1st Quarter 2017

Gross National Income & Gross Domestic Product

Gross Value Added in Agriculture, Hunting, Forestry and Fishing (AHFF)

The AHFF, which shared 9.1 percent to total GDP recovered with 4.9 percent growth in the first quarter of 2017. This pushed GDP up by 0.5 percentage point during the quarter.

Agriculture rebounds

Agriculture industry which shared 84.9 percent to the whole AHFF sector grew by 5.7 percent in the first three (3) months of 2017. Growth in the industry was driven by the gains in Palay by 12.4 percent; Corn by 23.4 percent; Livestock by 3.2 percent; Agricultural activities and services by 5.1 percent; Other crops by 3.9 percent; Poultry by 1.9 percent; Banana by 2.5 percent; Pineapple by 3.8 percent; Sugarcane by 1.0 percent; Rubber by 17.8 percent; and Cassava by 1.5 percent from last year’s level. On the other hand, declines were noted in the following: Coconut by 2.3 percent; Mango by 7.8 percent; and Coffee by 10.5 percent from previous year.

Forestry declines

Forestry dropped by 18.0 percent in the first quarter as compared with its growth of 11.2 percent in the same quarter in 2016.

Fishing recovers

Fishing which shared 15.1 percent to total AHFF, made a turnaround and increased by 0.7 percent in the first quarter of 2017. Major growth contributors were: Tilapia, Skipjack, Yellowfin tuna and Seaweed.

Tables

National Accounts

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