GROSS NATIONAL PRODUCT (GNP) BY EXPENDITURE SHARES                      
   at current prices                                  
                                     
   
  First Quarter  
                             Item   2002   2003      2004     2005     2006     2007   2007 2008    
  . Q1 Q1  
   
   Levels (in million pesos)
   
   
   I.  Personal Consumption Expenditures 2,750,994 2,988,240 3,346,716 3,772,249 4,229,502 4,611,884 1,048,522 1,161,856  
   
   II.  General Government Consumption Expenditures 456,904 477,411 492,110 527,045 589,930 646,676 148,549 155,085  
   
  700,218 726,611 815,981 793,989 874,583 1,013,941 236,407 253,350  
   III.  Gross Domestic Capital Formation 700,218 726,611 815,981 793,989 874,583 1,013,941 236,407 253,350  
        A.  Fixed Capital Formation 698,106 726,867 784,066 783,404 845,882 985,499 226,341 242,448  
        B.  Increase in Stocks 2,112 -256 31,915 10,585 28,701 28,442 10,066 10,902  
   
   IV.  Exports of Goods and Services 1,991,332 2,142,042 2,480,966 2,589,739 2,851,390 2,833,634 706,969 625,656  
   
   V.  Less: Imports of Goods and Non-Factor Services 2,010,484 2,398,389 2,659,009 2,816,243 2,894,694 2,802,659 655,652 666,974  
   
   VI.  Statistical Discrepancy 74,908 380,488 394,790 577,260 382,124 344,770 39,282 155,609  
  #NAME? #NAME?  
   Expenditures on Gross Domestic Product 3,963,873 4,316,402 4,871,555 5,444,039 6,032,835 6,648,245 1,524,077 1,684,582  
   Gross Domestic Product (Million U.S. Dollars) 1 76,814 79,634 86,930 98,829 117,566 144,062 31,357 41,134  
  3,963,872 4,316,403  
   Net Factor Income from the Rest of the World 255,010 315,077 376,509 447,145 500,940 601,078 129,497 176,135  
  4,218,883 4,631,479 5,248,064 5,891,184 6,533,775 7,249,323 1,653,574 1,860,717  
   Expenditures on Gross National Product 4,218,883 4,631,479 5,248,064 5,891,183 6,533,775 7,249,323 1,653,574 1,860,717  
   
   Gross National Product (Million U.S. Dollars) 1 81,756 85,446 93,649 106,946 127,329 157,087 34,021 45,434  
   
   
  Percent to GNP  
   
   I.  Personal Consumption Expenditures 65.21 64.52 63.77 64.03 64.73 63.62 63.41 62.44  
   II.  General Government Consumption Expenditures 10.83 10.31 9.38 8.95 9.03 8.92 8.98 8.33  
   III.  Gross Domestic Capital Formation 16.60 15.69 15.55 13.48 13.39 13.99 14.30 13.62  
        A.  Fixed Capital Formation 16.55 15.69 14.94 13.30 12.95 13.59 13.69 13.03  
        B.  Increase in Stocks 0.05 -0.01 0.61 0.18 0.44 0.39 0.61 0.59  
   IV.  Exports of Goods and Services 47.20 46.25 47.27 43.96 43.64 39.09 42.75 33.62  
   V.  Less: Imports of Goods and Non-Factor Services 47.65 51.78 50.67 47.80 44.30 38.66 39.65 35.84  
   VI.  Statistical Discrepancy 1.78 8.22 7.52 9.80 5.85 4.76 2.38 8.36  
   
   Expenditures on Gross Domestic Product 93.96 93.20 92.83 92.41 92.33 91.71 92.17 90.53  
   
   Net Factor Income from the Rest of the World 6.04 6.80 7.17 7.59 7.67 8.29 7.83 9.47  
   
   Expenditures on Gross National Product 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00  
   
  Growth Rates in Percent  
   
   I.  Personal Consumption Expenditures 7.25 8.62 12.00 12.71 12.12 9.04 9.19 10.81  
   II.  General Government Consumption Expenditures 2.71 4.49 3.08 7.10 11.93 9.62 9.30 4.40  
   III.  Gross Domestic Capital Formation 1.62 3.77 12.30 -2.70 10.15 15.93 15.02 7.17  
          Fixed Capital Formation 7.19 4.12 7.87 -0.08 7.98 16.51 16.62 7.12  
   IV.  Exports of Goods and Services 11.54 7.57 15.82 4.38 10.10 -0.62 6.96 -11.50  
   V.  Less: Imports of Goods and Non-Factor Services 5.85 19.29 10.87 5.91 2.79 -3.18 0.99 1.73  
   
   Expenditures on Gross Domestic Product 9.15 8.89 12.86 11.75 10.82 10.20 9.91 10.53  
   
   Net Factor Income from the Rest of the World 4.03 23.55 19.50 18.76 12.03 19.99 14.87 36.01  
   
   Expenditures on Gross National Product 8.83 9.78 13.31 12.25 10.91 10.95 10.29 12.53  
   
   Gross National Product (Million U.S. Dollars) 7.54 4.51 9.60 14.20 19.06 23.37 17.73 33.55  
                                     
 1 Derived by dividing peso value  by the average annual peso/ US$ exchange rate.  
 Totals may not add up due to rounding.  
 Source: National Statistical Coordination Board (NSCB)