Table 29
Gross National Income (GNI) and Gross Domestic Product (GDP) by Industry1
at current prices; for periods indicated
	Item	2022	2023r	2024r
		Level (in million Philippine pesos)
	I. Agriculture, Forestry, and Fishing	2,104,090	2,285,564	2,401,999
	II. Industry Sector	6,436,935	6,855,847	7,324,052
	A. Mining and Quarrying	280,249	232,171	233,873
	B. Manufacturing	3,795,335	3,946,171	4,146,038
	C. Electricity, Steam, Water and Waste Management	746,104	844,196	897,049
	D. Construction	1,615,247	1,833,309	2,047,093
	III. Services Sector	13,487,251	15,172,152	16,720,319
	A. Wholesale and retail trade; repair       of motor vehicles and motorcycles	3,987,550	4,445,383	4,876,756
	B. Transportation and Storage	807,323	977,712	1,075,531
	C. Accommodation and Food Service Activities	396,144	510,209	585,957
	D. Information and Communication	696,022	732,461	768,823
	E. Financial and Insurance Activities	2,224,675	2,565,066	2,887,280
	F. Real Estate and Ownership of Dwellings	1,246,861	1,369,416	1,485,877
	G. Professional and Business Services	1,350,881	1,488,722	1,649,936
	H. Public administration and defense;       compulsory social activities	1,119,710	1,189,235	1,281,325
	I. Education	880,390	969,550	1,053,080
	J. Human Health and Social Work Activities	411,577	459,896	528,285
	K. Other Services	366,118	464,502	527,468
	Gross Domestic Product	22,028,276	24,313,563	26,446,369
	Net Primary Income from the Rest of the World	1,294,379	2,664,590	3,445,971
	Gross National Income	23,322,655	26,978,153	29,892,341
	Gross National Income (in million US dollars)2	428,113	484,954	521,766
	Per Capita  GNI (in US dollars)2	3,859	4,333	4,622
		Growth Rate (in percent)
	I. Agriculture, Forestry, and Fishing	7.7	8.6	5.1
	II. Industry Sector	14.8	6.5	6.8
	A. Mining and Quarrying	51.2	-17.2	0.7
	B. Manufacturing	10.8	4.0	5.1
	C. Electricity, Steam, Water and Waste Management	14.6	13.1	6.3
	D. Construction	19.9	13.5	11.7
	III. Services Sector	13.8	12.5	10.2
	A. Wholesale and retail trade; repair       of motor vehicles and motorcycles	13.8	11.5	9.7
	B. Transportation and Storage	33.4	21.1	10.0
	C. Accommodation and Food Service Activities	38.9	28.8	14.8
	D. Information and Communication	8.7	5.2	5.0
	E. Financial and Insurance Activities	13.3	15.3	12.6
	F. Real Estate and Ownership of Dwellings	9.4	9.8	8.5
	G. Professional and Business Services	10.5	10.2	10.8
	H. Public administration and defense;       compulsory social activities	9.0	6.2	7.7
	I. Education	10.5	10.1	8.6
	J. Human Health and Social Work Activities	6.7	11.7	14.9
	K. Other Services	30.3	26.9	13.6
	Gross Domestic Product	13.5	10.4	8.8
	Net Primary Income from the Rest of the World	87.5	105.9	29.3
	Gross National Income	16.0	15.7	10.8
	Gross National Income (in million US dollars)2	4.9	13.3	7.6
	1 The PSA released the Revised and Rebased to 2018 National Accounts of the Philippines (NAP) on 20 April 2020. The salient features of the revision and rebasing are as follows:  adoption of the 2008 System of National Accounts (SNA) recommendations and latest classification systems; inclusion of new industries and expenditure commodities;  and updating of the base year to 2018.
	2 Derived by dividing the peso value by the average Philippine peso per US dollar (PHP) for the corresponding period
	Details may not add up to total due to rounding.
	r revised
	. rounds off to zero
	Source: Philippine Statistics Authority
Table 29 (cont'd)
Gross National Income (GNI) and Gross Domestic Product (GDP) by Industry1
at current prices; for periods indicated
	Item	2022	2023r	2024r
		Percent to GNI
	I. Agriculture, Forestry, and Fishing	9.0	8.5	8.0
	II. Industry Sector	27.6	25.4	24.5
	A. Mining and Quarrying	1.2	0.9	0.8
	B. Manufacturing	16.3	14.6	13.9
	C. Electricity, Steam, Water and Waste Management	3.2	3.1	3.0
	D. Construction	6.9	6.8	6.8
	III. Services Sector	57.8	56.2	55.9
	A. Wholesale and retail trade; repair       of motor vehicles and motorcycles	17.1	16.5	16.3
	B. Transportation and Storage	3.5	3.6	3.6
	C. Accommodation and Food Service Activities	1.7	1.9	2.0
	D. Information and Communication	3.0	2.7	2.6
	E. Financial and Insurance Activities	9.5	9.5	9.7
	F. Real Estate and Ownership of Dwellings	5.3	5.1	5.0
	G. Professional and Business Services	5.8	5.5	5.5
	H. Public administration and defense;       compulsory social activities	4.8	4.4	4.3
	I. Education	3.8	3.6	3.5
	J. Human Health and Social Work Activities	1.8	1.7	1.8
	K. Other Services	1.6	1.7	1.8
	Gross Domestic Product	94.5	90.1	88.5
	Net Primary Income from the Rest of the World	5.5	9.9	11.5
	Gross National Income	100.0	100.0	100.0
		Percent to GDP
	I. Agriculture, Forestry, and Fishing	9.6	9.4	9.1
	II. Industry Sector	29.2	28.2	27.7
	A. Mining and Quarrying	1.3	1.0	0.9
	B. Manufacturing	17.2	16.2	15.7
	C. Electricity, Steam, Water and Waste Management	3.4	3.5	3.4
	D. Construction	7.3	7.5	7.7
	III. Services Sector	61.2	62.4	63.2
	A. Wholesale and retail trade; repair       of motor vehicles and motorcycles	18.1	18.3	18.4
	B. Transportation and Storage	3.7	4.0	4.1
	C. Accommodation and Food Service Activities	1.8	2.1	2.2
	D. Information and Communication	3.2	3.0	2.9
	E. Financial and Insurance Activities	10.1	10.5	10.9
	F. Real Estate and Ownership of Dwellings	5.7	5.6	5.6
	G. Professional and Business Services	6.1	6.1	6.2
	H. Public administration and defense;       compulsory social activities	5.1	4.9	4.8
	I. Education	4.0	4.0	4.0
	J. Human Health and Social Work Activities	1.9	1.9	2.0
	K. Other Services	1.7	1.9	2.0
	Gross Domestic Product	100.0	100.0	100.0
	1 The PSA released the Revised and Rebased to 2018 National Accounts of the Philippines (NAP) on 20 April 2020. The salient features of the revision and rebasing are as follows:  adoption of the 2008 System of National Accounts (SNA) recommendations and latest classification systems; inclusion of new industries and expenditure commodities;  and updating of the base year to 2018.
	2 Derived by dividing the peso value by the average Philippine peso per US dollar (PHP) for the corresponding period
	Details may not add up to total due to rounding.
	r revised
	. rounds off to zero
	Source: Philippine Statistics Authority