2nd Quarter 2018

Gross National Income & Gross Domestic Product

Gross Value Added in Agriculture, Hunting, Forestry and Fishing

AHFF managed to grow by 0.2 percent in the second quarter of 2018, from higher 6.3 percent growth in the same period of the previous year. 
Agriculture decelerates 
The Agriculture industry, which shared 84.0 percent to the total AHFF, grew by 0.2 percent in the second quarter of 2018 as compared with the 8.0 percent growth in the comparable period of 2017.  Contributors to the growth in Agriculture were:  Poultry, 5.1 percent; Agricultural activities and services, 4.3 percent; Livestock, 1.8 percent; Banana, 3.7 percent; Coconut including copra, 4.0 percent; Pineapple, 3.3 percent; Rubber, 2.9 percent; and Other Crops, 0.1 percent.
The declines in the following sectors pulled down the growth of Agriculture:  Sugarcane, 26.2 percent; Palay, 1.2 percent; Mango, 2.5 percent; Corn, 3.2 percent; Cassava, 0.7 percent; and Coffee, 4.2 percent.
Forestry slows down
Forestry increased by 0.5 percent in the second quarter of 2018, but slower than the 25.8 percent growth in the previous year.
Fishing recovers
Fishing which accounted for 15.3 percent of the total AHFF inched up by 0.3 percent in the second quarter of 2018 from the decline of 2.7 percent in the previous year.  Growth recorded in Tilapia, Skipjack, Seaweed and Other fisheries contributed to the growth of Fishing during the period.



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