4th Quarter 2019

Gross National Income & Gross Domestic Product

Gross Value Added in Financial Intermediation

Financial Intermediation continues to grow

Financial intermediation services accelerated to 10.9 percent from the 6.3 percent growth recorded in the previous year.

All of the subsectors posted accelerated growths: Banking Institutions grew by 13.2 percent from 8.3 percent in the previous year; Non-Bank Financial Intermediation logged 11.2 percent growth. Meanwhile, Insurance and Activities Auxiliary to Financial Intermediation recorded 5.3 percent and 8.7 percent growth, respectively.