4th Quarter 2017

Gross National Income & Gross Domestic Product

Gross Domestic Capital Formation

Private Construction weighs down Total Construction Investments
 
Investments in Construction grew by 2.9 percent in the fourth quarter of 2017, slower compared with the 9.3 percent growth in the previous year. Private Construction, which accounted for 74.9 percent of total construction investments, contracted by 2.9 percent compared with 6.9 percent growth in the same period in 2016. Meanwhile, Public Construction grew by 25.1 percent, faster compared with the 19.2 percent growth in 2016.
 
Investments in Durable Equipment relaxes
 
Investments in capital formation for Durable Equipment grew by 12.1 percent in the fourth quarter of 2017. This is slower than the 26.3 percent recorded in 2016. Increased investments were registered in thirteen (13) out of twenty (20) types of fixed asset investments.
 
The following subsectors contributed to the increase in investments: Road vehicles, 11.7 percent; Office miscellaneous durable equipment, 26.4 percent; Telecommunication & sound recording/producing equipment, 22.6 percent; Mining & construction machineries, 44.7 percent; and Office machines & data processing,  27.0 percent.
 
Meanwhile, the following subsectors contracted:  Air transport, negative 33.9 percent; Railway transport, negative 98.3 percent; Water transport, negative 68.5 percent; and Other special industrial machinery, negative 5.0 percent.
 
Investments in Breeding Stocks and Orchard Development (BSOD) decreases 
 
Capital formation for Breeding Stocks and Orchard Development grew by 2.5 percent during the fourth quarter of 2017, slower compared with the 3.7 percent growth in the previous year.
 
Intellectual Property Products (IPP) accelerates
 
Investments for Intellectual Property Products accelerated to 35.3 percent in the fourth quarter of 2017 compared with 29.0 percent recorded during the same period last year. The growth can be attributed to the increased investment in Computer Software and Databases.
 
Changes in Inventories records additions
 
Changes in Inventories recorded a total of PhP 12.2 billion additions in the fourth quarter of 2017 compared with the PhP 17.2 billion additions in the same period in 2016. The agriculture, crude and petroleum, and government posted additions in their inventories.
 

GROSS DOMESTIC CAPITAL FORMATION BY TYPE
4th Quarter 2016 and 
4th Quarter 2017
At Current Prices, in Million Pesos

TYPE OF EXPENDITURE Q4 2016 Q4 2017 Growth Rate (%)
Capital Formation 1,006,123 1,086,197 8.0
 A. Fixed Capital 982,668 1,066,525 8.5
  1. Construction 481,410 499,072 3.7
  2. Durable Equipment 422,377 470,389 11.4
  3. Breeding Stock & Orchard Dev't 56,872 67,663 19.0
  4. Intellectual Property Products 22,009 29,401 33.6
 B. Changes in Inventories 23,456 19,671  

 

GROSS DOMESTIC CAPITAL FORMATION BY TYPE
4th Quarter 2016 and 4th Quarter 2017
At Constant Prices, in Million Pesos

TYPE OF EXPENDITURE Q4 2016 Q4 2017 Growth Rate (%)
Capital Formation 640,930 693,776 8.2
 A. Fixed Capital 623,767 681,597 9.3
  1. Construction 220,299 226,644 2.9
  2. Durable Equipment 346,337 388,268 12.1
  3. Breeding Stock & Orchard Dev't 32,343 33,152 2.5
  4. Intellectual Property Products 24,788 33,532 35.3
 B. Changes in Inventories 17,163 12,180  

 

 

National Accounts

Press Releases

Sectors - Previous Releases

Infographic