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How sweet to remember…Love means never having to say you’re sorry…Love is a many-splendored thing….Doubt thou the stars are fire; Doubt that the sun doth move; Doubt truth to be a liar; But never Doubt I love….. Yes, this month, Statistically Speaking will talk neither about the economy, nor about children, nor about education. We will talk about affairs of the heart.
PHILIPPINE ECONOMY TEPIDLY REJUVENATED WITH 1.8 PERCENT The recovery of the global economy from the crisis, notwithstanding the double whammies whacked by Ondoy and Pepeng, paved the way for a GDP growth of 1.8 percent in the fourth quarter of 2009, bringing the full year GDP growth to 0.9 percent from 3.8 percent in 2008. Contributing to the tepid rejuvenation of the domestic economy in the fourth quarter are the double digit growth in retail trade, Banks & Non Banks, recreational Services and Mining & Quarrying as well as the recovery of the Manufacturing sector that offset the decline by 2.8 percent of AFF. On the demand side, increased consumer and especially government spending for the whole year made up for the diminished investments in durable equipment and sustained decline in the exports demand from our recession-stricken major trading partners.
The composite leading economic indicator (LEI) slid further to negative 0.640 in the fourth quarter of 2009 from a revised negative 0.570 in the third quarter. However, the descent of the index continued to decelerate confirming earlier signs of the gradual recovery of the economy from the global crisis. Not to be forgotten though are the damages brought by typhoons Ondoy and Pepeng in the last quarter of 2009, which have not been reflected in the latest LEI.
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The Philippine Statistical Yearbook (PSY) presents in time-series, historical information about the country’s macro and micro environment. These statistics are taken from the surveys and censuses conducted by statistical agencies, the records of administrative and regulatory agencies of the government, as well as the data compiled by local and international organizations. |
The NSCB Annual Report presents the agency’s accomplishments during the year and all other relevant information about the NSCB such as the agency profile, summary of outputs, significant achievements, manpower and financial resources and the listing of its Technical Staff and The Executive Board. |
StatWatch  |
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GDP Growth |
1.8 % 0.9% |
| GNP Growth (4th Qtr 2009) (Annual 2009) |
2.4% 3.0% |
Poverty Incidence |
26.9% 32.9% |
| Annual Per Capita Poverty Threshold (2006) |
15,057 |
Headline Inflation Rate |
4.3% |
Population |
92.23 M |
Geo-Political Subdivisions |
17 80 120 1,514 42,021 |
The NSCB Central Office Tel. No. (632) 895-2767 Updated 08 February 2010 |
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| 1997-2010, National Statistical Coordination Board Makati City, Philippines |
