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P erformance of the P hilippine E conomy

Explore the third quarter 2013 economic performance of the Philippine economy based on growth rates, per capita data, major industries, contributions to GDP, top exports and imports, and indicators supporting growth.

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P erformance of the P hilippine E conomy

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  1. Performance of the Philippine Economy Third Quarter 2013 by JOSE RAMON G. ALBERT Secretary General 28 November 2013

  2. Economic Performance(Growth rates, in percent) 7.3 7.4 7.0 6.7 7.3 7.8 6.5 7.3 11.9 5.5 6.7 7.1

  3. Seasonal Adjustment(Growth rates, in percent) 1.8 2.2 1.6 2.0 2.2 1.1 1.1 1.8

  4. Per Capita GDP, GNI, HFCE(Growth rates, in percent) 5.6 5.2 4.9 5.7 5.5 6.0 4.8 5.6 4.9 4.5 4.9 3.9

  5. Major Industries(Growth rates, in percent) 0.3 4.4 2.0 1.1 7.1 8.2 6.1 9.8 8.0 7.5 8.0 7.3

  6. Seasonal AdjustmentMajor Industries (Growth rates, in percent) 0.1 0.2 -0.7 3.6 2.5 1.4 1.2 2.4 2.1 0.7 0.3 1.6

  7. Contributions to GDP Growth 0.03 2.6 4.4 7.0

  8. Agriculture, Hunting, Forestry & Fishing(Growth rates, in percent)

  9. Agriculture, Hunting, Forestry & Fishing(Contribution to Growth, in percentage point)

  10. 9.8 6.1 -1.2 2.0 -2.0 5.8 5.4 9.8 17.8 10.5 16.3 2.7 5.6 4.4 Industry(Growth rates, in percent) 7.1 8.2 -0.8 9.7 4.7 6.7

  11. 8.2 0.0 6.6 0.8 0.8 Industry(Contribution to Growth, in percentage point)

  12. Manufacturing(Contribution to Growth, in percentage point) Furniture and fixtures Basic metal industries 9.8 1.0 0.6 0.4 0.01 1.3 Chemical & chemical products Non-metallic mineral products Food manufactures Wood, bamboo, cane & rattan Articles

  13. Manufacturing(Contribution to Growth, in percentage point) -1.1 Transport equipment -0.9 Wearing apparel -0.7 Miscellaneous manufactures -0.4 Electrical machinery and apparatus -0.2 Office, accounting & computing mach.

  14. 7.5 7.3 8.0 6.6 9.4 5.3 5.8 6.0 7.9 12.1 8.0 13.3 12.2 7.9 9.3 2.6 5.5 5.1 5.4 5.7 8.5 Services(Growth rates, in percent) 8.0 9.4 8.2 8.6 7.8 8.3 6.5

  15. 7.5 0.8 1.8 1.4 2.4 0.2 1.0 Services(Contribution to Growth, in percentage point)

  16. IndicatorsSupporting Growth for 3rd Quarter 2013

  17. IndicatorsSupporting Growth for 3rd Quarter 2013

  18. IndicatorsSupporting Growth for 3rd Quarter 2013

  19. IndicatorsSupporting Growth for 3rd Quarter 2013

  20. IndicatorsSupporting Growth for 3rd Quarter 2013

  21. IndicatorsSupporting Growth for 3rd Quarter 2013

  22. Expenditure(Growth Rates, in percent)

  23. Expenditure(Contribution to Growth, in percentage point)

  24. Construction(Growth rates, in percent) 15.9 9.5 31.8 37.0 11.5 3.7 19.2 4.2 8.5 23.9 21.4 0.6

  25. Top 5 Exports of Goods(in percent, in percentage point) 155.4 Electronic Data Processing Ignition Wiring Sets 12.5 Cathodes & Sections of Cathodes, of Refined Copper 308.7 Petroleum Products 273.3 Q3 2013 Contributors to Growth Contribution to Growth Growth Rates 8.3 0.7 0.4 0.9 Semiconductors 0.4 0.3

  26. Bottom 5 Exports of Goods(in percent, in percentage point) -53.2 Metal Components Articles of Apparel & Clothing Accessories -1.9 Office Equipment -13.9 Telecommunication -33.3 Consumer Electronics -34.6 Negative Contributors to Growth Contribution to Growth Q3 2013 Growth Rates -3.1 -0.6 -0.3 -0.2 0.0

  27. Top 5 Imports of Goods(in percent, in percentage point) 99.4 Transport equipment Electrical machinery 21.7 Electronic Data Processing 8.8 Machinery and mechanical appliances 27.7 Semiconductors 3.8 Q3 2013 Contribution to Growth Contributors to Growth Growth Rates 5.0 1.6 1.2 0.7 0.6

  28. Bottom 5 Imports of Goods(in percent, in percentage point) -19.1 Cereals Textile yarns -2.6 Dairy Products -8.0 Mineral fuels -5.9 Telecommunication -7.0 Negative Contributors to Growth Contribution to Growth Q3 2013 Growth Rates -0.6 -0.3 -0.2 -0.1 0.0

  29. Net Primary Income 9.5 10.3 7.5 5.1 -11.6 -16.2 -26.9 -28.4 8.8 9.5 7.0 4.3 0.0 0.0 0.0 0.0 18.9 -3.1 -7.9 15.6 18.9 15.6 -3.1 -7.9 11.9 6.7 5.5 7.1

  30. Announcements • PNoy signs the Philippine Statistical Act Last 12 September 2013, President Benigno S. Aquino III signed the Philippine Statistical Act enacted by the fifteenth Congress. This Act primarily placed the responsibility of primary data collection and statistical coordination under one body called the Philippine Statistics Authority (PSA). In effect, the PSA consolidates the technical staff of the NSCB with the National Statistics Office (NSO), the Bureau of Agricultural Statistics (BAS) and the Bureau of Labor and Employment Statistics (BLES). In consequence, the affected agencies have been abolished and the staff of these agencies are on hold over capacities. Implementing rules and regulations of the law are currently being drafted. The new PSA Act designates the NEDA Director General as the Chairman of the PSA Board, which had its initial meeting on 3 October 2013. Meanwhile, the National Statistician who will be the PSA’s chief operating officer, will be selected by a Special Committee.

  31. Announcements NSCB RSCU VIII - Tacloban City targets operation by December The NSCB would like to inform the public that the NSCB Regional Statistical Coordination Unit (RSCU) VIII Office in Tacloban City, which was affected by the super typhoon Yolanda, will be open for operations by 09 December 2013. Meanwhile, data inquiries addressed to NSCB RU VIII can be sent to info@nscb.gov.ph. We would like to express our appreciation to our stakeholders for their understanding.

  32. Announcements NSCB releases the Foreign Investments Report for Q3 2013 The Foreign Investments Report for Q3 2013 was released last Tuesday, 26 November 2013 on the NSCB website. Total approved foreign investments grew by 86.6 percent in the third quarter of 2013. For further details, please visit our website at www.nscb.gov.ph.

  33. Announcements NSCB releases the 2012 full-year official poverty statistics The NSCB will release the 2012 full-year official poverty statistics including back estimates for years 1991, 2003, 2006 and 2009 on Monday, 09 December 2013, 10:00 a.m. at the NSCB Operations Room, 5th Floor, Midland Buendia Building, 403 Sen. Gil J. Puyat Avenue, Makati City. For inquiries, please contact Ms. Bernadette B. Balamban and/or Ms. Mildred B. Addawe of the Social Sectors B. Division, with telephone numbered 896-7981, and email addresses bb.balamban@nscb.gov.ph and/or mb.addawe@nscb.gov.ph, respectively.

  34. Mabuhay and Thank you! /NSCBPhilippines @NSCBPhilippines #PHgdp /NSCBInfo http://www.nscb.gov.ph info@nscb.gov.ph NSCBInfo@gmail.com

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