1st Quarter 2017 to 1st Quarter 2019

128
1st 1 st Quarter 2017 to 4 th Quarter 2019 (BASE YEAR: 2000)

Transcript of 1st Quarter 2017 to 1st Quarter 2019

Page 1: 1st Quarter 2017 to 1st Quarter 2019

1st

1st Quarter 2017

to

4th Quarter 2019(BASE YEAR: 2000)

Page 2: 1st Quarter 2017 to 1st Quarter 2019

As of January 2020

1st Quarter 2017

to

4th Quarter 2019

(BASE YEAR: 2000)

Page 3: 1st Quarter 2017 to 1st Quarter 2019

SOURCES OF BASIC DATA

1. Bangko Sentral Ng Pilipinas

2. Bureau of Internal Revenue

3. Bureau of the Treasury

4. Cebu Pacific Air

5. Commission on Audit

6. Civil Aeronautics Board

7. Department of Agriculture

8. Department of Budget & Management

9. Department of Education

10. Department of Energy

11. Department of Finance

12. Department of Health

13. Department of Public Works & Highways

14. Department of Science and Technology

15. Department of Tourism

16. Department of Trade & Industry

17. Department of Transportation

18. Employees’ Compensation Commission

19. Energy Development Corporation

20. Energy Regulatory Commission

21. Forest Management Bureau

22. Government Service and Insurance System

23. Insurance Commission

24. IT and Business Process Association of the Philippines

25. Land Transportation Office

26. Light Rail Transit Authority

27. Local Water Utilities Administration

28. Manila Electric Company

29. Manila Water Company Inc.

30. Maynilad Water Services Inc.

31. Metropolitan Waterworks and Sewerage System

32. Mines and Geosciences Bureau

33. National Disaster Risk Reduction and Management Council

34. National Electrification Administration

35. National Food Authority

36. National Grid Corporation of the Philippines

37. National Irrigation Administration

38. National Land Registration Authority

39. National Power Corporation

40. Petron Corporation

41. Philippine Airlines

42. Philippine Coconut Authority

43. Philippine Health Insurance Corporation

44. Philippine National Oil Company

45. Philippine National Railways

46. Philippine Overseas Employment Administration

47. Philippine Ports Authority

48. Philippine Statistics Authority

49. Philippine Tourism Authority

50. Power Sector Assets and Liabilities Management Corporation

51. Public-Private Partnership Center of the Philippines

52. Securities and Exchange Commission

53. Social Security System

54. Sugar Regulatory Administration

55. Tariff Commission

56. Tourism Infrastructure and Enterprise Zone Authority

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T A B L E O F C O N T E N T S

PAGE

SOURCES OF BASIC DATA

HIGHLIGHTS

GRAPHS

I. QUARTERLY GROSS NATIONAL INCOME AT CONSTANT PRICES i

II. QUARTERLY GROSS DOMESTIC PRODUCT AT CONSTANT PRICES i

III. GROWTH RATE OF GROSS NATIONAL INCOME BY EXPENDITURE SHARES ii

VI. GROWTH RATE OF GROSS NATIONAL INCOME BY INDUSTRIAL ORIGIN ii

V. PERCENT SHARE TO GNI BY EXPENDITURE SHARES iii

VI. PERCENT SHARE TO GNI BY INDUSTRIAL ORIGIN iii

VII. PER CAPITA GNI AT CURRENT AND CONSTANT PRICES iv

VIII. CONTRIBUTION TO GROWTH IN GNI

BY INDUSTRIAL ORIGIN, AT CONSTANT PRICES iv

IX. DETAILS OF NET PRIMARY INCOME AT CURRENT PRICES v

X. TOTAL EXPORTS v

XI. TOP FIVE EXPORTS OF GOODS, AT CONSTANT PRICES vi

XII. PERCENT DISTRIBUTION OF TOTAL EXPORTS vi

XIII. CONTRIBUTION TO GROWTH IN TOTAL EXPORTS vii

XIV. TOTAL IMPORTS vii

XV. TOP FIVE IMPORTS OF GOODS, AT CONSTANT PRICES viii

XVI. PERCENT DISTRIBUTION OF TOTAL IMPORTS viii

XVII. CONTRIBUTION TO GROWTH IN TOTAL IMPORTS ix

XVIII. TERMS OF TRADE INDEX ix

XIX. AGRICULTURE, HUNTING, FORESTRY & FISHING GROWTH RATE IN PERCENT x

XX. INDUSTRY SECTOR, GROWTH RATE IN PERCENT x

XXI. SERVICE SECTOR, GROWTH RATE IN PERCENT xi

XXII. GROSS DOMESTIC CAPITAL FORMATION GROWTH RATE IN PERCENT xi

SOURCES OF REVISION xiii

THE SEASONALLY ADJUSTED NATIONAL ACCOUNTS OF THE PHILIPPINES xvi

CONFIDENCE INTERVAL xxi

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TABLES PAGE

TABLE 1A/B GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT 1-2

BY EXPENDITURE SHARES, IN MILLION PESOS

AT CURRENT AND CONSTANT PRICES

TABLE 2A/B PERCENT DISTRIBUTION GROSS NATIONAL INCOME AND 3-4

GROSS DOMESTIC PRODUCT, BY EXPENDITURE SHARES

IN PERCENT, AT CURRENT AND CONSTANT PRICES

TABLE 3A/B GROWTH RATES, GROSS NATIONAL INCOME AND GROSS 5-6

DOMESTIC PRODUCT BY EXPENDITURE SHARES, IN PERCENT

AT CURRENT AND CONSTANT PRICES

TABLE 4 IMPLICIT PRICE INDEX, GROSS NATIONAL INCOME AND GROSS 7

DOMESTIC PRODUCT BY EXPENDITURE SHARES, IN PERCENT

TABLE 5A/B GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT 8-9

BY INDUSTRIAL ORIGIN, IN MILLION PESOS

AT CURRENT AND CONSTANT PRICES

TABLE 6A/B PERCENT DISTRIBUTION, GROSS NATIONAL INCOME AND 10-11

GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN, IN PERCENT

AT CURRENT AND CONSTANT PRICES

TABLE 7A/B GROWTH RATES, GROSS NATIONAL INCOME AND GROSS 12-13

DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN, IN PERCENT

AT CURRENT AND CONSTANT PRICES

TABLE 8 IMPLICIT PRICE INDEX, GROSS NATIONAL INCOME AND GROSS 14

DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN, IN PERCENT

TABLE 9A PER CAPITA: GROSS DOMESTIC PRODUCT, GROSS NATIONAL 15

PRODUCT AND HOUSEHOLD FINAL CONSUMPTION EXPENDITURE,

IN PESOS

TABLE 9B GROWTH RATES, PER CAPITA: GROSS DOMESTIC PRODUCT, 16

GROSS NATIONAL INCOME AND HOUSEHOLD FINAL

CONSUMPTION EXPENDITURE, IN PESOS

TABLE 9C/D DETAILS OF NET PRIMARY INCOME FROM THE REST OF THE WORLD 17

AT CURRENT AND CONSTANT PRICES

TABLE 9E/F GROWTH RATES, DETAILS OF FACTOR FLOWS OF NET PRIMARY 18

INCOME FROM THE REST OF THE WORLD

AT CURRENT AND CONSTANT PRICES

TABLE 10A/B HOUSEHOLD FINAL CONSUMPTION EXPENDITURE BY PURPOSE 19

IN MILLION PESOS, AT CURRENT AND CONSTANT PRICES

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TABLE 11A/B PERCENT DISTRIBUTION, HOUSEHOLD FINAL CONSUMPTION 20

EXPENDITURE BY PURPOSE, IN PERCENT

AT CURRENT AND CONSTANT PRICES

TABLE 12A/B GROWTH RATES, HOUSEHOLD FINAL CONSUMPTION EXPENDITURE 21

BY PURPOSE, IN PERCENT, AT CURRENT AND CONSTANT PRICES

TABLE 13 IMPLICIT PRICE INDEX, HOUSEHOLD FINAL CONSUMPTION 22

EXPENDITURE BY PURPOSE, IN PERCENT

TABLE 14 INDICATORS DERIVED FROM THE NATIONAL ACCOUNTS 23

TABLE 15A/B GROSS DOMESTIC CAPITAL FORMATION IN DURABLE EQUIPMENT 24-25

BY MAJOR TYPE, IN MILLION PESOS, AT CURRENT AND CONSTANT PRICES

TABLE 16A/B GROWTH RATES, GROSS DOMESTIC CAPITAL FORMATION 26-27

IN DURABLE EQUIPMENT BY MAJOR TYPE, IN PERCENT

AT CURRENT AND CONSTANT PRICES

TABLE 17 IMPLICIT PRICE INDEX, GROSS DOMESTIC CAPITAL FORMATION 28

IN DURABLE EQUIPMENT BY MAJOR TYPE, IN PERCENT

TABLE 18A/B EXPORTS OF GOODS OF THE PHILIPPINES, FOB VALUE 29-30

IN MILLION PESOS, AT CURRENT AND CONSTANT PRICES

TABLE 19A/B PERCENT DISTRIBUTION, EXPORTS OF GOODS IN THE PHILIPPINES, 31-32

IN PERCENT, AT CURRENT AND CONSTANT PRICES

TABLE 20A/B GROWTH RATES, EXPORTS OF GOODS THE PHILIPPINES 33-34

IN PERCENT, AT CURRENT AND CONSTANT PRICES

TABLE 21A IMPLICIT PRICE INDEX, EXPORTS OF GOODS 35

IN THE PHILIPPINES, IN PERCENT

TABLE 21B/C EXPORTS OF SERVICES, IN MILLION PESOS 36

AT CURRENT AND CONSTANT PRICES

TABLE 21D/E PERCENT DISTRIBUTION, EXPORTS OF SERVICES 37

IN PERCENT, AT CURRENT AND CONSTANT PRICES

TABLE 21F/G GROWTH RATES, EXPORTS OF SERVICES 38

IN PERCENT, AT CURRENT AND CONSTANT PRICES

TABLE 21H IMPLICIT PRICE INDEX, EXPORTS OF SERVICES, IN PERCENT 39

TABLE 22A/B IMPORTS OF SERVICES OF THE PHILIPPINES, FOB VALUE 40-41

IN MILLION PESOS, AT CURRENT AND CONSTANT PRICES

TABLE 23A/B PERCENT DISTRIBUTION, IMPORTS OF GOODS OF THE 42-43

PHILIPPINES, IN PERCENT, AT CURRENT AND CONSTANT PRICES

TABLE 24A/B GROWTH RATES, IMPORTS OF GOODS OF THE PHILIPPINES 44-45

IN PERCENT, AT CURRENT AND CONSTANT PRICES

TABLE 25A IMPLICIT PRICE INDEX, IMPORTS OF GOODS OF THE PHILIPPINES, 46

IN PERCENT

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TABLE 25B/C IMPORTS OF SERVICES, IN MILLION PESOS 47

AT CURRENT AND CONSTANT PRICES

TABLE 25D/E PERCENT DISTRIBUTION, IMPORTS OF SERVICES 48

IN PERCENT, AT CURRENT PRICES

TABLE 25F/G GROWTH RATES, IMPORTS OF SERVICES 49

IN PERCENT, AT CURRENT AND CONSTANT PRICES

TABLE 25H IMPLICIT PRICE INDEX, IMPORTS OF SERVICES, IN PERCENT 50

TABLE 26A/B GROSS VALUE ADDED IN AGRICULTURE, HUNTING, FORESTRY 51-52

AND FISHING IN MILLION PESOS, AT CURRENT AND CONSTANT PRICES

TABLE 27A/B GROWTH RATES, GROSS VALUE ADDED IN AGRICULTURE, HUNTING, 51-52

FORESTRY AND FISHING, IN PERCENT AT CURRENT AND CONSTANT PRICES

TABLE 28 IMPLICIT PRICE INDEX, GROSS VALUE ADDED IN AGRICULTURE, 55

HUNTING, FISHERY AND FORESTRY, IN PERCENT

TABLE 29A/B GROSS VALUE ADDED IN MINING AND QUARRYING 56

IN MILLION PESOS, AT CURRENT AND CONSTANT PRICES

TABLE 30A/B GROWTH RATES, GROSS VALUE ADDED IN MINING AND 57

QUARRYING, IN PERCENT, AT CURRENT AND CONSTANT PRICES

TABLE 31 IMPLICIT PRICE INDEX, GROSS VALUE ADDED IN MINING AND 58

QUARRYING, IN PERCENT

TABLE 32A/B GROSS VALUE ADDED IN MANUFACTURING, IN MILLION PESOS 59-60

AT CURRENT AND CONSTANT PRICES

TABLE 33A/B GROWTH RATES, GROSS VALUE ADDED IN MANUFACTURING 61-62

IN PERCENT, AT CURRENT AND CONSTANT PRICES

TABLE 34 IMPLICIT PRICE INDEX, GROSS VALUE ADDED IN 63

MANUFACTURING, IN PERCENT

TABLE 35A/B GROSS VALUE ADDED IN CONSTRUCTION 64

IN MILLION PESOS, AT CURRENT AND CONSTANT PRICES

TABLE 36A/B GROWTH RATES, GROSS VALUE ADDED IN CONSTRUCTION 65

IN PERCENT, AT CURRENT AND CONSTANT PRICES

TABLE 37 IMPLICIT PRICE INDEX, GROSS VALUE ADDED IN 66

CONSTRUCTION, IN PERCENT

TABLE 38A/B GROSS VALUE ADDED IN ELECTRICITY, GAS AND WATER SUPPLY 67

IN MILLION PESOS, AT CURRENT AND CONSTANT PRICES

TABLE 39A/B GROWTH RATES, GROSS VALUE ADDED IN ELECTRICITY, 68

GAS AND WATER SUPPLY, IN PERCENT

AT CURRENT AND CONSTANT PRICES

TABLE 40 IMPLICIT PRICE INDEX, GROSS VALUE ADDED IN ELECTRICITY, 69

GAS AND WATER SUPPLY, IN PERCENT

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TABLE 40 IMPLICIT PRICE INDEX, GROSS VALUE ADDED IN ELECTRICITY, 69

GAS AND WATER SUPPLY, IN PERCENT

TABLE 41A/B GROSS VALUE ADDED IN TRANSPORT, STORAGE AND 70

COMMUNICATION, IN MILLION PESOS,

AT CURRENT AND CONSTANT PRICES

TABLE 42A/B GROWTH RATES, GROSS VALUE ADDED IN TRANSPORT, 71

STORAGE AND COMMUNICATION, IN PERCENT

AT CURRENT AND CONSTANT PRICES

TABLE 43 IMPLICIT PRICE INDEX, GROSS VALUE ADDED IN 72

TRANSPORT, STORAGE AND COMMUNICATION IN PERCENT

TABLE 44A/B GROSS VALUE ADDED IN TRADE, IN MILLION PESOS 73

AT CURRENT AND CONSTANT PRICES

TABLE 45A/B GROWTH RATES, GROSS VALUE ADDED IN TRADE AND REPAIR OF

MOTOR VEHICLES, MOTORCYCLES, PERSONAL AND HOUSEHOLD

GOODS TRADE, IN PERCENT AT CURRENT AND CONSTANT PRICES 74

TABLE 46 IMPLICIT PRICE INDEX, GROSS VALUE ADDED IN TRADE AND REPAIR

OF MOTOR VEHICLES, MOTORCYCLES, PERSONAL AND HOUSEHOLD

GOODS, IN PERCENT 75

TABLE 47A/B GROSS VALUE ADDED IN FINANCIAL INTERMEDIATION, IN MILLION

PRICES AT CURRENT AND CONSTANT PRICES 76

TABLE 48A/B GROWTH RATES, GROSS VALUE ADDED IN FINANCIAL INTERMEDIATION 77

IN PERCENT, AT CURRENT AND CONSTANT PRICES

TABLE 49 IMPLICIT PRICE INDEX, GROSS VALUE ADDED IN FINANCIAL 78

INTERMEDIATION IN PERCENT

TABLE 50A/B GROSS VALUE ADDED IN REAL ESTATE, RENTING & BUSINESS ACTIVITIES 79

IN MILLION PESOS AT CURRENT AND CONSTANT PRICES

TABLE 51A/B GROWTH RATES, GROSS VALUE ADDED IN REAL ESTATE, RENTING 80

AND BUSINESS ACTIVITIES IN PERCENT

AT CURRENT AND CONSTANT PRICES

TABLE 52 IMPLICIT PRICE INDEX, GROSS VALUE ADDED IN REAL ESTATE, RENTING 81

IN PERCENT

TABLE 53A/B GROSS VALUE ADDED IN OTHER SERVICES, IN MILLION PESOS 82

AT CURRENT AND CONSTANT PRICES

TABLE 54A/B GROWTH RATES, GROSS VALUE ADDED IN OTHER SERVICES 83

IN PERCENT, AT CURRENT AND CONSTANT PRICES

TABLE 55 IMPLICIT PRICE INDEX, GROSS VALUE ADDED IN OTHER SERVICES 84

IN PERCENT

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HIGHLIGHTS

Fourth Quarter 2019

GDP posts 6.4 percent growth in the fourth quarter of 2019;

5.9 percent for full-year 2019

Gross Domestic Product (GDP) posted a year-on-year growth of 6.4 percent in the

fourth quarter of 2019, resulting in the 5.9 percent full-year growth for 2019.

Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods;

Manufacturing; and Construction were the main drivers of growth for the fourth

quarter of 2019.

Among the major economic sectors, Services posted the fastest growth in the fourth

quarter of 2019 with 7.9 percent. Industry grew by 5.4 percent. Agriculture, Forestry

and Fishing registered a growth of 1.5 percent.

Net Primary Income (NPI) from the Rest of the World and Gross National Income

(GNI) had corresponding growths of 4.6 percent and 6.2 percent. On an annual

basis, NPI grew by 3.5 percent, and GNI by 5.5 percent.

On a seasonally-adjusted basis, GDP grew quarter-on-quarter by 2.2 percent.

Industry and Services posted quarter-on-quarter growth of 2.7 percent and

2.3 percent, respectively. Meanwhile, Agriculture declined by 0.1 percent.

With the country’s projected population reaching 108.7 million in the fourth quarter of

2019, per capita GDP grew by 4.8 percent. Meanwhile, per capita GNI and

per capita Household Final Consumption Expenditure (HFCE) posted a growth of

4.5 percent and 3.9 percent, respectively.

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PRODUCTION SIDE

Agriculture, Hunting, Forestry and Fishing (AHFF)

AHFF inched up by 1.5 percent in the fourth quarter of 2019, compared to the

1.8 percent growth in the same period of 2018.

Agriculture slows down

The Agriculture Industry which shared 81.7 percent to the total AHFF industry

decelerated as it grew by 1.0 percent in the fourth quarter of 2019 compared to the

1.6 percent increase in the same period of the previous year. Major contributors to

the industry’s growth were: Palay, which grew by 4.8 percent; Poultry,

5.5 percent; Agricultural Activities and Services, 5.9 percent; Coconut, 3.2 percent;

Other Crops, 1.3 percent; Rubber, 6.4 percent; Pineapple, 0.9 percent;

Coffee, 4.0 percent; Cassava, 0.6 percent; and Mango, 0.8 percent.

Meanwhile, the declines in the following sub-industries pulled down the growth of

Agriculture: Livestock, by 8.3 percent; Corn, 7.1 percent; Sugarcane, 15.6 percent;

and Banana, 1.3 percent.

Forestry declines

Forestry declined by 14.5 percent in the fourth quarter of 2019 compared to the

increase of 43.2 percent in the same period of 2018.

Fishing improves

Fishing, which accounted for 18.1 percent of the total AHFF, expanded by

3.9 percent in the fourth quarter of 2019. Top contributors to the increase were

milkfish, tilapia, tiger prawn and skipjack.

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Industry

Manufacturing and Construction fuel Industry growth

Industry expanded at a slower pace in the fourth quarter of 2019 by 5.4 percent as

compared with the 6.6 percent growth in the previous year. The total Industry

contributed 1.9 percentage points to the total GDP growth. Manufacturing and

Construction were the main drivers of Industry’s growth during the quarter,

contributing 2.6 percentage points and 2.2 percentage points, respectively.

Mining and Quarrying decelerates

Mining and Quarrying grew by 2.1 percent in the fourth quarter of 2019, but slower

than the 8.1 percent growth recorded in the same period of the previous year.

Nickel Mining, the top contributor to the industry’s growth, expanded by 82.4 percent.

Other contributor was Stone Quarrying, Clay and Sandpits which grew by

7.9 percent.

The rest of the sub-industries contracted during the period. These were: Crude Oil,

Natural Gas & Condensate, 6.2 percent; Gold Mining, 21.4 percent;

Other Non-Metallic Mining, 4.1 percent; Copper Mining, 16.8 percent; Other Metallic

Mining, 23.3 percent and Chromium Mining, 24.7 percent.

Manufacturing accelerates

Manufacturing grew by 3.7 percent in the fourth quarter of 2019, faster compared

with the 3.2 percent growth recorded in the same period of the previous year.

The growth of the industry was mainly attributed to the expansion of

Food Manufactures, by 8.0 percent, followed by Chemical and Chemical Products,

by 14.5 percent. Other top contributors to growth were: Wood, Bamboo, Cane, and

Rattan Articles, 12.0 percent; Electrical Machinery and Apparatus, 10.4 percent; and

Beverage Industries, 4.0 percent.

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Meanwhile, the decline of the following industries pulled down the growth of

Manufacturing: Furniture and Fixtures, 15.6 percent; Petroleum and Other Fuel

Products, 21.0 percent; Transport Equipment, 14.0 percent; Basic Metal Industries,

14.4 percent; and Radio, Television and Communication Equipment and Apparatus,

1.9 percent.

Construction industry continues to grow

Construction industry grew by 10.7 percent in the fourth quarter of 2019. This

expansion was attributed to the faster growth in Public Construction but weighed

down by the slower growth in Private Construction.

Electricity, Gas and Water Supply (EGWS) accelerates

EGWS posted a 7.3 percent growth in the fourth quarter of 2019, higher than the

6.7 percent growth registered in the same quarter of 2018. Electricity, which shared

86.5 percent of the total EGWS, accelerated to 7.8 percent as compared with the

6.9 percent growth of the previous year. On the other hand, both Water and Steam

slowed down during the period.

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Services

Services boosts GDP growth

Services, accounting for 57.1 percent to GDP in the fourth quarter of 2019, continued

to boost the economy with 7.9 percent growth. All subsectors, led by Trade and

Repair of Motor Vehicles, Motorcycles, Personal and Household Goods as well as

Financial Intermediation and Public Administration & Defense; Compulsory Social

Security contributed positively to the growth of the Service sector.

Transport, Storage and Communication (TSC) accelerates

TSC grew by 5.6 percent in the fourth quarter of 2019, faster than the 3.7 percent

growth recorded in the same period of the previous year. Communication, which has

the largest share to the total TSC, contributed most to the growth as it grew by

6.1 percent.

Air Transport posted the fastest growth of 9.6 percent. Land Transport also grew

during the period with 6.2 percent while Storage and Services Incidental to Transport

grew by 3.1 percent.

On the other hand, Water Transport declined by 7.3 percent.

Trade remains the top contributor to GDP growth

Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods

topped contributors to the GDP growth as it posted an 8.6 percent growth in the

fourth quarter of 2019. This was faster than the 6.7 percent growth recorded in the

same period of the previous year.

Retail Trade, the largest contributor to the growth of the sector, expanded by

8.7 percent. On the other hand, Wholesale Trade grew by 7.7 percent while

Maintenance and Repair of Motor Vehicles, Motorcycles, Personal and Household

Goods registered a growth of 12.5 percent.

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Financial Intermediation continues to grow

Financial intermediation services accelerated to 10.9 percent from the 6.3 percent

growth recorded in the previous year.

All of the subsectors posted accelerated growths: Banking Institutions grew by

13.2 percent from 8.3 percent in the previous year; Non-Bank Financial

Intermediation logged 11.2 percent growth. Meanwhile, Insurance and Activities

Auxiliary to Financial Intermediation recorded 5.3 percent and 8.7 percent growth,

respectively.

Real Estate, Renting & Business Activities (RERBA) slows down

RERBA expanded by 3.3 percent growth in the fourth quarter of 2019, albeit slower

than the 4.1 percent growth posted in the same period of 2018. The growth was

driven by Real Estate which grew by 5.3 percent as compared with the 4.3 percent

growth in the previous year.

Renting and Other Business Activities grew by 2.3 percent growth as compared with

the 4.3 percent growth in the previous year. On the other hand, Ownership of

Dwellings grew by 3.3 percent from 3.4 percent growth in the fourth quarter of 2018.

Public Administration and Defense accelerates

Public Administration and Defense; Compulsory Social Security grew by

17.1 percent in the fourth quarter of 2019, from 14.7 percent growth during the same

period in 2018.

Other Services expands at a slower pace

Other Services grew 9.8 percent in the fourth quarter of 2019, but slower than the

13.0 percent growth it posted in 2018. Education, which has the largest share to the

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H - 7

total industry, grew by 8.5 percent. It was followed by Hotels and Restaurants which

posted 10.3 percent growth during the period.

On the other hand, other sub-industries posted faster growth: Health and Social

Work with 12.9 percent; Recreational, Cultural and Sporting Activities,

9.0 percent; Other Service Activities, 10.9 percent; and Sewage and Refuse

Disposal and Sanitation and Similar Activities, 8.4 percent.

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EXPENDITURE SIDE

Household Final Consumption Expenditure (HFCE) picks up

HFCE grew by 5.6 percent in the fourth quarter of 2019. This was higher than the

5.3 percent growth in the same period of 2018.

Food and Non-alcoholic Beverages, sharing 42.2 percent of the total household

expenditure, grew by 4.7 percent. Meanwhile, Miscellaneous Goods and Services

posted a growth of 8.8 percent growth in the fourth quarter of 2019.

Other expenditure items which contributed to the growth of HFCE were: Housing,

Water, Electricity, Gas and Other Fuels, 5.3 percent; Restaurants and Hotels,

8.0 percent; Transport, 4.9 percent; Communication, 6.0 percent; and Furnishings,

Household Equipment and Routine Household Maintenance, 4.8 percent.

On the other hand, Alcoholic Beverages and Tobacco declined further at 4.0 percent.

Government Final Consumption Expenditure accelerates

Government Final Consumption Expenditure (GFCE) grew by 18.7 percent in the

fourth quarter of 2019, higher compared with the 12.6 percent growth in the same

period in 2018.

Construction investments decelerate

Investments in Construction grew by 11.8 percent in the fourth quarter of 2019,

recording a deceleration from the 17.6 percent growth the previous year. Private

Construction Investments, which accounted for 73.4 percent of total construction

investments, grew by 5.5 percent. Meanwhile, Public Construction Investments grew

by 33.8 percent.

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Investments in Durable Equipment continue to decline

Investments in capital formation for Durable Equipment declined by 5.9 percent in

the fourth quarter of 2019. This is the third consecutive quarter which recorded a

decline in 2019. Decreased investments were registered in eleven (11) out of twenty

(20) types of fixed asset investments.

The following subsectors contributed to the decline in investments: Road Vehicles,

14.8 percent; Air Transport, 44.0 percent; Mining & Construction Machineries,

47.7 percent; Telecommunication Equipment, 12.8 percent; and Other General

Industrial Machineries, 4.1 percent.

Meanwhile, the following subsectors registered increase in investments:

Other Miscellaneous Durable Equipment, 26.9 percent; Office Machinery & Data

Processing, 30.6 percent; Railway Transport, 332.4 percent; Pumps and

Compressors, 13.2 percent; and Pulp and Paper Machineries, 123.6 percent.

Investments in Breeding Stocks and Orchard Development (BSOD) slows

down

Capital Formation for BSOD for the fourth quarter of 2019 slowed down and posted a

3.6 percent increase from the previous year’s 5.2 percent.

Intellectual Property Products (IPP) decelerates

Investments for IPP slowed down to 23.5 percent in the fourth quarter of 2019, lower

compared with 25.2 percent recorded during the same period in the previous year.

The growth could be attributed to the investment in Computer Software and

Databases.

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Changes in Inventories records withdrawals

Changes in Inventories recorded a total of PhP 13.2 billion withdrawals in the fourth

quarter of 2019 as compared to the PhP 2.0 billion additions in the same quarter of

2018. Establishment and Crude and Petroleum Products sub-sectors recorded

withdrawals in their inventories.

Exports of Goods slacks

The country’s total Exports of Goods grew by 1.4 percent in the fourth quarter of

2019, which was lower than the 16.1 percent growth in the same quarter the

previous year.

The following commodities contributed to the growth of the total Exports of Goods:

Components/Devices (Semiconductors), 5.8 percent; Consumer Electronics,

35.1 percent; Telecommunication, 26.0 percent; Pineapple and Pineapple Products,

60.5 percent; and Communication/Radar, 4.0 percent.

Meanwhile, the following commodities declined: Control Instrumentation,

25.1 percent; Ignition Wiring Sets, 10.7 percent; Metal Components, 8.1 percent;

Coconut Oil, 22.2 percent; and Bananas, including Plantains, Fresh or Dried,

4.0 percent.

Exports of Services slows down

Exports of Services grew by 4.5 percent in the fourth quarter of 2019, slower than

the 7.4 percent recorded during the same period in 2018. Travel was the highest

contributor to the growth with 20.1 percent growth. Other contributors to growth

were: Miscellaneous Services, 1.0 percent; and Transportation, 7.9 percent.

Meanwhile, Insurance and Government Services declined by 1.1 percent and

0.8 percent, respectively.

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Imports of Goods declines for the third consecutive quarter

The total Imports of Goods declined by 0.1 percent in the fourth quarter of 2019.

This was the third consecutive quarter that the total Imports of Goods contracted.

In the same quarter the previous year, Imports of Goods grew by 12.8 percent.

The commodities that pulled down the Imports of Goods were: Cereals,

34.1 percent; Machinery and Mechanical Appliances, 10.6 percent; Base Metals,

26.7 percent; Metalliferous Ores and Metal Scrap, 94.6 percent; and Transport

Equipment, 2.3 percent.

Meanwhile, the following commodities posted positive growths: Electronic Data

Processing, 36.5 percent; Electrical Machinery, 26.4 percent; Components/Devices

(Semiconductors), 2.9 percent; Telecommunication, 39.1 percent; and Mineral Fuels,

3.5 percent.

Imports of Services decelerates

Imports of Services recorded 1.9 percent growth in the fourth quarter of 2019.

This was slower than the 10.8 percent growth in the same period in the previous

year. Miscellaneous Services rebounded to 12.9 percent from a decline of

0.7 percent in the same quarter of 2018. Other contributors were Travel, Insurance

and Government with 6.1 percent, 4.0 percent and 1.1 percent growth, respectively.

On the other hand, Transportation declined by 24.2 percent.

Trade Balance continuously records deficits

Total Exports valued at PhP 1,363.0 billion at current prices was lower compared

with the Total Imports valued at PhP 1,876.4 billion at current prices during

the fourth quarter of 2019. As a result, a deficit of PhP 513.3 billion was registered

during the period.

Page 20: 1st Quarter 2017 to 1st Quarter 2019

H - 12

Trade Index decreases

Trade index was recorded at 88.2 percent during the fourth quarter of 2019,

lower than 89.1 percent posted during the same period in 2018.

Page 21: 1st Quarter 2017 to 1st Quarter 2019

GRAPH I

GROSS NATIONAL INCOME

FOURTH QUARTER 2019

GRAPH II

GROSS DOMESTIC PRODUCT

FOURTH QUARTER 2019

2,448

2,641

2,523

2,783

2,601

2,797

2,671

2,941

2,735

2,937

2,823

3,122

2000

2200

2400

2600

2800

3000

3200

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2017 2018 2019

in B

illio

n P

eso

s

QUARTERLY GROSS NATIONAL INCOME

Q1 2017 to Q4 2019, At Constant 2000 Prices

Graph I

Graph II

i

ii

2,007

2,218

2,094

2,347

2,138

2,355

2,220

2,494

2,258

2,484

2,354

2,654

1500

1700

1900

2100

2300

2500

2700

2900

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2017 2018 2019

in B

illio

n P

eso

s

QUARTERLY GROSS DOMESTIC PRODUCT

Q1 2017 to Q4 2019, At Constant 2000 Prices

Source: Philippine Statistics Authority

Page 22: 1st Quarter 2017 to 1st Quarter 2019

GRAPH III

GNP BY EXPENDITURE SHARES (GROWTH RATES)

FOURTH QUARTER 2019

HFCE

EXPORTS

IMPORTS

GRAPH IV

GDP BY INDUSTRIAL ORIGIN (GROWTH RATES)

FOURTH QUARTER 2019

-4.7

5.6

9.5

1.5

5.4

7.9

-6

-4

-2

0

2

4

6

8

10

12

AGRI., HUNTING, FORESTRY AND

FISHING

INDUSTRY SECTOR SERVICE SECTOR

in P

erc

en

t

Growth Rate by INDUSTRIAL ORIGIN

Fourth Quarter 2019 Estimates

At Current Prices, At Constant 2000 Prices

CURRENT CONSTANT

Graph III

Graph IV

ii

iii

6.8

21.7

1.3

0.0 -0.7

5.6

18.7

0.4

2.0

0.3

-5

0

5

10

15

20

25

HFCE GOV'T

CONSUMPTION

CAPITAL FORMATION EXPORTS IMPORTS

in P

erc

en

t

Growth Rate by EXPENDITURE SHARES

Fourth Quarter 2019 Estimates

At Current Prices, At Constant 2000 Prices

CURRENT CONSTANT

Source: Philippine Statistics Authority

Page 23: 1st Quarter 2017 to 1st Quarter 2019

GRAPH V

GNI BY EXPENDITURE SHARES(PERCENT SHARE TO GNI)

FOURTH QUARTER 2019

HFCE

EXPORTS

IMPORTS

GRAPH VI

GDP BY INDUSTRIAL ORIGIN(PERCENT SHARE TO GNP)

FOURTH QUARTER 2019

7.6

29.547.8

7.2

29.3

48.5

Percent Share to GNI, by INDUSTRIAL ORIGIN

At Constant 2000 Prices

Fourth Quarter 2018 and 2019 Estimates

A

SERVICE SECTOR

60.8

8.0

25.443.0

53.0

15.2 60.5

9.0

24.041.3

50.1

15.0

Percent Share to GNI, by EXPENDITURE SHARES

At Constant 2000 Prices

Fourth Quarter 2018 and 2019 Estimates

H

GFCE

Capital FormationExports

Imports

NPI

HFCE

Graph V

Graph VI

iii

iv

2018: INNER CIRCLE2019: OUTER CIRCLE

2018: INNER CIRCLE2019: OUTER CIRCLE

AGRICULTURE, HUNTING,FORESTRY and FISHING

INDUSTRY SECTOR

Source: Philippine Statistics Authority

Page 24: 1st Quarter 2017 to 1st Quarter 2019

GRAPH VII

PER CAPITA GNP

GROSS NATIONAL INCOME

FOURTH QUARTER 2019

CURRENT

CONSTANT

GRAPH VIII

CONTRIBUTION TO GROWTH IN GNI BY INDUSTRIAL ORIGIN

FOURTH QUARTER 2019

INDUSTRY SECTOR

SERVICE SECTOR

NPI0.1 0.1

1.9 1.6

3.2 3.8

0.4

0.7

-2.0

-1.0

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

2017-2018 2018-2019

in P

erc

en

t

CONTRIBUTION TO GROWTH IN GNI by INDUSTRIAL ORIGIN

Fourth Quarter 2018 and 2019

At Constant 2000 Prices

50.2

54.4

57.2

26.4 27.5 28.7

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

2017 2018 2019

in T

ho

usa

nd

Pe

sos

PER CAPITA GNI

Fourth Quarter 2017, 2018, 2019 Estimates

CURRENT CONSTANT

Graph VII

Graph VIII

iv

v

NET PRIMARY

INCOME

SERVICE

SECTOR

INDUSTRY

SECTOR

AGRICULTURE

HUNTING,

FORESTRY and

FISHING

Change Contribution to Change Contribution to

(In billion pesos, GNI Growth (In billion pesos, GNI Growth

at constant 2000 prices) (in percent) at constant 2000 prices) (in percent)

Agriculture, Hunting,

Forestry and Fishing 4.0 0.1 3.4 0.1

Industry Sector 53.9 1.9 46.6 1.6Service Sector 89.0 3.2 110.4 3.8NPI 11.6 0.4 20.7 0.7GNI 158.5 5.7 181.1 6.2

INDUSTRIAL ORIGIN

2018-20192017-2018

Source: Philippine Statistics Authority

Page 25: 1st Quarter 2017 to 1st Quarter 2019

GRAPH IX

DETAILS OF NPI

FOURTH QUARTER 2019

COMPENSATION, INFLOW

COMPENSATION, OUTFLOW

TOTAL NPI

TOTAL NPI

GRAPH X

TOTAL EXPORTS

FOURTH QUARTER 2019

CURRENT

CONSTANT

-

100

200

300

400

500

600

700

800

900

1,000

COMPENSATION,

INFLOW

PROPERTY INCOME,

INFLOW

COMPENSATION,

OUTFLOW

PROPERTY EXPENSE,

OUTFLOW

869

37

0

96

936

59

0

116

978

45

0

86

in B

illio

n P

eso

sDETAILS OF NET PRIMARY INCOME (NPI) FROM THE REST OF THE

WORLD

Fourth Quarter 2017, 2018, 2019 Estimates, At Current Prices

2017 2018 2019

810

879

936

2017 2018 2019

Total NPI (in Billion Pesos)

-

200

400

600

800

1,000

1,200

1,400

2017 2018 2019

1,211

1,3631,363

1,104

1,263 1,288

in B

illio

n P

eso

s

TOTAL EXPORTS

Fourth Quarter 2017, 2018, 2019 Estimates

CURRENT CONSTANT

Graph IX

Graph X

v

vi

Source: Philippine Statistics Authority

Page 26: 1st Quarter 2017 to 1st Quarter 2019

GRAPH XI

TOP FIVE MERCHANDISE EXPORTS

FOURTH QUARTER 2019

GRAPH XII

PERCENT DISTRIBUTION OF TOTAL EXPORTS

FOURTH QUARTER 2019

446

4859

3815

513

56 6144

30

543

51 46

45 40

0

100

200

300

400

500

600

COMPONENTS/DEVICES

(SEMICONDUCTORS)

METAL COMPONENTS CONTROL

INSTRUMENTATION

ELECTRONIC DATA

PROCESSING

CONSUMER ELECTRONICS

in B

illio

n P

eso

s

TOP FIVE EXPORTS OF GOODS

Fourth Quarter 2017, 2018, 2019 Estimates,

At Constant 2000 Prices

2017 2018 2019

80.3 81.5 81.0

19.7 18.5 19.0

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2017 2018 2019

PERCENT DISTRIBUTION OF TOTAL EXPORTS

Fourth Quarter 2017, 2018, 2019 Estimates, At Constant 2000 Prices

EXPORTS OF GOODS EXPORTS OF SERVICES

Graph XI

Graph XII

vi

vii

EXPORTS 2017 2018 2019

Exports of Goods 80.3 81.5 81.0

Exports of Services 19.7 18.5 19.0

Source: Philippine Statistics Authority

Page 27: 1st Quarter 2017 to 1st Quarter 2019

GRAPH XIII

CONTRIBUTION TO GROWTH IN TOTAL EXPORTS

FOURTH QUARTER 2019

EXPORTS OF GOODS

EXPORTS OF SERVICES

GRAPH XIV

TOTAL IMPORTS

FOURTH QUARTER 2019

CURRENT

CONSTANT

12.9

1.1

1.5

0.8

0

2

4

6

8

10

12

14

16

2017-2018 2018-2019

in P

erc

en

tag

e P

oin

t

CONTRIBUTION TO GROWTH IN TOTAL EXPORTS

Fourth Quarter 2018 and 2019

EXPORTS OF GOODS EXPORTS OF SERVICES

0

200

400

600

800

1000

1200

1400

1600

1800

2000

2017 2018 2019

1624

18891876

1388

1560 1565

in B

illio

n P

eso

s

TOTAL IMPORTS

Fourth Quarter 2017, 2018, 2019 Estimates

CURRENT CONSTANT

Graph XIII

Graph XIV

vii

viii

Change Contribution to Change Contribution to

(In billion pesos, Exports Growth (In billion pesos, Exports Growth

at constant 2000 prices) (in percent) at constant 2000 prices) (in percent)

Exports of Goods 142.8 12.9 14.2 1.1

Exports of Services 16.1 1.5 10.5 0.8

TOTAL 158.9 14.4 24.7 2.0

EXPORTS

2018-20192017-2018

Source: Philippine Statistics Authority

Page 28: 1st Quarter 2017 to 1st Quarter 2019

GRAPH XV

TOP FIVE MERCHANDISE IMPORTS

FOURTH QUARTER 2019

GRAPH XVI

PERCENT DISTRIBUTION OF TOTAL IMPORTS

FOURTH QUARTER 2019

194

81

113101

89

207

99

112 117

96

213

135

109

10499

0

50

100

150

200

250

COMPONENTS

/DEVICES

(SEMICONDUCTORS)

ELECTRONIC

DATA

PROCESSING

TRANSPORT

EQUIPMENT

MACHINERY AND

MECHANICAL

APPLIANCES

MINERAL FUELS

in B

illio

n P

eso

s

TOP FIVE IMPORTS OF GOODS

Fourth Quarter 2017, 2018, 2019 Estimates

At Constant 2000 Prices

2017 2018 2019

78.0 78.3 77.9

22.0 21.7 22.1

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2017 2018 2019

PERCENT DISTRIBUTION OF TOTAL IMPORTS

Fourth Quarter 2017, 2018, 2019 Estimates, At Constant 2000

Prices

IMPORTS OF GOODS IMPORTS OF SERVICES

Graph XV

Graph XVI

viii

IMPORTS 2017 2018 2019

Imports of Goods 78.0 78.3 77.9

Imports of Services 22.0 21.7 22.1

Source: Philippine Statistics Authority

Page 29: 1st Quarter 2017 to 1st Quarter 2019

GRAPH XVII

CONTRIBUTION TO GROWTH IN TOTAL IMPORTS

FOURTH QUARTER 2019

IMPORTS OF GOODS

IMPORTS OF SERVICES

GRAPH XVIII

TRADE SURPLUS & TERMS OF TRADE INDEX

FOURTH QUARTER 2019

TRADE DEFICIT

TRADE INDEX

10.0

-0.1

2.4

0.4

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

2017-2018 2018-2019

In P

erc

en

t

CONTRIBUTION TO GROWTH IN TOTAL IMPORTS

Fourth Quarter, 2018 and 2019

IMPORTS OF GOODS IMPORTS OF SERVICES

Graph XVII

Graph XVIII

ix

Change Contribution to Change Contribution to

(In billion pesos, Imports Growth (In billion pesos, Imports Growth

at constant 2000 prices) (in percent) at constant 2000 prices) (in percent)

Imports of Goods 139.0 10.0 -1.6 -0.1

Imports of Services 33.1 2.4 6.4 0.4

TOTAL 172.1 12.4 4.9 0.3

IMPORTS

2018-20192017-2018

-412.8

-526.1 -513.3

93.7

89.1

88.2

75

77

79

81

83

85

87

89

91

93

95

-600

-500

-400

-300

-200

-100

0

2017 2018 2019

Ind

ex

in B

illio

n p

eso

s

TERMS OF TRADE INDEX

Fourth Quarter 2017, 2018, 2019 Estimates

TRADE DEFICIT TRADE INDEX

Source: Philippine Statistics Authority

Page 30: 1st Quarter 2017 to 1st Quarter 2019

GRAPH XIX

AGRICULTURE FISHERY & FORESTRY

FOURTH QUARTER 2019

FISHING

GRAPH XX

INDUSTRY SECTOR

FOURTH QUARTER 2019

-6.4

8.0

1.0

3.9

-8

-6

-4

-2

0

2

4

6

8

10

AGRICULTURE and FORESTRY FISHING

in P

erc

en

t

Growth Rate by AGRICULTURE, HUNTING, FISHERY & FORESTRY

Fourth Quarter 2019 Estimates

CURRENT CONSTANT

-5.1

3.0

14.4

5.5

2.1

3.7

10.7

7.3

-10

-5

0

5

10

15

20

MINING & QUARRYING MANUFACTURING CONSTRUCTION ELECT, GAS & WATER

SUPPLY

in P

erc

en

t

Growth Rate by INDUSTRY SECTOR

Fourth Quarter 2019 Estimates

CURRENT CONSTANT

Graph XIX

Graph XX

x

Source: Philippine Statistics Authority

Page 31: 1st Quarter 2017 to 1st Quarter 2019

GRAPH XXI

SERVICES SECTOR

FOURTH QUARTER 2019

TRADE

FINANCE

GRAPH XXII

GROSS DOMESTIC CAPITAL FORMATION

FOURTH QUARTER 2019

FIXED CAPITAL

BS & OD

5.2

8.5

12.6

5.6

22.0

9.8

5.6

8.6

10.9

3.3

17.1

7.0

0

5

10

15

20

25

TRANSPORT, STOR.,

& COMM.

TRADE FINANCE REAL EST., RENTING

& BUSINESS ACT.

PUBLIC ADMIN. &

DEF.; COMPULSORY

SERV.

OTHER

SERVICES

in P

erc

en

t

Growth Rate by SERVICE SECTOR

Fourth Quarter 2019 Estimates

CURRENT CONSTANT

4.5

15.3

-9.9

6.8

15.9

2.4

11.8

-5.9

3.6

23.5

-15

-10

-5

0

5

10

15

20

25

30

FIXED CAPITAL CONSTRUCTION DURABLE EQUIP. BS & OD INTELLECTUAL PROP.

PROD.

in P

erc

en

t

Growth Rate by GROSS DOMESTIC CAPITAL FORMATION

Fourth Quarter 2019 Estimates

CURRENT CONSTANT

Graph XXI

Graph XXII

xi

Source: Philippine Statistics Authority

Page 32: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES XIII

SOURCES OF REVISIONS 1/

As of January 2020

Q3 2019

Growth Rates

Expenditure Accounts

As of

November

2019

As of

January

2020Change

1. Household Final Consumption Expenditure

Current 7.3 7.4 0.1

Updated indicators

Constant 5.9 5.9 0.0

2. Government Final Consumption Expenditure

Current 12.4 12.4 0.0

No revisions

Constant 9.6 9.6 0.0

3. Capital Formation

Current 0.2 -0.6 -0.8

Constant -2.1 -2.6 -0.6

A. Fixed Capital

Current 6.2 5.8 -0.4

Constant 2.1 1.9 -0.3

1. Construction

Current 20.9 20.1 -0.8 Updated QSPBI data Availability of 60 days September Building Permits

Constant 17.3 16.6 -0.8 Availability of Public Private Partnership Construction Projects data

2. Durable Equipment

Current -10.4 -10.6 -0.2 Revised September 2019 FTS data

Updated MISSI dataConstant -9.1 -9.2 -0.1 Updated QSPBI data

3. Breeding Stocks & Orchard Development

Current 4.2 5.4 1.2Revised prices of chicken and duck

Constant 3.4 3.4 0.0 Revised volume of production and farmgate prices of crops

B. Changes in Inventories

Availability of October 2019 rice and corn inventory and

Current -65,425 -70,158 -4,732 September 2019 crude and petroleum inventory

Revised September 2019 sugar inventory and price of riceConstant -26,361 -28,270 -1,910 Updated MISSI and QSPBI data

Revised farmgate prices of livestock and poultry C. Intellectual Property Products

Current 21.1 21.2 0.1

Updated QSPBI data

Constant 30.5 31.1 0.6

4. Exports

Current -2.4 -2.1 0.2

Constant 0.2 0.7 0.5

A. Export of Goods

Current -9.4 -9.1 0.3 Revised Spetember 2019 FTS data

Constant -1.3 -0.7 0.6

1/ The PSA adopts the approved revision policy based on PSA Board Resolution No. 1 series of 2017-053

2018-2019

Reasons for revisions

Page 33: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES XIII

SOURCES OF REVISIONS 1/

As of January 2020

Q3 2019

Growth Rates

Expenditure Accounts

As of

November

2019

As of

January

2020Change

2018-2019

Reasons for revisions

B. Export of Services

Current 9.7 9.8 0.1 Revised July 2019 BOP dataAvailability of August and September 2019 BOP data

Constant 8.1 8.2 0.1 Availability of Spetember 2019 DOT data

5. Imports

Current -1.1 -1.1 0.1

Constant 0.0 -0.2 -0.2

A. Imports of Goods

Current -1.7 -1.9 -0.2

Revised Spetember 2019 FTS dataConstant -0.1 -0.6 -0.5 Availability of August and September 2019 BOP data

B. Imports Services

Current 1.8 3.2 1.4 Revised July 2019 BOP data

Availability of August and September 2019 BOP dataConstant 0.7 2.0 1.4 Revised compensation inflow

6. Net Primary Income

Current 5.2 6.2 1.0 Revised July 2019 BOP dataAvailability of August and September 2019 BOP data

Constant 2.9 3.9 1.0 Updated indicators

Details may not add up due to rounding.

Page 34: 1st Quarter 2017 to 1st Quarter 2019

1,000

1,100

1,200

1,300

1,400

1,500

1,600

1,700

1,800

1,900

2,000

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

Q3

Q4

Q1

Q2

Q3

Q4

2012 2013 2014 2015 2016 2017 2018 2019

in B

illio

n P

eso

s

ORIGINAL

SEASONAL ADJ

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

2,300

2,400

2,500

2,600

2,700

2,800

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

Q3

Q4

Q1

Q2

Q3

Q4

2012 2013 2014 2015 2016 2017 2018 2019

in B

illio

n P

eso

s

ORIGINAL

SEASONAL ADJ

1,600

1,700

1,800

1,900

2,000

2,100

2,200

2,300

2,400

2,500

2,600

2,700

2,800

2,900

3,000

3,100

3,200

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

Q3

Q4

Q1

Q2

Q3

Q4

2012 2013 2014 2015 2016 2017 2018 2019

in B

illio

n P

eso

s

ORIGINAL

SEASON ADJ

Original Data vs. Seasonally Adjusted Household Final Consumption Expenditure

Q1 2012 to Q4 2019

■ Gross Domestic Product (GDP)grew quarter-on-quarter by 2.2 percent in thefourth quarter of 2019. Trade, Manufacturingand Construction were the top drivers of growthfor the quarter.

Industry and Services posted quarter-on-quartergrowth of 2.7 percent and2.3 percent, respectively. Meanwhile,Agriculture declined by 0.1 percent.

Moreover, quarter-on-quarter growth of theGross National Income (GNI) in the fourthquarter of 2019 was at 1.6 percent.

HOUSEHOLD FINAL CONSUMPTION EXPENDITURE

■ On the demand side, Household FinalConsumption Expenditure (HFCE) grewquarter-on-quarter by 1.3 percent in the fourthquarter of 2019. Growth in HFCE was driven bythe following: Food and Non-AlcoholicBeverages; Miscellaneous Goods and Services;and Housing, Water, Electricity Gas and OtherFuels.

THE SEASONALLY ADJUSTEDNATIONAL ACCOUNTS OF THE PHILIPPINES

Fourth Quarter 2019

SEASONALLY ADJUSTED GROSS DOMESTIC PRODUCT & GROSS NATIONAL INCOME

0

0

0

Original Data vs. Seasonally Adjusted Gross Domestic Product

Q1 2012 to Q4 2019

Original Data vs. Seasonally Adjusted Gross National Income

Q1 2012 to Q4 2019

Page 35: 1st Quarter 2017 to 1st Quarter 2019

130

140

150

160

170

180

190

200

210

220

230

240

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

Q3

Q4

Q1

Q2

Q3

Q4

2012 2013 2014 2015 2016 2017 2018 2019

in B

illio

n P

eso

s

ORIGINAL

SEASON ADJ

700

800

900

1,000

1,100

1,200

1,300

1,400

1,500

1,600

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

Q3

Q4

Q1

Q2

Q3

Q4

2012 2013 2014 2015 2016 2017 2018 2019

in B

illio

n P

eso

s

ORIGINAL

SEASONAL ADJ

400

500

600

700

800

900

1,000

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

Q3

Q4

Q1

Q2

Q3

Q4

2012 2013 2014 2015 2016 2017 2018 2019

in B

illio

n P

eso

s

ORIGINAL

SEASON ADJ

■ Agriculture, Hunting, Forestry andFishing declined quarter-on-quarter by0.1 percent in the fourth quarterof 2019. Top contributors to the declinewere Livestock, Corn and Sugarcane.

AGRICULTURE, HUNTING, FORESTRY AND FISHING

INDUSTRY

SERVICES

■ Industry posted a quarter-on-quartergrowth of 2.7 percent in the fourthquarter of 2019 from the 2.4 percentgrowth in the previous quarter. All sub-industries contributed to the growth.

■ Services also posted a quarter-on-quarter growth of 2.3 percent in the fourthquarter of 2019. The maindrivers of growth were Trade,Financial Intermediation and PublicAdministration and Defense.

0

0

0

Original Data vs. Seasonally Adjusted Gross Value Added for Agriculture, Hunting,

Forestry and FishingQ1 2012 to Q4 2019

Original Data vs. Seasonally Adjusted Gross Value Added for Industry

Q1 2012 to Q4 2019

Original Data vs. Seasonally Adjusted Gross Value Added for Services

Q1 2012 to Q4 2019

Page 36: 1st Quarter 2017 to 1st Quarter 2019

Year Qtr AHFF Industry Services GDP GNI HFCE

2012 Q1 171,216 493,179 876,276 1,540,671 1,833,531 1,082,332

Q2 174,357 496,207 877,853 1,548,417 1,867,702 1,101,769

Q3 178,375 519,209 895,136 1,592,720 1,910,815 1,113,823

Q4 174,131 520,529 916,476 1,611,135 1,943,641 1,132,652

2013 Q1 176,394 549,038 929,659 1,655,091 1,986,229 1,139,672

Q2 174,591 549,443 946,660 1,670,694 2,008,238 1,158,493

Q3 178,803 560,009 962,693 1,701,505 2,078,120 1,182,824

Q4 175,763 560,202 976,461 1,712,425 2,077,094 1,198,343

2014 Q1 179,057 579,788 994,348 1,753,193 2,122,076 1,212,036

Q2 179,371 595,508 1,003,828 1,778,707 2,148,660 1,221,731

Q3 174,869 602,495 1,017,283 1,794,646 2,167,386 1,243,378

Q4 182,697 612,286 1,030,505 1,825,488 2,197,599 1,262,479

2015 Q1 181,011 613,847 1,050,737 1,845,595 2,222,814 1,283,116

Q2 179,112 633,981 1,070,664 1,883,757 2,263,690 1,300,115

Q3 174,985 641,015 1,091,482 1,907,483 2,300,597 1,321,807

Q4 181,886 655,476 1,110,883 1,948,245 2,350,538 1,346,621

2016 Q1 173,431 669,171 1,131,497 1,974,099 2,385,673 1,372,910

Q2 175,547 681,981 1,157,671 2,015,199 2,421,478 1,397,557

Q3 180,375 693,477 1,167,159 2,041,011 2,450,549 1,420,036

Q4 179,858 702,490 1,191,168 2,073,515 2,494,160 1,437,616

2017 Q1 183,046 715,075 1,210,293 2,108,414 2,537,231 1,454,444

Q2 185,548 728,803 1,231,799 2,146,149 2,580,645 1,478,235

Q3 185,249 743,222 1,251,582 2,180,054 2,624,345 1,499,457

Q4 184,193 754,211 1,271,919 2,210,324 2,649,289 1,526,584

2018 Q1 184,670 767,190 1,293,660 2,245,521 2,692,994 1,533,604

Q2 186,872 781,429 1,313,533 2,281,834 2,737,626 1,568,571

Q3 184,927 785,394 1,338,568 2,308,889 2,773,876 1,580,913

Q4 187,386 807,885 1,358,518 2,353,789 2,802,545 1,605,931

2019 Q1 187,156 802,562 1,380,591 2,370,309 2,834,379 1,631,012

Q2 187,596 810,702 1,406,708 2,405,006 2,873,379 1,651,488

Q3 190,299 829,957 1,431,418 2,451,674 2,928,708 1,674,222

Q4 190,193 852,282 1,463,975 2,506,450 2,975,936 1,695,464

SUMMARY TABLE 1.

SEASONALLY ADJUSTED NATIONAL ACCOUNTS SERIES

At Constant 2000 Prices, In Million Pesos

(First Quarter 2012 to Fourth Quarter 2019)

Page 37: 1st Quarter 2017 to 1st Quarter 2019

(in percent)

Year Qtr. AHFF Industry Services GDP GNI HFCE

2012 Q1

Q2 1.8 0.6 0.2 0.5 1.9 1.8

Q3 2.3 4.6 2.0 2.9 2.3 1.1

Q4 -2.4 0.3 2.4 1.2 1.7 1.7

2013 Q1 1.3 5.5 1.4 2.7 2.2 0.6

Q2 -1.0 0.1 1.8 0.9 1.1 1.7

Q3 2.4 1.9 1.7 1.8 3.5 2.1

Q4 -1.7 0.0 1.4 0.6 0.0 1.3

2014 Q1 1.9 3.5 1.8 2.4 2.2 1.1

Q2 0.2 2.7 1.0 1.5 1.3 0.8

Q3 -2.5 1.2 1.3 0.9 0.9 1.8

Q4 4.5 1.6 1.3 1.7 1.4 1.5

2015 Q1 -0.9 0.3 2.0 1.1 1.1 1.6

Q2 -1.0 3.3 1.9 2.1 1.8 1.3

Q3 -2.3 1.1 1.9 1.3 1.6 1.7

Q4 3.9 2.3 1.8 2.1 2.2 1.9

2016 Q1 -4.6 2.1 1.9 1.3 1.5 2.0

Q2 1.2 1.9 2.3 2.1 1.5 1.8

Q3 2.8 1.7 0.8 1.3 1.2 1.6

Q4 -0.3 1.3 2.1 1.6 1.8 1.2

2017 Q1 1.8 1.8 1.6 1.7 1.7 1.2

Q2 1.4 1.9 1.8 1.8 1.7 1.6

Q3 -0.2 2.0 1.6 1.6 1.7 1.4

Q4 -0.6 1.5 1.6 1.4 1.0 1.8

2018 Q1 0.3 1.7 1.7 1.6 1.6 0.5

Q2 1.2 1.9 1.5 1.6 1.7 2.3

Q3 -1.0 0.5 1.9 1.2 1.3 0.8

Q4 1.3 2.9 1.5 1.9 1.0 1.6

2019 Q1 -0.1 -0.7 1.6 0.7 1.1 1.6

Q2 0.2 1.0 1.9 1.5 1.4 1.3

Q3 1.4 2.4 1.8 1.9 1.9 1.4

Q4 -0.1 2.7 2.3 2.2 1.6 1.3

SUMMARY TABLE 2.

QUARTER TO QUARTER GROWTH RATES

(First Quarter 2012 to Fourth Quarter 2019)

Page 38: 1st Quarter 2017 to 1st Quarter 2019

SEASONALLY ADJUSTED NATIONAL ACCOUNTS SERIES QUARTER TO QUARTER GROWTH RATES

At Constant Prices (2000=100) First Quarter 2012 to Fourth Quarter 2019(As of January 2020)

-2.3

0.0

2.3

4.6

2012 2013 2014 2015 2016 2017 2018 2019

Gro

wth

Ra

te (

In P

erc

en

t)

0.0

1.0

2.0

3.0

4.0

2012 2013 2014 2015 2016 2017 2018 2019

Gro

wth

Ra

te (

In P

erc

en

t)

1,300

1,500

1,700

1,900

2,100

2,300

2,500

2,700

2012 2013 2014 2015 2016 2017 2018 2019

In B

illio

n P

eso

s

SEASONALLY ADJUSTED GDP

`

0.0

0.5

1.0

1.5

2.0

2.5

2012 2013 2014 2015 2016 2017 2018 2019

Gro

wth

Ra

te (

In P

erc

en

t)

1,600

1,800

2,000

2,200

2,400

2,600

2,800

3,000

3,200

2012 2013 2014 2015 2016 2017 2018 2019

In B

illi

on

Pe

so

s

SEASONALLY ADJUSTED GNI

1,000

1,100

1,200

1,300

1,400

1,500

1,600

1,700

1,800

2012 2013 2014 2015 2016 2017 2018 2019

In B

illio

n P

eso

s

SEASONALLY ADJUSTED HFCE

`

0

0

0

Page 39: 1st Quarter 2017 to 1st Quarter 2019

SEASONALLY ADJUSTED NATIONAL ACCOUNTS SERIES QUARTER TO QUARTER GROWTH RATES

At Constant Prices (2000=100) First Quarter 2012 to Fourth Quarter 2019(As of January 2020)

-6.0

-4.0

-2.0

0.0

2.0

4.0

6.0

2012 2013 2014 2015 2016 2017 2018 2019

Gro

wth

Ra

te (

In P

erc

en

t)

165

170

175

180

185

190

195

2012 2013 2014 2015 2016 2017 2018 2019

In B

illi

on

Pe

so

s

AGRICULTURE

-2.0

0.0

2.0

4.0

6.0

2012 2013 2014 2015 2016 2017 2018 2019

Gro

wth

Ra

te (

In P

erc

en

t)

400

450

500

550

600

650

700

750

800

850

900

2012 2013 2014 2015 2016 2017 2018 2019

In B

illi

on

Pe

so

s

INDUSTRY

0.0

2.0

4.0

2012 2013 2014 2015 2016 2017 2018 2019

Gro

wth

Ra

te (

In P

erc

en

t)

700

800

900

1,000

1,100

1,200

1,300

1,400

1,500

1,600

2012 2013 2014 2015 2016 2017 2018 2019

In B

illi

on

Pe

so

s

SERVICES

0

0

0

Page 40: 1st Quarter 2017 to 1st Quarter 2019

Confidence Intervals for the Growth Rate of the Gross Domestic Product (GDP)

GDP Confidence Intervals for the Growth Rate of GDP

Growth 90% 95% 99%

Rate1/

Lower Limit Upper Limit Lower Limit Upper Limit Lower Limit Upper Limit

2007 Q1 7.0 6.7 7.4 6.6 7.5 6.4 7.7

Q2 7.6 7.3 8.0 7.2 8.1 7.1 8.2

Q3 6.4 6.2 6.9 6.1 7.0 6.0 7.1

Q4 7.4 7.0 7.8 7.0 7.9 6.8 8.0

2008 Q1 5.4 5.0 5.7 4.9 5.8 4.8 5.9

Q2 4.7 4.4 5.1 4.3 5.1 4.2 5.3

Q3 5.0 4.6 5.3 4.5 5.3 4.4 5.5

Q4 4.5 4.1 4.7 4.0 4.8 3.9 4.9

2009 Q1 0.6 0.2 0.9 0.2 0.9 0.1 1.1

Q2 2.0 1.7 2.3 1.6 2.4 1.5 2.5

Q3 0.8 0.5 1.1 0.5 1.2 0.4 1.3

Q4 1.7 1.4 2.0 1.4 2.1 1.2 2.2

2010 Q1 7.3 7.1 7.7 7.0 7.8 6.9 7.9

Q2 7.9 7.7 8.4 7.7 8.4 7.5 8.6

Q3 6.5 6.3 6.9 6.2 7.0 6.1 7.1

Q4 7.1 6.9 7.5 6.8 7.6 6.7 7.7

2011 Q1 4.6 4.4 5.0 4.3 5.1 4.2 5.2

Q2 3.4 3.2 3.8 3.1 3.8 3.0 3.9

Q3 3.2 3.0 3.5 2.9 3.6 2.8 3.7

Q4 3.7 3.5 4.1 3.4 4.1 3.3 4.2

2012 Q1 6.4 6.2 6.8 6.2 6.8 6.1 6.9

Q2 5.9 5.7 6.3 5.7 6.3 5.6 6.4

Q3 7.1 6.9 7.4 6.8 7.5 6.7 7.6

Q4 6.8 6.7 7.2 6.6 7.2 6.5 7.3

2013 Q1 7.8 7.7 8.2 7.6 8.2 7.5 8.3

Q2 7.5 7.4 7.9 7.3 8.0 7.2 8.0

Q3 7.0 6.8 7.3 6.8 7.4 6.7 7.5

Q4 6.5 6.3 6.8 6.3 6.9 6.2 7.0

2014 Q1 5.7 5.6 6.0 5.5 6.1 5.4 6.2

Q2 6.4 6.2 6.7 6.2 6.7 6.1 6.8

Q3 5.3 5.1 5.6 5.1 5.6 5.0 5.7

Q4 6.9 6.8 7.2 6.7 7.3 6.6 7.4

2015 Q1 5.2 5.0 5.5 5.0 5.5 4.9 5.6

Q2 5.6 5.4 5.9 5.4 5.9 5.3 6.0

Q3 6.0 5.9 6.4 5.9 6.4 5.8 6.5

Q4 6.3 6.2 6.7 6.2 6.7 6.1 6.8

2016 Q1 6.9 6.8 7.2 6.8 7.3 6.7 7.4

Q2 7.0 6.9 7.3 6.8 7.3 6.7 7.4

Q3 7.1 7.0 7.4 6.9 7.4 6.8 7.5

Q4 6.6 6.4 6.9 6.4 6.9 6.3 7.0

2017 Q1 6.4 6.3 6.7 6.2 6.7 6.1 6.8

Q2 6.5 6.4 6.8 6.3 6.8 6.2 6.9

Q3 6.9 6.7 7.2 6.7 7.2 6.6 7.3

Q4 6.6 6.4 6.9 6.4 6.9 6.3 7.0

2018 Q1 6.8 6.7 7.1 6.7 7.2 6.6 7.3

Q2 6.0 5.9 6.3 5.8 6.3 5.8 6.4

Q3 6.1 6.0 6.4 6.0 6.5 5.9 6.5

Q4 6.1 5.9 6.4 5.9 6.4 5.8 6.5

2019 Q1 5.6 5.4 5.9 5.4 5.9 5.3 6.0

Q2 5.5 5.4 5.8 5.3 5.8 5.2 5.9

Q3 6.2 6.1 6.5 6.0 6.5 6.0 6.6

Q4 6.4 6.3 6.7 6.3 6.8 6.2 6.9

1/ refers to GDP growth as initially estimated

Source of Data: Philippine Statistics Authority

Period

The country's GDP at constant prices grew by 6.4 percent in thefourth quarter of 2019. There is 90 percent confidence that the growth of GDP isbetween 6.3 percent and 6.7 percent.

xxi

Page 41: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 1Unit: In million pesos As of January 2020

TABLE 1A. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY EXPENDITURE SHARES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICES

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

TYPE OF EXPENDITURE Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------1. Household Final Consumption Expenditure 2,687,723 2,858,272 2,791,186 3,276,961 2,941,384 3,167,260 3,113,206 3,643,079 3,227,062 3,431,434 3,342,716 3,890,832 11,614,142 12,864,928 13,892,0432. Government Final Consumption Expenditure 360,535 511,156 431,561 473,653 419,266 590,087 513,186 555,898 463,922 649,319 576,882 676,509 1,776,906 2,078,437 2,366,632

3. Capital Formation (FC+CI) 925,328 985,419 963,333 1,099,411 1,057,991 1,184,790 1,203,307 1,248,263 1,181,559 1,108,109 1,195,786 1,265,058 3,973,492 4,694,352 4,750,513 A. Fixed Capital (FC) 913,340 989,734 973,271 1,077,285 1,025,074 1,197,374 1,196,899 1,244,510 1,138,325 1,182,328 1,265,944 1,300,496 3,953,630 4,663,858 4,887,093 1. Construction 413,522 539,170 479,665 506,587 476,577 637,564 582,475 629,725 528,261 667,003 699,687 725,823 1,938,944 2,326,341 2,620,773 2. Durable Equipment 427,966 376,987 424,459 476,982 467,328 474,972 533,676 508,260 519,569 418,279 477,210 458,027 1,706,394 1,984,236 1,873,085 3. Breeding Stock & Orchard Dev't 49,666 51,036 47,937 67,450 58,042 57,916 55,864 75,169 64,591 64,638 58,887 80,299 216,089 246,991 268,413 4. Intellectual Property Products 22,185 22,541 21,211 26,266 23,127 26,923 24,885 31,356 25,905 32,408 30,160 36,348 92,202 106,291 124,821 B. Changes in Inventories (CI) 11,989 -4,314 -9,939 22,127 32,917 -12,584 6,408 3,753 43,234 -74,219 -70,158 -35,437 19,862 30,493 -136,580

4. Exports 1,217,654 1,163,957 1,311,255 1,211,171 1,345,420 1,332,880 1,479,908 1,363,111 1,397,558 1,386,029 1,448,217 1,363,028 4,904,037 5,521,318 5,594,831 A. Exports of Goods 687,992 584,973 806,539 756,284 706,735 666,398 935,357 860,777 710,918 670,866 850,249 830,477 2,835,789 3,169,266 3,062,511 B. Exports of Services 529,662 578,983 504,716 454,887 638,685 666,482 544,552 502,334 686,640 715,163 597,967 532,550 2,068,248 2,352,053 2,532,321

5. Less : Imports 1,653,779 1,537,830 1,645,392 1,623,981 1,861,751 1,938,410 2,043,488 1,889,184 2,037,412 1,903,618 2,021,780 1,876,353 6,460,981 7,732,833 7,839,162 A. Imports of Goods 1,345,620 1,252,387 1,337,206 1,250,636 1,523,865 1,620,266 1,707,175 1,471,129 1,673,848 1,578,506 1,674,788 1,445,894 5,185,850 6,322,435 6,373,036 B. Imports of Services 308,159 285,442 308,186 373,345 337,886 318,145 336,313 418,055 363,563 325,112 346,992 430,458 1,275,132 1,410,399 1,466,126

6. Statistical Discrepancy 28,652 -35,716 -30,252 37,316 13,044 4,142 -40,637 23,451 -27,246 -44,204 -44,127 -36,237 0 0 -151,813

GROSS DOMESTIC PRODUCT 3,566,114 3,945,258 3,821,691 4,474,533 3,915,354 4,340,749 4,225,482 4,944,618 4,205,443 4,627,070 4,497,694 5,282,837 15,807,596 17,426,202 18,613,044

Net Primary Income from the rest of the world 786,116 796,333 805,978 810,366 852,541 860,268 892,154 878,726 910,822 907,840 947,681 936,419 3,198,792 3,483,689 3,702,761

GROSS NATIONAL INCOME 4,352,229 4,741,591 4,627,669 5,284,899 4,767,895 5,201,016 5,117,636 5,823,344 5,116,265 5,534,910 5,445,375 6,219,256 19,006,388 20,909,891 22,315,806

=============================================================================================================================================================================== p y p Source: Philippine Statistics Authority

Page 42: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 2Unit: In million pesos As of January 2020

TABLE 1B. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY EXPENDITURE SHARES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICES

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

TYPE OF EXPENDITURE Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Household Final Consumption Expenditure 1,397,345 1,470,848 1,406,989 1,699,169 1,476,278 1,559,277 1,481,996 1,789,083 1,566,834 1,644,576 1,570,167 1,888,718 5,974,351 6,306,635 6,670,2952. Government Final Consumption Expenditure 206,987 273,259 217,383 209,951 235,042 305,815 248,380 236,454 252,373 328,019 272,140 280,571 907,580 1,025,691 1,133,103

3. Capital Formation (FC+CI) 631,213 567,731 595,122 711,383 696,542 681,352 711,757 746,213 752,245 623,129 693,026 749,052 2,505,449 2,835,865 2,817,452 A. Fixed Capital (FC) 618,064 573,058 607,404 685,719 668,970 683,459 708,122 744,263 711,780 651,787 721,296 762,296 2,484,245 2,804,813 2,847,159 1. Construction 173,101 230,001 205,824 230,308 191,833 257,449 233,191 270,747 204,045 264,672 271,794 302,777 839,234 953,219 1,043,288 2. Durable Equipment 391,917 295,920 350,285 392,957 420,152 372,041 414,948 401,939 445,744 324,236 376,813 378,064 1,431,079 1,609,080 1,524,857 3. Breeding Stock & Orchard Dev't 27,942 24,905 20,271 33,136 29,094 25,797 21,526 34,867 30,207 26,716 22,256 36,131 106,255 111,286 115,310 4. Intellectual Property Products 25,104 22,231 31,024 29,318 27,890 28,172 38,456 36,710 31,784 36,163 50,433 45,324 107,677 131,228 163,704 B. Changes in Inventories (CI) 13,149 -5,326 -12,282 25,664 27,572 -2,107 3,636 1,950 40,465 -28,657 -28,270 -13,243 21,204 31,051 -29,707

4. Exports 1,181,832 1,260,326 1,389,093 1,104,448 1,303,859 1,445,475 1,586,458 1,263,356 1,377,595 1,514,723 1,597,368 1,288,106 4,935,700 5,599,149 5,777,792 A. Exports of Goods 921,367 976,582 1,144,136 886,350 1,002,138 1,134,120 1,336,773 1,029,176 1,064,933 1,190,134 1,327,314 1,043,394 3,928,434 4,502,207 4,625,775 B. Exports of Services 260,465 283,745 244,958 218,099 301,721 311,355 249,685 234,181 312,663 324,588 270,054 244,712 1,007,266 1,096,942 1,152,017

5. Less : Imports 1,417,241 1,351,244 1,500,880 1,387,897 1,577,984 1,635,037 1,787,469 1,559,961 1,713,777 1,633,830 1,783,031 1,564,816 5,657,262 6,560,451 6,695,455 A. Imports of Goods 1,156,730 1,137,689 1,255,864 1,081,897 1,293,990 1,399,331 1,522,641 1,220,858 1,410,455 1,395,469 1,512,776 1,219,280 4,632,180 5,436,820 5,537,980 B. Imports of Services 260,512 213,555 245,016 306,000 283,994 235,706 264,828 339,103 303,322 238,361 270,256 345,536 1,025,082 1,123,631 1,157,475

6. Statistical Discrepancy 6,494 -2,852 -13,696 10,054 4,274 -2,124 -21,037 18,888 22,279 7,688 4,631 12,813 0 0 47,411

GROSS DOMESTIC PRODUCT 2,006,630 2,218,069 2,094,011 2,347,108 2,138,010 2,354,760 2,220,086 2,494,033 2,257,549 2,484,305 2,354,301 2,654,444 8,665,818 9,206,889 9,750,598

Net Primary Income from the rest of the world 440,999 423,300 428,683 435,545 462,705 442,495 451,044 447,121 477,352 452,685 468,510 467,837 1,728,528 1,803,363 1,866,384

GROSS NATIONAL INCOME 2,447,629 2,641,369 2,522,695 2,782,653 2,600,715 2,797,254 2,671,129 2,941,154 2,734,900 2,936,990 2,822,811 3,122,281 10,394,346 11,010,252 11,616,982

===============================================================================================================================================================================Source: Philippine Statistics Authority

Page 43: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 3Unit: In Percent As of January 2020

TABLE 2A. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY EXPENDITURE SHARES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESPercent Distribution--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2017 2018 2019 ANNUALTYPE OF EXPENDITURE Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Household Final Consumption Expenditure 61.8 60.3 60.3 62.0 61.7 60.9 60.8 62.6 63.1 62.0 61.4 62.6 61.1 61.5 62.32. Government Final Consumption Expenditure 8.3 10.8 9.3 9.0 8.8 11.3 10.0 9.5 9.1 11.7 10.6 10.9 9.3 9.9 10.6

3. Capital Formation (FC+CI) 21.3 20.8 20.8 20.8 22.2 22.8 23.5 21.4 23.1 20.0 22.0 20.3 20.9 22.5 21.3 A. Fixed Capital (FC) 21.0 20.9 21.0 20.4 21.5 23.0 23.4 21.4 22.2 21.4 23.2 20.9 20.8 22.3 21.9 1. Construction 9.5 11.4 10.4 9.6 10.0 12.3 11.4 10.8 10.3 12.1 12.8 11.7 10.2 11.1 11.7 2. Durable Equipment 9.8 8.0 9.2 9.0 9.8 9.1 10.4 8.7 10.2 7.6 8.8 7.4 9.0 9.5 8.4 3. Breeding Stock & Orchard Dev't 1.1 1.1 1.0 1.3 1.2 1.1 1.1 1.3 1.3 1.2 1.1 1.3 1.1 1.2 1.2 4. Intellectual Property Products 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.6 0.6 0.6 0.5 0.5 0.6

4. Exports 28.0 24.5 28.3 22.9 28.2 25.6 28.9 23.4 27.3 25.0 26.6 21.9 25.8 26.4 25.1 A. Exports of Goods 15.8 12.3 17.4 14.3 14.8 12.8 18.3 14.8 13.9 12.1 15.6 13.4 14.9 15.2 13.7 B. Exports of Services 12.2 12.2 10.9 8.6 13.4 12.8 10.6 8.6 13.4 12.9 11.0 8.6 10.9 11.2 11.3

5. Less : Imports 38.0 32.4 35.6 30.7 39.0 37.3 39.9 32.4 39.8 34.4 37.1 30.2 34.0 37.0 35.1 A. Imports of Goods 30.9 26.4 28.9 23.7 32.0 31.2 33.4 25.3 32.7 28.5 30.8 23.2 27.3 30.2 28.6 B. Imports of Services 7.1 6.0 6.7 7.1 7.1 6.1 6.6 7.2 7.1 5.9 6.4 6.9 6.7 6.7 6.6

GROSS DOMESTIC PRODUCT 81.9 83.2 82.6 84.7 82.1 83.5 82.6 84.9 82.2 83.6 82.6 84.9 83.2 83.3 83.4

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

===============================================================================================================================================================================Source: Philippine Statistics Authority

Page 44: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 4Unit: In Percent As of January 2020

TABLE 2B. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY EXPENDITURE SHARES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESPercent Distribution--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2017 2018 2019 ANNUALTYPE OF EXPENDITURE Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Household Final Consumption Expenditure 57.1 55.7 55.8 61.1 56.8 55.7 55.5 60.8 57.3 56.0 55.6 60.5 57.5 57.3 57.42. Government Final Consumption Expenditure 8.5 10.3 8.6 7.5 9.0 10.9 9.3 8.0 9.2 11.2 9.6 9.0 8.7 9.3 9.8

3. Capital Formation (FC+CI) 25.8 21.5 23.6 25.6 26.8 24.4 26.6 25.4 27.5 21.2 24.6 24.0 24.1 25.8 24.3 A. Fixed Capital (FC) 25.3 21.7 24.1 24.6 25.7 24.4 26.5 25.3 26.0 22.2 25.6 24.4 23.9 25.5 24.5 1. Construction 7.1 8.7 8.2 8.3 7.4 9.2 8.7 9.2 7.5 9.0 9.6 9.7 8.1 8.7 9.0 2. Durable Equipment 16.0 11.2 13.9 14.1 16.2 13.3 15.5 13.7 16.3 11.0 13.3 12.1 13.8 14.6 13.1 3. Breeding Stock & Orchard Dev't 1.1 0.9 0.8 1.2 1.1 0.9 0.8 1.2 1.1 0.9 0.8 1.2 1.0 1.0 1.0 4. Intellectual Property Products 1.0 0.8 1.2 1.1 1.1 1.0 1.4 1.2 1.2 1.2 1.8 1.5 1.0 1.2 1.4

4. Exports 48.3 47.7 55.1 39.7 50.1 51.7 59.4 43.0 50.4 51.6 56.6 41.3 47.5 50.9 49.7 A. Exports of Goods 37.6 37.0 45.4 31.9 38.5 40.5 50.0 35.0 38.9 40.5 47.0 33.4 37.8 40.9 39.8 B. Exports of Services 10.6 10.7 9.7 7.8 11.6 11.1 9.3 8.0 11.4 11.1 9.6 7.8 9.7 10.0 9.9

5. Less : Imports 57.9 51.2 59.5 49.9 60.7 58.5 66.9 53.0 62.7 55.6 63.2 50.1 54.4 59.6 57.6 A. Imports of Goods 47.3 43.1 49.8 38.9 49.8 50.0 57.0 41.5 51.6 47.5 53.6 39.1 44.6 49.4 47.7 B. Imports of Services 10.6 8.1 9.7 11.0 10.9 8.4 9.9 11.5 11.1 8.1 9.6 11.1 9.9 10.2 10.0

GROSS DOMESTIC PRODUCT 82.0 84.0 83.0 84.3 82.2 84.2 83.1 84.8 82.5 84.6 83.4 85.0 83.4 83.6 83.9

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

===============================================================================================================================================================================Source: Philippine Statistics Authority

Page 45: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 5Unit: In Percent As of January 2020

TABLE 3A. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY EXPENDITURE SHARES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESGrowth Rates---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUAL

TYPE OF EXPENDITURE Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Household Final Consumption Expenditure 9.4 10.8 11.5 11.2 9.7 8.3 7.4 6.8 10.8 8.02. Government Final Consumption Expenditure 16.3 15.4 18.9 17.4 10.7 10.0 12.4 21.7 17.0 13.9

3. Capital Formation (FC+CI) 14.3 20.2 24.9 13.5 11.7 -6.5 -0.6 1.3 18.1 1.2 A. Fixed Capital (FC) 12.2 21.0 23.0 15.5 11.0 -1.3 5.8 4.5 18.0 4.8 1. Construction 15.2 18.2 21.4 24.3 10.8 4.6 20.1 15.3 20.0 12.7 2. Durable Equipment 9.2 26.0 25.7 6.6 11.2 -11.9 -10.6 -9.9 16.3 -5.6 3. Breeding Stock & Orchard Dev't 16.9 13.5 16.5 11.4 11.3 11.6 5.4 6.8 14.3 8.7 4. Intellectual Property Products 4.2 19.4 17.3 19.4 12.0 20.4 21.2 15.9 15.3 17.4

4. Exports 10.5 14.5 12.9 12.5 3.9 4.0 -2.1 0.0 12.6 1.3 A. Exports of Goods 2.7 13.9 16.0 13.8 0.6 0.7 -9.1 -3.5 11.8 -3.4 B. Exports of Services 20.6 15.1 7.9 10.4 7.5 7.3 9.8 6.0 13.7 7.7

5. Less : Imports 12.6 26.0 24.2 16.3 9.4 -1.8 -1.1 -0.7 19.7 1.4 A. Imports of Goods 13.2 29.4 27.7 17.6 9.8 -2.6 -1.9 -1.7 21.9 0.8 B. Imports of Services 9.6 11.5 9.1 12.0 7.6 2.2 3.2 3.0 10.6 4.0

GROSS DOMESTIC PRODUCT 9.8 10.0 10.6 10.5 7.4 6.6 6.4 6.8 10.2 6.8

GROSS NATIONAL INCOME 9.6 9.7 10.6 10.2 7.3 6.4 6.4 6.8 10.0 6.7

=====================================================================================================================================================================Source: Philippine Statistics Authority

Page 46: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 6Unit: In Percent As of January 2020

TABLE 3B. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY EXPENDITURE SHARES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESGrowth Rates---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUAL

TYPE OF EXPENDITURE Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Household Final Consumption Expenditure 5.6 6.0 5.3 5.3 6.1 5.5 5.9 5.6 5.6 5.82. Government Final Consumption Expenditure 13.6 11.9 14.3 12.6 7.4 7.3 9.6 18.7 13.0 10.5

3. Capital Formation (FC+CI) 10.3 20.0 19.6 4.9 8.0 -8.5 -2.6 0.4 13.2 -0.6 A. Fixed Capital (FC) 8.2 19.3 16.6 8.5 6.4 -4.6 1.9 2.4 12.9 1.5 1. Construction 10.8 11.9 13.3 17.6 6.4 2.8 16.6 11.8 13.6 9.4 2. Durable Equipment 7.2 25.7 18.5 2.3 6.1 -12.8 -9.2 -5.9 12.4 -5.2 3. Breeding Stock & Orchard Dev't 4.1 3.6 6.2 5.2 3.8 3.6 3.4 3.6 4.7 3.6 4. Intellectual Property Products 11.1 26.7 24.0 25.2 14.0 28.4 31.1 23.5 21.9 24.7

4. Exports 10.3 14.7 14.2 14.4 5.7 4.8 0.7 2.0 13.4 3.2 A. Exports of Goods 8.8 16.1 16.8 16.1 6.3 4.9 -0.7 1.4 14.6 2.7 B. Exports of Services 15.8 9.7 1.9 7.4 3.6 4.3 8.2 4.5 8.9 5.0

5. Less : Imports 11.3 21.0 19.1 12.4 8.6 -0.1 -0.2 0.3 16.0 2.1 A. Imports of Goods 11.9 23.0 21.2 12.8 9.0 -0.3 -0.6 -0.1 17.4 1.9 B. Imports of Services 9.0 10.4 8.1 10.8 6.8 1.1 2.0 1.9 9.6 3.0

GROSS DOMESTIC PRODUCT 6.5 6.2 6.0 6.3 5.6 5.5 6.0 6.4 6.2 5.9

GROSS NATIONAL INCOME 6.3 5.9 5.9 5.7 5.2 5.0 5.7 6.2 5.9 5.5

=====================================================================================================================================================================Source: Philippine Statistics Authority

Page 47: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 7Base Year: 2000 As of January 2020

TABLE 4. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY EXPENDITURE SHARES1ST QUARTER 2017 TO 4TH QUARTER 2019Implicit Price Index

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

TYPE OF EXPENDITURE Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Household Final Consumption Expenditure 192.3 194.3 198.4 192.9 199.2 203.1 210.1 203.6 206.0 208.7 212.9 206.0 194.4 204.0 208.32. Government Final Consumption Expenditure 174.2 187.1 198.5 225.6 178.4 193.0 206.6 235.1 183.8 198.0 212.0 241.1 195.8 202.6 208.9

3. Capital Formation (FC+CI) 146.6 173.6 161.9 154.5 151.9 173.9 169.1 167.3 157.1 177.8 172.5 168.9 158.6 165.5 168.6 A. Fixed Capital (FC) 147.8 172.7 160.2 157.1 153.2 175.2 169.0 167.2 159.9 181.4 175.5 170.6 159.1 166.3 171.6 1. Construction 238.9 234.4 233.0 220.0 248.4 247.6 249.8 232.6 258.9 252.0 257.4 239.7 231.0 244.1 251.2 2. Durable Equipment 109.2 127.4 121.2 121.4 111.2 127.7 128.6 126.5 116.6 129.0 126.6 121.2 119.2 123.3 122.8 3. Breeding Stock & Orchard Dev't 177.7 204.9 236.5 203.6 199.5 224.5 259.5 215.6 213.8 241.9 264.6 222.2 203.4 221.9 232.8 4. Intellectual Property Products 88.4 101.4 68.4 89.6 82.9 95.6 64.7 85.4 81.5 89.6 59.8 80.2 85.6 81.0 76.2

4. Exports 103.0 92.4 94.4 109.7 103.2 92.2 93.3 107.9 101.4 91.5 90.7 105.8 99.4 98.6 96.8 A. Exports of Goods 74.7 59.9 70.5 85.3 70.5 58.8 70.0 83.6 66.8 56.4 64.1 79.6 72.2 70.4 66.2 B. Exports of Services 203.4 204.1 206.0 208.6 211.7 214.1 218.1 214.5 219.6 220.3 221.4 217.6 205.3 214.4 219.8

5. Less : Imports 116.7 113.8 109.6 117.0 118.0 118.6 114.3 121.1 118.9 116.5 113.4 119.9 114.2 117.9 117.1 A. Imports of Goods 116.3 110.1 106.5 115.6 117.8 115.8 112.1 120.5 118.7 113.1 110.7 118.6 112.0 116.3 115.1 B. Imports of Services 118.3 133.7 125.8 122.0 119.0 135.0 127.0 123.3 119.9 136.4 128.4 124.6 124.4 125.5 126.7

GROSS DOMESTIC PRODUCT 177.7 177.9 182.5 190.6 183.1 184.3 190.3 198.3 186.3 186.3 191.0 199.0 182.4 189.3 190.9

GROSS NATIONAL INCOME 177.8 179.5 183.4 189.9 183.3 185.9 191.6 198.0 187.1 188.5 192.9 199.2 182.9 189.9 192.1

===============================================================================================================================================================================Source: Philippine Statistics Authority

Page 48: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 8Unit: In million pesos As of January 2020

TABLE 5A. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICES

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

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

1. AGRI., HUNTING, FORESTRY AND FISHING 364,124 349,523 347,209 466,715 396,704 369,294 366,229 485,682 383,418 355,017 352,950 462,787 1,527,571 1,617,910 1,554,172 a. Agriculture and forestry 317,522 304,531 293,838 414,482 347,878 321,243 306,049 427,870 330,817 302,053 292,933 400,370 1,330,374 1,403,040 1,326,173 b. Fishing 46,601 44,992 53,371 52,233 48,826 48,050 60,180 57,812 52,601 52,964 60,017 62,417 197,197 214,869 227,999

2. INDUSTRY SECTOR 1,102,885 1,175,702 1,090,690 1,441,565 1,226,132 1,311,456 1,217,361 1,603,097 1,308,964 1,362,847 1,273,551 1,693,037 4,810,842 5,358,045 5,638,399 a. Mining & Quarrying 31,240 34,958 35,773 31,984 36,731 39,002 35,877 34,575 37,976 40,505 32,934 32,806 133,955 146,185 144,220 b. Manufacturing 719,078 675,577 676,663 1,004,056 785,486 734,999 728,578 1,071,284 827,902 755,587 718,050 1,102,953 3,075,374 3,320,346 3,404,491 c. Construction 235,120 316,930 270,283 291,273 271,370 376,017 332,571 367,598 299,770 385,877 395,978 420,511 1,113,606 1,347,556 1,502,135 d. Electricity, Gas and Water Supply 117,447 148,238 107,971 114,252 132,545 161,437 120,334 129,641 143,316 180,879 126,590 136,768 487,908 543,958 587,552

3. SERVICE SECTOR 2,099,106 2,420,032 2,383,792 2,566,254 2,292,517 2,659,999 2,641,892 2,855,839 2,513,062 2,909,206 2,871,193 3,127,013 9,469,183 10,450,248 11,420,474 a. Transport, Storage & Communication 230,225 261,280 221,582 249,486 247,357 279,451 238,099 265,613 267,589 297,322 255,927 279,351 962,574 1,030,521 1,100,189 b. Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods 601,268 709,659 778,645 828,328 658,669 787,453 859,298 923,942 720,701 865,935 934,921 1,002,046 2,917,900 3,229,363 3,523,602 c. Financial Intermediation 310,512 344,412 315,867 326,791 347,444 388,325 357,208 368,048 397,621 436,688 403,884 414,532 1,297,583 1,461,025 1,652,726 d. R. Estate, Renting & Business Activities 474,373 518,578 546,237 545,108 505,937 550,119 586,842 584,177 537,650 585,207 626,610 616,779 2,084,296 2,227,075 2,366,246 e. Public Administration & Defense; Compulsory Social Security 122,046 174,787 153,199 204,007 140,955 207,545 191,180 247,784 162,082 234,119 209,490 302,185 654,038 787,464 907,875 f. Other Services 360,681 411,316 368,262 412,533 392,155 447,106 409,265 466,275 427,418 489,935 440,361 512,120 1,552,792 1,714,800 1,869,835

GROSS DOMESTIC PRODUCT 3,566,114 3,945,258 3,821,691 4,474,533 3,915,354 4,340,749 4,225,482 4,944,618 4,205,443 4,627,070 4,497,694 5,282,837 15,807,596 17,426,202 18,613,044

Net Primary Income from the rest of the world 786,116 796,333 805,978 810,366 852,541 860,268 892,154 878,726 910,822 907,840 947,681 936,419 3,198,792 3,483,689 3,702,761

GROSS NATIONAL INCOME 4,352,229 4,741,591 4,627,669 5,284,899 4,767,895 5,201,016 5,117,636 5,823,344 5,116,265 5,534,910 5,445,375 6,219,256 19,006,388 20,909,891 22,315,806

===============================================================================================================================================================================Source: Philippine Statistics Authority

Page 49: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 9Unit: In million pesos As of January 2020

TABLE 5B. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICES

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

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

1. AGRI., HUNTING, FORESTRY AND FISHING 182,135 173,925 164,491 218,646 184,201 174,527 164,445 222,608 185,572 175,963 169,464 225,962 739,195 745,781 756,960 a. Agriculture and forestry 154,566 147,289 134,950 180,158 157,622 147,785 135,181 183,176 158,623 148,322 139,918 185,007 616,963 623,765 631,870 b. Fishing 27,569 26,636 29,541 38,487 26,578 26,742 29,264 39,431 26,948 27,640 29,546 40,955 122,232 122,016 125,090

2. INDUSTRY SECTOR 684,783 750,083 697,796 812,877 737,435 799,205 739,410 866,797 772,891 828,681 780,789 913,425 2,945,538 3,142,846 3,295,786 a. Mining & Quarrying 19,905 30,285 16,727 17,878 21,381 28,649 16,511 19,324 22,384 32,834 15,989 19,734 84,795 85,864 90,941 b. Manufacturing 494,415 497,879 470,641 581,254 530,522 526,215 488,464 599,810 556,381 546,494 501,114 622,014 2,044,189 2,145,011 2,226,003 c. Construction 109,265 150,227 131,618 146,996 120,429 169,740 151,661 176,464 126,987 168,919 174,967 195,295 538,107 618,294 666,168 d. Electricity, Gas and Water Supply 61,197 71,692 78,810 66,749 65,103 74,601 82,774 71,199 67,138 80,435 88,719 76,382 278,447 293,677 312,674

3. SERVICE SECTOR 1,139,713 1,294,061 1,231,725 1,315,586 1,216,375 1,381,028 1,316,231 1,404,628 1,299,086 1,479,661 1,404,048 1,515,057 4,981,084 5,318,262 5,697,852 a. Transport, Storage & Communication 154,641 169,897 139,344 172,729 164,782 180,028 146,829 179,164 177,234 190,569 158,819 189,232 636,612 670,803 715,854 b. Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods 311,915 354,476 385,948 414,667 331,007 375,662 405,776 442,423 355,036 407,284 437,256 480,401 1,467,006 1,554,868 1,679,977 c. Financial Intermediation 153,670 169,079 154,398 157,992 165,628 181,934 165,482 167,961 182,594 198,676 184,036 186,320 635,139 681,005 751,626 d. R. Estate, Renting & Business Activities 224,104 261,380 258,845 255,091 234,375 273,268 273,613 265,437 243,040 283,603 284,784 274,142 999,420 1,046,693 1,085,570 e. Public Administration & Defense; Compulsory Social Security 74,056 96,170 82,598 93,410 83,825 110,586 97,318 107,130 91,987 120,069 102,490 125,406 346,234 398,859 439,952 f. Other Services 221,327 243,059 210,592 221,696 236,758 259,549 227,214 242,513 249,195 279,460 236,663 259,556 896,674 966,034 1,024,873

GROSS DOMESTIC PRODUCT 2,006,630 2,218,069 2,094,011 2,347,108 2,138,010 2,354,760 2,220,086 2,494,033 2,257,549 2,484,305 2,354,301 2,654,444 8,665,818 9,206,889 9,750,598

Net Primary Income from the rest of the world 440,999 423,300 428,683 435,545 462,705 442,495 451,044 447,121 477,352 452,685 468,510 467,837 1,728,528 1,803,363 1,866,384

GROSS NATIONAL INCOME 2,447,629 2,641,369 2,522,695 2,782,653 2,600,715 2,797,254 2,671,129 2,941,154 2,734,900 2,936,990 2,822,811 3,122,281 10,394,346 11,010,252 11,616,982

===============================================================================================================================================================================Source: Philippine Statistics Authority

Page 50: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 10Unit: In Percent As of January 2020

TABLE 6A. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESPercent Distribution--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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

1. AGRI., HUNTING, FORESTRY AND FISHING 8.4 7.4 7.5 8.8 8.3 7.1 7.2 8.3 7.5 6.4 6.5 7.4 8.0 7.7 7.0 a. Agriculture and forestry 7.3 6.4 6.3 7.8 7.3 6.2 6.0 7.3 6.5 5.5 5.4 6.4 7.0 6.7 5.9 b. Fishing 1.1 0.9 1.2 1.0 1.0 0.9 1.2 1.0 1.0 1.0 1.1 1.0 1.0 1.0 1.0

2. INDUSTRY SECTOR 25.3 24.8 23.6 27.3 25.7 25.2 23.8 27.5 25.6 24.6 23.4 27.2 25.3 25.6 25.3 a. Mining & Quarrying 0.7 0.7 0.8 0.6 0.8 0.7 0.7 0.6 0.7 0.7 0.6 0.5 0.7 0.7 0.6 b. Manufacturing 16.5 14.2 14.6 19.0 16.5 14.1 14.2 18.4 16.2 13.7 13.2 17.7 16.2 15.9 15.3 c. Construction 5.4 6.7 5.8 5.5 5.7 7.2 6.5 6.3 5.9 7.0 7.3 6.8 5.9 6.4 6.7 d. Electricity, Gas and Water Supply 2.7 3.1 2.3 2.2 2.8 3.1 2.4 2.2 2.8 3.3 2.3 2.2 2.6 2.6 2.6

3. SERVICE SECTOR 48.2 51.0 51.5 48.6 48.1 51.1 51.6 49.0 49.1 52.6 52.7 50.3 49.8 50.0 51.2 a. Transport, Storage & Communication 5.3 5.5 4.8 4.7 5.2 5.4 4.7 4.6 5.2 5.4 4.7 4.5 5.1 4.9 4.9

b. Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods 13.8 15.0 16.8 15.7 13.8 15.1 16.8 15.9 14.1 15.6 17.2 16.1 15.4 15.4 15.8 c. Financial Intermediation 7.1 7.3 6.8 6.2 7.3 7.5 7.0 6.3 7.8 7.9 7.4 6.7 6.8 7.0 7.4 d. R. Estate, Renting & Business Activities 10.9 10.9 11.8 10.3 10.6 10.6 11.5 10.0 10.5 10.6 11.5 9.9 11.0 10.7 10.6 e. Public Administration & Defense; Compulsory Social Security 2.8 3.7 3.3 3.9 3.0 4.0 3.7 4.3 3.2 4.2 3.8 4.9 3.4 3.8 4.1 f. Other Services 8.3 8.7 8.0 7.8 8.2 8.6 8.0 8.0 8.4 8.9 8.1 8.2 8.2 8.2 8.4

GROSS DOMESTIC PRODUCT 81.9 83.2 82.6 84.7 82.1 83.5 82.6 84.9 82.2 83.6 82.6 84.9 83.2 83.3 83.4

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

===============================================================================================================================================================================Source: Philippine Statistics Authority

Page 51: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 11Unit: In Percent As of January 2020

TABLE 6B. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESPercent Distribution--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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

1. AGRI., HUNTING, FORESTRY AND FISHING 7.4 6.6 6.5 7.9 7.1 6.2 6.2 7.6 6.8 6.0 6.0 7.2 7.1 6.8 6.5 a. Agriculture and forestry 6.3 5.6 5.3 6.5 6.1 5.3 5.1 6.2 5.8 5.1 5.0 5.9 5.9 5.7 5.4 b. Fishing 1.1 1.0 1.2 1.4 1.0 1.0 1.1 1.3 1.0 0.9 1.0 1.3 1.2 1.1 1.1

2. INDUSTRY SECTOR 28.0 28.4 27.7 29.2 28.4 28.6 27.7 29.5 28.3 28.2 27.7 29.3 28.3 28.5 28.4 a. Mining & Quarrying 0.8 1.1 0.7 0.6 0.8 1.0 0.6 0.7 0.8 1.1 0.6 0.6 0.8 0.8 0.8 b. Manufacturing 20.2 18.8 18.7 20.9 20.4 18.8 18.3 20.4 20.3 18.6 17.8 19.9 19.7 19.5 19.2 c. Construction 4.5 5.7 5.2 5.3 4.6 6.1 5.7 6.0 4.6 5.8 6.2 6.3 5.2 5.6 5.7 d. Electricity, Gas and Water Supply 2.5 2.7 3.1 2.4 2.5 2.7 3.1 2.4 2.5 2.7 3.1 2.4 2.7 2.7 2.7

3. SERVICE SECTOR 46.6 49.0 48.8 47.3 46.8 49.4 49.3 47.8 47.5 50.4 49.7 48.5 47.9 48.3 49.0 a. Transport, Storage & Communication 6.3 6.4 5.5 6.2 6.3 6.4 5.5 6.1 6.5 6.5 5.6 6.1 6.1 6.1 6.2 b. Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods 12.7 13.4 15.3 14.9 12.7 13.4 15.2 15.0 13.0 13.9 15.5 15.4 14.1 14.1 14.5 c. Financial Intermediation 6.3 6.4 6.1 5.7 6.4 6.5 6.2 5.7 6.7 6.8 6.5 6.0 6.1 6.2 6.5 d. R. Estate, Renting & Business Activities 9.2 9.9 10.3 9.2 9.0 9.8 10.2 9.0 8.9 9.7 10.1 8.8 9.6 9.5 9.3 e. Public Administration & Defense; Compulsory Social Security 3.0 3.6 3.3 3.4 3.2 4.0 3.6 3.6 3.4 4.1 3.6 4.0 3.3 3.6 3.8 f. Other Services 9.0 9.2 8.3 8.0 9.1 9.3 8.5 8.2 9.1 9.5 8.4 8.3 8.6 8.8 8.8

GROSS DOMESTIC PRODUCT 82.0 84.0 83.0 84.3 82.2 84.2 83.1 84.8 82.5 84.6 83.4 85.0 83.4 83.6 83.9

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

===============================================================================================================================================================================Source: Philippine Statistics Authority

Page 52: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 12Unit: In Percent As of January 2020

TABLE 7A. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESGrowth Rates---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUAL

INDUSTRY Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. AGRI., HUNTING, FORESTRY AND FISHING 8.9 5.7 5.5 4.1 -3.3 -3.9 -3.6 -4.7 5.9 -3.9 a. Agriculture and forestry 9.6 5.5 4.2 3.2 -4.9 -6.0 -4.3 -6.4 5.5 -5.5 b. Fishing 4.8 6.8 12.8 10.7 7.7 10.2 -0.3 8.0 9.0 6.1

2. INDUSTRY SECTOR 11.2 11.5 11.6 11.2 6.8 3.9 4.6 5.6 11.4 5.2 a. Mining & Quarrying 17.6 11.6 0.3 8.1 3.4 3.9 -8.2 -5.1 9.1 -1.3 b. Manufacturing 9.2 8.8 7.7 6.7 5.4 2.8 -1.4 3.0 8.0 2.5 c. Construction 15.4 18.6 23.0 26.2 10.5 2.6 19.1 14.4 21.0 11.5 d. Electricity, Gas and Water Supply 12.9 8.9 11.5 13.5 8.1 12.0 5.2 5.5 11.5 8.0

3. SERVICE SECTOR 9.2 9.9 10.8 11.3 9.6 9.4 8.7 9.5 10.4 9.3 a. Transport, Storage & Communication 7.4 7.0 7.5 6.5 8.2 6.4 7.5 5.2 7.1 6.8 b. Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods 9.5 11.0 10.4 11.5 9.4 10.0 8.8 8.5 10.7 9.1 c. Financial Intermediation 11.9 12.7 13.1 12.6 14.4 12.5 13.1 12.6 12.6 13.1 d. R. Estate, Renting & Business Activities 6.7 6.1 7.4 7.2 6.3 6.4 6.8 5.6 6.9 6.2 e. Public Administration & Defense; Compulsory Social Security 15.5 18.7 24.8 21.5 15.0 12.8 9.6 22.0 20.4 15.3 f. Other Services 8.7 8.7 11.1 13.0 9.0 9.6 7.6 9.8 10.4 9.0

GROSS DOMESTIC PRODUCT 9.8 10.0 10.6 10.5 7.4 6.6 6.4 6.8 10.2 6.8

GROSS NATIONAL INCOME 9.6 9.7 10.6 10.2 7.3 6.4 6.4 6.8 10.0 6.7

=====================================================================================================================================================================Source: Philippine Statistics Authority

Page 53: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 13Unit: In Percent As of January 2020

TABLE 7B. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESGrowth Rates---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUAL

INDUSTRY Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. AGRI., HUNTING, FORESTRY AND FISHING 1.1 0.3 0.0 1.8 0.7 0.8 3.1 1.5 0.9 1.5 a. Agriculture and forestry 2.0 0.3 0.2 1.7 0.6 0.4 3.5 1.0 1.1 1.3 b. Fishing -3.6 0.4 -0.9 2.5 1.4 3.4 1.0 3.9 -0.2 2.5

2. INDUSTRY SECTOR 7.7 6.5 6.0 6.6 4.8 3.7 5.6 5.4 6.7 4.9 a. Mining & Quarrying 7.4 -5.4 -1.3 8.1 4.7 14.6 -3.2 2.1 1.3 5.9 b. Manufacturing 7.3 5.7 3.8 3.2 4.9 3.9 2.6 3.7 4.9 3.8 c. Construction 10.2 13.0 15.2 20.0 5.4 -0.5 15.4 10.7 14.9 7.7 d. Electricity, Gas and Water Supply 6.4 4.1 5.0 6.7 3.1 7.8 7.2 7.3 5.5 6.5

3. SERVICE SECTOR 6.7 6.7 6.9 6.8 6.8 7.1 6.7 7.9 6.8 7.1 a. Transport, Storage & Communication 6.6 6.0 5.4 3.7 7.6 5.9 8.2 5.6 5.4 6.7 b. Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods 6.1 6.0 5.1 6.7 7.3 8.4 7.8 8.6 6.0 8.0 c. Financial Intermediation 7.8 7.6 7.2 6.3 10.2 9.2 11.2 10.9 7.2 10.4 d. R. Estate, Renting & Business Activities 4.6 4.5 5.7 4.1 3.7 3.8 4.1 3.3 4.7 3.7 e. Public Administration & Defense; Compulsory Social Security 13.2 15.0 17.8 14.7 9.7 8.6 5.3 17.1 15.2 10.3 f. Other Services 7.0 6.8 7.9 9.4 5.3 7.7 4.2 7.0 7.7 6.1

GROSS DOMESTIC PRODUCT 6.5 6.2 6.0 6.3 5.6 5.5 6.0 6.4 6.2 5.9

GROSS NATIONAL INCOME 6.3 5.9 5.9 5.7 5.2 5.0 5.7 6.2 5.9 5.5

=====================================================================================================================================================================Source: Philippine Statistics Authority

Page 54: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 14Base Year: 2000 As of January 2020

TABLE 8. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN1ST QUARTER 2017 TO 4TH QUARTER 2019Implicit Price Index

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

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

1. AGRI., HUNTING, FORESTRY AND FISHING 199.9 201.0 211.1 213.5 215.4 211.6 222.7 218.2 206.6 201.8 208.3 204.8 206.7 216.9 205.3 a. Agriculture and forestry 205.4 206.8 217.7 230.1 220.7 217.4 226.4 233.6 208.6 203.6 209.4 216.4 215.6 224.9 209.9 b. Fishing 169.0 168.9 180.7 135.7 183.7 179.7 205.6 146.6 195.2 191.6 203.1 152.4 161.3 176.1 182.3

2. INDUSTRY SECTOR 161.1 156.7 156.3 177.3 166.3 164.1 164.6 184.9 169.4 164.5 163.1 185.4 163.3 170.5 171.1 a. Mining & Quarrying 156.9 115.4 213.9 178.9 171.8 136.1 217.3 178.9 169.7 123.4 206.0 166.2 158.0 170.3 158.6 b. Manufacturing 145.4 135.7 143.8 172.7 148.1 139.7 149.2 178.6 148.8 138.3 143.3 177.3 150.4 154.8 152.9 c. Construction 215.2 211.0 205.4 198.1 225.3 221.5 219.3 208.3 236.1 228.4 226.3 215.3 206.9 217.9 225.5 d. Electricity, Gas and Water Supply 191.9 206.8 137.0 171.2 203.6 216.4 145.4 182.1 213.5 224.9 142.7 179.1 175.2 185.2 187.9

3. SERVICE SECTOR 184.2 187.0 193.5 195.1 188.5 192.6 200.7 203.3 193.4 196.6 204.5 206.4 190.1 196.5 200.4 a. Transport, Storage & Communication 148.9 153.8 159.0 144.4 150.1 155.2 162.2 148.3 151.0 156.0 161.1 147.6 151.2 153.6 153.7 b. Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods 192.8 200.2 201.7 199.8 199.0 209.6 211.8 208.8 203.0 212.6 213.8 208.6 198.9 207.7 209.7 c. Financial Intermediation 202.1 203.7 204.6 206.8 209.8 213.4 215.9 219.1 217.8 219.8 219.5 222.5 204.3 214.5 219.9 d. R. Estate, Renting & Business Activities 211.7 198.4 211.0 213.7 215.9 201.3 214.5 220.1 221.2 206.3 220.0 225.0 208.6 212.8 218.0 e. Public Administration & Defense; Compulsory Social Security 164.8 181.7 185.5 218.4 168.2 187.7 196.4 231.3 176.2 195.0 204.4 241.0 188.9 197.4 206.4 f. Other Services 163.0 169.2 174.9 186.1 165.6 172.3 180.1 192.3 171.5 175.3 186.1 197.3 173.2 177.5 182.4

GROSS DOMESTIC PRODUCT 177.7 177.9 182.5 190.6 183.1 184.3 190.3 198.3 186.3 186.3 191.0 199.0 182.4 189.3 190.9

GROSS NATIONAL INCOME 177.8 179.5 183.4 189.9 183.3 185.9 191.6 198.0 187.1 188.5 192.9 199.2 182.9 189.9 192.1

===============================================================================================================================================================================Source: Philippine Statistics Authority

Page 55: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 15Unit: In Pesos As of January 2020

TABLE 9A. PER CAPITA: GROSS DOMESTIC PRODUCT, GROSS NATIONAL INCOME, AND HOUSEHOLD FINAL CONSUMPTION EXPENDITURE1ST QUARTER 2017 TO 4TH QUARTER 2019

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

TYPE OF EXPENDITURE Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

A. Estimates in current pesos

1. GROSS DOMESTIC PRODUCT 34,260 37,753 36,424 42,475 37,019 40,881 39,639 46,202 39,141 42,900 41,540 48,602 150,661 163,475 171,9062. GROSS NATIONAL INCOME 41,813 45,373 44,106 50,168 45,079 48,983 48,008 54,413 47,618 51,317 50,292 57,217 181,149 196,155 206,1043. HOUSEHOLD FINAL CONSUMPTION EXPENDITURE 25,821 27,351 26,603 31,107 27,810 29,829 29,205 34,041 30,035 31,815 30,873 35,796 110,694 120,686 128,304

B. Estimates in constant (2000) pesos

1. GROSS DOMESTIC PRODUCT 19,278 21,225 19,958 22,280 20,214 22,177 20,827 23,304 21,012 23,033 21,744 24,421 82,593 86,370 90,0552. GROSS NATIONAL INCOME 23,515 25,276 24,044 26,415 24,589 26,344 25,058 27,482 25,454 27,231 26,071 28,725 99,068 103,287 107,2923. HOUSEHOLD FINAL CONSUMPTION EXPENDITURE 13,425 14,075 13,410 16,130 13,958 14,685 13,903 16,717 14,583 15,248 14,502 17,376 56,941 59,162 61,606

C. Population* 104.1 104.5 104.9 105.3 105.8 106.2 106.6 107.0 107.4 107.9 108.3 108.7 104.9 106.6 108.3 (million persons)

===============================================================================================================================================================================

Source: Philippine Statistics Authority* The quarterly projected population were computed using the official national 2010 Census-based population projections, applying the Waring-Lagrange linear interpolation.

Page 56: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 16Unit: In Percent As of January 2020

TABLE 9B. PER CAPITA: GROSS DOMESTIC PRODUCT, GROSS NATIONAL INCOME, AND HOUSEHOLD FINAL CONSUMPTION EXPENDITURE1ST QUARTER 2017 TO 4TH QUARTER 2019Growth Rates---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUAL

TYPE OF EXPENDITURE Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

A. Estimates in current pesos

1. GROSS DOMESTIC PRODUCT 8.1 8.3 8.8 8.8 5.7 4.9 4.8 5.2 8.5 5.22. GROSS NATIONAL INCOME 7.8 8.0 8.8 8.5 5.6 4.8 4.8 5.2 8.3 5.13. HOUSEHOLD FINAL CONSUMPTION EXPENDITURE 7.7 9.1 9.8 9.4 8.0 6.7 5.7 5.2 9.0 6.3

B. Estimates in constant (2000) pesos

1. GROSS DOMESTIC PRODUCT 4.9 4.5 4.4 4.6 3.9 3.9 4.4 4.8 4.6 4.32. GROSS NATIONAL INCOME 4.6 4.2 4.2 4.0 3.5 3.4 4.0 4.5 4.3 3.93. HOUSEHOLD FINAL CONSUMPTION EXPENDITURE 4.0 4.3 3.7 3.6 4.5 3.8 4.3 3.9 3.9 4.1

=====================================================================================================================================================================Source: Philippine Statistics Authority

Page 57: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 17Unit: In million pesos As of January 2020

TABLE 9C. NET PRIMARY INCOME FROM THE REST OF THE WORLD1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICES

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Net Primary Income from the rest of the world 786,116 796,333 805,978 810,366 852,541 860,268 892,154 878,726 910,822 907,840 947,681 936,419 3,198,792 3,483,689 3,702,761

INFLOWCompensation 844,264 845,701 869,025 868,770 909,006 929,202 947,308 935,749 950,172 957,961 1,001,828 977,830 3,427,760 3,721,266 3,887,791Property Income 29,094 34,771 32,642 37,480 37,236 43,673 59,479 59,284 56,100 56,486 53,464 45,080 133,987 199,672 211,130TOTAL 873,358 880,472 901,667 906,250 946,242 972,875 1,006,788 995,033 1,006,272 1,014,446 1,055,292 1,022,910 3,561,747 3,920,937 4,098,920

OUTFLOWCompensation 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Property Expense 87,242 84,139 95,689 95,884 93,701 112,607 114,634 116,307 95,451 106,606 107,611 86,491 362,955 437,248 396,159TOTAL 87,242 84,139 95,689 95,884 93,701 112,607 114,634 116,307 95,451 106,606 107,611 86,491 362,955 437,248 396,159

===============================================================================================================================================================================Source: Philippine Statistics Authority

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In million pesos

TABLE 9D. NET PRIMARY INCOME FROM THE REST OF THE WORLD1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICES--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2017 2018 2019 ANNUALQ1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Net Primary Income from the rest of the world 440,999 423,300 428,683 435,545 462,705 442,495 451,044 447,121 477,352 452,685 468,510 467,837 1,728,528 1,803,363 1,866,384

INFLOWCompensation 473,619 449,542 462,217 466,936 493,350 477,952 478,928 476,136 497,975 477,677 495,279 488,526 1,852,314 1,926,366 1,959,457Property Income 16,321 18,483 17,362 20,144 20,209 22,464 30,071 30,165 29,402 28,166 26,431 22,522 72,310 102,909 106,521TOTAL 489,940 468,025 479,578 487,080 513,559 500,416 508,999 506,301 527,376 505,843 521,710 511,048 1,924,624 2,029,275 2,065,978

OUTFLOWCompensation 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Property Expense 48,941 44,725 50,895 51,535 50,855 57,921 57,955 59,180 50,025 53,158 53,200 43,211 196,097 225,911 199,594TOTAL 48,941 44,725 50,895 51,535 50,855 57,921 57,955 59,180 50,025 53,158 53,200 43,211 196,097 225,911 199,594

===============================================================================================================================================================================Source: Philippine Statistics Authority

Page 58: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 18Unit: In Percent As of January 2020

TABLE 9E. NET PRIMARY INCOME FROM THE REST OF THE WORLD1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESGrowth Rates ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUAL

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Net Primary Income from the rest of the world 8.4 8.0 10.7 8.4 6.8 5.5 6.2 6.6 8.9 6.3

INFLOWCompensation 7.7 9.9 9.0 7.7 4.5 3.1 5.8 4.5 8.6 4.5Property Income 28.0 25.6 82.2 58.2 50.7 29.3 -10.1 -24.0 49.0 5.7TOTAL 8.3 10.5 11.7 9.8 6.3 4.3 4.8 2.8 10.1 4.5

OUTFLOWCompensation - - - - - - - - - -Property Expense 7.4 33.8 19.8 21.3 1.9 -5.3 -6.1 -25.6 20.5 -9.4TOTAL 7.4 33.8 19.8 21.3 1.9 -5.3 -6.1 -25.6 20.5 -9.4=====================================================================================================================================================================Source: Philippine Statistics Authority

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In Percent

TABLE 9F. NET PRIMARY INCOME FROM THE REST OF THE WORLD1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESGrowth Rates

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------17-18 18-19 ANNUAL

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Net Primary Income from the rest of the world 4.9 4.5 5.2 2.7 3.2 2.3 3.9 4.6 4.3 3.5

INFLOWCompensation 4.2 6.3 3.6 2.0 0.9 -0.1 3.4 2.6 4.0 1.7Property Income 23.8 21.5 73.2 49.7 45.5 25.4 -12.1 -25.3 42.3 3.5TOTAL 4.8 6.9 6.1 3.9 2.7 1.1 2.5 0.9 5.4 1.8

OUTFLOWCompensation - - - - - - - - - -Property Expense 3.9 29.5 13.9 14.8 -1.6 -8.2 -8.2 -27.0 15.2 -11.6TOTAL 3.9 29.5 13.9 14.8 -1.6 -8.2 -8.2 -27.0 15.2 -11.6

=====================================================================================================================================================================Source: Philippine Statistics Authority

Page 59: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 19Unit: In million pesos As of January 2020

TABLE 10A. HOUSEHOLD FINAL CONSUMPTION EXPENDITURE BY PURPOSE1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICES

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ANNUAL

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

HOUSEHOLD FINAL CONSUMPTION EXPENDITURE 2,687,723 2,858,272 2,791,186 3,276,961 2,941,384 3,167,260 3,113,206 3,643,079 3,227,062 3,431,434 3,342,716 3,890,832 11,614,142 12,864,928 13,892,043

1. Food and Non-alcoholic beverages 1,067,188 1,198,756 1,159,310 1,461,035 1,176,155 1,350,364 1,296,163 1,649,527 1,299,927 1,465,506 1,358,000 1,732,157 4,886,289 5,472,209 5,855,5902. Alcoholic beverages, Tobacco 31,735 40,008 38,019 48,050 34,599 46,380 43,858 55,003 37,595 49,913 48,088 62,033 157,812 179,840 197,6293. Clothing and Footwear 29,672 33,023 30,686 38,629 29,571 32,929 31,186 39,746 31,494 35,499 32,870 42,222 132,011 133,432 142,0854. Housing, water, electricity, gas and other fuels 312,870 358,670 338,238 364,289 350,311 402,773 387,171 401,114 386,455 437,264 423,794 427,469 1,374,067 1,541,369 1,674,982

5. Furnishings, household equipment and routine household maintenance 103,902 100,315 100,960 111,840 111,592 109,233 111,633 121,962 120,090 117,074 121,377 131,507 417,017 454,420 490,0486. Health 76,821 80,592 99,767 87,817 82,988 83,703 108,111 95,807 90,637 90,991 118,645 105,287 344,997 370,609 405,5617. Transport 348,786 342,968 333,322 300,460 375,238 367,359 364,319 323,818 404,910 390,005 387,430 337,465 1,325,536 1,430,734 1,519,8108. Communication 82,966 79,608 68,494 91,101 88,984 85,020 70,416 95,602 96,812 90,116 75,678 101,562 322,168 340,022 364,1689. Recreation and culture 49,736 50,737 40,690 64,983 52,449 53,950 43,413 69,748 58,076 59,573 47,415 75,281 206,146 219,559 240,34510. Education 112,874 112,764 130,059 127,582 122,604 124,183 150,068 146,561 131,849 136,358 162,426 159,630 483,278 543,416 590,26311. Restaurants and hotels 119,111 107,126 121,141 131,208 133,240 117,337 133,886 147,045 146,965 127,196 147,681 163,186 478,585 531,509 585,02812. Miscellaneous goods and services 352,062 353,705 330,500 449,969 383,654 394,028 372,982 497,145 422,252 431,939 419,311 553,032 1,486,236 1,647,809 1,826,533

===================================================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In million pesos

TABLE 10B. HOUSEHOLD FINAL CONSUMPTION EXPENDITURE BY PURPOSE1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICES

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ANNUAL

EXPENDITURE GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------HOUSEHOLD FINAL CONSUMPTION EXPENDITURE 1,397,345 1,470,848 1,406,989 1,699,169 1,476,278 1,559,277 1,481,996 1,789,083 1,566,834 1,644,576 1,570,167 1,888,718 5,974,351 6,306,635 6,670,295

1. Food and Non-alcoholic beverages 545,912 605,765 576,423 726,503 573,256 644,260 594,409 761,383 605,904 678,570 619,705 797,218 2,454,603 2,573,307 2,701,3962. Alcoholic beverages, Tobacco 16,411 19,035 16,997 22,933 15,440 18,323 16,121 21,569 14,850 17,999 15,915 20,704 75,376 71,453 69,4683. Clothing and Footwear 17,390 18,234 18,451 23,105 17,478 17,793 18,305 23,156 18,171 18,733 18,788 23,957 77,179 76,732 79,6484. Housing, water, electricity, gas and other fuels 157,515 172,483 155,470 168,603 171,602 187,126 169,131 177,920 182,639 196,951 182,135 187,327 654,071 705,780 749,0525. Furnishings, household equipment and routine household maintenance 73,706 71,376 70,614 80,812 77,296 75,527 75,475 84,884 80,219 78,462 79,766 88,985 296,509 313,182 327,4316. Health 35,635 37,101 44,028 38,967 37,664 37,508 45,904 40,663 39,500 39,329 48,860 43,411 155,731 161,739 171,1007. Transport 144,345 147,611 128,365 126,481 148,001 149,097 130,048 127,156 156,091 153,711 138,515 133,344 546,802 554,302 581,6608. Communication 75,159 73,969 64,659 88,118 80,398 78,737 66,167 92,076 87,154 83,155 70,925 97,559 301,905 317,378 338,7939. Recreation and culture 32,864 33,897 27,018 42,066 34,179 35,536 28,233 43,783 36,691 38,047 30,187 46,604 135,845 141,731 151,52910. Education 43,676 42,399 48,472 50,881 46,611 45,540 58,175 60,745 52,124 52,121 60,266 63,258 185,428 211,071 227,77011. Restaurants and hotels 67,984 63,635 67,316 74,805 74,136 67,311 71,186 80,333 78,643 70,608 76,115 86,760 273,740 292,967 312,12612. Miscellaneous goods and services 186,748 185,342 189,176 255,895 200,216 202,518 208,843 275,416 214,850 216,892 228,991 299,589 817,160 886,993 960,322

===================================================================================================================================================================================Source: Philippine Statistics Authority

2018

2018

2017

2017

2019

2019

Page 60: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 20Unit: In percent As of January 2020

TABLE 11A. HOUSEHOLD FINAL CONSUMPTION EXPENDITURE BY PURPOSE1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESPercent Distribution-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

ANNUAL EXPENDITURE GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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

1. Food and Non-alcoholic beverages 39.7 41.9 41.5 44.6 40.0 42.6 41.6 45.3 40.3 42.7 40.6 44.5 42.1 42.5 42.22. Alcoholic beverages, Tobacco 1.2 1.4 1.4 1.5 1.2 1.5 1.4 1.5 1.2 1.5 1.4 1.6 1.4 1.4 1.43. Clothing and Footwear 1.1 1.2 1.1 1.2 1.0 1.0 1.0 1.1 1.0 1.0 1.0 1.1 1.1 1.0 1.04. Housing, water, electricity, gas and other fuels 11.6 12.5 12.1 11.1 11.9 12.7 12.4 11.0 12.0 12.7 12.7 11.0 11.8 12.0 12.15. Furnishings, household equipment and routine household maintenance 3.9 3.5 3.6 3.4 3.8 3.4 3.6 3.3 3.7 3.4 3.6 3.4 3.6 3.5 3.56. Health 2.9 2.8 3.6 2.7 2.8 2.6 3.5 2.6 2.8 2.7 3.5 2.7 3.0 2.9 2.97. Transport 13.0 12.0 11.9 9.2 12.8 11.6 11.7 8.9 12.5 11.4 11.6 8.7 11.4 11.1 10.98. Communication 3.1 2.8 2.5 2.8 3.0 2.7 2.3 2.6 3.0 2.6 2.3 2.6 2.8 2.6 2.69. Recreation and culture 1.9 1.8 1.5 2.0 1.8 1.7 1.4 1.9 1.8 1.7 1.4 1.9 1.8 1.7 1.710. Education 4.2 3.9 4.7 3.9 4.2 3.9 4.8 4.0 4.1 4.0 4.9 4.1 4.2 4.2 4.211. Restaurants and hotels 4.4 3.7 4.3 4.0 4.5 3.7 4.3 4.0 4.6 3.7 4.4 4.2 4.1 4.1 4.212. Miscellaneous goods and services 13.1 12.4 11.8 13.7 13.0 12.4 12.0 13.6 13.1 12.6 12.5 14.2 12.8 12.8 13.1

===================================================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In percent

TABLE 11B. HOUSEHOLD FINAL CONSUMPTION EXPENDITURE BY PURPOSE1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESPercent Distribution-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

ANNUAL EXPENDITURE GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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

1. Food and Non-alcoholic beverages 39.1 41.2 41.0 42.8 38.8 41.3 40.1 42.6 38.7 41.3 39.5 42.2 41.1 40.8 40.52. Alcoholic beverages, Tobacco 1.2 1.3 1.2 1.3 1.0 1.2 1.1 1.2 0.9 1.1 1.0 1.1 1.3 1.1 1.03. Clothing and Footwear 1.2 1.2 1.3 1.4 1.2 1.1 1.2 1.3 1.2 1.1 1.2 1.3 1.3 1.2 1.24. Housing, water, electricity, gas and other fuels 11.3 11.7 11.0 9.9 11.6 12.0 11.4 9.9 11.7 12.0 11.6 9.9 10.9 11.2 11.25. Furnishings, household equipment and routine household maintenance 5.3 4.9 5.0 4.8 5.2 4.8 5.1 4.7 5.1 4.8 5.1 4.7 5.0 5.0 4.96. Health 2.6 2.5 3.1 2.3 2.6 2.4 3.1 2.3 2.5 2.4 3.1 2.3 2.6 2.6 2.67. Transport 10.3 10.0 9.1 7.4 10.0 9.6 8.8 7.1 10.0 9.3 8.8 7.1 9.2 8.8 8.78. Communication 5.4 5.0 4.6 5.2 5.4 5.0 4.5 5.1 5.6 5.1 4.5 5.2 5.1 5.0 5.19. Recreation and culture 2.4 2.3 1.9 2.5 2.3 2.3 1.9 2.4 2.3 2.3 1.9 2.5 2.3 2.2 2.310. Education 3.1 2.9 3.4 3.0 3.2 2.9 3.9 3.4 3.3 3.2 3.8 3.3 3.1 3.3 3.411. Restaurants and hotels 4.9 4.3 4.8 4.4 5.0 4.3 4.8 4.5 5.0 4.3 4.8 4.6 4.6 4.6 4.712. Miscellaneous goods and services 13.4 12.6 13.4 15.1 13.6 13.0 14.1 15.4 13.7 13.2 14.6 15.9 13.7 14.1 14.4===================================================================================================================================================================================Source: Philippine Statistics Authority

2018

2018

2017

2017

2019

2019

Page 61: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 21Unit: In Percent As of January 2020

TABLE 12A. HOUSEHOLD FINAL CONSUMPTION EXPENDITURE BY PURPOSE1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESGrowth Rates------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUAL EXPENDITURE GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

HOUSEHOLD FINAL CONSUMPTION EXPENDITURE 9.4 10.8 11.5 11.2 9.7 8.3 7.4 6.8 10.8 8.0

1. Food and Non-alcoholic beverages 10.2 12.6 11.8 12.9 10.5 8.5 4.8 5.0 12.0 7.02. Alcoholic beverages, Tobacco 9.0 15.9 15.4 14.5 8.7 7.6 9.6 12.8 14.0 9.93. Clothing and Footwear -0.3 -0.3 1.6 2.9 6.5 7.8 5.4 6.2 1.1 6.54. Housing, water, electricity, gas and other fuels 12.0 12.3 14.5 10.1 10.3 8.6 9.5 6.6 12.2 8.75. Furnishings, household equipment and routine household maintenance 7.4 8.9 10.6 9.1 7.6 7.2 8.7 7.8 9.0 7.86. Health 8.0 3.9 8.4 9.1 9.2 8.7 9.7 9.9 7.4 9.47. Transport 7.6 7.1 9.3 7.8 7.9 6.2 6.3 4.2 7.9 6.28. Communication 7.3 6.8 2.8 4.9 8.8 6.0 7.5 6.2 5.5 7.19. Recreation and culture 5.5 6.3 6.7 7.3 10.7 10.4 9.2 7.9 6.5 9.510. Education 8.6 10.1 15.4 14.9 7.5 9.8 8.2 8.9 12.4 8.611. Restaurants and hotels 11.9 9.5 10.5 12.1 10.3 8.4 10.3 11.0 11.1 10.112. Miscellaneous goods and services 9.0 11.4 12.9 10.5 10.1 9.6 12.4 11.2 10.9 10.8=========================================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In Percent

TABLE 12B. HOUSEHOLD FINAL CONSUMPTION EXPENDITURE BY PURPOSE1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESGrowth Rates------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUAL EXPENDITURE GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

HOUSEHOLD FINAL CONSUMPTION EXPENDITURE 5.6 6.0 5.3 5.3 6.1 5.5 5.9 5.6 5.6 5.8

1. Food and Non-alcoholic beverages 5.0 6.4 3.1 4.8 5.7 5.3 4.3 4.7 4.8 5.02. Alcoholic beverages, Tobacco -5.9 -3.7 -5.2 -5.9 -3.8 -1.8 -1.3 -4.0 -5.2 -2.83. Clothing and Footwear 0.5 -2.4 -0.8 0.2 4.0 5.3 2.6 3.5 -0.6 3.84. Housing, water, electricity, gas and other fuels 8.9 8.5 8.8 5.5 6.4 5.3 7.7 5.3 7.9 6.15. Furnishings, household equipment and routine household maintenance 4.9 5.8 6.9 5.0 3.8 3.9 5.7 4.8 5.6 4.56. Health 5.7 1.1 4.3 4.4 4.9 4.9 6.4 6.8 3.9 5.87. Transport 2.5 1.0 1.3 0.5 5.5 3.1 6.5 4.9 1.4 4.98. Communication 7.0 6.4 2.3 4.5 8.4 5.6 7.2 6.0 5.1 6.79. Recreation and culture 4.0 4.8 4.5 4.1 7.3 7.1 6.9 6.4 4.3 6.910. Education 6.7 7.4 20.0 19.4 11.8 14.5 3.6 4.1 13.8 7.911. Restaurants and hotels 9.0 5.8 5.7 7.4 6.1 4.9 6.9 8.0 7.0 6.512. Miscellaneous goods and services 7.2 9.3 10.4 7.6 7.3 7.1 9.6 8.8 8.5 8.3=========================================================================================================================================================================Source: Philippine Statistics Authority

Page 62: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 22Base Year: 2000 As of January 2020

TABLE 13. HOUSEHOLD FINAL CONSUMPTION EXPENDITURE BY PURPOSE1ST QUARTER 2017 TO 4TH QUARTER 2019Implicit Price Index

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ANNUAL

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

HOUSEHOLD FINAL CONSUMPTION EXPENDITURE 192.3 194.3 198.4 192.9 199.2 203.1 210.1 203.6 206.0 208.7 212.9 206.0 194.4 204.0 208.3

1. Food and Non-alcoholic beverages 195.5 197.9 201.1 201.1 205.2 209.6 218.1 216.6 214.5 216.0 219.1 217.3 199.1 212.7 216.82. Alcoholic beverages, Tobacco 193.4 210.2 223.7 209.5 224.1 253.1 272.1 255.0 253.2 277.3 302.2 299.6 209.4 251.7 284.53. Clothing and Footwear 170.6 181.1 166.3 167.2 169.2 185.1 170.4 171.6 173.3 189.5 175.0 176.2 171.0 173.9 178.44. Housing, water, electricity, gas and other fuels 198.6 207.9 217.6 216.1 204.1 215.2 228.9 225.4 211.6 222.0 232.7 228.2 210.1 218.4 223.65. Furnishings, household equipment and routine household maintenance 141.0 140.5 143.0 138.4 144.4 144.6 147.9 143.7 149.7 149.2 152.2 147.8 140.6 145.1 149.76. Health 215.6 217.2 226.6 225.4 220.3 223.2 235.5 235.6 229.5 231.4 242.8 242.5 221.5 229.1 237.07. Transport 241.6 232.3 259.7 237.6 253.5 246.4 280.1 254.7 259.4 253.7 279.7 253.1 242.4 258.1 261.38. Communication 110.4 107.6 105.9 103.4 110.7 108.0 106.4 103.8 111.1 108.4 106.7 104.1 106.7 107.1 107.59. Recreation and culture 151.3 149.7 150.6 154.5 153.5 151.8 153.8 159.3 158.3 156.6 157.1 161.5 151.8 154.9 158.610. Education 258.4 266.0 268.3 250.7 263.0 272.7 258.0 241.3 253.0 261.6 269.5 252.3 260.6 257.5 259.111. Restaurants and hotels 175.2 168.3 180.0 175.4 179.7 174.3 188.1 183.0 186.9 180.1 194.0 188.1 174.8 181.4 187.412. Miscellaneous goods and services 188.5 190.8 174.7 175.8 191.6 194.6 178.6 180.5 196.5 199.1 183.1 184.6 181.9 185.8 190.2

===================================================================================================================================================================================Source: Philippine Statistics Authority

2017 20192018

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NATIONAL ACCOUNTS OF THE PHILIPPINES Page 23Base Year: 2000 As of January 2020

TABLE 14. INDICATORS DERIVED FROM THE NATIONAL ACCOUNTS-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2017 2018 2019 ANNUALQ1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------1. Labor Productivity (in pesos, constant) Total 50,998 55,078 52,127 56,494 51,204 57,580 54,615 60,346 54,572 58,811 54,811 61,522 214,851 223,700 229,818 Growth Rate 10.0 7.6 9.3 7.0 0.4 4.5 4.8 6.8 6.6 2.1 0.4 1.9 8.4 4.1 2.7 Agriculture, Hunting, Forestry and Fishing 18,162 16,543 16,240 21,079 16,946 17,825 17,534 22,365 20,263 18,689 16,787 22,331 72,040 74,591 78,063 Industry 100,177 100,916 90,463 108,411 97,650 99,433 93,717 109,671 94,734 102,187 97,084 112,204 399,664 400,582 406,245 Services 50,691 57,966 55,163 55,567 52,130 59,870 56,295 59,843 54,013 59,863 56,579 60,878 219,401 228,120 231,452 Labor Productivity Total (GVA/total number of hours worked, in pesos, constant)* 95.4 105.6 95.2 104.3 100.0 105.3 100.9 108.0 98.3 108.1 94.8 112.8 100.1 103.6 103.52. Terms of Trade (in percent) 88.3 81.1 86.1 93.7 87.5 77.8 81.6 89.1 85.3 78.5 80.0 88.2 87.0 83.7 82.73. Trading Gains/Losses (in million pesos, constant) -161,571 -271,781 -215,758 -80,785 -192,783 -385,041 -341,920 -162,847 -244,623 -378,534 -376,509 -178,112 -729,895 -1,082,591 -1,177,7794. Trade Balance (in million pesos, current) Total -436,125 -373,873 -334,137 -412,809 -516,331 -605,531 -563,580 -526,073 -639,854 -517,588 -573,563 -513,325 -1,556,944 -2,211,515 -2,244,330 Goods/Merchandise -657,628 -667,414 -530,667 -494,352 -817,130 -953,868 -771,818 -610,352 -962,931 -907,640 -824,538 -615,417 -2,350,061 -3,153,169 -3,310,5265. Sectoral Contribution to GNI (constant) Growth by Industrial Origin (in percentage points) Agriculture, Hunting, Forestry and Fishing 0.4 0.4 0.2 0.2 0.1 0.0 0.0 0.1 0.1 0.1 0.2 0.1 0.3 0.1 0.1 Industry 1.7 1.9 2.2 2.1 2.2 1.9 1.6 1.9 1.4 1.1 1.5 1.6 2.0 1.9 1.4 Services 3.1 3.2 3.6 3.2 3.1 3.3 3.3 3.2 3.2 3.5 3.3 3.8 3.3 3.2 3.4 NPI 1.0 1.1 1.4 0.5 0.9 0.7 0.9 0.4 0.6 0.4 0.7 0.7 1.0 0.7 0.6 Total GNI 6.2 6.6 7.4 6.1 6.3 5.9 5.9 5.7 5.2 5.0 5.7 6.2 6.5 5.9 5.56. Share of Top Five Exports to Total Merchandise Exports (in percent, current) 46.3 56.1 55.5 61.1 47.0 60.1 58.4 60.4 47.1 58.9 53.1 60.3 54.8 56.5 54.87. Share of Top Five Imports to Total Merchandise Imports (in percent, current) 47.4 46.1 40.9 47.3 47.5 48.0 44.1 46.2 46.2 46.5 39.5 43.8 45.4 46.4 44.08. Total Exports (in million, current) Pesos 1,217,654 1,163,957 1,311,255 1,211,171 1,345,420 1,332,880 1,479,908 1,363,111 1,397,558 1,386,029 1,448,217 1,363,028 4,904,037 5,521,318 5,594,831 US $ (FOB) 24,360 23,347 25,794 23,784 26,144 25,415 27,637 25,633 26,697 26,634 27,983 26,730 97,285 104,829 108,043 Share to GDP (in percent) 34.1 29.5 34.3 27.1 34.4 30.7 35.0 27.6 33.2 30.0 32.2 25.8 31.0 31.7 30.19. Total Imports (in million, current) Pesos 1,653,779 1,537,830 1,645,392 1,623,981 1,861,751 1,938,410 2,043,488 1,889,184 2,037,412 1,903,618 2,021,780 1,876,353 6,460,981 7,732,833 7,839,162 US $ (FOB) 33,085 30,846 32,367 31,890 36,178 36,961 38,161 35,526 38,920 36,580 39,065 36,797 128,189 146,825 151,361 Share to GDP (in percent) 46.4 39.0 43.1 36.3 47.6 44.7 48.4 38.2 48.4 41.1 45.0 35.5 40.9 44.4 42.110. Fixed Capital Formation/GNI (in percent, current) 21.0 20.9 21.0 20.4 21.5 23.0 23.4 21.4 22.2 21.4 23.2 20.9 20.8 22.3 21.911. GNI IPIN (in percent) 177.8 179.5 183.4 189.9 183.3 185.9 191.6 198.0 187.1 188.5 192.9 199.2 182.9 189.9 192.112. Ratio of NPI to GNI (in percent, current) 18.1 16.8 17.4 15.3 17.9 16.5 17.4 15.1 17.8 16.4 17.4 15.1 16.8 16.7 16.613. Inflow of Compensation (in million, current) Pesos 844,264 845,701 869,025 868,770 909,006 929,202 947,308 935,749 950,172 957,961 1,001,828 977,830 3,427,760 3,721,266 3,887,791 US $ 16,890 16,963 17,095 17,060 17,664 17,718 17,691 17,597 18,151 18,408 19,357 19,176 68,008 70,669 75,092 Growth Rate (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 8.0 8.6 4.5 Growth Rate (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 1.8 3.9 6.3 Share to GNI (in percent) 19.4 17.8 18.8 16.4 19.1 17.9 18.5 16.1 18.6 17.3 18.4 15.7 18.0 17.8 17.4 Share to GDP (in percent) 23.7 21.4 22.7 19.4 23.2 21.4 22.4 18.9 22.6 20.7 22.3 18.5 21.7 21.4 20.914. (Exports-Imports)/GDP (in percent, current) -12.2 -9.5 -8.7 -9.2 -13.2 -13.9 -13.3 -10.6 -15.2 -11.2 -12.8 -9.7 -9.8 -12.7 -12.115. (Exports+Imports)/GDP (in percent, current) 80.5 68.5 77.4 63.4 81.9 75.4 83.4 65.8 81.7 71.1 77.2 61.3 71.9 76.1 72.216. Fixed Capital Formation/GDP (in percent, current) 25.6 25.1 25.5 24.1 26.2 27.6 28.3 25.2 27.1 25.6 28.1 24.6 25.0 26.8 26.317. HFCE/GDP (in percent, current) 75.4 72.4 73.0 73.2 75.1 73.0 73.7 73.7 76.7 74.2 74.3 73.7 73.5 73.8 74.618. National Government Debt Service** (in million pesos 248,650 129,719 204,535 97,563 198,200 217,698 204,640 155,051 220,196 165,058 172,964 .. 680,466 775,589 ..19. Debt Service/GDP 7.0 3.3 5.4 2.2 5.1 5.0 4.8 3.1 5.2 3.6 3.8 .. 4.3 4.5 ..=================================================================================================================================================================================* This is another way of computing labor productivity, that is, GVA divided by total number of hours worked.** Full quarter data for Q4 2019 is not yet available as of January 2020 estimation.Source: Philippine Statistics Authority

Page 64: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 24Unit: In million pesos As of January 2020

TABLE 15A. GROSS DOMESTIC CAPITAL FORMATION IN DURABLE EQUIPMENT BY MAJOR TYPE1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICES

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

TYPE OF EQUIPMENT Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

DURABLE EQUIPMENT 427,966 376,987 424,459 476,982 467,328 474,972 533,676 508,260 519,569 418,279 477,210 458,027 1,706,394 1,984,236 1,873,085

A.MACHINERY SPECIALIZED FOR PARTICULAR INDUSTRIES 89,709 92,652 68,925 98,467 112,606 130,441 79,703 114,359 116,649 119,229 72,308 94,257 349,753 437,109 402,444

1. Agricultural machineries 1,819 1,572 2,924 2,168 1,942 1,515 3,152 2,440 1,583 1,876 2,684 2,045 8,483 9,049 8,187 2. Tractor other than steam 678 427 1,121 1,076 680 976 686 1,463 1,042 763 997 716 3,301 3,805 3,519 3. Mining,construction mach. 9,335 10,817 13,889 13,349 12,552 16,391 17,757 17,324 14,417 12,495 10,048 9,199 47,390 64,024 46,160 4. Textile machineries 1,539 1,495 1,696 1,590 1,353 2,123 1,837 2,129 1,685 1,643 1,957 2,013 6,321 7,443 7,299 5. Sawmill & logging machineries 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6. Sugarmill machineries 10 11 73 0 86 31 23 0 7 12 132 0 94 139 151 7. Pulp and paper machineries 503 408 419 829 642 495 464 526 536 755 614 1,057 2,159 2,127 2,963 8. Metal working machineries 6,903 6,260 6,253 6,141 8,567 8,896 7,586 7,276 8,519 7,801 6,981 6,331 25,557 32,325 29,632 9. Telecommunications & sound recording/reproducing equip. 48,697 49,419 22,364 48,683 64,988 74,270 26,127 56,082 67,671 72,623 27,278 47,830 169,163 221,466 215,402 10. Other special industrial mach. 20,226 22,243 20,186 24,632 21,798 25,743 22,071 27,119 21,190 21,260 21,616 25,065 87,287 96,731 89,131

B.GENERAL INDUSTRIAL MACHINERY AND EQUIPMENT 65,112 62,913 70,927 64,632 77,882 72,308 76,835 72,035 86,506 73,978 84,648 71,080 263,583 299,059 316,213

1. Aircon & refrigeration equip. 7,052 6,342 10,436 12,809 8,025 7,466 12,931 14,816 8,954 8,099 14,467 15,216 36,639 43,237 46,736 2. Pumps and compressor 5,182 4,349 5,708 6,078 6,280 5,562 5,584 5,669 8,417 5,001 6,139 6,378 21,317 23,094 25,936 3. Other electrical machinery and apparatus 10,767 14,140 21,473 13,624 12,591 17,984 24,612 15,143 14,358 17,360 23,390 14,853 60,004 70,331 69,961 4. Other general industrial mach. 42,110 38,082 33,311 32,121 50,986 41,295 33,709 36,407 54,776 43,518 40,652 34,633 145,624 162,397 173,580

C.TRANSPORT EQUIPMENT 196,984 167,567 220,157 242,182 194,366 209,556 311,448 246,658 222,308 160,575 240,224 197,933 826,889 962,027 821,041

1. Road vehicles 170,685 123,478 197,322 200,838 174,837 151,084 230,249 188,716 188,334 132,412 202,311 159,068 692,323 744,887 682,126 2. Railway transport 346 31 42 151 95 18 21 1,146 143 46 66 4,944 570 1,280 5,200 3. Air transport 20,821 41,811 19,413 40,168 15,249 51,582 77,122 55,293 30,384 26,695 35,136 30,838 122,212 199,246 123,054 4. Water transport 5,132 2,247 3,381 1,024 4,184 6,872 4,056 1,503 3,447 1,422 2,710 3,082 11,784 16,615 10,661

D.MISCELLANEOUS EQUIPMENT 76,161 53,856 64,450 71,701 82,475 62,667 65,691 75,208 94,106 64,496 80,029 94,756 266,168 286,040 333,387

1. Office mach. & data processing 21,087 17,008 31,022 29,218 23,106 18,893 25,948 30,264 26,018 21,305 33,041 37,964 98,334 98,211 118,328 2. Other misc. durable equipment 55,073 36,848 33,429 42,483 59,368 43,774 39,743 44,944 68,087 43,192 46,988 56,792 167,833 187,829 215,059

==================================================================================================================================================================Source: Philippine Statistics Authority

Page 65: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 25Unit: In million pesos As of January 2020

TABLE 15B. GROSS DOMESTIC CAPITAL FORMATION IN DURABLE EQUIPMENT BY MAJOR TYPE1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICES

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

TYPE OF EQUIPMENT Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

DURABLE EQUIPMENT 391,917 295,920 350,285 392,957 420,152 372,041 414,948 401,939 445,744 324,236 376,813 378,064 1,431,079 1,609,080 1,524,857

A.MACHINERY SPECIALIZED FOR PARTICULAR INDUSTRIES 90,853 89,507 47,833 64,263 106,553 116,988 54,933 73,678 106,972 101,776 47,972 58,973 292,455 352,152 315,693

1. Agricultural machineries 3,163 2,218 1,996 2,530 3,335 2,103 2,127 2,790 2,643 2,558 1,788 2,311 9,907 10,355 9,299 2. Tractor other than steam 193 58 119 155 191 130 72 206 286 100 103 100 524 600 589 3. Mining,construction mach. 12,578 19,245 13,341 13,787 16,714 28,705 16,856 17,551 18,729 21,498 9,347 9,187 58,951 79,826 58,761 4. Textile machineries 1,992 632 698 1,216 1,735 827 759 1,528 2,095 661 830 1,452 4,539 4,849 5,037 5. Sawmill & logging machineries 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6. Sugarmill machineries 31 25 113 0 267 67 35 0 22 26 200 0 169 369 248 7. Pulp and paper machineries 548 947 1,183 741 692 1,138 1,296 417 554 1,761 1,696 931 3,419 3,542 4,943 8. Metal working machineries 6,250 5,610 1,013 5,887 7,640 7,840 1,213 6,830 7,423 6,757 1,117 5,884 18,760 23,523 21,181 9. Telecommunications & sound recording/reproducing equip. 32,298 31,282 13,486 32,082 40,065 42,808 15,398 35,936 41,195 41,211 16,201 31,333 109,147 134,207 129,941 10. Other special industrial mach. 33,801 29,490 15,884 7,864 35,913 33,370 17,177 8,421 34,026 27,203 16,690 7,775 87,039 94,882 85,694

B.GENERAL INDUSTRIAL MACHINERY AND EQUIPMENT 60,530 69,054 36,341 55,068 70,159 80,045 39,052 58,878 78,555 79,630 43,076 58,682 220,993 248,134 259,943

1. Aircon & refrigeration equip. 13,513 8,818 9,359 7,888 15,007 9,976 11,436 8,820 16,510 10,774 12,919 9,163 39,579 45,239 49,367 2. Pumps and compressor 10,234 4,594 4,207 6,014 12,143 5,700 4,027 5,446 16,183 5,120 4,446 6,165 25,048 27,317 31,914 3. Other electrical machinery and apparatus 4,645 27,773 9,762 14,109 5,266 34,989 10,603 15,109 5,952 33,107 10,277 15,054 56,290 65,968 64,391 4. Other general industrial mach. 32,138 27,868 13,012 27,057 37,743 29,379 12,985 29,503 39,910 30,629 15,434 28,299 100,076 109,610 114,272

C.TRANSPORT EQUIPMENT 172,483 102,558 211,286 193,783 173,434 135,061 266,425 185,907 179,765 102,244 218,470 153,895 680,111 760,827 654,372

1. Road vehicles 160,845 89,963 194,065 179,202 164,048 112,274 226,028 165,831 171,234 94,042 197,751 141,335 624,075 668,181 604,362 2. Railway transport 180 626 3 31 49 365 1 235 72 906 4 1,016 841 651 1,999 3. Air transport 1,369 7,712 6,641 14,319 998 9,344 25,709 19,533 1,913 4,714 11,682 10,933 30,041 55,584 29,241 4. Water transport 10,089 4,258 10,577 231 8,339 13,079 14,686 308 6,547 2,582 9,033 610 25,155 36,411 18,771

D.MISCELLANEOUS EQUIPMENT 68,050 34,802 54,825 79,843 70,006 39,947 54,538 83,476 80,452 40,586 67,296 106,514 237,519 247,967 294,848

1. Office mach. & data processing 6,443 5,911 30,007 14,517 7,109 6,784 26,110 15,083 7,999 7,713 34,516 19,699 56,879 55,087 69,926 2. Other misc. durable equipment 61,607 28,890 24,817 65,326 62,897 33,163 28,429 68,392 72,453 32,874 32,780 86,815 180,640 192,881 224,922

==================================================================================================================================================================Source: Philippine Statistics Authority

Page 66: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 26Unit: In Percent As of January 2020

TABLE 16A. GROSS DOMESTIC CAPITAL FORMATION IN DURABLE EQUIPMENT BY MAJOR TYPE1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESGrowth Rates---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUAL TYPE OF EQUIPMENT Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

DURABLE EQUIPMENT 9.2 26.0 25.7 6.6 11.2 -11.9 -10.6 -9.9 16.3 -5.6

A.MACHINERY SPECIALIZED FOR PARTICULAR INDUSTRIES 25.5 40.8 15.6 16.1 3.6 -8.6 -9.3 -17.6 25.0 -7.9

1. Agricultural machineries 6.7 -3.6 7.8 12.6 -18.5 23.8 -14.9 -16.2 6.7 -9.5 2. Tractor other than steam 0.3 128.9 -38.8 36.0 53.3 -21.8 45.3 -51.0 15.3 -7.5 3. Mining,construction mach. 34.5 51.5 27.8 29.8 14.9 -23.8 -43.4 -46.9 35.1 -27.9 4. Textile machineries -12.1 42.0 8.3 33.9 24.5 -22.6 6.5 -5.5 17.7 -1.9 5. Sawmill & logging machineries - - - - - - - - - - 6. Sugarmill machineries 769.9 173.8 -68.6 - -91.6 -61.3 479.2 - 48.8 8.5 7. Pulp and paper machineries 27.7 21.3 10.8 -36.6 -16.5 52.5 32.3 101.1 -1.5 39.3 8. Metal working machineries 24.1 42.1 21.3 18.5 -0.6 -12.3 -8.0 -13.0 26.5 -8.3 9. Telecommunications & sound recording/reproducing equip. 33.5 50.3 16.8 15.2 4.1 -2.2 4.4 -14.7 30.9 -2.7 10. Other special industrial mach. 7.8 15.7 9.3 10.1 -2.8 -17.4 -2.1 -7.6 10.8 -7.9

B.GENERAL INDUSTRIAL MACHINERY AND EQUIPMENT 19.6 14.9 8.3 11.5 11.1 2.3 10.2 -1.3 13.5 5.7

1. Aircon & refrigeration equip. 13.8 17.7 23.9 15.7 11.6 8.5 11.9 2.7 18.0 8.1 2. Pumps and compressor 21.2 27.9 -2.2 -6.7 34.0 -10.1 10.0 12.5 8.3 12.3 3. Other electrical machinery and apparatus 16.9 27.2 14.6 11.2 14.0 -3.5 -5.0 -1.9 17.2 -0.5 4. Other general industrial mach. 21.1 8.4 1.2 13.3 7.4 5.4 20.6 -4.9 11.5 6.9

C.TRANSPORT EQUIPMENT -1.3 25.1 41.5 1.8 14.4 -23.4 -22.9 -19.8 16.3 -14.7

1. Road vehicles 2.4 22.4 16.7 -6.0 7.7 -12.4 -12.1 -15.7 7.6 -8.4 2. Railway transport -72.6 -40.6 -48.7 657.4 50.5 154.9 208.1 331.6 124.6 306.2 3. Air transport -26.8 23.4 297.3 37.7 99.3 -48.2 -54.4 -44.2 63.0 -38.2 4. Water transport -18.5 205.8 20.0 46.7 -17.6 -79.3 -33.2 105.1 41.0 -35.8

D.MISCELLANEOUS EQUIPMENT 8.3 16.4 1.9 4.9 14.1 2.9 21.8 26.0 7.5 16.6

1. Office mach. & data processing 9.6 11.1 -16.4 3.6 12.6 12.8 27.3 25.4 -0.1 20.5 2. Other misc. durable equipment 7.8 18.8 18.9 5.8 14.7 -1.3 18.2 26.4 11.9 14.5

========================================================================================================================================================Note : - means zeroSource: Philippine Statistics Authority

Page 67: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 27Unit: In Percent As of January 2020

TABLE 16B. GROSS DOMESTIC CAPITAL FORMATION IN DURABLE EQUIPMENT BY MAJOR TYPE1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESGrowth Rates---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUAL TYPE OF EQUIPMENT Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

DURABLE EQUIPMENT 7.2 25.7 18.5 2.3 6.1 -12.8 -9.2 -5.9 12.4 -5.2

A.MACHINERY SPECIALIZED FOR PARTICULAR INDUSTRIES 17.3 30.7 14.8 14.7 0.4 -13.0 -12.7 -20.0 20.4 -10.4

1. Agricultural machineries 5.4 -5.2 6.6 10.3 -20.8 21.6 -15.9 -17.2 4.5 -10.2 2. Tractor other than steam -0.9 125.5 -39.5 33.4 49.6 -23.2 43.0 -51.6 14.4 -1.8 3. Mining,construction mach. 32.9 49.2 26.3 27.3 12.1 -25.1 -44.5 -47.7 35.4 -26.4 4. Textile machineries -12.9 30.8 8.7 25.7 20.8 -20.1 9.3 -5.0 6.8 3.9 5. Sawmill & logging machineries - - - - - - - - - - 6. Sugarmill machineries 759.6 169.7 -69.0 - -91.8 -62.0 469.8 - 118.3 -32.9 7. Pulp and paper machineries 26.4 20.1 9.5 -43.8 -19.9 54.8 30.9 123.6 3.6 39.6 8. Metal working machineries 22.3 39.7 19.7 16.0 -2.8 -13.8 -7.9 -13.8 25.4 -10.0 9. Telecommunications & sound recording/reproducing equip. 24.1 36.8 14.2 12.0 2.8 -3.7 5.2 -12.8 23.0 -3.2 10. Other special industrial mach. 6.2 13.2 8.1 7.1 -5.3 -18.5 -2.8 -7.7 9.0 -9.7

B.GENERAL INDUSTRIAL MACHINERY AND EQUIPMENT 15.9 15.9 7.5 6.9 12.0 -0.5 10.3 -0.3 12.3 4.8

1. Aircon & refrigeration equip. 11.1 13.1 22.2 11.8 10.0 8.0 13.0 3.9 14.3 9.1 2. Pumps and compressor 18.7 24.1 -4.3 -9.4 33.3 -10.2 10.4 13.2 9.1 16.8 3. Other electrical machinery and apparatus 13.4 26.0 8.6 7.1 13.0 -5.4 -3.1 -0.4 17.2 -2.4 4. Other general industrial mach. 17.4 5.4 -0.2 9.0 5.7 4.3 18.9 -4.1 9.5 4.3

C.TRANSPORT EQUIPMENT 0.6 31.7 26.1 -4.1 3.7 -24.3 -18.0 -17.2 11.9 -14.0

1. Road vehicles 2.0 24.8 16.5 -7.5 4.4 -16.2 -12.5 -14.8 7.1 -9.6 2. Railway transport -72.8 -41.7 -49.6 650.9 45.6 148.1 206.2 332.4 -22.6 207.0 3. Air transport -27.0 21.2 287.1 36.4 91.5 -49.6 -54.6 -44.0 85.0 -47.4 4. Water transport -17.4 207.2 38.9 33.4 -21.5 -80.3 -38.5 97.9 44.7 -48.4

D.MISCELLANEOUS EQUIPMENT 2.9 14.8 -0.5 4.5 14.9 1.6 23.4 27.6 4.4 18.9

1. Office mach. & data processing 10.3 14.8 -13.0 3.9 12.5 13.7 32.2 30.6 -3.2 26.9 2. Other misc. durable equipment 2.1 14.8 14.6 4.7 15.2 -0.9 15.3 26.9 6.8 16.6

========================================================================================================================================================Note : - means zeroSource: Philippine Statistics Authority

Page 68: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 28Base Year : 2000 As of January 2020

TABLE 17. GROSS DOMESTIC CAPITAL FORMATION IN DURABLE EQUIPMENT BY MAJOR TYPE1ST QUARTER 2017 TO 4TH QUARTER 2019Implicit Price Index

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

TYPE OF EQUIPMENT Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

DURABLE EQUIPMENT 109.2 127.4 121.2 121.4 111.2 127.7 128.6 126.5 116.6 129.0 126.6 121.2 119.2 123.3 122.8

A.MACHINERY SPECIALIZED FOR PARTICULAR INDUSTRIES 98.7 103.5 144.1 153.2 105.7 111.5 145.1 155.2 109.0 117.1 150.7 159.8 119.6 124.1 127.5

1. Agricultural machineries 57.5 70.9 146.5 85.7 58.2 72.0 148.2 87.5 59.9 73.3 150.1 88.5 85.6 87.4 88.0 2. Tractor other than steam 350.9 740.6 943.2 695.2 355.1 751.8 954.9 708.3 364.0 765.2 970.6 717.1 629.6 634.5 597.7 3. Mining,construction mach. 74.2 56.2 104.1 96.8 75.1 57.1 105.3 98.7 77.0 58.1 107.5 100.1 80.4 80.2 78.6 4. Textile machineries 77.3 236.3 242.9 130.8 78.0 256.7 242.2 139.3 80.4 248.6 235.9 138.7 139.3 153.5 144.9 5. Sawmill & logging machineries ** ** ** ** ** ** ** ** ** ** ** ** ** ** ** 6. Sugarmill machineries 31.8 44.9 64.2 ** 32.2 45.6 65.0 ** 33.0 46.4 66.0 ** 55.4 37.7 61.1 7. Pulp and paper machineries 91.9 43.1 35.4 111.8 92.8 43.6 35.8 126.2 96.8 42.9 36.2 113.5 63.1 60.1 59.9 8. Metal working machineries 110.5 111.6 617.2 104.3 112.1 113.5 625.3 106.5 114.8 115.4 625.0 107.6 136.2 137.4 139.9 9. Telecommunications & sound recording/reproducing equip. 150.8 158.0 165.8 151.7 162.2 173.5 169.7 156.1 164.3 176.2 168.4 152.6 155.0 165.0 165.8 10. Other special industrial mach. 59.8 75.4 127.1 313.2 60.7 77.1 128.5 322.0 62.3 78.2 129.5 322.4 100.3 101.9 104.0

B.GENERAL INDUSTRIAL MACHINERY AND EQUIPMENT 107.6 91.1 195.2 117.4 111.0 90.3 196.8 122.3 110.1 92.9 196.5 121.1 119.3 120.5 121.6

1. Aircon & refrigeration equip. 52.2 71.9 111.5 162.4 53.5 74.8 113.1 168.0 54.2 75.2 112.0 166.0 92.6 95.6 94.7 2. Pumps and compressor 50.6 94.7 135.7 101.1 51.7 97.6 138.6 104.1 52.0 97.7 138.1 103.5 85.1 84.5 81.3 3. Other electrical machinery and apparatus 231.8 50.9 220.0 96.6 239.1 51.4 232.1 100.2 241.2 52.4 227.6 98.7 106.6 106.6 108.7 4. Other general industrial mach. 131.0 136.7 256.0 118.7 135.1 140.6 259.6 123.4 137.2 142.1 263.4 122.4 145.5 148.2 151.9

C.TRANSPORT EQUIPMENT 114.2 163.4 104.2 125.0 112.1 155.2 116.9 132.7 123.7 157.1 110.0 128.6 121.6 126.4 125.5

1. Road vehicles 106.1 137.3 101.7 112.1 106.6 134.6 101.9 113.8 110.0 140.8 102.3 112.5 110.9 111.5 112.9 2. Railway transport 192.0 4.9 * 483.2 193.4 5.0 * 487.4 199.9 5.1 * 486.5 67.8 196.7 260.2 3. Air transport * 542.2 292.3 280.5 * 552.0 300.0 283.1 * 566.3 300.8 282.1 406.8 358.5 420.8 4. Water transport 50.9 52.8 32.0 443.2 50.2 52.5 27.6 487.6 52.6 55.1 30.0 505.2 46.8 45.6 56.8

D.MISCELLANEOUS EQUIPMENT 111.9 154.8 117.6 89.8 117.8 156.9 120.4 90.1 117.0 158.9 118.9 89.0 112.1 115.4 113.1

1. Office mach. & data processing 327.3 287.7 103.4 201.3 325.0 278.5 99.4 200.6 325.3 276.2 95.7 192.7 172.9 178.3 169.2 2. Other misc. durable equipment 89.4 127.5 134.7 65.0 94.4 132.0 139.8 65.7 94.0 131.4 143.3 65.4 92.9 97.4 95.6==================================================================================================================================================================Note : * more than 1000% growth; ** means zeroSource: Philippine Statistics Authority

Page 69: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 29Unit: FOB Value in million pesos As of January 2020

TABLE 18A. EXPORTS OF GOODS OF THE PHILIPPINES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICES-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2017 2018 2019 ANNUALI T E M S Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

TOTAL EXPORTS OF GOODS 687,992 584,973 806,539 756,284 706,735 666,398 935,357 860,777 710,918 670,866 850,249 830,477 2,835,789 3,169,266 3,062,511

Principal Exports of Goods 444,987 419,584 553,507 588,835 462,074 508,948 675,068 674,955 478,301 518,539 607,877 662,964 2,006,913 2,321,045 2,267,681

Electronic Components 312,078 316,998 428,186 455,906 331,070 398,881 523,660 523,374 340,639 406,380 466,713 518,720 1,513,168 1,776,984 1,732,452Components/Devices (Semiconductors) 191,875 225,179 323,132 330,402 200,654 276,218 403,362 380,263 209,907 270,901 341,631 380,790 1,070,588 1,260,497 1,203,229Electronic Data Processing 51,621 48,941 57,967 35,713 54,827 58,386 66,788 40,945 55,515 58,771 62,531 38,432 194,242 220,946 215,249Office Equipment 20,245 11,187 9,571 15,188 24,677 21,399 8,799 18,950 23,547 30,276 12,995 18,471 56,191 73,826 85,289Consumer Electronics 2,808 5,508 4,193 9,848 3,708 13,879 10,124 19,739 5,525 15,737 10,161 26,567 22,356 47,450 57,990Telecommunication 9,003 5,315 8,308 5,042 10,799 4,879 6,483 3,422 9,361 5,550 8,400 4,291 27,669 25,584 27,602Communication/Radar 5,294 4,944 10,959 15,596 4,642 6,547 12,176 13,614 6,587 9,100 15,275 14,085 36,793 36,979 45,047Control Instrumentation 28,490 14,543 12,345 42,374 28,487 16,064 12,888 44,299 27,446 14,253 12,949 33,115 97,752 101,737 87,763Medical/Industrial Instrumentation 940 303 787 947 839 457 891 720 822 263 700 1,131 2,976 2,907 2,915Automotive Electronics 1,801 1,078 925 796 2,437 1,051 2,148 1,422 1,929 1,530 2,070 1,838 4,600 7,059 7,367

Principal Agricultural Products 47,244 36,704 53,031 41,412 42,470 34,278 51,489 51,723 48,337 41,556 58,825 54,434 178,391 179,960 203,153

Bananas, including Plantains, Fresh or Dried 11,575 9,299 12,748 12,295 15,685 9,704 24,959 25,264 28,770 13,649 31,199 29,002 45,918 75,612 102,620Coconut Oil 21,850 13,062 19,905 14,683 13,379 13,157 11,144 12,891 9,587 13,593 10,218 9,461 69,500 50,570 42,859Copra Oil Cake or Meal 847 535 941 853 931 639 731 1,332 866 489 1,186 929 3,176 3,632 3,469Dessicated Coconut 3,740 2,541 5,072 4,462 4,449 2,633 5,440 4,255 3,217 1,892 3,488 3,579 15,815 16,778 12,176Mango, Fresh or Dried 1,075 1,135 904 2,030 1,237 1,263 1,543 3,079 1,063 1,150 1,587 2,322 5,144 7,122 6,121Pineapple and Pineapple Products 7,081 7,257 9,779 4,313 6,077 6,092 7,418 4,894 4,198 8,718 11,142 9,130 28,430 24,481 33,188Sugar 1,076 2,876 3,681 2,776 712 790 254 7 636 2,066 6 11 10,409 1,764 2,719

Principal Fishery Products 5,859 6,138 8,141 7,271 7,136 6,993 7,116 5,413 6,471 5,391 5,429 5,445 27,409 26,659 22,736Shrimps and Prawns 1,427 278 1,159 1,035 1,282 192 717 651 1,011 190 743 367 3,899 2,841 2,311Tuna 4,432 5,860 6,982 6,236 5,854 6,802 6,400 4,763 5,460 5,200 4,686 5,079 23,511 23,818 20,425

Articles of Apparel and Clothing Accessories 23,362 9,181 12,648 9,279 11,807 11,638 14,724 14,505 11,181 10,534 13,461 12,151 54,470 52,674 47,327Basketworks 1,366 236 540 618 1,164 236 437 570 919 201 483 452 2,761 2,407 2,056Cathodes & Sections of Cathodes, of Refined Copper 11,705 6,106 0 13,985 17,333 5,865 18,752 6,356 22,859 5,824 12,967 10,132 31,796 48,306 51,782Ignition Wiring Sets 23,254 23,274 25,488 24,811 23,783 22,018 26,212 31,905 26,473 26,934 26,252 27,974 96,827 103,917 107,632Metal Components 17,335 16,459 20,892 29,163 23,568 22,634 24,506 35,393 18,628 21,249 21,069 29,640 83,849 106,102 90,585Petroleum Products 2,783 4,486 4,581 6,390 3,744 6,404 8,171 5,715 2,793 469 2,680 4,015 18,240 24,034 9,957

Others 243,005 165,389 253,032 167,449 244,661 157,450 260,289 185,821 232,617 152,328 242,372 167,514 828,875 848,221 794,830==========================================================================================================================================================================================

Source: Philippine Statistics Authority

Notes: * Starting 2011, Manufactured Products on Consignment Basis are not treated as exports of goods following the recommendation of the 2008 System of National Accounts (SNA), rather it is treated as exports of processing services under the Exports of Services. The PSA will back track the series as soon as the revised Balance of Payments (BOP) data for the years prior to 2011 are released by the Bangko Sentral Ng Pilipinas, reflecting its adoption of the Balance of Payments Manual 6 (BPM6). Hence, at present there is a break in the National Accounts for this item from 2010 backwards. * Includes Merchanting following the recommendation of the 2008 SNA. This item used to be part of Exports of Services.

Page 70: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 30Unit: FOB Value in million pesos As of January 2020

TABLE 18B. EXPORTS OF GOODS OF THE PHILIPPINES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICES

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

I T E M S Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

TOTAL EXPORTS OF GOODS 921,367 976,582 1,144,136 886,350 1,002,138 1,134,120 1,336,773 1,029,176 1,064,933 1,190,134 1,327,314 1,043,394 3,928,434 4,502,207 4,625,775

Principal Exports of Goods 532,696 585,804 802,366 724,247 556,234 716,201 965,867 843,478 592,844 749,814 934,220 857,720 2,645,113 3,081,779 3,134,598

Electronic Components 448,760 517,633 716,338 599,703 476,051 642,724 870,570 688,601 506,996 671,991 841,636 715,584 2,282,434 2,677,946 2,736,206Components/Devices (Semiconductors) 356,127 397,027 544,323 446,215 373,692 481,465 671,288 513,272 401,607 493,659 628,615 542,859 1,743,691 2,039,717 2,066,741Electronic Data Processing 43,320 58,620 93,412 38,207 46,167 70,474 109,625 44,334 47,742 74,481 108,830 44,552 233,559 270,601 275,605Office Equipment 14,383 11,145 13,065 13,960 17,591 21,040 11,642 16,926 17,143 28,959 17,188 16,498 52,554 67,199 79,788Consumer Electronics 3,447 9,571 9,450 14,813 4,548 24,026 22,685 29,562 6,922 27,412 22,866 39,937 37,281 80,821 97,137Telecommunication 9,481 8,004 16,423 6,756 11,693 7,515 10,642 4,601 10,174 8,575 13,813 5,797 40,665 34,450 38,360Communication/Radar 5,124 6,883 20,345 19,419 4,619 9,321 23,024 17,010 6,579 12,997 28,939 17,685 51,770 53,974 66,200Control Instrumentation 15,127 24,835 17,078 58,528 15,552 27,112 17,727 61,071 14,994 24,011 17,795 45,717 115,567 121,462 102,516Medical/Industrial Instrumentation 525 540 1,075 1,120 482 789 1,234 603 481 457 967 947 3,261 3,108 2,851Automotive Electronics 1,225 1,008 1,166 686 1,705 984 2,703 1,223 1,354 1,440 2,622 1,591 4,085 6,614 7,008

Principal Agricultural Products 18,997 13,165 20,375 20,393 16,670 12,923 21,556 31,093 21,413 16,925 23,480 28,692 72,930 82,242 90,509Bananas, including Plantains, Fresh or Dried 5,475 3,787 5,372 9,060 7,269 3,791 10,057 17,641 12,311 4,532 10,517 16,939 23,694 38,758 44,300Coconut Oil 8,852 2,760 6,497 5,045 4,998 3,686 5,271 6,817 5,477 5,033 6,119 5,303 23,153 20,772 21,932Copra Oil Cake or Meal 160 278 325 328 162 440 366 787 231 445 753 582 1,091 1,756 2,011Dessicated Coconut 949 1,244 1,700 2,154 1,041 1,709 2,643 3,162 1,151 1,623 2,145 2,819 6,048 8,556 7,739Mango, Fresh or Dried 268 536 305 721 341 663 598 1,305 355 722 586 831 1,831 2,907 2,495Pineapple and Pineapple Products 2,577 2,275 3,453 1,230 2,186 1,875 2,393 1,375 1,303 2,638 3,355 2,207 9,535 7,829 9,503Sugar 715 2,286 2,723 1,854 673 758 226 6 584 1,931 5 10 7,578 1,663 2,530

Principal Fishery Products 2,352 4,935 5,809 6,468 4,899 5,402 4,828 5,059 4,790 3,524 3,475 4,504 19,564 20,187 16,293Shrimps and Prawns 965 211 1,070 902 880 143 704 617 694 124 616 291 3,148 2,345 1,725Tuna 1,387 4,724 4,739 5,565 4,019 5,259 4,123 4,441 4,096 3,400 2,860 4,212 16,416 17,843 14,568

Articles of Apparel and Clothing Accessories 20,542 8,750 12,151 8,909 10,791 11,392 14,297 13,751 10,401 10,703 14,416 13,255 50,353 50,231 48,774Basketworks 748 324 472 1,307 636 332 389 1,251 543 301 474 1,113 2,852 2,609 2,432Cathodes & Sections of Cathodes, of Refined Copper 6,660 1,790 0 1,466 8,043 1,355 5,445 864 11,640 1,526 4,107 1,501 9,916 15,706 18,775Ignition Wiring Sets 17,052 20,682 24,616 35,214 16,471 18,458 23,966 44,658 18,500 23,137 24,437 39,892 97,564 103,552 105,965Metal Components 15,837 16,280 21,070 48,335 20,530 21,271 23,000 55,837 16,926 21,521 21,446 51,293 101,523 120,637 111,186Petroleum Products 1,747 2,245 1,534 2,452 2,144 2,344 1,817 2,363 1,635 185 749 1,887 7,978 8,668 4,456

Others 388,671 390,777 341,770 162,102 445,904 417,919 370,906 185,698 472,089 440,320 393,094 185,674 1,283,321 1,420,427 1,491,178 ==========================================================================================================================================================================================

Source: Philippine Statistics Authority

Notes: * Starting 2011, Manufactured Products on Consignment Basis are not treated as exports of goods following the recommendation of the 2008 System of National Accounts (SNA), rather it is treated as exports of processing services under the Exports of Services. The PSA will back track the series as soon as the revised Balance of Payments (BOP) data for the years prior to 2011 are released by the Bangko Sentral Ng Pilipinas, reflecting its adoption of the Balance of Payments Manual 6 (BPM6). Hence, at present there is a break in the National Accounts for this item from 2010 backwards. * Includes Merchanting following the recommendation of the 2008 SNA. This item used to be part of Exports of Services.

Page 71: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 31Unit: In Percent As of January 2020

TABLE 19A. EXPORTS OF GOODS OF THE PHILIPPINES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESPercent Distribution-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2017 2018 2019 ANNUALI T E M S Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

TOTAL 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

Principal Exports of Goods 64.7 71.7 68.6 77.9 65.4 76.4 72.2 78.4 67.3 77.3 71.5 79.8 70.8 73.2 74.0

Electronic Components 45.4 54.2 53.1 60.3 46.8 59.9 56.0 60.8 47.9 60.6 54.9 62.5 53.4 56.1 56.6

Components/Devices (Semiconductors) 27.9 38.5 40.1 43.7 28.4 41.4 43.1 44.2 29.5 40.4 40.2 45.9 37.8 39.8 39.3Electronic Data Processing 7.5 8.4 7.2 4.7 7.8 8.8 7.1 4.8 7.8 8.8 7.4 4.6 6.8 7.0 7.0Office Equipment 2.9 1.9 1.2 2.0 3.5 3.2 0.9 2.2 3.3 4.5 1.5 2.2 2.0 2.3 2.8Consumer Electronics 0.4 0.9 0.5 1.3 0.5 2.1 1.1 2.3 0.8 2.3 1.2 3.2 0.8 1.5 1.9Telecommunication 1.3 0.9 1.0 0.7 1.5 0.7 0.7 0.4 1.3 0.8 1.0 0.5 1.0 0.8 0.9Communication/Radar 0.8 0.8 1.4 2.1 0.7 1.0 1.3 1.6 0.9 1.4 1.8 1.7 1.3 1.2 1.5Control Instrumentation 4.1 2.5 1.5 5.6 4.0 2.4 1.4 5.1 3.9 2.1 1.5 4.0 3.4 3.2 2.9Medical/Industrial Instrumentation 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.1Automotive Electronics 0.3 0.2 0.1 0.1 0.3 0.2 0.2 0.2 0.3 0.2 0.2 0.2 0.2 0.2 0.2

Principal Agricultural Products 6.9 6.3 6.6 5.5 6.0 5.1 5.5 6.0 6.8 6.2 6.9 6.6 6.3 5.7 6.6

Bananas, including Plantains, Fresh or Dried 1.7 1.6 1.6 1.6 2.2 1.5 2.7 2.9 4.0 2.0 3.7 3.5 1.6 2.4 3.4Coconut Oil 3.2 2.2 2.5 1.9 1.9 2.0 1.2 1.5 1.3 2.0 1.2 1.1 2.5 1.6 1.4Copra Oil Cake or Meal 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1Dessicated Coconut 0.5 0.4 0.6 0.6 0.6 0.4 0.6 0.5 0.5 0.3 0.4 0.4 0.6 0.5 0.4Mango, Fresh or Dried 0.2 0.2 0.1 0.3 0.2 0.2 0.2 0.4 0.1 0.2 0.2 0.3 0.2 0.2 0.2Pineapple and Pineapple Products 1.0 1.2 1.2 0.6 0.9 0.9 0.8 0.6 0.6 1.3 1.3 1.1 1.0 0.8 1.1Sugar 0.2 0.5 0.5 0.4 0.1 0.1 0.0 0.0 0.1 0.3 0.0 0.0 0.4 0.1 0.1

Principal Fishery Products 0.9 1.0 1.0 1.0 1.0 1.0 0.8 0.6 0.9 0.8 0.6 0.7 1.0 0.8 0.7Shrimps and Prawns 0.2 0.0 0.1 0.1 0.2 0.0 0.1 0.1 0.1 0.0 0.1 0.0 0.1 0.1 0.1Tuna 0.6 1.0 0.9 0.8 0.8 1.0 0.7 0.6 0.8 0.8 0.6 0.6 0.8 0.8 0.7

Articles of Apparel and Clothing Accessories 3.4 1.6 1.6 1.2 1.7 1.7 1.6 1.7 1.6 1.6 1.6 1.5 1.9 1.7 1.5Basketworks 0.2 0.0 0.1 0.1 0.2 0.0 0.0 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.1Cathodes & Sections of Cathodes, of Refined Copper 1.7 1.0 0.0 1.8 2.5 0.9 2.0 0.7 3.2 0.9 1.5 1.2 1.1 1.5 1.7Ignition Wiring Sets 3.4 4.0 3.2 3.3 3.4 3.3 2.8 3.7 3.7 4.0 3.1 3.4 3.4 3.3 3.5Metal Components 2.5 2.8 2.6 3.9 3.3 3.4 2.6 4.1 2.6 3.2 2.5 3.6 3.0 3.3 3.0Petroleum Products 0.4 0.8 0.6 0.8 0.5 1.0 0.9 0.7 0.4 0.1 0.3 0.5 0.6 0.8 0.3

Others 35.3 28.3 31.4 22.1 34.6 23.6 27.8 21.6 32.7 22.7 28.5 20.2 29.2 26.8 26.0

==========================================================================================================================================================================================Source: Philippine Statistics Authority

Page 72: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 32Unit: In Percent As of January 2020

TABLE 19B. EXPORTS OF GOODS OF THE PHILIPPINES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESPercent Distribution-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2017 2018 2019 ANNUALI T E M S Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

TOTAL 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

Principal Exports of Goods 57.8 60.0 70.1 81.7 55.5 63.2 72.3 82.0 55.7 63.0 70.4 82.2 67.3 68.5 67.8

Electronic Components 48.7 53.0 62.6 67.7 47.5 56.7 65.1 66.9 47.6 56.5 63.4 68.6 58.1 59.5 59.2Components/Devices (Semiconductors) 38.7 40.7 47.6 50.3 37.3 42.5 50.2 49.9 37.7 41.5 47.4 52.0 44.4 45.3 44.7Electronic Data Processing 4.7 6.0 8.2 4.3 4.6 6.2 8.2 4.3 4.5 6.3 8.2 4.3 5.9 6.0 6.0Office Equipment 1.6 1.1 1.1 1.6 1.8 1.9 0.9 1.6 1.6 2.4 1.3 1.6 1.3 1.5 1.7Consumer Electronics 0.4 1.0 0.8 1.7 0.5 2.1 1.7 2.9 0.6 2.3 1.7 3.8 0.9 1.8 2.1Telecommunication 1.0 0.8 1.4 0.8 1.2 0.7 0.8 0.4 1.0 0.7 1.0 0.6 1.0 0.8 0.8Communication/Radar 0.6 0.7 1.8 2.2 0.5 0.8 1.7 1.7 0.6 1.1 2.2 1.7 1.3 1.2 1.4Control Instrumentation 1.6 2.5 1.5 6.6 1.6 2.4 1.3 5.9 1.4 2.0 1.3 4.4 2.9 2.7 2.2Medical/Industrial Instrumentation 0.1 0.1 0.1 0.1 0.0 0.1 0.1 0.1 0.0 0.0 0.1 0.1 0.1 0.1 0.1Automotive Electronics 0.1 0.1 0.1 0.1 0.2 0.1 0.2 0.1 0.1 0.1 0.2 0.2 0.1 0.1 0.2

Principal Agricultural Products 2.1 1.3 1.8 2.3 1.7 1.1 1.6 3.0 2.0 1.4 1.8 2.7 1.9 1.8 2.0

Bananas, including Plantains, Fresh or Dried 0.6 0.4 0.5 1.0 0.7 0.3 0.8 1.7 1.2 0.4 0.8 1.6 0.6 0.9 1.0Coconut Oil 1.0 0.3 0.6 0.6 0.5 0.3 0.4 0.7 0.5 0.4 0.5 0.5 0.6 0.5 0.5Copra Oil Cake or Meal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.1 0.1 0.0 0.0 0.0Dessicated Coconut 0.1 0.1 0.1 0.2 0.1 0.2 0.2 0.3 0.1 0.1 0.2 0.3 0.2 0.2 0.2Mango, Fresh or Dried 0.0 0.1 0.0 0.1 0.0 0.1 0.0 0.1 0.0 0.1 0.0 0.1 0.0 0.1 0.1Pineapple and Pineapple Products 0.3 0.2 0.3 0.1 0.2 0.2 0.2 0.1 0.1 0.2 0.3 0.2 0.2 0.2 0.2Sugar 0.1 0.2 0.2 0.2 0.1 0.1 0.0 0.0 0.1 0.2 0.0 0.0 0.2 0.0 0.1

Principal Fishery Products 0.3 0.5 0.5 0.7 0.5 0.5 0.4 0.5 0.4 0.3 0.3 0.4 0.5 0.4 0.4Shrimps and Prawns 0.1 0.0 0.1 0.1 0.1 0.0 0.1 0.1 0.1 0.0 0.0 0.0 0.1 0.1 0.0Tuna 0.2 0.5 0.4 0.6 0.4 0.5 0.3 0.4 0.4 0.3 0.2 0.4 0.4 0.4 0.3

Articles of Apparel and Clothing Accessories 2.2 0.9 1.1 1.0 1.1 1.0 1.1 1.3 1.0 0.9 1.1 1.3 1.3 1.1 1.1Basketworks 0.1 0.0 0.0 0.1 0.1 0.0 0.0 0.1 0.1 0.0 0.0 0.1 0.1 0.1 0.1Cathodes & Sections of Cathodes, of Refined Copper 0.7 0.2 0.0 0.2 0.8 0.1 0.4 0.1 1.1 0.1 0.3 0.1 0.3 0.3 0.4Ignition Wiring Sets 1.9 2.1 2.2 4.0 1.6 1.6 1.8 4.3 1.7 1.9 1.8 3.8 2.5 2.3 2.3Metal Components 1.7 1.7 1.8 5.5 2.0 1.9 1.7 5.4 1.6 1.8 1.6 4.9 2.6 2.7 2.4Petroleum Products 0.2 0.2 0.1 0.3 0.2 0.2 0.1 0.2 0.2 0.0 0.1 0.2 0.2 0.2 0.1

Others 42.2 40.0 29.9 18.3 44.5 36.8 27.7 18.0 44.3 37.0 29.6 17.8 32.7 31.5 32.2

==========================================================================================================================================================================================

Source: Philippine Statistics Authority

Page 73: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 33Unit: In Percent As of January 2020

TABLE 20A. EXPORTS OF GOODS OF THE PHILIPPINES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESGrowth Rates-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALI T E M S Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------TOTAL EXPORTS OF GOODS 2.7 13.9 16.0 13.8 0.6 0.7 -9.1 -3.5 11.8 -3.4

Principal Exports of Goods 3.8 21.3 22.0 14.6 3.5 1.9 -10.0 -1.8 15.7 -2.3

Electronic Components 6.1 25.8 22.3 14.8 2.9 1.9 -10.9 -0.9 17.4 -2.5Components/Devices (Semiconductors) 4.6 22.7 24.8 15.1 4.6 -1.9 -15.3 0.1 17.7 -4.5Electronic Data Processing 6.2 19.3 15.2 14.7 1.3 0.7 -6.4 -6.1 13.7 -2.6Office Equipment 21.9 91.3 -8.1 24.8 -4.6 41.5 47.7 -2.5 31.4 15.5Consumer Electronics 32.1 152.0 141.5 100.4 49.0 13.4 0.4 34.6 112.2 22.2Telecommunication 19.9 -8.2 -22.0 -32.1 -13.3 13.7 29.6 25.4 -7.5 7.9Communication/Radar -12.3 32.4 11.1 -12.7 41.9 39.0 25.5 3.5 0.5 21.8Control Instrumentation 0.0 10.5 4.4 4.5 -3.7 -11.3 0.5 -25.2 4.1 -13.7Medical/Industrial Instrumentation -10.7 50.9 13.2 -24.0 -2.1 -42.5 -21.4 57.0 -2.3 0.3Automotive Electronics 35.3 -2.5 132.3 78.7 -20.9 45.5 -3.6 29.2 53.5 4.4

Principal Agricultural Products -10.1 -6.6 -2.9 24.9 13.8 21.2 14.2 5.2 0.9 12.9

Bananas, including Plantains, Fresh or Dried 35.5 4.4 95.8 105.5 83.4 40.6 25.0 14.8 64.7 35.7Coconut Oil -38.8 0.7 -44.0 -12.2 -28.3 3.3 -8.3 -26.6 -27.2 -15.2Copra Oil Cake or Meal 9.8 19.5 -22.3 56.2 -7.0 -23.4 62.3 -30.3 14.4 -4.5Dessicated Coconut 19.0 3.6 7.3 -4.6 -27.7 -28.1 -35.9 -15.9 6.1 -27.4Mango, Fresh or Dried 15.0 11.2 70.8 51.7 -14.1 -9.0 2.8 -24.6 38.4 -14.1Pineapple and Pineapple Products -14.2 -16.0 -24.1 13.5 -30.9 43.1 50.2 86.6 -13.9 35.6Sugar -33.8 -72.5 -93.1 -99.7 -10.7 161.4 -97.7 52.5 -83.1 54.1

Principal Fishery Products 21.8 13.9 -12.6 -25.5 -9.3 -22.9 -23.7 0.6 -2.7 -14.7Shrimps and Prawns -10.1 -31.1 -38.2 -37.1 -21.1 -0.8 3.7 -43.7 -27.1 -18.7Tuna 32.1 16.1 -8.3 -23.6 -6.7 -23.5 -26.8 6.6 1.3 -14.2

Articles of Apparel and Clothing Accessories -49.5 26.8 16.4 56.3 -5.3 -9.5 -8.6 -16.2 -3.3 -10.2Basketworks -14.8 -0.2 -19.1 -7.7 -21.0 -14.7 10.4 -20.6 -12.8 -14.6Cathodes & Sections of Cathodes, of Refined Copper 48.1 -4.0 - -54.5 31.9 -0.7 -30.9 59.4 51.9 7.2Ignition Wiring Sets 2.3 -5.4 2.8 28.6 11.3 22.3 0.2 -12.3 7.3 3.6Metal Components 36.0 37.5 17.3 21.4 -21.0 -6.1 -14.0 -16.3 26.5 -14.6Petroleum Products 34.5 42.7 78.4 -10.6 -25.4 -92.7 -67.2 -29.7 31.8 -58.6

Others 0.7 -4.8 2.9 11.0 -4.9 -3.3 -6.9 -9.9 2.3 -6.3================================================================================================================================================================================Note: - means zero

Source: Philippine Statistics Authority

Page 74: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 34Unit: In Percent As of January 2020

TABLE 20B. EXPORTS OF GOODS OF THE PHILIPPINES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESGrowth Rates-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALI T E M S Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

TOTAL EXPORTS OF GOODS 8.8 16.1 16.8 16.1 6.3 4.9 -0.7 1.4 14.6 2.7

Principal Exports of Goods 4.4 22.3 20.4 16.5 6.6 4.7 -3.3 1.7 16.5 1.7

Electronic Components 6.1 24.2 21.5 14.8 6.5 4.6 -3.3 3.9 17.3 2.2Components/Devices (Semiconductors) 4.9 21.3 23.3 15.0 7.5 2.5 -6.4 5.8 17.0 1.3Electronic Data Processing 6.6 20.2 17.4 16.0 3.4 5.7 -0.7 0.5 15.9 1.8Office Equipment 22.3 88.8 -10.9 21.2 -2.6 37.6 47.6 -2.5 27.9 18.7Consumer Electronics 31.9 151.0 140.0 99.6 52.2 14.1 0.8 35.1 116.8 20.2Telecommunication 23.3 -6.1 -35.2 -31.9 -13.0 14.1 29.8 26.0 -15.3 11.3Communication/Radar -9.8 35.4 13.2 -12.4 42.4 39.4 25.7 4.0 4.3 22.7Control Instrumentation 2.8 9.2 3.8 4.3 -3.6 -11.4 0.4 -25.1 5.1 -15.6Medical/Industrial Instrumentation -8.2 46.0 14.8 -46.2 -0.3 -42.1 -21.7 57.0 -4.7 -8.3Automotive Electronics 39.1 -2.4 131.8 78.2 -20.6 46.4 -3.0 30.2 61.9 6.0

Principal Agricultural Products -12.2 -1.8 5.8 52.5 28.5 31.0 8.9 -7.7 12.8 10.1

Bananas, including Plantains, Fresh or Dried 32.8 0.1 87.2 94.7 69.4 19.6 4.6 -4.0 63.6 14.3Coconut Oil -43.5 33.6 -18.9 35.1 9.6 36.5 16.1 -22.2 -10.3 5.6Copra Oil Cake or Meal 1.3 58.4 12.5 140.3 42.3 1.2 105.5 -26.1 60.9 14.5Dessicated Coconut 9.7 37.4 55.4 46.8 10.6 -5.0 -18.8 -10.8 41.5 -9.5Mango, Fresh or Dried 27.0 23.7 96.0 80.9 4.2 8.8 -2.0 -36.3 58.8 -14.2Pineapple and Pineapple Products -15.2 -17.5 -30.7 11.7 -40.4 40.7 40.2 60.5 -17.9 21.4Sugar -5.9 -66.8 -91.7 -99.7 -13.3 154.8 -97.8 59.3 -78.0 52.1

Principal Fishery Products 108.3 9.5 -16.9 -21.8 -2.2 -34.8 -28.0 -11.0 3.2 -19.3Shrimps and Prawns -8.8 -32.2 -34.2 -31.6 -21.2 -12.9 -12.6 -52.8 -25.5 -26.4Tuna 189.7 11.3 -13.0 -20.2 1.9 -35.4 -30.6 -5.2 8.7 -18.4

Articles of Apparel and Clothing Accessories -47.5 30.2 17.7 54.3 -3.6 -6.0 0.8 -3.6 -0.2 -2.9Basketworks -15.0 2.4 -17.5 -4.3 -14.6 -9.2 21.8 -11.0 -8.5 -6.8Cathodes & Sections of Cathodes, of Refined Copper 20.8 -24.3 ** -41.0 44.7 12.7 -24.6 73.7 58.4 19.5Ignition Wiring Sets -3.4 -10.8 -2.6 26.8 12.3 25.3 2.0 -10.7 6.1 2.3Metal Components 29.6 30.7 9.2 15.5 -17.6 1.2 -6.8 -8.1 18.8 -7.8Petroleum Products 22.7 4.4 18.5 -3.6 -23.7 -92.1 -58.8 -20.1 8.7 -48.6

Others 14.7 6.9 8.5 14.6 5.9 5.4 6.0 0.0 10.7 5.0================================================================================================================================================================================Note: * more than 1,000% growth; - means zero

Source: Philippine Statistics Authority

Page 75: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 35Base Year: 2000 As of January 2020

TABLE 21A. EXPORTS OF GOODS OF THE PHILIPPINES1ST QUARTER 2017 TO 4TH QUARTER 2019Implicit Price Index

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

I T E M S Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

TOTAL EXPORTS OF GOODS 74.7 59.9 70.5 85.3 70.5 58.8 70.0 83.6 66.8 56.4 64.1 79.6 72.2 70.4 66.2

Principal Exports of Goods 83.5 71.6 69.0 81.3 83.1 71.1 69.9 80.0 80.7 69.2 65.1 77.3 75.9 75.3 72.3

Electronic Components 69.5 61.2 59.8 76.0 69.5 62.1 60.2 76.0 67.2 60.5 55.5 72.5 66.3 66.4 63.3Components/Devices (Semiconductors) 53.9 56.7 59.4 74.0 53.7 57.4 60.1 74.1 52.3 54.9 54.3 70.1 61.4 61.8 58.2Electronic Data Processing 119.2 83.5 62.1 93.5 118.8 82.8 60.9 92.4 116.3 78.9 57.5 86.3 83.2 81.7 78.1Office Equipment 140.8 100.4 73.3 108.8 140.3 101.7 75.6 112.0 137.4 104.5 75.6 112.0 106.9 109.9 106.9Consumer Electronics 81.4 57.6 44.4 66.5 81.5 57.8 44.6 66.8 79.8 57.4 44.4 66.5 60.0 58.7 59.7Telecommunication 95.0 66.4 50.6 74.6 92.3 64.9 60.9 74.4 92.0 64.7 60.8 74.0 68.0 74.3 72.0Communication/Radar 103.3 71.8 53.9 80.3 100.5 70.2 52.9 80.0 100.1 70.0 52.8 79.6 71.1 68.5 68.0Control Instrumentation 188.3 58.6 72.3 72.4 183.2 59.2 72.7 72.5 183.1 59.4 72.8 72.4 84.6 83.8 85.6Medical/Industrial Instrumentation 179.0 56.0 73.2 84.6 174.1 57.9 72.2 119.4 171.0 57.5 72.4 119.5 91.3 93.5 102.3Automotive Electronics 147.0 106.9 79.3 116.0 143.0 106.9 79.5 116.3 142.4 106.2 79.0 115.5 112.6 106.7 105.1

Principal Agricultural Products 248.7 278.8 260.3 203.1 254.8 265.2 238.9 166.3 225.7 245.5 250.5 189.7 244.6 218.8 224.5

Bananas, including Plantains, Fresh or Dried 211.4 245.5 237.3 135.7 215.8 256.0 248.2 143.2 233.7 301.1 296.7 171.2 193.8 195.1 231.7Coconut Oil 246.8 473.3 306.4 291.0 267.7 356.9 211.4 189.1 175.0 270.1 167.0 178.4 300.2 243.5 195.4Copra Oil Cake or Meal 528.2 192.5 289.1 260.4 572.9 145.1 199.5 169.2 374.6 109.8 157.6 159.6 291.0 206.8 172.5Dessicated Coconut 394.1 204.3 298.3 207.1 427.4 154.0 205.8 134.6 279.5 116.6 162.6 127.0 261.5 196.1 157.3Mango, Fresh or Dried 400.5 211.7 296.2 281.4 362.9 190.3 258.1 236.0 299.4 159.2 270.6 279.4 280.9 245.0 245.4Pineapple and Pineapple Products 274.8 319.0 283.2 350.6 278.0 324.9 310.0 356.0 322.1 330.4 332.1 413.7 298.2 312.7 349.2Sugar 150.5 125.8 135.2 149.7 105.9 104.3 112.2 113.5 109.0 107.0 117.5 108.6 137.4 106.0 107.5

Principal Fishery Products 249.1 124.4 140.2 112.4 145.6 129.5 147.4 107.0 135.1 153.0 156.2 120.9 140.1 132.1 139.5Shrimps and Prawns 147.9 132.2 108.3 114.7 145.6 134.5 101.7 105.4 145.7 153.2 120.7 125.7 123.9 121.2 134.0Tuna 319.4 124.0 147.3 112.1 145.6 129.3 155.2 107.2 133.3 153.0 163.8 120.6 143.2 133.5 140.2

Articles of Apparel and Clothing Accessories 113.7 104.9 104.1 104.2 109.4 102.2 103.0 105.5 107.5 98.4 93.4 91.7 108.2 104.9 97.0Basketworks 182.6 72.9 114.5 47.3 182.9 71.0 112.3 45.6 169.2 66.8 101.7 40.7 96.8 92.3 84.5Cathodes & Sections of Cathodes, of Refined Copper 175.8 341.0 ** 954.3 215.5 432.9 344.4 735.7 196.4 381.6 315.7 674.9 320.7 307.6 275.8Ignition Wiring Sets 136.4 112.5 103.5 70.5 144.4 119.3 109.4 71.4 143.1 116.4 107.4 70.1 99.2 100.4 101.6Metal Components 109.5 101.1 99.2 60.3 114.8 106.4 106.6 63.4 110.1 98.7 98.2 57.8 82.6 88.0 81.5Petroleum Products 159.3 199.9 298.7 260.6 174.7 273.2 449.8 241.8 170.8 253.2 357.8 212.7 228.6 277.3 223.4

Others 62.5 42.3 74.0 103.3 54.9 37.7 70.2 100.1 49.3 34.6 61.7 90.2 64.6 59.7 53.3

==========================================================================================================================================================================================

Note: ** means zeroSource: Philippine Statistics Authority

Page 76: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 36Unit: In million pesos As of January 2020

TABLE 21B. EXPORTS OF SERVICES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICES

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

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

EXPORTS OF SERVICES 529,662 578,983 504,716 454,887 638,685 666,482 544,552 502,334 686,640 715,163 597,967 532,550 2,068,248 2,352,053 2,532,321

1. Transportation 27,482 29,908 33,911 33,992 33,578 34,975 35,293 36,997 35,099 35,215 35,717 39,587 125,292 140,843 145,618 2. Insurance 435 338 657 675 421 342 686 677 439 371 725 681 2,105 2,127 2,216 3. Travel 73,017 101,800 115,453 73,409 127,823 114,333 115,100 79,522 147,972 141,895 159,476 97,063 363,679 436,778 546,407 4. Government 3,824 4,064 4,384 4,351 7,045 7,496 8,080 8,012 7,221 7,427 8,196 8,098 16,623 30,632 30,942 5. Miscellaneous services* 424,904 442,873 350,312 342,460 469,818 509,336 385,392 377,126 495,909 530,254 393,853 387,120 1,560,549 1,741,672 1,807,137

==================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In million pesos

TABLE 21C. EXPORTS OF SERVICES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICES

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

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

EXPORTS OF SERVICES 260,465 283,745 244,958 218,099 301,721 311,355 249,685 234,181 312,663 324,588 270,054 244,712 1,007,266 1,096,942 1,152,017

1. Transportation 12,021 13,021 14,679 14,472 13,998 14,964 15,193 15,054 14,301 14,631 15,400 16,245 54,193 59,209 60,576 2. Insurance 215 166 321 327 200 161 316 319 201 169 328 315 1,029 996 1,014 3. Travel 36,514 50,797 56,447 35,501 60,747 53,632 52,964 37,440 67,727 64,653 72,185 44,978 179,258 204,782 249,543 4. Government 1,992 2,099 2,239 2,185 3,500 3,677 3,872 3,814 3,454 3,532 3,868 3,785 8,515 14,862 14,640 5. Miscellaneous services* 209,724 217,661 171,273 165,614 223,277 238,922 177,340 177,554 226,979 241,604 178,273 179,388 764,272 817,093 826,244

==================================================================================================================================================Source: Philippine Statistics AuthorityNote: * Starting 2011, Miscellaneous services now includes exports of processing services, FISIM, Maintenance and Repairs n.i.e, and excludes Merchanting, following the recommendations of the 2008 System of National Accounts (SNA). PSA will back track the series as soon as the revised Balance of Payments (BOP) data for the years prior to 2011 are released by the Bangko Sentral Ng Pilipinas, reflecting its adoption of the Balance of Payments Manual 6 (BPM6). Hence, at present there is a break in the National Accounts series for this item from 2010 backwards.

Page 77: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 37Unit: In Percent As of January 2020

TABLE 21D. EXPORTS OF SERVICES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESPercent Distribution--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2017 2018 2019 ANNUALQ1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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

1. Transportation 5.2 5.2 6.7 7.5 5.3 5.2 6.5 7.4 5.1 4.9 6.0 7.4 6.1 6.0 5.8 2. Insurance 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 3. Travel 13.8 17.6 22.9 16.1 20.0 17.2 21.1 15.8 21.6 19.8 26.7 18.2 17.6 18.6 21.6 4. Government 0.7 0.7 0.9 1.0 1.1 1.1 1.5 1.6 1.1 1.0 1.4 1.5 0.8 1.3 1.2

5. Miscellaneous services 80.2 76.5 69.4 75.3 73.6 76.4 70.8 75.1 72.2 74.1 65.9 72.7 75.5 74.0 71.4

==================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In Percent

TABLE 21E. EXPORTS OF SERVICES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESPercent Distribution--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2017 2018 2019 ANNUALQ1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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

1. Transportation 4.6 4.6 6.0 6.6 4.6 4.8 6.1 6.4 4.6 4.5 5.7 6.6 5.4 5.4 5.3 2. Insurance 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 3. Travel 14.0 17.9 23.0 16.3 20.1 17.2 21.2 16.0 21.7 19.9 26.7 18.4 17.8 18.7 21.7 4. Government 0.8 0.7 0.9 1.0 1.2 1.2 1.6 1.6 1.1 1.1 1.4 1.5 0.8 1.4 1.3 5. Miscellaneous services 80.5 76.7 69.9 75.9 74.0 76.7 71.0 75.8 72.6 74.4 66.0 73.3 75.9 74.5 71.7

==================================================================================================================================================

Source: Philippine Statistics Authority

Page 78: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 38Unit: In Percent As of January 2020

TABLE 21F. EXPORTS OF SERVICES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESGrowth Rates----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALQ1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

EXPORTS OF SERVICES 20.6 15.1 7.9 10.4 7.5 7.3 9.8 6.0 13.7 7.7

1. Transportation 22.2 16.9 4.1 8.8 4.5 0.7 1.2 7.0 12.4 3.4 2. Insurance -3.3 1.3 4.6 0.3 4.3 8.3 5.7 0.5 1.1 4.2 3. Travel 75.1 12.3 -0.3 8.3 15.8 24.1 38.6 22.1 20.1 25.1 4. Government 84.2 84.5 84.3 84.1 2.5 -0.9 1.4 1.1 84.3 1.0 5. Miscellaneous services 10.6 15.0 10.0 10.1 5.6 4.1 2.2 2.7 11.6 3.8

========================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In Percent

TABLE 21G. EXPORTS OF SERVICES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESGrowth Rates----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALQ1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

EXPORTS OF SERVICES 15.8 9.7 1.9 7.4 3.6 4.3 8.2 4.5 8.9 5.0

1. Transportation 16.4 14.9 3.5 4.0 2.2 -2.2 1.4 7.9 9.3 2.3 2. Insurance -6.9 -3.3 -1.6 -2.4 0.5 5.2 3.9 -1.1 -3.2 1.8 3. Travel 66.4 5.6 -6.2 5.5 11.5 20.5 36.3 20.1 14.2 21.9 4. Government 75.7 75.2 72.9 74.6 -1.3 -3.9 -0.1 -0.8 74.5 -1.5 5. Miscellaneous services 6.5 9.8 3.5 7.2 1.7 1.1 0.5 1.0 6.9 1.1

========================================================================================================================================

Source: Philippine Statistics Authority

Page 79: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 39Base Year: 2000 As of January 2020

TABLE 21H. EXPORTS OF SERVICES1ST QUARTER 2017 TO 4TH QUARTER 2019Implicit Price Index

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

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

EXPORTS OF SERVICES 203.4 204.1 206.0 208.6 211.7 214.1 218.1 214.5 219.6 220.3 221.4 217.6 205.3 214.4 219.8

1. Transportation 228.6 229.7 231.0 234.9 239.9 233.7 232.3 245.8 245.4 240.7 231.9 243.7 231.2 237.9 240.4 2. Insurance 202.6 203.5 204.5 206.8 210.4 213.2 217.3 212.4 218.5 219.5 220.9 215.8 204.7 213.7 218.6 3. Travel 200.0 200.4 204.5 206.8 210.4 213.2 217.3 212.4 218.5 219.5 220.9 215.8 202.9 213.3 219.0 4. Government 192.0 193.6 195.8 199.2 201.3 203.8 208.7 210.1 209.0 210.3 211.9 214.0 195.2 206.1 211.4

5. Miscellaneous services 202.6 203.5 204.5 206.8 210.4 213.2 217.3 212.4 218.5 219.5 220.9 215.8 204.2 213.2 218.7

==================================================================================================================================================

Source: Philippine Statistics Authority

Page 80: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 40Unit: FOB Value in million pesos As of January 2020

TABLE 22A. IMPORTS OF GOODS OF THE PHILIPPINES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICES----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2017 2018 2019 ANNUALI T E M Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------TOTAL IMPORTS OF GOODS 1,345,620 1,252,387 1,337,206 1,250,636 1,523,865 1,620,266 1,707,175 1,471,129 1,673,848 1,578,506 1,674,788 1,445,894 5,185,850 6,322,435 6,373,036

A. PRINCIPAL IMPORT GOODS 944,976 910,227 887,137 931,744 1,079,862 1,194,392 1,163,363 1,097,819 1,176,951 1,152,858 1,058,517 1,053,468 3,674,084 4,535,436 4,441,794

1. Electronics 201,217 208,002 218,018 221,004 254,403 286,860 267,248 259,913 288,169 355,874 291,489 291,722 848,241 1,068,424 1,227,254 Components/Devices (Semiconductors) 103,804 100,701 108,001 113,653 133,095 132,227 132,188 125,243 148,503 172,076 131,177 127,583 426,160 522,753 579,340 Electronic Data Processing 40,209 45,788 45,229 41,460 43,925 57,596 54,603 51,763 49,938 72,890 68,685 69,975 172,685 207,887 261,487 Office Equipment 2,615 1,839 2,660 2,222 3,045 3,952 3,401 2,506 2,594 3,640 3,205 3,504 9,336 12,904 12,943 Consumer Electronics 13,123 13,691 15,588 14,866 15,747 21,103 20,053 20,590 23,099 29,538 24,441 20,433 57,268 77,493 97,510 Telecommunication 15,242 15,666 17,462 16,094 22,965 31,384 22,695 17,965 24,931 33,115 26,591 25,000 64,464 95,008 109,637 Communication/Radar 16,846 18,635 17,325 20,414 23,534 25,230 18,010 28,257 25,075 27,567 23,094 29,432 73,220 95,031 105,169 Control and Instrumentation 6,208 7,928 7,984 8,753 8,434 11,536 12,422 10,034 10,391 12,665 9,726 10,063 30,873 42,425 42,846 Medical/Industrial Instrumentation 2,724 3,313 3,260 2,975 3,022 3,077 3,183 2,831 2,863 3,514 3,544 4,711 12,272 12,114 14,632 Automotive Electronics 445 440 509 568 636 755 693 726 775 868 1,026 1,020 1,962 2,809 3,689

2. Mineral fuels 159,113 136,791 141,265 154,612 182,293 204,391 202,849 198,120 175,696 202,733 180,211 190,786 591,780 787,653 749,425 3. Machinery and mechanical appliances 103,516 98,603 100,041 98,427 123,958 120,008 108,162 115,246 129,636 113,427 107,539 104,280 400,586 467,374 454,882 4. Base metals 69,531 88,263 62,837 73,956 85,878 133,632 109,576 88,201 78,642 97,160 81,546 62,516 294,587 417,287 319,864 5. Transport equipment 201,655 152,910 134,480 150,732 199,120 187,020 199,991 152,584 241,164 147,915 161,381 148,839 639,777 738,715 699,299 6. Textile yarns 17,011 15,703 15,356 17,031 20,225 22,985 20,043 16,747 20,734 21,467 18,866 17,864 65,101 80,000 78,931 7. Electrical machinery 39,342 34,605 34,011 35,528 42,807 41,973 40,185 39,754 51,206 40,143 41,026 50,282 143,487 164,719 182,656 8. Artificial resins 32,445 30,501 30,114 30,354 35,571 41,178 39,662 38,262 38,382 34,773 35,810 33,908 123,414 154,672 142,874 9. Chemical products 19,441 25,463 28,160 27,982 25,987 31,267 31,193 28,299 24,734 27,022 26,210 24,093 101,046 116,746 102,05810. Cereals 25,905 22,081 23,980 29,241 28,504 31,496 44,407 57,206 45,519 37,028 36,368 41,964 101,207 161,613 160,88011. Dairy Products 13,833 12,205 14,133 11,903 14,240 14,717 14,471 14,642 19,159 15,476 13,775 16,408 52,074 58,070 64,81812. Medical and Pharmaceutical products 23,755 19,378 23,745 26,299 23,373 20,047 25,291 28,888 27,358 21,467 24,363 32,394 93,177 97,599 105,58113. Paper products 13,940 16,460 15,159 16,200 17,654 21,184 20,559 16,426 18,509 18,527 18,652 15,820 61,759 75,822 71,50814. Feedstuff 15,548 17,856 16,755 18,834 16,970 23,391 22,955 25,148 17,316 19,482 20,383 21,557 68,993 88,463 78,73815. Metalliferous ores and metal scrap 8,725 31,407 29,083 19,640 8,880 14,244 16,771 18,384 727 365 899 1,034 88,855 58,279 3,026

B. OTHERS* 400,644 342,161 450,069 318,892 444,003 425,874 543,812 373,310 496,897 425,648 616,271 392,426 1,511,766 1,786,999 1,931,242============================================================================================================================================================================

Source: Philippine Statistics AuthorityNotes: Starting 2011, Manufactured Products on Consignment Basis are not treated as imports of goods following the recommendation of the 2008 System of National Accounts (SNA), rather it is treated as exports of processing services under the Exports of Services. PSA will back track the series as soon as the revised Balance of Payments (BOP) data for the years prior to 2011 are released by the Bangko Sentral Ng Pilipinas, reflecting its adoption of the Balance of Payments Manual 6 (BPM6). Hence, at present there is a break in the National Accounts for this item from 2010 backwards. *Includes goods acquired under merchanting following the recommendation of the 2008 SNA. This item used to be part of Exports of Services.

Page 81: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 41Unit: FOB Value in million pesos As of January 2020

TABLE 22B. IMPORTS OF GOODS OF THE PHILIPPINES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICES

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

I T E M Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

TOTAL IMPORTS OF GOODS 1,156,730 1,137,689 1,255,864 1,081,897 1,293,990 1,399,331 1,522,641 1,220,858 1,410,455 1,395,469 1,512,776 1,219,280 4,632,180 5,436,820 5,537,980

A. PRINCIPAL IMPORT GOODS 895,472 928,374 1,011,002 856,616 1,011,685 1,149,281 1,239,971 961,790 1,115,811 1,169,586 1,227,693 973,191 3,691,465 4,362,727 4,486,281

1. Electronics 364,411 372,745 532,656 308,208 447,900 496,246 639,806 348,420 504,021 613,183 695,674 396,862 1,578,020 1,932,372 2,209,740 Components/Devices (Semiconductors) 250,602 194,272 331,711 194,109 312,331 245,938 395,909 206,823 347,344 314,377 395,389 212,796 970,695 1,161,001 1,269,906 Electronic Data Processing 74,102 118,604 133,138 80,625 81,948 155,216 160,321 99,058 94,925 192,947 202,951 135,251 406,469 496,543 626,074 Office Equipment 1,723 3,127 1,807 882 1,971 6,606 2,274 978 1,694 6,134 2,241 1,432 7,540 11,828 11,501 Consumer Electronics 8,039 11,014 9,652 6,247 9,427 16,724 12,333 8,597 13,787 23,324 14,977 8,489 34,950 47,082 60,576 Telecommunication 7,988 12,477 21,171 9,870 12,183 26,005 28,550 11,426 13,455 26,953 33,664 15,890 51,506 78,165 89,962 Communication/Radar 16,240 18,220 25,176 10,509 22,966 25,664 27,155 15,087 24,893 27,543 35,043 15,704 70,145 90,872 103,183 Control and Instrumentation 3,318 12,007 6,400 4,299 4,392 17,060 9,725 4,817 5,306 18,424 7,305 4,690 26,023 35,993 35,725 Medical/Industrial Instrumentation 2,179 2,655 3,254 1,387 2,368 2,408 3,071 1,277 2,238 2,765 3,410 2,110 9,475 9,123 10,523 Automotive Electronics 220 368 347 280 314 626 469 356 380 717 693 500 1,216 1,765 2,290

2. Mineral fuels 43,442 94,004 36,851 88,578 39,945 92,511 34,397 96,083 38,241 94,913 33,530 99,446 262,875 262,936 266,129 3. Machinery and mechanical appliances 81,942 28,140 91,397 101,464 96,955 33,740 97,607 116,541 98,926 31,332 95,482 104,164 302,944 344,843 329,905 4. Base metals 34,093 70,949 34,686 41,330 40,613 99,997 56,001 45,700 36,743 67,199 43,288 33,489 181,057 242,311 180,719 5. Transport equipment 176,367 175,021 105,283 112,500 172,922 210,280 153,708 111,801 202,643 161,831 123,262 109,253 569,172 648,711 596,990 6. Textile yarns 40,121 12,496 14,270 27,937 47,445 18,175 17,722 25,783 46,773 17,289 17,126 28,867 94,824 109,126 110,054 7. Electrical machinery 45,175 40,235 51,670 40,935 48,189 47,469 59,649 44,821 57,286 45,426 60,880 56,640 178,014 200,128 220,232 8. Artificial resins 31,623 23,635 27,624 30,111 32,421 29,467 33,621 35,121 34,813 23,734 31,497 33,048 112,993 130,630 123,092 9. Chemical products 12,318 19,662 21,252 20,349 15,601 22,465 21,923 19,148 14,797 19,817 19,108 17,135 73,581 79,137 70,85710. Cereals 15,475 15,704 31,904 33,851 16,581 21,489 55,423 63,199 27,187 25,754 45,819 41,634 96,936 156,691 140,39411. Dairy Products 6,038 5,073 6,127 4,891 6,056 5,993 6,113 5,845 7,942 6,140 5,664 6,349 22,130 24,008 26,09612. Medical and Pharmaceutical products 18,483 28,464 27,541 23,013 17,073 28,261 28,789 24,826 19,907 30,029 27,004 27,136 97,502 98,950 104,07613. Paper products 14,032 22,619 12,021 11,314 17,527 27,248 15,533 10,902 17,895 23,458 14,357 10,879 59,986 71,211 66,58914. Feedstuff 7,832 9,920 13,536 7,700 8,302 11,666 17,374 9,635 8,324 9,379 14,887 8,077 38,988 46,976 40,66615. Metalliferous ores and metal scrap 4,119 9,705 4,184 4,436 4,155 4,275 2,304 3,965 312 101 116 213 22,444 14,698 742

B. OTHERS* 261,258 209,315 244,862 225,281 282,305 250,049 282,670 259,068 294,644 225,883 285,083 246,089 940,715 1,074,093 1,051,700============================================================================================================================================================================

Source: Philippine Statistics AuthorityNotes: Starting 2011, Manufactured Products on Consignment Basis are not treated as imports of goods following the recommendation of the 2008 System of National Accounts (SNA), rather it is treated as exports of processing services under the Exports of Services. PSA will back track the series as soon as the revised Balance of Payments (BOP) data for the years prior to 2011 are released by the Bangko Sentral Ng Pilipinas, reflecting its adoption of the Balance of Payments Manual 6 (BPM6). Hence, at present there is a break in the National Accounts for this item from 2010 backwards. *Includes goods acquired under merchanting following the recommendation of the 2008 SNA. This item used to be part of Exports of Services.

Page 82: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 42Unit: In Percent As of January 2020

TABLE 23A. IMPORTS OF GOODS OF THE PHILIPPINES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESPercent Distribution----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2017 2018 2019 ANNUALI T E M Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

TOTAL 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

A. PRINCIPAL IMPORT GOODS 70.2 72.7 66.3 74.5 70.9 73.7 68.1 74.6 70.3 73.0 63.2 72.9 70.8 71.7 69.7

1. Electronics 15.0 16.6 16.3 17.7 16.7 17.7 15.7 17.7 17.2 22.5 17.4 20.2 16.4 16.9 19.3 Components/Devices (Semiconductors) 7.7 8.0 8.1 9.1 8.7 8.2 7.7 8.5 8.9 10.9 7.8 8.8 8.2 8.3 9.1 Electronic Data Processing 3.0 3.7 3.4 3.3 2.9 3.6 3.2 3.5 3.0 4.6 4.1 4.8 3.3 3.3 4.1 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 Consumer Electronics 1.0 1.1 1.2 1.2 1.0 1.3 1.2 1.4 1.4 1.9 1.5 1.4 1.1 1.2 1.5 Telecommunication 1.1 1.3 1.3 1.3 1.5 1.9 1.3 1.2 1.5 2.1 1.6 1.7 1.2 1.5 1.7 Communication/Radar 1.3 1.5 1.3 1.6 1.5 1.6 1.1 1.9 1.5 1.7 1.4 2.0 1.4 1.5 1.7 Control and Instrumentation 0.5 0.6 0.6 0.7 0.6 0.7 0.7 0.7 0.6 0.8 0.6 0.7 0.6 0.7 0.7 Medical/Industrial Instrumentation 0.2 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.2 0.2 0.2 Automotive Electronics 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.0 0.0 0.1

2. Mineral fuels 11.8 10.9 10.6 12.4 12.0 12.6 11.9 13.5 10.5 12.8 10.8 13.2 11.4 12.5 11.8 3. Machinery and mechanical appliances 7.7 7.9 7.5 7.9 8.1 7.4 6.3 7.8 7.7 7.2 6.4 7.2 7.7 7.4 7.1 4. Base metals 5.2 7.0 4.7 5.9 5.6 8.2 6.4 6.0 4.7 6.2 4.9 4.3 5.7 6.6 5.0 5. Transport equipment 15.0 12.2 10.1 12.1 13.1 11.5 11.7 10.4 14.4 9.4 9.6 10.3 12.3 11.7 11.0 6. Textile yarns 1.3 1.3 1.1 1.4 1.3 1.4 1.2 1.1 1.2 1.4 1.1 1.2 1.3 1.3 1.2 7. Electrical machinery 2.9 2.8 2.5 2.8 2.8 2.6 2.4 2.7 3.1 2.5 2.4 3.5 2.8 2.6 2.9 8. Artificial resins 2.4 2.4 2.3 2.4 2.3 2.5 2.3 2.6 2.3 2.2 2.1 2.3 2.4 2.4 2.2 9. Chemical products 1.4 2.0 2.1 2.2 1.7 1.9 1.8 1.9 1.5 1.7 1.6 1.7 1.9 1.8 1.610. Cereals 1.9 1.8 1.8 2.3 1.9 1.9 2.6 3.9 2.7 2.3 2.2 2.9 2.0 2.6 2.511. Dairy Products 1.0 1.0 1.1 1.0 0.9 0.9 0.8 1.0 1.1 1.0 0.8 1.1 1.0 0.9 1.012. Medical and Pharmaceutical products 1.8 1.5 1.8 2.1 1.5 1.2 1.5 2.0 1.6 1.4 1.5 2.2 1.8 1.5 1.713. Paper products 1.0 1.3 1.1 1.3 1.2 1.3 1.2 1.1 1.1 1.2 1.1 1.1 1.2 1.2 1.114. Feedstuff 1.2 1.4 1.3 1.5 1.1 1.4 1.3 1.7 1.0 1.2 1.2 1.5 1.3 1.4 1.215. Metalliferous ores and metal scrap 0.6 2.5 2.2 1.6 0.6 0.9 1.0 1.2 0.0 0.0 0.1 0.1 1.7 0.9 0.0

B. OTHERS 29.8 27.3 33.7 25.5 29.1 26.3 31.9 25.4 29.7 27.0 36.8 27.1 29.2 28.3 30.3============================================================================================================================================================================Source: Philippine Statistics Authority

Page 83: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 43Unit: In Percent As of January 2020

TABLE 23B. IMPORTS OF GOODS OF THE PHILIPPINES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESPercent Distribution----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2017 2018 2019 ANNUALI T E M Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

TOTAL 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

A. PRINCIPAL IMPORT GOODS 77.4 81.6 80.5 79.2 78.2 82.1 81.4 78.8 79.1 83.8 81.2 79.8 79.7 80.2 81.0

1. Electronics 31.5 32.8 42.4 28.5 34.6 35.5 42.0 28.5 35.7 43.9 46.0 32.5 34.1 35.5 39.9 Components/Devices (Semiconductors) 21.7 17.1 26.4 17.9 24.1 17.6 26.0 16.9 24.6 22.5 26.1 17.5 21.0 21.4 22.9 Electronic Data Processing 6.4 10.4 10.6 7.5 6.3 11.1 10.5 8.1 6.7 13.8 13.4 11.1 8.8 9.1 11.3 Office Equipment 0.1 0.3 0.1 0.1 0.2 0.5 0.1 0.1 0.1 0.4 0.1 0.1 0.2 0.2 0.2 Consumer Electronics 0.7 1.0 0.8 0.6 0.7 1.2 0.8 0.7 1.0 1.7 1.0 0.7 0.8 0.9 1.1 Telecommunication 0.7 1.1 1.7 0.9 0.9 1.9 1.9 0.9 1.0 1.9 2.2 1.3 1.1 1.4 1.6 Communication/Radar 1.4 1.6 2.0 1.0 1.8 1.8 1.8 1.2 1.8 2.0 2.3 1.3 1.5 1.7 1.9 Control and Instrumentation 0.3 1.1 0.5 0.4 0.3 1.2 0.6 0.4 0.4 1.3 0.5 0.4 0.6 0.7 0.6 Medical/Industrial Instrumentation 0.2 0.2 0.3 0.1 0.2 0.2 0.2 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 Automotive Electronics 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0

2. Mineral fuels 3.8 8.3 2.9 8.2 3.1 6.6 2.3 7.9 2.7 6.8 2.2 8.2 5.7 4.8 4.8 3. Machinery and mechanical appliances 7.1 2.5 7.3 9.4 7.5 2.4 6.4 9.5 7.0 2.2 6.3 8.5 6.5 6.3 6.0 4. Base metals 2.9 6.2 2.8 3.8 3.1 7.1 3.7 3.7 2.6 4.8 2.9 2.7 3.9 4.5 3.3 5. Transport equipment 15.2 15.4 8.4 10.4 13.4 15.0 10.1 9.2 14.4 11.6 8.1 9.0 12.3 11.9 10.8 6. Textile yarns 3.5 1.1 1.1 2.6 3.7 1.3 1.2 2.1 3.3 1.2 1.1 2.4 2.0 2.0 2.0 7. Electrical machinery 3.9 3.5 4.1 3.8 3.7 3.4 3.9 3.7 4.1 3.3 4.0 4.6 3.8 3.7 4.0 8. Artificial resins 2.7 2.1 2.2 2.8 2.5 2.1 2.2 2.9 2.5 1.7 2.1 2.7 2.4 2.4 2.2 9. Chemical products 1.1 1.7 1.7 1.9 1.2 1.6 1.4 1.6 1.0 1.4 1.3 1.4 1.6 1.5 1.310. Cereals 1.3 1.4 2.5 3.1 1.3 1.5 3.6 5.2 1.9 1.8 3.0 3.4 2.1 2.9 2.511. Dairy Products 0.5 0.4 0.5 0.5 0.5 0.4 0.4 0.5 0.6 0.4 0.4 0.5 0.5 0.4 0.512. Medical and Pharmaceutical products 1.6 2.5 2.2 2.1 1.3 2.0 1.9 2.0 1.4 2.2 1.8 2.2 2.1 1.8 1.913. Paper products 1.2 2.0 1.0 1.0 1.4 1.9 1.0 0.9 1.3 1.7 0.9 0.9 1.3 1.3 1.214. Feedstuff 0.7 0.9 1.1 0.7 0.6 0.8 1.1 0.8 0.6 0.7 1.0 0.7 0.8 0.9 0.715. Metalliferous ores and metal scrap 0.4 0.9 0.3 0.4 0.3 0.3 0.2 0.3 0.0 0.0 0.0 0.0 0.5 0.3 0.0

B. OTHERS 22.6 18.4 19.5 20.8 21.8 17.9 18.6 21.2 20.9 16.2 18.8 20.2 20.3 19.8 19.0============================================================================================================================================================================Source: Philippine Statistics Authority

Page 84: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 44Unit: In Percent As of January 2020

TABLE 24A. IMPORTS OF GOODS OF THE PHILIPPINES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESGrowth Rates-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALI T E M Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

TOTAL IMPORTS OF GOODS 13.2 29.4 27.7 17.6 9.8 -2.6 -1.9 -1.7 21.9 0.8

A. PRINCIPAL IMPORT GOODS 14.3 31.2 31.1 17.8 9.0 -3.5 -9.0 -4.0 23.4 -2.1

1. Electronics 26.4 37.9 22.6 17.6 13.3 24.1 9.1 12.2 26.0 14.9 Components/Devices (Semiconductors) 28.2 31.3 22.4 10.2 11.6 30.1 -0.8 1.9 22.7 10.8 Electronic Data Processing 9.2 25.8 20.7 24.8 13.7 26.6 25.8 35.2 20.4 25.8 Office Equipment 16.4 114.9 27.9 12.8 -14.8 -7.9 -5.8 39.9 38.2 0.3 Consumer Electronics 20.0 54.1 28.6 38.5 46.7 40.0 21.9 -0.8 35.3 25.8 Telecommunication 50.7 100.3 30.0 11.6 8.6 5.5 17.2 39.2 47.4 15.4 Communication/Radar 39.7 35.4 3.9 38.4 6.5 9.3 28.2 4.2 29.8 10.7 Control and Instrumentation 35.8 45.5 55.6 14.6 23.2 9.8 -21.7 0.3 37.4 1.0 Medical/Industrial Instrumentation 11.0 -7.1 -2.4 -4.8 -5.3 14.2 11.3 66.4 -1.3 20.8 Automotive Electronics 43.1 71.5 36.1 27.8 21.8 15.1 48.1 40.5 43.2 31.3

2. Mineral fuels 14.6 49.4 43.6 28.1 -3.6 -0.8 -11.2 -3.7 33.1 -4.9 3. Machinery and mechanical appliances 19.7 21.7 8.1 17.1 4.6 -5.5 -0.6 -9.5 16.7 -2.7 4. Base metals 23.5 51.4 74.4 19.3 -8.4 -27.3 -25.6 -29.1 41.7 -23.3 5. Transport equipment -1.3 22.3 48.7 1.2 21.1 -20.9 -19.3 -2.5 15.5 -5.3 6. Textile yarns 18.9 46.4 30.5 -1.7 2.5 -6.6 -5.9 6.7 22.9 -1.3 7. Electrical machinery 8.8 21.3 18.2 11.9 19.6 -4.4 2.1 26.5 14.8 10.9 8. Artificial resins 9.6 35.0 31.7 26.0 7.9 -15.6 -9.7 -11.4 25.3 -7.6 9. Chemical products 33.7 22.8 10.8 1.1 -4.8 -13.6 -16.0 -14.9 15.5 -12.610. Cereals 10.0 42.6 85.2 95.6 59.7 17.6 -18.1 -26.6 59.7 -0.511. Dairy Products 2.9 20.6 2.4 23.0 34.5 5.2 -4.8 12.1 11.5 11.612. Medical and Pharmaceutical products -1.6 3.5 6.5 9.8 17.0 7.1 -3.7 12.1 4.7 8.213. Paper products 26.6 28.7 35.6 1.4 4.8 -12.5 -9.3 -3.7 22.8 -5.714. Feedstuff 9.1 31.0 37.0 33.5 2.0 -16.7 -11.2 -14.3 28.2 -11.015. Metalliferous ores and metal scrap 1.8 -54.6 -42.3 -6.4 -91.8 -97.4 -94.6 -94.4 -34.4 -94.8

B. OTHERS 10.8 24.5 20.8 17.1 11.9 -0.1 13.3 5.1 18.2 8.1===================================================================================================================================================================

Source: Philippine Statistics Authority

Page 85: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 45Unit: In Percent As of January 2020

TABLE 24B. IMPORTS OF GOODS OF THE PHILIPPINES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESGrowth Rates-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALI T E M Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

TOTAL IMPORTS OF GOODS 11.9 23.0 21.2 12.8 9.0 -0.3 -0.6 -0.1 17.4 1.9

A. PRINCIPAL IMPORT GOODS 13.0 23.8 22.6 12.3 10.3 1.8 -1.0 1.2 18.2 2.8

1. Electronics 22.9 33.1 20.1 13.0 12.5 23.6 8.7 13.9 22.5 14.4 Components/Devices (Semiconductors) 24.6 26.6 19.4 6.5 11.2 27.8 -0.1 2.9 19.6 9.4 Electronic Data Processing 10.6 30.9 20.4 22.9 15.8 24.3 26.6 36.5 22.2 26.1 Office Equipment 14.3 111.2 25.8 11.0 -14.0 -7.1 -1.4 46.4 56.9 -2.8 Consumer Electronics 17.3 51.9 27.8 37.6 46.2 39.5 21.4 -1.3 34.7 28.7 Telecommunication 52.5 108.4 34.9 15.8 10.4 3.6 17.9 39.1 51.8 15.1 Communication/Radar 41.4 40.9 7.9 43.6 8.4 7.3 29.0 4.1 29.5 13.5 Control and Instrumentation 32.4 42.1 51.9 12.1 20.8 8.0 -24.9 -2.6 38.3 -0.7 Medical/Industrial Instrumentation 8.6 -9.3 -5.6 -8.0 -5.5 14.8 11.1 65.3 -3.7 15.3 Automotive Electronics 42.2 70.1 35.2 26.9 21.3 14.5 47.7 40.4 45.1 29.7

2. Mineral fuels -8.0 -1.6 -6.7 8.5 -4.3 2.6 -2.5 3.5 0.0 1.2 3. Machinery and mechanical appliances 18.3 19.9 6.8 14.9 2.0 -7.1 -2.2 -10.6 13.8 -4.3 4. Base metals 19.1 40.9 61.5 10.6 -9.5 -32.8 -22.7 -26.7 33.8 -25.4 5. Transport equipment -2.0 20.1 46.0 -0.6 17.2 -23.0 -19.8 -2.3 14.0 -8.0 6. Textile yarns 18.3 45.4 24.2 -7.7 -1.4 -4.9 -3.4 12.0 15.1 0.9 7. Electrical machinery 6.7 18.0 15.4 9.5 18.9 -4.3 2.1 26.4 12.4 10.0 8. Artificial resins 2.5 24.7 21.7 16.6 7.4 -19.5 -6.3 -5.9 15.6 -5.8 9. Chemical products 26.7 14.3 3.2 -5.9 -5.2 -11.8 -12.8 -10.5 7.6 -10.510. Cereals 7.1 36.8 73.7 86.7 64.0 19.8 -17.3 -34.1 61.6 -10.411. Dairy Products 0.3 18.1 -0.2 19.5 31.1 2.5 -7.3 8.6 8.5 8.712. Medical and Pharmaceutical products -7.6 -0.7 4.5 7.9 16.6 6.3 -6.2 9.3 1.5 5.213. Paper products 24.9 20.5 29.2 -3.6 2.1 -13.9 -7.6 -0.2 18.7 -6.514. Feedstuff 6.0 17.6 28.3 25.1 0.3 -19.6 -14.3 -16.2 20.5 -13.415. Metalliferous ores and metal scrap 0.9 -56.0 -44.9 -10.6 -92.5 -97.6 -95.0 -94.6 -34.5 -94.9

B. OTHERS 8.1 19.5 15.4 15.0 4.4 -9.7 0.9 -5.0 14.2 -2.1===================================================================================================================================================================Source: Philippine Statistics Authority

Page 86: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 46Base Year: 2000 As of January 2020

TABLE 25A. IMPORTS OF GOODS OF THE PHILIPPINES1ST QUARTER 2017 TO 4TH QUARTER 2019Implicit Price Index

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

I T E M Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

TOTAL IMPORTS OF GOODS 116.3 110.1 106.5 115.6 117.8 115.8 112.1 120.5 118.7 113.1 110.7 118.6 112.0 116.3 115.1

A. PRINCIPAL IMPORT GOODS 105.5 98.0 87.7 108.8 106.7 103.9 93.8 114.1 105.5 98.6 86.2 108.2 99.5 104.0 99.0

1. Electronics 55.2 55.8 40.9 71.7 56.8 57.8 41.8 74.6 57.2 58.0 41.9 73.5 53.8 55.3 55.5 Components/Devices (Semiconductors) 41.4 51.8 32.6 58.6 42.6 53.8 33.4 60.6 42.8 54.7 33.2 60.0 43.9 45.0 45.6 Electronic Data Processing 54.3 38.6 34.0 51.4 53.6 37.1 34.1 52.3 52.6 37.8 33.8 51.7 42.5 41.9 41.8 Office Equipment 151.8 58.8 147.2 252.0 154.5 59.8 149.6 256.1 153.1 59.3 143.0 244.7 123.8 109.1 112.5 Consumer Electronics 163.3 124.3 161.5 238.0 167.0 126.2 162.6 239.5 167.5 126.6 163.2 240.7 163.9 164.6 161.0 Telecommunication 190.8 125.6 82.5 163.1 188.5 120.7 79.5 157.2 185.3 122.9 79.0 157.3 125.2 121.5 121.9 Communication/Radar 103.7 102.3 68.8 194.2 102.5 98.3 66.3 187.3 100.7 100.1 65.9 187.4 104.4 104.6 101.9 Control and Instrumentation 187.1 66.0 124.7 203.6 192.0 67.6 127.7 208.3 195.8 68.7 133.1 214.6 118.6 117.9 119.9 Medical/Industrial Instrumentation 125.0 124.8 100.2 214.5 127.6 127.8 103.7 221.7 127.9 127.1 103.9 223.2 129.5 132.8 139.0 Automotive Electronics 201.7 119.5 146.6 202.5 202.8 120.5 147.6 204.0 203.8 121.1 148.0 204.1 161.3 159.2 161.1

2. Mineral fuels 366.3 145.5 383.3 174.5 456.4 220.9 589.7 206.2 459.4 213.6 537.5 191.8 225.1 299.6 281.6 3. Machinery and mechanical appliances 126.3 350.4 109.5 97.0 127.9 355.7 110.8 98.9 131.0 362.0 112.6 100.1 132.2 135.5 137.9 4. Base metals 203.9 124.4 181.2 178.9 211.5 133.6 195.7 193.0 214.0 144.6 188.4 186.7 162.7 172.2 177.0 5. Transport equipment 114.3 87.4 127.7 134.0 115.2 88.9 130.1 136.5 119.0 91.4 130.9 136.2 112.4 113.9 117.1 6. Textile yarns 42.4 125.7 107.6 61.0 42.6 126.5 113.1 65.0 44.3 124.2 110.2 61.9 68.7 73.3 71.7 7. Electrical machinery 87.1 86.0 65.8 86.8 88.8 88.4 67.4 88.7 89.4 88.4 67.4 88.8 80.6 82.3 82.9 8. Artificial resins 102.6 129.0 109.0 100.8 109.7 139.7 118.0 108.9 110.3 146.5 113.7 102.6 109.2 118.4 116.1 9. Chemical products 157.8 129.5 132.5 137.5 166.6 139.2 142.3 147.8 167.1 136.4 137.2 140.6 137.3 147.5 144.010. Cereals 167.4 140.6 75.2 86.4 171.9 146.6 80.1 90.5 167.4 143.8 79.4 100.8 104.4 103.1 114.611. Dairy Products 229.1 240.6 230.7 243.3 235.1 245.6 236.7 250.5 241.2 252.0 243.2 258.4 235.3 241.9 248.412. Medical and Pharmaceutical products 128.5 68.1 86.2 114.3 136.9 70.9 87.8 116.4 137.4 71.5 90.2 119.4 95.6 98.6 101.413. Paper products 99.3 72.8 126.1 143.2 100.7 77.7 132.4 150.7 103.4 79.0 129.9 145.4 103.0 106.5 107.414. Feedstuff 198.5 180.0 123.8 244.6 204.4 200.5 132.1 261.0 208.0 207.7 136.9 266.9 177.0 188.3 193.615. Metalliferous ores and metal scrap 211.9 323.6 695.1 442.8 213.7 333.2 728.0 463.7 232.8 361.0 777.9 484.6 395.9 396.5 407.5

B. OTHERS 153.4 163.5 183.8 141.6 157.3 170.3 192.4 144.1 168.6 188.4 216.2 159.5 160.7 166.4 183.6============================================================================================================================================================================Source: Philippine Statistics Authority

Page 87: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 47Unit: In million pesos As of January 2020

TABLE 25B. IMPORTS OF SERVICES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICES

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

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

IMPORTS OF SERVICES 308,159 285,442 308,186 373,345 337,886 318,145 336,313 418,055 363,563 325,112 346,992 430,458 1,275,132 1,410,399 1,466,126

1. Transportation 50,095 58,868 61,125 64,600 52,174 64,597 70,742 83,164 55,420 57,987 60,024 63,653 234,688 270,676 237,084 2. Insurance 7,131 10,130 6,210 4,167 7,086 11,472 7,364 4,259 7,628 10,731 7,388 4,474 27,637 30,181 30,221 3. Travel 156,616 108,509 144,891 179,553 161,086 120,097 155,922 202,172 171,661 124,770 166,991 216,702 589,569 639,278 680,124 4. Government 3,717 3,699 3,694 3,689 6,847 6,824 6,809 6,793 7,018 6,772 6,956 6,938 14,800 27,273 27,684 5. Miscellaneous services 90,600 104,236 92,266 121,336 110,692 115,155 95,476 121,667 121,836 124,852 105,633 138,691 408,438 442,990 491,013

=================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In million pesos

TABLE 25C. IMPORTS OF SERVICES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICES

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

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

IMPORTS OF SERVICES 260,512 213,555 245,016 306,000 283,994 235,706 264,828 339,103 303,322 238,361 270,256 345,536 1,025,082 1,123,631 1,157,475

1. Transportation 43,825 45,892 49,938 53,719 45,261 49,858 57,222 68,469 47,570 44,313 48,065 51,889 193,375 220,811 191,837 2. Insurance 8,090 7,595 5,121 3,503 7,960 8,516 6,012 3,545 8,483 7,887 5,972 3,687 24,309 26,033 26,030 3. Travel 105,670 75,772 111,087 144,117 107,608 83,033 118,360 160,663 113,536 85,408 125,505 170,503 436,646 469,664 494,952 4. Government 3,623 2,870 2,999 3,052 6,607 5,242 5,472 5,563 6,705 5,151 5,535 5,625 12,543 22,885 23,016 5. Miscellaneous services 99,304 81,425 75,871 101,609 116,557 89,057 77,762 100,862 127,027 95,603 85,178 113,831 358,209 384,238 421,639

=================================================================================================================================================

Source: Philippine Statistics Authority

Page 88: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 48Unit: In Percent As of January 2020

TABLE 25D. IMPORTS OF SERVICES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESPercent Distribution--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2017 2018 2019 ANNUALQ1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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

1. Transportation 16.3 20.6 19.8 17.3 15.4 20.3 21.0 19.9 15.2 17.8 17.3 14.8 18.4 19.2 16.2 2. Insurance 2.3 3.5 2.0 1.1 2.1 3.6 2.2 1.0 2.1 3.3 2.1 1.0 2.2 2.1 2.1 3. Travel 50.8 38.0 47.0 48.1 47.7 37.7 46.4 48.4 47.2 38.4 48.1 50.3 46.2 45.3 46.4 4. Government 1.2 1.3 1.2 1.0 2.0 2.1 2.0 1.6 1.9 2.1 2.0 1.6 1.2 1.9 1.9 5. Miscellaneous services 29.4 36.5 29.9 32.5 32.8 36.2 28.4 29.1 33.5 38.4 30.4 32.2 32.0 31.4 33.5

=================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In Percent

TABLE 25E. IMPORTS OF SERVICES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESPercent Distribution--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2017 2018 2019 ANNUALQ1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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

1. Transportation 16.8 21.5 20.4 17.6 15.9 21.2 21.6 20.2 15.7 18.6 17.8 15.0 18.9 19.7 16.6 2. Insurance 3.1 3.6 2.1 1.1 2.8 3.6 2.3 1.0 2.8 3.3 2.2 1.1 2.4 2.3 2.2 3. Travel 40.6 35.5 45.3 47.1 37.9 35.2 44.7 47.4 37.4 35.8 46.4 49.3 42.6 41.8 42.8 4. Government 1.4 1.3 1.2 1.0 2.3 2.2 2.1 1.6 2.2 2.2 2.0 1.6 1.2 2.0 2.0 5. Miscellaneous services 38.1 38.1 31.0 33.2 41.0 37.8 29.4 29.7 41.9 40.1 31.5 32.9 34.9 34.2 36.4

=================================================================================================================================================

Source: Philippine Statistics Authority

Page 89: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 49Unit: In Percent As of January 2020

TABLE 25F. IMPORTS OF SERVICES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESGrowth Rates---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALQ1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

IMPORTS OF SERVICES 9.6 11.5 9.1 12.0 7.6 2.2 3.2 3.0 10.6 4.0

1. Transportation 4.2 9.7 15.7 28.7 6.2 -10.2 -15.2 -23.5 15.3 -12.4 2. Insurance -0.6 13.2 18.6 2.2 7.6 -6.5 0.3 5.1 9.2 0.1 3. Travel 2.9 10.7 7.6 12.6 6.6 3.9 7.1 7.2 8.4 6.4 4. Government 84.2 84.5 84.3 84.1 2.5 -0.8 2.2 2.1 84.3 1.5 5. Miscellaneous services 22.2 10.5 3.5 0.3 10.1 8.4 10.6 14.0 8.5 10.8

=======================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In Percent

TABLE 25G. IMPORTS OF SERVICES1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESGrowth Rates---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALQ1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

IMPORTS OF SERVICES 9.0 10.4 8.1 10.8 6.8 1.1 2.0 1.9 9.6 3.0

1. Transportation 3.3 8.6 14.6 27.5 5.1 -11.1 -16.0 -24.2 14.2 -13.1 2. Insurance -1.6 12.1 17.4 1.2 6.6 -7.4 -0.7 4.0 7.1 0.0 3. Travel 1.8 9.6 6.5 11.5 5.5 2.9 6.0 6.1 7.6 5.4 4. Government 82.4 82.6 82.5 82.3 1.5 -1.7 1.1 1.1 82.4 0.6 5. Miscellaneous services 17.4 9.4 2.5 -0.7 9.0 7.4 9.5 12.9 7.3 9.7

=======================================================================================================================================

Source: Philippine Statistics Authority

Page 90: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 50Base Year: 2000 As of January 2020

TABLE 25H. IMPORTS OF SERVICES1ST QUARTER 2017 TO 4TH QUARTER 2019Implicit Price Index

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

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

IMPORTS OF SERVICES 118.3 133.7 125.8 122.0 119.0 135.0 127.0 123.3 119.9 136.4 128.4 124.6 124.4 125.5 126.7

1. Transportation 114.3 128.3 122.4 120.3 115.3 129.6 123.6 121.5 116.5 130.9 124.9 122.7 121.4 122.6 123.6 2. Insurance 88.1 133.4 121.3 118.9 89.0 134.7 122.5 120.1 89.9 136.1 123.7 121.3 113.7 115.9 116.1 3. Travel 148.2 143.2 130.4 124.6 149.7 144.6 131.7 125.8 151.2 146.1 133.1 127.1 135.0 136.1 137.4 4. Government 102.6 128.9 123.2 120.9 103.6 130.2 124.4 122.1 104.7 131.5 125.7 123.3 118.0 119.2 120.3 5. Miscellaneous services 91.2 128.0 121.6 119.4 95.0 129.3 122.8 120.6 95.9 130.6 124.0 121.8 114.0 115.3 116.5

=================================================================================================================================================

Source: Philippine Statistics Authority

Page 91: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 51Unit: In million pesos As of January 2020

TABLE 26A. GROSS VALUE ADDED IN AGRICULTURE, HUNTING, FORESTRY AND FISHING BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICES

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. AGRICULTURE, HUNTING AND FORESTRY 317,522 304,531 293,838 414,482 347,878 321,243 306,049 427,870 330,817 302,053 292,933 400,370 1,330,374 1,403,040 1,326,173 a. AGRICULTURE 316,898 303,706 293,083 414,264 347,282 320,401 305,137 427,570 330,243 301,311 292,106 400,146 1,327,952 1,400,390 1,323,806

Palay 75,855 73,465 57,399 128,560 87,515 80,247 63,749 137,762 77,614 62,794 44,917 108,940 335,279 369,272 294,265 Corn 24,369 13,951 24,201 19,803 30,978 16,741 24,561 22,716 30,339 14,828 28,047 17,062 82,324 94,996 90,276 Coconut including copra 25,406 19,552 39,023 20,572 23,007 15,464 28,561 13,589 15,338 11,797 23,081 13,220 104,553 80,621 63,436 Sugarcane 15,511 6,018 618 7,588 11,217 5,767 1,020 9,278 15,328 3,833 259 6,811 29,735 27,282 26,231 Banana 27,382 30,745 30,776 31,522 30,070 33,213 32,730 33,449 32,148 37,455 38,511 39,634 120,425 129,462 147,748 Mango 4,398 20,116 2,420 8,827 5,558 17,523 2,223 7,304 4,507 15,532 2,364 8,632 35,762 32,608 31,034 Pineapple 4,595 3,582 5,412 9,951 4,758 3,766 6,111 11,329 5,626 3,858 6,611 12,914 23,540 25,964 29,009 Coffee 1,912 589 524 2,500 1,676 619 492 2,533 1,523 544 473 2,406 5,526 5,320 4,947 Cassava 2,973 3,771 5,156 10,604 2,735 4,131 5,201 8,133 3,289 4,791 6,989 9,037 22,504 20,200 24,106 Rubber 1,633 2,880 2,537 3,525 1,151 2,773 2,544 2,941 979 3,177 2,565 3,536 10,575 9,408 10,257 Other crops 20,545 13,277 24,655 27,935 23,074 15,766 26,070 29,307 19,977 16,660 24,371 30,175 86,412 94,217 91,183 Livestock 47,288 51,823 49,437 59,561 54,609 57,116 53,915 63,924 54,547 55,962 50,409 52,701 208,109 229,564 213,619 Poultry 41,828 32,973 29,419 44,816 45,391 34,548 35,062 45,384 43,592 33,784 38,517 55,095 149,036 160,385 170,987 Agricultural activities and services 23,202 30,963 21,507 38,499 25,544 32,728 22,897 39,920 25,437 36,294 24,993 39,983 114,171 121,089 126,706

b. FORESTRY 625 825 755 218 596 842 912 300 574 742 827 224 2,422 2,650 2,367

2. FISHING 46,601 44,992 53,371 52,233 48,826 48,050 60,180 57,812 52,601 52,964 60,017 62,417 197,197 214,869 227,999

GROSS VALUE ADDED IN AGRICULTURE, HUNTING, FORESTRY AND FISHING 364,124 349,523 347,209 466,715 396,704 369,294 366,229 485,682 383,418 355,017 352,950 462,787 1,527,571 1,617,910 1,554,172

==========================================================================================================================================================Source: Philippine Statistics Authority

Page 92: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 52Unit: In million pesos As of January 2020

TABLE 26B. GROSS VALUE ADDED IN AGRICULTURE, HUNTING, FORESTRY AND FISHING BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICES

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. AGRICULTURE, HUNTING AND FORESTRY 154,566 147,289 134,950 180,158 157,622 147,785 135,181 183,176 158,623 148,322 139,918 185,007 616,963 623,765 631,870 a. AGRICULTURE 153,590 146,066 133,922 179,837 156,686 146,372 133,769 182,717 157,598 146,888 138,337 184,614 613,416 619,544 627,438

Palay 34,757 32,633 26,708 56,303 36,359 32,250 25,260 55,062 34,738 30,463 24,187 57,721 150,400 148,931 147,109 Corn 12,942 7,244 14,222 8,562 13,545 7,015 12,173 9,488 13,264 6,427 15,105 8,812 42,969 42,222 43,608 Coconut including copra 8,495 4,409 7,007 6,935 9,136 4,595 7,370 7,171 9,157 4,578 7,433 7,401 26,846 28,272 28,569 Sugarcane 8,515 5,977 279 4,047 6,950 4,426 363 3,957 7,962 2,843 145 3,341 18,818 15,695 14,291 Banana 7,772 8,417 8,818 8,516 7,933 8,727 8,989 8,576 7,831 8,372 8,850 8,461 33,522 34,224 33,516 Mango 2,254 10,087 886 544 2,043 9,833 926 546 1,989 10,440 936 551 13,770 13,348 13,916 Pineapple 4,435 3,656 3,619 5,419 4,494 3,777 3,734 5,481 4,496 3,806 3,773 5,529 17,130 17,485 17,605 Coffee 909 240 224 888 829 230 225 895 773 216 224 930 2,261 2,180 2,143 Cassava 2,201 3,120 2,411 2,846 2,031 3,097 2,337 2,806 1,917 2,874 2,305 2,824 10,578 10,271 9,920 Rubber 300 960 770 1,089 313 988 825 1,125 303 1,037 796 1,196 3,119 3,250 3,333 Other crops 11,444 9,876 8,042 11,911 11,389 9,893 8,156 12,103 11,566 11,076 8,319 12,258 41,273 41,541 43,219 Livestock 25,491 25,747 24,589 29,470 25,999 26,216 25,101 29,963 26,331 27,066 25,520 27,469 105,298 107,279 106,386 Poultry 22,250 19,096 19,734 26,126 23,413 20,080 20,796 27,968 24,662 20,912 22,545 29,503 87,206 92,257 97,622 Agricultural activities and services 11,824 14,605 16,616 17,182 12,252 15,244 17,516 17,575 12,608 16,778 18,198 18,618 60,227 62,588 66,202

b. FORESTRY 976 1,223 1,028 321 937 1,413 1,411 459 1,025 1,434 1,581 392 3,547 4,221 4,432

2. FISHING 27,569 26,636 29,541 38,487 26,578 26,742 29,264 39,431 26,948 27,640 29,546 40,955 122,232 122,016 125,090

GROSS VALUE ADDED IN AGRICULTURE, HUNTING, FORESTRY AND FISHING 182,135 173,925 164,491 218,646 184,201 174,527 164,445 222,608 185,572 175,963 169,464 225,962 739,195 745,781 756,960

==========================================================================================================================================================Source: Philippine Statistics Authority

Page 93: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 53Unit: In Percent As of January 2020

TABLE 27A. GROSS VALUE ADDED IN AGRICULTURE, HUNTING, FORESTRY AND FISHING BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESGrowth Rates--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALINDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. AGRICULTURE, HUNTING AND FORESTRY 9.6 5.5 4.2 3.2 -4.9 -6.0 -4.3 -6.4 5.5 -5.5 a. AGRICULTURE 9.6 5.5 4.1 3.2 -4.9 -6.0 -4.3 -6.4 5.5 -5.5

Palay 15.4 9.2 11.1 7.2 -11.3 -21.7 -29.5 -20.9 10.1 -20.3 Corn 27.1 20.0 1.5 14.7 -2.1 -11.4 14.2 -24.9 15.4 -5.0 Coconut including copra -9.4 -20.9 -26.8 -33.9 -33.3 -23.7 -19.2 -2.7 -22.9 -21.3 Sugarcane -27.7 -4.2 65.0 22.3 36.7 -33.5 -74.6 -26.6 -8.2 -3.9 Banana 9.8 8.0 6.3 6.1 6.9 12.8 17.7 18.5 7.5 14.1 Mango 26.4 -12.9 -8.2 -17.2 -18.9 -11.4 6.3 18.2 -8.8 -4.8 Pineapple 3.6 5.1 12.9 13.8 18.2 2.4 8.2 14.0 10.3 11.7 Coffee -12.4 5.0 -6.1 1.3 -9.1 -12.0 -3.8 -5.0 -3.7 -7.0 Cassava -8.0 9.5 0.9 -23.3 20.3 16.0 34.4 11.1 -10.2 19.3 Rubber -29.5 -3.7 0.2 -16.6 -15.0 14.6 0.8 20.2 -11.0 9.0 Other crops 12.3 18.7 5.7 4.9 -13.4 5.7 -6.5 3.0 9.0 -3.2 Livestock 15.5 10.2 9.1 7.3 -0.1 -2.0 -6.5 -17.6 10.3 -6.9 Poultry 8.5 4.8 19.2 1.3 -4.0 -2.2 9.9 21.4 7.6 6.6 Agricultural activities and services 10.1 5.7 6.5 3.7 -0.4 10.9 9.2 0.2 6.1 4.6

b. FORESTRY -4.6 2.1 20.7 38.0 -3.6 -11.9 -9.3 -25.4 9.4 -10.7

2. FISHING 4.8 6.8 12.8 10.7 7.7 10.2 -0.3 8.0 9.0 6.1

GROSS VALUE ADDED IN AGRICULTURE, HUNTING, FORESTRY AND FISHING 8.9 5.7 5.5 4.1 -3.3 -3.9 -3.6 -4.7 5.9 -3.9

==================================================================================================================================================Source: Philippine Statistics Authority

Page 94: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 54Unit: In Percent As of January 2020

TABLE 27B. GROSS VALUE ADDED IN AGRICULTURE, HUNTING, FORESTRY AND FISHING BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESGrowth Rates--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALINDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. AGRICULTURE, HUNTING AND FORESTRY 2.0 0.3 0.2 1.7 0.6 0.4 3.5 1.0 1.1 1.3 a. AGRICULTURE 2.0 0.2 -0.1 1.6 0.6 0.4 3.4 1.0 1.0 1.3

Palay 4.6 -1.2 -5.4 -2.2 -4.5 -5.5 -4.2 4.8 -1.0 -1.2 Corn 4.7 -3.2 -14.4 10.8 -2.1 -8.4 24.1 -7.1 -1.7 3.3 Coconut including copra 7.5 4.2 5.2 3.4 0.2 -0.4 0.9 3.2 5.3 1.0 Sugarcane -18.4 -25.9 30.0 -2.2 14.6 -35.8 -60.0 -15.6 -16.6 -8.9 Banana 2.1 3.7 1.9 0.7 -1.3 -4.1 -1.5 -1.3 2.1 -2.1 Mango -9.4 -2.5 4.5 0.5 -2.6 6.2 1.1 0.8 -3.1 4.3 Pineapple 1.3 3.3 3.2 1.1 0.1 0.8 1.1 0.9 2.1 0.7 Coffee -8.8 -4.2 0.6 0.8 -6.9 -6.3 -0.4 4.0 -3.6 -1.7 Cassava -7.8 -0.7 -3.1 -1.4 -5.6 -7.2 -1.4 0.6 -2.9 -3.4 Rubber 4.4 2.9 7.1 3.2 -3.2 5.0 -3.4 6.4 4.2 2.5 Other crops -0.5 0.2 1.4 1.6 1.5 12.0 2.0 1.3 0.6 4.0 Livestock 2.0 1.8 2.1 1.7 1.3 3.2 1.7 -8.3 1.9 -0.8 Poultry 5.2 5.2 5.4 7.1 5.3 4.1 8.4 5.5 5.8 5.8 Agricultural activities and services 3.6 4.4 5.4 2.3 2.9 10.1 3.9 5.9 3.9 5.8

b. FORESTRY -4.0 15.6 37.3 43.2 9.4 1.5 12.0 -14.5 19.0 5.0

2. FISHING -3.6 0.4 -0.9 2.5 1.4 3.4 1.0 3.9 -0.2 2.5

GROSS VALUE ADDED IN AGRICULTURE, HUNTING, FORESTRY AND FISHING 1.1 0.3 0.0 1.8 0.7 0.8 3.1 1.5 0.9 1.5

==================================================================================================================================================Source: Philippine Statistics Authority

Page 95: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 55Base Year: 2000 As of January 2020

TABLE 28. GROSS VALUE ADDED IN AGRICULTURE, HUNTING, FORESTRY AND FISHING BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019Implicit Price Index

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. AGRICULTURE, HUNTING AND FORESTRY 205.4 206.8 217.7 230.1 220.7 217.4 226.4 233.6 208.6 203.6 209.4 216.4 215.6 224.9 209.9 a. AGRICULTURE 206.3 207.9 218.8 230.4 221.6 218.9 228.1 234.0 209.5 205.1 211.2 216.7 216.5 226.0 211.0

Palay 218.2 225.1 214.9 228.3 240.7 248.8 252.4 250.2 223.4 206.1 185.7 188.7 222.9 247.9 200.0 Corn 188.3 192.6 170.2 231.3 228.7 238.7 201.8 239.4 228.7 230.7 185.7 193.6 191.6 225.0 207.0 Coconut including copra 299.1 443.5 556.9 296.6 251.8 336.5 387.5 189.5 167.5 257.7 310.5 178.6 389.5 285.2 222.0 Sugarcane 182.2 100.7 221.6 187.5 161.4 130.3 281.2 234.5 192.5 134.8 178.9 203.8 158.0 173.8 183.5 Banana 352.3 365.3 349.0 370.2 379.1 380.6 364.1 390.0 410.5 447.4 435.1 468.4 359.2 378.3 440.8 Mango 195.1 199.4 273.3 1,623.2 272.1 178.2 240.1 1,336.9 226.6 148.8 252.5 1,567.9 259.7 244.3 223.0 Pineapple 103.6 98.0 149.5 183.6 105.9 99.7 163.7 206.7 125.1 101.4 175.2 233.6 137.4 148.5 164.8 Coffee 210.4 245.1 234.2 281.7 202.1 268.6 218.5 283.2 197.1 252.3 210.9 258.8 244.4 244.1 230.9 Cassava 135.0 120.9 213.9 372.6 134.7 133.4 222.6 289.8 171.6 166.7 303.2 320.0 212.7 196.7 243.0 Rubber 545.2 300.0 329.6 323.6 368.0 280.6 308.5 261.5 323.3 306.3 322.2 295.6 339.1 289.5 307.8 Other crops 179.5 134.4 306.6 234.5 202.6 159.4 319.7 242.2 172.7 150.4 292.9 246.2 209.4 226.8 211.0 Livestock 185.5 201.3 201.1 202.1 210.0 217.9 214.8 213.3 207.2 206.8 197.5 191.9 197.6 214.0 200.8 Poultry 188.0 172.7 149.1 171.5 193.9 172.1 168.6 162.3 176.8 161.5 170.8 186.7 170.9 173.8 175.2 Agricultural activities and services 196.2 212.0 129.4 224.1 208.5 214.7 130.7 227.1 201.7 216.3 137.3 214.8 189.6 193.5 191.4

b. FORESTRY 64.0 67.4 73.5 67.8 63.6 59.6 64.6 65.4 56.0 51.8 52.3 57.1 68.3 62.8 53.4

2. FISHING 169.0 168.9 180.7 135.7 183.7 179.7 205.6 146.6 195.2 191.6 203.1 152.4 161.3 176.1 182.3

GROSS VALUE ADDED IN AGRICULTURE, HUNTING, FORESTRY AND FISHING 199.9 201.0 211.1 213.5 215.4 211.6 222.7 218.2 206.6 201.8 208.3 204.8 206.7 216.9 205.3

==========================================================================================================================================================Source: Philippine Statistics Authority

Page 96: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 56Unit: In million pesos As of January 2020

TABLE 29A. GROSS VALUE ADDED IN MINING AND QUARRYING BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICES-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2017 2018 2019 ANNUALINDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Copper mining 2,242 1,945 2,302 2,880 2,434 2,416 2,382 2,760 2,367 2,256 2,061 2,197 9,369 9,992 8,8802. Gold mining 7,063 6,276 6,006 6,155 6,440 6,835 6,265 5,423 7,086 7,147 6,726 5,142 25,501 24,963 26,1013. Chromium mining 37 3 62 33 50 141 90 93 71 118 44 82 135 374 3154. Nickel mining 2,505 5,776 2,992 955 2,995 5,457 4,372 731 3,296 5,973 4,565 1,787 12,229 13,555 15,6195. Other metallic mining 157 131 133 242 129 132 122 225 133 130 151 205 663 607 6196. Crude oil, Natural Gas & Condensate 6,586 8,422 7,365 9,651 9,588 9,925 8,249 10,650 9,908 10,564 6,821 9,102 32,025 38,411 36,3957. Stone quarrying, clay and sandpits 6,517 3,633 4,639 8,145 7,248 4,124 5,522 9,418 8,008 4,161 5,464 10,744 22,935 26,312 28,3788. Other non-metallic mining 6,132 8,770 12,275 3,922 7,848 9,972 8,876 5,274 7,107 10,156 7,102 3,548 31,099 31,970 27,913

GROSS VALUE ADDED IN MINING AND QUARRYING 31,240 34,958 35,773 31,984 36,731 39,002 35,877 34,575 37,976 40,505 32,934 32,806 133,955 146,185 144,220

====================================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In million pesos

TABLE 29B. GROSS VALUE ADDED IN MINING AND QUARRYING BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICES-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2017 2018 2019 ANNUALINDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Copper mining 1,874 367 496 395 1,708 376 533 419 1,856 395 486 349 3,133 3,036 3,0852. Gold mining 1,716 1,427 1,206 1,413 1,435 1,496 1,326 1,292 1,609 1,561 1,171 1,016 5,762 5,549 5,3573. Chromium mining 30 1 17 20 39 26 16 54 43 20 8 40 67 134 1124. Nickel mining 3,424 9,759 5,115 1,199 3,165 8,317 5,946 929 3,728 9,269 5,252 1,695 19,498 18,357 19,9445. Other metallic mining 18 73 49 58 16 76 50 62 18 83 55 48 198 204 2036. Crude oil, Natural Gas & Condensate 3,122 10,101 3,122 4,480 4,254 10,273 2,952 4,594 4,437 11,450 2,751 4,311 20,826 22,074 22,9507. Stone quarrying, clay and sandpits 4,281 2,487 2,931 6,134 4,663 2,767 3,412 6,594 4,684 2,629 3,205 7,115 15,834 17,436 17,6328. Other non-metallic mining 5,440 6,070 3,790 4,177 6,102 5,318 2,274 5,379 6,010 7,426 3,061 5,160 19,477 19,073 21,657

GROSS VALUE ADDED IN MINING AND QUARRYING 19,905 30,285 16,727 17,878 21,381 28,649 16,511 19,324 22,384 32,834 15,989 19,734 84,795 85,864 90,941====================================================================================================================================================================Source: Philippine Statistics Authority

Page 97: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 57Unit: In Percent As of January 2020

TABLE 30A. GROSS VALUE ADDED IN MINING AND QUARRYING BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESGrowth Rates--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALINDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Copper mining 8.6 24.2 3.5 -4.2 -2.7 -6.6 -13.5 -20.4 6.6 -11.12. Gold mining -8.8 8.9 4.3 -11.9 10.0 4.6 7.4 -5.2 -2.1 4.63. Chromium mining 35.4 * 45.2 184.2 41.4 -16.8 -50.9 -12.2 177.7 -16.04. Nickel mining 19.5 -5.5 46.1 -23.4 10.1 9.5 4.4 144.3 10.8 15.25. Other metallic mining -18.0 0.6 -8.2 -7.2 3.3 -1.3 24.0 -8.8 -8.4 1.96. Crude oil, Natural Gas & Condensate 45.6 17.8 12.0 10.4 3.3 6.4 -17.3 -14.5 19.9 -5.27. Stone quarrying, clay and sandpits 11.2 13.5 19.0 15.6 10.5 0.9 -1.0 14.1 14.7 7.98. Other non-metallic mining 28.0 13.7 -27.7 34.5 -9.4 1.9 -20.0 -32.7 2.8 -12.7

GROSS VALUE ADDED IN MINING AND QUARRYING 17.6 11.6 0.3 8.1 3.4 3.9 -8.2 -5.1 9.1 -1.3==========================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In Percent

TABLE 30B. GROSS VALUE ADDED IN MINING AND QUARRYING BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESGrowth Rates--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALINDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------1. Copper mining -8.9 2.3 7.4 6.1 8.7 5.1 -8.8 -16.8 -3.1 1.62. Gold mining -16.4 4.8 9.9 -8.6 12.1 4.3 -11.7 -21.4 -3.7 -3.53. Chromium mining 28.5 * -4.8 173.4 11.2 -24.2 -48.1 -24.7 99.4 -17.14. Nickel mining -7.6 -14.8 16.2 -22.5 17.8 11.5 -11.7 82.4 -5.9 8.65. Other metallic mining -14.3 4.7 3.1 6.3 10.9 9.5 9.0 -23.3 3.0 -0.46. Crude oil, Natural Gas & Condensate 36.2 1.7 -5.4 2.5 4.3 11.5 -6.8 -6.2 6.0 4.07. Stone quarrying, clay and sandpits 8.9 11.3 16.4 7.5 0.4 -5.0 -6.1 7.9 10.1 1.18. Other non-metallic mining 12.2 -12.4 -40.0 28.8 -1.5 39.6 34.6 -4.1 -2.1 13.5

GROSS VALUE ADDED IN MINING AND QUARRYING 7.4 -5.4 -1.3 8.1 4.7 14.6 -3.2 2.1 1.3 5.9==========================================================================================================================================================Note: * more than 1000% growth Source: Philippine Statistics Authority

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TABLE 31. GROSS VALUE ADDED IN MINING AND QUARRYING BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019Implicit Price Index

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Copper mining 119.7 529.9 463.6 728.7 142.5 643.4 446.7 658.3 127.6 571.5 423.8 629.9 299.1 329.2 287.82. Gold mining 411.6 439.9 498.0 435.5 448.7 457.0 472.5 419.7 440.3 458.0 574.6 506.0 442.6 449.8 487.33. Chromium mining 123.4 354.0 367.7 167.0 130.0 539.7 560.5 173.7 165.4 592.9 530.0 202.6 199.9 278.3 282.04. Nickel mining 73.2 59.2 58.5 79.7 94.6 65.6 73.5 78.7 88.4 64.4 86.9 105.4 62.7 73.8 78.35. Other metallic mining 848.0 180.6 271.1 416.3 811.1 173.5 241.3 363.4 755.4 156.3 274.5 431.8 334.4 297.3 304.46. Crude oil, Natural Gas & Condensate 211.0 83.4 235.9 215.4 225.4 96.6 279.4 231.8 223.3 92.3 247.9 211.1 153.8 174.0 158.67. Stone quarrying, clay and sandpits 152.2 146.1 158.3 132.8 155.4 149.0 161.8 142.8 171.0 158.3 170.5 151.0 144.8 150.9 160.98. Other non-metallic mining 112.7 144.5 323.9 93.9 128.6 187.5 390.3 98.0 118.3 136.8 232.0 68.7 159.7 167.6 128.9

GROSS VALUE ADDED IN MINING AND QUARRYING 156.9 115.4 213.9 178.9 171.8 136.1 217.3 178.9 169.7 123.4 206.0 166.2 158.0 170.3 158.6

====================================================================================================================================================================Source: Philippine Statistics Authority

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NATIONAL ACCOUNTS OF THE PHILIPPINES Page 59Unit: In million pesos As of January 2020

TABLE 32A. GROSS VALUE ADDED IN MANUFACTURING BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICES

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Food manufactures 382,014 328,393 236,661 498,022 411,065 351,638 242,572 532,997 440,423 364,615 247,314 576,072 1,445,089 1,538,272 1,628,424Beverage industries 20,283 25,710 41,865 41,702 23,231 30,660 49,487 47,840 25,769 34,458 53,415 51,533 129,560 151,218 165,176Tobacco manufactures 1,516 1,483 3,724 2,238 1,592 1,670 3,827 2,445 1,648 1,612 5,804 2,910 8,961 9,535 11,974Textile manufactures 7,947 12,602 10,408 13,431 7,902 13,124 10,604 14,193 8,626 13,799 10,917 14,392 44,388 45,823 47,733Wearing apparel 16,223 18,719 21,497 14,720 15,613 18,470 20,896 15,154 16,678 19,924 21,159 16,207 71,160 70,133 73,969Footwear and leather and leather products 2,531 1,799 3,073 5,950 2,609 1,709 3,042 5,761 2,673 1,832 3,080 5,706 13,354 13,121 13,291Wood, bamboo, cane and rattan articles 3,702 6,800 3,728 10,511 4,309 7,073 4,089 11,211 4,970 8,047 4,645 12,082 24,741 26,683 29,744Paper and paper products 4,049 4,652 5,772 4,036 4,720 5,130 6,827 4,742 5,130 5,111 6,679 4,589 18,509 21,419 21,509Publishing and printing 8,861 8,038 6,113 15,455 9,611 9,118 5,990 13,646 10,758 10,289 6,458 14,225 38,467 38,364 41,729Petroleum and other fuel products 31,175 29,093 35,094 50,204 37,085 39,909 55,698 69,419 32,878 37,007 35,088 49,403 145,565 202,110 154,375Chemical & chemical products 45,850 64,105 108,731 164,508 45,752 63,244 103,867 152,792 47,715 63,235 106,879 164,374 383,194 365,655 382,202Rubber and plastic products 7,111 9,314 11,717 7,939 7,132 10,125 13,160 9,115 8,041 10,791 13,704 9,546 36,082 39,532 42,083Non-metallic mineral products 11,653 18,387 20,220 23,998 13,620 20,529 22,325 28,974 15,074 21,884 23,962 29,011 74,259 85,449 89,931Basic metal industries 19,625 10,472 23,580 17,323 20,666 10,956 25,303 14,500 23,263 12,101 26,912 11,638 71,000 71,426 73,914Fabricated metal products 4,323 10,903 4,652 10,190 4,235 10,641 5,115 10,841 4,479 10,673 5,194 10,885 30,068 30,831 31,230Machinery and equipment except electrical 10,505 7,396 8,786 8,897 11,820 8,430 9,411 10,029 12,412 8,274 10,499 10,525 35,584 39,690 41,710Office, accounting and computing machinery 4,186 4,775 11,108 5,606 5,534 5,113 13,225 5,882 5,341 5,859 12,949 5,381 25,676 29,754 29,530Electrical machinery and apparatus 10,558 13,026 8,976 10,088 11,616 14,589 10,019 12,252 13,037 16,708 10,919 12,936 42,648 48,476 53,601Radio, television and communication equipment and apparatus 95,872 76,036 82,004 62,419 116,767 88,608 92,756 70,105 116,827 85,381 82,722 64,227 316,331 368,236 349,157Transport equipment 12,138 9,152 15,653 16,539 11,202 9,090 16,225 17,242 11,940 9,178 15,382 14,041 53,481 53,759 50,541Furniture and fixtures 5,590 4,791 4,896 10,026 5,758 4,814 4,969 10,647 5,930 5,117 5,252 11,219 25,303 26,188 27,518Miscellaneous manufactures 13,365 9,930 8,407 10,252 13,647 10,358 9,170 11,497 14,290 9,692 9,117 12,051 41,954 44,671 45,150

GROSS VALUE ADDED IN MANUFACTURING 719,078 675,577 676,663 1,004,056 785,486 734,999 728,578 1,071,284 827,902 755,587 718,050 1,102,953 3,075,374 3,320,346 3,404,491

=====================================================================================================================================================================================Source: Philippine Statistics Authority

Page 100: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 60Unit: In million pesos As of January 2020

TABLE 32B. GROSS VALUE ADDED IN MANUFACTURING BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICES

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Food manufactures 179,089 180,995 111,262 214,927 189,452 193,467 113,501 224,739 209,510 207,058 118,389 242,625 686,274 721,159 777,583Beverage industries 13,260 17,523 24,654 25,043 13,913 18,113 25,312 25,157 15,085 19,667 26,416 26,160 80,481 82,495 87,327Tobacco manufactures 1,102 1,082 2,093 775 950 951 1,680 722 955 876 2,449 827 5,052 4,304 5,106Textile manufactures 4,953 8,100 5,893 7,249 4,870 8,221 5,840 7,492 5,250 8,784 6,173 7,586 26,195 26,424 27,794Wearing apparel 6,976 8,731 9,070 6,543 6,995 8,796 8,913 6,687 7,649 9,971 9,694 7,297 31,320 31,390 34,611Footwear and leather and leather products 2,006 1,075 1,869 4,042 2,281 1,055 1,913 4,076 2,363 1,227 2,114 4,205 8,992 9,325 9,909Wood, bamboo, cane and rattan articles 3,214 6,131 3,197 8,929 3,787 6,500 3,577 9,936 4,630 7,905 4,504 11,132 21,470 23,800 28,171Paper and paper products 3,384 4,786 5,304 3,635 3,966 5,276 6,097 4,132 4,186 5,154 6,079 4,143 17,109 19,470 19,563Publishing and printing 4,982 4,231 3,133 7,043 5,479 4,677 2,945 5,964 5,960 5,193 3,175 6,217 19,389 19,065 20,545Petroleum and other fuel products 11,685 12,859 12,752 17,727 12,232 14,864 16,950 21,630 10,830 14,065 11,521 17,080 55,023 65,675 53,495Chemical & chemical products 41,986 46,558 74,592 98,633 41,916 46,452 71,448 91,633 45,865 48,751 78,839 104,964 261,770 251,449 278,419Rubber and plastic products 5,986 8,892 11,163 6,408 6,600 10,028 12,731 7,423 7,188 10,477 13,094 7,502 32,449 36,782 38,261Non-metallic mineral products 8,462 13,060 13,520 15,706 9,546 14,315 15,476 17,437 9,787 14,203 16,122 17,574 50,747 56,775 57,686Basic metal industries 15,367 10,476 22,666 12,630 15,418 10,218 22,409 10,128 18,988 12,577 26,552 8,669 61,138 58,173 66,786Fabricated metal products 5,224 15,890 4,356 7,807 5,519 16,247 4,913 8,185 5,679 17,325 5,446 8,909 33,277 34,864 37,359Machinery and equipment except electrical 12,281 10,485 9,272 8,401 13,263 11,129 9,902 8,546 13,466 10,886 11,508 9,477 40,440 42,840 45,338

Office, accounting and computing machinery 6,347 6,889 14,151 7,046 8,227 6,976 15,481 6,751 7,646 7,965 15,834 6,566 34,434 37,435 38,012Electrical machinery and apparatus 10,062 15,199 9,566 9,759 10,523 16,079 9,903 11,044 11,688 18,325 11,245 12,192 44,586 47,549 53,450Radio, television and communication equipment and apparatus 111,246 82,304 90,548 61,067 129,025 90,746 94,842 63,731 129,288 88,903 90,237 62,516 345,165 378,344 370,943Transport equipment 9,989 8,575 12,449 12,542 9,374 8,592 13,029 13,110 9,695 9,020 12,647 11,277 43,556 44,105 42,640Furniture and fixtures 24,747 22,331 20,600 36,574 25,054 21,853 22,476 41,552 17,397 16,954 19,945 35,083 104,252 110,935 89,380Miscellaneous manufactures 12,066 11,706 8,531 8,770 12,133 11,660 9,125 9,734 13,276 11,208 9,130 10,013 41,072 42,652 43,627

GROSS VALUE ADDED IN MANUFACTURING 494,415 497,879 470,641 581,254 530,522 526,215 488,464 599,810 556,381 546,494 501,114 622,014 2,044,189 2,145,011 2,226,003

=====================================================================================================================================================================================Source: Philippine Statistics Authority

Page 101: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 61Unit: In Percent As of January 2020

TABLE 33A. GROSS VALUE ADDED IN MANUFACTURING BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESGrowth Rates---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALINDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Food manufactures 7.6 7.1 2.5 7.0 7.1 3.7 2.0 8.1 6.4 5.9Beverage industries 14.5 19.3 18.2 14.7 10.9 12.4 7.9 7.7 16.7 9.2Tobacco manufactures 5.1 12.6 2.8 9.2 3.5 -3.5 51.7 19.0 6.4 25.6Textile manufactures -0.6 4.1 1.9 5.7 9.2 5.1 3.0 1.4 3.2 4.2Wearing apparel -3.8 -1.3 -2.8 2.9 6.8 7.9 1.3 7.0 -1.4 5.5Footwear and leather and leather products 3.1 -5.0 -1.0 -3.2 2.5 7.2 1.3 -1.0 -1.7 1.3Wood, bamboo, cane and rattan articles 16.4 4.0 9.7 6.7 15.3 13.8 13.6 7.8 7.9 11.5Paper and paper products 16.6 10.3 18.3 17.5 8.7 -0.4 -2.2 -3.2 15.7 0.4Publishing and printing 8.5 13.4 -2.0 -11.7 11.9 12.8 7.8 4.2 -0.3 8.8Petroleum and other fuel products 19.0 37.2 58.7 38.3 -11.3 -7.3 -37.0 -28.8 38.8 -23.6Chemical & chemical products -0.2 -1.3 -4.5 -7.1 4.3 0.0 2.9 7.6 -4.6 4.5Rubber and plastic products 0.3 8.7 12.3 14.8 12.7 6.6 4.1 4.7 9.6 6.5Non-metallic mineral products 16.9 11.6 10.4 20.7 10.7 6.6 7.3 0.1 15.1 5.2Basic metal industries 5.3 4.6 7.3 -16.3 12.6 10.4 6.4 -19.7 0.6 3.5Fabricated metal products -2.0 -2.4 10.0 6.4 5.8 0.3 1.5 0.4 2.5 1.3Machinery and equipment except electrical 12.5 14.0 7.1 12.7 5.0 -1.8 11.6 4.9 11.5 5.1Office, accounting and computing machinery 32.2 7.1 19.1 4.9 -3.5 14.6 -2.1 -8.5 15.9 -0.8Electrical machinery and apparatus 10.0 12.0 11.6 21.5 12.2 14.5 9.0 5.6 13.7 10.6Radio, television and communication equipment and apparatus 21.8 16.5 13.1 12.3 0.1 -3.6 -10.8 -8.4 16.4 -5.2Transport equipment -7.7 -0.7 3.7 4.3 6.6 1.0 -5.2 -18.6 0.5 -6.0Furniture and fixtures 3.0 0.5 1.5 6.2 3.0 6.3 5.7 5.4 3.5 5.1Miscellaneous manufactures 2.1 4.3 9.1 12.1 4.7 -6.4 -0.6 4.8 6.5 1.1

GROSS VALUE ADDED IN MANUFACTURING 9.2 8.8 7.7 6.7 5.4 2.8 -1.4 3.0 8.0 2.5

============================================================================================================================================================================Source: Philippine Statistics Authority

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TABLE 33B. GROSS VALUE ADDED IN MANUFACTURING BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESGrowth Rates---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALINDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Food manufactures 5.8 6.9 2.0 4.6 10.6 7.0 4.3 8.0 5.1 7.8Beverage industries 4.9 3.4 2.7 0.5 8.4 8.6 4.4 4.0 2.5 5.9Tobacco manufactures -13.8 -12.0 -19.7 -6.8 0.5 -8.0 45.7 14.5 -14.8 18.6Textile manufactures -1.7 1.5 -0.9 3.4 7.8 6.8 5.7 1.3 0.9 5.2Wearing apparel 0.3 0.7 -1.7 2.2 9.4 13.4 8.8 9.1 0.2 10.3

Footwear and leather and leather products 13.7 -1.8 2.3 0.9 3.6 16.3 10.5 3.2 3.7 6.3Wood, bamboo, cane and rattan articles 17.8 6.0 11.9 11.3 22.3 21.6 25.9 12.0 10.9 18.4Paper and paper products 17.2 10.2 15.0 13.7 5.6 -2.3 -0.3 0.3 13.8 0.5Publishing and printing 10.0 10.5 -6.0 -15.3 8.8 11.0 7.8 4.2 -1.7 7.8Petroleum and other fuel products 4.7 15.6 32.9 22.0 -11.5 -5.4 -32.0 -21.0 19.4 -18.5Chemical & chemical products -0.2 -0.2 -4.2 -7.1 9.4 4.9 10.3 14.5 -3.9 10.7Rubber and plastic products 10.3 12.8 14.1 15.8 8.9 4.5 2.8 1.1 13.4 4.0Non-metallic mineral products 12.8 9.6 14.5 11.0 2.5 -0.8 4.2 0.8 11.9 1.6Basic metal industries 0.3 -2.5 -1.1 -19.8 23.2 23.1 18.5 -14.4 -4.8 14.8Fabricated metal products 5.7 2.2 12.8 4.8 2.9 6.6 10.9 8.8 4.8 7.2

Machinery and equipment except electrical 8.0 6.1 6.8 1.7 1.5 -2.2 16.2 10.9 5.9 5.8Office, accounting and computing machinery 29.6 1.3 9.4 -4.2 -7.1 14.2 2.3 -2.7 8.7 1.5

Electrical machinery and apparatus 4.6 5.8 3.5 13.2 11.1 14.0 13.5 10.4 6.6 12.4Radio, television and communication equipment and apparatus 16.0 10.3 4.7 4.4 0.2 -2.0 -4.9 -1.9 9.6 -2.0Transport equipment -6.2 0.2 4.7 4.5 3.4 5.0 -2.9 -14.0 1.3 -3.3Furniture and fixtures 1.2 -2.1 9.1 13.6 -30.6 -22.4 -11.3 -15.6 6.4 -19.4Miscellaneous manufactures 0.6 -0.4 7.0 11.0 9.4 -3.9 0.1 2.9 3.8 2.3

GROSS VALUE ADDED IN MANUFACTURING 7.3 5.7 3.8 3.2 4.9 3.9 2.6 3.7 4.9 3.8

============================================================================================================================================================================Source: Philippine Statistics Authority

Page 103: 1st Quarter 2017 to 1st Quarter 2019

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As of January 2020TABLE 34. GROSS VALUE ADDED IN MANUFACTURING BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019Implicit Price Index

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Food manufactures 213.3 181.4 212.7 231.7 217.0 181.8 213.7 237.2 210.2 176.1 208.9 237.4 210.6 213.3 209.4Beverage industries 153.0 146.7 169.8 166.5 167.0 169.3 195.5 190.2 170.8 175.2 202.2 197.0 161.0 183.3 189.1Tobacco manufactures 137.5 137.1 177.9 288.9 167.6 175.5 227.8 338.6 172.6 184.1 237.0 351.9 177.4 221.5 234.5Textile manufactures 160.4 155.6 176.6 185.3 162.2 159.6 181.6 189.4 164.3 157.1 176.8 189.7 169.5 173.4 171.7Wearing apparel 232.6 214.4 237.0 225.0 223.2 210.0 234.5 226.6 218.1 199.8 218.3 222.1 227.2 223.4 213.7Footwear and leather and leather products 126.1 167.5 164.4 147.2 114.4 162.0 159.0 141.3 113.1 149.3 145.7 135.7 148.5 140.7 134.1

Wood, bamboo, cane and rattan articles 115.2 110.9 116.6 117.7 113.8 108.8 114.3 112.8 107.3 101.8 103.1 108.5 115.2 112.1 105.6Paper and paper products 119.6 97.2 108.8 111.0 119.0 97.2 112.0 114.8 122.5 99.2 109.9 110.8 108.2 110.0 109.9Publishing and printing 177.9 190.0 195.1 219.5 175.4 195.0 203.4 228.8 180.5 198.1 203.4 228.8 198.4 201.2 203.1Petroleum and other fuel products 266.8 226.2 275.2 283.2 303.2 268.5 328.6 320.9 303.6 263.1 304.5 289.2 264.6 307.7 288.6Chemical & chemical products 109.2 137.7 145.8 166.8 109.2 136.1 145.4 166.7 104.0 129.7 135.6 156.6 146.4 145.4 137.3Rubber and plastic products 118.8 104.7 105.0 123.9 108.1 101.0 103.4 122.8 111.9 103.0 104.7 127.2 111.2 107.5 110.0Non-metallic mineral products 137.7 140.8 149.6 152.8 142.7 143.4 144.3 166.2 154.0 154.1 148.6 165.1 146.3 150.5 155.9Basic metal industries 127.7 100.0 104.0 137.2 134.0 107.2 112.9 143.2 122.5 96.2 101.4 134.3 116.1 122.8 110.7Fabricated metal products 82.7 68.6 106.8 130.5 76.7 65.5 104.1 132.4 78.9 61.6 95.4 122.2 90.4 88.4 83.6Machinery and equipment except electrical 85.5 70.5 94.8 105.9 89.1 75.7 95.0 117.4 92.2 76.0 91.2 111.1 88.0 92.6 92.0

Office, accounting and computing machinery 66.0 69.3 78.5 79.6 67.3 73.3 85.4 87.1 69.9 73.6 81.8 82.0 74.6 79.5 77.7

Electrical machinery and apparatus 104.9 85.7 93.8 103.4 110.4 90.7 101.2 110.9 111.5 91.2 97.1 106.1 95.7 101.9 100.3

Radio, television and communication equipment and apparatus 86.2 92.4 90.6 102.2 90.5 97.6 97.8 110.0 90.4 96.0 91.7 102.7 91.6 97.3 94.1Transport equipment 121.5 106.7 125.7 131.9 119.5 105.8 124.5 131.5 123.1 101.8 121.6 124.5 122.8 121.9 118.5Furniture and fixtures 22.6 21.5 23.8 27.4 23.0 22.0 22.1 25.6 34.1 30.2 26.3 32.0 24.3 23.6 30.8Miscellaneous manufactures 110.8 84.8 98.5 116.9 112.5 88.8 100.5 118.1 107.6 86.5 99.9 120.4 102.1 104.7 103.5

GROSS VALUE ADDED IN MANUFACTURING 145.4 135.7 143.8 172.7 148.1 139.7 149.2 178.6 148.8 138.3 143.3 177.3 150.4 154.8 152.9

=====================================================================================================================================================================================Source: Philippine Statistics Authority

Page 104: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 64Unit: In million pesos As of January 2020

TABLE 35A. GROSS VALUE AND GROSS VALUE ADDED IN CONSTRUCTION1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICES

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. PUBLIC 83,396 213,461 98,600 127,609 105,732 272,033 132,075 151,209 100,175 202,491 150,363 205,908 523,066 661,048 658,937 2. PRIVATE 330,126 325,709 381,065 378,977 370,846 365,531 450,400 478,516 428,085 464,512 549,324 519,914 1,415,878 1,665,293 1,961,836

GROSS VALUE IN CONSTRUCTION 413,522 539,170 479,665 506,587 476,577 637,564 582,475 629,725 528,261 667,003 699,687 725,823 1,938,944 2,326,341 2,620,773

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

GROSS VALUE ADDED IN CONSTRUCTION 235,120 316,930 270,283 291,273 271,370 376,017 332,571 367,598 299,770 385,877 395,978 420,511 1,113,606 1,347,556 1,502,135

==========================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In million pesos

TABLE 35B. GROSS VALUE AND GROSS VALUE ADDED IN CONSTRUCTION1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICES

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. PUBLIC 32,375 86,666 40,105 53,902 39,683 104,815 50,215 60,278 36,267 76,308 55,741 80,651 213,048 254,991 248,967 2. PRIVATE 140,726 143,335 165,719 176,406 152,150 152,633 182,976 210,469 167,779 188,364 216,053 222,126 626,186 698,228 794,321

GROSS VALUE IN CONSTRUCTION 173,101 230,001 205,824 230,308 191,833 257,449 233,191 270,747 204,045 264,672 271,794 302,777 839,234 953,219 1,043,288

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

GROSS VALUE ADDED IN CONSTRUCTION 109,265 150,227 131,618 146,996 120,429 169,740 151,661 176,464 126,987 168,919 174,967 195,295 538,107 618,294 666,168

==========================================================================================================================================================Source: Philippine Statistics Authority

Page 105: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 65Unit: In Percent As of January 2020

TABLE 36A. GROSS VALUE AND GROSS VALUE ADDED IN CONSTRUCTION1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESGrowth Rates---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALINDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. PUBLIC 26.8 27.4 33.9 18.5 -5.3 -25.6 13.8 36.2 26.4 -0.3 2. PRIVATE 12.3 12.2 18.2 26.3 15.4 27.1 22.0 8.7 17.6 17.8

GROSS VALUE IN CONSTRUCTION 15.2 18.2 21.4 24.3 10.8 4.6 20.1 15.3 20.0 12.7

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

GROSS VALUE ADDED IN CONSTRUCTION 15.4 18.6 23.0 26.2 10.5 2.6 19.1 14.4 21.0 11.5

================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In Percent

TABLE 36B. GROSS VALUE AND GROSS VALUE ADDED IN CONSTRUCTION1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESGrowth Rates---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALINDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. PUBLIC 22.6 20.9 25.2 11.8 -8.6 -27.2 11.0 33.8 19.7 -2.4 2. PRIVATE 8.1 6.5 10.4 19.3 10.3 23.4 18.1 5.5 11.5 13.8

GROSS VALUE IN CONSTRUCTION 10.8 11.9 13.3 17.6 6.4 2.8 16.6 11.8 13.6 9.4

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

GROSS VALUE ADDED IN CONSTRUCTION 10.2 13.0 15.2 20.0 5.4 -0.5 15.4 10.7 14.9 7.7

================================================================================================================================================Source: Philippine Statistics Authority

Page 106: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 66Base Year: 2000 As of January 2020

TABLE 37. GROSS VALUE AND GROSS VALUE ADDED IN CONSTRUCTION1ST QUARTER 2017 TO 4TH QUARTER 2019Implicit Price Index

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. PUBLIC 257.6 246.3 245.9 236.7 266.4 259.5 263.0 250.9 276.2 265.4 269.8 255.3 245.5 259.2 264.7 2. PRIVATE 234.6 227.2 229.9 214.8 243.7 239.5 246.2 227.4 255.1 246.6 254.3 234.1 226.1 238.5 247.0

GROSS VALUE IN CONSTRUCTION 238.9 234.4 233.0 220.0 248.4 247.6 249.8 232.6 258.9 252.0 257.4 239.7 231.0 244.1 251.2

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

GROSS VALUE ADDED IN CONSTRUCTION 215.2 211.0 205.4 198.1 225.3 221.5 219.3 208.3 236.1 228.4 226.3 215.3 206.9 217.9 225.5

==========================================================================================================================================================Source: Philippine Statistics Authority

Page 107: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 67Unit: In million pesos As of January 2020

TABLE 38A. GROSS VALUE ADDED IN ELECTRICITY, GAS AND WATER SUPPLY1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICES

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. ELECTRICITY 96,130 126,238 89,024 91,844 109,848 137,725 99,631 105,015 118,262 154,746 103,954 110,282 403,236 452,218 487,244 2. STEAM 2,434 2,493 1,672 2,287 2,308 2,546 2,028 2,576 2,870 2,733 2,138 2,600 8,886 9,457 10,341 3. WATER 18,882 19,507 17,275 20,121 20,390 21,167 18,676 22,050 22,184 23,400 20,498 23,886 75,785 82,283 89,967

GROSS VALUE ADDED IN ELECTRICITY, GAS & WATER SUPPLY 117,447 148,238 107,971 114,252 132,545 161,437 120,334 129,641 143,316 180,879 126,590 136,768 487,908 543,958 587,552

======================================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In million pesos

TABLE 38B. GROSS VALUE ADDED IN ELECTRICITY, GAS AND WATER SUPPLY1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICES

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. ELECTRICITY 52,067 62,700 70,623 57,384 55,849 65,183 73,873 61,314 57,118 70,653 79,395 66,089 242,774 256,220 273,255 2. STEAM 2,991 3,117 2,210 2,921 2,784 3,171 2,592 3,050 3,315 3,186 2,670 3,112 11,239 11,597 12,283 3. WATER 6,139 5,875 5,976 6,445 6,470 6,247 6,309 6,835 6,706 6,596 6,654 7,180 24,434 25,860 27,136

GROSS VALUE ADDED IN ELECTRICITY, GAS & WATER SUPPLY 61,197 71,692 78,810 66,749 65,103 74,601 82,774 71,199 67,138 80,435 88,719 76,382 278,447 293,677 312,674

======================================================================================================================================================================Source: Philippine Statistics Authority

Page 108: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 68Unit: In Percent As of January 2020

TABLE 39A. GROSS VALUE ADDED IN ELECTRICITY, GAS AND WATER SUPPLY1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESGrowth Rates-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALINDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. ELECTRICITY 14.3 9.1 11.9 14.3 7.7 12.4 4.3 5.0 12.1 7.72. STEAM -5.2 2.1 21.3 12.6 24.4 7.3 5.4 1.0 6.4 9.43. WATER 8.0 8.5 8.1 9.6 8.8 10.6 9.8 8.3 8.6 9.3

GROSS VALUE ADDED INELECTRICITY, GAS & WATER SUPPLY 12.9 8.9 11.5 13.5 8.1 12.0 5.2 5.5 11.5 8.0

=============================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In Percent

TABLE 39B. GROSS VALUE ADDED IN ELECTRICITY, GAS AND WATER SUPPLY1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESGrowth Rates-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALINDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. ELECTRICITY 7.3 4.0 4.6 6.9 2.3 8.4 7.5 7.8 5.5 6.62. STEAM -6.9 1.7 17.3 4.4 19.1 0.5 3.0 2.0 3.2 5.93. WATER 5.4 6.3 5.6 6.1 3.7 5.6 5.5 5.1 5.8 4.9

GROSS VALUE ADDED INELECTRICITY, GAS AND WATER SUPPLY 6.4 4.1 5.0 6.7 3.1 7.8 7.2 7.3

5.5 6.5

=============================================================================================================================================================Source: Philippine Statistics Authority

Page 109: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 69Base Year: 2000 As of January 2020

TABLE 40. GROSS VALUE ADDED IN ELECTRICITY, GAS AND WATER SUPPLY1ST QUARTER 2017 TO 4TH QUARTER 2019Implicit Price Index

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. ELECTRICITY 184.6 201.3 126.1 160.1 196.7 211.3 134.9 171.3 207.0 219.0 130.9 166.9 166.1 176.5 178.32. STEAM 81.4 80.0 75.6 78.3 82.9 80.3 78.2 84.4 86.6 85.8 80.1 83.5 79.1 81.5 84.23. WATER 307.6 332.0 289.1 312.2 315.2 338.8 296.0 322.6 330.8 354.8 308.1 332.7 310.2 318.2 331.5

GROSS VALUE ADDED INELECTRICITY, GAS AND WATER SUPPLY 191.9 206.8 137.0 171.2 203.6 216.4 145.4 182.1 213.5 224.9 142.7 179.1 175.2 185.2 187.9

======================================================================================================================================================================Source: Philippine Statistics Authority

Page 110: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 70Unit: In million pesos As of January 2020

TABLE 41A. GROSS VALUE ADDED IN TRANSPORT, STORAGE AND COMMUNICATION 1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICES

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. TRANSPORT AND STORAGE 140,389 162,629 135,472 137,252 151,004 174,094 149,572 147,834 163,127 185,650 159,677 154,078 575,742 622,503 662,531 a. Land 75,624 90,305 75,211 75,943 80,143 94,262 79,008 79,959 84,298 100,744 87,657 85,289 317,083 333,372 357,989 b. Water 8,186 9,826 6,318 5,980 8,450 10,522 6,608 6,374 9,605 11,979 6,468 5,933 30,310 31,954 33,985 c. Air 26,254 25,055 21,234 21,316 28,134 26,825 24,529 23,294 29,314 28,691 25,428 24,295 93,860 102,784 107,728 d. Storage and services 30,325 37,443 32,709 34,013 34,276 42,485 39,426 38,207 39,909 44,235 40,125 38,560 134,489 154,394 162,829 incidental to transport

2. COMMUNICATION 89,837 98,651 86,111 112,234 96,353 105,357 88,527 117,779 104,462 111,672 96,250 125,273 386,832 408,017 437,658

GROSS VALUE ADDED IN TRANSPORT, STORAGE 230,225 261,280 221,582 249,486 247,357 279,451 238,099 265,613 267,589 297,322 255,927 279,351 962,574 1,030,521 1,100,189 AND COMMUNICATION

===========================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In million pesos

TABLE 41B. GROSS VALUE ADDED IN TRANSPORT, STORAGE AND COMMUNICATION 1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICES

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. TRANSPORT AND STORAGE 66,903 75,980 57,850 63,642 71,083 80,057 63,434 65,176 76,017 84,989 68,386 68,311 264,374 279,750 297,703 a. Land 35,809 40,684 28,506 33,141 37,569 41,861 29,145 32,839 36,836 42,794 31,613 34,888 138,141 141,414 146,131 b. Water 5,135 6,224 4,021 3,788 5,106 6,291 4,285 3,975 5,715 7,035 4,107 3,686 19,168 19,657 20,544 c. Air 9,009 9,350 7,011 7,339 9,561 9,984 8,054 7,606 10,987 11,754 9,331 8,334 32,709 35,205 40,406 d. Storage and services 16,950 19,722 18,311 19,373 18,847 21,921 21,950 20,756 22,478 23,405 23,336 21,403 74,357 83,474 90,622 incidental to transport

2. COMMUNICATION 87,738 93,918 81,495 109,087 93,699 99,971 83,396 113,987 101,217 105,581 90,432 120,922 372,238 391,053 418,152

GROSS VALUE ADDED IN TRANSPORT, STORAGE 154,641 169,897 139,344 172,729 164,782 180,028 146,829 179,164 177,234 190,569 158,819 189,232 636,612 670,803 715,854 AND COMMUNICATION

===========================================================================================================================================================Source: Philippine Statistics Authority

Page 111: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 71Unit: In Percent As of January 2020

TABLE 42A. GROSS VALUE ADDED IN TRANSPORT, STORAGE AND COMMUNICATION 1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESGrowth Rates----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------1. TRANSPORT AND STORAGE 7.6 7.0 10.4 7.7 8.0 6.6 6.8 4.2 8.1 6.4 a. Land 6.0 4.4 5.0 5.3 5.2 6.9 10.9 6.7 5.1 7.4 b. Water 3.2 7.1 4.6 6.6 13.7 13.8 -2.1 -6.9 5.4 6.4 c. Air 7.2 7.1 15.5 9.3 4.2 7.0 3.7 4.3 9.5 4.8 d. Storage and services 13.0 13.5 20.5 12.3 16.4 4.1 1.8 0.9 14.8 5.5 incidental to transport

2. COMMUNICATION 7.3 6.8 2.8 4.9 8.4 6.0 8.7 6.4 5.5 7.3

GROSS VALUE ADDED IN TRANSPORT, STORAGE 7.4 7.0 7.5 6.5 8.2 6.4 7.5 5.2 7.1 6.8 AND COMMUNICATION

===================================================================================================================================================NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In Percent

TABLE 42B. GROSS VALUE ADDED IN TRANSPORT, STORAGE AND COMMUNICATION 1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESGrowth Rates----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------1. TRANSPORT AND STORAGE 6.2 5.4 9.7 2.4 6.9 6.2 7.8 4.8 5.8 6.4 a. Land 4.9 2.9 2.2 -0.9 -2.0 2.2 8.5 6.2 2.4 3.3 b. Water -0.6 1.1 6.6 4.9 11.9 11.8 -4.1 -7.3 2.6 4.5 c. Air 6.1 6.8 14.9 3.6 14.9 17.7 15.9 9.6 7.6 14.8 d. Storage and services 11.2 11.2 19.9 7.1 19.3 6.8 6.3 3.1 12.3 8.6 incidental to transport

2. COMMUNICATION 6.8 6.4 2.3 4.5 8.0 5.6 8.4 6.1 5.1 6.9

GROSS VALUE ADDED IN TRANSPORT, STORAGE 6.6 6.0 5.4 3.7 7.6 5.9 8.2 5.6 5.4 6.7 AND COMMUNICATION

===================================================================================================================================================Source: Philippine Statistics Authority

Page 112: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 72Base Year: 2000 As of January 2020

TABLE 43. GROSS VALUE ADDED IN TRANSPORT, STORAGE AND COMMUNICATION 1ST QUARTER 2017 TO 4TH QUARTER 2019Implicit Price Index------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. TRANSPORT AND STORAGE 209.8 214.0 234.2 215.7 212.4 217.5 235.8 226.8 214.6 218.4 233.5 225.6 217.8 222.5 222.5 a. Land 211.2 222.0 263.8 229.1 213.3 225.2 271.1 243.5 228.8 235.4 277.3 244.5 229.5 235.7 245.0 b. Water 159.4 157.9 157.1 157.9 165.5 167.3 154.2 160.3 168.1 170.3 157.5 161.0 158.1 162.6 165.4 c. Air 291.4 268.0 302.9 290.4 294.3 268.7 304.6 306.3 266.8 244.1 272.5 291.5 287.0 292.0 266.6 d. Storage and services 178.9 189.9 178.6 175.6 181.9 193.8 179.6 184.1 177.5 189.0 171.9 180.2 180.9 185.0 179.7 incidental to transport

2. COMMUNICATION 102.4 105.0 105.7 102.9 102.8 105.4 106.2 103.3 103.2 105.8 106.4 103.6 103.9 104.3 104.7

GROSS VALUE ADDED IN TRANSPORT, STORAGE 148.9 153.8 159.0 144.4 150.1 155.2 162.2 148.3 151.0 156.0 161.1 147.6 151.2 153.6 153.7 AND COMMUNICATION

===========================================================================================================================================================Source: Philippine Statistics Authority

Page 113: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 73Unit: In million pesos As of January 2020

TABLE 44A. GROSS VALUE ADDED IN TRADE AND REPAIR OF MOTOR VEHICLES, MOTORCYCLES, PERSONAL AND HOUSEHOLD GOODS1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICES

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Maintenance and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods 20,527 20,652 22,551 22,956 22,432 23,149 24,995 25,702 24,542 25,361 27,206 27,948 86,687 96,278 105,0562. Wholesale Trade 121,923 129,957 136,897 180,893 129,367 156,336 156,733 206,891 142,087 170,857 170,368 220,429 569,670 649,326 703,7413. Retail Trade 458,817 559,050 619,197 624,479 506,870 607,968 677,571 691,349 554,072 669,718 737,346 753,668 2,261,543 2,483,759 2,714,804

GROSS VALUE ADDED IN TRADE AND REPAIR OF MOTOR VEHICLES, MOTORCYCLES, PERSONAL AND HOUSEHOLD GOODS 601,268 709,659 778,645 828,328 658,669 787,453 859,298 923,942 720,701 865,935 934,921 1,002,046 2,917,900 3,229,363 3,523,602

================================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In million pesos

TABLE 44B. GROSS VALUE ADDED IN TRADE AND REPAIR OF MOTOR VEHICLES, MOTORCYCLES, PERSONAL AND HOUSEHOLD GOODS1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICES

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Maintenance and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods 12,379 12,296 12,823 13,747 12,895 12,824 13,058 14,541 13,879 13,819 14,260 16,358 51,245 53,319 58,3172. Wholesale Trade 57,529 58,423 63,201 83,512 58,123 64,943 66,287 89,918 61,344 68,593 70,855 96,803 262,665 279,272 297,5953. Retail Trade 242,007 283,757 309,925 317,409 259,989 297,894 326,430 337,964 279,813 324,873 352,140 367,239 1,153,097 1,222,277 1,324,065

GROSS VALUE ADDED IN TRADE AND REPAIR OF MOTOR VEHICLES, MOTORCYCLES, PERSONAL AND HOUSEHOLD GOODS 311,915 354,476 385,948 414,667 331,007 375,662 405,776 442,423 355,036 407,284 437,256 480,401 1,467,006 1,554,868 1,679,977

================================================================================================================================================================Source: Philippine Statistics Authority

Page 114: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 74Unit: In Percent As of January 2020

TABLE 45A. GROSS VALUE ADDED IN TRADE AND REPAIR OF MOTOR VEHICLES, MOTORCYCLES, PERSONAL AND HOUSEHOLD GOODS1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESGrowth Rates---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALINDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Maintenance and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods 9.3 12.1 10.8 12.0 9.4 9.6 8.8 8.7 11.1 9.12. Wholesale Trade 6.1 20.3 14.5 14.4 9.8 9.3 8.7 6.5 14.0 8.43. Retail Trade 10.5 8.8 9.4 10.7 9.3 10.2 8.8 9.0 9.8 9.3

GROSS VALUE ADDED IN TRADE AND REPAIR OF MOTOR VEHICLES, MOTORCYCLES, PERSONAL AND HOUSEHOLD GOODS 9.5 11.0 10.4 11.5 9.4 10.0 8.8 8.5 10.7 9.1

=======================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In Percent

TABLE 45B. GROSS VALUE ADDED IN TRADE AND REPAIR OF MOTOR VEHICLES, MOTORCYCLES, PERSONAL AND HOUSEHOLD GOODS1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESGrowth Rates---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALINDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------1. Maintenance and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods 4.2 4.3 1.8 5.8 7.6 7.8 9.2 12.5 4.0 9.42. Wholesale Trade 1.0 11.2 4.9 7.7 5.5 5.6 6.9 7.7 6.3 6.63. Retail Trade 7.4 5.0 5.3 6.5 7.6 9.1 7.9 8.7 6.0 8.3

GROSS VALUE ADDED IN TRADE AND REPAIR OF MOTOR VEHICLES, MOTORCYCLES, PERSONAL AND HOUSEHOLD GOODS 6.1 6.0 5.1 6.7 7.3 8.4 7.8 8.6 6.0 8.0

=======================================================================================================================================================Source: Philippine Statistics Authority

Page 115: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 75Base Year: 2000 As of January 2020

TABLE 46. GROSS VALUE ADDED IN TRADE AND REPAIR OF MOTOR VEHICLES, MOTORCYCLES, PERSONAL AND HOUSEHOLD GOODS1ST QUARTER 2017 TO 4TH QUARTER 2019Implicit Price Index

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Maintenance and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods 165.8 168.0 175.9 167.0 174.0 180.5 191.4 176.8 176.8 183.5 190.8 170.8 169.2 180.6 180.12. Wholesale Trade 211.9 222.4 216.6 216.6 222.6 240.7 236.4 230.1 231.6 249.1 240.4 227.7 216.9 232.5 236.53. Retail Trade 189.6 197.0 199.8 196.7 195.0 204.1 207.6 204.6 198.0 206.1 209.4 205.2 196.1 203.2 205.0

GROSS VALUE ADDED IN TRADE AND REPAIR OF MOTOR VEHICLES, MOTORCYCLES, PERSONAL AND HOUSEHOLD GOODS 192.8 200.2 201.7 199.8 199.0 209.6 211.8 208.8 203.0 212.6 213.8 208.6 198.9 207.7 209.7

================================================================================================================================================================Source: Philippine Statistics Authority

Page 116: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 76Unit: In million pesos As of January 2020

TABLE 47A. GROSS VALUE ADDED IN FINANCIAL INTERMEDIATION BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICES

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Banking Institutions 158,667 141,083 154,625 144,018 180,524 158,291 176,308 165,317 210,216 185,931 204,393 189,986 598,393 680,440 790,5252. Non-bank Financial Intermediation 83,416 132,913 89,086 102,580 92,888 153,626 102,439 116,299 106,142 167,852 114,909 131,367 407,996 465,251 520,2703. Insurance 52,662 51,799 55,280 60,702 57,076 55,179 60,108 64,674 62,297 59,395 64,735 69,156 220,442 237,037 255,5834. Activities Auxiliary to Financial Intermediation 15,767 18,618 16,876 19,491 16,956 21,229 18,353 21,758 18,966 23,511 19,848 24,024 70,752 78,296 86,349

GROSS VALUE ADDED IN FINANCIAL INTERMEDIATION 310,512 344,412 315,867 326,791 347,444 388,325 357,208 368,048 397,621 436,688 403,884 414,532 1,297,583 1,461,025 1,652,726

===========================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In million pesos

TABLE 47B. GROSS VALUE ADDED IN FINANCIAL INTERMEDIATION BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICES

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Banking Institutions 79,200 68,728 75,345 69,726 86,783 73,598 81,422 75,548 97,327 83,971 92,851 85,509 292,999 317,351 359,6582. Non-bank Financial Intermediation 41,108 65,398 43,698 49,526 44,085 72,146 47,622 53,000 48,516 76,567 52,547 58,961 199,730 216,853 236,5923. Insurance 25,564 25,830 27,083 29,280 26,684 26,262 27,910 29,446 28,050 27,459 29,568 31,010 107,757 110,302 116,0874. Activities Auxiliary to Financial Intermediation 7,798 9,122 8,272 9,460 8,077 9,927 8,527 9,968 8,701 10,679 9,070 10,839 34,653 36,499 39,290

GROSS VALUE ADDED IN FINANCIAL INTERMEDIATION 153,670 169,079 154,398 157,992 165,628 181,934 165,482 167,961 182,594 198,676 184,036 186,320 635,139 681,005 751,626 ===========================================================================================================================================================Source: Philippine Statistics Authority

Page 117: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 77Unit: In Percent As of January 2020

TABLE 48A. GROSS VALUE ADDED IN FINANCIAL INTERMEDIATION BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESGrowth Rates---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALINDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Banking Institutions 13.8 12.2 14.0 14.8 16.4 17.5 15.9 14.9 13.7 16.22. Non-bank Financial Intermediation 11.4 15.6 15.0 13.4 14.3 9.3 12.2 13.0 14.0 11.83. Insurance 8.4 6.5 8.7 6.5 9.1 7.6 7.7 6.9 7.5 7.84. Activities Auxiliary to Financial Intermediation 7.5 14.0 8.8 11.6 11.9 10.7 8.1 10.4 10.7 10.3

GROSS VALUE ADDED IN FINANCIAL INTERMEDIATION 11.9 12.7 13.1 12.6 14.4 12.5 13.1 12.6 12.6 13.1

==================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In Percent

TABLE 48B. GROSS VALUE ADDED IN FINANCIAL INTERMEDIATION BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESGrowth Rates---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALINDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Banking Institutions 9.6 7.1 8.1 8.3 12.2 14.1 14.0 13.2 8.3 13.32. Non-bank Financial Intermediation 7.2 10.3 9.0 7.0 10.1 6.1 10.3 11.2 8.6 9.13. Insurance 4.4 1.7 3.1 0.6 5.1 4.6 5.9 5.3 2.4 5.24. Activities Auxiliary to Financial Intermediation 3.6 8.8 3.1 5.4 7.7 7.6 6.4 8.7 5.3 7.6

GROSS VALUE ADDED IN FINANCIAL INTERMEDIATION 7.8 7.6 7.2 6.3 10.2 9.2 11.2 10.9 7.2 10.4 ==================================================================================================================================================Source: Philippine Statistics Authority

Page 118: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 78Base Year: 2000 As of January 2020

TABLE 49. GROSS VALUE ADDED IN FINANCIAL INTERMEDIATION BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019Implicit Price Index

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Banking Institutions 200.3 205.3 205.2 206.5 208.0 215.1 216.5 218.8 216.0 221.4 220.1 222.2 204.2 214.4 219.82. Non-bank Financial Intermediation 202.9 203.2 203.9 207.1 210.7 212.9 215.1 219.4 218.8 219.2 218.7 222.8 204.3 214.5 219.93. Insurance 206.0 200.5 204.1 207.3 213.9 210.1 215.4 219.6 222.1 216.3 218.9 223.0 204.6 214.9 220.24. Activities Auxiliary to Financial Intermediation 202.2 204.1 204.0 206.0 209.9 213.8 215.2 218.3 218.0 220.2 218.8 221.6 204.2 214.5 219.8

GROSS VALUE ADDED IN FINANCIAL INTERMEDIATION 202.1 203.7 204.6 206.8 209.8 213.4 215.9 219.1 217.8 219.8 219.5 222.5 204.3 214.5 219.9

===========================================================================================================================================================Source: Philippine Statistics Authority

Page 119: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 79Unit: In million pesos As of January 2020

TABLE 50A. GROSS VALUE ADDED IN REAL ESTATE, RENTING & BUSINESS ACTIVITIES BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICES

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Real Estate 111,582 125,611 135,945 128,408 128,661 145,843 154,579 141,944 142,956 159,337 169,671 151,728 501,546 571,027 623,692

Renting and other Business Activities 237,729 265,510 281,418 290,432 245,694 269,587 295,218 307,501 254,366 282,440 310,238 321,734 1,075,090 1,117,999 1,168,777Ownership of Dwellings 125,062 127,457 128,874 126,268 131,582 134,690 137,044 134,732 140,328 143,430 146,701 143,317 507,660 538,049 573,777

GROSS VALUE ADDED INREAL ESTATE, RENTING & BUSINESS ACTIVITIES 474,373 518,578 546,237 545,108 505,937 550,119 586,842 584,177 537,650 585,207 626,610 616,779 2,084,296 2,227,075 2,366,246 =============================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In million pesos

TABLE 50B. GROSS VALUE ADDED IN REAL ESTATE, RENTING & BUSINESS ACTIVITIES BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICES

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Real Estate 54,414 61,128 65,844 61,536 60,411 67,741 71,749 64,207 64,646 71,887 77,467 67,594 242,922 264,107 281,595Renting and other Business Activities 95,044 125,149 117,782 119,472 97,041 128,042 124,192 124,639 98,746 131,591 126,897 127,465 457,447 473,914 484,698Ownership of Dwellings 74,646 75,102 75,219 74,083 76,923 77,486 77,672 76,592 79,648 80,126 80,420 79,083 299,050 308,672 319,277

GROSS VALUE ADDED INREAL ESTATE, RENTING & BUSINESS ACTIVITIES 224,104 261,380 258,845 255,091 234,375 273,268 273,613 265,437 243,040 283,603 284,784 274,142 999,420 1,046,693 1,085,570 =============================================================================================================================================================Source: Philippine Statistics Authority

Page 120: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 80Unit: In Percent As of January 2020

TABLE 51A. GROSS VALUE ADDED IN REAL ESTATE, RENTING & BUSINESS ACTIVITIES BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESGrowth Rates-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALINDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Real Estate 15.3 16.1 13.7 10.5 11.1 9.3 9.8 6.9 13.9 9.2Renting and other Business Activities 3.4 1.5 4.9 5.9 3.5 4.8 5.1 4.6 4.0 4.5Ownership of Dwellings 5.2 5.7 6.3 6.7 6.6 6.5 7.0 6.4 6.0 6.6

GROSS VALUE ADDED INREAL ESTATE, RENTING & BUSINESS ACTIVITIES 6.7 6.1 7.4 7.2 6.3 6.4 6.8 5.6 6.9 6.2 ===================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In Percent

TABLE 51B. GROSS VALUE ADDED IN REAL ESTATE, RENTING & BUSINESS ACTIVITIES BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESGrowth Rates-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALINDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Real Estate 11.0 10.8 9.0 4.3 7.0 6.1 8.0 5.3 8.7 6.6

Renting and other Business Activities 2.1 2.3 5.4 4.3 1.8 2.8 2.2 2.3 3.6 2.3Ownership of Dwellings 3.0 3.2 3.3 3.4 3.5 3.4 3.5 3.3 3.2 3.4

GROSS VALUE ADDED INREAL ESTATE, RENTING & BUSINESS ACTIVITIES 4.6 4.5 5.7 4.1 3.7 3.8 4.1 3.3 4.7 3.7 ===================================================================================================================================================Source: Philippine Statistics Authority

Page 121: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 81Base Year: 2000 As of January 2020

TABLE 52. GROSS VALUE ADDED IN REAL ESTATE, RENTING & BUSINESS ACTIVITIES BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019Implicit Price Index

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Real Estate 205.1 205.5 206.5 208.7 213.0 215.3 215.4 221.1 221.1 221.6 219.0 224.5 206.5 216.2 221.5Renting and other Business Activities 250.1 212.2 238.9 243.1 253.2 210.5 237.7 246.7 257.6 214.6 244.5 252.4 235.0 235.9 241.1Ownership of Dwellings 167.5 169.7 171.3 170.4 171.1 173.8 176.4 175.9 176.2 179.0 182.4 181.2 169.8 174.3 179.7

GROSS VALUE ADDED INREAL ESTATE, RENTING & BUSINESS ACTIVITIES 211.7 198.4 211.0 213.7 215.9 201.3 214.5 220.1 221.2 206.3 220.0 225.0 208.6 212.8 218.0

=============================================================================================================================================================Source: Philippine Statistics Authority

Page 122: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 82Unit: In million pesos As of January 2020

TABLE 53A. GROSS VALUE ADDED IN OTHER SERVICES BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICES

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------1. Education 137,192 170,417 151,493 156,604 149,975 189,481 175,640 186,272 161,686 213,231 186,518 202,100 615,707 701,369 763,5352. Health and Social Work 56,870 74,860 66,770 74,398 61,489 78,915 71,688 81,628 67,362 81,505 78,039 92,167 272,898 293,720 319,0733. Hotels and Restaurants 71,731 65,629 73,659 78,428 80,244 71,892 81,408 87,899 88,068 77,930 88,427 96,947 289,446 321,444 351,3714. Sewage and Refuse Disposal Sanitation and Similar Activities

1,563 1,357 1,617 1,658 1,672 1,460 1,750 1,761 1,801 1,573 1,878 1,9096,195 6,642 7,161

5. Recreational, Cultural and Sporting Activities

69,368 79,004 55,951 77,137 72,686 83,459 58,926 83,301 80,116 91,742 64,487 90,815281,459 298,372 327,159

6. Other Service Activities 23,958 20,049 18,772 24,309 26,089 21,898 19,852 25,413 28,385 23,955 21,012 28,183 87,087 93,253 101,535

GROSS VALUE ADDED IN OTHER SERVICES 360,681 411,316 368,262 412,533 392,155 447,106 409,265 466,275 427,418 489,935 440,361 512,120 1,552,792 1,714,800 1,869,835

=====================================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In million pesos

TABLE 53B. GROSS VALUE ADDED IN OTHER SERVICES BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICES

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Education 90,312 102,835 90,054 82,322 98,452 114,530 102,829 96,787 103,309 128,874 104,935 101,188 365,523 412,598 438,3072. Health and Social Work 34,075 40,457 34,037 34,681 36,038 40,805 34,920 36,349 37,592 40,189 36,517 40,208 143,251 148,112 154,5063. Hotels and Restaurants 38,986 37,157 39,683 42,241 41,921 38,711 41,135 44,391 43,979 40,609 43,865 48,222 158,067 166,158 176,6754. Sewage and Refuse Disposal Sanitation and Similar Activities

830 723 858 881 875 765 909 914 923 809 955 9723,292 3,463 3,659

5. Recreational, Cultural and Sporting Activities

44,595 51,493 36,556 48,645 46,084 53,633 37,707 50,941 49,245 57,162 40,397 54,770181,289 188,364 201,573

6. Other Service Activities 12,530 10,393 9,403 12,926 13,388 11,106 9,714 13,131 14,148 11,816 9,993 14,197 45,253 47,338 50,154

GROSS VALUE ADDED IN OTHER SERVICES 221,327 243,059 210,592 221,696 236,758 259,549 227,214 242,513 249,195 279,460 236,663 259,556 896,674 966,034 1,024,873

=====================================================================================================================================================================Source: Philippine Statistics Authority

Page 123: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 83Unit: In Percent As of January 2020

TABLE 54A. GROSS VALUE ADDED IN OTHER SERVICES BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CURRENT PRICESGrowth Rates----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALINDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------1. Education 9.3 11.2 15.9 18.9 7.8 12.5 6.2 8.5 13.9 8.92. Health and Social Work 8.1 5.4 7.4 9.7 9.6 3.3 8.9 12.9 7.6 8.63. Hotels and Restaurants 11.9 9.5 10.5 12.1 9.8 8.4 8.6 10.3 11.1 9.34. Sewage and Refuse Disposal Sanitation and Similar Activities

7.0 7.6 8.2 6.2 7.7 7.8 7.3 8.47.2 7.8

5. Recreational, Cultural and Sporting Activities

4.8 5.6 5.3 8.0 10.2 9.9 9.4 9.06.0 9.6

6. Other Service Activities 8.9 9.2 5.8 4.5 8.8 9.4 5.8 10.9 7.1 8.9

GROSS VALUE ADDED IN OTHER SERVICES 8.7 8.7 11.1 13.0 9.0 9.6 7.6 9.8 10.4 9.0

===========================================================================================================================================================

NATIONAL ACCOUNTS OF THE PHILIPPINESUnit: In Percent

TABLE 54B. GROSS VALUE ADDED IN OTHER SERVICES BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019AT CONSTANT 2000 PRICESGrowth Rates----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17-18 18-19 ANNUALINDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 17-18 18-19----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------1. Education 9.0 11.4 14.2 17.6 4.9 12.5 2.0 4.5 12.9 6.22. Health and Social Work 5.8 0.9 2.6 4.8 4.3 -1.5 4.6 10.6 3.4 4.33. Hotels and Restaurants 7.5 4.2 3.7 5.1 4.9 4.9 6.6 8.6 5.1 6.34. Sewage and Refuse Disposal Sanitation and Similar Activities

5.5 5.8 6.0 3.7 5.4 5.8 5.1 6.35.2 5.7

5. Recreational, Cultural and Sporting Activities

3.3 4.2 3.1 4.7 6.9 6.6 7.1 7.53.9 7.0

6. Other Service Activities 6.8 6.9 3.3 1.6 5.7 6.4 2.9 8.1 4.6 5.9

GROSS VALUE ADDED IN OTHER SERVICES 7.0 6.8 7.9 9.4 5.3 7.7 4.2 7.0 7.7 6.1

===========================================================================================================================================================Source: Philippine Statistics Authority

Page 124: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES Page 84Base Year: 2000 As of January 2020

TABLE 55. GROSS VALUE ADDED IN OTHER SERVICES BY INDUSTRY GROUP1ST QUARTER 2017 TO 4TH QUARTER 2019Implicit Price Index

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2017 2018 2019 ANNUAL

INDUSTRY/INDUSTRY GROUP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Education 151.9 165.7 168.2 190.2 152.3 165.4 170.8 192.5 156.5 165.5 177.7 199.7 168.4 170.0 174.22. Health and Social Work 166.9 185.0 196.2 214.5 170.6 193.4 205.3 224.6 179.2 202.8 213.7 229.2 190.5 198.3 206.53. Hotels and Restaurants 184.0 176.6 185.6 185.7 191.4 185.7 197.9 198.0 200.3 191.9 201.6 201.0 183.1 193.5 198.9

4. Sewage and Refuse Disposal Sanitation and Similar Activities

188.4 187.6 188.5 188.2 191.0 190.8 192.4 192.7 195.1 194.4 196.6 196.5 188.2 191.8 195.7

5. Recreational, Cultural and Sporting Activities

155.6 153.4 153.1 158.6 157.7 155.6 156.3 163.5 162.7 160.5 159.6 165.8 155.3 158.4 162.3

6. Other Service Activities 191.2 192.9 199.6 188.1 194.9 197.2 204.4 193.5 200.6 202.7 210.3 198.5 192.4 197.0 202.4

GROSS VALUE ADDED IN OTHER SERVICES 163.0 169.2 174.9 186.1 165.6 172.3 180.1 192.3 171.5 175.3 186.1 197.3 173.2 177.5 182.4

=====================================================================================================================================================================Source: Philippine Statistics Authority

Page 125: 1st Quarter 2017 to 1st Quarter 2019

Calendar of Release of the National and Regional Accounts for CY 2019

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 2019 including the release of other related accounts:

• Q1-2019 National Accounts 09 May 2019 (Thursday)

• Q2-2019 National Accounts 08 August 2019 (Thursday)

• Q3-2019 National Accounts 07 November 2019 (Thursday)

• Q1 2016 to Q4 2018 Revised Quarterly and Annual National Accounts 04 April 2019 (Thursday)

• Q4 2019 and 2019 Annual National Accounts 23 January 2020 (Thursday)

• 2018 Consolidated Accounts/ Income and Outlay Accounts 20 June 2019 (Thursday)

• 2018 Gross Regional Domestic Product 25 April 2019 (Thursday)

• 2018 Gross Regional Domestic Expenditure 30 May 2019 (Thursday

Page 126: 1st Quarter 2017 to 1st Quarter 2019

NATIONAL ACCOUNTS OF THE PHILIPPINES

PHILIPPINE STATISTICS AUTHORITY

CLAIRE DENNIS S. MAPA, Ph.D Undersecretary

National Statistician and Civil Registrar General

MINERVA ELOISA P. ESQUIVIAS ROSALINDA P. BAUTISTA DANIEL A. ARIASO, Sr. (Assistant National Statistician)

Officer-in-Charge

Censuses and Technical

Coordination Office

Assistant Secretary

Sectoral Statistics Office

Assistant Secretary

Deputy National Statistician

Civil Registration and Central

Support 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, Hunting, Forestry, and Fishery Cynthia P. Donato

Mary Grace M. Nuñez

Industry Sector

Mining and Quarrying Jomar S. Garachico

Manufacturing Faith Hyacinth M. Balisacan

Construction Dean Joseph A. Villanueva

Electricity, Gas and Water Chelo M. Nuyda

Service Sector

Transportation, Storage,

and Communication Jenny Lou Z. Delas Alas

Trade and Repair of Motor Vehicles,

Motorcycles, Personal and

Household Goods Anne Pauline M. Genevia

Financial Intermediation Christian Patrick E. Vinculado

Real Estate, Renting, and Business

Activities Aaron Paolo B. Uy

Other Services Kristy Ann G. Meguiso

Juna Alyanna F. Grimaldo

Public Administration and Defense Gerald Junne L. Clariño

Page 127: 1st Quarter 2017 to 1st Quarter 2019

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

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

CONFIDENCE INTERVAL Precious Anne C. Cañete/

Maria Bernadette L. Dizon

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

Page 128: 1st Quarter 2017 to 1st Quarter 2019