PSA Releases Annual Revisions of the National Accounts of the Philippines

Release Date: 

Thursday, April 8, 2021

The Philippine Statistics Authority (PSA) releases the revised estimates of the National Accounts of the Philippines for years 2019 and 2020; both quarterly and annual, by industry, and by expenditure.

Gross Domestic Product (GDP) for the fourth quarter of 2020 maintained its growth rate of -8.3 percent while annual growth rate of GDP for 2020 was revised downward from -9.5 percent to -9.6 percent.

Revisions on the estimates are based on the updated data submissions/releases by the data source agencies.  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.

Latest update on the National Accounts is available at

For more inquiries, please contact Assistant National Statistician Vivian R. Ilarina at telephone number 8376-1996 or e-mail address


National Statistician and Civil Registrar General


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