NSCB - 4th Quarter 2011 National Accounts

GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT
BY TYPE OF EXPENDITURE:
4th Quarter 2010 and 4th Quarter 2011
AT CURRENT AND CONSTANT 2000 PRICES, IN MILLION PESOS

At Current Prices

TYPE OF EXPENDITURE	Q4 2010	Q4 2011	Growth Rate (%)
1. Household Final Consumption Expenditure	1,803,014	2,006,860	11.3
2. Government Final Consumption Expenditure	211,065	233,926	10.8

3. Capital Formation	616,780	624,755	1.3
A. Fixed Capital	464,230	495,902	6.8
1. Construction	220,347	261,152	18.5
2. Durable Equipment	184,619	172,246	-6.7
3. Breeding Stock & Orchard Dev't	50,066	52,065	4.0
4. Intellectual Property Products	9,199	10,439	13.5
B. Changes in Inventories	152,550	128,853

4. Exports	752,094	723,847	-3.8
A. Exports of Goods	566,706	493,269	-13.0
B. Exports of Services	185,387	230,578	24.4

5. Less: Imports	865,940	883,282	2.0
A. Imports of Goods	689,882	694,728	0.7
B. Imports of Services	176,058	188,554	7.1

6. Statistical Discrepancy	12,592	27,152

GROSS DOMESTIC PRODUCT	2,529,605	2,733,257	8.1

Net Primary Income	733,686	783,166

GROSS NATIONAL INCOME	3,263,291	3,516,423	7.8

At Constant 2000 Prices

TYPE OF EXPENDITURE	Q4 2010	Q4 2011	Growth Rate (%)
1. Household Final Consumption Expenditure	1,122,734	1,198,496	6.7
2. Government Final Consumption Expenditure	117,421	124,272	5.8

3. Capital Formation	406,541	388,998	-4.3
A. Fixed Capital	314,417	330,667	5.2
1. Construction	119,583	133,263	11.4
2. Durable Equipment	156,848	158,760	1.2
3. Breeding Stock & Orchard Dev't	31,272	30,574	-2.2
4. Intellectual Property Products	6,714	8,069	20.2
B. Changes in Inventories	92,124	58,331

4. Exports	605,208	572,060	-5.5
A. Exports of Goods	495,352	441,890	-10.8
B. Exports of Services	109,856	130,170	18.5

5. Less: Imports	732,342	708,367	-3.3
A. Imports of Goods	582,716	536,047	-8.0
B. Imports of Services	149,627	172,320	15.2

6. Statistical Discrepancy	15,316	15,736

GROSS DOMESTIC PRODUCT	1,534,877	1,591,195	3.7

Net Primary Income	459,939	473,168

GROSS NATIONAL INCOME	1,994,817	2,064,364	3.5

GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT
BY TYPE OF EXPENDITURE: Annual 2010 and 2011
AT CURRENT AND CONSTANT 2000 PRICES, IN MILLION PESOS

TYPE OF EXPENDITURE	At Current Prices			At Constant Prices
TYPE OF EXPENDITURE	2010	2011	Growth Rate (%)	2010	2011	Growth Rate (%)
1. Household Final Consumption Expenditure	6,442,033	7,142,606	10.9	3,945,827	4,186,196	6.1
2. Government Final Consumption Expenditure	875,291	916,173	4.7	570,208	566,302	-0.7

3. Capital Formation	1,849,380	2,123,321	14.8	1,183,650	1,315,003	11.1
A. Fixed Capital	1,847,748	1,881,065	1.8	1,182,206	1,213,799	2.7
1. Construction	949,406	948,952	0.0	490,659	470,303	-4.1
2. Durable Equipment	692,519	719,149	3.8	567,833	617,416	8.7
3. Breeding Stock & Orchard Dev't	173,494	178,592	2.9	98,928	98,592	-0.3
4. Intellectual Property Products	32,328	34,373	6.3	24,785	27,489	10.9
B. Changes in Inventories	1,632	242,256		1,444	101,204

4. Exports	3,133,507	3,036,691	-3.1	2,886,133	2,777,837	-3.8
A. Exports of Goods	2,259,876	2,092,801	-7.4	2,367,520	2,241,845	-5.3
B. Exports of Services	873,632	943,890	8.0	518,613	535,992	3.4

5. Less: Imports	3,296,732	3,524,799	6.9	2,884,280	2,940,358	1.9
A. Imports of Goods	2,635,752	2,842,398	7.8	2,330,115	2,363,190	1.4
B. Imports of Services	660,980	682,401	3.2	554,165	577,168	4.2

6. Statistical Discrepancy	0	40,793		0	8,568

GROSS DOMESTIC PRODUCT	9,003,480	9,734,783		5,701,539	5,913,549

Net Primary Income	2,992,597	3,069,129	8.1	1,859,847	1,843,117	3.7

GROSS NATIONAL INCOME	11,996,077	12,803,912	6.7	7,561,386	7,756,666	2.6

Source: National Statistical Coordination Board (NSCB)

Posted: 30 January 2012


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