National Accounts of the Philippines

Unit: In billion Philippine Pesos

As of April 2022

Table 1.1 Gross National Income and Gross Domestic Product, by Expenditure
Annual 2010 to 2021
At Current Prices

Expenditure 2010 2011 2012 2013 2014 2015

01. Household final consumption expenditure 6,598 7,317 8,025 8,678 9,413 10,106
02. Government final consumption expenditure 914 985 1,194 1,304 1,395 1,522
03. Gross capital formation 1,921 2,104 2,164 2,488 2,763 2,976
A. Gross fixed capital formation 1,918 1,924 2,204 2,504 2,755 3,100
1. Construction 1,088 1,063 1,298 1,492 1,681 1,891
2. Durable equipment 568 581 615 714 780 894
3. Breeding stocks and orchard development 226 241 245 249 234 249
4. Intellectual property products 36 39 46 50 60 66
B. Changes in inventories 2 179 -42 -18 7 -125
C. Valuables 2 1 1 1 1 1
04. Exports of goods and services 3,090 2,953 3,038 3,155 3,613 3,794
A. Exports of goods 2,052 1,955 2,060 2,018 2,288 2,201
B. Exports of services 1,038 997 978 1,136 1,325 1,593
05. Less : Imports of goods and services 3,123 3,215 3,360 3,573 3,977 4,453
A. Imports of goods 2,460 2,594 2,675 2,773 3,066 3,411
B. Imports of services 663 621 685 800 911 1,042
06. Statistical discrepancy - - - - - -
- - - - - -
Gross Domestic Product 9,399 10,145 11,061 12,051 13,207 13,944

Net primary income from the rest of the world 1,055 1,095 1,221 1,417 1,522 1,594

Gross National Income 10,454 11,240 12,281 13,468 14,729 15,538

Source: Philippine Statistics Authority

Table 1.2 Gross National Income and Gross Domestic Product, by Expenditure
Annual 2010 to 2021
At Constant 2018 Prices

Expenditure 2010 2011 2012 2013 2014 2015

01. Household final consumption expenditure 8,215 8,671 9,261 9,800 10,366 11,035
02. Government final consumption expenditure 1,206 1,229 1,419 1,489 1,543 1,665
03. Gross capital formation 2,226 2,170 2,287 2,709 2,933 3,327
A. Gross fixed capital formation 2,222 2,129 2,402 2,687 2,901 3,301
1. Construction 1,369 1,248 1,476 1,667 1,828 2,043
2. Durable equipment 541 566 600 688 728 884
3. Breeding stocks and orchard development 289 290 297 298 303 319
4. Intellectual property products 22 25 29 34 43 55
B. Changes in inventories 2 39 -116 21 31 24
C. Valuables 2 1 1 1 2 1
04. Exports of goods and services 2,952 2,929 3,061 3,122 3,501 3,849
A. Exports of goods 1,769 1,698 1,902 1,817 2,058 2,133
B. Exports of services 1,183 1,232 1,160 1,304 1,442 1,717
05. Less : Imports of goods and services 3,416 3,384 3,612 3,865 4,248 4,885
A. Imports of goods 2,668 2,717 2,867 3,037 3,334 3,818
B. Imports of services 747 667 745 828 913 1,067
06. Statistical discrepancy - - - - - -

Gross Domestic Product 11,184 11,615 12,416 13,255 14,096 14,991

Net primary income from the rest of the world 1,302 1,288 1,398 1,586 1,662 1,731
Gross National Income 12,486 12,903 13,814 14,841 15,758 16,722
2016 2017 2018 2019 2020 2021
10,979 11,951 13,250 14,288 13,476 14,610 Share
1,704 1,875 2,200 2,433 2,740 3,021 Consumption
3,725 4,232 4,959 5,153 3,130 4,112 2010 70.2
3,783 4,246 4,983 5,300 3,824 4,327 2011 72.1
2,215 2,422 2,940 3,291 2,332 2,682 2012 72.6
1,205 1,394 1,527 1,452 944 1,073 2013 72.0
282 327 398 418 422 428 2014 71.3
81 103 119 139 126 144 2015 72.5
-58 -15 -27 -149 -695 -216 2016 72.6
1 2 3 1 1 1 2017 72.2
4,036 4,893 5,519 5,540 4,524 4,997 2018 72.5
2,255 2,759 3,082 2,942 2,552 2,916 2019 73.2
1,781 2,134 2,437 2,598 1,972 2,081 2020 75.1
5,312 6,394 7,662 7,897 5,918 7,329 2021 75.3
4,166 5,102 6,234 6,345 4,790 6,307 [Component] contributed [Share]% of GDP in [Yea
1,146 1,291 1,428 1,552 1,128 1,022
- - - - - - Averag
- - - - - - Consumption
15,132 16,557 18,265 19,518 17,952 19,411 2010-2015 71.8
2015-2020 73.0
1,681 1,827 1,947 1,954 1,360 694 2020-2021 75.2
[Component] contributed an annual average of [A
16,813 18,383 20,212 21,472 19,312 20,104 Household consumption contributes the most to
2016 2017 2018 2019 2020 2021 Annua
11,823 12,528 13,250 14,027 12,911 13,457 Consumption
1,821 1,940 2,200 2,400 2,652 2,840 2010-2011 5.6
4,018 4,456 4,959 5,132 3,376 4,061 2011-2012 6.8
3,991 4,412 4,983 5,176 3,762 4,136 2012-2013 5.8
2,353 2,558 2,940 3,206 2,243 2,491 2013-2014 5.8
1,220 1,388 1,527 1,425 1,002 1,123 2014-2015 6.4
345 368 398 404 390 377 2015-2016 7.1
73 97 119 141 128 144 2016-2017 6.0
27 43 -27 -45 -387 -76 2017-2018 5.8
1 2 3 1 1 1 2018-2019 5.9
4,204 4,935 5,519 5,664 4,750 5,128 2019-2020 -8.0
2,307 2,726 3,082 3,116 2,849 3,181 2020-2021 4.2
1,897 2,210 2,437 2,548 1,900 1,947 [Component] registered an increase of [Growth R
5,804 6,683 7,662 7,841 6,151 6,947
16000
4,634 5,385 6,234 6,312 5,031 5,936
1,170 1,299 1,428 1,529 1,120 1,011
14000
- - - - - -

12000
16,063 17,176 18,265 19,383 17,538 18,538

10000
1,800 1,908 1,947 1,916 1,320 643

8000

6000
 10000

8000
17,863 19,084 20,212 21,299 18,858 19,181

6000

4000

2000

All have relatively the same growth rate and was

Average an
Consumption
2010-2015 6.1
2015-2020 3.4
2020-2021 4.2
Over the period of [Years], [component] grew/de
What are your insights on the growth performanc
GNP? NFI?
- The growth rate of all components, except for go
- Only the government's growth rate increased fro
- The country's GNP had a relatively stable increas
- The country's GNP decreased from 2019-2021, p
- The country's NFI had a relatively stable increase
- The country's NFI suddenly experience a steep d
- The country's NFI reached low 600s (at 643) by 2
 Share of each component to total GDP (in percent)
Investment Government Net Exports Exports Imports
20.4 9.7 -0.4 32.9 33.2
20.7 9.7 -2.6 29.1 31.7
19.6 10.8 -2.9 27.5 30.4
20.6 10.8 -3.5 26.2 29.6
20.9 10.6 -2.8 27.4 30.1
21.3 10.9 -4.7 27.2 31.9
24.6 11.3 -8.4 26.7 35.1
25.6 11.3 -9.1 29.6 38.6
27.2 12.0 -11.7 30.2 41.9
26.4 12.5 -12.1 28.4 40.5
17.4 15.3 -7.8 25.2 33.0
21.2 15.6 -12.0 25.7 37.8
uted [Share]% of GDP in [Year].

Average annual share of each component (in percent)

Investment Government Net Exports Exports Imports
20.6 10.4 -2.8 28.4 31.2
23.8 12.2 -9.0 27.9 36.8
19.3 15.4 -9.9 25.5 35.4
uted an annual average of [Annual Share]% to GDP over the period of [Years].
tion contributes the most to the GDP and Net exports contribute the least with a negative share.
 Annual growth rate of each component (in percent) 8,215 2,226 1,206 2,952
Investment Government Net Exports Exports Imports 8,671 2,170 1,229 2,929
-2.5 1.9 -1.9 -0.8 -0.9 9,261 2,287 1,419 3,061
5.4 15.5 21.2 4.5 6.8 9,800 2,709 1,489 3,122
18.4 4.9 35.0 2.0 7.0 10,366 2,933 1,543 3,501
8.3 3.6 0.5 12.1 9.9 11,035 3,327 1,665 3,849
13.4 7.9 38.6 10.0 15.0 11,823 4,018 1,821 4,204
20.8 9.4 54.5 9.2 18.8 12,528 4,456 1,940 4,935
10.9 6.5 9.2 17.4 15.1 13,250 4,959 2,200 5,519
11.3 13.4 22.6 11.8 14.6 14,027 5,132 2,400 5,664
3.5 9.1 1.6 2.6 2.3 12,911 3,376 2,652 4,750
-34.2 10.5 -35.6 -16.1 -21.6 13,457 4,061 2,840 5,128
20.3 7.1 29.8 8.0 13.0
red an increase of [Growth Rate]% from [Year] to [Year].

30

20

10 Consumption
Investment
Government
0 Exports
Imports
Column P
-10 Column Q
Column R
Column T
 10 Consumption
Investment
Government
0 Exports
Imports
Column P
-10 Column Q
Column R
Column T
-20 Column U

-30

-40

e same growth rate and was somewhat stable from 2011 to 2019. The growth rate of all components greatly decreased due to the COVID-19 Pandemic.

Average annual growth rate of each component (in percent)

Investment Government Net Exports Exports Imports
8.6 6.8 18.7 5.6 7.5
2.4 9.8 10.5 5.0 5.9
20.3 7.1 29.8 8.0 13.0
ears], [component] grew/decreased by an average of [average growth rate]% per year.
ts on the growth performance of the various components of GDP?

all components, except for government, experienced a decrease from 2015-2020.

nt's growth rate increased from 6.8% in 2010-2015 to 9.8% in 2015-2020.
had a relatively stable increase from 2010-2019.
decreased from 2019-2021, possibly an effect of the pandemic.
ad a relatively stable increase from 2010-2019.
uddenly experience a steep decreased from 2019-2021, another possible effect of the pandemic.
eached low 600s (at 643) by 2021.
3,416
3,384
3,612
3,865
4,248
4,885
5,804
6,683
7,662
7,841
6,151
6,947