2nd Quarter 2022

Gross National Income & Gross Domestic Product

Household Final Consumption Expenditure (HFCE) continues to expand

HFCE grew by 8.6 percent in the second quarter of 2022. This was an improvement from the 7.3 percent growth registered in the same period of 2021. (Figure 5)

Food and non-alcoholic beverages, sharing 40.0 percent of the total household spending, grew by 5.8 percent and was the top contributor to the growth of HFCE. Other top contributors were the following: Transport, 25.7 percent; Restaurants and hotels, 32.3 percent; Housing, water, electricity, gas and other fuels, 7.0 percent; and Miscellaneous goods and services, 7.5 percent.

Among the HFCE items, only Health declined with -2.4 percent.

 

Figure 5. Household final consumption expenditure,
Q1 2020 to Q2 2022 Growth Rates, At constant 2018 prices

Sectors - Previous Releases

Featured Video

Press Conference on the 2022 Second Quarter Performance of the Philippine Economy
Press Conference on the 2022 Second Quarter Performance of the Philippine Economy

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Contact Information

Technical Inquiries

Ms. Vivian R. Ilarina
Assistant National Statistician
Macroeconomic Accounts Service
(632) 8376-1996
v.ilarina@psa.gov.ph

Mr. Mark C. Pascasio
Division Chief
Expenditure and Integrated Accounts Division
Macroeconomic Accounts Service
(632) 8376-1982
m.pascasio@psa.gov.ph

 

Publication Inquiries

Ms. Maria Belen B. Pecson
Librarian II
Knowledge Management and Communications Division
(632) 8462-6600 local 839
info@psa.gov.ph