2012 Q4 AFF Gross National Income & Gross Domestic Product by Industrial Origin

Year: 

2012

Quarter: 

4th Quarter

Sub-title: 

Gross Value Added in Agriculture, Hunting, Forestry and Fishing
Agriculture rebounds
 
The entire Agriculture sector, which accounts for about 9.3 percent of total GDP, contributed 0.6 percentage points to total GDP growth.  Palay topped the sector’s growth during the year, contributing 2.4 percentage points to the total growth of the Agriculture sector.  Other leading contributors were Fishing, Poultry and Sugarcane.
 
 
Palay, Poultry and Sugarcane major growth drivers for Agriculture
 
Palay became the major driver for Agriculture for the current quarter with a growth of 10.2 percent from a decline of 8.7 percent  This can be attributed to the expansion of harvest areas, yield improvement due to the sustained usage of hybrid and certified, sufficiency of irrigation and adequate fertilizers in Central Luzon, Cagayan Valley and Ilocos Region.
 
Corn rebounded by 1.6 percent from a decline of 9.7 percent. The growth can be attributed to the increased in harvest areas, availability of subsidized seeds from Local Government Units (LGUs) and lesser incidence of pests and diseases.
 
Sugarcane sustained its double digit growth with 18.9 percent from 24.4 percent.  Pineapple grew by 11.2 percent from 3.8 percent with increased area harvest, harvest of bigger fruits and lesser incidence of pests and diseases.  Other Crops and Mango rebounded to 2.4 percent and 2.3 percent from a decline of 7.3 percent and 2.2 percent, respectively, posted the previous year.  Meanwhile, Coconut including Copra and Rubber recorded meager growth of 0.7 percent and 0.5 percent from 2.2 percent and 11.6 percent.
 
On the other hand, Cassava declined by 0.1 percent from a growth of 5.0 percent recorded last year.  Likewise, Banana and Coffee maintained their declines with 3.0 percent and 3.1 percent from 0.3 percent and 4.2 percent, respectively.
 
Poultry sustained its growth by 4.3 percent from 5.3 percent due to the high demand for chicken meat and eggs and increased number of laying flocks.  Likewise, Livestock, grew by 1.7 percent from 3.3 percent with increased number of slaughtered animals in Ilocos Region, Central Luzon, Western and Central Visayas.
 
 
Forestry declines 
 
The forestry sector declined by 21.0 percent from a 2.5 percent growth posted last year.
 
Fishing rebounds
 
Fishing rebounded to 3.3 percent, the highest since the second quarter of 2009, from a decline of 4.8 percent.  The rebound can be attributed to the increased production by Commercial fisheries as a result of the lifting of tuna fishing ban and increased number of fishing days.  Increased production in Aquaculture due to high demand of milkfish and tilapia were also noted. 
 

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