|Unit||Mil. PHP, NSA|
|Adjustments||Not Seasonally Adjusted|
|Industrial Production||Feb 2021||54.72||84.53||Vol. Index 2018=100, NSA||Monthly|
|Business Confidence||2020 Q4||10.6||-5.3||Index Number, NSA||Quarterly|
|Real Change in Inventories||2020 Q4||-35,683||-102,896||Mil. 2018 PHP, NSA||Quarterly|
|Change in Inventories||2019 Q4||-35,437||-70,157||Mil. PHP, NSA||Quarterly|
For the Philippines, the expenditure and output approaches to GDP. Includes gross value added by industry, in current- and constant-price terms. Quarterly from 1981.
The source writes (stale):
Gross domestic product refers to the value of all goods and services produced domestically; the sum of gross value added of all resident institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the values of their outputs).
Salient features of 1993 SNA
Gross Value Added (GVA)
Personal Consumption Expenditure
Government Consumption Expenditure
Gross Domestic Capital Formation
Expenditure on Gross Domestic Product
Compensation of Employees
Indirect Taxes - Subsidies
Net Operating Surplus
Gross Domestic Product
PCE - a true commodity flow approach is not feasible due to data limitations.
PCE = P + M - DS - FCF - GGCE - X - II
We produce sasonally adjusted counterparts to the reported series.
The updating of the Quarterly Accounts for each quarterly estimation round is limited to the immediately preceding quarter, and for the rest of the past quarters to be done only during the May round of estimates.
The above passages are quoted or paraphrased from the NSCB (National Statistical Coordination Board), a predecessor to the Philippines Statistics Authority. The PSA is the merger of four prior agencies.
At the source:
At IMF (SDDS):