3rd Quarter 2017

Gross National Income & Gross Domestic Product

Gross Value Added in Agriculture, Hunting, Forestry and Fishing

The AHFF, which accounted for 7.9 percent to total GDP, expanded by 2.5 percent in the third quarter of 2017. The sector contributed 0.2 percentage point to the 6.9 percent GDP growth during period.
Agriculture increases
The Agriculture industry which contributed 82.1 percent to the total AHFF sector, grew by 3.7 percent in the third quarter of 2017. Contributing the most to the industry’s growth were: Palay, by 14.2 percent; Poultry, by 3.4 percent; Agricultural activities and services, by 3.2 percent; Banana, by 3.4 percent; Livestock, by 0.9 percent; Coconut, by 3.3 percent; and Sugarcane, by 63.3 percent.
On the other hand, the following subsectors pulled down the growth of Agriculture: Corn, by 2.7 percent; Mango, by 5.4 percent; Coffee, by 9.5 percent and Other crops, by 0.3 percent.
Forestry contracts
Forestry declined further in the third quarter of 2017 by 22.2 percent as compared with the 10.8 percent contraction in the previous year.
Fishing declines
Fishing, which contributed 17.9 percent to the total AHFF in the third quarter of 2017, declined by 2.6 percent. Contractions were recorded in Roundscad, Milkfish, Tilapia, and Others.

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