GDP remains at 7.0 percent for the Revised Q2 2016

Reference Number: 

2016-126

Release Date: 

Wednesday, November 16, 2016
 
The Philippine Statistics Authority reports that the Gross Domestic Product (GDP) for the Second Quarter of 2016 was maintained at 7.0 percent, with revisions however in some of the sectors. The top three contributors to the revision were Construction, Mining & Quarrying, and Financial Intermediation.
 
The Gross National Income (GNI) was revised to 6.7 percent, lower than the preliminary 6.8 percent growth. Net Primary Income from the Rest of the World was reduced to 5.0 percent, lower by 1.2 percent. Please see link below for the complete tables on the revisions.
 
The PSA revises the GDP estimates based on an approved revision policy which is consistent with international standard practices on national accounts revisions.
 
For more inquiries, please contact Assistant National Statistician Vivian R. Ilarina at telephone number 376-1996 or e-mail address v.ilarina@psa.gov.ph.
 
 

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