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 Philippine GDP Expands 4.6 Percent in 2002

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Philippine GDP Expands 4.6 Percent in 2002 Empty
PostSubject: Philippine GDP Expands 4.6 Percent in 2002   Philippine GDP Expands 4.6 Percent in 2002 Icon_minitimeFri Sep 16, 2011 10:45 am

The Philippine gross domestic product (GDP) grew 4.6 percent YoY in 2002. The gross national product (GNP) - the sum of GDP and income from overseas, posted an even more impressive annual growth rate of 5.2 percent in 2002, powered by a 15.5 percent increase in net factor income from abroad (NFIA).

The population grew by 2.12 percent from 80.08 million in December 2001 to 81.78 million in December 2002, per capita GDP increased by 2.4 percent while per capita GNP moved up by 3 percent. The per capita PCE also increased by 1.7 percent YoY.

For 2002, GNP was estimated at P4.233 trillion (approx. US$79 billion) at current prices while GDP was valued at P3.977 trillion (approx. US$74 billion). Total services were valued at P2.127 trillion (US$40 billion) while total industrial output was placed at P1.258 trillion (US$23.5 billion). Combined output of agriculture, fishery and forestry was estimated at P592 billion (US$11 billion).
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