29 GROSS NATIONAL INCOME (GNI) AND GROSS DOMESTIC PRODUCT (GDP) BY INDUSTRY1          
    at current prices              
    for periods indicated              
                   
                   
              1st Quarter  
                            Item 2021 2022 2023   2023 2024  
                   
                   
      Level (in million Philippine pesos)  
                   
    I. Agriculture, Forestry, and Fishing 1,954,487 2,104,090 2,285,159   566,967 613,495  
                   
    II. Industry Sector 5,607,689 6,436,935 6,853,152   1,654,567 1,732,083  
    A. Mining and Quarrying 185,371 280,249 232,080   67,607 58,260  
    B. Manufacturing 3,424,049 3,795,335 3,943,987   1,029,664 1,079,142  
    C. Electricity, Steam, Water and Waste Management 650,961 746,104 844,360   218,219 226,329  
    D. Construction 1,347,309 1,615,247 1,832,725   339,078 368,352  
                   
    III. Services Sector 11,848,438 13,487,251 15,180,301   3,394,231 3,764,392  
    A. Wholesale and retail trade; repair
      of motor vehicles and motorcycles		 3,502,794 3,987,550 4,444,025   891,686 991,785  
    B. Transportation and Storage 605,204 807,323 977,399   230,298 250,012  
    C. Accommodation and Food Service Activities 285,187 396,144 511,146   138,608 165,158  
    D. Information and Communication 640,034 696,022 733,417   165,557 173,519  
    E. Financial and Insurance Activities 1,963,148 2,224,675 2,565,381   645,522 734,032  
    F. Real Estate and Ownership of Dwellings 1,139,221 1,246,861 1,370,154   328,193 353,765  
    G. Professional and Business Services 1,222,489 1,350,881 1,487,291   324,170 364,261  
    H. Public administration and defense;
      compulsory social activities		 1,027,079 1,119,710 1,188,487   217,539 231,865  
    I. Education 796,472 880,390 976,644   228,331 246,661  
    J. Human Health and Social Work Activities 385,750 411,577 460,645   105,015 117,636  
    K. Other Services 281,061 366,118 465,712   119,313 135,698  
                   
    Gross Domestic Product 19,410,614 22,028,276 24,318,611   5,615,765 6,109,970  
                   
    Net Primary Income from the Rest of the World 690,388 1,294,379 2,670,713   466,835 756,270  
                   
    Gross National Income 20,101,002 23,322,655 26,989,325   6,082,600 6,866,240  
                   
    Gross National Income (in million US dollars)2 408,104 428,113 485,155   110,882 122,694  
                   
    Per Capita  GNI (in US dollars)2,r 3,707 3,859 4,335   995 1,092  
                   
      Growth Rate (in percent)  
                   
    I. Agriculture, Forestry, and Fishing 6.9 7.7 8.6   13.4 8.2  
                   
    II. Industry Sector 10.0 14.8 6.5   11.6 4.7  
    A. Mining and Quarrying 35.2 51.2 -17.2   -5.4 -13.8  
    B. Manufacturing 8.0 10.8 3.9   9.3 4.8  
    C. Electricity, Steam, Water and Waste Management 6.5 14.6 13.2   20.6 3.7  
    D. Construction 14.2 19.9 13.5   17.4 8.6  
                   
    III. Services Sector 7.5 13.8 12.6   15.2 10.9  
    A. Wholesale and retail trade; repair
      of motor vehicles and motorcycles		 5.6 13.8 11.4   14.4 11.2  
    B. Transportation and Storage 9.8 33.4 21.1   29.8 8.6  
    C. Accommodation and Food Service Activities 12.7 38.9 29.0   38.3 19.2  
    D. Information and Communication 7.9 8.7 5.4   5.6 4.8  
    E. Financial and Insurance Activities 7.6 13.3 15.3   17.0 13.7  
    F. Real Estate and Ownership of Dwellings 5.3 9.4 9.9   10.4 7.8  
    G. Professional and Business Services 7.5 10.5 10.1   10.4 12.4  
    H. Public administration and defense;
      compulsory social activities		 8.0 9.0 6.1   5.6 6.6  
    I. Education 10.7 10.5 10.9   10.7 8.0  
    J. Human Health and Social Work Activities 18.6 6.7 11.9   12.2 12.0  
    K. Other Services 3.3 30.3 27.2   43.0 13.7  
                   
    Gross Domestic Product 8.1 13.5 10.4   13.9 8.8  
                   
    Net Primary Income from the Rest of the World -49.3 87.5 106.3   94.3 62.0  
                   
    Gross National Income 4.1 16.0 15.7   17.7 12.9  
                   
    Gross National Income (in million US dollars)2 4.9 4.9 13.3   10.5 10.7  
                   
                   
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            
r Revised              
  Details may not add up to totals due to rounding.              
                   
Source: Philippine Statistics Authority (PSA)              
                   
29 GROSS NATIONAL INCOME (GNI) AND GROSS DOMESTIC PRODUCT (GDP) BY INDUSTRY1 (CONT'D)        
    at current prices              
    for periods indicated              
                   
                   
              1st Quarter  
                            Item 2021 2022 2023   2023 2024  
                   
                   
      Percent to GNI  
                   
    I. Agriculture, Forestry, and Fishing 9.7 9.0 8.5   9.3 8.9  
                   
    II. Industry Sector 27.9 27.6 25.4   27.2 25.2  
    A. Mining and Quarrying 0.9 1.2 0.9   1.1 0.8  
    B. Manufacturing 17.0 16.3 14.6   16.9 15.7  
    C. Electricity, Steam, Water and Waste Management 3.2 3.2 3.1   3.6 3.3  
    D. Construction 6.7 6.9 6.8   5.6 5.4  
                   
    III. Services Sector 58.9 57.8 56.2   55.8 54.8  
    A. Wholesale and retail trade; repair
      of motor vehicles and motorcycles		 17.4 17.1 16.5   14.7 14.4  
    B. Transportation and Storage 3.0 3.5 3.6   3.8 3.6  
    C. Accommodation and Food Service Activities 1.4 1.7 1.9   2.3 2.4  
    D. Information and Communication 3.2 3.0 2.7   2.7 2.5  
    E. Financial and Insurance Activities 9.8 9.5 9.5   10.6 10.7  
    F. Real Estate and Ownership of Dwellings 5.7 5.3 5.1   5.4 5.2  
    G. Professional and Business Services 6.1 5.8 5.5   5.3 5.3  
    H. Public administration and defense;
      compulsory social activities		 5.1 4.8 4.4   3.6 3.4  
    I. Education 4.0 3.8 3.6   3.8 3.6  
    J. Human Health and Social Work Activities 1.9 1.8 1.7   1.7 1.7  
    K. Other Services 1.4 1.6 1.7   2.0 2.0  
                   
    Gross Domestic Product 96.6 94.5 90.1   92.3 89.0  
                   
    Net Primary Income from the Rest of the World 3.4 5.5 9.9   7.7 11.0  
                   
    Gross National Income 100.0 100.0 100.0   100.0 100.0  
                   
      Percent to GDP  
                   
    I. Agriculture, Forestry, and Fishing 10.1 9.6 9.4   10.1 10.0  
                   
    II. Industry Sector 28.9 29.2 28.2   29.5 28.3  
    A. Mining and Quarrying 1.0 1.3 1.0   1.2 1.0  
    B. Manufacturing 17.6 17.2 16.2   18.3 17.7  
    C. Electricity, Steam, Water and Waste Management 3.4 3.4 3.5   3.9 3.7  
    D. Construction 6.9 7.3 7.5   6.0 6.0  
                   
    III. Services Sector 61.0 61.2 62.4   60.4 61.6  
    A. Wholesale and retail trade; repair
      of motor vehicles and motorcycles		 18.0 18.1 18.3   15.9 16.2  
    B. Transportation and Storage 3.1 3.7 4.0   4.1 4.1  
    C. Accommodation and Food Service Activities 1.5 1.8 2.1   2.5 2.7  
    D. Information and Communication 3.3 3.2 3.0   2.9 2.8  
    E. Financial and Insurance Activities 10.1 10.1 10.5   11.5 12.0  
    F. Real Estate and Ownership of Dwellings 5.9 5.7 5.6   5.8 5.8  
    G. Professional and Business Services 6.3 6.1 6.1   5.8 6.0  
    H. Public administration and defense;
      compulsory social activities		 5.3 5.1 4.9   3.9 3.8  
    I. Education 4.1 4.0 4.0   4.1 4.0  
    J. Human Health and Social Work Activities 2.0 1.9 1.9   1.9 1.9  
    K. Other Services 1.4 1.7 1.9   2.1 2.2  
                   
    Gross Domestic Product 100.0 100.0 100.0   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 totals due to rounding.              
                   
Source: PSA