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Assignment in Applied Economics: Jason Recana Roxas 12 - ABM Efficient

The document summarizes GDP growth in the Philippines in the second quarter of 2018. It finds that the services sector contributed the most to GDP growth at 58.6%, followed by industry at 34% and agriculture at 7.4%. Within the manufacturing/industry sector, radio, television and communication equipment had the highest share of GDP growth, while footwear had the lowest. Within agriculture, palay and sugarcane declines reduced growth, while poultry and banana contributed most to growth. The services sector grew the fastest at 6.6%, driven by growth in public administration and defense.

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38 views

Assignment in Applied Economics: Jason Recana Roxas 12 - ABM Efficient

The document summarizes GDP growth in the Philippines in the second quarter of 2018. It finds that the services sector contributed the most to GDP growth at 58.6%, followed by industry at 34% and agriculture at 7.4%. Within the manufacturing/industry sector, radio, television and communication equipment had the highest share of GDP growth, while footwear had the lowest. Within agriculture, palay and sugarcane declines reduced growth, while poultry and banana contributed most to growth. The services sector grew the fastest at 6.6%, driven by growth in public administration and defense.

Uploaded by

Jason Recana
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Assignment

In
Applied Economics

Jason Recana Roxas


12 – ABM Efficient

Ms. Virgie V. Reyes


The Gross Domestic Product of the Philippines

GDP rate by Sector as of the 2nd Qtr. of 2018

7%

Agriculture Sector
34% Industry Sector
Manufacturing Sector
59%

From dti.gov.ph

Base on the given statistics of dti.gov.ph, the Philippine economy posted a 6.0% growth in
the second quarter of 2018, driven by the Services sector which posted the highest share to GDP
of 58.6%, followed by Industry (34.0%), and Agriculture, Hunting, Forestry and Fishing (7.4%).
Manufacturing/Industry Sector
Textile manufactures

Wearing apparel

Footwear and leather and leather


products
Wood, bamboo, cane and rattan
articles
Paper and paper products

Publishing and printing

3% Petroleum and other fuel products


1% 5% 1%
Chemical & chemical products
4% 2% 2%
3%
1% Rubber and plastic products

26% Non-metallic mineral products


11%

Basic metal industries

Fabricated metal products


18%
1%
4% 3%
3% Machinery and equipment except
electrical
2% 6% Office, accounting and computing
3% machinery
Electrical machinery and apparatus

Radio, television and communication


equipment and apparatus
Transport equipment

Furniture and fixtures

Miscellaneous manufactures

From psa.gov.ph
Base on the data that I have gathered, the radio, television and communication equipment and
apparatus has the highest rate or share to the GDP growth of the Manufacturing Sector. And on
the other hand, the footwear has the least amount of share the GDP Growth.
Agriculture Sector

Agriculture GDP contribution as of the 2nd


Qtr. Of 2018

Livestock
Agricultural Services

7% 3% 7% Banana
1%
5% Coconut
6%
4% Pineapple
2% 6% Rubber
and Other crops
5%
Poultry
5% Sugarcane
Palay
8%
41% Mango
Corn
Cassava
Coffee

From psa.gov.ph

According to the psa.gov, the Agriculture industry shared 84.0 percent to the total AHFF,
grew by 0.2 percent in the second quarter of 2018 as compared with the 8.0 percent growth in the
comparable period of 2017. Contributors to the growth in Agriculture were: Poultry, 5.1 percent;
Agricultural activities and services, 4.3 percent; Livestock, 1.8 percent; Banana, 3.7 percent;
Coconut including copra, 4.0 percent; Pineapple, 3.3 percent; Rubber, 2.9 percent; and Other
Crops, 0.1 percent. The declines in the following sectors pulled down the growth of Agriculture:
Sugarcane, 26.2 percent; Palay, 1.2 percent; Mango, 2.5 percent; Corn, 3.2 percent; Cassava, 0.7
percent; and Coffee, 4.2 percent.
Service Sector

GDP Contribution of Sevice Sector As of the


2nd Qtr. Of 2018

Transport, Storage and


Communication
13%
19%
Trade and Repair

Financial Intermidiation
8%
27% Real Estate Renting

Public Administration and Defense


20%

13% Other Services

From psa.gov.ph
As of my conclusion, among the major economic sectors in the second quarter of 2018,
Services grew the fastest at 6.6%, mainly attributed to Public Administration & Defense;
Compulsory Social Security sector which expanded by 15.0%. The Industry sector came in next,
followed by the Agriculture sector with 6.3% and 0.2%, respectively.

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