Non-financial Corporations still has the highest contribution to GDP in 2017

Reference No.: 2018-101
Release Date: 28 June 2018
Among the four institutional sectors of the Philippine Gross Domestic Product (GDP), Non-financial Corporations continued to account for the highest share at 50.4 percent in 2017. This was followed by Households including Non-profit Institutions Serving Households (NPISH) at 34.5 percent; Financial Corporations at 8.1 percent; and General Government at 6.9 percent.
 
In 2017, Net National Disposable Income amounted to Php 17.6 trillion at current prices, an increase of 9.2 percent from 2016. Household Final Consumption Expenditure and Government Final Consumption Expenditure amounted to Php 11.6 trillion and Php 1.8 trillion, respectively. With these, total Saving in 2017 was Php 4.2 trillion, higher by 9.8 percent compared with that in 2016.
 
The highest share in Saving came from Non-financial Corporations at 58.4 percent. This was followed by: Financial Corporations at 28.9 percent; General Government at 9.2 percent; and Households including NPISH at 3.5 percent.
 
This report came from the Consolidated Accounts and Income and Outlay Accounts compiled by the Philippine Statistics Authority (PSA) annually. The Consolidated Accounts present a summary of transactions and relationships among the various flows of the economy at current prices.  Included in this Accounts 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 NPISH.
 
The publication on the 2017 Consolidated Accounts and Income and Outlay Accounts contains the series for the period 2015 to 2017.
 
 
 
 
LISA GRACE S. BERSALES, Ph.D.
Undersecretary
National Statistician and Civil Registrar General
 

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