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  
   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  
   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.  
 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)