Average growth of GNI was at 5.5 percent using 2018 base year
With the adoption of the 2018 base year in the National Accounts, Gross National Income (GNI) recorded an average growth of
In terms of contribution to GDP growth, Wholesale and retail trade; repair of motor vehicles and motorcycles topped the industries with an average contribution of
On the expenditure side, Household Final Consumption Expenditure (HFCE) was the main contributor to GDP growth with
Full tables on the revised and rebased National Accounts series (2018 base year) can be accessed at https://psa.gov.ph/national-accounts.
CLAIRE DENNIS S. MAPA, Ph.D.
National Statistician and Civil Registrar General