GROSS NATIONAL PRODUCT (GNP) BY EXPENDITURE SHARES                  
    at 1985 constant prices                              
   
  First Quarter  
                             Item    2002   2003   2004   2005   2006   2007 2007 2008 #
   
   
  Levels (in million pesos)  
   
 
   I.  Personal Consumption Expenditures 810,785 853,598 903,814 947,506 999,728 1,058,176 241,363 253,653 #
   
   II.  General Government Consumption  Expenditures 72,526 74,419 75,455 77,198 85,208 92,293 22,539 22,304 #
  212,081 0 218,412 0 234,065 0 213,469 0 224,105 0 249,121 61,815 66,355  
   III.  Gross Domestic Capital Formation 212,081 218,412 234,065 213,469 224,105 249,121 61,815 66,356 #
        A.  Fixed Capital Formation 213,270 221,286 224,176 209,325 217,305 242,890 60,308 64,261 #
        B.  Increase in Stocks -1,189 -2,874 9,889 4,144 6,800 6,231 1,507 2,094 #
   
   IV.  Exports of Goods and Services 447,686 469,537 539,950 565,742 641,570 677,697 157,709 140,152 #
   
   V.  Less: Imports of Goods and Non- Factor Services 536,535 594,603 628,911 643,839 656,021 626,745 149,052 139,216 #
   
   VI.  Statistical Discrepancy 27,550 63,708 29,920 51,376 -17,718 -81,902 -13,558 -5,820 #
  1,034,093 0 1,085,071 0 1,154,293 0 1,211,452 0 1,276,872 0 1,368,640 320,816 337,429  
   Expenditures on Gross Domestic Product 1,034,094 1,085,072 1,154,295 1,211,452 1,276,873 1,368,641 320,816 337,430  
  1,034,093 1,085,071  
   Net Factor Income from the Rest  of the World 71,601 86,359 98,036 108,548 115,132 134,173 29,495 38,428 #
  1,105,695 0 1,171,431 0 1,252,331 0 1,320,000 0 1,392,005 0 1,502,814 350,311 375,858 #
   Expenditures on Gross National Product 1,105,695 1,171,431 1,252,331 1,320,000 1,392,005 1,502,814 350,312 375,858  
  1,105,695 1,171,431  
   Gross National Product (Million U.S. Dollars)  1 59,422 62,955 67,303 70,940 74,809 80,764 18,826 20,199 #
   
  Percent to GNP
   
   I.  Personal Consumption Expenditures 73.33 72.87 72.17 71.78 71.82 70.41 68.90 67.49  
   II.  General Government Consumption  Expenditures 6.56 6.35 6.03 5.85 6.12 6.14 6.43 5.93  
   III.  Gross Domestic Capital Formation 19.18 18.64 18.69 16.17 16.10 16.58 17.65 17.65  
        A.  Fixed Capital Formation 19.29 18.89 17.90 15.86 15.61 16.16 17.22 17.10  
        B.  Increase in Stocks -0.11 -0.25 0.79 0.31 0.49 0.41 0.43 0.56  
   IV.  Exports of Goods and Services 40.49 40.08 43.12 42.86 46.09 45.10 45.02 37.29  
   V.  Less: Imports of Goods and Non- Factor Services 48.52 50.76 50.22 48.78 47.13 41.70 42.55 37.04  
   VI.  Statistical Discrepancy 2.49 5.44 2.39 3.89 -1.27 -5.45 -3.87 -1.55  
   
   Expenditures on Gross Domestic Product 93.52 92.63 92.17 91.78 91.73 91.07 91.58 89.78  
   
   Net Factor Income from the Rest  of the World 6.48 7.37 7.83 8.22 8.27 8.93 8.42 10.22  
   
   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 4.08 5.28 5.88 4.83 5.51 5.85 5.89 5.09  
   II.  General Government Consumption  Expenditures -3.83 2.61 1.39 2.31 10.38 8.31 9.46 -1.04  
   III.  Gross Domestic Capital Formation -4.30 2.99 7.17 -8.80 4.98 11.16 8.67 7.35  
           Fixed Capital Formation 2.15 3.76 1.31 -6.62 3.81 11.77 10.31 6.55  
   IV.  Exports of Goods and Services 4.03 4.88 15.00 4.78 13.40 5.63 10.76 -11.13  
   V.  Less: Imports of Goods and Non- Factor Services 5.61 10.82 5.77 2.37 1.89 -4.46 -1.83 -6.60  
   
   Expenditures on Gross Domestic Product 4.45 4.93 6.38 4.95 5.40 7.19 6.97 5.18  
   
   Net Factor Income from the Rest  of the World 0.51 20.61 13.52 10.72 6.07 16.54 11.34 30.29  
   
   Expenditures on Gross National Product 4.18 5.95 6.91 5.40 5.45 7.96 7.32 7.29  
   
   Gross National Product (Million U.S. Dollars)  4.18 5.95 6.91 5.40 5.45 7.96 7.32 7.29  
                                 
 1 Derived by dividing peso value at constant 1985 prices by Pesos/US$1 rate in 1985.  
 Totals may not  add up due to rounding.  
 Source: National Statistical Coordination Board (NSCB)