3rd Quarter 2021

Q3 2021 Seasonally Adjusted National Accounts (SANA)

Seasonally Adjusted Gross Domestic Product & Gross National Income

Gross Domestic Product (GDP) posted a quarter-on-quarter growth of  3.8 percent in the third quarter of 2021. Wholesale and retail trade; repair of motor vehicles and motorcycles, Transportation and storage, and Professional and business services were the top contributors to the growth.

Among the three major industries, only Services posted a positive quarter-on-quarter growth with 6.6 percent. Meanwhile, Agriculture, forestry, and fishing, and Industry posted declines of -0.7 percent and -0.3 percent in the third quarter of 2021, respectively.

Moreover, Gross National Income (GNI) posted quarter-on-quarter growth of 1.6 percent in the third quarter of 2021.
 

Household Final Consumption Expenditure

On the demand side, Household final consumption expenditure (HFCE) grew quarter-on-quarter by 7.0 percent in the third quarter of 2021. The top contributors to the growth were the following: Transport, Miscellaneous goods and services, and Health.
 

Agriculture, forestry, and fishing

Agriculture, forestry and fishing recorded a quarter-on-quarter decline of -0.7 percent in the third quarter of 2021. The top contributors to the decline were Corn, Other agricultural crops, and Support activities to agriculture, forestry, and fishing.

Industry

Industry quarter-on-quarter performance declined by -0.3 percent in the third quarter of 2021. Among the sub-industries, Construction, Mining and quarrying, and Manufacturing were the top contributors to the decline.

Services

Services posted a quarter-on-quarter growth of 6.6 percent in the third quarter of 2021. The top contributors to the growth were Wholesale and retail trade; repair of motor vehicles and motorcycles, Transportation and storage, and Professional and business services.

Tables:

Sectors - Previous Releases

Featured Video

Press Conference on the 2021 Third Quarter Performance of the Philippine Economy
Press Conference on the 2021 Third 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