,975 59,645 75,449 59,216 61,129 61,281 78,147 59,264 250,762 249,939 259,773
Housing, water, electricity, gas and other fuels 339,302 370,699 335,897 363,930 370,453 404,525 365,616 384,536 394,855 426,384 394,124 405,370 406,141 1,409,828 1,525,129 1,620,733

Furnishings, household equipment

and routine household maintenance 94,410 91,218 90,719 103,695 99,222 97,085 97,018 109,102 103,126 101,007 102,639 114,510 95,536 380,043 402,428 421,282
Health 115,862 120,354 143,571 126,862 122,718 122,378 149,773 132,656 128,890 128,510 159,584 141,797 143,714 506,650 527,525 558,780
Transport 372,431 379,999 332,208 327,110 382,728 386,090 336,748 329,161 404,217 398,600 359,025 345,649 368,195 1,411,748 1,434,727 1,507,491
Communication 82,927 81,430 71,559 97,429 88,923 87,205 73,268 101,918 96,437 92,104 78,501 107,976 101,929 333,344 351,314 375,019
Recreation and culture 66,971 68,917 55,221 85,895 69,798 72,671 57,735 89,532 75,041 77,921 61,796 95,409 73,613 277,005 289,736 310,167
Education 143,681 139,161 159,920 167,607 153,649 150,327 192,036 200,520 172,085 172,315 199,155 209,056 172,717 610,369 696,532 752,611
Restaurants and hotels 289,837 270,681 287,840 319,429 316,747 287,983 304,562 343,675 336,499 302,536 325,982 371,621 284,570 1,167,787 1,252,967 1,336,638
Miscellaneous goods and services 353,024 349,562 358,651 484,456 379,255 384,155 396,160 522,454 407,607 412,049 434,839 568,943 437,890 1,545,693 1,682,024 1,823,439

Household Final Consumption Expenditure 2,943,490 3,073,414 2,983,445 3,527,479 3,114,801 3,263,873 3,148,718 3,722,692 3,308,970 3,447,003 3,338,010 3,933,210 3,314,513 12,527,828 13,250,084 14,027,192
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 20
Unit: In Percent
As of May 2020

Table 5.3 Household Final Consumption Expenditure, by Purpose

Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Purpose Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Food and non-alcoholic beverages 10.5 13.0 12.1 13.1 10.4 8.2 4.3 4.5 6.4 12.3 6.6
Alcoholic beverages, tobacco 9.3 16.3 15.7 14.7 8.6 7.3 9.2 12.2 -0.9 14.2 9.5
Clothing and footwear -0.1 0.1 1.9 3.0 6.4 7.5 4.9 5.7 2.8 1.3 6.1
Housing, water, electricity, gas and other fuels 12.3 12.7 14.8 10.2 10.2 8.3 9.0 6.0 4.7 12.5 8.3

Furnishings, household equipment

and routine household maintenance 7.7 9.3 10.9 9.2 7.5 6.9 8.2 7.3 -4.0 9.2 7.5
Health 8.3 4.2 8.7 9.2 9.1 8.4 9.3 9.3 14.7 7.7 9.0
Transport 7.9 7.5 9.6 7.9 7.7 5.9 5.9 3.7 -8.0 8.2 5.9
Communication 7.5 7.2 3.1 5.1 8.6 5.7 7.0 5.7 6.1 5.8 6.7
Recreation and culture 5.7 6.7 7.0 7.5 10.6 10.1 8.7 7.4 -0.4 6.8 9.1
Education 8.9 10.5 15.7 15.0 7.4 9.5 7.8 8.4 5.1 12.7 8.2
Restaurants and hotels 12.2 9.9 10.9 12.2 10.2 8.1 9.8 10.4 -13.3 11.3 9.7
Miscellaneous goods and services 9.3 11.8 13.2 10.6 9.9 9.3 11.9 10.7 10.0 11.2 10.5

Household Final Consumption Expenditure 9.7 10.8 11.7 11.2 9.5 8.1 7.3 6.7 2.4 10.9 7.8
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 5.4 Household Final Consumption Expenditure, by Purpose

Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Purpose Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Food and non-alcoholic beverages 5.2 7.0 3.2 5.0 5.9 5.5 4.4 4.8 4.7 5.1 5.1
Alcoholic beverages, tobacco -5.7 -3.2 -5.1 -5.8 -3.7 -1.6 -1.2 -3.9 -16.4 -5.0 -2.7
Clothing and footwear 0.7 -1.9 -0.7 0.4 4.1 5.4 2.7 3.6 0.1 -0.3 3.9
Housing, water, electricity, gas and other fuels 9.2 9.1 8.8 5.7 6.6 5.4 7.8 5.4 2.9 8.2 6.3

Furnishings, household equipment

and routine household maintenance 5.1 6.4 6.9 5.2 3.9 4.0 5.8 5.0 -7.4 5.9 4.7
Health 5.9 1.7 4.3 4.6 5.0 5.0 6.6 6.9 11.5 4.1 5.9
Transport 2.8 1.6 1.4 0.6 5.6 3.2 6.6 5.0 -8.9 1.6 5.1
Communication 7.2 7.1 2.4 4.6 8.4 5.6 7.1 5.9 5.7 5.4 6.7
Recreation and culture 4.2 5.4 4.6 4.2 7.5 7.2 7.0 6.6 -1.9 4.6 7.1
Education 6.9 8.0 20.1 19.6 12.0 14.6 3.7 4.3 0.4 14.1 8.1
Restaurants and hotels 9.3 6.4 5.8 7.6 6.2 5.1 7.0 8.1 -15.4 7.3 6.7
Miscellaneous goods and services 7.4 9.9 10.5 7.8 7.5 7.3 9.8 8.9 7.4 8.8 8.4

Household Final Consumption Expenditure 5.8 6.2 5.5 5.5 6.2 5.6 6.0 5.7 0.2 5.8 5.9
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 21
As of May 2020

Table 5.5 Household Final Consumption Expenditure, by Purpose

Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Purpose Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Food and non-alcoholic beverages 92.0 93.3 94.3 94.5 96.5 98.6 102.5 101.8 100.7 101.1 102.5 101.5 102.3 93.6 100.0 101.4
Alcoholic beverages, tobacco 76.9 83.7 88.7 83.2 89.1 100.6 108.1 101.3 100.4 109.7 119.4 118.2 118.9 83.2 100.0 112.5
Clothing and footwear 98.1 104.4 95.4 96.1 97.4 106.4 98.0 98.6 99.5 108.5 100.1 100.6 102.2 98.4 100.0 102.1
Housing, water, electricity, gas and other fuels 91.0 95.5 99.4 98.9 93.5 98.6 104.8 103.2 96.7 101.2 106.0 103.7 98.4 96.2 100.0 101.9

Furnishings, household equipment

and routine household maintenance 97.2 97.1 98.3 95.4 99.6 99.7 101.9 99.0 103.0 102.4 104.3 101.1 106.7 96.9 100.0 102.7
Health 94.1 95.0 98.7 98.4 96.2 97.4 102.8 102.8 99.9 100.5 105.4 105.1 102.8 96.7 100.0 102.9
Transport 93.6 90.2 100.4 92.0 98.3 95.5 108.5 98.6 100.3 97.9 107.8 97.3 101.3 93.9 100.0 100.7
Communication 103.1 100.7 98.6 96.4 103.4 100.8 99.3 96.9 103.6 100.8 99.2 96.6 104.0 99.6 100.0 100.0
Recreation and culture 97.7 96.9 97.0 99.7 99.1 98.0 99.3 102.8 102.0 100.7 100.8 103.5 103.5 98.0 100.0 101.9
Education 100.4 103.6 104.0 97.4 102.2 105.9 100.2 93.6 98.1 101.2 104.1 97.3 102.6 101.2 100.0 100.2
Restaurants and hotels 96.6 93.0 99.0 96.7 99.1 96.1 103.7 100.8 102.8 98.9 106.4 102.9 105.4 96.4 100.0 102.8
Miscellaneous goods and services 101.5 103.0 93.8 94.6 103.2 104.7 96.1 97.1 105.6 106.8 98.0 98.7 108.1 97.9 100.0 101.9

Household Final Consumption Expenditure 94.5 95.1 96.8 95.1 98.0 99.3 102.5 100.2 101.0 101.6 103.8 101.3 103.3 95.4 100.0 101.9
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 22
Unit: In Percent
As of May 2020

Table 5.6 Household Final Consumption Expenditure, by Purpose

Q1 2017 to Q1 2020
Percent Share, at Current Prices

2017 2018 2019 2020 Annual

Purpose Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Food and non-alcoholic beverages 31.6 33.8 33.1 35.9 31.9 34.5 33.2 36.5 32.1 34.5 32.3 35.8 33.4 33.7 34.1 33.8
Alcoholic beverages, tobacco 2.0 2.4 2.3 2.5 2.0 2.5 2.4 2.6 2.0 2.5 2.4 2.7 1.9 2.3 2.4 2.4
Clothing and footwear 2.0 2.1 2.0 2.2 1.8 1.9 1.8 2.0 1.8 1.9 1.8 2.0 1.8 2.1 1.9 1.9
Housing, water, electricity, gas and other fuels 11.1 12.1 11.6 10.7 11.4 12.3 11.9 10.6 11.4 12.3 12.1 10.6 11.7 11.3 11.5 11.6

Furnishings, household equipment

and routine household maintenance 3.3 3.0 3.1 2.9 3.2 3.0 3.1 2.9 3.2 3.0 3.1 2.9 3.0 3.1 3.0 3.0
Health 3.9 3.9 4.9 3.7 3.9 3.7 4.8 3.7 3.9 3.7 4.9 3.7 4.3 4.1 4.0 4.0
Transport 12.5 11.7 11.5 9.0 12.3 11.4 11.3 8.7 12.1 11.1 11.2 8.4 10.9 11.1 10.8 10.6
Communication 3.1 2.8 2.4 2.8 3.0 2.7 2.3 2.6 3.0 2.7 2.2 2.6 3.1 2.8 2.7 2.6
Recreation and culture 2.4 2.3 1.9 2.6 2.3 2.2 1.8 2.5 2.3 2.2 1.8 2.5 2.2 2.3 2.2 2.2
Education 5.2 4.9 5.8 4.9 5.1 4.9 6.0 5.0 5.1 5.0 6.0 5.1 5.2 5.2 5.3 5.3
Restaurants and hotels 10.1 8.6 9.9 9.2 10.3 8.5 9.8 9.3 10.4 8.5 10.0 9.6 8.8 9.4 9.5 9.6
Miscellaneous goods and services 12.9 12.3 11.6 13.7 12.8 12.4 11.8 13.6 12.9 12.6 12.3 14.1 13.8 12.7 12.7 13.0

Household Final Consumption Expenditure 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 5.7 Household Final Consumption Expenditure, by Purpose

Q1 2017 to Q1 2020
Percent Share, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Purpose Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Food and non-alcoholic beverages 32.5 34.5 34.0 36.2 32.3 34.7 33.2 36.0 32.2 34.7 32.7 35.7 33.7 34.4 34.1 33.9
Alcoholic beverages, tobacco 2.4 2.7 2.5 2.9 2.2 2.5 2.2 2.5 2.0 2.3 2.1 2.3 1.6 2.6 2.4 2.2
Clothing and footwear 1.9 1.9 2.0 2.1 1.8 1.8 1.9 2.0 1.8 1.8 1.8 2.0 1.8 2.0 1.9 1.9
Housing, water, electricity, gas and other fuels 11.5 12.1 11.3 10.3 11.9 12.4 11.6 10.3 11.9 12.4 11.8 10.3 12.3 11.3 11.5 11.6

Furnishings, household equipment

and routine household maintenance 3.2 3.0 3.0 2.9 3.2 3.0 3.1 2.9 3.1 2.9 3.1 2.9 2.9 3.0 3.0 3.0
Health 3.9 3.9 4.8 3.6 3.9 3.7 4.8 3.6 3.9 3.7 4.8 3.6 4.3 4.0 4.0 4.0
Transport 12.7 12.4 11.1 9.3 12.3 11.8 10.7 8.8 12.2 11.6 10.8 8.8 11.1 11.3 10.8 10.7
Communication 2.8 2.6 2.4 2.8 2.9 2.7 2.3 2.7 2.9 2.7 2.4 2.7 3.1 2.7 2.7 2.7
Recreation and culture 2.3 2.2 1.9 2.4 2.2 2.2 1.8 2.4 2.3 2.3 1.9 2.4 2.2 2.2 2.2 2.2
Education 4.9 4.5 5.4 4.8 4.9 4.6 6.1 5.4 5.2 5.0 6.0 5.3 5.2 4.9 5.3 5.4
Restaurants and hotels 9.8 8.8 9.6 9.1 10.2 8.8 9.7 9.2 10.2 8.8 9.8 9.4 8.6 9.3 9.5 9.5
Miscellaneous goods and services 12.0 11.4 12.0 13.7 12.2 11.8 12.6 14.0 12.3 12.0 13.0 14.5 13.2 12.3 12.7 13.0

Household Final Consumption Expenditure 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 23
Unit: In million Philippine pesos
As of May 2020

Table 6.1 Gross Domestic Capital Formation in Durable Equipment, by Major Type of Equipment
Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Major type of equipment Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Machinery specialized for particular industries 58,638 56,260 58,502 65,704 67,336 73,291 61,855 71,160 66,092 63,663 52,447 56,447 53,260 239,103 273,642 238,649
Agricultural machinery 3,965 3,118 4,548 4,232 4,469 4,112 4,005 4,455 4,148 3,774 3,764 2,681 2,848 15,863 17,041 14,367
Mining and construction machinery 10,920 11,548 13,755 14,227 12,641 17,949 18,242 17,223 14,090 13,108 9,716 9,997 9,044 50,451 66,055 46,911
Textile machinery 1,067 903 890 857 801 1,142 1,001 1,213 984 917 951 974 623 3,717 4,156 3,826
Pulp and paper machinery 595 502 610 947 751 609 601 573 647 1,029 717 1,188 1,797 2,654 2,534 3,581
Metal working machinery 4,071 3,764 4,079 4,268 4,695 4,493 4,525 4,881 4,020 4,569 4,492 3,896 3,270 16,182 18,594 16,977
Telecommunication and sound equipment 25,645 22,390 20,713 29,562 32,962 32,114 21,469 29,913 30,574 28,003 21,891 26,147 27,520 98,310 116,458 106,616
Food processing machinery 813 1,214 1,236 1,318 1,559 1,366 1,331 1,593 1,357 2,688 2,677 1,651 1,429 4,581 5,849 8,373
Other special industrial machinery 11,563 12,820 12,670 10,291 9,459 11,505 10,682 11,309 10,272 9,575 8,238 9,912 6,728 47,344 42,956 37,998
General industrial machinery and equipment 59,221 57,781 56,384 56,094 67,578 61,379 55,656 62,127 71,921 62,124 63,897 56,071 57,070 229,479 246,741 254,012
Air conditioning and refrigeration equipment 8,351 8,749 7,993 9,403 9,368 10,024 10,504 10,255 9,789 10,565 10,605 11,055 10,421 34,497 40,152 42,014
Pumps and compressor 5,834 6,140 6,607 7,005 7,742 8,028 6,634 6,468 9,621 7,064 7,046 6,882 5,033 25,586 28,873 30,613
Power generating machinery 15,167 15,594 19,658 16,662 16,580 16,185 14,251 20,743 18,635 20,810 23,916 17,536 12,176 67,081 67,759 80,897
Other general industrial machinery 29,869 27,297 22,126 23,023 33,888 27,141 24,266 24,661 33,876 23,684 22,330 20,598 29,440 102,315 109,957 100,488
Transport equipment 160,552 162,308 187,490 219,243 154,698 189,770 236,829 213,993 174,220 153,285 180,011 192,504 151,092 729,592 795,291 700,020
Road transport 145,899 139,051 175,423 190,764 144,373 159,996 196,376 174,160 156,913 139,633 162,388 163,889 138,734 651,138 674,904 622,823
Railway transport 322 53 77 17 91 21 34 123 75 30 19 499 895 470 268 623
Air transport 10,973 19,357 9,390 27,519 7,467 24,052 37,017 37,670 14,991 12,331 15,766 25,033 10,350 67,238 106,205 68,120
Water transport 3,358 3,847 2,600 942 2,767 5,702 3,403 2,041 2,241 1,290 1,838 3,084 1,114 10,747 13,913 8,454
Miscellaneous equipment 50,410 47,171 47,171 51,036 49,958 52,571 52,931 55,887 64,793 55,086 74,561 64,843 56,767 195,788 211,347 259,283
Office machinery and data processing 4,722 6,365 8,004 5,633 4,828 4,409 5,367 5,254 4,540 5,353 4,996 4,828 3,801 24,724 19,858 19,718
Furniture and fixture 7,930 5,940 5,792 8,263 7,554 7,856 7,822 9,437 11,894 9,897 9,930 10,053 9,683 27,924 32,670 41,775
Professional machinery and equipment 25,424 26,183 25,498 29,067 25,896 30,013 29,517 30,055 30,567 27,784 47,532 36,693 28,931 106,172 115,482 142,577
Other miscellaneous durable equipment 12,335 8,684 7,877 8,073 11,680 10,292 10,225 11,141 17,791 12,052 12,102 13,268 14,352 36,969 43,338 55,214

Gross Domestic Capital Formation in Durable

Equipment 328,821 323,519 349,547 392,075 339,570 377,011 407,271 403,168 377,025 334,158 370,916 369,866 318,190 1,393,963 1,527,020 1,451,965
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 24
Unit: In million Philippine pesos
As of May 2020

Table 6.2 Gross Domestic Capital Formation in Durable Equipment, by Major Type of Equipment
Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Major type of equipment Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Machinery specialized for particular industries 61,052 32,948 65,539 81,527 67,600 47,177 73,506 85,359 61,856 39,158 65,300 69,159 50,857 241,067 273,642 235,473
Agricultural machinery 4,063 1,004 4,587 6,379 4,727 1,448 4,364 6,502 4,092 1,317 4,445 4,113 2,847 16,032 17,041 13,966
Mining and construction machinery 11,903 3,928 13,857 21,310 13,403 6,462 20,676 25,514 13,636 4,718 11,765 15,488 8,871 50,998 66,055 45,608
Textile machinery 1,179 504 940 1,162 884 642 1,085 1,545 935 500 1,050 1,260 604 3,785 4,156 3,745
Pulp and paper machinery 633 202 533 1,320 793 266 685 790 512 393 852 1,729 1,430 2,688 2,534 3,486
Metal working machinery 4,497 1,350 4,133 6,384 4,963 1,682 4,929 7,020 3,754 1,658 5,239 5,859 3,094 16,364 18,594 16,510
Telecommunication and sound equipment 24,886 19,614 26,025 28,004 30,827 30,269 28,537 26,825 28,099 24,893 29,349 24,569 26,253 98,529 116,458 106,910
Food processing machinery 914 445 1,293 1,983 1,643 513 1,415 2,278 1,344 977 3,218 2,603 1,435 4,634 5,849 8,142
Other special industrial machinery 12,979 5,902 14,172 14,985 10,361 5,894 11,815 14,886 9,484 4,704 9,382 13,538 6,323 48,037 42,956 37,108
General industrial machinery and equipment 57,907 49,725 65,600 60,090 64,651 56,026 63,904 62,159 67,016 53,715 72,407 57,343 54,131 233,322 246,741 250,481
Air conditioning and refrigeration equipment 8,190 7,494 9,208 10,178 8,949 8,946 12,052 10,205 8,895 9,015 12,106 11,388 9,645 35,071 40,152 41,404
Pumps and compressor 5,643 5,077 7,697 7,419 7,379 7,062 7,956 6,476 8,832 5,961 8,239 7,047 4,690 25,836 28,873 30,079
Power generating machinery 14,469 12,855 22,817 17,603 15,864 14,511 16,501 20,883 17,829 17,347 26,786 17,529 11,830 67,744 67,759 79,491
Other general industrial machinery 29,604 24,299 25,877 24,890 32,459 25,507 27,396 24,595 31,459 21,392 25,277 21,379 27,965 104,671 109,957 99,507
Transport equipment 165,196 176,010 167,084 215,242 159,330 219,404 216,116 200,441 166,833 170,084 160,798 188,266 170,497 723,532 795,291 685,981
Road transport 149,955 150,343 156,386 188,543 148,940 183,659 179,253 163,052 151,261 154,310 145,130 161,009 158,910 645,227 674,904 611,710
Railway transport 317 68 69 15 94 28 32 113 79 42 18 460 952 469 268 598
Air transport 11,687 21,656 7,993 25,808 7,662 29,445 33,624 35,473 13,544 14,253 13,924 23,764 9,486 67,144 106,205 65,484
Water transport 3,237 3,943 2,636 875 2,633 6,271 3,206 1,802 1,950 1,480 1,726 3,033 1,148 10,692 13,913 8,189
Miscellaneous equipment 42,311 62,927 48,618 36,302 41,749 75,955 54,155 39,488 56,086 75,538 69,672 47,495 49,375 190,158 211,347 248,792
Office machinery and data processing 3,334 8,882 6,594 3,000 3,949 8,211 4,868 2,830 4,162 8,534 3,777 2,523 3,817 21,810 19,858 18,996
Furniture and fixture 7,251 7,654 5,132 5,338 7,024 11,799 7,359 6,487 9,182 12,492 7,947 6,459 5,698 25,374 32,670 36,080
Professional machinery and equipment 19,565 36,877 28,588 20,052 19,602 44,333 31,600 19,948 26,035 41,256 45,452 25,556 25,478 105,082 115,482 138,298
Other miscellaneous durable equipment 12,161 9,515 8,304 7,912 11,174 11,612 10,329 10,223 16,708 13,256 12,497 12,957 14,382 37,892 43,338 55,418

Gross Domestic Capital Formation in Durable

Equipment 326,466 321,610 346,841 393,161 333,330 398,562 407,681 387,447 351,791 338,495 368,178 362,263 324,860 1,388,079 1,527,020 1,420,727
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 25
Unit: In Percent
As of May 2020

Table 6.3 Gross Domestic Capital Formation in Durable Equipment, by Major Type of Equipment
Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Major type of equipment Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Machinery specialized for particular industries 14.8 30.3 5.7 8.3 -1.8 -13.1 -15.2 -20.7 -19.4 14.4 -12.8
Agricultural machinery 12.7 31.9 -11.9 5.3 -7.2 -8.2 -6.0 -39.8 -31.3 7.4 -15.7
Mining and construction machinery 15.8 55.4 32.6 21.1 11.5 -27.0 -46.7 -42.0 -35.8 30.9 -29.0
Textile machinery -25.0 26.5 12.5 41.5 22.9 -19.7 -5.0 -19.7 -36.7 11.8 -8.0
Pulp and paper machinery 26.3 21.2 -1.5 -39.5 -13.8 68.9 19.3 107.5 177.7 -4.5 41.3
Metal working machinery 15.3 19.4 10.9 14.4 -14.4 1.7 -0.7 -20.2 -18.7 14.9 -8.7
Telecommunication and sound equipment 28.5 43.4 3.6 1.2 -7.2 -12.8 2.0 -12.6 -10.0 18.5 -8.5
Food processing machinery 91.8 12.5 7.6 20.9 -12.9 96.8 101.2 3.6 5.3 27.7 43.2
Other special industrial machinery -18.2 -10.3 -15.7 9.9 8.6 -16.8 -22.9 -12.4 -34.5 -9.3 -11.5
General industrial machinery and equipment 14.1 6.2 -1.3 10.8 6.4 1.2 14.8 -9.7 -20.6 7.5 2.9
Air conditioning and refrigeration equipment 12.2 14.6 31.4 9.1 4.5 5.4 1.0 7.8 6.5 16.4 4.6
Pumps and compressor 32.7 30.7 0.4 -7.7 24.3 -12.0 6.2 6.4 -47.7 12.8 6.0
Power generating machinery 9.3 3.8 -27.5 24.5 12.4 28.6 67.8 -15.5 -34.7 1.0 19.4
Other general industrial machinery 13.5 -0.6 9.7 7.1 0.0 -12.7 -8.0 -16.5 -13.1 7.5 -8.6
Transport equipment -3.6 16.9 26.3 -2.4 12.6 -19.2 -24.0 -10.0 -13.3 9.0 -12.0
Road transport -1.0 15.1 11.9 -8.7 8.7 -12.7 -17.3 -5.9 -11.6 3.6 -7.7
Railway transport -71.9 -60.3 -56.4 603.3 -17.4 44.8 -43.8 306.4 * -42.9 132.4
Air transport -32.0 24.3 294.2 36.9 100.8 -48.7 -57.4 -33.5 -31.0 58.0 -35.9
Water transport -17.6 48.2 30.9 116.7 -19.0 -77.4 -46.0 51.1 -50.3 29.5 -39.2
Miscellaneous equipment -0.9 11.4 12.2 9.5 29.7 4.8 40.9 16.0 -12.4 7.9 22.7
Office machinery and data processing 2.3 -30.7 -32.9 -6.7 -6.0 21.4 -6.9 -8.1 -16.3 -19.7 -0.7
Furniture and fixture -4.7 32.3 35.1 14.2 57.5 26.0 26.9 6.5 -18.6 17.0 27.9
Professional machinery and equipment 1.9 14.6 15.8 3.4 18.0 -7.4 61.0 22.1 -5.4 8.8 23.5
Other miscellaneous durable equipment -5.3 18.5 29.8 38.0 52.3 17.1 18.4 19.1 -19.3 17.2 27.4

Gross Domestic Capital Formation in Durable

Equipment 3.3 16.5 16.5 2.8 11.0 -11.4 -8.9 -8.3 -15.6 9.5 -4.9
Note: * means more than 1000%
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 26
Unit: In Percent
As of May 2020

Table 6.4 Gross Domestic Capital Formation in Durable Equipment, by Major Type of Equipment
Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Major type of equipment Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Machinery specialized for particular industries 10.7 43.2 12.2 4.7 -8.5 -17.0 -11.2 -19.0 -17.8 13.5 -13.9
Agricultural machinery 16.3 44.2 -4.9 1.9 -13.4 -9.0 1.9 -36.8 -30.4 6.3 -18.0
Mining and construction machinery 12.6 64.5 49.2 19.7 1.7 -27.0 -43.1 -39.3 -34.9 29.5 -31.0
Textile machinery -25.0 27.5 15.4 33.0 5.8 -22.2 -3.2 -18.4 -35.4 9.8 -9.9
Pulp and paper machinery 25.2 32.0 28.5 -40.2 -35.4 47.4 24.4 119.0 179.2 -5.7 37.6
Metal working machinery 10.4 24.6 19.3 10.0 -24.4 -1.4 6.3 -16.5 -17.6 13.6 -11.2
Telecommunication and sound equipment 23.9 54.3 9.6 -4.2 -8.9 -17.8 2.8 -8.4 -6.6 18.2 -8.2
Food processing machinery 79.8 15.4 9.5 14.8 -18.2 90.3 127.4 14.3 6.8 26.2 39.2
Other special industrial machinery -20.2 -0.1 -16.6 -0.7 -8.5 -20.2 -20.6 -9.1 -33.3 -10.6 -13.6
General industrial machinery and equipment 11.6 12.7 -2.6 3.4 3.7 -4.1 13.3 -7.7 -19.2 5.8 1.5
Air conditioning and refrigeration equipment 9.3 19.4 30.9 0.3 -0.6 0.8 0.5 11.6 8.4 14.5 3.1
Pumps and compressor 30.8 39.1 3.4 -12.7 19.7 -15.6 3.6 8.8 -46.9 11.8 4.2
Power generating machinery 9.6 12.9 -27.7 18.6 12.4 19.5 62.3 -16.1 -33.6 0.0 17.3
Other general industrial machinery 9.6 5.0 5.9 -1.2 -3.1 -16.1 -7.7 -13.1 -11.1 5.0 -9.5
Transport equipment -3.6 24.7 29.3 -6.9 4.7 -22.5 -25.6 -6.1 2.2 9.9 -13.7
Road transport -0.7 22.2 14.6 -13.5 1.6 -16.0 -19.0 -1.3 5.1 4.6 -9.4
Railway transport -70.2 -58.4 -53.1 644.7 -16.4 47.5 -43.6 306.5 * -42.9 123.3
Air transport -34.4 36.0 320.7 37.5 76.8 -51.6 -58.6 -33.0 -30.0 58.2 -38.3
Water transport -18.7 59.0 21.6 106.0 -26.0 -76.4 -46.2 68.3 -41.1 30.1 -41.1
Miscellaneous equipment -1.3 20.7 11.4 8.8 34.3 -0.5 28.7 20.3 -12.0 11.1 17.7
Office machinery and data processing 18.4 -7.6 -26.2 -5.6 5.4 3.9 -22.4 -10.8 -8.3 -8.9 -4.3
Furniture and fixture -3.1 54.2 43.4 21.5 30.7 5.9 8.0 -0.4 -37.9 28.8 10.4
Professional machinery and equipment 0.2 20.2 10.5 -0.5 32.8 -6.9 43.8 28.1 -2.1 9.9 19.8
Other miscellaneous durable equipment -8.1 22.0 24.4 29.2 49.5 14.2 21.0 26.7 -13.9 14.4 27.9

Gross Domestic Capital Formation in Durable

Equipment 2.1 23.9 17.5 -1.5 5.5 -15.1 -9.7 -6.5 -7.7 10.0 -7.0
Note: * means more than 1000%
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 27
As of May 2020

Table 6.5 Gross Domestic Capital Formation in Durable Equipment, by Major Type of Equipment
Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Major type of equipment Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Machinery specialized for particular industries 96.0 170.8 89.3 80.6 99.6 155.4 84.2 83.4 106.8 162.6 80.3 81.6 104.7 99.2 100.0 101.3
Agricultural machinery 97.6 310.6 99.1 66.4 94.5 284.1 91.8 68.5 101.4 286.7 84.7 65.2 100.0 98.9 100.0 102.9
Mining and construction machinery 91.7 294.0 99.3 66.8 94.3 277.7 88.2 67.5 103.3 277.8 82.6 64.5 101.9 98.9 100.0 102.9
Textile machinery 90.5 179.2 94.7 73.8 90.6 177.7 92.3 78.5 105.2 183.4 90.6 77.3 103.1 98.2 100.0 102.2
Pulp and paper machinery 93.9 249.0 114.5 71.7 94.7 228.6 87.8 72.5 126.3 262.0 84.2 68.7 125.7 98.7 100.0 102.7
Metal working machinery 90.5 278.8 98.7 66.9 94.6 267.1 91.8 69.5 107.1 275.6 85.7 66.5 105.7 98.9 100.0 102.8
Telecommunication and sound equipment 103.1 114.2 79.6 105.6 106.9 106.1 75.2 111.5 108.8 112.5 74.6 106.4 104.8 99.8 100.0 99.7
Food processing machinery 89.0 272.9 95.7 66.5 94.9 266.1 94.0 70.0 101.0 275.2 83.2 63.4 99.6 98.9 100.0 102.8
Other special industrial machinery 89.1 217.2 89.4 68.7 91.3 195.2 90.4 76.0 108.3 203.6 87.8 73.2 106.4 98.6 100.0 102.4
General industrial machinery and equipment 102.3 116.2 86.0 93.3 104.5 109.6 87.1 99.9 107.3 115.7 88.2 97.8 105.4 98.4 100.0 101.4
Air conditioning and refrigeration equipment 102.0 116.7 86.8 92.4 104.7 112.1 87.2 100.5 110.0 117.2 87.6 97.1 108.0 98.4 100.0 101.5
Pumps and compressor 103.4 121.0 85.8 94.4 104.9 113.7 83.4 99.9 108.9 118.5 85.5 97.7 107.3 99.0 100.0 101.8
Power generating machinery 104.8 121.3 86.2 94.7 104.5 111.5 86.4 99.3 104.5 120.0 89.3 100.0 102.9 99.0 100.0 101.8
Other general industrial machinery 100.9 112.3 85.5 92.5 104.4 106.4 88.6 100.3 107.7 110.7 88.3 96.3 105.3 97.7 100.0 101.0
Transport equipment 97.2 92.2 112.2 101.9 97.1 86.5 109.6 106.8 104.4 90.1 111.9 102.3 88.6 100.8 100.0 102.0
Road transport 97.3 92.5 112.2 101.2 96.9 87.1 109.6 106.8 103.7 90.5 111.9 101.8 87.3 100.9 100.0 101.8
Railway transport 101.5 77.8 112.4 114.9 95.9 74.2 104.6 108.5 94.8 72.8 104.2 108.4 93.9 100.1 100.0 104.0
Air transport 93.9 89.4 117.5 106.6 97.4 81.7 110.1 106.2 110.7 86.5 113.2 105.3 109.1 100.1 100.0 104.0
Water transport 103.7 97.6 98.6 107.7 105.1 90.9 106.1 113.2 115.0 87.2 106.5 101.7 97.1 100.5 100.0 103.2
Miscellaneous equipment 119.1 75.0 97.0 140.6 119.7 69.2 97.7 141.5 115.5 72.9 107.0 136.5 115.0 103.0 100.0 104.2
Office machinery and data processing 141.6 71.7 121.4 187.8 122.3 53.7 110.2 185.6 109.1 62.7 132.3 191.4 99.6 113.4 100.0 103.8
Furniture and fixture 109.4 77.6 112.9 154.8 107.5 66.6 106.3 145.5 129.5 79.2 125.0 155.6 169.9 110.0 100.0 115.8
Professional machinery and equipment 129.9 71.0 89.2 145.0 132.1 67.7 93.4 150.7 117.4 67.3 104.6 143.6 113.6 101.0 100.0 103.1
Other miscellaneous durable equipment 101.4 91.3 94.9 102.0 104.5 88.6 99.0 109.0 106.5 90.9 96.8 102.4 99.8 97.6 100.0 99.6

Gross Domestic Capital Formation in Durable

Equipment 100.7 100.6 100.8 99.7 101.9 94.6 99.9 104.1 107.2 98.7 100.7 102.1 97.9 100.4 100.0 102.2
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 28
Unit: In Percent
As of May 2020

Table 6.6 Gross Domestic Capital Formation in Durable Equipment, by Major Type of Equipment
Q1 2017 to Q1 2020
Percent Share, at Current Prices

2017 2018 2019 2020 Annual

Major type of equipment Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Machinery specialized for particular industries 17.8 17.4 16.7 16.8 19.8 19.4 15.2 17.7 17.5 19.1 14.1 15.3 16.7 17.2 17.9 16.4
Agricultural machinery 1.2 1.0 1.3 1.1 1.3 1.1 1.0 1.1 1.1 1.1 1.0 0.7 0.9 1.1 1.1 1.0
Mining and construction machinery 3.3 3.6 3.9 3.6 3.7 4.8 4.5 4.3 3.7 3.9 2.6 2.7 2.8 3.6 4.3 3.2
Textile machinery 0.3 0.3 0.3 0.2 0.2 0.3 0.2 0.3 0.3 0.3 0.3 0.3 0.2 0.3 0.3 0.3
Pulp and paper machinery 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.2 0.3 0.2 0.3 0.6 0.2 0.2 0.2
Metal working machinery 1.2 1.2 1.2 1.1 1.4 1.2 1.1 1.2 1.1 1.4 1.2 1.1 1.0 1.2 1.2 1.2
Telecommunication and sound equipment 7.8 6.9 5.9 7.5 9.7 8.5 5.3 7.4 8.1 8.4 5.9 7.1 8.6 7.1 7.6 7.3
Food processing machinery 0.2 0.4 0.4 0.3 0.5 0.4 0.3 0.4 0.4 0.8 0.7 0.4 0.4 0.3 0.4 0.6
Other special industrial machinery 3.5 4.0 3.6 2.6 2.8 3.1 2.6 2.8 2.7 2.9 2.2 2.7 2.1 3.4 2.8 2.6
General industrial machinery and equipment 18.0 17.9 16.1 14.3 19.9 16.3 13.7 15.4 19.1 18.6 17.2 15.2 17.9 16.5 16.2 17.5
Air conditioning and refrigeration equipment 2.5 2.7 2.3 2.4 2.8 2.7 2.6 2.5 2.6 3.2 2.9 3.0 3.3 2.5 2.6 2.9
Pumps and compressor 1.8 1.9 1.9 1.8 2.3 2.1 1.6 1.6 2.6 2.1 1.9 1.9 1.6 1.8 1.9 2.1
Power generating machinery 4.6 4.8 5.6 4.2 4.9 4.3 3.5 5.1 4.9 6.2 6.4 4.7 3.8 4.8 4.4 5.6
Other general industrial machinery 9.1 8.4 6.3 5.9 10.0 7.2 6.0 6.1 9.0 7.1 6.0 5.6 9.3 7.3 7.2 6.9
Transport equipment 48.8 50.2 53.6 55.9 45.6 50.3 58.2 53.1 46.2 45.9 48.5 52.0 47.5 52.3 52.1 48.2
Road transport 44.4 43.0 50.2 48.7 42.5 42.4 48.2 43.2 41.6 41.8 43.8 44.3 43.6 46.7 44.2 42.9
Railway transport 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.3 0.0 0.0 0.0
Air transport 3.3 6.0 2.7 7.0 2.2 6.4 9.1 9.3 4.0 3.7 4.3 6.8 3.3 4.8 7.0 4.7
Water transport 1.0 1.2 0.7 0.2 0.8 1.5 0.8 0.5 0.6 0.4 0.5 0.8 0.4 0.8 0.9 0.6
Miscellaneous equipment 15.3 14.6 13.5 13.0 14.7 13.9 13.0 13.9 17.2 16.5 20.1 17.5 17.8 14.0 13.8 17.9
Office machinery and data processing 1.4 2.0 2.3 1.4 1.4 1.2 1.3 1.3 1.2 1.6 1.3 1.3 1.2 1.8 1.3 1.4
Furniture and fixture 2.4 1.8 1.7 2.1 2.2 2.1 1.9 2.3 3.2 3.0 2.7 2.7 3.0 2.0 2.1 2.9
Professional machinery and equipment 7.7 8.1 7.3 7.4 7.6 8.0 7.2 7.5 8.1 8.3 12.8 9.9 9.1 7.6 7.6 9.8
Other miscellaneous durable equipment 3.8 2.7 2.3 2.1 3.4 2.7 2.5 2.8 4.7 3.6 3.3 3.6 4.5 2.7 2.8 3.8

Gross Domestic Capital Formation in Durable

Equipment 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 29
Unit: In Percent
As of May 2020

Table 6.7 Gross Domestic Capital Formation in Durable Equipment, by Major Type of Equipment
Q1 2017 to Q1 2020
Percent Share, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Major type of equipment Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Machinery specialized for particular industries 18.7 10.2 18.9 20.7 20.3 11.8 18.0 22.0 17.6 11.6 17.7 19.1 15.7 17.4 17.9 16.6
Agricultural machinery 1.2 0.3 1.3 1.6 1.4 0.4 1.1 1.7 1.2 0.4 1.2 1.1 0.9 1.2 1.1 1.0
Mining and construction machinery 3.6 1.2 4.0 5.4 4.0 1.6 5.1 6.6 3.9 1.4 3.2 4.3 2.7 3.7 4.3 3.2
Textile machinery 0.4 0.2 0.3 0.3 0.3 0.2 0.3 0.4 0.3 0.1 0.3 0.3 0.2 0.3 0.3 0.3
Pulp and paper machinery 0.2 0.1 0.2 0.3 0.2 0.1 0.2 0.2 0.1 0.1 0.2 0.5 0.4 0.2 0.2 0.2
Metal working machinery 1.4 0.4 1.2 1.6 1.5 0.4 1.2 1.8 1.1 0.5 1.4 1.6 1.0 1.2 1.2 1.2
Telecommunication and sound equipment 7.6 6.1 7.5 7.1 9.2 7.6 7.0 6.9 8.0 7.4 8.0 6.8 8.1 7.1 7.6 7.5
Food processing machinery 0.3 0.1 0.4 0.5 0.5 0.1 0.3 0.6 0.4 0.3 0.9 0.7 0.4 0.3 0.4 0.6
Other special industrial machinery 4.0 1.8 4.1 3.8 3.1 1.5 2.9 3.8 2.7 1.4 2.5 3.7 1.9 3.5 2.8 2.6
General industrial machinery and equipment 17.7 15.5 18.9 15.3 19.4 14.1 15.7 16.0 19.0 15.9 19.7 15.8 16.7 16.8 16.2 17.6
Air conditioning and refrigeration equipment 2.5 2.3 2.7 2.6 2.7 2.2 3.0 2.6 2.5 2.7 3.3 3.1 3.0 2.5 2.6 2.9
Pumps and compressor 1.7 1.6 2.2 1.9 2.2 1.8 2.0 1.7 2.5 1.8 2.2 1.9 1.4 1.9 1.9 2.1
Power generating machinery 4.4 4.0 6.6 4.5 4.8 3.6 4.0 5.4 5.1 5.1 7.3 4.8 3.6 4.9 4.4 5.6
Other general industrial machinery 9.1 7.6 7.5 6.3 9.7 6.4 6.7 6.3 8.9 6.3 6.9 5.9 8.6 7.5 7.2 7.0
Transport equipment 50.6 54.7 48.2 54.7 47.8 55.0 53.0 51.7 47.4 50.2 43.7 52.0 52.5 52.1 52.1 48.3
Road transport 45.9 46.7 45.1 48.0 44.7 46.1 44.0 42.1 43.0 45.6 39.4 44.4 48.9 46.5 44.2 43.1
Railway transport 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.3 0.0 0.0 0.0
Air transport 3.6 6.7 2.3 6.6 2.3 7.4 8.2 9.2 3.8 4.2 3.8 6.6 2.9 4.8 7.0 4.6
Water transport 1.0 1.2 0.8 0.2 0.8 1.6 0.8 0.5 0.6 0.4 0.5 0.8 0.4 0.8 0.9 0.6
Miscellaneous equipment 13.0 19.6 14.0 9.2 12.5 19.1 13.3 10.2 15.9 22.3 18.9 13.1 15.2 13.7 13.8 17.5
Office machinery and data processing 1.0 2.8 1.9 0.8 1.2 2.1 1.2 0.7 1.2 2.5 1.0 0.7 1.2 1.6 1.3 1.3
Furniture and fixture 2.2 2.4 1.5 1.4 2.1 3.0 1.8 1.7 2.6 3.7 2.2 1.8 1.8 1.8 2.1 2.5
Professional machinery and equipment 6.0 11.5 8.2 5.1 5.9 11.1 7.8 5.1 7.4 12.2 12.3 7.1 7.8 7.6 7.6 9.7
Other miscellaneous durable equipment 3.7 3.0 2.4 2.0 3.4 2.9 2.5 2.6 4.7 3.9 3.4 3.6 4.4 2.7 2.8 3.9

Gross Domestic Capital Formation in Durable

Equipment 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 30
Unit: In million Philippine pesos
As of May 2020

Table 7.1.1 Exports of Goods

Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Items Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Electronic Products 303,773 307,623 415,790 442,360 322,582 387,026 508,011 506,816 331,239 394,146 453,049 499,294 329,778 1,469,546 1,724,435 1,677,728
Components/devices (semiconductors) 185,323 217,490 312,112 319,166 193,861 266,871 389,641 367,154 202,521 261,204 329,247 366,881 202,845 1,034,091 1,217,527 1,159,854
Electronic data processing 50,109 47,504 56,249 34,636 53,136 56,601 64,831 39,845 54,196 57,511 61,282 37,685 45,396 188,498 214,412 210,674
Office equipment 19,671 10,865 9,285 14,709 23,833 20,700 8,557 18,553 23,285 30,155 12,990 18,503 27,988 54,530 71,643 84,932
Consumer electronics 2,722 5,338 4,067 9,569 3,616 13,564 9,848 19,019 5,222 14,612 9,316 24,136 8,821 21,695 46,047 53,286
Telecommunication 10,190 6,012 9,385 5,680 12,124 5,499 7,359 3,928 10,890 6,513 9,916 5,077 7,582 31,267 28,911 32,396
Communication/radar 5,227 4,882 10,817 15,372 4,562 6,429 11,984 13,506 6,627 9,266 15,694 14,533 4,366 36,299 36,482 46,121
Control instrumentation 27,556 14,074 11,975 41,257 27,983 15,745 12,526 42,474 25,494 12,946 11,558 29,185 28,120 94,862 98,728 79,183
Medical/industrial instrumentation 1,162 374 975 1,178 1,049 569 1,104 880 983 309 813 1,303 1,058 3,688 3,602 3,408
Automotive electronics 1,812 1,083 927 794 2,418 1,048 2,161 1,456 2,021 1,629 2,231 1,992 3,602 4,616 7,083 7,873
Agricultural products 58,119 46,655 62,937 51,601 53,639 45,850 62,097 61,984 58,656 52,634 69,258 65,430 65,342 219,312 223,570 245,977
Bananas (fresh) 10,851 8,717 11,947 11,516 14,677 9,082 23,378 23,724 27,131 12,910 29,584 27,533 27,696 43,032 70,860 97,159
Coconut oil 23,804 14,172 21,544 15,894 14,512 14,285 12,098 13,979 10,374 14,685 11,028 10,206 10,978 75,414 54,873 46,292
Copra oil cake or meal 815 526 935 843 900 604 676 1,208 770 428 1,026 799 664 3,119 3,388 3,023
Dessicated coconut 3,830 2,675 5,433 4,771 4,668 2,726 5,578 4,352 3,301 1,946 3,594 3,692 3,146 16,709 17,324 12,534
Mangoes 1,048 1,106 878 1,961 1,182 1,206 1,488 3,035 1,096 1,229 1,742 2,590 889 4,992 6,912 6,657
Pineapple and pineapple products 7,215 7,320 9,709 4,182 5,730 5,626 6,760 4,445 3,824 7,961 10,192 8,359 9,033 28,426 22,561 30,336
Sugar 954 2,550 3,261 2,455 628 700 228 6 585 1,919 6 10 691 9,220 1,562 2,520
Other agricultural products 9,602 9,590 9,229 9,980 11,342 11,621 11,891 11,234 11,575 11,555 12,086 12,240 12,244 38,401 46,089 47,456
Fishery products 12,888 7,609 12,928 11,663 13,228 8,248 11,015 8,923 11,698 6,571 9,204 7,440 10,422 45,089 41,413 34,913
Shrimps and prawns 8,236 1,459 5,599 5,118 7,085 1,110 4,297 3,923 5,964 1,109 4,281 2,104 3,521 20,413 16,414 13,457
Tuna 4,652 6,150 7,329 6,545 6,143 7,138 6,717 5,000 5,735 5,463 4,923 5,336 6,901 24,676 24,999 21,456
Articles of apparel and clothing accessories 21,296 8,369 11,528 8,456 10,758 10,605 13,421 13,228 10,204 9,619 12,296 11,101 7,382 49,649 48,012 43,221
Cathodes and sections of cathodes, of refined copper 14,010 7,350 - 16,920 20,871 7,053 22,555 7,676 27,747 7,090 15,820 12,373 26,342 38,280 58,156 63,031
Ignition wiring sets 24,384 24,214 26,336 25,488 24,315 22,509 26,910 33,062 27,858 28,670 28,156 30,118 24,662 100,421 106,796 114,803
Metal components 16,828 15,978 20,276 28,289 22,841 21,937 23,776 34,410 18,175 20,791 20,655 29,092 13,967 81,370 102,965 88,713
Petroleum products 2,944 4,745 4,837 6,723 3,915 6,692 8,611 6,145 3,088 528 3,075 4,655 3,454 19,249 25,363 11,345
Machinery and transport equipment 50,700 47,301 51,370 33,926 46,304 45,569 41,273 39,506 40,165 33,490 36,983 28,916 31,160 183,297 172,651 139,554
Chemicals 26,467 20,720 17,865 15,380 19,079 18,445 18,179 16,556 17,754 17,930 14,626 15,431 10,403 80,432 72,260 65,741
Woodcrafts and furniture 9,542 32,882 13,988 5,848 5,367 5,137 4,870 5,147 4,617 4,242 4,502 4,552 4,341 62,259 20,521 17,913
Processed food and beverages 10,105 11,030 11,357 9,842 10,001 9,929 12,163 11,695 9,881 10,425 9,208 10,863 7,702 42,334 43,788 40,377
Other exports of goods 100,669 71,611 114,925 80,243 122,982 82,251 137,050 99,685 119,095 76,512 120,028 82,476 106,828 367,449 441,969 398,111

Exports of Goods
651,724 606,088 764,136 736,738 675,882 671,251 889,931 844,833 680,176 662,649 796,859 801,742 641,784 2,758,686 3,081,897 2,941,426
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 31
Unit: In million Philippine pesos
As of May 2020

Table 7.1.2 Exports of Goods

Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Items Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Electronic Products 285,371 350,099 456,852 382,045 308,727 423,052 549,288 443,367 327,363 444,829 538,367 451,495 346,060 1,474,367 1,724,435 1,762,054
Components/devices (semiconductors) 208,057 253,073 319,636 260,060 222,942 294,363 393,770 306,452 239,758 301,685 370,213 322,002 253,007 1,040,826 1,217,527 1,233,658
Electronic data processing 34,315 46,453 74,029 30,265 36,547 55,788 86,862 35,214 38,036 59,487 87,067 35,660 35,327 185,062 214,412 220,249
Office equipment 15,406 11,894 13,903 14,825 18,659 22,354 12,432 18,198 18,607 31,666 18,869 18,147 24,902 56,029 71,643 87,289
Consumer electronics 1,962 5,446 5,382 8,450 2,603 13,781 12,956 16,707 3,839 14,938 12,306 21,321 6,712 21,240 46,047 52,403
Telecommunication 7,966 6,724 13,782 5,655 9,756 6,285 8,955 3,915 8,773 7,466 12,105 5,090 6,310 34,127 28,911 33,434
Communication/radar 3,465 4,655 13,757 13,115 3,112 6,274 15,527 11,568 4,533 9,061 20,359 12,484 3,085 34,992 36,482 46,437
Control instrumentation 12,277 20,147 13,870 47,643 12,736 22,241 14,460 49,291 11,768 18,389 13,384 33,932 13,363 93,937 98,728 77,473
Medical/industrial instrumentation 608 625 1,246 1,300 562 920 1,431 689 539 503 1,052 1,023 587 3,779 3,602 3,116
Automotive electronics 1,315 1,081 1,248 731 1,809 1,047 2,895 1,333 1,509 1,634 3,013 1,837 2,765 4,375 7,083 7,993
Agricultural products 54,947 40,063 55,566 51,055 47,942 39,983 58,398 77,246 57,362 49,754 65,193 73,486 59,073 201,630 223,570 245,795
Bananas (fresh) 10,014 6,927 9,822 16,557 13,271 6,921 18,374 32,294 22,636 8,359 19,449 31,379 21,563 43,319 70,860 81,824
Coconut oil 23,550 7,289 17,071 13,253 13,177 9,739 13,941 18,017 14,436 13,240 16,073 13,922 13,049 61,163 54,873 57,671
Copra oil cake or meal 317 563 667 670 326 866 707 1,489 428 810 1,349 1,037 315 2,217 3,388 3,624
Dessicated coconut 1,891 2,555 3,559 4,524 2,152 3,486 5,334 6,352 2,318 3,274 4,332 5,698 2,258 12,530 17,324 15,622
Mangoes 640 1,280 726 1,707 799 1,550 1,412 3,151 898 1,898 1,579 2,270 781 4,354 6,912 6,646
Pineapple and pineapple products 8,212 7,169 10,706 3,723 6,432 5,409 6,816 3,904 3,712 7,534 9,598 6,318 6,828 29,809 22,561 27,162
Sugar 672 2,149 2,558 1,739 629 712 215 6 569 1,902 5 10 680 7,118 1,562 2,486
Other agricultural products 9,651 12,132 10,456 8,882 11,157 11,300 11,598 12,033 12,364 12,736 12,807 12,852 13,598 41,120 46,089 50,760
Fishery products 8,904 7,982 12,921 13,163 11,437 8,358 10,882 10,736 10,708 5,645 8,311 7,937 9,206 42,971 41,413 32,601
Shrimps and prawns 6,960 1,363 6,282 5,366 5,807 991 5,105 4,511 4,965 878 4,301 2,029 2,544 19,971 16,414 12,173
Tuna 1,944 6,619 6,639 7,797 5,630 7,367 5,777 6,224 5,743 4,767 4,011 5,908 6,662 23,000 24,999 20,428
Articles of apparel and clothing accessories 19,733 8,356 11,563 8,476 10,289 10,882 13,676 13,164 9,958 10,249 13,806 12,695 7,408 48,128 48,012 46,708
Cathodes and sections of cathodes, of refined copper 24,641 6,642 - 5,433 29,738 5,015 20,187 3,217 43,533 5,718 15,405 5,632 44,729 36,716 58,156 70,288
Ignition wiring sets 17,994 21,639 25,565 36,346 16,927 18,947 24,658 46,263 19,456 24,632 26,249 43,086 17,553 101,543 106,796 113,423
Metal components 13,520 13,899 17,986 41,245 17,504 18,134 19,621 47,705 14,511 18,505 18,481 44,272 12,407 86,650 102,965 95,769
Petroleum products 5,128 6,587 4,487 7,141 6,194 6,785 5,322 7,062 5,031 580 2,387 6,082 6,504 23,343 25,363 14,079
Machinery and transport equipment 47,201 55,632 49,796 41,338 45,617 46,782 39,460 40,793 39,693 41,973 38,619 34,841 31,641 193,966 172,651 155,126
Chemicals 23,953 23,215 21,852 20,729 18,937 17,932 17,511 17,880 18,501 19,070 19,096 19,037 11,696 89,749 72,260 75,705
Woodcrafts and furniture 24,125 18,240 13,716 9,869 7,150 5,261 4,191 3,919 4,529 4,982 5,240 5,275 4,488 65,950 20,521 20,027
Processed food and beverages 10,568 10,947 11,396 11,228 10,982 10,853 10,812 11,141 11,192 11,551 11,384 11,195 8,976 44,140 43,788 45,322
Other exports of goods 80,531 108,814 82,159 44,871 134,585 141,759 107,901 57,724 141,156 138,104 102,577 52,914 130,756 316,374 441,969 434,751

Exports of Goods
616,616 672,115 763,858 672,938 666,030 753,743 881,908 780,216 702,993 775,592 865,116 767,947 690,498 2,725,527 3,081,897 3,111,648
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 32
Unit: In Percent
As of May 2020

Table 7.1.3 Exports of Goods

Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Items Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Electronic Products 6.2 25.8 22.2 14.6 2.7 1.8 -10.8 -1.5 -0.4 17.3 -2.7
Components/devices (semiconductors) 4.6 22.7 24.8 15.0 4.5 -2.1 -15.5 -0.1 0.2 17.7 -4.7
Electronic data processing 6.0 19.2 15.3 15.0 2.0 1.6 -5.5 -5.4 -16.2 13.7 -1.7
Office equipment 21.2 90.5 -7.8 26.1 -2.3 45.7 51.8 -0.3 20.2 31.4 18.6
Consumer electronics 32.9 154.1 142.2 98.8 44.4 7.7 -5.4 26.9 68.9 112.2 15.7
Telecommunication 19.0 -8.5 -21.6 -30.8 -10.2 18.4 34.8 29.2 -30.4 -7.5 12.1
Communication/radar -12.7 31.7 10.8 -12.1 45.3 44.1 31.0 7.6 -34.1 0.5 26.4
Control instrumentation 1.5 11.9 4.6 2.9 -8.9 -17.8 -7.7 -31.3 10.3 4.1 -19.8
Medical/industrial instrumentation -9.7 52.1 13.3 -25.3 -6.3 -45.7 -26.4 48.0 7.6 -2.3 -5.4
Automotive electronics 33.4 -3.2 133.2 83.4 -16.4 55.5 3.3 36.8 78.2 53.5 11.2
Agricultural products -7.7 -1.7 -1.3 20.1 9.4 14.8 11.5 5.6 11.4 1.9 10.0
Bananas (fresh) 35.3 4.2 95.7 106.0 84.9 42.2 26.5 16.1 2.1 64.7 37.1
Coconut oil -39.0 0.8 -43.8 -12.0 -28.5 2.8 -8.8 -27.0 5.8 -27.2 -15.6
Copra oil cake or meal 10.4 14.9 -27.7 43.3 -14.4 -29.1 51.6 -33.8 -13.8 8.6 -10.8
Dessicated coconut 21.9 1.9 2.7 -8.8 -29.3 -28.6 -35.6 -15.2 -4.7 3.7 -27.7
Mangoes 12.8 9.0 69.6 54.8 -7.3 1.9 17.1 -14.7 -18.9 38.4 -3.7
Pineapple and pineapple products -20.6 -23.1 -30.4 6.3 -33.3 41.5 50.8 88.1 136.2 -20.6 34.5
Sugar -34.2 -72.5 -93.0 -99.7 -6.9 174.1 -97.6 56.1 18.2 -83.1 61.3
Other agricultural products 18.1 21.2 28.8 12.6 2.0 -0.6 1.6 9.0 5.8 20.0 3.0
Fishery products 2.6 8.4 -14.8 -23.5 -11.6 -20.3 -16.4 -16.6 -10.9 -8.2 -15.7
Shrimps and prawns -14.0 -23.9 -23.3 -23.4 -15.8 -0.1 -0.4 -46.4 -41.0 -19.6 -18.0
Tuna 32.0 16.1 -8.3 -23.6 -6.6 -23.5 -26.7 6.7 20.3 1.3 -14.2
Articles of apparel and clothing accessories -49.5 26.7 16.4 56.4 -5.2 -9.3 -8.4 -16.1 -27.7 -3.3 -10.0
Cathodes and sections of cathodes, of refined copper 49.0 -4.0 - -54.6 32.9 0.5 -29.9 61.2 -5.1 51.9 8.4
Ignition wiring sets -0.3 -7.0 2.2 29.7 14.6 27.4 4.6 -8.9 -11.5 6.3 7.5
Metal components 35.7 37.3 17.3 21.6 -20.4 -5.2 -13.1 -15.5 -23.1 26.5 -13.8
Petroleum products 33.0 41.0 78.0 -8.6 -21.1 -92.1 -64.3 -24.3 11.9 31.8 -55.3
Machinery and transport equipment -8.7 -3.7 -19.7 16.4 -13.3 -26.5 -10.4 -26.8 -22.4 -5.8 -19.2
Chemicals -27.9 -11.0 1.8 7.7 -6.9 -2.8 -19.5 -6.8 -41.4 -10.2 -9.0
Woodcrafts and furniture -43.8 -84.4 -65.2 -12.0 -14.0 -17.4 -7.6 -11.5 -6.0 -67.0 -12.7
Processed food and beverages -1.0 -10.0 7.1 18.8 -1.2 5.0 -24.3 -7.1 -22.1 3.4 -7.8
Other exports of goods 22.2 14.9 19.3 24.2 -3.2 -7.0 -12.4 -17.3 -10.3 20.3 -9.9

Exports of Goods
3.7 10.8 16.5 14.7 0.6 -1.3 -10.5 -5.1 -5.6 11.7 -4.6
Note: - means zero
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 33
Unit: In Percent
As of May 2020

Table 7.1.4 Exports of Goods

Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Items Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Electronic Products 8.2 20.8 20.2 16.1 6.0 5.1 -2.0 1.8 5.7 17.0 2.2
Components/devices (semiconductors) 7.2 16.3 23.2 17.8 7.5 2.5 -6.0 5.1 5.5 17.0 1.3
Electronic data processing 6.5 20.1 17.3 16.4 4.1 6.6 0.2 1.3 -7.1 15.9 2.7
Office equipment 21.1 87.9 -10.6 22.8 -0.3 41.7 51.8 -0.3 33.8 27.9 21.8
Consumer electronics 32.7 153.0 140.7 97.7 47.5 8.4 -5.0 27.6 74.8 116.8 13.8
Telecommunication 22.5 -6.5 -35.0 -30.8 -10.1 18.8 35.2 30.0 -28.1 -15.3 15.6
Communication/radar -10.2 34.8 12.9 -11.8 45.6 44.4 31.1 7.9 -31.9 4.3 27.3
Control instrumentation 3.7 10.4 4.3 3.5 -7.6 -17.3 -7.4 -31.2 13.6 5.1 -21.5
Medical/industrial instrumentation -7.5 47.1 14.9 -47.0 -4.1 -45.3 -26.5 48.4 9.0 -4.7 -13.5
Automotive electronics 37.6 -3.2 132.0 82.2 -16.6 56.1 4.1 37.9 83.2 61.9 12.8
Agricultural products -12.7 -0.2 5.1 51.3 19.6 24.4 11.6 -4.9 3.0 10.9 9.9
Bananas (fresh) 32.5 -0.1 87.1 95.0 70.6 20.8 5.9 -2.8 -4.7 63.6 15.5
Coconut oil -44.0 33.6 -18.3 35.9 9.6 35.9 15.3 -22.7 -9.6 -10.3 5.1
Copra oil cake or meal 2.9 53.9 5.9 122.4 31.4 -6.5 90.9 -30.4 -26.4 52.9 7.0
Dessicated coconut 13.8 36.4 49.9 40.4 7.7 -6.1 -18.8 -10.3 -2.6 38.3 -9.8
Mangoes 24.7 21.1 94.5 84.5 12.4 22.4 11.8 -27.9 -13.1 58.8 -3.9
Pineapple and pineapple products -21.7 -24.5 -36.3 4.9 -42.3 39.3 40.8 61.8 83.9 -24.3 20.4
Sugar -6.4 -66.9 -91.6 -99.7 -9.6 167.2 -97.7 63.0 19.5 -78.0 59.1
Other agricultural products 15.6 -6.9 10.9 35.5 10.8 12.7 10.4 6.8 10.0 12.1 10.1
Fishery products 28.4 4.7 -15.8 -18.4 -6.4 -32.5 -23.6 -26.1 -14.0 -3.6 -21.3
Shrimps and prawns -16.6 -27.3 -18.7 -15.9 -14.5 -11.4 -15.8 -55.0 -48.8 -17.8 -25.8
Tuna 189.6 11.3 -13.0 -20.2 2.0 -35.3 -30.6 -5.1 16.0 8.7 -18.3
Articles of apparel and clothing accessories -47.9 30.2 18.3 55.3 -3.2 -5.8 1.0 -3.6 -25.6 -0.2 -2.7
Cathodes and sections of cathodes, of refined copper 20.7 -24.5 - -40.8 46.4 14.0 -23.7 75.1 2.7 58.4 20.9
Ignition wiring sets -5.9 -12.4 -3.5 27.3 14.9 30.0 6.5 -6.9 -9.8 5.2 6.2
Metal components 29.5 30.5 9.1 15.7 -17.1 2.0 -5.8 -7.2 -14.5 18.8 -7.0
Petroleum products 20.8 3.0 18.6 -1.1 -18.8 -91.5 -55.2 -13.9 29.3 8.7 -44.5
Machinery and transport equipment -3.4 -15.9 -20.8 -1.3 -13.0 -10.3 -2.1 -14.6 -20.3 -11.0 -10.2
Chemicals -20.9 -22.8 -19.9 -13.7 -2.3 6.3 9.1 6.5 -36.8 -19.5 4.8
Woodcrafts and furniture -70.4 -71.2 -69.4 -60.3 -36.7 -5.3 25.0 34.6 -0.9 -68.9 -2.4
Processed food and beverages 3.9 -0.9 -5.1 -0.8 1.9 6.4 5.3 0.5 -19.8 -0.8 3.5
Other exports of goods 67.1 30.3 31.3 28.6 4.9 -2.6 -4.9 -8.3 -7.4 39.7 -1.6

Exports of Goods
8.0 12.1 15.5 15.9 5.5 2.9 -1.9 -1.6 -1.8 13.1 1.0
Note: - means zero
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 34
As of May 2020

Table 7.1.5 Exports of Goods

Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Items Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Electronic Products 106.4 87.9 91.0 115.8 104.5 91.5 92.5 114.3 101.2 88.6 84.2 110.6 95.3 99.7 100.0 95.2
Components/devices (semiconductors) 89.1 85.9 97.6 122.7 87.0 90.7 99.0 119.8 84.5 86.6 88.9 113.9 80.2 99.4 100.0 94.0
Electronic data processing 146.0 102.3 76.0 114.4 145.4 101.5 74.6 113.1 142.5 96.7 70.4 105.7 128.5 101.9 100.0 95.7
Office equipment 127.7 91.3 66.8 99.2 127.7 92.6 68.8 102.0 125.1 95.2 68.8 102.0 112.4 97.3 100.0 97.3
Consumer electronics 138.7 98.0 75.6 113.2 138.9 98.4 76.0 113.8 136.0 97.8 75.7 113.2 131.4 102.1 100.0 101.7
Telecommunication 127.9 89.4 68.1 100.5 124.3 87.5 82.2 100.3 124.1 87.2 81.9 99.7 120.2 91.6 100.0 96.9
Communication/radar 150.9 104.9 78.6 117.2 146.6 102.5 77.2 116.8 146.2 102.3 77.1 116.4 141.5 103.7 100.0 99.3
Control instrumentation 224.5 69.9 86.3 86.6 219.7 70.8 86.6 86.2 216.6 70.4 86.4 86.0 210.4 101.0 100.0 102.2
Medical/industrial instrumentation 191.1 59.8 78.3 90.6 186.6 61.9 77.1 127.7 182.4 61.4 77.3 127.4 180.2 97.6 100.0 109.3
Automotive electronics 137.8 100.2 74.3 108.6 133.6 100.1 74.7 109.3 133.9 99.7 74.1 108.4 130.2 105.5 100.0 98.5
Agricultural products 105.8 116.5 113.3 101.1 111.9 114.7 106.3 80.2 102.3 105.8 106.2 89.0 110.6 108.8 100.0 100.1
Bananas (fresh) 108.4 125.8 121.6 69.6 110.6 131.2 127.2 73.5 119.9 154.4 152.1 87.7 128.4 99.3 100.0 118.7
Coconut oil 101.1 194.4 126.2 119.9 110.1 146.7 86.8 77.6 71.9 110.9 68.6 73.3 84.1 123.3 100.0 80.3
Copra oil cake or meal 257.3 93.4 140.2 125.9 276.0 69.8 95.7 81.1 179.8 52.9 76.0 77.1 210.4 140.7 100.0 83.4
Dessicated coconut 202.5 104.7 152.7 105.4 216.9 78.2 104.6 68.5 142.4 59.4 83.0 64.8 139.3 133.4 100.0 80.2
Mangoes 163.6 86.4 120.9 114.8 148.0 77.8 105.4 96.3 122.0 64.7 110.3 114.1 113.8 114.7 100.0 100.2
Pineapple and pineapple products 87.9 102.1 90.7 112.3 89.1 104.0 99.2 113.8 103.0 105.7 106.2 132.3 132.3 95.4 100.0 111.7
Sugar 141.9 118.7 127.5 141.2 99.8 98.3 105.8 107.0 102.8 100.9 110.8 102.5 101.7 129.5 100.0 101.3
Other agricultural products 99.5 79.1 88.3 112.4 101.7 102.8 102.5 93.4 93.6 90.7 94.4 95.2 90.0 93.4 100.0 93.5
Fishery products 144.7 95.3 100.1 88.6 115.7 98.7 101.2 83.1 109.2 116.4 110.7 93.7 113.2 104.9 100.0 107.1
Shrimps and prawns 118.3 107.0 89.1 95.4 122.0 112.0 84.2 87.0 120.1 126.3 99.5 103.7 138.4 102.2 100.0 110.6
Tuna 239.3 92.9 110.4 83.9 109.1 96.9 116.3 80.3 99.9 114.6 122.7 90.3 103.6 107.3 100.0 105.0
Articles of apparel and clothing accessories 107.9 100.2 99.7 99.8 104.6 97.5 98.1 100.5 102.5 93.9 89.1 87.4 99.6 103.2 100.0 92.5
Cathodes and sections of cathodes, of refined copper 56.9 110.7 - 311.4 70.2 140.7 111.7 238.6 63.7 124.0 102.7 219.7 58.9 104.3 100.0 89.7
Ignition wiring sets 135.5 111.9 103.0 70.1 143.6 118.8 109.1 71.5 143.2 116.4 107.3 69.9 140.5 98.9 100.0 101.2
Metal components 124.5 115.0 112.7 68.6 130.5 121.0 121.2 72.1 125.2 112.4 111.8 65.7 112.6 93.9 100.0 92.6
Petroleum products 57.4 72.0 107.8 94.2 63.2 98.6 161.8 87.0 61.4 91.1 128.8 76.5 53.1 82.5 100.0 80.6
Machinery and transport equipment 107.4 85.0 103.2 82.1 101.5 97.4 104.6 96.8 101.2 79.8 95.8 83.0 98.5 94.5 100.0 90.0
Chemicals 110.5 89.3 81.8 74.2 100.8 102.9 103.8 92.6 96.0 94.0 76.6 81.1 88.9 89.6 100.0 86.8
Woodcrafts and furniture 39.6 180.3 102.0 59.3 75.1 97.7 116.2 131.3 101.9 85.1 85.9 86.3 96.7 94.4 100.0 89.4
Processed food and beverages 95.6 100.8 99.7 87.7 91.1 91.5 112.5 105.0 88.3 90.3 80.9 97.0 85.8 95.9 100.0 89.1
Other exports of goods 125.0 65.8 139.9 178.8 91.4 58.0 127.0 172.7 84.4 55.4 117.0 155.9 81.7 116.1 100.0 91.6

Exports of Goods
105.7 90.2 100.0 109.5 101.5 89.1 100.9 108.3 96.8 85.4 92.1 104.4 92.9 101.2 100.0 94.5
Note: - means zero
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 35
Unit: In Percent
As of May 2020

Table 7.1.6 Exports of Goods

Q1 2017 to Q1 2020
Percent Share, at Current Prices

2017 2018 2019 2020 Annual

Items Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Electronic Products 46.6 50.8 54.4 60.0 47.7 57.7 57.1 60.0 48.7 59.5 56.9 62.3 51.4 53.3 56.0 57.0
Components/devices (semiconductors) 28.4 35.9 40.8 43.3 28.7 39.8 43.8 43.5 29.8 39.4 41.3 45.8 31.6 37.5 39.5 39.4
Electronic data processing 7.7 7.8 7.4 4.7 7.9 8.4 7.3 4.7 8.0 8.7 7.7 4.7 7.1 6.8 7.0 7.2
Office equipment 3.0 1.8 1.2 2.0 3.5 3.1 1.0 2.2 3.4 4.6 1.6 2.3 4.4 2.0 2.3 2.9
Consumer electronics 0.4 0.9 0.5 1.3 0.5 2.0 1.1 2.3 0.8 2.2 1.2 3.0 1.4 0.8 1.5 1.8
Telecommunication 1.6 1.0 1.2 0.8 1.8 0.8 0.8 0.5 1.6 1.0 1.2 0.6 1.2 1.1 0.9 1.1
Communication/radar 0.8 0.8 1.4 2.1 0.7 1.0 1.3 1.6 1.0 1.4 2.0 1.8 0.7 1.3 1.2 1.6
Control instrumentation 4.2 2.3 1.6 5.6 4.1 2.3 1.4 5.0 3.7 2.0 1.5 3.6 4.4 3.4 3.2 2.7
Medical/industrial instrumentation 0.2 0.1 0.1 0.2 0.2 0.1 0.1 0.1 0.1 0.0 0.1 0.2 0.2 0.1 0.1 0.1
Automotive electronics 0.3 0.2 0.1 0.1 0.4 0.2 0.2 0.2 0.3 0.2 0.3 0.2 0.6 0.2 0.2 0.3
Agricultural products 8.9 7.7 8.2 7.0 7.9 6.8 7.0 7.3 8.6 7.9 8.7 8.2 10.2 7.9 7.3 8.4
Bananas (fresh) 1.7 1.4 1.6 1.6 2.2 1.4 2.6 2.8 4.0 1.9 3.7 3.4 4.3 1.6 2.3 3.3
Coconut oil 3.7 2.3 2.8 2.2 2.1 2.1 1.4 1.7 1.5 2.2 1.4 1.3 1.7 2.7 1.8 1.6
Copra oil cake or meal 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Dessicated coconut 0.6 0.4 0.7 0.6 0.7 0.4 0.6 0.5 0.5 0.3 0.5 0.5 0.5 0.6 0.6 0.4
Mangoes 0.2 0.2 0.1 0.3 0.2 0.2 0.2 0.4 0.2 0.2 0.2 0.3 0.1 0.2 0.2 0.2
Pineapple and pineapple products 1.1 1.2 1.3 0.6 0.8 0.8 0.8 0.5 0.6 1.2 1.3 1.0 1.4 1.0 0.7 1.0
Sugar 0.1 0.4 0.4 0.3 0.1 0.1 0.0 0.0 0.1 0.3 0.0 0.0 0.1 0.3 0.1 0.1
Other agricultural products 1.5 1.6 1.2 1.4 1.7 1.7 1.3 1.3 1.7 1.7 1.5 1.5 1.9 1.4 1.5 1.6
Fishery products 2.0 1.3 1.7 1.6 2.0 1.2 1.2 1.1 1.7 1.0 1.2 0.9 1.6 1.6 1.3 1.2
Shrimps and prawns 1.3 0.2 0.7 0.7 1.0 0.2 0.5 0.5 0.9 0.2 0.5 0.3 0.5 0.7 0.5 0.5
Tuna 0.7 1.0 1.0 0.9 0.9 1.1 0.8 0.6 0.8 0.8 0.6 0.7 1.1 0.9 0.8 0.7
Articles of apparel and clothing accessories 3.3 1.4 1.5 1.1 1.6 1.6 1.5 1.6 1.5 1.5 1.5 1.4 1.2 1.8 1.6 1.5
Cathodes and sections of cathodes, of refined copper 2.1 1.2 0.0 2.3 3.1 1.1 2.5 0.9 4.1 1.1 2.0 1.5 4.1 1.4 1.9 2.1
Ignition wiring sets 3.7 4.0 3.4 3.5 3.6 3.4 3.0 3.9 4.1 4.3 3.5 3.8 3.8 3.6 3.5 3.9
Metal components 2.6 2.6 2.7 3.8 3.4 3.3 2.7 4.1 2.7 3.1 2.6 3.6 2.2 2.9 3.3 3.0
Petroleum products 0.5 0.8 0.6 0.9 0.6 1.0 1.0 0.7 0.5 0.1 0.4 0.6 0.5 0.7 0.8 0.4
Machinery and transport equipment 7.8 7.8 6.7 4.6 6.9 6.8 4.6 4.7 5.9 5.1 4.6 3.6 4.9 6.6 5.6 4.7
Chemicals 4.1 3.4 2.3 2.1 2.8 2.7 2.0 2.0 2.6 2.7 1.8 1.9 1.6 2.9 2.3 2.2
Woodcrafts and furniture 1.5 5.4 1.8 0.8 0.8 0.8 0.5 0.6 0.7 0.6 0.6 0.6 0.7 2.3 0.7 0.6
Processed food and beverages 1.6 1.8 1.5 1.3 1.5 1.5 1.4 1.4 1.5 1.6 1.2 1.4 1.2 1.5 1.4 1.4
Other exports of goods 15.4 11.8 15.0 10.9 18.2 12.3 15.4 11.8 17.5 11.5 15.1 10.3 16.6 13.3 14.3 13.5

Exports of Goods
100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 36
Unit: In Percent
As of May 2020

Table 7.1.7 Exports of Goods

Q1 2017 to Q1 2020
Percent Share, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Items Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Electronic Products 46.3 52.1 59.8 56.8 46.4 56.1 62.3 56.8 46.6 57.4 62.2 58.8 50.1 54.1 56.0 56.6
Components/devices (semiconductors) 33.7 37.7 41.8 38.6 33.5 39.1 44.6 39.3 34.1 38.9 42.8 41.9 36.6 38.2 39.5 39.6
Electronic data processing 5.6 6.9 9.7 4.5 5.5 7.4 9.8 4.5 5.4 7.7 10.1 4.6 5.1 6.8 7.0 7.1
Office equipment 2.5 1.8 1.8 2.2 2.8 3.0 1.4 2.3 2.6 4.1 2.2 2.4 3.6 2.1 2.3 2.8
Consumer electronics 0.3 0.8 0.7 1.3 0.4 1.8 1.5 2.1 0.5 1.9 1.4 2.8 1.0 0.8 1.5 1.7
Telecommunication 1.3 1.0 1.8 0.8 1.5 0.8 1.0 0.5 1.2 1.0 1.4 0.7 0.9 1.3 0.9 1.1
Communication/radar 0.6 0.7 1.8 1.9 0.5 0.8 1.8 1.5 0.6 1.2 2.4 1.6 0.4 1.3 1.2 1.5
Control instrumentation 2.0 3.0 1.8 7.1 1.9 3.0 1.6 6.3 1.7 2.4 1.5 4.4 1.9 3.4 3.2 2.5
Medical/industrial instrumentation 0.1 0.1 0.2 0.2 0.1 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Automotive electronics 0.2 0.2 0.2 0.1 0.3 0.1 0.3 0.2 0.2 0.2 0.3 0.2 0.4 0.2 0.2 0.3
Agricultural products 8.9 6.0 7.3 7.6 7.2 5.3 6.6 9.9 8.2 6.4 7.5 9.6 8.6 7.4 7.3 7.9
Bananas (fresh) 1.6 1.0 1.3 2.5 2.0 0.9 2.1 4.1 3.2 1.1 2.2 4.1 3.1 1.6 2.3 2.6
Coconut oil 3.8 1.1 2.2 2.0 2.0 1.3 1.6 2.3 2.1 1.7 1.9 1.8 1.9 2.2 1.8 1.9
Copra oil cake or meal 0.1 0.1 0.1 0.1 0.0 0.1 0.1 0.2 0.1 0.1 0.2 0.1 0.0 0.1 0.1 0.1
Dessicated coconut 0.3 0.4 0.5 0.7 0.3 0.5 0.6 0.8 0.3 0.4 0.5 0.7 0.3 0.5 0.6 0.5
Mangoes 0.1 0.2 0.1 0.3 0.1 0.2 0.2 0.4 0.1 0.2 0.2 0.3 0.1 0.2 0.2 0.2
Pineapple and pineapple products 1.3 1.1 1.4 0.6 1.0 0.7 0.8 0.5 0.5 1.0 1.1 0.8 1.0 1.1 0.7 0.9
Sugar 0.1 0.3 0.3 0.3 0.1 0.1 0.0 0.0 0.1 0.2 0.0 0.0 0.1 0.3 0.1 0.1
Other agricultural products 1.6 1.8 1.4 1.3 1.7 1.5 1.3 1.5 1.8 1.6 1.5 1.7 2.0 1.5 1.5 1.6
Fishery products 1.4 1.2 1.7 2.0 1.7 1.1 1.2 1.4 1.5 0.7 1.0 1.0 1.3 1.6 1.3 1.0
Shrimps and prawns 1.1 0.2 0.8 0.8 0.9 0.1 0.6 0.6 0.7 0.1 0.5 0.3 0.4 0.7 0.5 0.4
Tuna 0.3 1.0 0.9 1.2 0.8 1.0 0.7 0.8 0.8 0.6 0.5 0.8 1.0 0.8 0.8 0.7
Articles of apparel and clothing accessories 3.2 1.2 1.5 1.3 1.5 1.4 1.6 1.7 1.4 1.3 1.6 1.7 1.1 1.8 1.6 1.5
Cathodes and sections of cathodes, of refined copper 4.0 1.0 0.0 0.8 4.5 0.7 2.3 0.4 6.2 0.7 1.8 0.7 6.5 1.3 1.9 2.3
Ignition wiring sets 2.9 3.2 3.3 5.4 2.5 2.5 2.8 5.9 2.8 3.2 3.0 5.6 2.5 3.7 3.5 3.6
Metal components 2.2 2.1 2.4 6.1 2.6 2.4 2.2 6.1 2.1 2.4 2.1 5.8 1.8 3.2 3.3 3.1
Petroleum products 0.8 1.0 0.6 1.1 0.9 0.9 0.6 0.9 0.7 0.1 0.3 0.8 0.9 0.9 0.8 0.5
Machinery and transport equipment 7.7 8.3 6.5 6.1 6.8 6.2 4.5 5.2 5.6 5.4 4.5 4.5 4.6 7.1 5.6 5.0
Chemicals 3.9 3.5 2.9 3.1 2.8 2.4 2.0 2.3 2.6 2.5 2.2 2.5 1.7 3.3 2.3 2.4
Woodcrafts and furniture 3.9 2.7 1.8 1.5 1.1 0.7 0.5 0.5 0.6 0.6 0.6 0.7 0.6 2.4 0.7 0.6
Processed food and beverages 1.7 1.6 1.5 1.7 1.6 1.4 1.2 1.4 1.6 1.5 1.3 1.5 1.3 1.6 1.4 1.5
Other exports of goods 13.1 16.2 10.8 6.7 20.2 18.8 12.2 7.4 20.1 17.8 11.9 6.9 18.9 11.6 14.3 14.0

Exports of Goods
100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 37
Unit: In million Philippine pesos
As of May 2020

Table 7.2.1 Exports of Services

Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Transport 31,661 34,458 39,069 39,163 38,686 40,296 40,661 42,624 40,438 40,572 41,150 45,609 26,807 144,351 162,267 167,769
Insurance and pension services 497 386 749 770 480 391 783 773 501 423 828 777 516 2,402 2,427 2,528
Travel 77,302 107,698 122,094 77,630 135,202 120,950 121,771 84,132 156,545 150,110 168,700 102,672 136,350 384,725 462,054 578,027
Government goods and services n.i.e. 1,201 1,276 1,377 1,367 2,213 2,354 2,538 2,516 2,268 2,333 2,574 2,544 2,387 5,221 9,621 9,718
Telecommunications, computer and information services 96,710 87,770 62,777 74,844 102,577 120,441 75,212 61,255 103,888 125,662 78,079 65,368 108,815 322,101 359,485 372,997
Business services 259,876 295,887 248,977 236,511 292,632 322,034 268,541 277,340 318,171 318,011 257,056 271,005 335,645 1,041,252 1,160,547 1,164,243
Manufacturing services on physical inputs owned by others 63,406 59,552 37,478 39,882 79,636 73,175 48,043 42,166 74,207 80,640 55,426 43,212 69,109 200,319 243,020 253,484
Miscellaneous services 9,736 9,527 7,508 7,043 9,819 10,902 8,179 8,355 10,780 12,273 8,576 9,127 9,743 33,813 37,255 40,756

Exports of Services 540,390 596,554 520,029 477,210 661,244 690,543 565,728 519,160 706,798 730,025 612,388 540,313 689,371 2,134,184 2,436,675 2,589,524
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In million Philippine pesos
As of May 2020

Table 7.2.2 Exports of Services

Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Transport 34,527 37,148 41,528 40,529 38,730 41,042 41,462 41,033 39,078 40,054 42,211 44,549 25,648 153,733 162,267 165,891
Insurance and pension services 519 401 775 791 486 391 771 779 490 412 800 768 494 2,486 2,427 2,470
Travel 82,540 114,710 127,380 80,086 137,023 120,987 119,517 84,527 153,003 146,115 163,166 101,661 129,782 404,715 462,054 563,945
Government goods and services n.i.e. 1,274 1,344 1,436 1,405 2,258 2,379 2,509 2,474 2,241 2,292 2,510 2,455 2,331 5,458 9,621 9,497
Telecommunications, computer and information services 96,696 88,045 63,224 75,334 102,685 120,230 74,259 62,311 103,346 124,946 77,262 66,248 107,787 323,299 359,485 371,802
Business services 273,100 322,084 260,150 222,484 297,240 331,531 259,529 272,246 306,103 319,553 248,558 263,234 316,004 1,077,818 1,160,547 1,137,447
Manufacturing services on physical inputs owned by others 65,983 61,770 38,737 40,863 80,397 73,083 47,150 42,391 72,590 78,570 53,659 42,830 66,157 207,354 243,020 247,650
Miscellaneous services 10,129 9,883 7,764 7,224 9,925 10,899 8,031 8,400 10,540 11,947 8,294 9,037 9,321 35,000 37,255 39,818

Exports of Services 564,769 635,385 540,995 468,715 668,744 700,543 553,228 514,160 687,392 723,889 596,459 530,781 657,525 2,209,863 2,436,675 2,538,521
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 38
Unit: In Percent
As of May 2020

Table 7.2.3 Exports of Services

Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Transport 22.2 16.9 4.1 8.8 4.5 0.7 1.2 7.0 -33.7 12.4 3.4
Insurance and pension services -3.3 1.3 4.6 0.3 4.3 8.3 5.7 0.5 2.9 1.1 4.2
Travel 74.9 12.3 -0.3 8.4 15.8 24.1 38.5 22.0 -12.9 20.1 25.1
Government goods and services n.i.e. 84.2 84.5 84.3 84.1 2.5 -0.9 1.4 1.1 5.2 84.3 1.0
Telecommunications, computer and information services 6.1 37.2 19.8 -18.2 1.3 4.3 3.8 6.7 4.7 11.6 3.8
Business services 12.6 8.8 7.9 17.3 8.7 -1.2 -4.3 -2.3 5.5 11.5 0.3
Manufacturing services on physical inputs owned by others 25.6 22.9 28.2 5.7 -6.8 10.2 15.4 2.5 -6.9 21.3 4.3
Miscellaneous services 0.9 14.4 8.9 18.6 9.8 12.6 4.9 9.2 -9.6 10.2 9.4

Exports of Services 22.4 15.8 8.8 8.8 6.9 5.7 8.2 4.1 -2.5 14.2 6.3
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 7.2.4 Exports of Services

Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Transport 12.2 10.5 -0.2 1.2 0.9 -2.4 1.8 8.6 -34.4 5.6 2.2
Insurance and pension services -6.3 -2.5 -0.6 -1.5 0.9 5.3 3.7 -1.4 0.7 -2.4 1.8
Travel 66.0 5.5 -6.2 5.5 11.7 20.8 36.5 20.3 -15.2 14.2 22.1
Government goods and services n.i.e. 77.3 77.0 74.8 76.1 -0.8 -3.7 0.0 -0.8 4.0 76.3 -1.3
Telecommunications, computer and information services 6.2 36.6 17.5 -17.3 0.6 3.9 4.0 6.3 4.3 11.2 3.4
Business services 8.8 2.9 -0.2 22.4 3.0 -3.6 -4.2 -3.3 3.2 7.7 -2.0
Manufacturing services on physical inputs owned by others 21.8 18.3 21.7 3.7 -9.7 7.5 13.8 1.0 -8.9 17.2 1.9
Miscellaneous services -2.0 10.3 3.4 16.3 6.2 9.6 3.3 7.6 -11.6 6.4 6.9

Exports of Services 18.4 10.3 2.3 9.7 2.8 3.3 7.8 3.2 -4.3 10.3 4.2
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 39
As of May 2020

Table 7.2.5 Exports of Services

Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Transport 91.7 92.8 94.1 96.6 99.9 98.2 98.1 103.9 103.5 101.3 97.5 102.4 104.5 93.9 100.0 101.1
Insurance and pension services 95.7 96.1 96.6 97.5 98.8 99.9 101.6 99.2 102.2 102.7 103.5 101.1 104.4 96.6 100.0 102.4
Travel 93.7 93.9 95.9 96.9 98.7 100.0 101.9 99.5 102.3 102.7 103.4 101.0 105.1 95.1 100.0 102.5
Government goods and services n.i.e. 94.3 95.0 95.9 97.3 98.0 99.0 101.1 101.7 101.2 101.8 102.6 103.6 102.4 95.6 100.0 102.3
Telecommunications, computer and information services 100.0 99.7 99.3 99.3 99.9 100.2 101.3 98.3 100.5 100.6 101.1 98.7 101.0 99.6 100.0 100.3
Business services 95.2 91.9 95.7 106.3 98.4 97.1 103.5 101.9 103.9 99.5 103.4 103.0 106.2 96.6 100.0 102.4
Manufacturing services on physical inputs owned by others 96.1 96.4 96.7 97.6 99.1 100.1 101.9 99.5 102.2 102.6 103.3 100.9 104.5 96.6 100.0 102.4
Miscellaneous services 96.1 96.4 96.7 97.5 98.9 100.0 101.8 99.5 102.3 102.7 103.4 101.0 104.5 96.6 100.0 102.4

Exports of Services 95.7 93.9 96.1 101.8 98.9 98.6 102.3 101.0 102.8 100.8 102.7 101.8 104.8 96.6 100.0 102.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 40
Unit: In Percent
As of May 2020

Table 7.2.6 Exports of Services

Q1 2017 to Q1 2020
Percent Share, at Current Prices

2017 2018 2019 2020 Annual

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Transport 5.9 5.8 7.5 8.2 5.9 5.8 7.2 8.2 5.7 5.6 6.7 8.4 3.9 6.8 6.7 6.5
Insurance and pension services 0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Travel 14.3 18.1 23.5 16.3 20.4 17.5 21.5 16.2 22.1 20.6 27.5 19.0 19.8 18.0 19.0 22.3
Government goods and services n.i.e. 0.2 0.2 0.3 0.3 0.3 0.3 0.4 0.5 0.3 0.3 0.4 0.5 0.3 0.2 0.4 0.4
Telecommunications, computer and information services 17.9 14.7 12.1 15.7 15.5 17.4 13.3 11.8 14.7 17.2 12.7 12.1 15.8 15.1 14.8 14.4
Business services 48.1 49.6 47.9 49.6 44.3 46.6 47.5 53.4 45.0 43.6 42.0 50.2 48.7 48.8 47.6 45.0
Manufacturing services on physical inputs owned by others 11.7 10.0 7.2 8.4 12.0 10.6 8.5 8.1 10.5 11.0 9.1 8.0 10.0 9.4 10.0 9.8
Miscellaneous services 1.8 1.6 1.4 1.5 1.5 1.6 1.4 1.6 1.5 1.7 1.4 1.7 1.4 1.6 1.5 1.6

Exports of Services 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 7.2.7 Exports of Services

Q1 2017 to Q1 2020
Percent Share, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Transport 6.1 5.8 7.7 8.6 5.8 5.9 7.5 8.0 5.7 5.5 7.1 8.4 3.9 7.0 6.7 6.5
Insurance and pension services 0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Travel 14.6 18.1 23.5 17.1 20.5 17.3 21.6 16.4 22.3 20.2 27.4 19.2 19.7 18.3 19.0 22.2
Government goods and services n.i.e. 0.2 0.2 0.3 0.3 0.3 0.3 0.5 0.5 0.3 0.3 0.4 0.5 0.4 0.2 0.4 0.4
Telecommunications, computer and information services 17.1 13.9 11.7 16.1 15.4 17.2 13.4 12.1 15.0 17.3 13.0 12.5 16.4 14.6 14.8 14.6
Business services 48.4 50.7 48.1 47.5 44.4 47.3 46.9 52.9 44.5 44.1 41.7 49.6 48.1 48.8 47.6 44.8
Manufacturing services on physical inputs owned by others 11.7 9.7 7.2 8.7 12.0 10.4 8.5 8.2 10.6 10.9 9.0 8.1 10.1 9.4 10.0 9.8
Miscellaneous services 1.8 1.6 1.4 1.5 1.5 1.6 1.5 1.6 1.5 1.7 1.4 1.7 1.4 1.6 1.5 1.6

Exports of Services 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 41
Unit: In million Philippine pesos
As of May 2020

Table 8.1.1 Imports of Goods

Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Items Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Electronic products 198,128 204,921 214,919 217,833 251,218 283,758 263,685 255,248 282,567 348,453 285,056 284,898 242,393 835,801 1,053,909 1,200,974
Components/devices (semiconductors) 101,535 98,507 105,682 111,277 130,425 129,542 129,326 122,226 144,410 166,890 127,021 123,444 125,380 417,001 511,518 561,765
Electronic data processing 39,345 44,804 44,257 40,568 42,978 56,354 53,430 50,658 48,883 71,364 67,254 68,522 50,286 168,974 203,419 256,022
Office equipment 2,470 1,737 2,513 2,099 2,877 3,734 3,212 2,366 2,447 3,433 3,021 3,303 2,832 8,819 12,189 12,204
Consumer electronics 12,745 13,297 15,144 14,451 15,321 20,531 19,482 19,952 22,297 28,427 23,480 19,614 12,283 55,636 75,285 93,817
Telecommunication 16,218 16,670 18,589 17,148 24,500 33,469 24,142 19,031 26,268 34,744 27,827 26,129 20,945 68,625 101,141 114,968
Communication/radar 16,160 17,878 16,631 19,617 22,653 24,277 17,285 27,007 23,808 26,042 21,744 27,659 19,157 70,285 91,221 99,253
Control instrumentation 6,420 8,199 8,257 9,053 8,724 11,932 12,847 10,373 10,739 13,084 10,046 10,393 7,904 31,929 43,876 44,262
Medical/industrial instrumentation 2,768 3,368 3,314 3,025 3,075 3,130 3,236 2,874 2,902 3,557 3,584 4,762 2,920 12,476 12,315 14,806
Automotive electronics 466 461 533 595 666 790 726 761 814 913 1,079 1,073 686 2,055 2,944 3,878
Mineral fuels, lubricants and related materials 165,671 142,577 147,764 162,722 193,575 218,393 217,448 212,443 187,918 216,411 192,125 203,267 159,863 618,734 841,859 799,721
Industrial machinery and equipment 82,248 86,481 88,907 87,797 93,788 105,610 102,755 101,989 105,464 98,628 98,697 89,562 80,794 345,433 404,142 392,351
Power generating and specialized machinery 23,646 20,884 26,989 24,939 23,253 18,762 18,934 23,422 20,829 23,578 27,227 21,006 12,867 96,458 84,371 92,641
Base metals 73,271 93,019 66,270 78,087 90,827 141,498 116,069 93,402 83,214 102,747 86,204 66,077 71,317 310,647 441,796 338,242
Transport equipment 193,968 147,136 129,562 145,506 192,755 180,825 192,407 145,473 227,116 138,171 149,917 137,899 196,666 616,172 711,459 653,104
Textile yarn, fabrics, made-up articles and related products 17,406 16,252 16,023 17,864 21,253 24,089 20,840 17,196 20,939 21,410 18,668 17,608 15,235 67,546 83,378 78,625
Electrical machinery 42,492 37,328 36,364 37,362 43,907 42,276 40,027 39,433 50,934 40,011 40,948 50,227 40,371 153,545 165,643 182,120
Chemical and chemical products 50,842 65,460 71,428 70,331 65,004 78,461 79,272 73,498 66,158 73,866 72,647 67,215 58,091 258,061 296,236 279,885
Cereals and cereal preparation 28,043 24,070 25,976 31,023 29,064 31,188 43,246 55,830 45,599 37,780 37,563 43,625 28,081 109,112 159,328 164,567
Dairy products 14,280 12,602 14,602 12,313 14,757 15,243 14,947 15,046 19,540 15,701 13,926 16,556 15,438 53,797 59,992 65,722
Medicinal and pharmaceutical products 25,107 20,505 25,146 27,856 24,748 21,226 26,785 30,614 29,023 22,790 25,880 34,421 27,662 98,614 103,374 112,115
Paper and paper products 15,565 18,377 16,675 17,313 18,031 20,915 19,926 15,879 18,075 18,228 18,441 15,675 14,290 67,930 74,750 70,419
Feeding stuff 17,173 19,743 18,306 20,079 17,388 23,212 22,330 24,283 16,834 19,039 19,990 21,181 11,377 75,300 87,213 77,044
Metalliferous ores and metal scrap 9,280 34,577 28,921 14,821 3,772 5,600 14,083 34,001 2,529 1,719 5,169 6,522 1,434 87,599 57,455 15,938
Metal products 23,590 24,958 25,038 28,789 27,785 31,291 31,820 33,888 32,754 32,595 32,627 29,174 23,992 102,376 124,784 127,151
Plastics in primary and non-primary forms 33,418 31,265 31,971 33,565 36,730 43,235 43,155 42,283 39,597 36,510 38,964 35,737 32,932 130,220 165,402 150,808
Fruits and vegetables 9,628 10,357 10,910 15,426 11,522 13,555 12,946 18,172 12,487 13,038 14,331 21,834 14,017 46,322 56,195 61,690
Professional scientific apparatus 16,389 17,148 15,816 17,109 13,877 17,935 17,762 18,032 16,480 14,707 33,283 17,615 16,503 66,461 67,606 82,086
Articles of apparel 6,112 6,260 7,078 8,664 6,987 8,495 8,793 10,002 8,534 9,656 10,073 9,439 7,861 28,114 34,276 37,703
Other imports of goods 245,941 210,506 278,377 199,103 275,608 278,513 356,190 250,464 342,393 299,030 438,783 280,850 284,572 933,927 1,160,775 1,361,056

Imports of Goods 1,292,198 1,244,424 1,297,045 1,268,501 1,455,849 1,604,077 1,663,420 1,510,596 1,628,986 1,584,067 1,660,519 1,470,388 1,355,755 5,102,168 6,233,942 6,343,960
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 42
Unit: In million Philippine pesos
As of May 2020

Table 8.1.2 Imports of Goods

Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Items Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Electronic products 188,178 204,140 282,222 162,909 240,528 285,597 343,307 184,476 267,590 349,747 375,245 208,973 238,952 837,449 1,053,909 1,201,555
Components/devices (semiconductors) 109,691 82,128 145,542 88,311 142,031 103,896 174,521 91,070 152,679 138,014 173,434 93,314 138,448 425,672 511,518 557,441
Electronic data processing 29,872 47,920 53,945 32,782 33,450 63,557 65,764 40,649 38,933 79,101 83,179 55,426 43,185 164,519 203,419 256,639
Office equipment 1,776 3,223 1,862 909 2,031 6,808 2,342 1,008 1,744 6,309 2,305 1,473 2,217 7,770 12,189 11,831
Consumer electronics 12,850 17,607 15,435 9,995 15,095 26,776 19,712 13,702 21,894 36,934 23,683 13,417 12,383 55,887 75,285 95,928
Telecommunication 10,333 16,140 27,393 12,780 15,790 33,704 36,929 14,718 17,242 34,390 42,832 20,200 13,923 66,646 101,141 114,665
Communication/radar 16,302 18,290 25,273 10,550 23,055 25,762 27,259 15,145 24,989 27,649 35,177 15,765 20,361 70,415 91,221 103,580
Control instrumentation 4,044 14,636 7,802 5,240 5,354 20,799 11,853 5,870 6,463 22,434 8,894 5,709 4,798 31,722 43,876 43,501
Medical/industrial instrumentation 2,941 3,583 4,392 1,873 3,198 3,252 4,144 1,721 3,011 3,715 4,579 2,833 3,086 12,790 12,315 14,138
Automotive electronics 368 614 579 468 523 1,044 783 594 636 1,199 1,160 837 553 2,029 2,944 3,832
Mineral fuels, lubricants and related materials 135,581 293,016 115,171 277,977 126,330 294,768 110,367 310,394 124,314 310,200 109,925 326,773 136,233 821,744 841,859 871,212
Industrial machinery and equipment 92,253 83,825 97,005 93,189 97,629 98,909 103,093 104,511 101,246 93,212 101,444 95,475 78,966 366,272 404,142 391,377
Power generating and specialized machinery 26,962 26,877 25,601 24,204 22,109 20,533 20,458 21,271 22,439 23,208 23,848 23,968 14,044 103,645 84,371 93,464
Base metals 61,874 128,767 63,002 75,156 73,970 182,347 102,145 83,333 66,952 122,377 78,809 60,961 62,249 328,799 441,796 329,100
Transport equipment 197,325 187,877 115,496 123,529 190,109 231,036 168,392 121,922 219,705 174,781 132,823 117,601 192,001 624,227 711,459 644,910
Textile yarn, fabrics, made-up articles and related products 30,272 9,507 10,917 21,431 36,290 13,883 13,527 19,677 35,723 13,210 13,089 22,066 27,968 72,126 83,378 84,087
Electrical machinery 40,129 35,708 45,502 35,450 40,729 39,393 48,910 36,611 46,908 37,264 50,007 46,554 37,670 156,789 165,643 180,733
Chemical and chemical products 47,576 74,644 79,573 75,430 57,471 82,954 82,151 73,659 58,973 81,151 79,596 71,945 54,186 277,223 296,236 291,665
Cereals and cereal preparation 16,744 16,948 34,246 35,933 17,296 22,070 56,202 63,760 27,530 26,157 46,642 42,428 16,277 103,871 159,328 142,756
Dairy products 15,077 12,671 15,312 12,239 15,181 15,014 15,270 14,526 19,590 15,066 13,849 15,495 14,426 55,299 59,992 64,000
Medicinal and pharmaceutical products 19,265 29,708 28,766 24,042 17,832 29,515 30,075 25,953 20,830 31,447 28,293 28,439 19,946 101,782 103,374 109,008
Paper and paper products 16,676 26,848 13,979 12,749 18,921 28,500 16,058 11,271 18,654 24,602 15,104 11,461 17,355 70,252 74,750 69,822
Feeding stuff 16,259 20,618 27,841 15,415 16,010 21,812 31,819 17,572 15,259 17,264 27,484 14,926 10,343 80,133 87,213 74,933
Metalliferous ores and metal scrap 18,176 43,757 15,264 10,536 2,765 6,151 10,983 37,556 5,171 2,086 2,746 5,506 3,261 87,733 57,455 15,509
Metal products 20,183 18,589 31,950 26,699 26,004 23,359 28,854 46,567 37,655 17,206 27,658 45,426 30,687 97,421 124,784 127,944
Plastics in primary and non-primary forms 36,601 25,893 45,754 36,738 37,118 42,520 42,418 43,346 42,483 37,830 43,335 39,463 37,605 144,986 165,402 163,112
Fruits and vegetables 11,874 9,782 10,643 12,042 12,390 14,941 14,466 14,397 16,381 16,787 15,661 15,650 20,270 44,340 56,195 64,479
Professional scientific apparatus 14,888 16,138 24,230 9,481 14,558 20,851 22,750 9,447 17,262 21,301 26,252 16,241 17,607 64,738 67,606 81,057
Articles of apparel 6,639 6,665 6,625 7,517 8,350 8,611 8,783 8,531 9,407 9,424 8,667 8,599 9,071 27,446 34,276 36,097
Other imports of goods 250,526 144,431 233,610 290,095 324,510 220,048 316,308 299,909 347,175 270,649 351,854 304,299 311,022 918,662 1,160,775 1,273,976

Imports of Goods 1,263,058 1,416,411 1,322,709 1,382,759 1,396,100 1,702,812 1,586,340 1,548,690 1,521,249 1,694,968 1,572,330 1,522,250 1,350,141 5,384,938 6,233,942 6,310,797
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 43
Unit: In Percent
As of May 2020

Table 8.1.3 Imports of Goods

Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Items Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Electronic products 26.8 38.5 22.7 17.2 12.5 22.8 8.1 11.6 -14.2 26.1 14.0
Components/devices (semiconductors) 28.5 31.5 22.4 9.8 10.7 28.8 -1.8 1.0 -13.2 22.7 9.8
Electronic data processing 9.2 25.8 20.7 24.9 13.7 26.6 25.9 35.3 2.9 20.4 25.9
Office equipment 16.5 115.0 27.9 12.7 -14.9 -8.1 -5.9 39.6 15.7 38.2 0.1
Consumer electronics 20.2 54.4 28.6 38.1 45.5 38.5 20.5 -1.7 -44.9 35.3 24.6
Telecommunication 51.1 100.8 29.9 11.0 7.2 3.8 15.3 37.3 -20.3 47.4 13.7
Communication/radar 40.2 35.8 3.9 37.7 5.1 7.3 25.8 2.4 -19.5 29.8 8.8
Control instrumentation 35.9 45.5 55.6 14.6 23.1 9.7 -21.8 0.2 -26.4 37.4 0.9
Medical/industrial instrumentation 11.1 -7.1 -2.4 -5.0 -5.6 13.6 10.8 65.7 0.6 -1.3 20.2
Automotive electronics 43.0 71.4 36.1 27.9 22.2 15.4 48.6 40.9 -15.7 43.2 31.7
Mineral fuels, lubricants and related materials 16.8 53.2 47.2 30.6 -2.9 -0.9 -11.6 -4.3 -14.9 36.1 -5.0
Industrial machinery and equipment 14.0 22.1 15.6 16.2 12.4 -6.6 -3.9 -12.2 -23.4 17.0 -2.9
Power generating and specialized machinery -1.7 -10.2 -29.8 -6.1 -10.4 25.7 43.8 -10.3 -38.2 -12.5 9.8
Base metals 24.0 52.1 75.1 19.6 -8.4 -27.4 -25.7 -29.3 -14.3 42.2 -23.4
Transport equipment -0.6 22.9 48.5 0.0 17.8 -23.6 -22.1 -5.2 -13.4 15.5 -8.2
Textile yarn, fabrics, made-up articles and related products 22.1 48.2 30.1 -3.7 -1.5 -11.1 -10.4 2.4 -27.2 23.4 -5.7
Electrical machinery 3.3 13.3 10.1 5.5 16.0 -5.4 2.3 27.4 -20.7 7.9 9.9
Chemical and chemical products 27.9 19.9 11.0 4.5 1.8 -5.9 -8.4 -8.5 -12.2 14.8 -5.5
Cereals and cereal preparation 3.6 29.6 66.5 80.0 56.9 21.1 -13.1 -21.9 -38.4 46.0 3.3
Dairy products 3.3 21.0 2.4 22.2 32.4 3.0 -6.8 10.0 -21.0 11.5 9.6
Medicinal and pharmaceutical products -1.4 3.5 6.5 9.9 17.3 7.4 -3.4 12.4 -4.7 4.8 8.5
Paper and paper products 15.8 13.8 19.5 -8.3 0.2 -12.8 -7.5 -1.3 -20.9 10.0 -5.8
Feeding stuff 1.3 17.6 22.0 20.9 -3.2 -18.0 -10.5 -12.8 -32.4 15.8 -11.7
Metalliferous ores and metal scrap -59.4 -83.8 -51.3 129.4 -33.0 -69.3 -63.3 -80.8 -43.3 -34.4 -72.3
Metal products 17.8 25.4 27.1 17.7 17.9 4.2 2.5 -13.9 -26.8 21.9 1.9
Plastics in primary and non-primary forms 9.9 38.3 35.0 26.0 7.8 -15.6 -9.7 -15.5 -16.8 27.0 -8.8
Fruits and vegetables 19.7 30.9 18.7 17.8 8.4 -3.8 10.7 20.2 12.3 21.3 9.8
Professional scientific apparatus -15.3 4.6 12.3 5.4 18.8 -18.0 87.4 -2.3 0.1 1.7 21.4
Articles of apparel 14.3 35.7 24.2 15.4 22.1 13.7 14.6 -5.6 -7.9 21.9 10.0
Other imports of goods 12.1 32.3 28.0 25.8 24.2 7.4 23.2 12.1 -16.9 24.3 17.3

Imports of Goods 12.7 28.9 28.2 19.1 11.9 -1.2 -0.2 -2.7 -16.8 22.2 1.8
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 44
Unit: In Percent
As of May 2020

Table 8.1.4 Imports of Goods

Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Items Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Electronic products 27.8 39.9 21.6 13.2 11.3 22.5 9.3 13.3 -10.7 25.8 14.0
Components/devices (semiconductors) 29.5 26.5 19.9 3.1 7.5 32.8 -0.6 2.5 -9.3 20.2 9.0
Electronic data processing 12.0 32.6 21.9 24.0 16.4 24.5 26.5 36.4 10.9 23.6 26.2
Office equipment 14.4 111.3 25.8 10.9 -14.2 -7.3 -1.6 46.2 27.1 56.9 -2.9
Consumer electronics 17.5 52.1 27.7 37.1 45.0 37.9 20.1 -2.1 -43.4 34.7 27.4
Telecommunication 52.8 108.8 34.8 15.2 9.2 2.0 16.0 37.2 -19.3 51.8 13.4
Communication/radar 41.4 40.9 7.9 43.6 8.4 7.3 29.0 4.1 -18.5 29.5 13.5
Control instrumentation 32.4 42.1 51.9 12.0 20.7 7.9 -25.0 -2.7 -25.8 38.3 -0.9
Medical/industrial instrumentation 8.7 -9.3 -5.6 -8.1 -5.9 14.3 10.5 64.6 2.5 -3.7 14.8
Automotive electronics 42.2 70.0 35.2 27.0 21.6 14.8 48.2 40.8 -13.0 45.1 30.2
Mineral fuels, lubricants and related materials -6.8 0.6 -4.2 11.7 -1.6 5.2 -0.4 5.3 9.6 2.4 3.5
Industrial machinery and equipment 5.8 18.0 6.3 12.1 3.7 -5.8 -1.6 -8.6 -22.0 10.3 -3.2
Power generating and specialized machinery -18.0 -23.6 -20.1 -12.1 1.5 13.0 16.6 12.7 -37.4 -18.6 10.8
Base metals 19.5 41.6 62.1 10.9 -9.5 -32.9 -22.8 -26.8 -7.0 34.4 -25.5
Transport equipment -3.7 23.0 45.8 -1.3 15.6 -24.3 -21.1 -3.5 -12.6 14.0 -9.4
Textile yarn, fabrics, made-up articles and related products 19.9 46.0 23.9 -8.2 -1.6 -4.9 -3.2 12.1 -21.7 15.6 0.9
Electrical machinery 1.5 10.3 7.5 3.3 15.2 -5.4 2.2 27.2 -19.7 5.6 9.1
Chemical and chemical products 20.8 11.1 3.2 -2.3 2.6 -2.2 -3.1 -2.3 -8.1 6.9 -1.5
Cereals and cereal preparation 3.3 30.2 64.1 77.4 59.2 18.5 -17.0 -33.5 -40.9 53.4 -10.4
Dairy products 0.7 18.5 -0.3 18.7 29.0 0.3 -9.3 6.7 -26.4 8.5 6.7
Medicinal and pharmaceutical products -7.4 -0.7 4.5 7.9 16.8 6.5 -5.9 9.6 -4.2 1.6 5.4
Paper and paper products 13.5 6.2 14.9 -11.6 -1.4 -13.7 -5.9 1.7 -7.0 6.4 -6.6
Feeding stuff -1.5 5.8 14.3 14.0 -4.7 -20.9 -13.6 -15.1 -32.2 8.8 -14.1
Metalliferous ores and metal scrap -84.8 -85.9 -28.0 256.5 87.0 -66.1 -75.0 -85.3 -36.9 -34.5 -73.0
Metal products 28.8 25.7 -9.7 74.4 44.8 -26.3 -4.1 -2.5 -18.5 28.1 2.5
Plastics in primary and non-primary forms 1.4 64.2 -7.3 18.0 14.5 -11.0 2.2 -9.0 -11.5 14.1 -1.4
Fruits and vegetables 4.3 52.7 35.9 19.6 32.2 12.4 8.3 8.7 23.7 26.7 14.7
Professional scientific apparatus -2.2 29.2 -6.1 -0.4 18.6 2.2 15.4 71.9 2.0 4.4 19.9
Articles of apparel 25.8 29.2 32.6 13.5 12.7 9.4 -1.3 0.8 -3.6 24.9 5.3
Other imports of goods 29.5 52.4 35.4 3.4 7.0 23.0 11.2 1.5 -10.4 26.4 9.8

Imports of Goods 10.5 20.2 19.9 12.0 9.0 -0.5 -0.9 -1.7 -11.2 15.8 1.2
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 45
As of May 2020

Table 8.1.5 Imports of Goods

Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Items Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Electronic products 105.3 100.4 76.2 133.7 104.4 99.4 76.8 138.4 105.6 99.6 76.0 136.3 101.4 99.8 100.0 100.0
Components/devices (semiconductors) 92.6 119.9 72.6 126.0 91.8 124.7 74.1 134.2 94.6 120.9 73.2 132.3 90.6 98.0 100.0 100.8
Electronic data processing 131.7 93.5 82.0 123.7 128.5 88.7 81.2 124.6 125.6 90.2 80.9 123.6 116.4 102.7 100.0 99.8
Office equipment 139.1 53.9 134.9 231.0 141.6 54.8 137.1 234.8 140.3 54.4 131.1 224.3 127.8 113.5 100.0 103.2
Consumer electronics 99.2 75.5 98.1 144.6 101.5 76.7 98.8 145.6 101.8 77.0 99.1 146.2 99.2 99.6 100.0 97.8
Telecommunication 157.0 103.3 67.9 134.2 155.2 99.3 65.4 129.3 152.3 101.0 65.0 129.4 150.4 103.0 100.0 100.3
Communication/radar 99.1 97.7 65.8 185.9 98.3 94.2 63.4 178.3 95.3 94.2 61.8 175.5 94.1 99.8 100.0 95.8
Control instrumentation 158.8 56.0 105.8 172.8 162.9 57.4 108.4 176.7 166.1 58.3 113.0 182.0 164.7 100.7 100.0 101.7
Medical/industrial instrumentation 94.1 94.0 75.5 161.5 96.1 96.3 78.1 167.0 96.4 95.7 78.3 168.1 94.6 97.5 100.0 104.7
Automotive electronics 126.7 75.1 92.1 127.2 127.4 75.7 92.7 128.1 128.0 76.1 93.0 128.2 124.1 101.3 100.0 101.2
Mineral fuels, lubricants and related materials 122.2 48.7 128.3 58.5 153.2 74.1 197.0 68.4 151.2 69.8 174.8 62.2 117.3 75.3 100.0 91.8
Industrial machinery and equipment 89.2 103.2 91.7 94.2 96.1 106.8 99.7 97.6 104.2 105.8 97.3 93.8 102.3 94.3 100.0 100.2
Power generating and specialized machinery 87.7 77.7 105.4 103.0 105.2 91.4 92.5 110.1 92.8 101.6 114.2 87.6 91.6 93.1 100.0 99.1
Base metals 118.4 72.2 105.2 103.9 122.8 77.6 113.6 112.1 124.3 84.0 109.4 108.4 114.6 94.5 100.0 102.8
Transport equipment 98.3 78.3 112.2 117.8 101.4 78.3 114.3 119.3 103.4 79.1 112.9 117.3 102.4 98.7 100.0 101.3
Textile yarn, fabrics, made-up articles and related products 57.5 171.0 146.8 83.4 58.6 173.5 154.1 87.4 58.6 162.1 142.6 79.8 54.5 93.6 100.0 93.5
Electrical machinery 105.9 104.5 79.9 105.4 107.8 107.3 81.8 107.7 108.6 107.4 81.9 107.9 107.2 97.9 100.0 100.8
Chemical and chemical products 106.9 87.7 89.8 93.2 113.1 94.6 96.5 99.8 112.2 91.0 91.3 93.4 107.2 93.1 100.0 96.0
Cereals and cereal preparation 167.5 142.0 75.9 86.3 168.0 141.3 76.9 87.6 165.6 144.4 80.5 102.8 172.5 105.0 100.0 115.3
Dairy products 94.7 99.5 95.4 100.6 97.2 101.5 97.9 103.6 99.7 104.2 100.6 106.8 107.0 97.3 100.0 102.7
Medicinal and pharmaceutical products 130.3 69.0 87.4 115.9 138.8 71.9 89.1 118.0 139.3 72.5 91.5 121.0 138.7 96.9 100.0 102.9
Paper and paper products 93.3 68.4 119.3 135.8 95.3 73.4 124.1 140.9 96.9 74.1 122.1 136.8 82.3 96.7 100.0 100.9
Feeding stuff 105.6 95.8 65.8 130.3 108.6 106.4 70.2 138.2 110.3 110.3 72.7 141.9 110.0 94.0 100.0 102.8
Metalliferous ores and metal scrap 51.1 79.0 189.5 140.7 136.4 91.0 128.2 90.5 48.9 82.4 188.2 118.4 44.0 99.8 100.0 102.8
Metal products 116.9 134.3 78.4 107.8 106.8 134.0 110.3 72.8 87.0 189.4 118.0 64.2 78.2 105.1 100.0 99.4
Plastics in primary and non-primary forms 91.3 120.7 69.9 91.4 99.0 101.7 101.7 97.5 93.2 96.5 89.9 90.6 87.6 89.8 100.0 92.5
Fruits and vegetables 81.1 105.9 102.5 128.1 93.0 90.7 89.5 126.2 76.2 77.7 91.5 139.5 69.2 104.5 100.0 95.7
Professional scientific apparatus 110.1 106.3 65.3 180.5 95.3 86.0 78.1 190.9 95.5 69.0 126.8 108.5 93.7 102.7 100.0 101.3
Articles of apparel 92.1 93.9 106.8 115.3 83.7 98.7 100.1 117.2 90.7 102.5 116.2 109.8 86.7 102.4 100.0 104.4
Other imports of goods 98.2 145.7 119.2 68.6 84.9 126.6 112.6 83.5 98.6 110.5 124.7 92.3 91.5 101.7 100.0 106.8

Imports of Goods 102.3 87.9 98.1 91.7 104.3 94.2 104.9 97.5 107.1 93.5 105.6 96.6 100.4 94.7 100.0 100.5
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 46
Unit: In Percent
As of May 2020

Table 8.1.6 Imports of Goods

Q1 2017 to Q1 2020
Percent Share, at Current Prices

2017 2018 2019 2020 Annual

Items Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Electronic products 15.3 16.5 16.6 17.2 17.3 17.7 15.9 16.9 17.3 22.0 17.2 19.4 17.9 16.4 16.9 18.9
Components/devices (semiconductors) 7.9 7.9 8.1 8.8 9.0 8.1 7.8 8.1 8.9 10.5 7.6 8.4 9.2 8.2 8.2 8.9
Electronic data processing 3.0 3.6 3.4 3.2 3.0 3.5 3.2 3.4 3.0 4.5 4.1 4.7 3.7 3.3 3.3 4.0
Office equipment 0.2 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Consumer electronics 1.0 1.1 1.2 1.1 1.1 1.3 1.2 1.3 1.4 1.8 1.4 1.3 0.9 1.1 1.2 1.5
Telecommunication 1.3 1.3 1.4 1.4 1.7 2.1 1.5 1.3 1.6 2.2 1.7 1.8 1.5 1.3 1.6 1.8
Communication/radar 1.3 1.4 1.3 1.5 1.6 1.5 1.0 1.8 1.5 1.6 1.3 1.9 1.4 1.4 1.5 1.6
Control instrumentation 0.5 0.7 0.6 0.7 0.6 0.7 0.8 0.7 0.7 0.8 0.6 0.7 0.6 0.6 0.7 0.7
Medical/industrial instrumentation 0.2 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.2 0.2 0.2 0.2
Automotive electronics 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.1 0.1 0.1 0.1 0.0 0.0 0.1
Mineral fuels, lubricants and related materials 12.8 11.5 11.4 12.8 13.3 13.6 13.1 14.1 11.5 13.7 11.6 13.8 11.8 12.1 13.5 12.6
Industrial machinery and equipment 6.4 6.9 6.9 6.9 6.4 6.6 6.2 6.8 6.5 6.2 5.9 6.1 6.0 6.8 6.5 6.2
Power generating and specialized machinery 1.8 1.7 2.1 2.0 1.6 1.2 1.1 1.6 1.3 1.5 1.6 1.4 0.9 1.9 1.4 1.5
Base metals 5.7 7.5 5.1 6.2 6.2 8.8 7.0 6.2 5.1 6.5 5.2 4.5 5.3 6.1 7.1 5.3
Transport equipment 15.0 11.8 10.0 11.5 13.2 11.3 11.6 9.6 13.9 8.7 9.0 9.4 14.5 12.1 11.4 10.3
Textile yarn, fabrics, made-up articles and related products 1.3 1.3 1.2 1.4 1.5 1.5 1.3 1.1 1.3 1.4 1.1 1.2 1.1 1.3 1.3 1.2
Electrical machinery 3.3 3.0 2.8 2.9 3.0 2.6 2.4 2.6 3.1 2.5 2.5 3.4 3.0 3.0 2.7 2.9
Chemical and chemical products 3.9 5.3 5.5 5.5 4.5 4.9 4.8 4.9 4.1 4.7 4.4 4.6 4.3 5.1 4.8 4.4
Cereals and cereal preparation 2.2 1.9 2.0 2.4 2.0 1.9 2.6 3.7 2.8 2.4 2.3 3.0 2.1 2.1 2.6 2.6
Dairy products 1.1 1.0 1.1 1.0 1.0 1.0 0.9 1.0 1.2 1.0 0.8 1.1 1.1 1.1 1.0 1.0
Medicinal and pharmaceutical products 1.9 1.6 1.9 2.2 1.7 1.3 1.6 2.0 1.8 1.4 1.6 2.3 2.0 1.9 1.7 1.8
Paper and paper products 1.2 1.5 1.3 1.4 1.2 1.3 1.2 1.1 1.1 1.2 1.1 1.1 1.1 1.3 1.2 1.1
Feeding stuff 1.3 1.6 1.4 1.6 1.2 1.4 1.3 1.6 1.0 1.2 1.2 1.4 0.8 1.5 1.4 1.2
Metalliferous ores and metal scrap 0.7 2.8 2.2 1.2 0.3 0.3 0.8 2.3 0.2 0.1 0.3 0.4 0.1 1.7 0.9 0.3
Metal products 1.8 2.0 1.9 2.3 1.9 2.0 1.9 2.2 2.0 2.1 2.0 2.0 1.8 2.0 2.0 2.0
Plastics in primary and non-primary forms 2.6 2.5 2.5 2.6 2.5 2.7 2.6 2.8 2.4 2.3 2.3 2.4 2.4 2.6 2.7 2.4
Fruits and vegetables 0.7 0.8 0.8 1.2 0.8 0.8 0.8 1.2 0.8 0.8 0.9 1.5 1.0 0.9 0.9 1.0
Professional scientific apparatus 1.3 1.4 1.2 1.3 1.0 1.1 1.1 1.2 1.0 0.9 2.0 1.2 1.2 1.3 1.1 1.3
Articles of apparel 0.5 0.5 0.5 0.7 0.5 0.5 0.5 0.7 0.5 0.6 0.6 0.6 0.6 0.6 0.5 0.6
Other imports of goods 19.0 16.9 21.5 15.7 18.9 17.4 21.4 16.6 21.0 18.9 26.4 19.1 21.0 18.3 18.6 21.5

Imports of Goods 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 47
Unit: In Percent
As of May 2020

Table 8.1.7 Imports of Goods

Q1 2017 to Q1 2020
Percent Share, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Items Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Electronic products 14.9 14.4 21.3 11.8 17.2 16.8 21.6 11.9 17.6 20.6 23.9 13.7 17.7 15.6 16.9 19.0
Components/devices (semiconductors) 8.7 5.8 11.0 6.4 10.2 6.1 11.0 5.9 10.0 8.1 11.0 6.1 10.3 7.9 8.2 8.8
Electronic data processing 2.4 3.4 4.1 2.4 2.4 3.7 4.1 2.6 2.6 4.7 5.3 3.6 3.2 3.1 3.3 4.1
Office equipment 0.1 0.2 0.1 0.1 0.1 0.4 0.1 0.1 0.1 0.4 0.1 0.1 0.2 0.1 0.2 0.2
Consumer electronics 1.0 1.2 1.2 0.7 1.1 1.6 1.2 0.9 1.4 2.2 1.5 0.9 0.9 1.0 1.2 1.5
Telecommunication 0.8 1.1 2.1 0.9 1.1 2.0 2.3 1.0 1.1 2.0 2.7 1.3 1.0 1.2 1.6 1.8
Communication/radar 1.3 1.3 1.9 0.8 1.7 1.5 1.7 1.0 1.6 1.6 2.2 1.0 1.5 1.3 1.5 1.6
Control instrumentation 0.3 1.0 0.6 0.4 0.4 1.2 0.7 0.4 0.4 1.3 0.6 0.4 0.4 0.6 0.7 0.7
Medical/industrial instrumentation 0.2 0.3 0.3 0.1 0.2 0.2 0.3 0.1 0.2 0.2 0.3 0.2 0.2 0.2 0.2 0.2
Automotive electronics 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.1 0.1 0.1 0.0 0.0 0.0 0.1
Mineral fuels, lubricants and related materials 10.7 20.7 8.7 20.1 9.0 17.3 7.0 20.0 8.2 18.3 7.0 21.5 10.1 15.3 13.5 13.8
Industrial machinery and equipment 7.3 5.9 7.3 6.7 7.0 5.8 6.5 6.7 6.7 5.5 6.5 6.3 5.8 6.8 6.5 6.2
Power generating and specialized machinery 2.1 1.9 1.9 1.8 1.6 1.2 1.3 1.4 1.5 1.4 1.5 1.6 1.0 1.9 1.4 1.5
Base metals 4.9 9.1 4.8 5.4 5.3 10.7 6.4 5.4 4.4 7.2 5.0 4.0 4.6 6.1 7.1 5.2
Transport equipment 15.6 13.3 8.7 8.9 13.6 13.6 10.6 7.9 14.4 10.3 8.4 7.7 14.2 11.6 11.4 10.2
Textile yarn, fabrics, made-up articles and related products 2.4 0.7 0.8 1.5 2.6 0.8 0.9 1.3 2.3 0.8 0.8 1.4 2.1 1.3 1.3 1.3
Electrical machinery 3.2 2.5 3.4 2.6 2.9 2.3 3.1 2.4 3.1 2.2 3.2 3.1 2.8 2.9 2.7 2.9
Chemical and chemical products 3.8 5.3 6.0 5.5 4.1 4.9 5.2 4.8 3.9 4.8 5.1 4.7 4.0 5.1 4.8 4.6
Cereals and cereal preparation 1.3 1.2 2.6 2.6 1.2 1.3 3.5 4.1 1.8 1.5 3.0 2.8 1.2 1.9 2.6 2.3
Dairy products 1.2 0.9 1.2 0.9 1.1 0.9 1.0 0.9 1.3 0.9 0.9 1.0 1.1 1.0 1.0 1.0
Medicinal and pharmaceutical products 1.5 2.1 2.2 1.7 1.3 1.7 1.9 1.7 1.4 1.9 1.8 1.9 1.5 1.9 1.7 1.7
Paper and paper products 1.3 1.9 1.1 0.9 1.4 1.7 1.0 0.7 1.2 1.5 1.0 0.8 1.3 1.3 1.2 1.1
Feeding stuff 1.3 1.5 2.1 1.1 1.1 1.3 2.0 1.1 1.0 1.0 1.7 1.0 0.8 1.5 1.4 1.2
Metalliferous ores and metal scrap 1.4 3.1 1.2 0.8 0.2 0.4 0.7 2.4 0.3 0.1 0.2 0.4 0.2 1.6 0.9 0.2
Metal products 1.6 1.3 2.4 1.9 1.9 1.4 1.8 3.0 2.5 1.0 1.8 3.0 2.3 1.8 2.0 2.0
Plastics in primary and non-primary forms 2.9 1.8 3.5 2.7 2.7 2.5 2.7 2.8 2.8 2.2 2.8 2.6 2.8 2.7 2.7 2.6
Fruits and vegetables 0.9 0.7 0.8 0.9 0.9 0.9 0.9 0.9 1.1 1.0 1.0 1.0 1.5 0.8 0.9 1.0
Professional scientific apparatus 1.2 1.1 1.8 0.7 1.0 1.2 1.4 0.6 1.1 1.3 1.7 1.1 1.3 1.2 1.1 1.3
Articles of apparel 0.5 0.5 0.5 0.5 0.6 0.5 0.6 0.6 0.6 0.6 0.6 0.6 0.7 0.5 0.5 0.6
Other imports of goods 19.8 10.2 17.7 21.0 23.2 12.9 19.9 19.4 22.8 16.0 22.4 20.0 23.0 17.1 18.6 20.2

Imports of Goods 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 48
Unit: In million Philippine pesos
As of May 2020

Table 8.2.1 Imports of Services

Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Transport 50,710 59,655 61,902 65,262 52,482 64,971 71,516 84,984 57,614 61,065 63,757 67,901 54,575 237,528 273,952 250,336
Insurance and pension services 17,785 25,279 15,480 10,365 17,577 28,484 18,417 10,771 19,552 27,774 19,218 11,658 14,818 68,908 75,249 78,202
Travel 161,731 112,280 150,125 186,112 166,842 124,323 161,351 209,185 177,646 129,138 172,859 224,336 164,280 610,247 661,700 703,979
Government goods and services n.i.e. 3,642 3,628 3,620 3,607 6,669 6,651 6,673 6,723 7,045 6,870 7,105 7,110 7,266 14,497 26,715 28,130
Telecommunications, computer and information services 7,527 10,083 10,755 12,688 14,142 13,845 10,681 12,461 15,759 13,729 13,290 12,822 17,910 41,054 51,129 55,600
Business services 54,898 59,784 51,680 73,779 57,873 61,123 50,514 69,364 65,500 74,564 61,234 88,821 76,089 240,142 238,873 290,118
Charges for the use of intellectual property 6,948 11,752 8,693 8,781 11,704 12,390 11,598 11,592 14,283 11,150 10,714 14,181 16,972 36,174 47,284 50,328
Miscellaneous services 10,925 10,365 10,329 11,192 12,979 13,258 11,429 15,698 15,708 15,987 12,449 13,864 15,579 42,812 53,364 58,008

Imports of Services 314,166 292,825 312,584 371,786 340,267 325,043 342,180 420,777 373,106 340,278 360,626 440,691 367,489 1,291,361 1,428,267 1,514,701
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In million Philippine pesos
As of May 2020

Table 8.2.2 Imports of Services

Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Transport 55,035 56,918 61,424 65,834 55,547 61,448 71,039 85,919 60,580 57,055 62,355 67,580 58,001 239,211 273,952 247,569
Insurance and pension services 22,792 21,355 14,449 9,957 22,842 24,617 17,461 10,329 24,766 23,058 17,475 10,796 19,002 68,552 75,249 76,095
Travel 147,846 105,776 160,382 203,998 151,160 112,904 172,925 224,711 158,690 117,689 183,560 239,882 145,420 618,002 661,700 699,821
Government goods and services n.i.e. 4,167 3,295 3,444 3,515 7,653 6,105 6,408 6,550 7,938 6,122 6,597 6,715 8,289 14,422 26,715 27,372
Telecommunications, computer and information services 9,446 9,026 10,150 12,219 17,172 12,289 9,938 11,730 18,497 11,810 12,012 11,783 21,282 40,842 51,129 54,102
Business services 68,077 52,665 47,995 70,167 70,003 54,685 47,685 66,500 78,386 65,132 56,112 82,672 92,185 238,903 238,873 282,303
Charges for the use of intellectual property 8,772 10,543 8,210 8,463 14,244 11,113 10,917 11,011 16,862 9,566 9,621 12,923 20,285 35,987 47,284 48,972
Miscellaneous services 13,410 9,060 9,529 10,592 15,647 11,883 10,807 15,027 18,675 13,799 11,251 12,720 18,751 42,591 53,364 56,445

Imports of Services 329,544 268,638 315,583 384,745 354,267 295,043 347,180 431,777 384,395 304,231 358,983 445,071 383,216 1,298,510 1,428,267 1,492,680
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 49
Unit: In Percent
As of May 2020

Table 8.2.3 Imports of Services

Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Transport 3.5 8.9 15.5 30.2 9.8 -6.0 -10.9 -20.1 -5.3 15.3 -8.6
Insurance and pension services -1.2 12.7 19.0 3.9 11.2 -2.5 4.4 8.2 -24.2 9.2 3.9
Travel 3.2 10.7 7.5 12.4 6.5 3.9 7.1 7.2 -7.5 8.4 6.4
Government goods and services n.i.e. 83.1 83.3 84.3 86.4 5.7 3.3 6.5 5.8 3.1 84.3 5.3
Telecommunications, computer and information services 87.9 37.3 -0.7 -1.8 11.4 -0.8 24.4 2.9 13.7 24.5 8.7
Business services 5.4 2.2 -2.3 -6.0 13.2 22.0 21.2 28.1 16.2 -0.5 21.5
Charges for the use of intellectual property 68.5 5.4 33.4 32.0 22.0 -10.0 -7.6 22.3 18.8 30.7 6.4
Miscellaneous services 18.8 27.9 10.7 40.3 21.0 20.6 8.9 -11.7 -0.8 24.6 8.7

Imports of Services
8.3 11.0 9.5 13.2 9.7 4.7 5.4 4.7 -1.5 10.6 6.1
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 8.2.4 Imports of Services

Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Transport 0.9 8.0 15.7 30.5 9.1 -7.1 -12.2 -21.3 -4.3 14.5 -9.6
Insurance and pension services 0.2 15.3 20.8 3.7 8.4 -6.3 0.1 4.5 -23.3 9.8 1.1
Travel 2.2 6.7 7.8 10.2 5.0 4.2 6.2 6.8 -8.4 7.1 5.8
Government goods and services n.i.e. 83.6 85.3 86.0 86.3 3.7 0.3 3.0 2.5 4.4 85.2 2.5
Telecommunications, computer and information services 81.8 36.1 -2.1 -4.0 7.7 -3.9 20.9 0.5 15.1 25.2 5.8
Business services 2.8 3.8 -0.6 -5.2 12.0 19.1 17.7 24.3 17.6 0.0 18.2
Charges for the use of intellectual property 62.4 5.4 33.0 30.1 18.4 -13.9 -11.9 17.4 20.3 31.4 3.6
Miscellaneous services 16.7 31.2 13.4 41.9 19.4 16.1 4.1 -15.4 0.4 25.3 5.8

Imports of Services
7.5 9.8 10.0 12.2 8.5 3.1 3.4 3.1 -0.3 10.0 4.5
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 50
As of May 2020

Table 8.2.5 Imports of Services

Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Transport 92.1 104.8 100.8 99.1 94.5 105.7 100.7 98.9 95.1 107.0 102.2 100.5 94.1 99.3 100.0 101.1
Insurance and pension services 78.0 118.4 107.1 104.1 76.9 115.7 105.5 104.3 78.9 120.5 110.0 108.0 78.0 100.5 100.0 102.8
Travel 109.4 106.1 93.6 91.2 110.4 110.1 93.3 93.1 111.9 109.7 94.2 93.5 113.0 98.7 100.0 100.6
Government goods and services n.i.e. 87.4 110.1 105.1 102.6 87.1 109.0 104.1 102.6 88.8 112.2 107.7 105.9 87.7 100.5 100.0 102.8
Telecommunications, computer and information services 79.7 111.7 106.0 103.8 82.4 112.7 107.5 106.2 85.2 116.3 110.6 108.8 84.2 100.5 100.0 102.8
Business services 80.6 113.5 107.7 105.1 82.7 111.8 105.9 104.3 83.6 114.5 109.1 107.4 82.5 100.5 100.0 102.8
Charges for the use of intellectual property 79.2 111.5 105.9 103.8 82.2 111.5 106.2 105.3 84.7 116.6 111.4 109.7 83.7 100.5 100.0 102.8
Miscellaneous services 81.5 114.4 108.4 105.7 83.0 111.6 105.8 104.5 84.1 115.9 110.7 109.0 83.1 100.5 100.0 102.8

Imports of Services
95.3 109.0 99.0 96.6 96.0 110.2 98.6 97.5 97.1 111.8 100.5 99.0 95.9 99.4 100.0 101.5
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 51
Unit: In Percent
As of May 2020

Table 8.2.6 Imports of Services

Q1 2017 to Q1 2020
Percent Share, at Current Prices

2017 2018 2019 2020 Annual

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Transport 16.1 20.4 19.8 17.6 15.4 20.0 20.9 20.2 15.4 17.9 17.7 15.4 14.9 18.4 19.2 16.5
Insurance and pension services 5.7 8.6 5.0 2.8 5.2 8.8 5.4 2.6 5.2 8.2 5.3 2.6 4.0 5.3 5.3 5.2
Travel 51.5 38.3 48.0 50.1 49.0 38.2 47.2 49.7 47.6 38.0 47.9 50.9 44.7 47.3 46.3 46.5
Government goods and services n.i.e. 1.2 1.2 1.2 1.0 2.0 2.0 2.0 1.6 1.9 2.0 2.0 1.6 2.0 1.1 1.9 1.9
Telecommunications, computer and information services 2.4 3.4 3.4 3.4 4.2 4.3 3.1 3.0 4.2 4.0 3.7 2.9 4.9 3.2 3.6 3.7
Business services 17.5 20.4 16.5 19.8 17.0 18.8 14.8 16.5 17.6 21.9 17.0 20.2 20.7 18.6 16.7 19.2
Charges for the use of intellectual property 2.2 4.0 2.8 2.4 3.4 3.8 3.4 2.8 3.8 3.3 3.0 3.2 4.6 2.8 3.3 3.3
Miscellaneous services 3.5 3.5 3.3 3.0 3.8 4.1 3.3 3.7 4.2 4.7 3.5 3.1 4.2 3.3 3.7 3.8

Imports of Services
100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 8.2.7 Imports of Services

Q1 2017 to Q1 2020
Percent Share, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Transport 16.7 21.2 19.5 17.1 15.7 20.8 20.5 19.9 15.8 18.8 17.4 15.2 15.1 18.4 19.2 16.6
Insurance and pension services 6.9 7.9 4.6 2.6 6.4 8.3 5.0 2.4 6.4 7.6 4.9 2.4 5.0 5.3 5.3 5.1
Travel 44.9 39.4 50.8 53.0 42.7 38.3 49.8 52.0 41.3 38.7 51.1 53.9 37.9 47.6 46.3 46.9
Government goods and services n.i.e. 1.3 1.2 1.1 0.9 2.2 2.1 1.8 1.5 2.1 2.0 1.8 1.5 2.2 1.1 1.9 1.8
Telecommunications, computer and information services 2.9 3.4 3.2 3.2 4.8 4.2 2.9 2.7 4.8 3.9 3.3 2.6 5.6 3.1 3.6 3.6
Business services 20.7 19.6 15.2 18.2 19.8 18.5 13.7 15.4 20.4 21.4 15.6 18.6 24.1 18.4 16.7 18.9
Charges for the use of intellectual property 2.7 3.9 2.6 2.2 4.0 3.8 3.1 2.6 4.4 3.1 2.7 2.9 5.3 2.8 3.3 3.3
Miscellaneous services 4.1 3.4 3.0 2.8 4.4 4.0 3.1 3.5 4.9 4.5 3.1 2.9 4.9 3.3 3.7 3.8

Imports of Services
100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 52
Unit: In million Philippine pesos
As of May 2020

Table 9.1 Gross Value Added in Agriculture, Forestry, and Fishing, by Industry
Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Palay 77,044 75,552 58,547 131,292 89,204 83,246 65,746 142,115 79,851 64,479 46,059 111,598 76,663 342,435 380,311 301,986
Corn 24,501 14,257 24,563 20,180 31,229 17,162 25,086 23,426 31,400 15,422 29,278 17,835 26,220 83,501 96,904 93,935
Coconut including copra 25,685 20,075 39,808 21,089 23,472 16,091 29,684 14,281 16,207 12,547 24,666 14,153 17,638 106,657 83,528 67,572
Sugarcane including
muscovado sugar-making in the farm 15,743 6,201 632 7,828 11,385 5,951 1,048 9,604 15,891 3,983 270 7,096 16,653 30,404 27,988 27,240
Banana 28,972 33,001 32,794 33,607 31,959 35,819 34,950 35,488 33,870 39,208 40,138 41,218 41,893 128,374 138,215 154,434
Mango 4,421 20,544 2,452 8,813 5,583 17,858 2,257 7,353 4,619 15,995 2,439 8,919 5,150 36,231 33,050 31,973
Pineapple 4,830 3,820 5,725 10,544 5,019 4,036 6,503 12,042 5,947 4,061 6,935 13,516 7,639 24,919 27,599 30,459
Coffee 2,109 660 582 2,791 1,854 696 551 2,855 1,720 617 538 2,741 1,635 6,142 5,956 5,615
Cassava 3,048 3,927 5,331 10,970 2,817 4,321 5,395 8,398 3,380 4,896 7,110 9,172 3,624 23,276 20,932 24,557
Rubber 1,637 2,926 2,557 3,544 1,156 2,826 2,570 2,947 978 3,155 2,537 3,489 988 10,665 9,499 10,158
Cacao 339 222 409 465 383 266 438 494 336 280 409 506 383 1,435 1,581 1,531
Abaca 399 261 479 540 438 301 492 553 377 315 462 573 445 1,680 1,784 1,728
Tobacco 327 213 388 430 339 229 370 416 287 242 357 444 289 1,359 1,354 1,330
Other agricultural crops, n.e.c. 19,526 12,834 23,681 26,898 22,021 15,282 25,137 28,401 19,434 16,273 23,880 29,617 25,190 82,939 90,842 89,204
Livestock 47,130 51,473 48,296 58,182 53,655 57,909 55,469 67,472 59,449 62,390 57,016 60,046 55,213 205,081 234,504 238,900
Poultry and egg production 48,282 38,896 34,178 51,079 49,243 36,973 36,607 47,176 45,662 35,629 40,822 58,565 59,013 172,435 169,999 180,678
Other animal production 11,327 11,094 10,391 13,976 13,531 12,731 12,349 15,199 13,591 12,391 12,252 14,833 15,048 46,788 53,810 53,067
Forestry and logging 782 1,054 939 257 668 921 974 321 629 823 923 251 490 3,031 2,884 2,626
Fishing and aquaculture 52,182 51,622 60,457 57,860 51,596 49,964 60,890 58,148 53,341 54,041 61,501 64,102 58,393 222,121 220,599 232,984
Support activities to agriculture, forestry and fishing 31,411 42,926 29,588 52,559 34,115 43,857 30,356 52,951 34,185 49,224 34,093 54,733 38,235 156,484 161,278 172,235

Gross Value Added in Agriculture,

Forestry, and Fishing 399,694 391,557 381,799 512,906 429,666 406,441 396,871 529,639 421,152 395,969 391,684 513,406 450,802 1,685,956 1,762,616 1,722,211
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 53
Unit: In million Philippine pesos
As of May 2020

Table 9.2 Gross Value Added in Agriculture, Forestry, and Fishing, by Industry
Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Palay 89,601 84,253 68,014 143,872 94,300 82,841 64,211 138,959 87,046 74,531 58,247 138,158 85,393 385,740 380,311 357,982
Corn 29,703 16,701 32,382 19,572 31,295 16,082 27,799 21,728 30,724 14,745 34,473 20,143 29,965 98,358 96,904 100,085
Coconut including copra 25,057 13,090 20,569 20,434 27,184 13,560 21,655 21,129 27,287 13,513 21,833 21,769 25,937 79,151 83,528 84,403
Sugarcane including
muscovado sugar-making in the farm 15,191 10,698 493 7,176 12,455 7,868 642 7,023 14,270 5,047 256 5,911 15,437 33,557 27,988 25,484
Banana 31,651 34,355 35,476 34,325 32,308 35,229 36,122 34,556 31,922 33,813 35,564 34,056 30,807 135,806 138,215 135,355
Mango 6,175 18,516 2,171 7,161 5,583 17,858 2,257 7,353 5,518 18,870 2,299 7,769 5,454 34,023 33,050 34,456
Pineapple 7,032 5,828 5,696 8,550 7,155 5,958 5,861 8,625 7,160 6,006 5,925 8,696 7,006 27,106 27,599 27,788
Coffee 2,485 661 608 2,420 2,281 628 611 2,435 2,128 589 609 2,529 2,134 6,175 5,956 5,855
Cassava 4,476 6,384 4,877 5,779 4,172 6,311 4,740 5,709 3,945 5,859 4,675 5,737 3,947 21,517 20,932 20,216
Rubber 882 2,842 2,249 3,187 925 2,892 2,400 3,282 894 3,036 2,319 3,491 895 9,160 9,499 9,740
Cacao 443 380 304 450 436 376 309 460 444 422 315 465 509 1,577 1,581 1,646
Abaca 506 433 345 510 493 424 348 518 501 476 356 525 472 1,795 1,784 1,858
Tobacco 396 337 267 392 376 322 264 392 380 361 270 399 378 1,393 1,354 1,410
Other agricultural crops, n.e.c. 25,524 21,852 17,440 25,823 25,037 21,611 17,758 26,435 25,534 24,209 18,085 26,682 25,417 90,639 90,842 94,510
Livestock 54,189 55,509 52,746 63,782 57,106 57,258 54,671 65,468 58,134 59,156 55,466 59,778 59,010 226,226 234,504 232,534
Poultry and egg production 41,175 35,610 36,378 48,270 43,582 36,985 38,088 51,344 45,833 38,522 41,335 54,185 47,432 161,433 169,999 179,875
Other animal production 12,144 11,569 11,325 14,200 12,618 11,962 12,388 16,843 16,518 16,459 17,131 20,801 16,914 49,238 53,810 70,909
Forestry and logging 639 812 680 215 641 966 963 314 708 980 1,074 267 786 2,346 2,884 3,028
Fishing and aquaculture 49,706 48,654 53,531 69,993 48,639 48,367 52,589 71,003 49,142 49,973 53,179 73,846 46,590 221,883 220,599 226,140
Support activities to agriculture, forestry and fishing 30,615 38,111 42,867 44,421 31,929 39,300 44,896 45,153 32,791 43,252 46,691 47,849 34,738 156,013 161,278 170,583

Gross Value Added in Agriculture,

Forestry, and Fishing 427,592 406,594 388,417 520,532 438,516 406,797 388,573 528,731 440,880 409,818 400,102 533,055 439,220 1,743,134 1,762,616 1,783,855
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 54
Unit: In Percent
As of May 2020

Table 9.3 Gross Value Added in Agriculture, Forestry, and Fishing, by Industry
Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Palay 15.8 10.2 12.3 8.2 -10.5 -22.5 -29.9 -21.5 -4.0 11.1 -20.6
Corn 27.5 20.4 2.1 16.1 0.5 -10.1 16.7 -23.9 -16.5 16.1 -3.1
Coconut including copra -8.6 -19.8 -25.4 -32.3 -31.0 -22.0 -16.9 -0.9 8.8 -21.7 -19.1
Sugarcane including
muscovado sugar-making in the farm -27.7 -4.0 65.9 22.7 39.6 -33.1 -74.2 -26.1 4.8 -7.9 -2.7
Banana 10.3 8.5 6.6 5.6 6.0 9.5 14.8 16.1 23.7 7.7 11.7
Mango 26.3 -13.1 -8.0 -16.6 -17.3 -10.4 8.0 21.3 11.5 -8.8 -3.3
Pineapple 3.9 5.7 13.6 14.2 18.5 0.6 6.7 12.2 28.5 10.8 10.4
Coffee -12.1 5.5 -5.4 2.3 -7.2 -11.4 -2.4 -4.0 -4.9 -3.0 -5.7
Cassava -7.6 10.0 1.2 -23.4 20.0 13.3 31.8 9.2 7.2 -10.1 17.3
Rubber -29.4 -3.4 0.5 -16.9 -15.3 11.6 -1.3 18.4 1.0 -10.9 6.9
Cacao 13.1 20.0 7.1 6.0 -12.3 5.1 -6.6 2.6 14.0 10.1 -3.2
Abaca 9.8 15.4 2.6 2.4 -13.8 4.7 -6.1 3.6 17.8 6.2 -3.2
Tobacco 3.7 7.5 -4.7 -3.4 -15.5 5.5 -3.5 6.9 0.9 -0.3 -1.8
Other agricultural crops, n.e.c. 12.8 19.1 6.1 5.6 -11.7 6.5 -5.0 4.3 29.6 9.5 -1.8
Livestock 13.8 12.5 14.9 16.0 10.8 7.7 2.8 -11.0 -7.1 14.3 1.9
Poultry and egg production 2.0 -4.9 7.1 -7.6 -7.3 -3.6 11.5 24.1 29.2 -1.4 6.3
Other animal production 19.5 14.8 18.8 8.8 0.4 -2.7 -0.8 -2.4 10.7 15.0 -1.4
Forestry and logging -14.5 -12.6 3.7 25.1 -5.9 -10.7 -5.1 -22.0 -22.0 -4.8 -9.0
Fishing and aquaculture -1.1 -3.2 0.7 0.5 3.4 8.2 1.0 10.2 9.5 -0.7 5.6
Support activities to agriculture, forestry and fishing 8.6 2.2 2.6 0.7 0.2 12.2 12.3 3.4 11.8 3.1 6.8

Gross Value Added in Agriculture,

Forestry, and Fishing 7.5 3.8 3.9 3.3 -2.0 -2.6 -1.3 -3.1 7.0 4.5 -2.3
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 55
Unit: In Percent
As of May 2020

Table 9.4 Gross Value Added in Agriculture, Forestry, and Fishing, by Industry
Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Palay 5.2 -1.7 -5.6 -3.4 -7.7 -10.0 -9.3 -0.6 -1.9 -1.4 -5.9
Corn 5.4 -3.7 -14.2 11.0 -1.8 -8.3 24.0 -7.3 -2.5 -1.5 3.3
Coconut including copra 8.5 3.6 5.3 3.4 0.4 -0.3 0.8 3.0 -4.9 5.5 1.0
Sugarcane including
muscovado sugar-making in the farm -18.0 -26.4 30.2 -2.1 14.6 -35.9 -60.1 -15.8 8.2 -16.6 -8.9
Banana 2.1 2.5 1.8 0.7 -1.2 -4.0 -1.5 -1.4 -3.5 1.8 -2.1
Mango -9.6 -3.6 4.0 2.7 -1.2 5.7 1.9 5.7 -1.2 -2.9 4.3
Pineapple 1.8 2.2 2.9 0.9 0.1 0.8 1.1 0.8 -2.2 1.8 0.7
Coffee -8.2 -5.0 0.5 0.6 -6.7 -6.2 -0.3 3.9 0.3 -3.5 -1.7
Cassava -6.8 -1.2 -2.8 -1.2 -5.4 -7.2 -1.4 0.5 0.0 -2.7 -3.4
Rubber 4.8 1.8 6.8 3.0 -3.3 5.0 -3.4 6.4 0.0 3.7 2.5
Cacao -1.6 -1.1 1.7 2.2 2.0 12.1 2.0 1.1 14.5 0.2 4.1
Abaca -2.6 -2.0 0.9 1.6 1.7 12.1 2.1 1.2 -5.9 -0.6 4.1
Tobacco -5.1 -4.5 -1.3 0.0 1.1 12.0 2.4 1.7 -0.6 -2.8 4.1
Other agricultural crops, n.e.c. -1.9 -1.1 1.8 2.4 2.0 12.0 1.8 0.9 -0.5 0.2 4.0
Livestock 5.4 3.2 3.6 2.6 1.8 3.3 1.5 -8.7 1.5 3.7 -0.8
Poultry and egg production 5.8 3.9 4.7 6.4 5.2 4.2 8.5 5.5 3.5 5.3 5.8
Other animal production 3.9 3.4 9.4 18.6 30.9 37.6 38.3 23.5 2.4 9.3 31.8
Forestry and logging 0.4 18.9 41.5 46.0 10.4 1.4 11.5 -15.0 11.0 22.9 5.0
Fishing and aquaculture -2.1 -0.6 -1.8 1.4 1.0 3.3 1.1 4.0 -5.2 -0.6 2.5
Support activities to agriculture, forestry and fishing 4.3 3.1 4.7 1.6 2.7 10.1 4.0 6.0 5.9 3.4 5.8

Gross Value Added in Agriculture,

Forestry, and Fishing 2.6 0.0 0.0 1.6 0.5 0.7 3.0 0.8 -0.4 1.1 1.2
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 56
As of May 2020

Table 9.5 Gross Value Added in Agriculture, Forestry, and Fishing, by Industry
Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Palay 86.0 89.7 86.1 91.3 94.6 100.5 102.4 102.3 91.7 86.5 79.1 80.8 89.8 88.8 100.0 84.4
Corn 82.5 85.4 75.9 103.1 99.8 106.7 90.2 107.8 102.2 104.6 84.9 88.5 87.5 84.9 100.0 93.9
Coconut including copra 102.5 153.4 193.5 103.2 86.3 118.7 137.1 67.6 59.4 92.8 113.0 65.0 68.0 134.8 100.0 80.1
Sugarcane including
muscovado sugar-making in the farm 103.6 58.0 128.2 109.1 91.4 75.6 163.3 136.7 111.4 78.9 105.4 120.0 107.9 90.6 100.0 106.9
Banana 91.5 96.1 92.4 97.9 98.9 101.7 96.8 102.7 106.1 116.0 112.9 121.0 136.0 94.5 100.0 114.1
Mango 71.6 111.0 113.0 123.1 100.0 100.0 100.0 100.0 83.7 84.8 106.1 114.8 94.4 106.5 100.0 92.8
Pineapple 68.7 65.5 100.5 123.3 70.1 67.7 111.0 139.6 83.1 67.6 117.0 155.4 109.0 91.9 100.0 109.6
Coffee 84.9 99.8 95.7 115.3 81.3 110.8 90.2 117.2 80.8 104.8 88.3 108.4 76.6 99.5 100.0 95.9
Cassava 68.1 61.5 109.3 189.8 67.5 68.5 113.8 147.1 85.7 83.6 152.1 159.9 91.8 108.2 100.0 121.5
Rubber 185.5 103.0 113.7 111.2 125.0 97.7 107.1 89.8 109.4 103.9 109.4 99.9 110.4 116.4 100.0 104.3
Cacao 76.4 58.4 134.7 103.4 87.8 70.8 141.8 107.3 75.5 66.4 129.9 108.9 75.2 91.0 100.0 93.0
Abaca 78.8 60.3 138.8 105.9 88.8 71.0 141.2 106.7 75.3 66.3 130.0 109.1 94.2 93.6 100.0 93.0
Tobacco 82.6 63.2 145.2 109.7 90.3 71.2 140.3 106.0 75.5 67.0 132.1 111.3 76.6 97.5 100.0 94.3
Other agricultural crops, n.e.c. 76.5 58.7 135.8 104.2 88.0 70.7 141.6 107.4 76.1 67.2 132.0 111.0 99.1 91.5 100.0 94.4
Livestock 87.0 92.7 91.6 91.2 94.0 101.1 101.5 103.1 102.3 105.5 102.8 100.4 93.6 90.7 100.0 102.7
Poultry and egg production 117.3 109.2 94.0 105.8 113.0 100.0 96.1 91.9 99.6 92.5 98.8 108.1 124.4 106.8 100.0 100.4
Other animal production 93.3 95.9 91.8 98.4 107.2 106.4 99.7 90.2 82.3 75.3 71.5 71.3 89.0 95.0 100.0 74.8
Forestry and logging 122.4 129.8 138.0 119.4 104.2 95.4 101.1 102.3 88.9 84.0 86.0 93.9 62.4 129.2 100.0 86.7
Fishing and aquaculture 105.0 106.1 112.9 82.7 106.1 103.3 115.8 81.9 108.5 108.1 115.6 86.8 125.3 100.1 100.0 103.0
Support activities to agriculture, forestry and fishing 102.6 112.6 69.0 118.3 106.8 111.6 67.6 117.3 104.3 113.8 73.0 114.4 110.1 100.3 100.0 101.0

Gross Value Added in Agriculture,

Forestry, and Fishing 93.5 96.3 98.3 98.5 98.0 99.9 102.1 100.2 95.5 96.6 97.9 96.3 102.6 96.7 100.0 96.5
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 57
Unit: In Percent
As of May 2020

Table 9.6 Gross Value Added in Agriculture, Forestry, and Fishing, by Industry
Q1 2017 to Q1 2020
Percent Share, at Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Palay 19.3 19.3 15.3 25.6 20.8 20.5 16.6 26.8 19.0 16.3 11.8 21.7 17.0 20.3 21.6 17.5
Corn 6.1 3.6 6.4 3.9 7.3 4.2 6.3 4.4 7.5 3.9 7.5 3.5 5.8 5.0 5.5 5.5
Coconut including copra 6.4 5.1 10.4 4.1 5.5 4.0 7.5 2.7 3.8 3.2 6.3 2.8 3.9 6.3 4.7 3.9
Sugarcane including
muscovado sugar-making in the farm 3.9 1.6 0.2 1.5 2.6 1.5 0.3 1.8 3.8 1.0 0.1 1.4 3.7 1.8 1.6 1.6
Banana 7.2 8.4 8.6 6.6 7.4 8.8 8.8 6.7 8.0 9.9 10.2 8.0 9.3 7.6 7.8 9.0
Mango 1.1 5.2 0.6 1.7 1.3 4.4 0.6 1.4 1.1 4.0 0.6 1.7 1.1 2.1 1.9 1.9
Pineapple 1.2 1.0 1.5 2.1 1.2 1.0 1.6 2.3 1.4 1.0 1.8 2.6 1.7 1.5 1.6 1.8
Coffee 0.5 0.2 0.2 0.5 0.4 0.2 0.1 0.5 0.4 0.2 0.1 0.5 0.4 0.4 0.3 0.3
Cassava 0.8 1.0 1.4 2.1 0.7 1.1 1.4 1.6 0.8 1.2 1.8 1.8 0.8 1.4 1.2 1.4
Rubber 0.4 0.7 0.7 0.7 0.3 0.7 0.6 0.6 0.2 0.8 0.6 0.7 0.2 0.6 0.5 0.6
Cacao 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Abaca 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Tobacco 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Other agricultural crops, n.e.c. 4.9 3.3 6.2 5.2 5.1 3.8 6.3 5.4 4.6 4.1 6.1 5.8 5.6 4.9 5.2 5.2
Livestock 11.8 13.1 12.6 11.3 12.5 14.2 14.0 12.7 14.1 15.8 14.6 11.7 12.2 12.2 13.3 13.9
Poultry and egg production 12.1 9.9 9.0 10.0 11.5 9.1 9.2 8.9 10.8 9.0 10.4 11.4 13.1 10.2 9.6 10.5
Other animal production 2.8 2.8 2.7 2.7 3.1 3.1 3.1 2.9 3.2 3.1 3.1 2.9 3.3 2.8 3.1 3.1
Forestry and logging 0.2 0.3 0.2 0.1 0.2 0.2 0.2 0.1 0.1 0.2 0.2 0.0 0.1 0.2 0.2 0.2
Fishing and aquaculture 13.1 13.2 15.8 11.3 12.0 12.3 15.3 11.0 12.7 13.6 15.7 12.5 13.0 13.2 12.5 13.5
Support activities to agriculture, forestry and fishing 7.9 11.0 7.7 10.2 7.9 10.8 7.6 10.0 8.1 12.4 8.7 10.7 8.5 9.3 9.1 10.0

Gross Value Added in Agriculture,

Forestry, and Fishing 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 58
Unit: In Percent
As of May 2020

Table 9.7 Gross Value Added in Agriculture, Forestry, and Fishing, by Industry
Q1 2017 to Q1 2020
Percent Share, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Palay 21.0 20.7 17.5 27.6 21.5 20.4 16.5 26.3 19.7 18.2 14.6 25.9 19.4 22.1 21.6 20.1
Corn 6.9 4.1 8.3 3.8 7.1 4.0 7.2 4.1 7.0 3.6 8.6 3.8 6.8 5.6 5.5 5.6
Coconut including copra 5.9 3.2 5.3 3.9 6.2 3.3 5.6 4.0 6.2 3.3 5.5 4.1 5.9 4.5 4.7 4.7
Sugarcane including
muscovado sugar-making in the farm 3.6 2.6 0.1 1.4 2.8 1.9 0.2 1.3 3.2 1.2 0.1 1.1 3.5 1.9 1.6 1.4
Banana 7.4 8.4 9.1 6.6 7.4 8.7 9.3 6.5 7.2 8.3 8.9 6.4 7.0 7.8 7.8 7.6
Mango 1.4 4.6 0.6 1.4 1.3 4.4 0.6 1.4 1.3 4.6 0.6 1.5 1.2 2.0 1.9 1.9
Pineapple 1.6 1.4 1.5 1.6 1.6 1.5 1.5 1.6 1.6 1.5 1.5 1.6 1.6 1.6 1.6 1.6
Coffee 0.6 0.2 0.2 0.5 0.5 0.2 0.2 0.5 0.5 0.1 0.2 0.5 0.5 0.4 0.3 0.3
Cassava 1.0 1.6 1.3 1.1 1.0 1.6 1.2 1.1 0.9 1.4 1.2 1.1 0.9 1.2 1.2 1.1
Rubber 0.2 0.7 0.6 0.6 0.2 0.7 0.6 0.6 0.2 0.7 0.6 0.7 0.2 0.5 0.5 0.5
Cacao 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Abaca 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Tobacco 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Other agricultural crops, n.e.c. 6.0 5.4 4.5 5.0 5.7 5.3 4.6 5.0 5.8 5.9 4.5 5.0 5.8 5.2 5.2 5.3
Livestock 12.7 13.7 13.6 12.3 13.0 14.1 14.1 12.4 13.2 14.4 13.9 11.2 13.4 13.0 13.3 13.0
Poultry and egg production 9.6 8.8 9.4 9.3 9.9 9.1 9.8 9.7 10.4 9.4 10.3 10.2 10.8 9.3 9.6 10.1
Other animal production 2.8 2.8 2.9 2.7 2.9 2.9 3.2 3.2 3.7 4.0 4.3 3.9 3.9 2.8 3.1 4.0
Forestry and logging 0.1 0.2 0.2 0.0 0.1 0.2 0.2 0.1 0.2 0.2 0.3 0.1 0.2 0.1 0.2 0.2
Fishing and aquaculture 11.6 12.0 13.8 13.4 11.1 11.9 13.5 13.4 11.1 12.2 13.3 13.9 10.6 12.7 12.5 12.7
Support activities to agriculture, forestry and fishing 7.2 9.4 11.0 8.5 7.3 9.7 11.6 8.5 7.4 10.6 11.7 9.0 7.9 9.0 9.1 9.6

Gross Value Added in Agriculture,

Forestry, and Fishing 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 59
Unit: In million Philippine pesos
As of May 2020

Table 10.1 Gross Value Added in Mining and Quarrying, by Industry

Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Mining of coal 3,784 5,406 7,639 2,501 5,149 6,630 5,872 3,414 4,455 6,211 4,287 2,132 2,807 19,330 21,065 17,085
Extraction of crude petroleum and natural gas 6,677 8,528 7,445 9,734 9,643 9,979 8,313 10,780 10,099 10,823 7,010 9,370 4,995 32,383 38,716 37,302
Mining of gold and other precious metal ores 7,292 6,477 6,180 6,364 6,481 6,826 6,247 5,516 7,145 7,246 6,866 5,325 6,683 26,314 25,071 26,581
Mining of nickel ores 3,317 7,678 3,969 1,261 3,927 7,130 5,720 962 4,360 7,939 6,082 2,382 3,630 16,224 17,740 20,763
Mining of copper ores 2,586 2,255 2,662 3,299 2,731 2,679 2,632 3,066 2,670 2,572 2,366 2,532 1,413 10,802 11,108 10,140
Stone quarrying, and other mining and quarrying 10,812 8,547 11,575 12,106 13,012 10,295 11,525 14,791 13,754 10,359 10,421 15,420 13,338 43,040 49,623 49,954

Gross Value Added in Mining

and Quarrying 34,468 38,890 39,470 35,265 40,944 43,539 40,310 38,530 42,484 45,149 37,032 37,161 32,865 148,094 163,322 161,826
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In million Philippine pesos
As of May 2020

Table 10.2 Gross Value Added in Mining and Quarrying, by Industry

Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Mining of coal 5,989 6,720 4,200 4,650 6,739 5,867 2,504 5,954 6,626 8,198 3,375 5,720 5,835 21,559 21,065 23,918
Extraction of crude petroleum and natural gas 5,497 17,797 5,492 7,910 7,459 18,007 5,166 8,084 7,772 20,076 4,818 7,587 5,585 36,696 38,716 40,253
Mining of gold and other precious metal ores 7,586 6,474 5,419 6,392 6,338 6,824 5,992 5,917 7,129 7,135 5,318 4,638 4,706 25,871 25,071 24,220
Mining of nickel ores 3,256 9,261 4,854 1,147 3,023 7,998 5,791 928 3,775 9,541 5,434 1,765 2,955 18,518 17,740 20,515
Mining of copper ores 6,881 1,352 1,830 1,466 6,305 1,375 1,927 1,501 6,496 1,373 1,681 1,209 4,057 11,529 11,108 10,759
Stone quarrying, and other mining and quarrying 12,413 9,408 8,645 15,427 14,050 9,693 8,583 17,297 13,594 10,495 8,284 17,182 12,110 45,893 49,623 49,556

Gross Value Added in Mining

and Quarrying 41,621 51,012 30,440 36,992 43,913 49,764 29,964 39,681 45,392 56,818 28,909 38,102 35,249 160,065 163,322 169,221
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 60
Unit: In Percent
As of May 2020

Table 10.3 Gross Value Added in Mining and Quarrying, by Industry

Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 20182018 - 2019

Mining of coal 36.1 22.6 -23.1 36.5 -13.5 -6.3 -27.0 -37.5 -37.0 9.0 -18.9
Extraction of crude petroleum and natural gas 44.4 17.0 11.7 10.7 4.7 8.5 -15.7 -13.1 -50.5 19.6 -3.7
Mining of gold and other precious metal ores -11.1 5.4 1.1 -13.3 10.2 6.1 9.9 -3.5 -6.5 -4.7 6.0
Mining of nickel ores 18.4 -7.1 44.1 -23.7 11.0 11.3 6.3 147.6 -16.8 9.3 17.0
Mining of copper ores 5.6 18.8 -1.1 -7.0 -2.2 -4.0 -10.1 -17.4 -47.1 2.8 -8.7
Stone quarrying, and other mining and quarrying 20.3 20.5 -0.4 22.2 5.7 0.6 -9.6 4.3 -3.0 15.3 0.7

Gross Value Added in Mining

and Quarrying 18.8 12.0 2.1 9.3 3.8 3.7 -8.1 -3.6 -22.6 10.3 -0.9
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 10.4 Gross Value Added in Mining and Quarrying, by Industry

Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 20182018 - 2019

Mining of coal 12.5 -12.7 -40.4 28.1 -1.7 39.7 34.8 -3.9 -11.9 -2.3 13.5
Extraction of crude petroleum and natural gas 35.7 1.2 -5.9 2.2 4.2 11.5 -6.7 -6.1 -28.1 5.5 4.0
Mining of gold and other precious metal ores -16.4 5.4 10.6 -7.4 12.5 4.6 -11.2 -21.6 -34.0 -3.1 -3.4
Mining of nickel ores -7.2 -13.6 19.3 -19.1 24.9 19.3 -6.2 90.3 -21.7 -4.2 15.6
Mining of copper ores -8.4 1.7 5.3 2.4 3.0 -0.1 -12.8 -19.5 -37.5 -3.7 -3.1
Stone quarrying, and other mining and quarrying 13.2 3.0 -0.7 12.1 -3.2 8.3 -3.5 -0.7 -10.9 8.1 -0.1

Gross Value Added in Mining

and Quarrying 5.5 -2.4 -1.6 7.3 3.4 14.2 -3.5 -4.0 -22.3 2.0 3.6
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 61
As of May 2020

Table 10.5 Gross Value Added in Mining and Quarrying, by Industry

Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Mining of coal 63.2 80.4 181.9 53.8 76.4 113.0 234.5 57.3 67.2 75.8 127.0 37.3 48.1 89.7 100.0 71.4
Extraction of crude petroleum and natural gas 121.5 47.9 135.6 123.1 129.3 55.4 160.9 133.4 129.9 53.9 145.5 123.5 89.4 88.2 100.0 92.7
Mining of gold and other precious metal ores 96.1 100.0 114.0 99.6 102.3 100.0 104.3 93.2 100.2 101.6 129.1 114.8 142.0 101.7 100.0 109.7
Mining of nickel ores 101.9 82.9 81.8 109.9 129.9 89.1 98.8 103.7 115.5 83.2 111.9 134.9 122.8 87.6 100.0 101.2
Mining of copper ores 37.6 166.8 145.5 225.0 43.3 194.8 136.6 204.2 41.1 187.4 140.8 209.4 34.8 93.7 100.0 94.3
Stone quarrying, and other mining and quarrying 87.1 90.9 133.9 78.5 92.6 106.2 134.3 85.5 101.2 98.7 125.8 89.7 110.1 93.8 100.0 100.8

Gross Value Added in Mining

and Quarrying 82.8 76.2 129.7 95.3 93.2 87.5 134.5 97.1 93.6 79.5 128.1 97.5 93.2 92.5 100.0 95.6
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 62
Unit: In Percent
As of May 2020

Table 10.6 Gross Value Added in Mining and Quarrying, by Industry

Q1 2017 to Q1 2020
Percent Share, at Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Mining of coal 11.0 13.9 19.4 7.1 12.6 15.2 14.6 8.9 10.5 13.8 11.6 5.7 8.5 13.1 12.9 10.6
Extraction of crude petroleum and natural gas 19.4 21.9 18.9 27.6 23.6 22.9 20.6 28.0 23.8 24.0 18.9 25.2 15.2 21.9 23.7 23.1
Mining of gold and other precious metal ores 21.2 16.7 15.7 18.0 15.8 15.7 15.5 14.3 16.8 16.0 18.5 14.3 20.3 17.8 15.4 16.4
Mining of nickel ores 9.6 19.7 10.1 3.6 9.6 16.4 14.2 2.5 10.3 17.6 16.4 6.4 11.0 11.0 10.9 12.8
Mining of copper ores 7.5 5.8 6.7 9.4 6.7 6.2 6.5 8.0 6.3 5.7 6.4 6.8 4.3 7.3 6.8 6.3
Stone quarrying, and other mining and quarrying 31.4 22.0 29.3 34.3 31.8 23.6 28.6 38.4 32.4 22.9 28.1 41.5 40.6 29.1 30.4 30.9

Gross Value Added in Mining

and Quarrying 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 10.7 Gross Value Added in Mining and Quarrying, by Industry

Q1 2017 to Q1 2020
Percent Share, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Mining of coal 14.4 13.2 13.8 12.6 15.3 11.8 8.4 15.0 14.6 14.4 11.7 15.0 16.6 13.5 12.9 14.1
Extraction of crude petroleum and natural gas 13.2 34.9 18.0 21.4 17.0 36.2 17.2 20.4 17.1 35.3 16.7 19.9 15.8 22.9 23.7 23.8
Mining of gold and other precious metal ores 18.2 12.7 17.8 17.3 14.4 13.7 20.0 14.9 15.7 12.6 18.4 12.2 13.4 16.2 15.4 14.3
Mining of nickel ores 7.8 18.2 15.9 3.1 6.9 16.1 19.3 2.3 8.3 16.8 18.8 4.6 8.4 11.6 10.9 12.1
Mining of copper ores 16.5 2.7 6.0 4.0 14.4 2.8 6.4 3.8 14.3 2.4 5.8 3.2 11.5 7.2 6.8 6.4
Stone quarrying, and other mining and quarrying 29.8 18.4 28.4 41.7 32.0 19.5 28.6 43.6 29.9 18.5 28.7 45.1 34.4 28.7 30.4 29.3

Gross Value Added in Mining

and Quarrying 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 63
Unit: In million Philippine pesos
As of May 2020

Table 11.1 Gross Value Added in Manufacturing, by Industry

Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Manufacture of food products 407,937 358,055 272,484 528,032 426,016 372,756 251,630 556,033 460,073 387,686 261,287 606,383 435,574 1,566,508 1,606,435 1,715,428
Manufacture of beverages 20,680 26,778 43,087 42,822 23,746 32,374 51,482 49,463 26,391 35,506 55,787 50,904 26,555 133,367 157,065 168,588
Manufacture of tobacco products 2,880 2,834 6,982 4,260 3,104 3,438 7,887 5,021 3,324 3,249 11,809 5,432 2,677 16,956 19,450 23,814
Manufacture of textiles 8,430 13,697 11,137 14,145 8,173 13,858 10,997 14,666 9,004 14,691 11,963 14,997 7,109 47,409 47,695 50,656
Manufacture of wearing apparel 16,132 19,002 21,534 14,599 15,436 18,823 20,977 15,150 16,642 20,115 21,855 15,656 13,645 71,267 70,386 74,269

Manufacture of leather and related products, including

footwear 2,875 2,095 3,535 6,816 2,918 1,955 3,410 6,471 3,005 2,098 3,619 6,462 2,013 15,320 14,755 15,184
Manufacture of wood, bamboo, cane, rattan articles and
related products 4,048 7,657 4,144 11,567 4,631 7,741 4,391 12,000 5,383 8,918 5,255 13,311 4,468 27,416 28,763 32,867
Manufacture of paper and paper products 4,789 5,673 7,008 4,895 5,740 6,455 8,466 5,842 6,253 6,267 8,321 5,335 5,757 22,364 26,504 26,176
Printing and reproduction of recorded media 6,499 5,987 4,512 11,505 6,828 6,799 4,435 10,122 8,103 7,767 5,001 10,415 10,299 28,503 28,183 31,287
Manufacture of coke and refined petroleum products 31,671 30,235 36,028 51,358 37,507 41,563 57,128 71,173 33,616 38,343 37,127 49,926 31,548 149,292 207,370 159,011
Manufacture of chemical and chemical products 49,936 61,646 86,054 113,368 53,360 69,669 113,059 122,637 58,133 66,248 100,075 154,580 51,347 311,005 358,724 379,036
Manufacture of basic pharmaceutical products and
pharmaceutical preparations 5,906 7,266 10,062 13,070 5,368 6,888 11,034 11,894 5,983 6,822 10,311 15,934 7,435 36,304 35,184 39,050
Manufacture of rubber and plastic products 6,828 9,158 11,411 7,691 6,922 10,170 13,050 8,984 7,914 10,732 13,894 9,035 8,270 35,087 39,126 41,575
Manufacture of other non-metallic mineral products 11,601 18,654 20,033 23,735 13,580 21,487 22,962 29,657 15,281 22,450 24,784 28,446 12,159 74,024 87,686 90,960
Manufacture of basic metals 19,283 10,496 23,411 17,305 20,584 11,258 25,609 14,650 22,793 11,849 26,676 10,565 16,930 70,495 72,101 71,883
Manufacture of fabricated metal products, except machinery
and equipment 4,222 10,912 4,607 10,019 4,178 10,879 5,156 10,833 4,485 10,807 5,360 10,739 3,564 29,760 31,046 31,390
Manufacture of computer, electronic and optical products 103,135 85,070 96,488 69,500 122,749 96,363 107,306 77,576 124,433 94,471 101,458 69,486 106,874 354,193 403,994 389,848
Manufacture of electrical equipment 10,833 13,671 9,371 10,466 12,064 15,607 10,614 12,934 13,753 17,775 11,891 13,376 10,630 44,341 51,218 56,795
Manufacture of machinery and equipment except electrical 10,450 8,665 10,171 10,053 11,079 9,155 10,093 10,864 11,803 9,264 12,437 11,720 9,167 39,339 41,190 45,225
Manufacture of transport equipment 15,757 12,198 20,732 22,060 14,956 12,615 22,302 23,744 16,253 12,595 21,481 18,509 9,710 70,748 73,617 68,838
Manufacture of furniture 4,747 4,155 4,161 8,343 4,550 3,810 3,821 8,180 4,644 4,132 4,519 9,134 5,869 21,406 20,361 22,429
Other manufacturing 20,012 15,197 12,775 15,493 20,322 15,806 13,858 17,489 21,686 14,880 14,311 18,180 21,291 63,476 67,476 69,058

Gross Value Added in Manufacturing 768,653 729,101 719,727 1,011,100 823,811 789,469 779,668 1,095,383 878,958 806,663 769,222 1,148,524 802,890 3,228,580 3,488,331 3,603,368
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 64
Unit: In million Philippine pesos
As of May 2020

Table 11.2 Gross Value Added in Manufacturing, by Industry

Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Manufacture of food products 401,032 409,310 268,706 484,198 423,025 438,768 251,246 493,395 451,015 443,736 249,144 501,101 453,779 1,563,246 1,606,435 1,644,996
Manufacture of beverages 24,910 33,313 46,665 47,562 26,203 34,830 48,161 47,872 28,535 37,522 51,329 48,757 26,207 152,451 157,065 166,143
Manufacture of tobacco products 4,843 4,785 9,211 3,446 4,238 4,355 7,614 3,244 4,182 3,827 10,832 3,491 3,011 22,285 19,450 22,332
Manufacture of textiles 8,759 14,503 10,513 12,990 8,662 14,954 10,531 13,548 9,485 16,045 11,568 13,561 7,813 46,764 47,695 50,659
Manufacture of wearing apparel 15,547 19,653 20,285 14,649 15,486 19,874 19,969 15,058 17,226 22,773 22,742 16,361 17,422 70,134 70,386 79,101

Manufacture of leather and related products, including

footwear 3,106 1,685 2,922 6,354 3,573 1,690 3,033 6,458 3,716 1,939 3,399 6,454 3,149 14,068 14,755 15,507
Manufacture of wood, bamboo, cane, rattan articles and
related products 3,731 7,231 3,770 10,612 4,485 7,897 4,321 12,060 5,646 9,759 5,650 13,471 5,782 25,344 28,763 34,525
Manufacture of paper and paper products 4,467 6,418 7,107 4,903 5,319 7,244 8,302 5,639 5,682 7,065 8,512 5,549 5,557 22,895 26,504 26,808
Printing and reproduction of recorded media 7,566 6,509 4,811 10,891 7,923 6,955 4,370 8,935 9,308 8,240 5,229 9,703 10,575 29,776 28,183 32,479
Manufacture of coke and refined petroleum products 37,318 41,554 40,890 56,653 38,329 47,249 53,300 68,492 34,709 46,023 38,792 55,290 22,394 176,415 207,370 174,814
Manufacture of chemical and chemical products 67,429 66,125 88,165 101,291 71,176 72,598 110,005 104,946 81,407 75,471 110,648 149,140 84,539 323,010 358,724 416,666
Manufacture of basic pharmaceutical products and
pharmaceutical preparations 6,021 8,298 11,406 12,268 5,499 7,273 11,458 10,955 6,614 8,769 13,765 18,029 8,309 37,993 35,184 47,177
Manufacture of rubber and plastic products 7,154 9,067 10,634 7,185 7,047 10,396 13,503 8,179 7,740 10,491 14,115 8,467 7,529 34,040 39,126 40,814
Manufacture of other non-metallic mineral products 10,367 22,165 23,838 21,991 12,833 24,991 25,022 24,840 14,266 25,601 26,160 22,565 11,976 78,361 87,686 88,592
Manufacture of basic metals 27,117 15,721 20,745 12,065 24,259 15,404 22,296 10,142 27,342 18,485 27,275 8,827 22,189 75,649 72,101 81,929
Manufacture of fabricated metal products, except machinery
and equipment 3,697 12,688 4,226 8,631 4,277 13,084 5,006 8,679 4,599 13,517 5,612 9,254 5,139 29,242 31,046 32,982
Manufacture of computer, electronic and optical products 118,900 93,059 94,283 67,639 140,824 100,191 95,751 67,229 134,024 95,925 92,515 64,350 124,013 373,881 403,994 386,814
Manufacture of electrical equipment 10,739 16,409 10,317 10,540 11,221 17,411 10,659 11,927 12,637 19,998 12,595 13,080 11,081 48,005 51,218 58,311
Manufacture of machinery and equipment except electrical 11,128 8,460 10,268 9,253 11,965 9,255 10,277 9,693 12,453 8,970 12,426 10,460 9,999 39,109 41,190 44,309
Manufacture of transport equipment 16,028 13,985 20,321 20,678 15,453 14,521 21,803 21,840 15,883 14,786 21,048 17,897 14,120 71,012 73,617 69,614
Manufacture of furniture 4,538 4,128 3,785 6,723 4,554 4,045 4,123 7,640 3,207 3,162 3,918 6,435 2,769 19,175 20,361 16,722
Other manufacturing 18,860 18,501 13,501 13,923 19,052 18,586 14,440 15,398 20,910 17,728 14,731 15,521 20,193 64,786 67,476 68,890

Gross Value Added in Manufacturing 813,258 833,566 726,370 944,447 865,404 891,570 755,189 976,168 910,586 909,831 762,006 1,017,760 877,544 3,317,641 3,488,331 3,600,183
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 65
Unit: In Percent
As of May 2020

Table 11.3 Gross Value Added in Manufacturing, by Industry

Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2018 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Manufacture of food products 4.4 4.1 -7.7 5.3 8.0 4.0 3.8 9.1 -5.3 2.5 6.8
Manufacture of beverages 14.8 20.9 19.5 15.5 11.1 9.7 8.4 2.9 0.6 17.8 7.3
Manufacture of tobacco products 7.8 21.3 13.0 17.9 7.1 -5.5 49.7 8.2 -19.5 14.7 22.4
Manufacture of textiles -3.0 1.2 -1.3 3.7 10.2 6.0 8.8 2.3 -21.0 0.6 6.2
Manufacture of wearing apparel -4.3 -0.9 -2.6 3.8 7.8 6.9 4.2 3.3 -18.0 -1.2 5.5

Manufacture of leather and related products, including

footwear 1.5 -6.7 -3.5 -5.1 3.0 7.3 6.1 -0.1 -33.0 -3.7 2.9
Manufacture of wood, bamboo, cane, rattan articles and
related products 14.4 1.1 6.0 3.7 16.2 15.2 19.7 10.9 -17.0 4.9 14.3
Manufacture of paper and paper products 19.9 13.8 20.8 19.4 8.9 -2.9 -1.7 -8.7 -7.9 18.5 -1.2
Printing and reproduction of recorded media 5.1 13.6 -1.7 -12.0 18.7 14.2 12.8 2.9 27.1 -1.1 11.0
Manufacture of coke and refined petroleum products 18.4 37.5 58.6 38.6 -10.4 -7.7 -35.0 -29.9 -6.2 38.9 -23.3
Manufacture of chemical and chemical products 6.9 13.0 31.4 8.2 8.9 -4.9 -11.5 26.0 -11.7 15.3 5.7
Manufacture of basic pharmaceutical products and
pharmaceutical preparations -9.1 -5.2 9.7 -9.0 11.5 -1.0 -6.6 34.0 24.3 -3.1 11.0
Manufacture of rubber and plastic products 1.4 11.1 14.4 16.8 14.3 5.5 6.5 0.6 4.5 11.5 6.3
Manufacture of other non-metallic mineral products 17.1 15.2 14.6 25.0 12.5 4.5 7.9 -4.1 -20.4 18.5 3.7
Manufacture of basic metals 6.7 7.3 9.4 -15.3 10.7 5.2 4.2 -27.9 -25.7 2.3 -0.3
Manufacture of fabricated metal products, except machinery
and equipment -1.0 -0.3 11.9 8.1 7.3 -0.7 3.9 -0.9 -20.5 4.3 1.1
Manufacture of computer, electronic and optical products 19.0 13.3 11.2 11.6 1.4 -2.0 -5.4 -10.4 -14.1 14.1 -3.5
Manufacture of electrical equipment 11.4 14.2 13.3 23.6 14.0 13.9 12.0 3.4 -22.7 15.5 10.9
Manufacture of machinery and equipment except electrical 6.0 5.7 -0.8 8.1 6.5 1.2 23.2 7.9 -22.3 4.7 9.8
Manufacture of transport equipment -5.1 3.4 7.6 7.6 8.7 -0.2 -3.7 -22.0 -40.3 4.1 -6.5
Manufacture of furniture -4.2 -8.3 -8.2 -1.9 2.1 8.4 18.3 11.7 26.4 -4.9 10.2
Other manufacturing 1.5 4.0 8.5 12.9 6.7 -5.9 3.3 4.0 -1.8 6.3 2.3

Gross Value Added in Manufacturing 7.2 8.3 8.3 8.3 6.7 2.2 -1.3 4.9 -8.7 8.0 3.3
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 66
Unit: In Percent
As of May 2020

Table 11.4 Gross Value Added in Manufacturing, by Industry

Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2018 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Manufacture of food products 5.5 7.2 -6.5 1.9 6.6 1.1 -0.8 1.6 0.6 2.8 2.4
Manufacture of beverages 5.2 4.6 3.2 0.7 8.9 7.7 6.6 1.8 -8.2 3.0 5.8
Manufacture of tobacco products -12.5 -9.0 -17.3 -5.9 -1.3 -12.1 42.3 7.6 -28.0 -12.7 14.8
Manufacture of textiles -1.1 3.1 0.2 4.3 9.5 7.3 9.8 0.1 -17.6 2.0 6.2
Manufacture of wearing apparel -0.4 1.1 -1.6 2.8 11.2 14.6 13.9 8.7 1.1 0.4 12.4

Manufacture of leather and related products, including

footwear 15.0 0.3 3.8 1.6 4.0 14.7 12.1 -0.1 -15.2 4.9 5.1
Manufacture of wood, bamboo, cane, rattan articles and
related products 20.2 9.2 14.6 13.6 25.9 23.6 30.8 11.7 2.4 13.5 20.0
Manufacture of paper and paper products 19.1 12.9 16.8 15.0 6.8 -2.5 2.5 -1.6 -2.2 15.8 1.2
Printing and reproduction of recorded media 4.7 6.9 -9.2 -18.0 17.5 18.5 19.6 8.6 13.6 -5.3 15.2
Manufacture of coke and refined petroleum products 2.7 13.7 30.3 20.9 -9.4 -2.6 -27.2 -19.3 -35.5 17.5 -15.7
Manufacture of chemical and chemical products 5.6 9.8 24.8 3.6 14.4 4.0 0.6 42.1 3.8 11.1 16.2
Manufacture of basic pharmaceutical products and
pharmaceutical preparations -8.7 -12.4 0.5 -10.7 20.3 20.6 20.1 64.6 25.6 -7.4 34.1
Manufacture of rubber and plastic products -1.5 14.7 27.0 13.8 9.8 0.9 4.5 3.5 -2.7 14.9 4.3
Manufacture of other non-metallic mineral products 23.8 12.7 5.0 13.0 11.2 2.4 4.5 -9.2 -16.1 11.9 1.0
Manufacture of basic metals -10.5 -2.0 7.5 -15.9 12.7 20.0 22.3 -13.0 -18.8 -4.7 13.6
Manufacture of fabricated metal products, except machinery
and equipment 15.7 3.1 18.5 0.6 7.5 3.3 12.1 6.6 11.7 6.2 6.2
Manufacture of computer, electronic and optical products 18.4 7.7 1.6 -0.6 -4.8 -4.3 -3.4 -4.3 -7.5 8.1 -4.3
Manufacture of electrical equipment 4.5 6.1 3.3 13.2 12.6 14.9 18.2 9.7 -12.3 6.7 13.8
Manufacture of machinery and equipment except electrical 7.5 9.4 0.1 4.8 4.1 -3.1 20.9 7.9 -19.7 5.3 7.6
Manufacture of transport equipment -3.6 3.8 7.3 5.6 2.8 1.8 -3.5 -18.1 -11.1 3.7 -5.4
Manufacture of furniture 0.4 -2.0 8.9 13.6 -29.6 -21.8 -5.0 -15.8 -13.7 6.2 -17.9
Other manufacturing 1.0 0.5 7.0 10.6 9.8 -4.6 2.0 0.8 -3.4 4.2 2.1

Gross Value Added in Manufacturing 6.4 7.0 4.0 3.4 5.2 2.0 0.9 4.3 -3.6 5.1 3.2
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 67
As of May 2020

Table 11.5 Gross Value Added in Manufacturing, by Industry

Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Manufacture of food products 101.7 87.5 101.4 109.1 100.7 85.0 100.2 112.7 102.0 87.4 104.9 121.0 96.0 100.2 100.0 104.3
Manufacture of beverages 83.0 80.4 92.3 90.0 90.6 92.9 106.9 103.3 92.5 94.6 108.7 104.4 101.3 87.5 100.0 101.5
Manufacture of tobacco products 59.5 59.2 75.8 123.6 73.3 78.9 103.6 154.8 79.5 84.9 109.0 155.6 88.9 76.1 100.0 106.6
Manufacture of textiles 96.2 94.4 105.9 108.9 94.4 92.7 104.4 108.3 94.9 91.6 103.4 110.6 91.0 101.4 100.0 100.0
Manufacture of wearing apparel 103.8 96.7 106.2 99.7 99.7 94.7 105.0 100.6 96.6 88.3 96.1 95.7 78.3 101.6 100.0 93.9

Manufacture of leather and related products, including

footwear 92.6 124.3 121.0 107.3 81.7 115.7 112.4 100.2 80.9 108.2 106.5 100.1 63.9 108.9 100.0 97.9
Manufacture of wood, bamboo, cane, rattan articles and
related products 108.5 105.9 109.9 109.0 103.3 98.0 101.6 99.5 95.3 91.4 93.0 98.8 77.3 108.2 100.0 95.2
Manufacture of paper and paper products 107.2 88.4 98.6 99.8 107.9 89.1 102.0 103.6 110.1 88.7 97.8 96.1 103.6 97.7 100.0 97.6
Printing and reproduction of recorded media 85.9 92.0 93.8 105.6 86.2 97.7 101.5 113.3 87.1 94.3 95.7 107.3 97.4 95.7 100.0 96.3
Manufacture of coke and refined petroleum products 84.9 72.8 88.1 90.7 97.9 88.0 107.2 103.9 96.9 83.3 95.7 90.3 140.9 84.6 100.0 91.0
Manufacture of chemical and chemical products 74.1 93.2 97.6 111.9 75.0 96.0 102.8 116.9 71.4 87.8 90.4 103.6 60.7 96.3 100.0 91.0
Manufacture of basic pharmaceutical products and
pharmaceutical preparations 98.1 87.6 88.2 106.5 97.6 94.7 96.3 108.6 90.5 77.8 74.9 88.4 89.5 95.6 100.0 82.8
Manufacture of rubber and plastic products 95.4 101.0 107.3 107.0 98.2 97.8 96.6 109.8 102.2 102.3 98.4 106.7 109.8 103.1 100.0 101.9
Manufacture of other non-metallic mineral products 111.9 84.2 84.0 107.9 105.8 86.0 91.8 119.4 107.1 87.7 94.7 126.1 101.5 94.5 100.0 102.7
Manufacture of basic metals 71.1 66.8 112.8 143.4 84.9 73.1 114.9 144.5 83.4 64.1 97.8 119.7 76.3 93.2 100.0 87.7
Manufacture of fabricated metal products, except machinery
and equipment 114.2 86.0 109.0 116.1 97.7 83.1 103.0 124.8 97.5 79.9 95.5 116.0 69.4 101.8 100.0 95.2
Manufacture of computer, electronic and optical products 86.7 91.4 102.3 102.8 87.2 96.2 112.1 115.4 92.8 98.5 109.7 108.0 86.2 94.7 100.0 100.8
Manufacture of electrical equipment 100.9 83.3 90.8 99.3 107.5 89.6 99.6 108.4 108.8 88.9 94.4 102.3 95.9 92.4 100.0 97.4
Manufacture of machinery and equipment except electrical 93.9 102.4 99.0 108.6 92.6 98.9 98.2 112.1 94.8 103.3 100.1 112.0 91.7 100.6 100.0 102.1
Manufacture of transport equipment 98.3 87.2 102.0 106.7 96.8 86.9 102.3 108.7 102.3 85.2 102.1 103.4 68.8 99.6 100.0 98.9
Manufacture of furniture 104.6 100.7 109.9 124.1 99.9 94.2 92.7 107.1 144.8 130.7 115.3 141.9 212.0 111.6 100.0 134.1
Other manufacturing 106.1 82.1 94.6 111.3 106.7 85.0 96.0 113.6 103.7 83.9 97.1 117.1 105.4 98.0 100.0 100.2

Gross Value Added in Manufacturing 94.5 87.5 99.1 107.1 95.2 88.5 103.2 112.2 96.5 88.7 100.9 112.8 91.5 97.3 100.0 100.1
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 68
Unit: In Percent
As of May 2020

Table 11.6 Gross Value Added in Manufacturing, by Industry

Q1 2017 to Q1 2020
Percent Share, at Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Manufacture of food products 53.1 49.1 37.9 52.2 51.7 47.2 32.3 50.8 52.3 48.1 34.0 52.8 54.3 48.5 46.1 47.6
Manufacture of beverages 2.7 3.7 6.0 4.2 2.9 4.1 6.6 4.5 3.0 4.4 7.3 4.4 3.3 4.1 4.5 4.7
Manufacture of tobacco products 0.4 0.4 1.0 0.4 0.4 0.4 1.0 0.5 0.4 0.4 1.5 0.5 0.3 0.5 0.6 0.7
Manufacture of textiles 1.1 1.9 1.5 1.4 1.0 1.8 1.4 1.3 1.0 1.8 1.6 1.3 0.9 1.5 1.4 1.4
Manufacture of wearing apparel 2.1 2.6 3.0 1.4 1.9 2.4 2.7 1.4 1.9 2.5 2.8 1.4 1.7 2.2 2.0 2.1

Manufacture of leather and related products, including

footwear 0.4 0.3 0.5 0.7 0.4 0.2 0.4 0.6 0.3 0.3 0.5 0.6 0.3 0.5 0.4 0.4
Manufacture of wood, bamboo, cane, rattan articles and
related products 0.5 1.1 0.6 1.1 0.6 1.0 0.6 1.1 0.6 1.1 0.7 1.2 0.6 0.8 0.8 0.9
Manufacture of paper and paper products 0.6 0.8 1.0 0.5 0.7 0.8 1.1 0.5 0.7 0.8 1.1 0.5 0.7 0.7 0.8 0.7
Printing and reproduction of recorded media 0.8 0.8 0.6 1.1 0.8 0.9 0.6 0.9 0.9 1.0 0.7 0.9 1.3 0.9 0.8 0.9
Manufacture of coke and refined petroleum products 4.1 4.1 5.0 5.1 4.6 5.3 7.3 6.5 3.8 4.8 4.8 4.3 3.9 4.6 5.9 4.4
Manufacture of chemical and chemical products 6.5 8.5 12.0 11.2 6.5 8.8 14.5 11.2 6.6 8.2 13.0 13.5 6.4 9.6 10.3 10.5
Manufacture of basic pharmaceutical products and
pharmaceutical preparations 0.8 1.0 1.4 1.3 0.7 0.9 1.4 1.1 0.7 0.8 1.3 1.4 0.9 1.1 1.0 1.1
Manufacture of rubber and plastic products 0.9 1.3 1.6 0.8 0.8 1.3 1.7 0.8 0.9 1.3 1.8 0.8 1.0 1.1 1.1 1.2
Manufacture of other non-metallic mineral products 1.5 2.6 2.8 2.3 1.6 2.7 2.9 2.7 1.7 2.8 3.2 2.5 1.5 2.3 2.5 2.5
Manufacture of basic metals 2.5 1.4 3.3 1.7 2.5 1.4 3.3 1.3 2.6 1.5 3.5 0.9 2.1 2.2 2.1 2.0
Manufacture of fabricated metal products, except machinery
and equipment 0.5 1.5 0.6 1.0 0.5 1.4 0.7 1.0 0.5 1.3 0.7 0.9 0.4 0.9 0.9 0.9
Manufacture of computer, electronic and optical products 13.4 11.7 13.4 6.9 14.9 12.2 13.8 7.1 14.2 11.7 13.2 6.1 13.3 11.0 11.6 10.8
Manufacture of electrical equipment 1.4 1.9 1.3 1.0 1.5 2.0 1.4 1.2 1.6 2.2 1.5 1.2 1.3 1.4 1.5 1.6
Manufacture of machinery and equipment except electrical 1.4 1.2 1.4 1.0 1.3 1.2 1.3 1.0 1.3 1.1 1.6 1.0 1.1 1.2 1.2 1.3
Manufacture of transport equipment 2.0 1.7 2.9 2.2 1.8 1.6 2.9 2.2 1.8 1.6 2.8 1.6 1.2 2.2 2.1 1.9
Manufacture of furniture 0.6 0.6 0.6 0.8 0.6 0.5 0.5 0.7 0.5 0.5 0.6 0.8 0.7 0.7 0.6 0.6
Other manufacturing 2.6 2.1 1.8 1.5 2.5 2.0 1.8 1.6 2.5 1.8 1.9 1.6 2.7 2.0 1.9 1.9

Gross Value Added in Manufacturing 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 69
Unit: In Percent
As of May 2020

Table 11.7 Gross Value Added in Manufacturing, by Industry

Q1 2017 to Q1 2020
Percent Share, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Manufacture of food products 49.3 49.1 37.0 51.3 48.9 49.2 33.3 50.5 49.5 48.8 32.7 49.2 51.7 47.1 46.1 45.7
Manufacture of beverages 3.1 4.0 6.4 5.0 3.0 3.9 6.4 4.9 3.1 4.1 6.7 4.8 3.0 4.6 4.5 4.6
Manufacture of tobacco products 0.6 0.6 1.3 0.4 0.5 0.5 1.0 0.3 0.5 0.4 1.4 0.3 0.3 0.7 0.6 0.6
Manufacture of textiles 1.1 1.7 1.4 1.4 1.0 1.7 1.4 1.4 1.0 1.8 1.5 1.3 0.9 1.4 1.4 1.4
Manufacture of wearing apparel 1.9 2.4 2.8 1.6 1.8 2.2 2.6 1.5 1.9 2.5 3.0 1.6 2.0 2.1 2.0 2.2

Manufacture of leather and related products, including

footwear 0.4 0.2 0.4 0.7 0.4 0.2 0.4 0.7 0.4 0.2 0.4 0.6 0.4 0.4 0.4 0.4
Manufacture of wood, bamboo, cane, rattan articles and
related products 0.5 0.9 0.5 1.1 0.5 0.9 0.6 1.2 0.6 1.1 0.7 1.3 0.7 0.8 0.8 1.0
Manufacture of paper and paper products 0.5 0.8 1.0 0.5 0.6 0.8 1.1 0.6 0.6 0.8 1.1 0.5 0.6 0.7 0.8 0.7
Printing and reproduction of recorded media 0.9 0.8 0.7 1.2 0.9 0.8 0.6 0.9 1.0 0.9 0.7 1.0 1.2 0.9 0.8 0.9
Manufacture of coke and refined petroleum products 4.6 5.0 5.6 6.0 4.4 5.3 7.1 7.0 3.8 5.1 5.1 5.4 2.6 5.3 5.9 4.9
Manufacture of chemical and chemical products 8.3 7.9 12.1 10.7 8.2 8.1 14.6 10.8 8.9 8.3 14.5 14.7 9.6 9.7 10.3 11.6
Manufacture of basic pharmaceutical products and
pharmaceutical preparations 0.7 1.0 1.6 1.3 0.6 0.8 1.5 1.1 0.7 1.0 1.8 1.8 0.9 1.1 1.0 1.3
Manufacture of rubber and plastic products 0.9 1.1 1.5 0.8 0.8 1.2 1.8 0.8 0.9 1.2 1.9 0.8 0.9 1.0 1.1 1.1
Manufacture of other non-metallic mineral products 1.3 2.7 3.3 2.3 1.5 2.8 3.3 2.5 1.6 2.8 3.4 2.2 1.4 2.4 2.5 2.5
Manufacture of basic metals 3.3 1.9 2.9 1.3 2.8 1.7 3.0 1.0 3.0 2.0 3.6 0.9 2.5 2.3 2.1 2.3
Manufacture of fabricated metal products, except machinery
and equipment 0.5 1.5 0.6 0.9 0.5 1.5 0.7 0.9 0.5 1.5 0.7 0.9 0.6 0.9 0.9 0.9
Manufacture of computer, electronic and optical products 14.6 11.2 13.0 7.2 16.3 11.2 12.7 6.9 14.7 10.5 12.1 6.3 14.1 11.3 11.6 10.7
Manufacture of electrical equipment 1.3 2.0 1.4 1.1 1.3 2.0 1.4 1.2 1.4 2.2 1.7 1.3 1.3 1.4 1.5 1.6
Manufacture of machinery and equipment except electrical 1.4 1.0 1.4 1.0 1.4 1.0 1.4 1.0 1.4 1.0 1.6 1.0 1.1 1.2 1.2 1.2
Manufacture of transport equipment 2.0 1.7 2.8 2.2 1.8 1.6 2.9 2.2 1.7 1.6 2.8 1.8 1.6 2.1 2.1 1.9
Manufacture of furniture 0.6 0.5 0.5 0.7 0.5 0.5 0.5 0.8 0.4 0.3 0.5 0.6 0.3 0.6 0.6 0.5
Other manufacturing 2.3 2.2 1.9 1.5 2.2 2.1 1.9 1.6 2.3 1.9 1.9 1.5 2.3 2.0 1.9 1.9

Gross Value Added in Manufacturing 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 70
Unit: In million Philippine pesos
As of May 2020

Table 12.1 Gross Value Added in Electricity, Steam, Water and Waste Management, by Industry
Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Electricity 97,942 129,147 90,958 93,359 110,644 138,062 99,950 105,852 120,272 158,432 106,842 113,569 125,749 411,406 454,508 499,115
Steam 2,705 2,770 1,860 2,550 2,582 2,855 2,274 2,885 3,205 3,044 2,378 2,890 3,408 9,885 10,595 11,518
Water supply 19,355 20,006 17,748 20,733 21,101 21,955 19,377 22,843 22,898 24,087 21,061 24,519 24,412 77,842 85,276 92,565
Waste management 1,531 1,307 1,549 1,600 1,646 1,458 1,764 1,782 1,818 1,585 1,890 1,920 1,762 5,986 6,651 7,214

Gross Value Added in Electricity, Steam,

Water and Waste Management 121,533 153,230 112,114 118,242 135,974 164,329 123,364 133,362 148,193 187,149 132,171 142,898 155,332 505,119 557,030 610,411
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In million Philippine pesos
As of May 2020

Table 12.2 Gross Value Added in Electricity, Steam, Water and Waste Management, by Industry
Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Electricity 91,425 109,834 123,598 100,499 99,530 115,754 130,833 108,390 102,432 125,942 140,881 116,932 108,198 425,356 454,508 486,187
Steam 2,810 2,908 2,046 2,683 2,577 2,902 2,355 2,762 3,047 2,914 2,432 2,828 3,217 10,447 10,595 11,221
Water supply 20,492 19,499 19,736 21,199 21,536 20,634 20,725 22,382 22,280 21,785 21,877 23,541 23,366 80,925 85,276 89,482
Waste management 1,657 1,420 1,663 1,692 1,699 1,472 1,739 1,741 1,785 1,556 1,830 1,856 1,626 6,431 6,651 7,027

Gross Value Added in Electricity, Steam,

Water and Waste Management 116,383 133,661 147,043 126,074 125,342 140,762 155,652 135,275 129,544 152,196 167,020 145,158 136,407 523,161 557,030 593,917
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 71
Unit: In Percent
As of May 2020

Table 12.3 Gross Value Added in Electricity, Steam, Water and Waste Management, by Industry
Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Electricity 13.0 6.9 9.9 13.4 8.7 14.8 6.9 7.3 4.6 10.5 9.8
Steam -4.6 3.1 22.3 13.1 24.1 6.6 4.6 0.2 6.3 7.2 8.7
Water supply 9.0 9.7 9.2 10.2 8.5 9.7 8.7 7.3 6.6 9.6 8.5
Waste management 7.5 11.6 13.9 11.4 10.4 8.7 7.1 7.8 -3.1 11.1 8.5

Gross Value Added in Electricity, Steam,

Water and Waste Management 11.9 7.2 10.0 12.8 9.0 13.9 7.1 7.2 4.8 10.3 9.6
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 12.4 Gross Value Added in Electricity, Steam, Water and Waste Management, by Industry
Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Electricity 8.9 5.4 5.9 7.9 2.9 8.8 7.7 7.9 5.6 6.9 7.0
Steam -8.3 -0.2 15.1 2.9 18.3 0.4 3.3 2.4 5.6 1.4 5.9
Water supply 5.1 5.8 5.0 5.6 3.5 5.6 5.6 5.2 4.9 5.4 4.9
Waste management 2.6 3.6 4.6 2.9 5.1 5.7 5.2 6.6 -8.9 3.4 5.6

Gross Value Added in Electricity, Steam,

Water and Waste Management 7.7 5.3 5.9 7.3 3.4 8.1 7.3 7.3 5.3 6.5 6.6
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 72
As of May 2020

Table 12.5 Gross Value Added in Electricity, Steam, Water and Waste Management, by Industry
Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Electricity 107.1 117.6 73.6 92.9 111.2 119.3 76.4 97.7 117.4 125.8 75.8 97.1 116.2 96.7 100.0 102.7
Steam 96.3 95.2 90.9 95.0 100.2 98.4 96.6 104.5 105.2 104.5 97.8 102.2 105.9 94.6 100.0 102.6
Water supply 94.5 102.6 89.9 97.8 98.0 106.4 93.5 102.1 102.8 110.6 96.3 104.2 104.5 96.2 100.0 103.4
Waste management 92.4 92.0 93.1 94.5 96.9 99.1 101.5 102.3 101.8 101.9 103.3 103.5 108.4 93.1 100.0 102.7

Gross Value Added in Electricity, Steam,

Water and Waste Management 104.4 114.6 76.2 93.8 108.5 116.7 79.3 98.6 114.4 123.0 79.1 98.4 113.9 96.6 100.0 102.8
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 73
Unit: In Percent
As of May 2020

Table 12.6 Gross Value Added in Electricity, Steam, Water and Waste Management, by Industry
Q1 2017 to Q1 2020
Percent Share, at Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Electricity 80.6 84.3 81.1 79.0 81.4 84.0 81.0 79.4 81.2 84.7 80.8 79.5 81.0 81.4 81.6 81.8
Steam 2.2 1.8 1.7 2.2 1.9 1.7 1.8 2.2 2.2 1.6 1.8 2.0 2.2 2.0 1.9 1.9
Water supply 15.9 13.1 15.8 17.5 15.5 13.4 15.7 17.1 15.5 12.9 15.9 17.2 15.7 15.4 15.3 15.2
Waste management 1.3 0.9 1.4 1.4 1.2 0.9 1.4 1.3 1.2 0.8 1.4 1.3 1.1 1.2 1.2 1.2

Gross Value Added in Electricity, Steam,

Water and Waste Management 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 12.7 Gross Value Added in Electricity, Steam, Water and Waste Management, by Industry
Q1 2017 to Q1 2020
Percent Share, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Electricity 78.6 82.2 84.1 79.7 79.4 82.2 84.1 80.1 79.1 82.7 84.4 80.6 79.3 81.3 81.6 81.9
Steam 2.4 2.2 1.4 2.1 2.1 2.1 1.5 2.0 2.4 1.9 1.5 1.9 2.4 2.0 1.9 1.9
Water supply 17.6 14.6 13.4 16.8 17.2 14.7 13.3 16.5 17.2 14.3 13.1 16.2 17.1 15.5 15.3 15.1
Waste management 1.4 1.1 1.1 1.3 1.4 1.0 1.1 1.3 1.4 1.0 1.1 1.3 1.2 1.2 1.2 1.2

Gross Value Added in Electricity, Steam,

Water and Waste Management 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 74
Unit: In million Philippine pesos
As of May 2020

Table 13.1 Gross Fixed Capital Formation and Gross Value Added in Construction
Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Institutional Sector Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

General government 103,741 266,094 123,310 160,188 134,268 343,349 165,993 191,753 126,069 254,099 188,337 257,632 130,518 653,333 835,363 826,137
Financial and non-financial corporations 233,081 238,527 295,363 286,115 246,060 245,505 335,230 353,326 331,881 335,347 383,277 400,530 327,447 1,053,086 1,180,121 1,451,035
Households and NPISHs* 177,509 167,445 180,996 189,460 224,577 215,391 230,799 253,536 206,930 247,496 304,481 249,701 205,378 715,411 924,302 1,008,607

Gross Fixed Capital Formation in Construction 514,331 672,066 599,670 635,763 604,906 804,245 732,021 798,614 664,881 836,942 876,094 907,862 663,343 2,421,830 2,939,786 3,285,779

Gross Value Added in Construction 232,252 313,472 268,640 291,791 274,869 383,668 340,129 375,175 303,830 388,918 397,575 421,373 307,756 1,106,154 1,373,841 1,511,695
Note: * Non-profit institutions serving households
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In million Philippine pesos
As of May 2020

Table 13.2 Gross Fixed Capital Formation and Gross Value Added in Construction
Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Institutional Sector Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

General government 104,057 280,351 130,367 175,950 129,614 347,522 162,976 195,251 117,834 249,942 178,767 258,431 118,141 690,726 835,363 804,974
Financial and non-financial corporations 239,288 252,189 300,122 319,711 269,359 266,679 303,152 340,931 340,709 339,520 349,293 384,817 325,760 1,111,310 1,180,121 1,414,339
Households and NPISHs* 173,232 172,266 196,921 213,788 192,601 201,922 244,069 285,710 189,675 237,377 283,453 272,408 182,079 756,207 924,302 982,914

Gross Fixed Capital Formation in Construction 516,578 704,807 627,410 709,449 591,574 816,124 710,197 821,892 648,218 826,839 811,513 915,656 625,980 2,558,243 2,939,786 3,202,226

Gross Value Added in Construction 249,397 337,553 291,076 323,688 271,181 374,720 333,387 394,553 284,734 374,429 384,505 436,945 279,750 1,201,714 1,373,841 1,480,612
Note: * Non-profit institutions serving households
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 75
Unit: In Percent
As of May 2020

Table 13.3 Gross Fixed Capital Formation and Gross Value Added in Construction
Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Institutional Sector Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

General government 29.4 29.0 34.6 19.7 -6.1 -26.0 13.5 34.4 3.5 27.9 -1.1
Financial and non-financial corporations 5.6 2.9 13.5 23.5 34.9 36.6 14.3 13.4 -1.3 12.1 23.0
Households and NPISHs* 26.5 28.6 27.5 33.8 -7.9 14.9 31.9 -1.5 -0.8 29.2 9.1

Gross Fixed Capital Formation in Construction 17.6 19.7 22.1 25.6 9.9 4.1 19.7 13.7 -0.2 21.4 11.8

Gross Value Added in Construction 18.3 22.4 26.6 28.6 10.5 1.4 16.9 12.3 1.3 24.2 10.0
Note: * Non-profit institutions serving households
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 13.4 Gross Fixed Capital Formation and Gross Value Added in Construction
Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Institutional Sector Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

General government 24.6 24.0 25.0 11.0 -9.1 -28.1 9.7 32.4 0.3 20.9 -3.6
Financial and non-financial corporations 12.6 5.7 1.0 6.6 26.5 27.3 15.2 12.9 -4.4 6.2 19.8
Households and NPISHs* 11.2 17.2 23.9 33.6 -1.5 17.6 16.1 -4.7 -4.0 22.2 6.3

Gross Fixed Capital Formation in Construction 14.5 15.8 13.2 15.8 9.6 1.3 14.3 11.4 -3.4 14.9 8.9

Gross Value Added in Construction 8.7 11.0 14.5 21.9 5.0 -0.1 15.3 10.7 -1.8 14.3 7.8
Note: * Non-profit institutions serving households
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 76
As of May 2020

Table 13.5 Gross Fixed Capital Formation and Gross Value Added in Construction
Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Institutional Sector Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

General government 99.7 94.9 94.6 91.0 103.6 98.8 101.9 98.2 107.0 101.7 105.4 99.7 110.5 94.6 100.0 102.6
Financial and non-financial corporations 97.4 94.6 98.4 89.5 91.4 92.1 110.6 103.6 97.4 98.8 109.7 104.1 100.5 94.8 100.0 102.6
Households and NPISHs* 102.5 97.2 91.9 88.6 116.6 106.7 94.6 88.7 109.1 104.3 107.4 91.7 112.8 94.6 100.0 102.6

Gross Fixed Capital Formation in Construction 99.6 95.4 95.6 89.6 102.3 98.5 103.1 97.2 102.6 101.2 108.0 99.1 106.0 94.7 100.0 102.6

Gross Value Added in Construction 93.1 92.9 92.3 90.1 101.4 102.4 102.0 95.1 106.7 103.9 103.4 96.4 110.0 92.0 100.0 102.1
Note: * Non-profit institutions serving households
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 77
Unit: In Percent
As of May 2020

Table 13.6 Gross Fixed Capital Formation in Construction

Q1 2017 to Q1 2020
Percent Share of the Institutional Sector, at Current Prices

2017 2018 2019 2020 Annual

Institutional Sector Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

General government 20.2 39.6 20.6 25.2 22.2 42.7 22.7 24.0 19.0 30.4 21.5 28.4 19.7 27.0 28.4 25.1
Financial and non-financial corporations 45.3 35.5 49.3 45.0 40.7 30.5 45.8 44.2 49.9 40.1 43.7 44.1 49.4 43.5 40.1 44.2
Households and NPISHs* 34.5 24.9 30.2 29.8 37.1 26.8 31.5 31.7 31.1 29.6 34.8 27.5 31.0 29.5 31.4 30.7

Gross Fixed Capital Formation in Construction 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Note: * Non-profit institutions serving households
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 13.7 Gross Fixed Capital Formation in Construction

Q1 2017 to Q1 2020
Percent Share of the Institutional Sector, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Institutional Sector Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

General government 20.1 39.8 20.8 24.8 21.9 42.6 22.9 23.8 18.2 30.2 22.0 28.2 18.9 27.0 28.4 25.1
Financial and non-financial corporations 46.3 35.8 47.8 45.1 45.5 32.7 42.7 41.5 52.6 41.1 43.0 42.0 52.0 43.4 40.1 44.2
Households and NPISHs* 33.5 24.4 31.4 30.1 32.6 24.7 34.4 34.8 29.3 28.7 34.9 29.8 29.1 29.6 31.4 30.7

Gross Fixed Capital Formation in Construction 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Note: * Non-profit institutions serving households
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 78
Unit: In million Philippine pesos
As of May 2020

Table 14.1 Gross Value Added in Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles, by Industry
Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Wholesale trade, except of motor vehicles and motorcycles 117,469 126,653 133,115 174,154 124,607 153,075 153,525 200,459 137,148 166,240 165,809 211,929 142,810 551,390 631,666 681,127
Retail trade, except of motor vehicles and motorcycles 458,355 567,411 628,280 625,550 507,153 616,816 687,144 693,276 555,935 679,045 749,115 756,123 562,527 2,279,595 2,504,389 2,740,217
Sale and repair of motor vehicles and motorcycles 22,929 23,080 24,838 24,669 23,759 24,600 26,310 26,580 25,224 26,224 28,105 28,492 21,857 95,516 101,249 108,045

Gross Value Added in Wholesale and Retail Trade; Repair of

Motor Vehicles and Motorcycles 598,752 717,144 786,233 824,373 655,519 794,491 866,978 920,316 718,307 871,509 943,030 996,544 727,194 2,926,502 3,237,304 3,529,389
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In million Philippine pesos
As of May 2020

Table 14.2 Gross Value Added in Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles, by Industry
Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Wholesale trade, except of motor vehicles and motorcycles 129,919 138,507 143,956 184,811 128,539 154,399 152,264 196,465 135,699 165,117 164,335 209,521 136,519 597,192 631,666 674,672
Retail trade, except of motor vehicles and motorcycles 478,222 587,724 648,509 642,474 514,074 619,726 684,676 685,913 552,360 675,088 741,463 746,582 563,516 2,356,929 2,504,389 2,715,493
Sale and repair of motor vehicles and motorcycles 25,455 25,226 26,747 26,004 24,277 24,632 26,051 26,289 25,512 26,893 28,955 29,394 21,583 103,431 101,249 110,753

Gross Value Added in Wholesale and Retail Trade; Repair of

Motor Vehicles and Motorcycles 633,596 751,457 819,211 853,289 666,890 798,756 862,992 908,667 713,571 867,098 934,753 985,496 721,617 3,057,552 3,237,304 3,500,918
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 79
Unit: In Percent
As of May 2020

Table 14.3 Gross Value Added in Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles, by Industry
Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Wholesale trade, except of motor vehicles and motorcycles 6.1 20.9 15.3 15.1 10.1 8.6 8.0 5.7 4.1 14.6 7.8
Retail trade, except of motor vehicles and motorcycles 10.6 8.7 9.4 10.8 9.6 10.1 9.0 9.1 1.2 9.9 9.4
Sale and repair of motor vehicles and motorcycles 3.6 6.6 5.9 7.7 6.2 6.6 6.8 7.2 -13.3 6.0 6.7

Gross Value Added in Wholesale and Retail Trade; Repair of

Motor Vehicles and Motorcycles 9.5 10.8 10.3 11.6 9.6 9.7 8.8 8.3 1.2 10.6 9.0
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 14.4 Gross Value Added in Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles, by Industry
Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Wholesale trade, except of motor vehicles and motorcycles -1.1 11.5 5.8 6.3 5.6 6.9 7.9 6.6 0.6 5.8 6.8
Retail trade, except of motor vehicles and motorcycles 7.5 5.4 5.6 6.8 7.4 8.9 8.3 8.8 2.0 6.3 8.4
Sale and repair of motor vehicles and motorcycles -4.6 -2.4 -2.6 1.1 5.1 9.2 11.1 11.8 -15.4 -2.1 9.4

Gross Value Added in Wholesale and Retail Trade; Repair of

Motor Vehicles and Motorcycles 5.3 6.3 5.3 6.5 7.0 8.6 8.3 8.5 1.1 5.9 8.1
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 80
As of May 2020

Table 14.5 Gross Value Added in Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles, by Industry
Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Wholesale trade, except of motor vehicles and motorcycles 90.4 91.4 92.5 94.2 96.9 99.1 100.8 102.0 101.1 100.7 100.9 101.1 104.6 92.3 100.0 101.0
Retail trade, except of motor vehicles and motorcycles 95.8 96.5 96.9 97.4 98.7 99.5 100.4 101.1 100.6 100.6 101.0 101.3 99.8 96.7 100.0 100.9
Sale and repair of motor vehicles and motorcycles 90.1 91.5 92.9 94.9 97.9 99.9 101.0 101.1 98.9 97.5 97.1 96.9 101.3 92.3 100.0 97.6

Gross Value Added in Wholesale and Retail Trade; Repair of

Motor Vehicles and Motorcycles 94.5 95.4 96.0 96.6 98.3 99.5 100.5 101.3 100.7 100.5 100.9 101.1 100.8 95.7 100.0 100.8
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 81
Unit: In Percent
As of May 2020

Table 14.6 Gross Value Added in Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles, by Industry
Q1 2017 to Q1 2020
Percent Share, at Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Wholesale trade, except of motor vehicles and motorcycles 19.6 17.7 16.9 21.1 19.0 19.3 17.7 21.8 19.1 19.1 17.6 21.3 19.6 18.8 19.5 19.3
Retail trade, except of motor vehicles and motorcycles 76.6 79.1 79.9 75.9 77.4 77.6 79.3 75.3 77.4 77.9 79.4 75.9 77.4 77.9 77.4 77.6
Sale and repair of motor vehicles and motorcycles 3.8 3.2 3.2 3.0 3.6 3.1 3.0 2.9 3.5 3.0 3.0 2.9 3.0 3.3 3.1 3.1

Gross Value Added in Wholesale and Retail Trade; Repair of

Motor Vehicles and Motorcycles 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 14.7 Gross Value Added in Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles, by Industry
Q1 2017 to Q1 2020
Percent Share, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Wholesale trade, except of motor vehicles and motorcycles 20.5 18.4 17.6 21.7 19.3 19.3 17.6 21.6 19.0 19.0 17.6 21.3 18.9 19.5 19.5 19.3
Retail trade, except of motor vehicles and motorcycles 75.5 78.2 79.2 75.3 77.1 77.6 79.3 75.5 77.4 77.9 79.3 75.8 78.1 77.1 77.4 77.6
Sale and repair of motor vehicles and motorcycles 4.0 3.4 3.3 3.0 3.6 3.1 3.0 2.9 3.6 3.1 3.1 3.0 3.0 3.4 3.1 3.2

Gross Value Added in Wholesale and Retail Trade; Repair of

Motor Vehicles and Motorcycles 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 82
Unit: In million Philippine pesos
As of May 2020

Table 15.1 Gross Value Added in Transportation and Storage, by Industry

Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Land transport 81,483 97,802 81,752 82,748 87,430 103,096 86,772 88,298 93,721 112,582 98,272 95,768 86,819 343,785 365,595 400,344
Water transport 9,464 11,404 7,372 7,021 9,992 12,523 7,910 7,669 11,613 14,533 7,860 7,216 9,965 35,262 38,093 41,221
Air transport 27,487 26,256 22,116 21,932 28,414 26,871 24,620 23,643 30,344 30,119 26,930 25,840 23,158 97,790 103,548 113,233
Warehousing and storage, and support activities for transportation 31,600 39,091 34,254 35,767 36,232 45,109 42,010 40,822 42,724 47,424 43,057 41,397 39,097 140,711 164,173 174,602
Postal and courier activities 4,039 4,770 4,496 6,338 5,904 6,805 5,870 7,851 6,813 7,160 6,100 7,886 7,047 19,643 26,430 27,959

Gross Value Added in Transportation and Storage 154,073 179,323 149,989 153,806 167,971 194,404 167,181 168,283 185,214 211,818 182,219 178,107 166,085 637,191 697,839 757,358
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In million Philippine pesos
As of May 2020

Table 15.2 Gross Value Added in Transportation and Storage, by Industry

Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Land transport 89,875 102,511 72,412 85,133 96,666 107,974 75,474 85,482 95,283 110,361 81,628 90,491 85,172 349,931 365,595 377,763
Water transport 9,744 11,838 7,697 7,319 9,863 12,166 8,313 7,751 11,081 13,603 7,954 7,171 9,404 36,598 38,093 39,809
Air transport 26,316 27,251 20,493 21,592 28,061 29,296 23,699 22,491 32,316 34,490 27,426 24,614 26,371 95,652 103,548 118,847
Warehousing and storage, and support activities for transportation 32,930 38,319 35,730 38,080 36,965 42,992 43,180 41,036 44,201 45,915 45,855 42,256 41,506 145,060 164,173 178,227
Postal and courier activities 4,422 5,063 4,700 6,727 6,100 6,741 5,727 7,862 6,788 6,940 5,883 7,848 6,965 20,912 26,430 27,459

Gross Value Added in Transportation and Storage 163,287 184,983 141,033 158,851 177,655 199,169 156,393 164,622 189,669 211,309 168,745 172,381 169,418 648,153 697,839 742,105
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 83
Unit: In Percent
As of May 2020

Table 15.3 Gross Value Added in Transportation and Storage, by Industry

Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Land transport 7.3 5.4 6.1 6.7 7.2 9.2 13.3 8.5 -7.4 6.3 9.5
Water transport 5.6 9.8 7.3 9.2 16.2 16.1 -0.6 -5.9 -14.2 8.0 8.2
Air transport 3.4 2.3 11.3 7.8 6.8 12.1 9.4 9.3 -23.7 5.9 9.4
Warehousing and storage, and support activities for transportation 14.7 15.4 22.6 14.1 17.9 5.1 2.5 1.4 -8.5 16.7 6.4
Postal and courier activities 46.2 42.7 30.6 23.9 15.4 5.2 3.9 0.4 3.4 34.6 5.8

Gross Value Added in Transportation and Storage 9.0 8.4 11.5 9.4 10.3 9.0 9.0 5.8 -10.3 9.5 8.5
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 15.4 Gross Value Added in Transportation and Storage, by Industry

Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Land transport 7.6 5.3 4.2 0.4 -1.4 2.2 8.2 5.9 -10.6 4.5 3.3
Water transport 1.2 2.8 8.0 5.9 12.4 11.8 -4.3 -7.5 -15.1 4.1 4.5
Air transport 6.6 7.5 15.6 4.2 15.2 17.7 15.7 9.4 -18.4 8.3 14.8
Warehousing and storage, and support activities for transportation 12.3 12.2 20.8 7.8 19.6 6.8 6.2 3.0 -6.1 13.2 8.6
Postal and courier activities 38.0 33.1 21.8 16.9 11.3 2.9 2.7 -0.2 2.6 26.4 3.9

Gross Value Added in Transportation and Storage 8.8 7.7 10.9 3.6 6.8 6.1 7.9 4.7 -10.7 7.7 6.3
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 84
As of May 2020

Table 15.5 Gross Value Added in Transportation and Storage, by Industry

Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Land transport 90.7 95.4 112.9 97.2 90.4 95.5 115.0 103.3 98.4 102.0 120.4 105.8 101.9 98.2 100.0 106.0
Water transport 97.1 96.3 95.8 95.9 101.3 102.9 95.1 98.9 104.8 106.8 98.8 100.6 106.0 96.4 100.0 103.5
Air transport 104.4 96.3 107.9 101.6 101.3 91.7 103.9 105.1 93.9 87.3 98.2 105.0 87.8 102.2 100.0 95.3
Warehousing and storage, and support activities for transportation 96.0 102.0 95.9 93.9 98.0 104.9 97.3 99.5 96.7 103.3 93.9 98.0 94.2 97.0 100.0 98.0
Postal and courier activities 91.3 94.2 95.6 94.2 96.8 100.9 102.5 99.9 100.4 103.2 103.7 100.5 101.2 93.9 100.0 101.8

Gross Value Added in Transportation and Storage 94.4 96.9 106.4 96.8 94.5 97.6 106.9 102.2 97.7 100.2 108.0 103.3 98.0 98.3 100.0 102.1
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 85
Unit: In Percent
As of May 2020

Table 15.6 Gross Value Added in Transportation and Storage, by Industry

Q1 2017 to Q1 2020
Percent Share, at Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Land transport 52.9 54.5 54.5 53.8 52.1 53.0 51.9 52.5 50.6 53.2 53.9 53.8 52.3 54.0 52.4 52.9
Water transport 6.1 6.4 4.9 4.6 5.9 6.4 4.7 4.6 6.3 6.9 4.3 4.1 6.0 5.5 5.5 5.4
Air transport 17.8 14.6 14.7 14.3 16.9 13.8 14.7 14.0 16.4 14.2 14.8 14.5 13.9 15.3 14.8 15.0
Warehousing and storage, and support activities for transportation 20.5 21.8 22.8 23.3 21.6 23.2 25.1 24.3 23.1 22.4 23.6 23.2 23.5 22.1 23.5 23.1
Postal and courier activities 2.6 2.7 3.0 4.1 3.5 3.5 3.5 4.7 3.7 3.4 3.3 4.4 4.2 3.1 3.8 3.7

Gross Value Added in Transportation and Storage 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 15.7 Gross Value Added in Transportation and Storage, by Industry

Q1 2017 to Q1 2020
Percent Share, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Land transport 55.0 55.4 51.3 53.6 54.4 54.2 48.3 51.9 50.2 52.2 48.4 52.5 50.3 54.0 52.4 50.9
Water transport 6.0 6.4 5.5 4.6 5.6 6.1 5.3 4.7 5.8 6.4 4.7 4.2 5.6 5.6 5.5 5.4
Air transport 16.1 14.7 14.5 13.6 15.8 14.7 15.2 13.7 17.0 16.3 16.3 14.3 15.6 14.8 14.8 16.0
Warehousing and storage, and support activities for transportation 20.2 20.7 25.3 24.0 20.8 21.6 27.6 24.9 23.3 21.7 27.2 24.5 24.5 22.4 23.5 24.0
Postal and courier activities 2.7 2.7 3.3 4.2 3.4 3.4 3.7 4.8 3.6 3.3 3.5 4.6 4.1 3.2 3.8 3.7

Gross Value Added in Transportation and Storage 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 86
Unit: In million Philippine pesos
As of May 2020

Table 16.1 Gross Value Added in Accommodation and Food Service Activities, by Industry
Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Accommodation 30,287 27,419 30,863 33,455 35,380 32,422 37,223 40,362 40,201 35,405 40,027 43,777 33,004 122,024 145,386 159,410
Food and beverage service activities 54,588 50,462 57,283 61,761 64,067 57,817 65,569 70,450 69,744 61,155 68,941 75,317 67,325 224,095 257,903 275,157

Gross Value Added in Accommodation and Food

Service Activities 84,875 77,881 88,146 95,216 99,447 90,238 102,792 110,812 109,945 96,560 108,968 119,094 100,329 346,119 403,289 434,567
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In million Philippine pesos
As of May 2020

Table 16.2 Gross Value Added in Accommodation and Food Service Activities, by Industry
Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Accommodation 31,509 30,108 32,398 34,914 35,585 33,804 36,498 39,499 39,087 36,361 39,319 42,967 30,246 128,929 145,386 157,734
Food and beverage service activities 58,525 56,915 61,437 65,428 64,901 60,346 64,092 68,565 67,413 62,431 67,327 73,521 59,918 242,305 257,903 270,692

Gross Value Added in Accommodation and Food

Service Activities 90,034 87,023 93,835 100,342 100,486 94,149 100,591 108,064 106,499 98,792 106,646 116,489 90,164 371,234 403,289 428,425
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 87
Unit: In Percent
As of May 2020

Table 16.3 Gross Value Added in Accommodation and Food Service Activities, by Industry
Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Accommodation 16.8 18.2 20.6 20.6 13.6 9.2 7.5 8.5 -17.9 19.1 9.6
Food and beverage service activities 17.4 14.6 14.5 14.1 8.9 5.8 5.1 6.9 -3.5 15.1 6.7

Gross Value Added in Accommodation and Food

Service Activities 17.2 15.9 16.6 16.4 10.6 7.0 6.0 7.5 -8.7 16.5 7.8
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 16.4 Gross Value Added in Accommodation and Food Service Activities, by Industry
Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Accommodation 12.9 12.3 12.7 13.1 9.8 7.6 7.7 8.8 -22.6 12.8 8.5
Food and beverage service activities 10.9 6.0 4.3 4.8 3.9 3.5 5.0 7.2 -11.1 6.4 5.0

Gross Value Added in Accommodation and Food

Service Activities 11.6 8.2 7.2 7.7 6.0 4.9 6.0 7.8 -15.3 8.6 6.2
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 88
As of May 2020

Table 16.5 Gross Value Added in Accommodation and Food Service Activities, by Industry
Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Accommodation 96.1 91.1 95.3 95.8 99.4 95.9 102.0 102.2 102.9 97.4 101.8 101.9 109.1 94.6 100.0 101.1
Food and beverage service activities 93.3 88.7 93.2 94.4 98.7 95.8 102.3 102.7 103.5 98.0 102.4 102.4 112.4 92.5 100.0 101.6

Gross Value Added in Accommodation and Food

Service Activities 94.3 89.5 93.9 94.9 99.0 95.8 102.2 102.5 103.2 97.7 102.2 102.2 111.3 93.2 100.0 101.4
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 89
Unit: In Percent
As of May 2020

Table 16.6 Gross Value Added in Accommodation and Food Service Activities, by Industry
Q1 2017 to Q1 2020
Percent Share, at Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Accommodation 35.7 35.2 35.0 35.1 35.6 35.9 36.2 36.4 36.6 36.7 36.7 36.8 32.9 35.3 36.1 36.7
Food and beverage service activities 64.3 64.8 65.0 64.9 64.4 64.1 63.8 63.6 63.4 63.3 63.3 63.2 67.1 64.7 63.9 63.3

Gross Value Added in Accommodation and Food

Service Activities 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 16.7 Gross Value Added in Accommodation and Food Service Activities, by Industry
Q1 2017 to Q1 2020
Percent Share, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Accommodation 35.0 34.6 34.5 34.8 35.4 35.9 36.3 36.6 36.7 36.8 36.9 36.9 33.5 34.7 36.1 36.8
Food and beverage service activities 65.0 65.4 65.5 65.2 64.6 64.1 63.7 63.4 63.3 63.2 63.1 63.1 66.5 65.3 63.9 63.2

Gross Value Added in Accommodation and Food

Service Activities 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 90
Unit: In million Philippine pesos
As of May 2020

Table 17.1 Gross Value Added in Information and Communication, by Industry

Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Information and publishing 10,619 11,895 11,024 13,475 11,221 12,526 11,627 14,133 12,149 13,384 12,099 14,866 12,001 47,013 49,507 52,499
Communication 100,590 112,482 103,478 126,767 106,750 118,867 106,917 133,884 117,780 127,019 114,647 143,245 125,813 443,317 466,418 502,691

Gross Value Added in Information

and Communication 111,209 124,377 114,502 140,242 117,971 131,393 118,544 148,017 129,930 140,403 126,746 158,111 137,814 490,330 515,925 555,190
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In million Philippine pesos
As of May 2020

Table 17.2 Gross Value Added in Information and Communication, by Industry

Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Information and publishing 10,875 13,108 10,984 13,225 11,257 13,482 11,290 13,479 12,133 14,494 11,886 14,409 11,463 48,192 49,507 52,922
Communication 99,772 110,323 98,389 127,006 108,370 119,763 103,232 135,053 119,378 126,152 108,923 142,048 127,538 435,491 466,418 496,500

Gross Value Added in Information

and Communication 110,648 123,432 109,373 140,231 119,626 133,245 114,522 148,532 131,511 140,646 120,809 156,456 139,001 483,683 515,925 549,423
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 91
Unit: In Percent
As of May 2020

Table 17.3 Gross Value Added in Information and Communication, by Industry

Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Information and publishing 5.7 5.3 5.5 4.9 8.3 6.9 4.1 5.2 -1.2 5.3 6.0
Communication 6.1 5.7 3.3 5.6 10.3 6.9 7.2 7.0 6.8 5.2 7.8

Gross Value Added in Information

and Communication 6.1 5.6 3.5 5.5 10.1 6.9 6.9 6.8 6.1 5.2 7.6
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 17.4 Gross Value Added in Information and Communication, by Industry

Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Information and publishing 3.5 2.9 2.8 1.9 7.8 7.5 5.3 6.9 -5.5 2.7 6.9
Communication 8.6 8.6 4.9 6.3 10.2 5.3 5.5 5.2 6.8 7.1 6.4

Gross Value Added in Information

and Communication 8.1 8.0 4.7 5.9 9.9 5.6 5.5 5.3 5.7 6.7 6.5
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 92
As of May 2020

Table 17.5 Gross Value Added in Information and Communication, by Industry

Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Information and publishing 97.6 90.7 100.4 101.9 99.7 92.9 103.0 104.9 100.1 92.3 101.8 103.2 104.7 97.6 100.0 99.2
Communication 100.8 102.0 105.2 99.8 98.5 99.3 103.6 99.1 98.7 100.7 105.3 100.8 98.6 101.8 100.0 101.2

Gross Value Added in Information

and Communication 100.5 100.8 104.7 100.0 98.6 98.6 103.5 99.7 98.8 99.8 104.9 101.1 99.1 101.4 100.0 101.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 93
Unit: In Percent
As of May 2020

Table 17.6 Gross Value Added in Information and Communication, by Industry

Q1 2017 to Q1 2020
Percent Share, at Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Information and publishing 9.5 9.6 9.6 9.6 9.5 9.5 9.8 9.5 9.4 9.5 9.5 9.4 8.7 9.6 9.6 9.5
Communication 90.5 90.4 90.4 90.4 90.5 90.5 90.2 90.5 90.6 90.5 90.5 90.6 91.3 90.4 90.4 90.5

Gross Value Added in Information

and Communication 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 17.7 Gross Value Added in Information and Communication, by Industry

Q1 2017 to Q1 2020
Percent Share, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Information and publishing 9.8 10.6 10.0 9.4 9.4 10.1 9.9 9.1 9.2 10.3 9.8 9.2 8.2 10.0 9.6 9.6
Communication 90.2 89.4 90.0 90.6 90.6 89.9 90.1 90.9 90.8 89.7 90.2 90.8 91.8 90.0 90.4 90.4

Gross Value Added in Information

and Communication 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 94
Unit: In million Philippine pesos
As of May 2020

Table 18.1 Gross Value Added in Financial and Insurance Activities, by Industry
Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Banking institutions 167,710 149,461 163,601 151,599 188,366 164,350 182,769 171,758 219,670 195,114 215,101 200,215 264,165 632,372 707,243 830,100
Non-banks 83,761 133,683 89,817 103,721 94,245 156,007 103,677 116,975 105,746 165,952 113,091 128,973 112,096 410,983 470,905 513,762
Insurance and pension funding except compulsory social security
49,620 48,290 51,730 57,888 56,353 55,648 61,167 65,553 62,012 58,306 62,931 66,888 60,911 207,528 238,722 250,137
Activities auxiliary to financial services activities 16,824 19,981 18,105 20,790 17,866 22,128 18,963 22,322 19,363 23,909 20,134 24,336 22,279 75,700 81,278 87,742

Gross Value Added in Financial

and Insurance Activities 317,916 351,415 323,253 333,999 356,829 398,133 366,576 376,608 406,790 443,281 411,257 420,412 459,451 1,326,583 1,498,147 1,681,740
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In million Philippine pesos
As of May 2020

Table 18.2 Gross Value Added in Financial and Insurance Activities, by Industry
Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Banking institutions 174,968 151,841 166,098 153,089 193,081 163,874 181,512 168,776 222,370 192,658 213,104 195,600 259,528 645,996 707,243 823,733
Non-banks 88,903 141,317 94,204 106,394 96,082 157,089 103,336 114,398 106,035 166,823 113,969 127,158 109,095 430,817 470,905 513,985
Insurance and pension funding except compulsory social security
54,900 55,227 57,703 62,255 57,804 56,993 60,462 63,463 61,126 59,591 63,828 66,539 58,215 230,086 238,722 251,084
Activities auxiliary to financial services activities 16,967 19,900 18,074 20,681 17,995 22,166 19,006 22,111 19,519 23,861 20,162 23,949 21,642 75,622 81,278 87,490

Gross Value Added in Financial

and Insurance Activities 335,738 368,286 336,079 342,418 364,962 400,122 364,316 368,748 409,050 442,933 411,062 413,247 448,480 1,382,521 1,498,147 1,676,292
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 95
Unit: In Percent
As of May 2020

Table 18.3 Gross Value Added in Financial and Insurance Activities, by Industry
Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Banking institutions 12.3 10.0 11.7 13.3 16.6 18.7 17.7 16.6 20.3 11.8 17.4
Non-banks 12.5 16.7 15.4 12.8 12.2 6.4 9.1 10.3 6.0 14.6 9.1
Insurance and pension funding except compulsory social security13.6 15.2 18.2 13.2 10.0 4.8 2.9 2.0 -1.8 15.0 4.8
Activities auxiliary to financial services activities 6.2 10.7 4.7 7.4 8.4 8.1 6.2 9.0 15.1 7.4 8.0

Gross Value Added in Financial

and Insurance Activities 12.2 13.3 13.4 12.8 14.0 11.3 12.2 11.6 12.9 12.9 12.3
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 18.4 Gross Value Added in Financial and Insurance Activities, by Industry
Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Banking institutions 10.4 7.9 9.3 10.2 15.2 17.6 17.4 15.9 16.7 9.5 16.5
Non-banks 8.1 11.2 9.7 7.5 10.4 6.2 10.3 11.2 2.9 9.3 9.1
Insurance and pension funding except compulsory social security 5.3 3.2 4.8 1.9 5.7 4.6 5.6 4.8 -4.8 3.8 5.2
Activities auxiliary to financial services activities 6.1 11.4 5.2 6.9 8.5 7.6 6.1 8.3 10.9 7.5 7.6

Gross Value Added in Financial

and Insurance Activities 8.7 8.6 8.4 7.7 12.1 10.7 12.8 12.1 9.6 8.4 11.9
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 96
As of May 2020

Table 18.5 Gross Value Added in Financial and Insurance Activities, by Industry
Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Banking institutions 95.9 98.4 98.5 99.0 97.6 100.3 100.7 101.8 98.8 101.3 100.9 102.4 101.8 97.9 100.0 100.8
Non-banks 94.2 94.6 95.3 97.5 98.1 99.3 100.3 102.3 99.7 99.5 99.2 101.4 102.8 95.4 100.0 100.0
Insurance and pension funding except compulsory social security90.4 87.4 89.6 93.0 97.5 97.6 101.2 103.3 101.5 97.8 98.6 100.5 104.6 90.2 100.0 99.6
Activities auxiliary to financial services activities 99.2 100.4 100.2 100.5 99.3 99.8 99.8 101.0 99.2 100.2 99.9 101.6 102.9 100.1 100.0 100.3

Gross Value Added in Financial

and Insurance Activities 94.7 95.4 96.2 97.5 97.8 99.5 100.6 102.1 99.4 100.1 100.0 101.7 102.4 96.0 100.0 100.3
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 97
Unit: In Percent
As of May 2020

Table 18.6 Gross Value Added in Financial and Insurance Activities, by Industry
Q1 2017 to Q1 2020
Percent Share, at Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Banking institutions 52.8 42.5 50.6 45.4 52.8 41.3 49.9 45.6 54.0 44.0 52.3 47.6 57.5 47.7 47.2 49.4
Non-banks 26.3 38.0 27.8 31.1 26.4 39.2 28.3 31.1 26.0 37.4 27.5 30.7 24.4 31.0 31.4 30.5
Insurance and pension funding except compulsory social security15.6 13.7 16.0 17.3 15.8 14.0 16.7 17.4 15.2 13.2 15.3 15.9 13.3 15.6 15.9 14.9
Activities auxiliary to financial services activities 5.3 5.7 5.6 6.2 5.0 5.6 5.2 5.9 4.8 5.4 4.9 5.8 4.8 5.7 5.4 5.2

Gross Value Added in Financial

and Insurance Activities 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 18.7 Gross Value Added in Financial and Insurance Activities, by Industry
Q1 2017 to Q1 2020
Percent Share, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Banking institutions 52.1 41.2 49.4 44.7 52.9 41.0 49.8 45.8 54.4 43.5 51.8 47.3 57.9 46.7 47.2 49.1
Non-banks 26.5 38.4 28.0 31.1 26.3 39.3 28.4 31.0 25.9 37.7 27.7 30.8 24.3 31.2 31.4 30.7
Insurance and pension funding except compulsory social security16.4 15.0 17.2 18.2 15.8 14.2 16.6 17.2 14.9 13.5 15.5 16.1 13.0 16.6 15.9 15.0
Activities auxiliary to financial services activities 5.1 5.4 5.4 6.0 4.9 5.5 5.2 6.0 4.8 5.4 4.9 5.8 4.8 5.5 5.4 5.2

Gross Value Added in Financial

and Insurance Activities 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 98
Unit: In million Philippine pesos
As of May 2020

Table 19.1 Gross Value Added in Real Estate and Ownership of Dwellings , by Industry
Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Real estate 126,486 142,194 153,990 145,861 146,854 166,776 176,508 161,269 161,071 178,364 189,093 168,727 168,658 568,532 651,407 697,255
Ownership of dwellings 125,326 127,486 128,789 126,200 131,657 134,818 137,126 134,665 140,001 142,896 146,017 142,581 149,484 507,800 538,265 571,494

Gross Value Added in Real Estate and Ownership of

Dwellings 251,812 269,680 282,779 272,061 278,511 301,594 313,634 295,934 301,072 321,260 335,110 311,308 318,142 1,076,332 1,189,673 1,268,749
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In million Philippine pesos
As of May 2020

Table 19.2 Gross Value Added in Real Estate and Ownership of Dwellings , by Industry
Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Real estate 135,191 152,190 163,708 152,228 149,040 167,337 177,076 157,955 159,101 177,545 191,392 166,499 161,405 603,318 651,407 694,537
Ownership of dwellings 131,418 132,390 132,333 129,624 134,195 135,334 135,527 133,209 138,589 139,919 140,492 137,758 142,935 525,766 538,265 556,757

Gross Value Added in Real Estate and Ownership of

Dwellings 266,609 284,580 296,042 281,852 283,236 302,671 312,603 291,163 297,690 317,464 331,884 304,257 304,341 1,129,083 1,189,673 1,251,294
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 99
Unit: In Percent
As of May 2020

Table 19.3 Gross Value Added in Real Estate and Ownership of Dwellings , by Industry
Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Real estate 16.1 17.3 14.6 10.6 9.7 6.9 7.1 4.6 4.7 14.6 7.0
Ownership of dwellings 5.1 5.8 6.5 6.7 6.3 6.0 6.5 5.9 6.8 6.0 6.2

Gross Value Added in Real Estate and Ownership of

Dwellings 10.6 11.8 10.9 8.8 8.1 6.5 6.8 5.2 5.7 10.5 6.6
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 19.4 Gross Value Added in Real Estate and Ownership of Dwellings , by Industry
Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Real estate 10.2 10.0 8.2 3.8 6.8 6.1 8.1 5.4 1.4 8.0 6.6
Ownership of dwellings 2.1 2.2 2.4 2.8 3.3 3.4 3.7 3.4 3.1 2.4 3.4

Gross Value Added in Real Estate and Ownership of

Dwellings 6.2 6.4 5.6 3.3 5.1 4.9 6.2 4.5 2.2 5.4 5.2
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 100
As of May 2020

Table 19.5 Gross Value Added in Real Estate and Ownership of Dwellings , by Industry
Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Real estate 93.6 93.4 94.1 95.8 98.5 99.7 99.7 102.1 101.2 100.5 98.8 101.3 104.5 94.2 100.0 100.4
Ownership of dwellings 95.4 96.3 97.3 97.4 98.1 99.6 101.2 101.1 101.0 102.1 103.9 103.5 104.6 96.6 100.0 102.6

Gross Value Added in Real Estate and Ownership of

Dwellings 94.4 94.8 95.5 96.5 98.3 99.6 100.3 101.6 101.1 101.2 101.0 102.3 104.5 95.3 100.0 101.4
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 101
Unit: In Percent
As of May 2020

Table 19.6 Gross Value Added in Real Estate and Ownership of Dwellings , by Industry
Q1 2017 to Q1 2020
Percent Share, at Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Real estate 50.2 52.7 54.5 53.6 52.7 55.3 56.3 54.5 53.5 55.5 56.4 54.2 53.0 52.8 54.8 55.0
Ownership of dwellings 49.8 47.3 45.5 46.4 47.3 44.7 43.7 45.5 46.5 44.5 43.6 45.8 47.0 47.2 45.2 45.0

Gross Value Added in Real Estate and Ownership of

Dwellings 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 19.7 Gross Value Added in Real Estate and Ownership of Dwellings , by Industry
Q1 2017 to Q1 2020
Percent Share, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Real estate 50.7 53.5 55.3 54.0 52.6 55.3 56.6 54.2 53.4 55.9 57.7 54.7 53.0 53.4 54.8 55.5
Ownership of dwellings 49.3 46.5 44.7 46.0 47.4 44.7 43.4 45.8 46.6 44.1 42.3 45.3 47.0 46.6 45.2 44.5

Gross Value Added in Real Estate and Ownership of

Dwellings 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: Philippine Statistics Authority
National Accounts of the Philippines Page 102
Unit: In million Philippine pesos
As of May 2020

Table 20.1 Gross Value Added in Education, by Industry

Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Public education 84,964 100,765 93,308 95,774 97,169 123,408 114,325 121,669 105,273 144,523 119,173 131,805 118,159 374,811 456,571 500,774
Private education 60,177 79,449 66,159 68,770 59,759 74,486 68,759 72,032 62,427 75,650 73,783 76,857 59,602 274,555 275,036 288,717

Gross Value Added in Education 145,141 180,214 159,467 164,543 156,928 197,895 183,083 193,701 167,700 220,173 192,956 208,662 177,762 649,366 731,607 789,490

Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In million Philippine pesos
As of May 2020

Table 20.2 Gross Value Added in Education, by Industry

Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Public education 101,265 111,665 102,411 88,790 110,718 127,565 114,197 104,092 113,882 147,499 117,104 111,212 122,403 404,131 456,571 489,698
Private education 63,771 80,385 60,987 62,563 63,265 75,184 67,392 69,195 69,013 79,581 68,227 69,924 62,228 267,706 275,036 286,745

Gross Value Added in Education 165,036 192,050 163,398 151,353 173,982 202,749 181,589 173,287 182,895 227,080 185,332 181,136 184,632 671,837 731,607 776,443

Source: Philippine Statistics Authority

National Accounts of the Philippines Page 103
Unit: In Percent
As of May 2020

Table 20.3 Gross Value Added in Education, by Industry

Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Public education 14.4 22.5 22.5 27.0 8.3 17.1 4.2 8.3 12.2 21.8 9.7
Private education -0.7 -6.2 3.9 4.7 4.5 1.6 7.3 6.7 -4.5 0.2 5.0

Gross Value Added in Education 8.1 9.8 14.8 17.7 6.9 11.3 5.4 7.7 6.0 12.7 7.9

Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 20.4 Gross Value Added in Education, by Industry

Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Public education 9.3 14.2 11.5 17.2 2.9 15.6 2.5 6.8 7.5 13.0 7.3
Private education -0.8 -6.5 10.5 10.6 9.1 5.8 1.2 1.1 -9.8 2.7 4.3

Gross Value Added in Education 5.4 5.6 11.1 14.5 5.1 12.0 2.1 4.5 0.9 8.9 6.1

Source: Philippine Statistics Authority

National Accounts of the Philippines Page 104
As of May 2020

Table 20.5 Gross Value Added in Education, by Industry

Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Public education 83.9 90.2 91.1 107.9 87.8 96.7 100.1 116.9 92.4 98.0 101.8 118.5 96.5 92.7 100.0 102.3
Private education 94.4 98.8 108.5 109.9 94.5 99.1 102.0 104.1 90.5 95.1 108.1 109.9 95.8 102.6 100.0 100.7

Gross Value Added in Education 87.9 93.8 97.6 108.7 90.2 97.6 100.8 111.8 91.7 97.0 104.1 115.2 96.3 96.7 100.0 101.7

Source: Philippine Statistics Authority

National Accounts of the Philippines Page 105
Unit: In Percent
As of May 2020

Table 20.6 Gross Value Added in Education, by Industry

Q1 2017 to Q1 2020
Percent Share, at Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Public education 58.5 55.9 58.5 58.2 61.9 62.4 62.4 62.8 62.8 65.6 61.8 63.2 66.5 57.7 62.4 63.4
Private education 41.5 44.1 41.5 41.8 38.1 37.6 37.6 37.2 37.2 34.4 38.2 36.8 33.5 42.3 37.6 36.6

Gross Value Added in Education 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 20.7 Gross Value Added in Education, by Industry

Q1 2017 to Q1 2020
Percent Share, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Public education 61.4 58.1 62.7 58.7 63.6 62.9 62.9 60.1 62.3 65.0 63.2 61.4 66.3 60.2 62.4 63.1
Private education 38.6 41.9 37.3 41.3 36.4 37.1 37.1 39.9 37.7 35.0 36.8 38.6 33.7 39.8 37.6 36.9

Gross Value Added in Education 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

Source: Philippine Statistics Authority

National Accounts of the Philippines Page 106
Unit: In million Philippine pesos
As of May 2020

Table 21.1 Gross Value Added in Human Health and Social Work Activities, by Industry
Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Public human health 13,016 16,442 14,149 17,662 13,243 15,364 15,543 20,298 13,852 13,809 15,275 23,929 19,569 61,270 64,448 66,865
Private human health 44,311 58,353 52,301 55,303 47,933 63,895 55,558 59,001 52,079 66,617 60,280 62,057 55,822 210,269 226,387 241,033
Social work activities 3,639 4,781 4,187 4,914 3,686 4,358 4,176 5,212 3,963 4,412 4,656 6,598 4,068 17,521 17,433 19,628

Gross Value Added in Human Health

and Social Work Activities 60,966 79,577 70,638 77,879 64,863 83,617 75,277 84,511 69,894 84,838 80,210 92,585 79,458 289,060 308,268 327,526

Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In million Philippine pesos
As of May 2020

Table 21.2 Gross Value Added in Human Health and Social Work Activities, by Industry
Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Public human health 16,030 19,495 16,777 17,030 15,770 16,185 15,578 16,915 15,450 14,647 15,868 20,747 20,600 69,333 64,448 66,713
Private human health 53,894 64,009 52,674 52,219 55,510 66,114 52,368 52,395 57,956 67,324 56,085 54,472 60,011 222,795 226,387 235,836
Social work activities 3,974 4,813 4,142 4,259 4,165 4,513 4,217 4,538 4,315 4,300 4,374 5,398 4,222 17,188 17,433 18,387

Gross Value Added in Human Health

and Social Work Activities 73,898 88,317 73,593 73,508 75,446 86,813 72,162 73,847 77,720 86,272 76,327 80,617 84,833 309,316 308,268 320,936

Source: Philippine Statistics Authority

National Accounts of the Philippines Page 107
Unit: In Percent
As of May 2020

Table 21.3 Gross Value Added in Human Health and Social Work Activities, by Industry
Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Public human health 1.7 -6.6 9.8 14.9 4.6 -10.1 -1.7 17.9 41.3 5.2 3.8
Private human health 8.2 9.5 6.2 6.7 8.6 4.3 8.5 5.2 7.2 7.7 6.5
Social work activities 1.3 -8.8 -0.3 6.1 7.5 1.2 11.5 26.6 2.6 -0.5 12.6

Gross Value Added in Human Health

and Social Work Activities 6.4 5.1 6.6 8.5 7.8 1.5 6.6 9.6 13.7 6.6 6.2

Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 21.4 Gross Value Added in Human Health and Social Work Activities, by Industry
Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Public human health -1.6 -17.0 -7.1 -0.7 -2.0 -9.5 1.9 22.7 33.3 -7.0 3.5
Private human health 3.0 3.3 -0.6 0.3 4.4 1.8 7.1 4.0 3.5 1.6 4.2
Social work activities 4.8 -6.2 1.8 6.6 3.6 -4.7 3.7 19.0 -2.2 1.4 5.5

Gross Value Added in Human Health

and Social Work Activities 2.1 -1.7 -1.9 0.5 3.0 -0.6 5.8 9.2 9.2 -0.3 4.1

Source: Philippine Statistics Authority

National Accounts of the Philippines Page 108
As of May 2020

Table 21.5 Gross Value Added in Human Health and Social Work Activities, by Industry
Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Public human health 81.2 84.3 84.3 103.7 84.0 94.9 99.8 120.0 89.7 94.3 96.3 115.3 95.0 88.4 100.0 100.2
Private human health 82.2 91.2 99.3 105.9 86.4 96.6 106.1 112.6 89.9 98.9 107.5 113.9 93.0 94.4 100.0 102.2
Social work activities 91.6 99.3 101.1 115.4 88.5 96.6 99.0 114.9 91.8 102.6 106.4 122.2 96.3 101.9 100.0 106.8

Gross Value Added in Human Health

and Social Work Activities 82.5 90.1 96.0 105.9 86.0 96.3 104.3 114.4 89.9 98.3 105.1 114.8 93.7 93.5 100.0 102.1

Source: Philippine Statistics Authority

National Accounts of the Philippines Page 109
Unit: In Percent
As of May 2020

Table 21.6 Gross Value Added in Human Health and Social Work Activities, by Industry
Q1 2017 to Q1 2020
Percent Share, at Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Public human health 21.3 20.7 20.0 22.7 20.4 18.4 20.6 24.0 19.8 16.3 19.0 25.8 24.6 21.2 20.9 20.4
Private human health 72.7 73.3 74.0 71.0 73.9 76.4 73.8 69.8 74.5 78.5 75.2 67.0 70.3 72.7 73.4 73.6
Social work activities 6.0 6.0 5.9 6.3 5.7 5.2 5.5 6.2 5.7 5.2 5.8 7.1 5.1 6.1 5.7 6.0

Gross Value Added in Human Health

and Social Work Activities 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 21.7 Gross Value Added in Human Health and Social Work Activities, by Industry
Q1 2017 to Q1 2020
Percent Share, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Public human health 21.7 22.1 22.8 23.2 20.9 18.6 21.6 22.9 19.9 17.0 20.8 25.7 24.3 22.4 20.9 20.8
Private human health 72.9 72.5 71.6 71.0 73.6 76.2 72.6 71.0 74.6 78.0 73.5 67.6 70.7 72.0 73.4 73.5
Social work activities 5.4 5.4 5.6 5.8 5.5 5.2 5.8 6.1 5.6 5.0 5.7 6.7 5.0 5.6 5.7 5.7

Gross Value Added in Human Health

and Social Work Activities 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

Source: Philippine Statistics Authority

National Accounts of the Philippines Page 110
Unit: In million Philippine pesos
As of May 2020

Table 22.1 Gross Value Added in Other Services, by Industry

Q1 2017 to Q1 2020
At Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Arts, entertainment and recreation 61,920 70,527 49,742 68,087 63,431 72,314 50,947 72,123 69,811 80,327 56,634 79,897 66,330 250,277 258,815 286,669
Other service activities 37,728 31,713 29,896 39,065 42,422 35,817 32,504 41,468 45,899 38,481 33,603 44,954 43,759 138,402 152,210 162,936

Gross Value Added in Other Services 99,648 102,240 79,639 107,153 105,853 108,131 83,451 113,590 115,710 118,808 90,237 124,850 110,089 388,679 411,025 449,605

Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In million Philippine pesos
As of May 2020

Table 22.2 Gross Value Added in Other Services, by Industry

Q1 2017 to Q1 2020
At Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Arts, entertainment and recreation 62,434 70,517 49,551 67,766 63,975 72,746 50,877 71,218 68,489 77,705 54,279 76,097 64,127 250,268 258,815 276,571
Other service activities 39,504 32,941 30,766 39,754 43,017 35,904 32,313 40,975 45,674 38,146 33,216 44,325 41,385 142,965 152,210 161,361

Gross Value Added in Other Services 101,938 103,458 80,317 107,520 106,992 108,650 83,190 112,193 114,163 115,851 87,496 120,422 105,512 393,233 411,025 437,932

Source: Philippine Statistics Authority

National Accounts of the Philippines Page 111
Unit: In Percent
As of May 2020

Table 22.3 Gross Value Added in Other Services, by Industry

Q1 2018 to Q1 2020
Growth Rates, at Current Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Arts, entertainment and recreation 2.4 2.5 2.4 5.9 10.1 11.1 11.2 10.8 -5.0 3.4 10.8
Other service activities 12.4 12.9 8.7 6.1 8.2 7.4 3.4 8.4 -4.7 10.0 7.0

Gross Value Added in Other Services 6.2 5.8 4.8 6.0 9.3 9.9 8.1 9.9 -4.9 5.7 9.4

Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 22.4 Gross Value Added in Other Services, by Industry

Q1 2018 to Q1 2020
Growth Rates, at Constant 2018 Prices

2017 - 2018 2018 - 2019 2019 - 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 - 2018 2018 - 2019

Arts, entertainment and recreation 2.5 3.2 2.7 5.1 7.1 6.8 6.7 6.9 -6.4 3.4 6.9
Other service activities 8.9 9.0 5.0 3.1 6.2 6.2 2.8 8.2 -9.4 6.5 6.0

Gross Value Added in Other Services 5.0 5.0 3.6 4.3 6.7 6.6 5.2 7.3 -7.6 4.5 6.5

Source: Philippine Statistics Authority

National Accounts of the Philippines Page 112
As of May 2020

Table 22.5 Gross Value Added in Other Services, by Industry

Q1 2017 to Q1 2020
Implicit Price Index

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Arts, entertainment and recreation 99.2 100.0 100.4 100.5 99.2 99.4 100.1 101.3 101.9 103.4 104.3 105.0 103.4 100.0 100.0 103.7
Other service activities 95.5 96.3 97.2 98.3 98.6 99.8 100.6 101.2 100.5 100.9 101.2 101.4 105.7 96.8 100.0 101.0

Gross Value Added in Other Services 97.8 98.8 99.2 99.7 98.9 99.5 100.3 101.2 101.4 102.6 103.1 103.7 104.3 98.8 100.0 102.7

Source: Philippine Statistics Authority

National Accounts of the Philippines Page 113
Unit: In Percent
As of May 2020

Table 22.6 Gross Value Added in Other Services, by Industry

Q1 2017 to Q1 2020
Percent Share, at Current Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Arts, entertainment and recreation 62.1 69.0 62.5 63.5 59.9 66.9 61.1 63.5 60.3 67.6 62.8 64.0 60.3 64.4 63.0 63.8
Other service activities 37.9 31.0 37.5 36.5 40.1 33.1 38.9 36.5 39.7 32.4 37.2 36.0 39.7 35.6 37.0 36.2

Gross Value Added in Other Services 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

Source: Philippine Statistics Authority

National Accounts of the Philippines

Unit: In Percent
As of May 2020

Table 22.7 Gross Value Added in Other Services, by Industry

Q1 2017 to Q1 2020
Percent Share, at Constant 2018 Prices

2017 2018 2019 2020 Annual

Industry Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

Arts, entertainment and recreation 61.2 68.2 61.7 63.0 59.8 67.0 61.2 63.5 60.0 67.1 62.0 63.2 60.8 63.6 63.0 63.2
Other service activities 38.8 31.8 38.3 37.0 40.2 33.0 38.8 36.5 40.0 32.9 38.0 36.8 39.2 36.4 37.0 36.8

Gross Value Added in Other Services 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

Source: Philippine Statistics Authority

 i

THE SEASONALLY ADJUSTED

NATIONAL ACCOUNTS OF THE PHILIPPINES
First Quarter 2020

5,500
Original Data vs. Seasonally Adjusted
Gross Domestic Product SEASONALLY ADJUSTED
Q1 2013 to Q1 2020
5,250
GROSS DOMESTIC PRODUCT &
5,000

4,750
GROSS NATIONAL INCOME
4,500
in Billion Php

■
4,250

4,000
Gross Domestic Product (GDP)
3,750 declined quarter-on-quarter by 5.1 percent in
3,500 the first quarter of 2020. Manufacturing,
3,250 ORIGINAL
Transportation and storage, Accommodation
3,000 SEASONAL ADJ
and food service activities were the top drivers
2,750

2,500
0
of decline for the quarter. On the other hand,
Financial and insurance activities, Public
Q4

Q2
Q1
Q2
Q3
Q4
Q1
Q2
Q3

Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1

Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1

2013 2014 2015 2016 2017 2018 2019 2020

administration and defense, and Trade are the
main contributors to growth.
Original Data vs. Seasonally Adjusted
Gross National Income
All major industries posted quarter-on-quarter
6,000

5,750
Q1 2013 to Q1 2020 decline. Agriculture, forestry and fishing;
5,500 Industry; and Services declined by 1.1 percent,
5,250

5,000
8.0 percent and
4,750 4.3 percent, respectively.
in Billion Php

4,500

4,250

4,000
Moreover, Gross National Income (GNI) also
3,750 posted quarter-on-quarter decline of
3,500

3,250 ORIGINAL
5.2 percent in the first quarter of 2020.
3,000 SEASON ADJ
2,750

2,500
0
Q4

Q3
Q1
Q2
Q3

Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2

Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1

2013 2014 2015 2016 2017 2018 2019 2020

Original Data vs. Seasonally Adjusted

Household Final Consumption Expenditure
HOUSEHOLD FINAL CONSUMPTION
4,250
Q1 2013 to Q1 2020
4,000
EXPENDITURE
3,750
■ On the demand side, Household Final
3,500
Consumption Expenditure (HFCE) declined
in Billion Php

3,250
quarter-on-quarter by 3.8 percent in the first
3,000
quarter of 2020. Decline in HFCE was driven
2,750 by the following: Restaurants and hotels;
ORIGINAL
2,500 Transport; and Alcoholic beverages, tobacco.
SEASONAL ADJ
2,250

0
2,000
Q3
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2

Q4
Q1

2013 2014 2015 2016 2017 2018 2019 2020

 ii

Original Data vs. Seasonally Adjusted

Gross Value Added for Agriculture, Forestry AGRICULTURE, FORESTRY AND
and Fishing
550
Q1 2013 to Q1 2020 FISHING
525
■ Agriculture, Forestry and Fishing
500

475
declined quarter-on-quarter by
1.1 percent in the first quarter
in Billion Php

450

425
of 2020. Top contributors to the decline
400
were Fishing and Aquaculture; Palay;
375 and Coconut including Copra.
350 ORIGINAL

325 SEASON ADJ

0
300
Q1

Q2

Q3
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4

Q2
Q3
Q4
Q1

Q3
Q4
Q1
Q2

Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
2013 2014 2015 2016 2017 2018 2019 2020

Original Data vs. Seasonally Adjusted INDUSTRY

Gross Value Added for Industry
Q1 2013 to Q1 2020
1,800
■ Industry posted a quarter-on-quarter
1,600
decline of 8.0 percent in the first
quarter of 2020 from the 1.9 percent
1,400
growth in the previous quarter.
Industries that contributed to the
in BillionPhp

1,200

decline were: Manufacturing; Mining

1,000 and quarrying; and Construction.
ORIGINAL
800
SEASON ADJ

0
600
Q2

Q2
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1

Q3
Q4
Q1
Q2
Q3
Q4
Q1

Q3
Q4
Q1
Q2
Q3
Q4
Q1

2013 2014 2015 2016 2017 2018 2019 2020

Original Data vs. Seasonally Adjusted SERVICES

Gross Value Added for Services
3,300 Q1 2013 to Q1 2020

3,100
■ Services also posted a quarter-on-
2,900
quarter decline of 4.3 percent in the first
quarter of 2020. The main drivers of
2,700
decline were Transportation and storage;
in Billion Php

2,500
Accommodation and food service
2,300
activities; and Other services.
2,100

1,900 ORIGINAL

SEASONAL ADJ
1,700

0
1,500
Q4

Q1
Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q1

Q2

Q3

Q4

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

2013 2014 2015 2016 2017 2018 2019 2020

 iii

SUMMARY TABLE 1.
SEASONALLY ADJUSTED NATIONAL ACCOUNTS SERIES
At Constant 2018 Prices, In Million Pesos
(First Quarter 2013 to First Quarter 2020)

Year Qtr AHFF Industry Services GDP GNI HFCE

2013 Q1 410,602 995,734 1,864,953 3,271,288 3,654,834 2,379,099
Q2 406,249 967,722 1,900,689 3,274,661 3,641,806 2,425,761
Q3 420,899 983,160 1,934,986 3,339,044 3,790,398 2,478,133
Q4 407,285 978,225 1,980,347 3,365,858 3,751,292 2,509,343
2014 Q1 417,795 1,035,573 2,009,670 3,463,039 3,877,726 2,534,761
Q2 419,611 1,045,627 2,031,608 3,496,846 3,908,758 2,566,722
Q3 412,535 1,059,178 2,064,147 3,535,859 3,970,678 2,609,166
Q4 425,879 1,075,895 2,092,925 3,594,698 3,996,479 2,649,208
2015 Q1 425,140 1,091,767 2,134,848 3,651,755 4,073,992 2,690,410
Q2 420,790 1,115,726 2,177,439 3,713,955 4,136,487 2,731,713
Q3 413,604 1,123,951 2,226,873 3,764,428 4,205,319 2,776,730
Q4 428,584 1,156,547 2,264,675 3,849,805 4,298,751 2,827,667
2016 Q1 408,275 1,189,023 2,318,333 3,915,631 4,368,469 2,884,126
Q2 414,674 1,203,616 2,364,438 3,982,728 4,433,587 2,933,274
Q3 426,148 1,223,742 2,387,480 4,037,370 4,485,969 2,982,670
Q4 422,761 1,239,507 2,452,643 4,114,911 4,564,866 3,016,546
2017 Q1 429,572 1,259,704 2,487,110 4,176,386 4,652,788 3,056,003
Q2 438,878 1,290,619 2,535,159 4,264,656 4,749,847 3,107,033
Q3 439,105 1,321,232 2,576,207 4,336,544 4,815,759 3,150,994
Q4 435,411 1,325,396 2,625,329 4,386,136 4,855,648 3,204,976
2018 Q1 441,082 1,353,933 2,661,343 4,456,357 4,938,422 3,233,513
Q2 438,651 1,389,216 2,705,582 4,533,449 5,020,442 3,297,400
Q3 439,235 1,405,749 2,754,184 4,599,168 5,097,526 3,328,478
Q4 443,285 1,425,851 2,793,743 4,662,879 5,147,010 3,382,309
2019 Q1 444,126 1,426,480 2,850,865 4,721,471 5,186,830 3,434,125
Q2 441,540 1,426,085 2,908,241 4,775,867 5,270,615 3,481,363
Q3 450,232 1,479,146 2,955,594 4,884,972 5,356,818 3,530,029
Q4 447,843 1,507,227 3,019,757 4,974,826 5,452,734 3,574,049
2020 Q1 442,871 1,386,186 2,889,680 4,718,737 5,166,623 3,438,912
 iv
SUMMARY TABLE 2.
QUARTER TO QUARTER GROWTH RATES
(First Quarter 2013 to First Quarter 2020)
(in percent)
Year Qtr. AHFF Industry Services GDP GNI HFCE
2013 Q1
Q2 -1.1 -2.8 1.9 0.1 -0.4 2.0
Q3 3.6 1.6 1.8 2.0 4.1 2.2
Q4 -3.2 -0.5 2.3 0.8 -1.0 1.3
2014 Q1 2.6 5.9 1.5 2.9 3.4 1.0
Q2 0.4 1.0 1.1 1.0 0.8 1.3
Q3 -1.7 1.3 1.6 1.1 1.6 1.7
Q4 3.2 1.6 1.4 1.7 0.6 1.5
2015 Q1 -0.2 1.5 2.0 1.6 1.9 1.6
Q2 -1.0 2.2 2.0 1.7 1.5 1.5
Q3 -1.7 0.7 2.3 1.4 1.7 1.6
Q4 3.6 2.9 1.7 2.3 2.2 1.8
2016 Q1 -4.7 2.8 2.4 1.7 1.6 2.0
Q2 1.6 1.2 2.0 1.7 1.5 1.7
Q3 2.8 1.7 1.0 1.4 1.2 1.7
Q4 -0.8 1.3 2.7 1.9 1.8 1.1
2017 Q1 1.6 1.6 1.4 1.5 1.9 1.3
Q2 2.2 2.5 1.9 2.1 2.1 1.7
Q3 0.1 2.4 1.6 1.7 1.4 1.4
Q4 -0.8 0.3 1.9 1.1 0.8 1.7
2018 Q1 1.3 2.2 1.4 1.6 1.7 0.9
Q2 -0.6 2.6 1.7 1.7 1.7 2.0
Q3 0.1 1.2 1.8 1.4 1.5 0.9
Q4 0.9 1.4 1.4 1.4 1.0 1.6
2019 Q1 0.2 0.0 2.0 1.3 0.8 1.5
Q2 -0.6 0.0 2.0 1.2 1.6 1.4
Q3 2.0 3.7 1.6 2.3 1.6 1.4
Q4 -0.5 1.9 2.2 1.8 1.8 1.2
2020 Q1 -1.1 -8.0 -4.3 -5.1 -5.2 -3.8
 v

SEASONALLY ADJUSTED NATIONAL ACCOUNTS SERIES QUARTER TO QUARTER GROWTH RATES

At Constant Prices (2018=100) First Quarter 2013 to First Quarter 2020
(As of May 2020)
4.0
SEASONALLY ADJUSTED GDP
3.0

5,300 2.0

1.0

Growth Rate (In Percent)

4,800
0.0
4,300 -1.0
In Billion Pesos

3,800 -2.0

-3.0
3,300
-4.0
2,800 -5.0

0
2,300 -6.0
2013 2014 2015 2016 2017 2018 2019 2020 2013 2014 2015 2016 2017 2018 2019 2020

`
4.6
SEASONALLY ADJUSTED GNI

2.3
5,600

Growth Rate (In Percent)

5,400
5,200
0.0
5,000
4,800
4,600
In Billion Pesos

-2.3
4,400
4,200
4,000
-4.6
3,800
3,600
3,400
-6.9
3,200
2013 2014 2015 2016 2017 2018 2019 2020
0
3,000
2013 2014 2015 2016 2017 2018 2019 2020

3.0
SEASONALLY ADJUSTED HFCE
2.0

3,800
1.0
3,600
Growth Rate (In Percent)

3,400 0.0
3,200
In Billion Pesos

3,000
-1.0

2,800
-2.0
2,600
2,400 -3.0
2,200
2,000 -4.0
0
1,800
2013 2014 2015 2016 2017 2018 2019 2020 -5.0
2013 2014 2015 2016 2017 2018 2019 2020

`
 vi

SEASONALLY ADJUSTED NATIONAL ACCOUNTS SERIES QUARTER TO QUARTER GROWTH RATES

At Constant Prices (2018=100) First Quarter 2013 to First Quarter 2020
(As of May 2020)

AGRICULTURE 5.0
475
4.0
455 3.0

435 2.0

Growth Rate (In Percent)

1.0
415
In Billion Pesos

0.0
395
-1.0
375 -2.0
-3.0
355
-4.0
335
-5.0
0
315 -6.0
2013 2014 2015 2016 2017 2018 2019 2020 2013 2014 2015 2016 2017 2018 2019 2020

INDUSTRY 8.0
1,600
6.0
1,500
4.0
1,400

Growth Rate (In Percent)

2.0
1,300
In Billion Pesos

1,200 0.0

1,100 -2.0

1,000 -4.0

900 -6.0

800 -8.0
0
700
-10.0
2013 2014 2015 2016 2017 2018 2019 2020
2013 2014 2015 2016 2017 2018 2019 2020

3,120
SERVICES 4.0

2,920
2.0
2,720
Growth Rate (In Percent)

2,520
0.0
In Billion Pesos

2,320

2,120

1,920 -2.0

1,720

1,520 -4.0
1,320

0
1,120 -6.0
2013 2014 2015 2016 2017 2018 2019 2020 2013 2014 2015 2016 2017 2018 2019 2020
National Accounts of the Philippines vii
Base Year: 2018
As of May 2020

Indicators Derived from the National Accounts

2017 2018 2019 2020 ANNUAL

Indicators Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019

01. Labor Productivity

A. GDP to Total Employment
Levels (in pesos, constant)
Total 100,641 110,187 103,125 111,587 100,960 115,425 108,174 119,335 107,755 121,248 108,862 121,916 104,352 425,844 443,789 459,795
Agriculture, Forestry and Fishing 26,180 24,971 25,921 25,310 24,154 26,814 27,993 26,377 28,667 29,677 26,008 25,946 27,167 169,882 176,293 186,702
Industry 178,571 182,409 154,912 190,874 172,918 181,250 161,499 195,567 167,953 182,814 166,920 201,205 166,000 705,909 711,540 719,031
Services 102,819 119,820 114,619 113,378 105,908 123,846 116,953 121,744 110,035 127,906 118,206 124,130 107,382 450,611 468,401 480,346
Growth Rates (in percent)
Total 10.0 8.2 9.6 7.0 0.3 4.8 4.9 6.9 6.7 5.0 0.6 2.2 -3.2 8.7 4.2 3.6
Agriculture, Forestry and Fishing 8.8 -1.2 10.1 13.8 -7.7 7.4 8.0 4.2 18.7 10.7 -7.1 -1.6 -5.2 12.4 3.8 5.9
Industry 5.4 6.4 2.3 2.0 -3.2 -0.6 4.3 2.5 -2.9 0.9 3.4 2.9 -1.2 4.0 0.8 1.1
Services 9.3 10.1 8.7 3.0 3.0 3.4 2.0 7.4 3.9 3.3 1.1 2.0 -2.4 7.7 3.9 2.6
B. GDP to Total Hours Worked (in pesos, constant) 187.4 210.3 188.0 205.8 191.3 211.4 193.5 214.3 191.8 223.8 201.2 224.4 185.2 197.9 202.6 210.3
02. Major Industries Contribution to GNI
(in percentage points, constant)
Agriculture, Forestry and Fishing 0.5 0.5 0.3 0.3 0.2 0.0 0.0 0.2 0.1 0.1 0.2 0.1 0.0 0.4 0.1 0.1
Industry 1.5 1.9 2.2 2.0 1.9 2.1 1.7 2.2 1.4 0.7 1.4 1.7 -0.8 1.9 2.0 1.3
Services 3.7 4.0 4.3 3.7 3.6 3.7 3.8 3.4 3.7 4.1 4.1 4.3 0.7 3.9 3.6 4.1
Net Primary Income 0.6 0.7 0.9 0.3 0.3 -0.1 0.6 0.1 -0.2 0.0 -0.5 -0.3 -0.4 0.6 0.2 -0.2
Total GNI 6.3 7.2 7.7 6.3 6.0 5.7 6.1 5.9 5.0 4.9 5.2 5.8 -0.6 6.8 5.9 5.2
03. Terms of Trade (in percent) 100.0 100.8 100.2 114.6 97.6 97.0 97.8 108.1 94.9 96.5 92.1 106.4 99.3 103.6 100.0 97.2
04. Trading Gains/Losses (in million pesos, constant) 606 12,276 2,457 197,660 -37,082 -52,989 -37,731 126,819 -85,395 -62,501 -138,900 100,923 -10,386 212,999 -984 -185,874
05. Trade Balance
A. Net Export
Levels (in million pesos, current) -414,250 -334,606 -325,464 -426,339 -458,990 -567,326 -549,942 -567,379 -615,118 -531,671 -611,897 -569,024 -392,090 -1,500,660 -2,143,637 -2,327,710
Growth Rates (in percent, current) 43.9 22.3 -5.7 15.5 10.8 69.6 69.0 33.1 34.0 -6.3 11.3 0.3 -36.3 17.6 42.8 8.6
Share to GDP (in percent, current) -11.1 -8.1 -8.1 -9.2 -11.2 -12.4 -12.4 -11.0 -13.9 -10.9 -12.9 -10.3 -8.8 -9.9 -14.2 -15.4
B. Net Merchandise Export (in million pesos, current) -640,474 -638,336 -532,909 -531,763 -779,967 -932,826 -773,489 -665,763 -948,809 -921,418 -863,660 -668,646 -713,971 -2,343,482 -3,152,045 -3,402,534
06. Trade to GDP (in percent, current) 65.7 55.6 74.7 66.0 72.0 61.5 76.4 72.0 77.8 64.0 76.6 68.3 72.5 68.2 72.2 68.6
07. Total Exports (in million, current)
Pesos 1,192,114 1,202,642 1,284,166 1,213,949 1,337,126 1,361,794 1,455,659 1,363,993 1,386,974 1,392,674 1,409,248 1,342,055 1,331,154 4,892,870 5,518,573 5,530,950
US $ (FOB) 23,849 24,123 25,261 23,838 25,983 25,966 27,184 25,650 26,495 26,761 27,230 26,319 26,195 97,072 104,783 106,804
Share to GDP (in percent) 31.8 29.0 32.0 26.2 32.6 29.8 32.7 26.5 31.4 28.7 29.8 24.4 29.8 29.6 30.2 28.3
08. Total Imports (in million, current)
Pesos 1,367,676 1,367,676 1,367,676 1,367,676 1,367,676 1,367,676 1,367,676 1,367,676 1,367,676 1,367,676 1,367,676 1,367,676 1,367,676 6,393,529 7,662,209 7,858,661
US $ (CIF) 27,362 27,433 26,904 26,857 26,577 26,078 25,541 25,719 26,126 26,281 26,426 26,821 26,913 108,556 103,915 105,655
Share to GDP (in percent) 42.9 37.0 40.1 35.4 43.8 42.2 45.1 37.5 45.3 39.6 42.7 34.7 38.5 38.6 41.9 40.3
09. Share of Top Five Imports to Total Merchandise
Exports (in percent, current) 59.5 65.7 71.5 65.9 56.9 65.5 71.6 64.2 42.9 13.4 9.8 9.7 12.1 65.7 64.6 19.0
10. Share of Top Five Imports to Total Merchandise
Imports (in percent, current) 77.3 62.3 57.7 58.9 58.5 76.2 78.0 50.9 59.4 37.6 35.4 30.5 5.3 64.1 65.9 40.7
11. Ratio of NPI to GNI (in percent, current) 9.7 10.2 10.2 9.7 10.5 10.1 11.4 10.1 11.0 10.3 10.6 9.6 10.7 9.9 9.6 9.0
12. Inflow of compensation
Pesos (att current prices) 527,830 528,728 543,310 543,151 568,306 580,933 592,253 585,026 594,043 598,912 626,338 611,335 587,972 2,143,019 2,326,518 2,430,628
US $ 10,560 10,605 10,688 10,666 11,043 11,077 11,060 11,001 11,348 11,509 12,102 11,989 11,570 42,519 44,182 46,947
Growth Rates (pesos) 7.1 8.9 10.5 5.8 7.7 9.9 9.0 7.7 4.5 3.1 5.8 4.5 -1.0 8.0 8.6 4.5
Growth Rates (US $) 1.3 1.6 2.3 2.0 4.6 4.4 3.5 3.1 2.8 3.9 9.4 9.0 2.0 1.8 3.9 6.3
Share to GNI (in percent, current) 12.6 11.5 12.1 10.6 12.4 11.5 11.9 10.4 12.1 11.2 12.0 10.2 11.9 11.7 11.5 11.3
Share to GDP (in percent, current) 14.1 12.7 13.5 11.7 13.9 12.7 13.3 11.4 13.4 12.3 13.2 11.1 13.1 12.9 12.7 12.5
13. Fixed Capital Formation to GDP (in percent, current) 25.1 26.4 26.1 25.0 25.9 28.6 28.3 26.4 26.5 27.0 29.1 26.2 25.0 25.6 27.3 27.2
14. HFCE/GDP (in percent, current) 74.3 70.4 71.9 72.3 74.4 70.9 72.5 72.5 75.5 72.1 73.2 72.3 76.5 72.2 72.5 73.2
15. Manufacturing to GDP (in percent, current) 20.5 17.6 17.9 21.8 20.1 17.3 17.5 21.3 19.9 16.6 16.3 20.9 17.9 19.5 19.1 18.5
16. Debt to GDP
A. National Government Debt Service
(in million pesos) * 248,650 129,719 204,535 97,563 198,200 217,698 204,640 105,051 220,196 165,058 172,964 284,231 0 680,466 725,589 842,449
B. Ratio (in percent, current) 6.6 3.1 5.1 2.1 4.8 4.8 4.6 2.0 5.0 3.4 3.7 5.2 0.0 4.1 4.0 4.3

* Full quarter data for Q1 2020 is not yet available as of May 2020 estimation.
Source: Philippine Statistics Authority
 Calendar of Release of the National and Regional Accounts
for CY 2020

In accordance with goals and strategies of the Philippine Statistics Authority (PSA)
for the release of its products and services particularly the Quarterly National
Accounts, we are transmitting the following schedule of releases for the year 2020
including the release of other related accounts:

2000 to 2019 Annual and Quarterly Revised 20 April 2020

and Rebased to 2018 Series

First quarter (Q1) 2020 National Accounts 07 May 2020

Second quarter (Q2) 2020 National Accounts 06 August 2020

Third quarter (Q3) 2020 National Accounts 10 November 2020

2017-2019 Gross Regional Domestic Product and 22 October 2020

2017-2019 Gross Regional Domestic Expenditure
 NATIONAL ACCOUNTS OF THE PHILIPPINES
PHILIPPINE STATISTICS AUTHORITY

CLAIRE DENNIS S. MAPA, Ph.D

Undersecretary
National Statistician and Civil Registrar General

ROSALINDA P. BAUTISTA
Assistant Secretary
Sectoral Statistics Office

VIVIAN R. ILARINA
Assistant National Statistician
Macroeconomic Accounts Service

FLORANDE S. POLISTICO MARK C. PASCASIO

Chief Chief
Production Accounts Division Expenditure Accounts Division

ALMA S. BELLO MARIA CAROL G. DURAN

Officer-in-Charge Chief
Satellite Accounts Division Agricultural Accounts Division

LIBERTIE V. MASCULINO VIRGINIA M. BATHAN

Officer-in-Charge Officer-in-Charge
Integrated Accounts Division Environmental and Natural Resources
Accounts Division

PRODUCTION ACCOUNTS

Agriculture, Forestry, and Fishing Cynthia P. Donato

Mary Grace M. Nuñez
Industry

Mining and Quarrying Jomar S. Garachico

Manufacturing Faith Hyacinth M. Balisacan
Electricity, Steam, Water and Waste Chelo M. Nuyda
Management
Construction Dean Joseph A. Villanueva
Services

Wholesale and retail trade; repair Anne Pauline M. Genevia

of motor vehicles and motorcycles
Transportation and storage Jenny Lou Z. Delas Alas
Accommodation and food service activities Juna Alyanna F. Grimaldo
Information and communication Jenny Lou Z. Delas Alas
Financial and insurance activities Chelo M. Nuyda
Real estate and ownership of dwellings Aaron Paolo B. Uy
Professional and business services Aaron Paolo B. Uy
Public administration and defense; Gerald Junne L. Clariño
compulsory social activities
Education Kristy Ann G. Meguiso
Human health and social work activities Kristy Ann G. Meguiso
Other services Kristy Ann G. Meguiso
EXPENDITURE ACCOUNTS

Household Final Consumption Expenditure Jumille Anne F. Gamis

Government Final Consumption Expenditure Gerald Junne L. Clariño
Capital Formation
Fixed Capital
Construction Dean Joseph A. Villanueva
Durable Equipment Grant Rene C. Mesa

Breeding Stock and Orchard

Development Naha Marie T. Bañoc
Intellectual Property Products Joermine Elaine P. Robredo
Changes in Inventories Rica D. Corpuz
Valuables Grant Rene C. Mesa

Exports
Exports of Goods Anthony B. Abalos
Exports of Services Arline D. Dimafelix

Imports
Imports of Goods Anthony B. Abalos
Imports of Services Arline D. Dimafelix

Net Primary Income Lea T. Chavez

SEASONAL ADJUSTMENT Sonny U. Gutierrez/

Precious Anne C. Cañete

CONSOLIDATION OF HIGHLIGHTS Haidee DT. Orellana

CONSOLIDATION OF ACCOUNTS Ma. Libertie V. Masculino

Sonny U. Gutierrez
Precious Anne C. Cañete
Maria Bernadette L. Dizon
Angelica E. Samartino
For inquiries:

Philippine Statistics Authority

PSA CVEA Building, East Avenue, Diliman, Quezon City, Philippines 1101

Tel. No. +63(2) 84626600 loc. 820 . Telefax No. +63(2) 84626600 loc. 839

E-mail address: info@psa.gov.ph . kmcd.staff@psa.gov.ph

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