In 2020, the country’s total Gross Saving reached
Among the factors of production, Gross operating surplus remained to record the highest contribution of
In the same year, the country’s Gross National Disposable Income was valued at
This report came from the Consolidated Accounts and Income and Outlay Accounts compiled by the Philippine Statistics Authority (PSA) annually, which are both at current prices. The Consolidated Accounts present a summary of transactions and relationships among the various flows of the economy at current prices. Included in this report are production, consumption, income, gross accumulation, and economic transactions with the rest of the world. On the other hand, the Income and Outlay Accounts are compiled for the four institutional sectors, namely, non-financial corporations, financial corporations, general government, and households including NPISHs.
Following the overall revision and rebasing of the National Accounts of the Philippines in 2020, the Consolidated Accounts and Income and Outlay Accounts also underwent the same exercise. This is to ensure consistency as well as to capture the changes in the economic landscape, and to utilize updated, additional, and comprehensive data in its compilation.
DENNIS S. MAPA, Ph.D.
National Statistician and Civil Registrar General
See more at the Consolidated Accounts and Income and Outlay Accounts page.