The first quarter 2018 Gross Domestic Product (GDP) was revised to 6.6 percent from 6.8 percent. Major contributors to the downward revision were Other Services, Manufacturing, and Agriculture and Forestry.

 

Relatedly, Gross National Income (GNI) and Net Primary Income (NPI) from the Rest of the World (ROW) were revised to 6.3 percent and 5.0 percent from 6.4 percent and 4.3 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.

 

 

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