1st Quarter

Gross National Income (GNI) grows at a slower pace

NPI reached a growth of 57.0 percent during the first quarter of 2024, bringing the GNI to increase by 9.7 percent. (Figures 10 and 11)

Relatedly, Compensation inflow from the rest of the world grew by 44.8 percent during the first quarter of 2024.

Figure 10. Gross National Income,
Q1 2021 to Q1 2024 Growth Rates, 
At Constant 2018 prices

Figure 10. Gross National Income, Q1 2021 to Q1 2024 Growth Rates, At Constant 2018 prices

Source: Philippine Statistics Authority

Figure 11. Net Primary Income,
Q1 2021 to Q1 2024 Growth Rates, 
At Constant 2018 prices

Figure 11. Net Primary Income, Q1 2021 to Q1 2024 Growth Rates, At Constant 2018 prices

Source: Philippine Statistics Authority

Videos

Press Conference on the 2024 First Quarter Performance of the Philippine Economy

Press Conference on the 2024 First Quarter Performance of the Philippine Economy

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Contact Information

Technical Inquiries

Mr. Mark C. Pascasio
(Chief Statistical Specialist)
Officer-in-Charge
Assistant National Statistician
Macroeconomic Accounts Service
m.pascasio@psa.gov.ph

Mr. Anthony B. Abalos
(Supervising Statistical Specialist)
Officer-In-Charge
Expenditure and Integrated Accounts Division
Macroeconomic Accounts Service


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Ms. Maria Belen B. Pecson
Librarian II
Knowledge Management and Communications Division
(632) 8462-6600 locals 820 or 823
info@psa.gov.ph