55  GROSS NATIONAL INCOME (GNI) BY EXPENDITURE SHARES                              
   2002 to First Quarter of 2008                                        
   at constant 2000 prices                                        
                                           
                                           
  First Semester  
                             Item 2003       2004     2005     2006     2007     2008     2009     2010   2010 2011    
  . H1 H1  
   
   Levels (in million pesos)  
   
   
   I.  Personal Consumption Expenditures 2,983,740 3,161,890 3,301,789 3,439,876 3,598,443 3,730,861 3,817,908 3,945,827 1,900,518 2,002,555  
   
   II.  General Government Consumption Expenditures 400,442 408,469 416,869 461,108 492,947 494,370 548,297 570,208 324,269 304,761  
   
   III.  Gross Domestic Capital Formation 938,864 917,875 945,024 802,113 798,328 984,810 899,333 1,183,650 536,759 643,092  
        A.  Fixed Capital Formation 844,773 862,985 883,344 930,966 979,749 1,010,616 992,947 1,182,206 588,396 607,308  
        B.  Changes in Inventories 94,091 54,889 61,680 -128,852 -181,421 -25,807 -93,614 1,444 -51,638 35,784  
        C.  Intellectual Property Products 19,217 22,494 22,246 24,192 23,139 21,808 24,087 24,785 10,096 10,637  
   
   IV.  Exports of Goods and Services 1,869,818 2,108,406 2,212,822 2,491,585 2,659,711 2,588,548 2,385,812 2,886,133 1,445,763 1,457,094  
   
   V.  Less: Imports of Goods and Non-Factor Services 2,184,395 2,319,697 2,395,226 2,478,452 2,521,141 2,561,488 2,354,109 2,884,280 1,411,280 1,516,049  
   
   VI.  Statistical Discrepancy 0 0 0 0 0 0 0 0 -9,598 5,868  
   
   Expenditures on Gross Domestic Product 4,008,469 4,276,941 4,481,279 4,716,231 5,028,288 5,237,101 5,297,240 5,701,539 2,786,431 2,897,321  
   
   Gross Domestic Product (Million U.S. Dollars) 1 90,702 96,777 101,401 106,717 113,778 118,503 119,864 129,012 63,050 65,559  
   
   Net Primary Income 904,163 985,406 1,148,645 1,195,082 1,247,725 1,352,909 1,691,527 1,859,847 951,637 936,116  
   
   Expenditures on Gross National Income 4,912,632 5,262,348 5,629,924 5,911,313 6,276,013 6,590,009 6,988,767 7,561,386 3,738,067 3,833,437  
   
   Gross National Income (Million U.S. Dollars) 1 111,161 119,074 127,392 133,759 142,011 149,116 158,139 171,096 84,584 86,742  
   
   
  Percent to GNI  
   
   I.  Personal Consumption Expenditures 60.74 60.09 58.65 58.19 57.34 56.61 54.63 52.18 50.84 52.24  
   II.  General Government Consumption Expenditures 8.15 7.76 7.40 7.80 7.85 7.50 7.85 7.54 8.67 7.95  
   III.  Gross Domestic Capital Formation 19.11 17.44 16.79 13.57 12.72 14.94 12.87 15.65 14.36 16.78  
        A.  Fixed Capital Formation 17.20 16.40 15.69 15.75 15.61 15.34 14.21 15.63 15.74 15.84  
        B.  Changes in Inventories 1.92 1.04 1.10 -2.18 -2.89 -0.39 -1.34 0.02 -1.38 0.93  
   IV.  Exports of Goods and Services 38.06 40.07 39.30 42.15 42.38 39.28 34.14 38.17 38.68 38.01  
   V.  Less: Imports of Goods and Non-Factor Services 44.46 44.08 42.54 41.93 40.17 38.87 33.68 38.14 37.75 39.55  
   VI.  Statistical Discrepancy 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.26 0.15  
   
   Expenditures on Gross Domestic Product 81.60 81.27 79.60 79.78 80.12 79.47 75.80 75.40 74.54 75.58  
   
   Net Primary Income 18.40 18.73 20.40 20.22 19.88 20.53 24.20 24.60 25.46 24.42  
   
   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 5.49 5.97 4.42 4.18 4.61 3.68 2.33 3.35 2.93 5.37  
   II.  General Government Consumption Expenditures 3.60 2.00 2.06 10.61 6.90 0.29 10.91 4.00 13.72 -6.02  
   III.  Gross Domestic Capital Formation -0.45 -2.24 2.96 -15.12 -0.47 23.36 -8.68 31.61 35.13 19.81  
        A.  Fixed Capital Formation 6.65 2.16 2.36 5.39 5.24 3.15 -1.75 19.06 22.80 3.21  
   IV.  Exports of Goods and Services 4.51 12.76 4.95 12.60 6.75 -2.68 -7.83 20.97 21.53 0.78  
   V.  Less: Imports of Goods and Non-Factor Services 2.63 6.19 3.26 3.47 1.72 1.60 -8.10 22.52 23.08 7.42  
   
   Expenditures on Gross Domestic Product 4.97 6.70 4.78 5.24 6.62 4.15 1.15 7.63 8.67 3.98  
   
   Net Primary Income 27.35 8.99 16.57 4.04 4.40 8.43 25.03 9.95 15.36 -1.63  
   
   Expenditures on Gross National Income 8.48 7.12 6.99 5.00 6.17 5.00 6.05 8.19 10.30 2.55  
   
   Gross National Income (Million U.S. Dollars)  8.48 7.12 6.99 5.00 6.17 5.00 6.05 8.19 10.30 2.55  
                                           
Note: Data on Real GDP and its components are based on 2000 prices.  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 at constant 2000 prices by Pesos/US$1 rate in 2000.  
  r Revised  
 *  Revised levels per NSCB, link series will be released later.  
 Totals may not add up due to rounding.  
 Source: National Statistical Coordination Board (NSCB)