GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT

BY TYPE OF EXPENDITURE:
4th Quarter 2013 and 4th Quarter 2014
AT CURRENT AND CONSTANT 2000 PRICES, IN MILLION PESOS

At Current Prices
Growth Rate
TYPE OF EXPENDITURE Q4 2013 Q4 2014
(%)

1. Household Final Consumption

2,391,711 2,576,583 7.7
Expenditure
2. Government Final Consumption
295,165 332,910 12.8
Expenditure

3. Capital Formation 695,753 716,802 3.0

A. Fixed Capital 638,950 684,001 7.1
1. Construction 318,273 398,757 25.3
2. Durable Equipment 257,456 222,442 -13.6
3. Breeding Stock & Orchard Dev't 47,935 49,097 2.4
4. Intellectual Property Products 15,285 13,705 -10.3
B. Changes in Inventories 56,803 32,801

4. Exports 790,267 903,892 14.4

A. Exports of Goods 529,660 596,683 12.7
B. Exports of Services 260,607 307,208 17.9

5. Less : Imports 938,430 960,572 2.4

A. Imports of Goods 719,782 725,021 0.7
B. Imports of Services 218,648 235,551 7.7

6. Statistical Discrepancy 23,977 15,268

GROSS DOMESTIC PRODUCT 3,258,443 3,584,882 10.0

Net Primary Income from the rest of the

616,541 645,942
world

GROSS NATIONAL INCOME 3,874,984 4,230,824 9.2

GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT

BY TYPE OF EXPENDITURE: Annual 2013 and 2014
AT CURRENT AND CONSTANT 2000 PRICES, IN MILLION PESOS
TYPE OF EXPENDITURE At Current Prices At Constant Prices
 Growth Growth
2013 2014 Rate 2013 2014 Rate
(%) (%)
1. Household Final
8,464,883 9,159,243 8.2 4,694,760 4,948,250 5.4
Consumption Expenditure
2. Government Final
1,282,408 1,348,765 5.2 723,640 736,745 1.8
Consumption Expenditure

3. Capital Formation 2,270,580 2,489,790 9.7 1,496,776 1,513,711 1.1

A. Fixed Capital 2,361,909 2,586,542 9.5 1,438,295 1,561,619 8.6
1. Construction 1,253,746 1,415,879 12.9 583,551 641,784 10.0
2. Durable Equipment 885,836 946,424 6.8 720,937 783,467 8.7
3. Breeding Stock &
177,593 177,041 -0.3 96,063 94,805 -1.3
Orchard Dev't
4. Intellectual
44,735 47,199 5.5 37,744 41,563 10.1
Property Products
B. Changes in
-91,330 -96,753 58,480 -47,908
Inventories

4. Exports 3,223,108 3,678,726 14.1 3,019,606 3,384,634 12.1

A. Exports of Goods 2,124,279 2,396,763 12.8 2,428,474 2,721,196 12.1
B. Exports of Services 1,098,828 1,281,963 16.7 591,131 663,438 12.2

5. Less: Imports 3,692,787 3,974,048 7.6 3,169,323 3,353,692 5.8

A. Imports of Goods 2,914,119 3,070,858 5.4 2,515,608 2,595,849 3.2
B. Imports of Services 778,668 903,190 16.0 653,715 757,843 15.9

6. Statistical Discrepancy 0 -68,414 0 -51,776

GROSS DOMESTIC
11,548,191 12,634,062 9.4 6,765,459 7,177,872 6.1
PRODUCT

Net Primary Income 2,302,701 2,526,032 1,303,574 1,398,430

GROSS NATIONAL INCOME 13,850,893 15,160,094 9.5 8,069,033 8,576,302 6.3

Source: Philippine Statistics Authority