Q3 2017 GDP revised upward at 7.0 percent

Posted: January 19, 2018
Gross Domestic Product (GDP) for the Third Quarter of 2017 was revised upward from 6.9 percent to 7.0 percent. The top three contributors to the upward revision were: Manufacturing; Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods; and Mining & Quarrying.
 
Gross National Income (GNI) and Net Primary Income from the Rest of the World were likewise revised to 6.8 percent and 6.0 percent, respectively. These are higher than the corresponding preliminary growth of 6.7 percent and 5.7 percent.
 
The PSA revises the GDP estimates based on an approved revision policy (PSA Board Resolution No. 1, Series of 2017 – 053) which is consistent with international standard practices on national accounts revisions.
 
Please see the attachments below for the complete tables on the 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.
 
 
 
LISA GRACE S. BERSALES, Ph.D.
Undersecretary
National Statistician and Civil Registrar General
 

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