NSCB - 3rd Quarter 2011 National Accounts - Real Estate, Renting and Business Activities

Third Quarter 2011
Gross National Income &
Gross Domestic Product by Industrial Origin

Real Estate, Renting & Business Activities accelerates

Real Estate, Renting & Business Activities (formerly Ownership of Dwellings and Real Estate) continued its upsurge with 7.6 percent from 6.6 percent in the previous year. The accelerated growth of the sector can be attributed to the expansion of Real Estate and Ownership of Dwelling which grew by 15.9 percent from 11.0 percent and 2.4 percent from 1.5 percent, respectively.

On the other hand, Business Activities which includes Business Process Outsourcing (BPO) decelerated to 9.4 percent from 10.6 percent.

GROSS VALUE ADDED in REAL ESTATE, RENTING & BUSINESS ACTIVITIES
3rd Quarter 2010 and 3rd Quarter 2011
AT CURRENT PRICES, IN MILLION PESOS

INDUSTRY/INDUSTRY GROUP	Q3 2010	Q3 2011	Growth Rate (%)

Real Estate	45,657	55,280	21.1
Renting and other Business Activities	109,429	126,971	16.0
Ownership of Dwellings	93,158	97,595	4.8

GROSS VALUE ADDED IN REAL ESTATE, RENTING & BUSINESS ACTIVITIES	248,243	279,847	12.7

GROSS VALUE ADDED in REAL ESTATE, RENTING & BUSINESS ACTIVITIES
3rd Quarter 2010 and 3rd Quarter 2011
AT CONSTANT 2000 PRICES, IN MILLION PESOS

INDUSTRY/INDUSTRY GROUP	Q3 2010	Q3 2011	Growth Rate (%)

Real Estate	27,160	31,467	15.9
Renting and other Business Activities	58,980	64,543	9.4
Ownership of Dwellings	64,180	65,746	2.4

GROSS VALUE ADDED IN REAL ESTATE, RENTING & BUSINESS ACTIVITIES	150,320	161,757	7.6

Source: National Statistical Coordination Board (NSCB)

Posted: 28 November 2011.


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