2nd Quarter 2017

Gross National Income & Gross Domestic Product

Gross Value Added in Agriculture, Hunting, Forestry and Fishing

 
The AHFF, which contributed 7.8 percent to total GDP, grew by 6.3 percent in the second quarter of 2017.  This contributed 0.5 percentage point to the 6.5 percent GDP growth in the second quarter of 2017.
 
Agriculture expands
 
The agriculture industry, which contributed 84.0 percent to the total AHFF sector, went up by 7.9 percent during the reference quarter.
 
The industry’s growth were contributed by the growth of subsectors led by Palay which grew by 11.7 percent; Corn, with 45.9 percent; Sugarcane, with 157.2 percent; Poultry with 8.3 percent; and Agriculture activities and services, with 4.5 percent growth.
 
Meanwhile, the growth was pulled down by the declines in: Mango, by 10.0 percent; Coffee, by 12.1 percent; and Livestock, by 1.4 percent.
 
Forestry recovers
 
Forestry grew by 32.2 percent in the second quarter of 2017 from a decline of 27.5 percent from the previous year.
 
Fishing contracts
 
Fishing, which contributed 15.3 percent to total AHFF, registered a 2.9 percent drop from previous year’s level. There were notable contractions from tiger prawn, roundscad and yellowfin tuna during the reference quarter. 
 
Tables:

National Accounts

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