Q2 2017 GDP revised upward at 6.7 percent

Posted: November 15, 2017

Gross Domestic Product (GDP) for the Second Quarter of 2017 was revised upward from 6.5 to 6.7 percent. The top three contributors to the upward revision were: Financial Intermediation; Construction; and Real Estate, Renting and Business Activities.

Net Primary Income from the Rest of the World had a downward revision of 7.0 percent from 8.6 percent. Gross National Income (GNI) was maintained at 6.8 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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