PH Saving grows by 4.4 percent in 2018

Reference No.: 2019-100
Release Date: 20 June 2019

The country’s total Saving was recorded at Php 4.4 trillion at current prices which grew by 4.4 percent in 2018.Total Saving

Among the four institutional sectors, the highest share in Saving came from Non-financial Corporations at 57.6 percent. This was followed by: Financial Corporations at 28.5 percent; General Government at 11.3 percent; and Households including Non-profit Institutions Serving Households (NPISH) at 2.6 percent. 

In terms of contribution to Gross Domestic Product (GDP), Non-financial Corporations continued to account for the highest share at 51.5 percent in 2018. This was followed by Households including NPISH at 32.7 percent; Financial Corporations at 8.3 percent; and General Government at 7.5 percent.

This report came from the Consolidated Accounts and Income and Outlay Accounts compiled by the Philippine Statistics Authority (PSA) annually. The Consolidated Accounts present a summary of transactions and relationships among the various flows of the economy at current prices.  Included in this report are production, consumption, income, gross accumulation, and economic transactions with the rest of the world. On the other hand, the Income and Outlay Accounts are compiled for the four institutional sectors, namely, non-financial corporations, financial corporations, general government, and households including NPISH.

The publication on the 2018 Consolidated Accounts and Income and Outlay Accounts contains the series for the period 2016 to 2018. Data series containing the years 2009 to 2018 is available in the PSA website as presented in this link: https://psa.gov.ph/ca-and-income-and-outlay-accounts/data-series

 

CLAIRE DENNIS S. MAPA, Ph.D.
Undersecretary
National Statistician and Civil Registrar General

 

 

CONSOLIDATED ACCOUNTS & INCOME & OUTLAY ACCOUNTS

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