53	GROSS NATIONAL INCOME (GNI) BY EXPENDITURE SHARES
	2002 to First Quarter of 2008
	at current prices
																		First Semester
	Item	2003		2004		2005		2006		2007		2008		2009		2010		2010	2011
						.												H1	H1
		Levels (in million pesos)
	I.  Personal Consumption Expenditures	3,381,616		3,814,889		4,259,131		4,677,986		5,064,463		5,739,592		5,993,427		6,442,033		3,091,560	3,398,659
	II.  General Government Consumption Expenditures	464,019		480,420		513,254		575,717		639,985		681,893		791,403		875,291		457,336	451,260
	III.  Gross Domestic Capital Formation	1,045,176		1,106,608		1,223,578		1,129,376		1,195,015		1,489,212		1,331,662		1,849,380		834,239	1,055,440
	A.  Fixed Capital Formation	941,008		1,041,608		1,129,938		1,261,934		1,371,618		1,518,168		1,526,098		1,847,748		935,957	952,060
	B.  Changes in Inventories	104,168		65,000		93,640		-132,558		-176,603		-28,955		-194,436		1,632		-101,719	103,380
	C.  Intellectual Property Products	22,624		26,860		26,644		26,863		28,255		27,199		30,069		32,328		14,500	14,651
	IV.  Exports of Goods and Services	2,144,751		2,487,131		2,619,543		2,920,983		2,981,846		2,849,943		2,587,015		3,133,508		1,522,592	1,513,138
	V.  Less: Imports of Goods and Non-Factor Services	2,487,460		2,768,613		2,937,757		3,032,905		2,988,588		3,039,737		2,677,363		3,296,732		1,605,934	1,787,569
	VI.  Statistical Discrepancy	0		0		0		0		0		0		0		0		-3,451	41,786
	Expenditures on Gross Domestic Product	4,548,102		5,120,435		5,677,750		6,271,157		6,892,721		7,720,903		8,026,143		9,003,480		4,296,341	4,672,713
	Gross Domestic Product (Million U.S. Dollars) 1	83,908		91,371		103,072		122,211		149,360		173,603		168,485		199,591		93,872	107,366
	Net Primary Income	1,022,821		1,184,673		1,472,565		1,611,931		1,741,410		2,055,282		2,626,323		2,992,597		1,515,490	1,540,981
	Expenditures on Gross National Income	5,570,923		6,305,108		7,150,315		7,883,088		8,634,132		9,776,185		10,652,466		11,996,077		5,811,830	6,213,694
	Gross National Income (Million U.S. Dollars) 1	102,778		112,511		129,804		153,624		187,095		219,815		223,617		265,931		126,985	142,774
		Percent to GNI
	I.  Personal Consumption Expenditures	60.70		60.50		59.57		59.34		58.66		58.71		56.26		53.70		53.19	54.70
	II.  General Government Consumption Expenditures	8.33		7.62		7.18		7.30		7.41		6.98		7.43		7.30		7.87	7.26
	III.  Gross Domestic Capital Formation	18.76		17.55		17.11		14.33		13.84		15.23		12.50		15.42		14.35	16.99
	A.  Fixed Capital Formation	16.89		16.52		15.80		16.01		15.89		15.53		14.33		15.40		16.10	15.32
	B.  Changes in Inventories	1.87		1.03		1.31		-1.68		-2.05		-0.30		-1.83		0.01		-1.75	1.66
	C.  Intellectual Property Products	0.41		0.43		0.37		0.34		0.33		0.28		0.28		0.27		0.25	0.24
	IV.  Exports of Goods and Services	38.50		39.45		36.64		37.05		34.54		29.15		24.29		26.12		26.20	24.35
	V.  Less: Imports of Goods and Non-Factor Services	44.65		43.91		41.09		38.47		34.61		31.09		25.13		27.48		27.63	28.77
	VI.  Statistical Discrepancy	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		-0.06	0.67
	Expenditures on Gross Domestic Product	81.64		81.21		79.41		79.55		79.83		78.98		75.35		75.05		73.92	75.20
	Net Primary Income	18.36		18.79		20.59		20.45		20.17		21.02		24.65		24.95		26.08	24.80
	Expenditures on Gross National Income	100.00		100.00		100.00		100.00		100.00		100.00		100.00		100.00		100.00	100.00
		Growth Rates in Percent
	I.  Personal Consumption Expenditures	9.00		12.81		11.64		9.83		8.26		13.33		4.42		7.48		7.18	9.93
	II.  General Government Consumption Expenditures	4.53		3.53		6.83		12.17		11.16		6.55		16.06		10.60		22.00	-1.33
	III.  Gross Domestic Capital Formation	1.73		5.88		10.57		-7.70		5.81		24.62		-10.58		38.88		44.31	26.52
	A.  Fixed Capital Formation	8.98		10.69		8.48		11.68		8.69		10.68		0.52		21.08		24.85	1.72
	B.  Changes in Inventories	-36.43		-37.60		44.06		-241.56		-33.23		83.60		-571.51		100.84		40.71	201.63
	C.  Intellectual Property Products	4.82		18.72		-0.80		0.82		5.18		-3.74		10.55		7.51		12.04	1.04
	IV.  Exports of Goods and Services	9.28		15.96		5.32		11.51		2.08		-4.42		-9.23		21.12		22.33	-0.62
	V.  Less: Imports of Goods and Non-Factor Services	6.39		11.30		6.11		3.24		-1.46		1.71		-11.92		23.13		23.38	11.31
	Expenditures on Gross Domestic Product	8.33		12.58		10.88		10.45		9.91		12.02		3.95		12.18		13.74	8.76
	Net Primary Income	30.99		15.82		24.30		9.46		8.03		18.02		27.78		13.95		19.62	1.68
	Expenditures on Gross National Income	11.88		13.18		13.41		10.25		9.53		13.23		8.96		12.61		15.21	6.91
	Gross National Income (Million U.S. Dollars)	6.52		9.47		15.37		18.35		21.79		17.49		1.73		18.92		20.37	12.43
Note:  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.
r Revised
*  Revised levels per NSCB, link series will be released later.
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)