42 GROSS NATIONAL INCOME (GNI) BY EXPENDITURE SHARES          
   2002 to First Quarter of 2008              
   at current prices              
   
   
   
                             Item     2011     2012     2013  
   
   
   Levels (in million pesos)  
   
   
   I.  Household Final Consumption Expenditures 7,132,581 7,837,881 8,455,783  
   
   II.  Government Final Consumption Expenditures 941,836 1,112,586 1,243,113  
   
   III.  Gross Domestic Capital Formation 1,985,897 1,950,524 2,243,714  
        A.  Fixed Capital Formation 1,817,187 2,047,957 2,332,663  
        B.  Changes in Inventories 168,710 -97,433 -88,949  
        C.  Intellectual Property Products 35,293 41,531 44,116  
   
   IV.  Exports of Goods and Services 3,103,018 3,254,460 3,332,196  
   
   V.  Less: Imports of Goods and Non-Factor Services 3,457,065 3,590,563 3,631,207  
   
   VI.  Statistical Discrepancy 0 0 -97,495  
   
   Expenditures on Gross Domestic Product 9,706,268 10,564,886 11,546,104  
   
   Gross Domestic Product (Million U.S. Dollars) 1 224,095 250,182 272,017  
   
   Net Primary Income 1,891,937 2,043,843 2,284,037  
   
   Expenditures on Gross National Income 11,598,205 12,608,730 13,830,140  
   
   
   
   Gross National Income (Million U.S. Dollars) 1 267,776 298,581 325,828  
   
   
  Percent to GNI  
   
   I.  Household Final Consumption Expenditures 61.50 62.16 61.14  
   II.  Government Final Consumption Expenditures 8.12 8.82 8.99  
   III.  Gross Domestic Capital Formation 17.12 15.47 16.22  
        A.  Fixed Capital Formation 15.67 16.24 16.87  
        B.  Changes in Inventories 1.45 -0.77 -0.64  
        C.  Intellectual Property Products 0.30 0.33 0.32  
   IV.  Exports of Goods and Services 26.75 25.81 24.09  
   V.  Less: Imports of Goods and Non-Factor Services 29.81 28.48 26.26  
   VI.  Statistical Discrepancy 0.00 0.00 -0.70  
   
   Expenditures on Gross Domestic Product 83.69 83.79 83.49  
   
   Net Primary Income 16.31 16.21 16.51  
   
   Expenditures on Gross National Income 100.00 100.00 100.00  
   
  Percent to GDP  
   
   I.  Household Final Consumption Expenditures 73.48 74.19 73.23  
   II.  Government Final Consumption Expenditures 9.70 10.53 10.77  
   III.  Gross Domestic Capital Formation 20.46 18.46 19.43  
        A.  Fixed Capital Formation 18.72 19.38 20.20  
        B.  Changes in Inventories 1.74 -0.92 -0.77  
        C.  Intellectual Property Products 2.76 2.83 2.82  
   IV.  Exports of Goods and Services 31.97 30.80 28.86  
   V.  Less: Imports of Goods and Non-Factor Services 35.62 33.99 31.45  
   VI.  Statistical Discrepancy 0.00 0.00 -0.84  
   
   Expenditures on Gross Domestic Product 100.00 100.00 100.00  
   
  Growth Rates in Percent  
   
   I.  Household Final Consumption Expenditures 10.72 9.89 7.88  
   II.  Government Final Consumption Expenditures 7.60 18.13 11.73  
   III.  Gross Domestic Capital Formation 7.38 -1.78 15.03  
        A.  Fixed Capital Formation -1.65 12.70 13.90  
        B.  Changes in Inventories 10235.97 -1.78 15.03  
        C.  Intellectual Property Products 9.17 12.70 13.90  
   IV.  Exports of Goods and Services -0.97 4.88 2.39  
   V.  Less: Imports of Goods and Non-Factor Services 4.86 3.86 1.13  
   
   Expenditures on Gross Domestic Product 7.81 8.85 9.29  
   
   Net Primary Income 2.32 8.03 11.75  
   
   Expenditures on Gross National Income 6.87 8.71 9.69  
   
   Gross National Income (Million U.S. Dollars)  11.30 11.50 9.13  
                 
 1 Derived by dividing peso value  by the average annual peso/ US$ exchange rate.              
   n.c. - not computed by the NSCB  
Notes:    
 The use of terminology Gross National Income (GNI) in place of Gross National Product (GNP) has been adopted in the revised/rebased Philippine System           
 of National Accounts (PSNA)  in accordance with the 1993/1998 System of National Accounts prescribed by the United Nations.  
 Totals may not add up due to rounding.  
Source: Philippine Statistics Authority (PSA) *  
* Republic Act No. 10625 (RA 10625) signed on 12 September 2013 mandated the reorganization of the Philippine Statistical System (PSS) and the creation of the PSA which merged the major statistical agencies engaged in primary data collection and compilation of secondary data, namely: National Statistics Office (NSO), National Statistical Coordination Board (NSCB), Bureau of Agricultural Statistics (BAS), and Bureau of Labor and Employment Statistics (BLES).