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P erformance of the P hilippine E conomy

P erformance of the P hilippine E conomy. Third Quarter 2010. Presented by ROMULO A. VIROLA Secretary General. National Statistical Coordination Board 25 November 2010. Economic Performance (Growth rates, in percent). 0.7. 7.5. 4.0. 7.9. 31.6. 10.3. 0.2. 6.5. 4.1. 7.5. 13.7.

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P erformance of the P hilippine E conomy

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  1. Performance of the Philippine Economy Third Quarter 2010 Presented by ROMULO A. VIROLA Secretary General National Statistical Coordination Board 25 November 2010

  2. Economic Performance(Growth rates, in percent) 0.7 7.5 4.0 7.9 31.6 10.3 0.2 6.5 4.1 7.5 13.7 35.2

  3. Seasonal Adjustment(Growth rates, in percent) 1.6 3.7 1.4 2.1 1.9 1.8 -0.5 1.2

  4. Confidence Intervalsfor theTrue Growth Rateof the Gross Domestic Product (GDP) 6.5 6.2 6.7 6.1 6.7 6.0 6.8

  5. Per Capita GDP, GNP, PCE(Growth rates, in percent) -1.3 5.4 2.0 5.8 1.7 2.7 -1.7 4.4 2.1 5.5 0.6 2.2

  6. Major Industries(Growth rates, in percent) 1.4 1.2 -2.8 -4.8 -2.7 13.7 3.4 2.7 7.1 -2.5 9.2 7.7

  7. Seasonal AdjustmentMajor Industries (Growth rates, in percent) -2.4 -0.2 -0.3 6.0 4.7 3.0 0.3 4.4 0.8 0.3 -4.4 1.9

  8. Contributions to GDP Growth -0.43 2.97 3.91 6.46

  9. -14.9 1.5 2.9 -24.8 -2.4 5.2 -15.4 0.8 4.2 2.4 -0.4 -1.6 -19.2 -19.9 10.5 -82.8 2.3 4.0 1.2 3.0 2.7 -1.7 0.8 2.8 -1.0 1.3 2.0 1.1 4.2 1.8 3.5 3.0 8.9 1.6 2.2 2.2 3.5 3.0 -0.6 0.8 -7.3 -13.4 -10.7 -2.1 Agriculture, Fishery & Forestry(Growth rates, in percent) -2.8 1.4 -2.5 1.2

  10. -2.49 -3.97 -0.23 -0.07 -0.22 0.08 0.43 -0.12 0.43 0.46 0.79 -0.06 Agriculture, Fishery & Forestry(Contribution to Growth, in percentage point)

  11. 13.7 -2.7 29.5 22.9 18.6 -7.9 -7.7 13.9 2.0 12.9 14.2 -6.3 -3.8 8.3 Industry(Growth rates, in percent) -4.8 9.2 4.6 9.3 11.1 8.1

  12. 9.17 0.24 6.31 1.74 0.88 Industry(Contribution to Growth, in percentage point)

  13. Manufacturing(Contribution to Growth, in percentage point) 3.70 3.16 Electrical Machinery Products of Petroleum & Coal Basic Metal Industries Miscellaneous Manufactures 1.42 0.95

  14. Manufacturing(Contribution to Growth, in percentage point) -2.01 -0.80 -0.26 Food Manufactures Tobacco Manufactures Footwear Wearing Apparel

  15. 7.1 2.7 7.7 1.8 3.5 19 11.1 11.7 0.4 5.5 8.4 5.9 9.1 -1.4 7.7 7.2 7.6 5.6 7.2 4.5 -1.3 Services(Growth rates, in percent) 3.4 -1.5 1.6 11.5 -2.3 6.7 8.9

  16. 7.75 0.55 4.03 1.05 0.89 1.34 -0.12 Services(Contribution to Growth, in percentage point)

  17. IndicatorsSupporting Growth for 3rd Quarter 2010

  18. IndicatorsSupporting Growth for 3rd Quarter 2010

  19. IndicatorsSupporting Growth for 3rd Quarter 2010

  20. IndicatorsSupporting Growth for 3rd Quarter 2010

  21. Expenditure(Growth rates, in percent) 2.6 3.7 4.2 4.7 10.1 12.1 -6.1 6.3 15.9 12.2 9.1 2.8 16.4 24.5 -3.5 -14.3 1.4 -1.0 2.2 2.2 28.9 28.0 -19.8 -14.4 39.5 -4.1 6.9 22.8 -1.7 -5.1 19.3 16.0 49.5 29.9 -13.8 -4.6

  22. Expenditure(Contribution to Growth, in percentage point) 3.36 -0.45 1.11 1.24 0.02 -0.90 6.12 6.46

  23. Construction(Growth rates, in percent) 15.9 9.1 8.3 27.0 23.0 -3.6 2.8 12.2 23.3 -24.0 -9.2 41.1

  24. Top 5 Merchandise Exports(In percent) 95.1 Semiconductors and Electric Microcircuits Other Prods. Manufactured 76.3 Crude Coconut Oil 22.8 Finished Electrical Machinery 76.3 Garments 20.2 Q3 2010 Growth Rates 9.56 6.38 1.06 0.76 0.34

  25. -58.3 Iron Agglomerates Centrifugal Sugar -43.0 Prepared Tuna -27.6 Dessicated Coconut -32.2 Gold from Copper Ores -40.1 Bottom 5 Merchandise Exports(In percent) Q3 2010 Growth Rates -0.26 -0.21 -0.11 -0.10 -0.10

  26. Top 5 Merchandise Imports(In percent) Electrical Machinery, Apparatus and Appliances 13.8 Mineral fuels, lubricants and related materials Fertilizer Machinery Other Than Electrical Machinery Cereal and Cereal Products 75.6 6.4 46.5 23.2 Q3 2010 Growth Rates 2.73 2.41 2.25 0.96 0.52

  27. 2.7 13.9 2.5 5.6 4.8 Feeding Stuff Chemical Elements & Compounds Textile Yarns Paper Products Textile Fibers Bottom Merchandise Imports(In percent) Q3 2010 Growth Rates 0.03 0.06 0.08 0.18 0.20

  28. Net Factor Income from Abroad 30.7 1.8 30.7 5.7 -41.1 -35.2 -21.3 -24.2 26.0 1.0 24.5 4.5 0.0 0.0 0.0 0.0 -0.7 -49.7 -17.5 3.8 -0.7 3.8 -49.7 -17.5 13.7 10.3 31.6 35.2

  29. OFW Details

  30. Second Quarter 2010 Revisions(Growth Rates as of August 2010 and as of November 2010) -0.02 -3.2 -3.0 -0.02 -2.9 -2.8 0.00 -37.9 -37.8 0.09 16.1 15.8 0.03 37.4 36.3 0.06 12.7 12.4 -0.01 22.5 22.6 0.01 8.6 8.4 0.15 6.7 6.4 -0.06 3.5 4.2 0.21 9.1 7.8 -0.04 1.7 2.2 -0.02 9.0 9.4 0.04 7.1 6.7 0.02 7.9 7.6 0.30 8.2 7.9 -0.34 7.6 7.7 7.9 3.9 -0.53 AFF AGRICULTURE & FISHERY FORESTRY INDUSTRY MINING & QUARRYING MANUFACTURING CONSTRUCTION ELECTRICITY, GAS & WATER SERVICES TRANS., COMM & STORAGE TRADE FINANCE ODRE PRIVATE SERVICES GOVERNMENT SERVICES GROSS DOMESTIC PRODUCT N F I A GROSS NATIONAL PRODUCT

  31. Announcements 1. Approved FDI up by 83 percent in Q3 2010 Total foreign direct investments (FDI) approved in the third quarter of 2010 by the four major investment promotion agencies (IPAs), namely: Board of Investments (BOI), Clark Development Corporation (CDC), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA) amounted to PhP 19.0 billion, up by 82.9 percent from PhP 10.4 billion approved in the third quarter of 2009.

  32. Announcements 2. Search for Achievers in Statistics in Western Visayas The Regional Statistical Coordination Committee Region 6 (RSCC 6) launched the first Search for Achievers in Statistics (SAS) in Western Visayas. Qualified for nomination are practicing or retired statisticians who are residents of Western Visayas and whose dedication and long-standing commitment have contributed significantly to the promotion of statistics and have made a dent in the lives of the people in Region 6. Criteria for evaluation are service, integrity, and professionalism. Awarding of winners will be in October 2011. Nomination will start next month. Interested parties may contact RSCC 6 thru NSCB Regional Division 6 located at Luna St., La Paz, Iloilo City with telephone numbered (033) 3200513 or email address nscb6@yahoo.com.

  33. Announcements 3. NSCB conducts Statistical Appreciation Seminar for the media To enhance the partnership between the Philippine Statistical System (PSS) and the media in improving data dissemination and communication strategies, the National Statistical Coordination Board (NSCB) will conduct a Statistical Appreciation Seminar for the Media on January 15, 2010 (Saturday) from 8:00am to 5:00pm at the NSCB Operations Room. The seminar aims to promote the use of statistics in evidence-based decision making towards good governance as well as to serve as a venue for exchange of ideas and discussions on statistical analysis and data interpretation that would enhance the relevance of PSS statistical products and strengthen media’s capacity in writing stories behind the statistics.

  34. Announcements 3. NSCB conducts Statistical Appreciation Seminar for the media cont…. Among the topics to be covered during the whole day seminar include basic concepts as well as sources and methodologies of the Philippine System of National Accounts and its related accounts, poverty statistics, and other indicators produced by the NSCB. For inquiries, please contact, Mr. Ruben V. Litan of the National Statistical Information Center at 890-9405 or email at info@nscb.gov.ph

  35. visit: www. nscb.gov.ph Thank you very much.

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