|Unit||Mil. PHP, NSA|
|Adjustments||Not Seasonally Adjusted|
|Government Consumption||2019 Q1||463,921||555,897||Mil. PHP, NSA||Quarterly|
|Investment||2019 Q1||1,168,389||1,248,263||Mil. PHP, NSA||Quarterly|
|Nominal Fixed Investment (gross fixed capital formation)||2019 Q1||1,129,297||1,244,510||Mil. PHP, NSA||Quarterly|
|Nominal Gross Domestic Product||2019 Q1||4,206,914||4,944,618||Mil. PHP, NSA||Quarterly|
|Private Consumption||2019 Q1||3,231,104||3,643,078||Mil. PHP, NSA||Quarterly|
|Real Government Consumption||2019 Q1||252,372||236,453||Mil. 2000 PHP, NSA||Quarterly|
|Real Gross Domestic Product||2019 Q1||2,257,007||2,494,033||Mil. 2000 PHP, NSA||Quarterly|
|Real Investment||2019 Q1||707,316||744,263||Mil. 2000 PHP, NSA||Quarterly|
|Real Private Consumption||2019 Q1||1,568,669||1,789,083||Mil. 2000 PHP, NSA||Quarterly|
|Real Fixed Investment (gross fixed capital formation)||2017||2,486,529,761,500||2,254,360,765,800||NCU||Annual|
For the Philippines, the expenditure and output approaches to GDP. Includes gross value added by industry, in current- and constant-price terms. Quarterly from 1998.
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
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.