GDP growth rate remains at 5.5 percent for Q2 2019

Release Date: 

Wednesday, November 6, 2019

Gross Domestic Product (GDP) growth rate for Q2 2019 remained unchanged at 5.5 percent although revisions were noted in some industries.

Changes in Transportation, Storage, and Communication (from 5.5 percent to 5.9 percent); Public Administration and Defense Compulsory Social Security (from 8.0 percent to 8.6 percent); and Agriculture and Forestry (from 0.1 percent to 0.4 percent) were recorded.

Net Primary Income (NPI) from the rest of the world and Gross National Income were revised down from 3.1 percent to 2.3 percent and from 5.1 percent to 5.0 percent, respectively.

The PSA revises the GDP estimates based on an approved revision policy (PSA Board Resolution No. 1, Series of 2017-053) which is consistent with international standard practices on national accounts revisions.

For more inquiries, please contact Assistant National Statistician Vivian R. Ilarina at telephone number 376-1996 or e-mail address v.ilarina@psa.gov.ph.

Links:
For the latest update on the National Accounts, see National Accounts of the Philippines Latest Estimates

Attachment: 

Reference Period: 

Revised Q2 2019 NAP