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P erformance of the P hilippine E conomy

P erformance of the P hilippine E conomy. First Quarter 2011. Presented by DR. ROMULO A. VIROLA Secretary General. National Statistical Coordination Board 30 May 2011. Economic Performance (Growth rates, in percent). 8.4. 4.9. 11.5. 3.6. 21.2. 0.0.

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P erformance of the P hilippine E conomy

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  1. Performance of the Philippine Economy First Quarter 2011 Presented by DR. ROMULO A. VIROLA Secretary General National Statistical Coordination Board 30 May 2011

  2. Economic Performance(Growth rates, in percent) 8.4 4.9 11.5 3.6 21.2 0.0

  3. Seasonal Adjustment(Growth rates, in percent) 1.9 0.3 0.5 1.4 -0.1 1.2 1.9 0.9

  4. Confidence Intervalsfor theTrue Growth Rateof the Gross Domestic Product (GDP) 4.9 4.5 5.2 4.4 5.2 4.3 5.3

  5. Per Capita GDP, GNI, HFCE(Growth rates, in percent) 6.4 4.1 9.4 3.6 2.0 2.9 2.9 1.7 2.9

  6. Major Industries(Growth rates, in percent) -1.8 4.1 15.4 6.5 7.2 6.4 4.2 7.2 3.7

  7. Seasonal AdjustmentMajor Industries (Growth rates, in percent) 1.0 0.4 1.8 2.7 -1.8 2.1 1.5 1.5 -0.7 0.9 3.2 1.3

  8. Contributions to GDP Growth 0.5 2.3 2.1 4.9

  9. Agriculture, Hunting, Fishery & Forestry(Growth rates, in percent)

  10. Agriculture, Hunting, Fishery & Forestry(Contribution to Growth, in percentage point)

  11. 6.5 7.2 6.9 18.6 6.5 8.6 4.6 4.0 9.4 -0.4 Industry(Growth rates, in percent) 15.4 2.4 18.3 9.7 9.8

  12. 0.6 6.0 0.6 0.0 Industry(Contribution to Growth, in percentage point) 7.2

  13. Manufacturing(Contribution to Growth, in percentage point) 2.2 Radio, TV & Comm. Equip and Apparatus Food Manufactures 1.9 Misc. Manufactures Chemical & Chemical Products Petroleum & Other Fuel Products 1.0 0.9 0.7

  14. Manufacturing(Contribution to Growth, in percentage point) -0.3 Tobacco Manufactures Textile Manufactures Office Accounting & Computing Machinery Wood, bamboo, cane & rattan articles Publishing & Printing -0.1 0.0 0.0 0.0

  15. 6.4 3.7 1.4 5.5 5.0 0.8 5.4 13.6 9.4 5.9 -4.6 -0.8 8.7 6.8 Services(Growth rates, in percent) 7.2 -2.2 11.6 8.3 5.2 7.5 9.8

  16. 3.7 0.8 0.2 0.6 1.1 -0.4 1.3 Services(Contribution to Growth, in percentage point)

  17. IndicatorsSupporting Growth for 1st Quarter 2011

  18. IndicatorsSupporting Growth for 1st Quarter 2011

  19. IndicatorsSupporting Growth for 1st Quarter 2011

  20. Expenditure(Growth Rates, in percent)

  21. Expenditure(Contribution to Growth, in percentage point)

  22. Construction(Growth rates, in percent) 14.0 -13.7 24.6 11.4 7.2 9.7 -37.3 11.9 21.6

  23. Top 5 Exports of Goods(Growth rates, in percent) 22.5 Components/Devices (Semiconductors) Mango, Fresh or Dried 71.4 Sugar 40.2 Articles of Apparel & Clothing Accessories 10.9 Petroleum Products 123.4 11.5 0.4 0.2 0.0 0.0

  24. -12.2 Electronic Data Processing Other Prods. Manufactured from Materials on Consignment Basis -21.7 Automotive Electronics -43.5 Consumer Electronics -49.1 Communication/ Radar -32.0 Bottom 5 Exports of Goods(Growth rates, in percent) -1.1 -0.4 -0.4 -0.3 -0.2

  25. Top 5 Imports of Goods(Growth rates, in percent) Artificial Resins 41.1 Machinery & Mechanical Appliances Electrical Machinery Communication / Radar Metalliferous ores & metal scrap 14.6 31.5 171.6 49.9 0.8 0.7 0.7 0.4 0.4

  26. Bottom 5 Imports of Goods(Growth rates, in percent) -79.9 Cereals Mineral Fuels -8.3 Transport Equipment -8.2 Electronic Data Processing -25.0 Components /Devices (Semiconductors) -2.4 -3.3 -1.6 -0.6 -0.6 -0.5

  27. Net Primary Income 18.5 2.5 -3.9 -13.1 -21.1 1.4 17.7 2.2 -3.8 0.0 0.0 0.0 -5.0 -35.2 -18.8 -5.0 -18.8 -35.2 0.0 3.9 21.2

  28. OFW Details

  29. GDP Scenarios for Q1 2011

  30. Announcements 1. NSCB Releases Revised/Rebased National Accounts Estimates The annual estimates for 1998-2010 were officially released during the Dissemination Forum on the Revised/Rebased National Accounts of the Philippines conducted at Crowne Plaza Manila Galleria Hotel on 12 May 2011. The release of the quarterly estimates for 1998-2007 will be announced accordingly on our website. For inquiries, please contact, Mr. Raymundo J. Talento at telephone numbered 895-2481, and email address, rj.talento@nscb.gov.ph

  31. Announcements 2. Approved FDI plunges by 52.8 percent in Q1 2011 Total foreign direct investments (FDI) approved in the first quarter of 2011 by the four major investment promotion agencies (IPAs) amounted to PhP 22.0 billion, 52.8 percent lower than the FDI approved in Q1 2010. Despite the decrease in FDI, the combined approved investments of foreign and Filipino nationals reached 161.9 billion in the first quarter of 2011, up by 76.5 percent from last year’s PhP 91.8 billion. Filipino nationals more than made up for the decrease in FDI by committing PhP 139.9 billion in investments for Q1 2011, more than three times the PhP 45.1 billion committed a year ago.

  32. Announcements 3. NSCB RD XI Spearheads the Conduct of the 7th Mindanao Statistics Congress The NSCB Regional Division XI is spearheading the conduct of the 7th Mindanao Statistics Congress in coordination with the University of Mindanao (UM) and the Regional Development Council (RDC) XI-Regional Statistical Coordination Committee (RSCC) XI. The event which will be held on 18-19 August 2011 at the UM Auditorium will be conducted for the first time in Davao. The congress is being organized by the Philippine Statistical Association – Davao Region Chapter with the theme, Statistics: Tool for Sustainable Development in Mindanao. It will gather Mindanao’s finest statisticians, economists and other related professionals who are involved in statistics to share updates and new ideas that will promote the efficient use of statistics as a development tool. For inquiries, please contact Ms. Estrella R. Turingan of NSCB RD XI at telephone numbered (082) 227-6213 and email address, nscbxi@yahoo.com.

  33. Announcements 4. NSCB Opens Aklan Statistical Information Center The NSCB in cooperation with the Provincial Government of Aklan launched the latest satellite NSIC last 19 May 2011. This is the fifth provincial statistical information center established in Region 6, completing all the provincial NSICs in Western Visayas. There are now ten (10) NSICs in the country, one in Metro Manila, and nine in the regional centers. These NSICs operate as the public service arm of the NSCB and serves as a gateway to Philippine statistics of both local and international data users.

  34. Announcements 5. Call for entries to the 3rd NSM Media Awards The National Statistical Coordination Board (NSCB) is calling for entries to the 3rd National Statistics Month (NSM) Media Awards. This award recognizes the important role of media practitioners specifically reporters from broadcast (TV and radio) and print and online news service from both the government and private media organizations, who have made significant contributions in promoting, popularizing, and using statistics in information dissemination and other relevant purposes. Interested parties may contact the NSM Media Awards Secretariat at telephone numbered 890-9405 or e-mail address info@nscb.gov.ph or visit the website at http://www.nscb.gov.ph/nsm/MediaAwards.

  35. visit: www. nscb.gov.ph Thank you very much.

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