Philippines - A framework for economic recovery (Vol. 3 of 3) : Statistical appendix

Report No. 6350-PH The Philppines A Framework for Economic Recovery (In Three Volumes' Volume III: Statistical Appendix November 5, 1986 Country Programs Department East Asia and Pacific Rc-gion FOR OFFICIAL USE ONLY Document of the World Bank This report has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  FOR OMCIL USE ONLY STATISTICAL APPENDIX Table of Contents Table No. 1. POPULATION AND EMPLOYMENT Population Estimates of Census Years and Population Projections .......................................... 1.1 Labor Force, Employment, and Unemployment ......................... 1.2 Employment by Sector.......... ........ . , , , 1.3 2. NATIONAL ACCOUNTS Expenditure on GNP at Current Prices d. 2.1 Expenditure on GNP at Current Prices: Percent Distribution... 2.2 Expenditure on GNP at Constant 1972 Prices ooso.................. *2.3 Expenditure of GNP at Constant I972 Prices: Growth Rate s 2.4 Expenditure on GNP: Impl ice Indices ............ce... 2.5 Industrial riigin of GDP at Current Prices ....................... 2.6 Industrial Origin of GDP at Current Prices: Percent Distribution ............., v ............. 2.7 Industrial Origin of GDP at Constant 1972 Prices ..... 2.8 Industrial Origin of GDk' at Constant 1972 Prices: Growth Rates ... 2.9 Industrial Origin of GDP: Implicit Price Indices ................. 2.10 3. BALANCE OF PAYMENTS Balance of Payments Summary ...... .. .......... 3.1 Current Account: Services and Transfers....... .................. 3.2 Net International Reserves..o.... ..... ... ........ .. 3.3 Trade Indices .................... 3.4 Exports by Cormnodity Groups ................... ..... . 3.5 Volume and Unit Value of Principal Commodity Exports .............. 3.6 Principal Export M a r k e tso....................e..........t 3.7 Imports by Commodity Groups ................... 3.8 Imports of Capital Goods by Sector ............................... 3.9 Imports of Petroleum and Coat .......................* .......... 3.10 Principal Sources of Imports .......*........I. ..................... 3.11 Actual Current Account............. .................... 3.12 This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  -2- Table No. 4. EXTERNAL DEBT External Debt 0itstanding and Disbursed at End-Year, by Maturity and Borrower.............. ..... *...... 4.1 External Medium- and Long-Term Debt Transactions, by Type of Borrower ........................................... . 4.2 External Medium- and Long-Term Borrowings: Comitments, by Type of Borrower. ................................ * * * * * * * * * * * * 4.3 5. PUBLIC FINANCE Cash Operations of the National Government......, ................. 5.1 Distribution of National Government Cash Balances at Year-End ........... e 00* * * 0 * ** * ...*... ............ 5.2 National Government Expenditures by Function..................... 5.3 Transfer to Government Corporations and Local Governmcnt Units, by Function 1976-85... ...... .....s 5.3a National Government Current Expenditures o it own Account, by Function, 1976-85.0.00.0.0...... ...... . a * ....a.a.................. 0... 0 .0 0000 5.3b National Government Equity Contributions by Recipient (Cash Basis) 1978-85 ...................................0.0 00 000 5.4 Consolidated Revenues and Expenditures of Local Governments, Cassh Ba s is . .. .. . .. . . . . . *. *000t030*0#00a000090#*000090 0. 9. . ........... 5. Major Nonfinancial Government Corporations: Capital Expenditures by Sector .......... ....0 00....0so0...0 5.6 Major Nonfinancial Government Corporations: Internal Cash Generation by Sector .................**.**....................***....***00....00000.0 * 5.7 6. MONEY AND CREDIT The Monetary System at Year-End .....O..00*....... ......... ........... . 6.1 Reserve Money at Year-End.................................oooooo.. 6.2 Financial Sector: Loans and Investments Outstanding by Type of Institution.o.soossoo.o.oo .o..........*...00....0a0...000 6.3 Total Assets of the Financial System ............................... 6.4 Structure of Deposit of Commercial Banks......................... 6.5 Structure of Credits Granted by Commercial Banks - by Maturitysai by. Comercia.Bank .. by In .res Rat.......... 6.6 Credits Outstanding by Commercial Banks - by Interest Rate ...................................... 6.7  -3- Table No. Credits Outstanding by Commercial Banks - by Industry............. 6.8 Credits Outstanding by Financial Institutions by Maturity as of End of 1985 ............................................... 6.9 Deposits and Deposit Substitutes, Short- vs. Longer-Term Financial Savings ............. *. * , , , ............. 6.10 Interest Margin between Central Bank Rediscount and Lending Rates of Banks.......................... .. 6.11 7. AGRICULTURE Coconuts: Area, Production, Yield and Disposition................ 7.1 Sugar: Area, Yield, Quality Ratio, Production and Exports........ 7.2 Rice: Area, Yield, Supply, and Use............................... 7.3 Corn: Area, Yield, Supply, and Disappearance..................... 7.4 Minor Crops: Harvested Area, Production and Yields ..............., 7.5 Production of Selected Livestock and Fishery Product ............... 7.6 Forestry Products: Production and Exports........................ 7.7 Gross Value Added in Agriculture, Fishery and Forestry by Subsector in Current Prices.................................. 7.8 Gross Value Added in Agriculture, Fishery and Forestry by Subsector at Constant 1972 Prices ............................ 7.9 Agrarian Reform Program: Operation Land Transfer at Year-End ..... 7.10 Selected Agricultural Prices. ..... .. ...... . . . . . ......... . . . . . . .. . .. 7.11 Price Structure of Pesticides 1986................................ 7.12 Urea Price Structure - April 1986 ................................0. 7.13 Index of Real Peso Value of Selected Agricultural Commodities .... . 7.14 Average Import Price of Selected Fertilizers.000..0...00-... ...... 7.15 Fertilizer Consumptiono.o..o. .......ooo..o.......o...o.... o***...* 7.16 Principal Agricultural Imports, 1379-85.......................... . .... 7.17 8. MINING AND MANUFACTURING Mining Production, Volume of Major Productso< ................ooo 8.1 Major Mining Production, Value in Current Priceso,o.............. . 8.2 Gross Value Added in Manufacturing by Industry Group at Current Prices .... 0...*0*9**99*9*9o999@99e*, ......... 8.3 Gross Value Added in Manufacturing by Industry Group at Constant 1972 Prices..... ........ ........ 8.4  -4- Table No. 9. ENERGY Primary Energy by Source. ..................... . . .................. 9.*1 Petroleum Product Consumptiono * * * s g.e* **........... . . . . . . . . . . .o. .o.. 9.2 Energy Investment Program. ....................................... 9.3 Dependence of Energy Consumption on Imported Energy............... 9.4 Electricity Generation by ................................. g 9.5 10. SERVICES Tourism: Travel Receipts and Visitors by Country of Origin......9 10.1 11. PRICES AND WAGES Consumer Price Index for the Phiippines........................... 11.1 Wholesale Price Indices for Manila ..... 11.2 Retail Prices of Selected Commodities in Metro-Manila............. 11.3 Legislated Minimum Money and Real Daily Wage Rates ... ............. 1l.4 12. REGIONAL DATA Population by Region .................. *.o.#.oo.... o....... ..............a... 12.1 Cross Regional Product at Current Prices ..............0.......... * 12.2 Gross Regional Product at Constant Prices ........................... 12.3  Table 1.1: POPULATION ESTIMATES OF CENSUS YEARS AND POPULATION PROJECTIONS Year Population /a (in millions) Growth rate (% p.a.) Census 1948 19.2 3.0 1960 27.4 3.0 1970 36.8 2.8 1975 42.2 2.7 1980 48.3 Projection _b 1981 49.5 2.5 1982 50.8 2.5 1983 52.0 2.5 1984 53.3 2.5 1985 54.7 2.4 1986 56.0 2.4 1987 57.4 2.4 1988 58.7 2.4 1989 60.1 2.3 1990 61.5 2.3 1995 68.4 2.1 2000 75.2 1.9 /a Mid-year (July 1) estimates. 7W Preliminary projections, based on moderate fertility and mortality declines. Source: National Census and Statistics Office.  - 6 - Table 1.2: LABOR FORCt, EMPLOYMENT AND UNEMPLOYMENT Wokln-ogse Labor force poplation participation Labor force (in 'OOOc'_ U"'sploysent Survey date (in 'OOOc) ratce (2) Total Employed Uneup.oy.d rate (2) 1970-Censuc 20,822 55.5 11,566 10,734 832 7.2 March 1971 20,333 57.7 11,732 11,101 631 5.4 May 1971 20,511 59.6 12,223 11,624 599 4.7 August 1971 20,886 59.0 12,324 11,680 644 5.2 November 1971 21,073 59.8 12,607 11,931 676 5.4 February 1972 21,333 61.7 13,172 12,244 928 7.0 May 1972 21,343 61.6 13,140 12,176 961 7.3 August 1972 21,423 59.6 12,778 11,983 795 6.2 November 1972 21,839 58.0 12,657 11,961 698 5.5 February 1973 21,895 58.7 12,843 12,169 674 5.2 May 1973 22,372 58.2 13,016 12,407 609 1.7 August 1973 22,926 60.3 13,835 13,107 728 5.3 November 1973 23,081 59.9 13,824 13,141 683 4.9 February 1974 23,054 58.4 13,466 12,897 569 4.2 May 1974 23,014 60.9 14,024 13,324 700 5.0 August 1974 22,961 59.0 13,545 12,975 570 1.2 November 1974 22,880 59.3 13,564 13,117 447 3.3 February 1975 23,047 59.0 13,598 13,090 508 3.7 August 1975 23,772 60.7 14,434 13,795 639 4.4 August 1976 24,992 61.9 15,460 14,662 298 5.2 October 1976 24,837 59.5 14,776 16,883 935 6.3 October 1977 23,787 56.6 14,595 13,267 1,328 9.1 January 1978 26,048 57.2 14,903 13,763 1,140 7.6 April 1978 26,307 62.3 16,387 13,782 2,405 14.7 July 1978 26,587 61.6 16,368 15,011 1,357 8.3 October 1978 26,882 61.1 16,428 '5,256 1,172 7.1 January 1979p 27,169 63.1 17,135 15,920 1,215 7.1 October 1980 28,967 59.7 17,300 15,900 1,400 8.1 January 1981 29,155 62.5 18,214 16,538 1,676 9.2 October 1981 29,847 61.3 18,287 16,653 1,634 8.9 January 1982 30,079 60.1 18,682 16,883 1,799 9.5 October 1982 30,748 60.1 18,488 16,734 1,754 9.5 January 1983 30,978 63.5 19,676 17,697 1,979 10.1 April 1983 31,211 63.3 19,761 17,132 2,629 13.3 October 1983 31,676 63.6 20,159 i8,559 1,600 7.9 January 1984 31,908 63.8 20,363 18,475 1,888 9.3 April 1984 32,195 62.5 20,130 17,851 2,279 11.3 October 1984 32,679 63.5 20,756 18,550 2,206 10.6 January 1985 32,920 63.0 20,727 17,901 2,826 13.6 April 1985 33,163 63.0 20,902 18,000 2,902 13.9 July 1985 33,408 63.0 21,046 18,624 2,422 11.5 October 1985 33,646 63.4 21,329 18,967 2,362 11.1 January 1986 33,887 64.1 21,732 19,116 2,616 12.0 p - preliinary results. Note: Based on a "past-week" reference period. Source: National Census and Statistics Office.  -7 - Table 1.3: EMPLOYMENT BY SECTOR MTVousands of persons) Agriculture, Electri- Transport, fishery and Manufac- city, gas Construc- con. and Other Total forestry Mining turing and vater tion Commerce storage services /a employment 1970-Census 5,614 51 1,124 33 437 815 496 1,964 10,734 March 1971 5,287 49 1,398 55 416 1,358 526 2,012 i1,1n0 May 1971 5,686 55 1,430 58 465 1,459 517 1,954 11,624 August 1971 5,579 66 1,393 57 442 1,536 499 2,108 11,6RO November 1971 5,874 58 1,409 49 419 1,515 526 2,081 11,931 February 1972 6,294 57 1,446 40 426 1,525 489 1,967 12,244 May 1972 6,351 56 1,413 40 454 1,580 477 1,805 12,176 Autust 1972 6,330 54 1,2R6 43 402 1,458 502 1,908 11,983 November 1972 6,378 35 1,293 44 431 1,450 464 1,866 11,961 February 1973 6,397 72 1,327 14 474 1,469 47Q 1,917 12,164 May 1973 6,357 61 1,375 37 518 1,602 503 1,954 12,407 Auguist 1973 6,990 59 1,409 41 401 1,513 538 2,156 13,107 Noveber 1973 7,188 51 1,362 37 34, 1,499 499 2,156 13,141 February 1974 6,893 '2 1,427 36 355 1,497 503 2,134 12,897 May 1974 7,260 43 ',468 44 402 1,550 511 2,046 13,324 August 1974 7,005 42 1,355 15 411 1,512 518 2,097 12,975 November 1974 7,107 46 1,390 36 4005 1,518 489 2,131 13,117 February 1985 6,962 44 1,406 42 417 1 537 525 2,157 13,n90 August 1975 7,190 54 1,609 46 456 1,591 488 2,361 13,795 AuRust 1976 7,538 56 1,639 46 491 1,812 542 2, 39 14,662 Third quarter 1976 7,659 81 1,598 51 429 1,397 600 2,423 14,238 First quarter 1977 7,046 91 1,837 72 593 1,851 704 2,791 14,985 Third quarter 1977 7,474 52 1,515 42 484 1,355 681 2,731 14,314 Fourth quarter 1977 7,308 72 1,S61 56 492 1,3m4 654 2,746 14,323 First quarter 1978 7,315 72 1,665 53 519 1,458 692 2,814 14,588 Second quarter 1978 8,054 80 1,755 51 506 1,660 658 2,Q35 15,699 Third quarter 1978 8,403 61 1,743 49 516 1,626 696 3,n05 16,101 Fourth ouarter 1978 8,702 h7 1,916 55 480 1,745 6R1 3,n22 16,668 First quarter 1979 7,643 R,481/b 16,124 Second quarter 1979 7,953 8,7917F 16,744 Third quarter 1979 7,743 8 52471 16,267 Fourth quarter 1974 R,967 8,82 87F 17,795 Third quarter 1980 8,453 94 1,814 S8 588 1,660 732 3,035 16,434 Fourth quarter 1980 8,894 130 1,85n S5 600 1 7Q9 725 3,101 17,154 TFird quarter 1981 8,929 80 1,807 66 592 1,956 734 3,288 17,452 Fourth quarter 1981 9,171 91 1,78n 63 586 2,012 725 3,382 17,810 Third quarter 1982 8,919 75 1,741 5s 604 1,916 758 3,305 17,371 Fourth quarter 1982 9,696 78 1,R88 l6 h15 2,110 740 3,426 18,614 First quarter 1983 8,939 131 1,862 69 698 2,058 808 3,553 18,117 Third quarter 1983 9,880 102 1,887 78 697 2,197 831 3,540 19,212 Fourth quarter 1983 10,075 141 1,822 66 634 2,220 891 3,516 19,366 First quarter 1984 9,215 126 1,939 83 814 2,171 915 3,451 18,71S Third quarter 1984 9,740 138 1,931 81 759 2,437 874 3,673 19,o32 Fourth quarter 1984 9q,74 133 1,847 71 716 2,43R R81 1,577 19,368 First quarter 1985 9,433 136 1,717 70 707 2,433 347 3,599 19,144 Secon' quarter 1985 9,717 121 1,876 78 726 2,590 862 3,732 19,721 Third quarter 1985 9,698 128 1,922 73 6Pa 2,611 931 3,750 19,801 Fourth quarter 1985 10,085 129 1,926 ?9 678 2,650 913 3,867 20,327 /a Includes industry not reported. 71 Nonagricultural employuent. Note: Integrated Quarterly Survey of households was not conducted for the followinR quarters: 1976-Fourth; 1977- second; 1980-first and second. Source: National Census and Statistics Office (NC50*  Table 2.1: Expenditure On Gross National Product at Current Prices (Billion pesos) 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1986 r r r p.O. Consumption 45.3 54.5 76.1 87.3 100.3 117 135 164.8 199.3 231.7 263.7 297.7 440.3 528.4 Personal 40 48.2 67.2 76.2 87.1 102.6 118.8 146.6 178.1 206.9 234.5 268.2 404.7 485.9 General government 5.3 6.2 8.9 11.1 13.2 14.3 16.1 18.3 21.2 24.8 29.2 29.5 35.6 42.5 Gross domestic capital formation 10.9 14.6 25.1 33.8 42 44.4 51.3 67.7 81.2 93.3 96.5 102.5 100.8 96.6 Fixed capital formation 9.3 11.4 18.4 27.1 33.7 36.4 42.3 56.3 68 79.3 86 95.3 105.6 97.9 Construction 3.6 4.4 7.6 11.7 17.8 20.4 22.7 30.6 37.4 46 51.4 54.4 63.9 56.2 Go'vernment 1 1.4 2.9 4.4 8.3 9.5 10.6 14.5 16.3 20 22 19.8 20.1 18.7 Private 2.5 3 4.7 7.3 9.5 10.9 12.1 16.1 21 26 29.4 34.6 43.8 37.5 Durable equipLent 5.7 7 10.9 15.4 15.9 16 19.6 25.7 30.6 33.3 34.6 40.9 41.7 41.7 Increase in stocks 1.7 3.2 6.6 6.7 8-3 7.9 9 11.4 13.2 14 10.5 7.2 -4.8 -1.3 Exports of goods and nonfactor services 9.9 15.9 22.3 21.3 23.2 28.9 32.4 41.5 53.6 57.8 56.2 75.2 117.7 126.5 Imports of goods and nonfactor services -10.3 -13.4 -25.4 -29.1 -31.8 -34.8 -41.3 -53.6 -68.7 -74.4 -79.3 -101.1 -118.4 -108.5 Statistical discrepancy 0 8 0.7 1.5 1.4 1.6 -1.3 0.2 -2.9 -0.7 -3.2 3.5 9.6 -1 -33 Rxpenditure on gross domestic product 56.6 72.3 99.6 114.7 135.3 154.2 177.6 217.5 264.7 305.2 340.6 384.1 539.4 610 Net factor income from the rest of the world -0.5 -0.1 0.4 -0.3 -1.1 -1 -0.6 0.5 -0.1 -1.6 -5.2 -5.3 -13.1 -14.9 Expenditure on gross naticnal product _ t 72.2 100 114.4 134.2 153.2 177 218 264.6 303.6 335.4 378.8 528.3 595.1 r = Revised p.e. =Preliminary estimate Source: NEDA National Accounts Staff.  Table 2.2: Expenditure on Gross National Product at Current Prices: Percentage Distribution 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 r P.O. Corsumption 80.7 75.5 76.1 76.3 74.7 76.4 76.2 75.6 75.3 76.3 78.6 78.6 83.7 88.8 Personal 71.3 66.8 67.2 66.6 64.9 67.0 67.1 67.2 67.3 68.2 69.9 70.8 76.9 81.7 General government 9.4 8.6 8.9 9.7 9.8 9.4 9.1 8.4 8.0 8.2 8.7 7.8 6.8 7.1 Gross domestic capital formation 19.4 20,?' 25.1 29.6 31.3 29.0 29.0 31.0 30.7 30.7 28.8 27.1 19.2 16.2 Fixed capital formation 16.6 15.8 18.5 23.7 25.1 23.8 23.9 25.8 25.7 26.1 25.6 25.2 20.1 16.5 Construction 6.4 6.1 7.6 10.2 13.3 13.3 12.8 14.0 14.1 15.2 15.3 14.4 12.1 9.4 Government 1.8 1.9 2.9 3.8 6.2 6.2 6.0 6.6 6.2 6.6 6.6 5.2 3.8 3.1 Private 4.5 4.2 4.7 6.4 7.1 7.1 6.8 7.4 8.0 8.6 8.8 9.1 8.3 6.3 Durable equipment 10.1 9.7 10.9 13.5 11.8 10.5 11.1 11.8 11.6 11.0 10.3 10.8 7.9 7.0 Increase in stocks 3.0 4.4 6.6 5.9 6.2 5.2 5.1 5.2 5.0 4.6 3.1 1.9 -0.9 -0.2 Exports of goods and nonfactor services 17.6 22.1 22.3 18.6 17.3 18.9 18.3 19.0 20.3 19.0 16.7 19.9 22.4 21.3 ' Imports of goods and nonfactor services -18.5 -18.6 -25.4 -25.4 -23.7 -22.7 -23.3 -24.6 -26.0 -24.5 -23.6 -26.7 -22.5 -18.2 Statistical discrepancy 1.4 0.9 1.5 1.2 1.2 -0.8 0.1 -1.3 -0.3 -1.0 1.1 2.6 -0.2 -5.5 Expenditure on gross domestic product 100.9 100.1 99.6 100.3 100.8 100.7 100.3 99.8 100.0 100.5 101.6 101.4 102.5 102.5 Net factor income from the rest of the world -0.9 -0.1 0.4 -0.3 -0.8 -0.7 -0.3 0.2 0.0 -0.5 -1.6 -1.4 -2.5 -2.5 Expenditure on gross national product 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 r = Revised p.e.=Preliminary estimate Source: NEDA National Accounts Staff.  Table 2.3: Expenditure on Gross National Product at Constant 1972 Prices (Billion pesos) 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 r p.e. Consumption 45.3 48.2 51.1 53.8 56.3 58.9 f .8 64.7 67.6 70.2 72.7 74.1 74.3 74.4 Personal 40 42.3 44.4 46.5 48.8 51.4 54.1 56.7 59.3 61.6 63.5 65.4 66 68.2 General government 5.3 5.9 6.7 7-3 7.4 7.5 7.7 8 8.3 8.6 9.1 8.7 8.3 8.2 Gross domestic capital formation 10.9 12.1 14.8 18.3 21.1 21.1 22.9 25.5 26.6 27.2 26.3 24.9 15.9 12.5 Fixed capital formation 9.3 9.5 11.4 15 17.2 17.6 19 21.3 22.7 23.5 23.7 23 16.6 12.7 Construction 3.6 3.7 4 6.2 8.7 9.2 9.4 10.5 11.1 12 12.5 11.9 9.5 6.9 Government 1 1.2 1.5 2.3 4 4.3 4.4 5 4.9 5.2 5.4 4.3 3 2.3 Private 2.5 2.5 2.5 3.9 4.6 4.9 5 5.5 6.3 6.8 7.2 7.6 6.5 4.6 Durable equipment 5.7 5.9 7.4 8.8 8.6 8.3 9.6 10.7 11.6 11.5 11.2 11.1 7.1 5.8 [ncrease in stocks 1.7 2.5 3.5 3.3 3.9 3.6 3.9 4.2 3.9 3.7 2 6 1.9 -0.7 -0.2 Exports of goods and nonfactor services 9.9 11.3 10.1 10 2 12.1 14.1 14.7 15.7 17.7 17.9 17.7 19.3 20.8 19.3 o Imports of goods and nonfactor services -10.3 -10.7 -12.5 -13.3 -13.4 -14.3 -16.1 -18.8 -19.4 -18.9 -19 5 -21.8 -18.2 -14 Statistical discrepancy 0.8 0.4 0.8 -0.5 -2.2 -1.4 -0.5 0.9 0.1 -0.3 1.9 3.4 1.4 -1.8 Expenditure on gross domestic product 56.5 61.3 34.5 68.5 73.9 78.5 82.8 88 92.6 96.2 99 99.9 94.2 90.4 Net factor income from the rest of the world -0.5 -0.1 0.2 -0.2 -0.6 -0.5 -0.3 0.2 0 -0.5 -1.5 -1.3 -2.3 -2 Expenditure on gross national product 55.9 61.2 64.6 68.4 73.3 78 82.5 88.2 92.6 95.7 97.5 98.6 91.9 88.4 r = Revised P. e.=Preliminary estimate Source: NIDA National Accounts Staff.  Table 2.4: EXPENDITURE ON GROISS NATIONAL PRODUCT AT CONSTANT 1972 PRICES: GROWrH RATES (Percent) 1973 1974 1975 1976 1977 1976 '979 1980 1981 1982 1983 1984 1985 r p.O. Consumption 6.5 6.1 5.2 4.6 4.7 4.9 4.7 4.4 3.9 3.5 1.9 0.3 0.1 Personal 5.8 5.0 4.7 4.9 5.3 5.3 4.8 4.6 3.9 3.1 3.0 0.9 0.3 General government 11.3 13.6 9.0 1.4 1.4 2.7 3.9 3.8 3.6 5.8 -4.4 -4.6 -1.2 Gross domestic capital formation 10.9 22.9 23.5 15.4 -0.1 8.6 11.2 4.4 2.3 -3.3 -5.3 -36.1 -21.4 FlAed capital formation 2.2 20.0 31.6 14.7 2.3 8.0 12.1 6.6 3.5 0.9 -3.0 -27.8 -23.5 Construction 2.8 8.1 55.0 40.3 5.7 2.2 11.7 5.7 8.1 4.2 -4.8 -20.2 -27.4 Government 20.0 25.0 53.3 73.9 7.5 2.3 13.6 -2.0 6.1 3.8 -20.4 -30.2 -23.3 Private 0.0 0.0 56.0 17.9 6.5 2.0 10.0 14.5 7.9 5.9 5.6 -14.5 -29.2 Durable equipment 3.5 25.4 18.9 -2.3 -3.5 15.7 11.5 8.4 -0.9 -2.6 -0.9 -36.0 -18.3 Increase in stocks 47.1 40.0 -5.7 18.2 -7.7 8.3 7.7 -7.1 -5.1 -29.7 -26.9 -136.8 -71.4 Exports of goods and nonfactor services 14.1 -10.6 1.0 18.6 16.5 4.3 6.8 12.7 1.1 -1.1 9.0 7.8 -7-2 Imports of goods and nonfactor services 3.9 16.8 6.4 0.8 6.7 12.6 16.8 3.2 -2.6 3.2 11.8 -16.5 -23.1 Expenditure on gross domestic product 8.5 5.0 6.6 7.9 6.1 5.5 6.3 5.3 3.9 2.9 0.9 -5.7 -1.0 Expenditure on gross national product 9.3 5.6 6.0 7.2 6.3 5.8 6.9 5.0 3.4 1.9 1.1 -6.8 -3.8 r = Revised p.e.=Prellminary estimate f = Forecast Source: NEDA National Accounts Staff.  Table 2.5: EXPENDITURE ON GROSS NATIONAL PRODUCT. IMPLICIT INDICES (1972 = 100) 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 r P.O. Consumption 100.0 113.0 148.9 162.3 178.3 198.6 218.4 254.7 295.0 330.0 362.8 401.8 592.6 710.2 Personal 100.0 113.9 151.4 163.9 178.5 199.6 219.6 258.6 300.3 335.9 369.3 410.1 613.2 734.0 General v'z.-ernment 100.0 105.1 132.8 152-1 178.4 190.7 209.1 228.8 255.4 288.4 320.9 339.1 428.9 518.3 Gross domestic capital formation 100.0 121.2 168.9 184.7 198.7 210.1 224.0 265.5 305.0 342.6 367.5 417.2 634.0 772.8 Fixed capital formation 100.0 120.0 161.4 180.7 195.9 206.8 222.6 264.3 299.6 337.4 362.9 414.3 636.1 770.9 Construction 100.0 118.9 190.0 188.7 204.6 221.7 241.5 291.4 336.9 383.3 411.2 457.1 672.6 814.5 Government 100.0 116.7 193.3 191.3 207.5 220.9 240.9 290.0 332.7 384.A 407.4 460.5 670.0 813.0 Private 100.0 120.0 188.0 187.2 206.5 222.4 242.0 292.7 333.3 382.4 408.3 455.3 673.8 815.2 Durable equipment 100.0 118.6 147.3 175.0 184.9 192.8 204.2 240.2 263.8 289.6 308.9 368.5 587.3 719.0 Increase In stocks 100.0 128.0 188.6 203-0 212.8 219.4 230.8 271.4 338.5 378.4 403.8 378.9 685.7 650.0 Exports of goods ar- nonfactor services 100.0 140.7 220.8 208.8 191.7 205.0 220.4 264.3 302.8 322.9 317.5 389.6 565.9 655.4 9 Imports of g,odi and nonfactor eervi-es 100.0 125.2 203.2 218.8 237.3 243.4 256.5 285.1 354.1 393.7 406.7 463.8 650.5 775.0 Expenditure on gross domestic product 100.2 118.1 154.7 167.3 183.0 196.5 214.5 247.3 265.7 317.3 344.0 384.5 572.6 674.8 Expenditure on gross nationnl product 100.4 118.1 154.7 167.3 183.0 196.4 214.6 247.3 285.7 317.2 343.9 384.2 572.7 673.2 r = Revised p.e. =Preliminary estimate Source: NEDA National Accounts Staff.  Table 2.6: Industrial Origin of Gross Domestic Product at Current Prices (Billion pesos) 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1965 r p.e. Agriculture, fishery and foresty 16.1 21.2 29.6 33.2 37.6 42 47.4 55.5 61.8 69.4 76.7 84.5 139.5 161.4 Industry 18.1 23.9 32.8 38.1 46.1 53.1 61.3 76.9 96.7 111.6 122.5 138.2 185.2 199.6 Mining & quarry'-ng 1.3 2.4 3.1 2 2.1 2.5 3.3 5.8 8.1 6.8 6.1 7 9.7 13.7 Manufacturing 14 18.2 24.3 28.2 32.9 37.4 43.7 52.1 64.6 75.2 83.1 95.2 137.2 150.5 Construction 2.2 2.8 4.6 6.8 9.8 11.8 12.6 16.9 21.3 26.3 29.3 30.7 31.2 26.7 Electricity, gas, water 0.5 0.6 0.9 1.1 1.2 1.4 1.7 2.1 2.8 3.3 4 5.3 7.1 8.7 Services 22.3 27.2 37.1 43.4 51.6 59.1 69 85.1 106.2 124.3 141.3 161.4 214.7 249 Transport, communication & storage 2.7 3.5 4.8 5.8 7.3 8.4 9.9 12.4 16.4 19.6 21.4 24.4 33.8 38.2 Trade 7.5 9.5 13.9 15.8 18.8 22.3 26.4 33.5 42.1 49.8 56.4 66.1 99.7 118.4 Finance & Housing 4.5 5.7 7.6 9.1 10.4 11.7 13.6 16.6 20.6 22.6 26.1 30 31.1 32.7 Other services 7 5 8.5 10.7 12.7 15.1 16.8 19.1 22.6 27.1 32.3 37.4 40.9 50.1 39.7 GDP at market prices 56.5 72.3 99.5 114.7 135.3 154.2 177.7 217.5 264.7 305.3 340.5 384.1 539.4 610 Net factor income from the rest of the world -0.5 -0.1 -0.4 -0.3 -1.1 -1 -0.6 0.5 -0.1 -1.6 -5.2 -5.3 -13.1 -14.9 GNP at market prices 55.9 72.2 99.9 114.4 134.2 153.3 177 218 264.6 303.7 335.3 378.8 526.3 595.1 r - Revised pe. =Preliminary estimate Source: NEDA National Accounts Staff.  Table 2.7: INDUSTRIAL ORIGIN OF GROSS DOMESTIC PRODUCT AT CURRENT PRICES: PERCENT DISTRIBUTION 1972 1973 1974 1975 1976 1977 1378 1979 1980 1981 1982 1983 1984 1985 r p.O. Agriculture, fishery and foresty 28.8 29.4 29.6 29.0 28.0 27.4 26.8 25.5 23.4 22.9 22.9 22.3 26.5 27.1 Industry 32.4 33.1 32.8 33.3 34.4 34.6 34.6 35.3 36.5 36.7 36.5 36.5 35.2 33.5 Mining & quarrying 2.3 3.3 3.1 1.7 1.6 1.6 1.9 2.7 3.1 2.2 1.8 1.8 1.8 2.3 Manufacturing 25.0 25.2 24.3 24.7 24.5 24.4 24.7 23.9 24.4 24.8 24.8 25.1 26.1 25.3 Construction 3.9 3.9 4.6 5.9 7.3 7.7 7.1 7.8 8.0 8.7 8.7 8.1 5.9 4.5 Electricity, gas, water 0.9 0.8 0.9 1.0 0.9 0.9 1.0 1.0 1.1 1.1 1.2 1.4 1.3 1.5 Services 39.8 37.7 37.1 37.9 38.4 38.6 39.0 39.0 40.1 40.9 42.1 42.6 40.8 41.8 Transport, communication & storage 4.8 4.8 4.8 5.1 5.4 5.5 5.6 5.7 6.2 6.5 6.4 6.4 6.4 6.4 Trade 13.4 13.2 13.9 13.8 14.0 14.5 14.9 15.4 15.9 16.4 16.8 17.4 18.9 19.9 Finance & Housing 8.1 7.9 7.6 8.0 7.7 7.6 7.7 7.6 7.8 7.4 7.8 7.9 5.9 5.5 Other services 13.4 11.8 10.7 11.1 11.3 11.0 10.8 10.4 10.2 10.6 11.2 10.8 9.5 10.0 GDP at market prices 100.9 100.2 99.6 100.2 100.8 100.6 100.4 99.8 100.0 100.5 101.5 101.4 102.5 102.5 Net factor income from the rest of the world -0.9 -0.1 -0.4 -0.3 -0.8 -0.7 -0.3 0.2 0.0 -0.5 -1.6 -1.4 -2.5 -2.5 GNP at market prices 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 r = Revised p e.=Preliminary estimate Source: NEDA National Accounts Staff.  Table 2.8: Industrial Origin of Gross Domestire ?roduct at Constant 1972 Prices (Billion pesos) 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 r p.e. Agriculture, fishery and foresty 16.1 17.1 17-6 18.3 19.8 2u.8 21.6 22.6 23.7 24.6 25.4 24.9 25.4 26 Industry 18.1 20.3 21.5 23.3 25.7 27.9 29.6 32 33.5 35 35.7 35.9 32.2 28.9 Mining & quarrying 1.3 1-4 1.4 1.4 1.5 1.7 1.8 2.1 2.2 2.2 2 1.9 1.8 1.8 Manufacturing 14 16 16.7 17.3 18.3 19.7 21.1 22.2 23.2 24 24.5 25.1 23.3 21.6 Construction 2.2 2.4 2.7 4 5.3 5.8 5.9 6.8 7.1 7.8 8.1 7.7 5.9 4.3 Electricity, gas, water 0.5 0.5 0.6 0.6 0.7 0.7 0.8 0.8 0 9 1 1.1 1.2 1.2 1.2 Services 22.3 23.8 25.3 26.9 28.4 29.8 31.5 33 4 35.4 36.6 37.9 39.1 36.6 35.5 Transport, communication & storage 2.7 3 3.3 3.6 4 4.2 4.5 4.6 4.8 5 5.2 5.3 5 4.9 Trade 7.5 8 8.5 8.8 9.3 10 10.7 11.5 12.2 12.7 13.1 13.9 14.1 14 Finance & Housing 4.5 4.7 4.9 5.4 5.7 5.9 6.2 6.6 7.1 7 7.3 7.6 5.5 4.9 Other services 7.5 8.1 8.7 9.1 9.4 9.7 10.2 10.7 11.3 11.9 12.4 12.3 12 11.7 GDP at market prices 56 5 61.3 64.3 68.5 73.9 78.5 82.8 88 92.6 96.2 99 99.9 94.2 90.4 Net factor income from the rest of the world -0.5 -0.1 0.2 -0.2 -0.6 -0.5 -0.3 0.2 0 -0.5 -1.5 -1.3 -2.3 -2 GNP at market prices 55.9 61.1 64.5 68.4 73.3 78 82.5 88.2 92.6 95.7 97.5 98.6 91.9 88.4 r = Revised p.e.=Preliminary estimate Source: NEDA National Accounts Staff.  Table 2.9: INDUSTRIAL ORIGIN OF DOMESTIC PRODUCT AT 1972 CONSTANT PRICES GROWTH RATES (PERCENT) 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 r p.e. Agriculture, fishery and foresty 6.2 2.9 4.0 8.2 5.1 3.8 4.6 4.9 3.8 3.3 -2.0 2.0 2.4 Industry 12.2 5.9 8.4 10.3 8.6 6.1 8.1 4.7 4.5 2.0 0.6 -10.3 -10.2 Mining & quarrying 7.7 0.0 0.0 7.1 13.3 5.9 16.7 4.8 0.0 -9.1 -5.0 -5.3 0.0 Manufacturing 14.3 4.4 3.6 5.8 7.7 7.1 5.2 4.5 3.4 2.1 2.4 -7.2 -7.3 Construction 9.1 12.5 48.1 32.5 9.4 1.7 15.3 4.4 9.9 3.8 -4.9 -23.4 -27.1 Electricity, gas, water 0.U 20.0 0.0 16.7 0.0 14.3 0.0 12.5 11.1 10.0 9.1 0.0 0.0 Services 6.7 6.3 6.3 5.6 4.9 5.7 6.0 6.0 3.4 3.6 3.2 -6.4 -3.0 Transport, communication & storage 11.1 10.0 9.1 11.1 5.0 7.1 2.2 4.3 4.2 4.0 1.9 -5.7 -2.0 Trade 6.7 6.3 3.5 5.7 7.5 7.0 7.5 6.1 4.1 3.) 6.1 1.4 -0.7 Finance & Housing 4.4 4.3 10.2 5.6 3.5 5.1 6.5 7.6 -1.4 4.3 4.1 -27.6 -10.9 Other services 8.0 7.4 4.6 3.3 3.2 5.2 4.9 5.6 5.3 4.2 -0.8 -2.4 -2.5 GDP at market prices 8.5 4.9 6.5 7.9 6.2 5.5 6.3 5.2 3.9 2.9 0.9 -5.7 -4.0 GNP at market prices 9.3 5.6 6.0 7.2 6.4 5.8 6.9 5.0 3.3 1.9 1.1 -6.8 -3.8 r = Revised p.e.=Preliminary estimate Source: NEDA National Accounts Staff.  Table 2.10: INDUSTRIAL ORIGIN OF GROSS DOMESTIC PRODUCT: IMPLICIT PRICE INDICES (1972 = 100) 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 r p.e. Agriculture, fishery and toresty 100.0 124.0 168.2 181 4 189.9 201.9 219.4 245.6 260.8 282.1 302.0 339.4 549.2 620.8 Industry 100.0 117.7 152.6 lj.5 179.4 190.3 207.1 240.3 288.7 318.9 343.1 385.0 575.2 690.7 Mining & quarrying 100.0 171.4 221.4 1,2.9 140.0 147.1 183.3 276.2 368.2 309.1 305.0 368.4 538.9 761.1 Manufacturing 100.0 113.8 145.5 L63.0 179.8 189.8 207.1 234.7 278.4 313.3 339.2 379.3 588.8 696.8 Construction 100.0 116.7 170.4 170.0 184.9 203.4 213.6 248.5 300.0 337.2 361.7 398.7 528.8 620.9 Electricity, gas, water 100.0 120.0 150.0 i83.3 171.4 200.0 212.5 262.5 311.1 330.0 363.6 441.7 591.7 725.0 Services 100.0 114.3 146.6 161.3 181.7 198.3 219.0 254.8 300.0 339.6 372.8 412.8 586.6 701.4 Transport, communication & storage 100.0 116.7 145.5 161.1 182.5 200.0 220.0 269.6 341.7 392.0 411.5 460.4 676.0 779.6 Trade 100.0 118.8 163.5 179.5 202.2 223.0 246.7 291.3 345.1 392.1 430.5 475.5 707.1 845.7 Finance & Housing 100.0 121.3 155.1 168.5 182.5 198.3 219.4 251.5 290.1 322.9 357.5 394.7 565.5 667.3 Other services 100.0 104.9 123.0 139.6 160.6 173.2 187.3 211.2 239.8 271.4 301.6 332.5 417.5 510.3 GDP at market prices 100.0 117.9 154.7 167.4 183.1 196.4 214.6 247.2 285.9 317.4 343.9 384.5 572.6 674.8 GNP at m&rket prices 100.0 118.2 154.9 167.3 183.1 196.5 214.5 247.2 285.7 317.3 343.9 384.2 572.7 673.2 r = Revised p.e.=Preliminary estimate Source: NEDA National Accounts Staff.  - 18 - Table 3.1: BALANCE OF PAYNENTS SUNNMY (In Nilliuns of USS) 1972 1973 1974 1975 1976 1977 1978 1979 I99O 1981 1992 1983 1994 1985 Current Account Merchandise trade (net) -124 289 -418 -1165 -1060 -764 -1307 -1540 -1939 -2224 -2646 -2482 -679 -482 Exports 1106 1885 2725 2294 2574 3151 3425 4602 5788 5722 5021 5005 5391 4629 Imports 1230 1596 3143 3459 3634 3915 4732 6142 7727 7946 7667 7487 6070 5121 Services (net)/a -55 0 -34 -45 -259 -248 -107 -311 -399 -309 -1040 -740 -1241 26 Receipts 347 639 834 907 971 1085 1484 1655 2222 2896 2983 3127 2626 3289 Payments 402 639 868 952 1130 1333 1592 1966 2621 3205 4023 3967 4311 3262 Private transfers (neti/b 82 96 123 167 149 148 197 229 300 325 322 237 423 379 Receipts 88 99 124 170 151 152 200 234 305 328 324 242 428 388 Payments 6 3 1 3 4 5 5 3 2 5 5 9 /f Official transfers (net)/b 106 150 153 151 120 112 115 126 134 47 164 235 0 - Receipts 110 157 160 159 129 121 12. 135 146 157 174 241 0 - Payments 4 7 7 8 9 9 7 9 12 10 10 6 - Current account balance 9 535 -176 -892 -1050 -752 -1102 -1496 -1904 -2061 -3200 -2750 -1497 -77 Capital Account Direct investaent (n2t)/a -22 64 28 125 144 216 1IO 20 -102 175 17 112 17 -9 Total MLT loans i4O 7; 145 357 1040 662 V91 1151 1032 1332 1548 1392 4178 2787 Disbursements 372 380 456 677 1407 1242 1850 2110 1579 2072 2533 2336 1259 3962 Repaysents 232 .09 11 3211 367 580 959 959 547 740 985 944 781 1175 Private MLT loan capital (neti -17 -5 33 l26 336 101 209 163 496 0 0 0 0 0 Disbursement 137 196 276 331 538 476 905 790: 870 Repayeents 154 201 243 205 202 375 696 627 374 Public NLT loan capital (net) 157 76 112 231 704 561 682 988 536 0 0 0 t 0 Disbursesents 235 184 180 346 869 766 945 1320 709 Repayments 78 108 6B I15 165 205 263 332 173 Short-tere capital (netC/c 37 -64 79 70 -332 -172 -90 95 24 -28 108 -618 549 -1731 Inflows 579 657 1138 1283 1381 2475 3442 Cutflows/d 542 721 1059 1213 1713 2647 3532 Capital account balance 155 71 252 552 852 706 901 676 54 1479 673 886 1044 1047 Errors and omissions/d -93 57 34 -181 37 210 115 82 12 -405 -371 -387 161 638 Allocation of SDRs 16 28 29 27 - - - - Monetarization of Sold 7 32 41 128 400 277 183 169 221  - 19 - Unresittable arrears 560 Overall Balance /e 94 663 110 -521 -161 164 -54 -669 -1681 -560 -2621 -2068 258 239S /a Adjusted to reclassify withdrawals of 343/547 deposits in pesos iroa direct investment inflows to other services. /b Adjusted to reclassify USVA pensions from private transfers to official trinsfes. /c Original saturity up to and inrluding one year. /d Adjusted to reclassify constructive outward remittinces of export pts receipts arising mainly from lag in resittances of export receipts from errors and omissions to short-tere cap;tal outflow. .'e Cveral! balance for 1983 includes S1107 million non-sonetary foreign exchange arrears, /f All transfers. Source. Centra Bank of Philippines.  Table 3.2: CUIRRENT ACCOUNT: SERVICES AND TRANSFERS (in millions of USS) Item 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 Services (net) -55 0 -34 -45 -259 -248 -107 -311 -399 -309 -1.040 -740 -823 -26 Rtecelpts a147 639 834 907 871 1,085 1,484 1,655 2,222 2,886 2,983 3,127 2,h?6 3,288 Freight and insurance 14 19 24 21 32 94 82 91 100s 106 101 100 135 167 Other transportation 21 31 47 67 67 h3 57 71 106 138 73 33 19 37 Travel 122 77 S8 110 93 145 21( 238 320 344 450 465 366 506 Direct Investment income ?3 h5 171 170 127 ilq 181 213 341 524 369 375 325 359 nf which: Interest on placement 6' 60 160' IR 1?9 138 179 200 136 519 365 374 321 346 Government (n.i.e.) 116 IR5 156 181 204 190 204 193 233 254 281 292 257 373 Military services 41 42 48 5r .6 71 71 85 103 101 85 - - Other 75 143 :10 13f Iis 134 133 122 148 156 18( 204 - - Personal tncome ' 5 lR 1113 III II1 '9I 3hS 421 S46 RI1 944 659 694 Other services ta 4 2t07 ?6. ?'3 2371 459 484 70 1 97q 899 918 865 1,152 Payments 6 9 863R ) I , ,3 i 1,10q 1,066 2,6j1 1 ?s 4,j?f i 3 867 447 1,262 Freight and insurance TO9 1 93 3"4 41 3'- 316 I51 471 568 533 596 2358 3 4 Other transportation 11 II Iv ( 7 7 41 I' 7 102 74R ?20 1A7 ql 38 Travel ?i 16 1 27 ? 35 S1 74 r,6 12h 147 221 19 37 Direct investment expense iS- 60n 6 , 7., Q I. 1i 13, 15R 153 ?,35Q 2,394 ''f which: Tnter.-st on loans and 4.-i'postts I7'' ; 1r 'r 23'. 44" 6hR q7. 1,374 1,490 1 9rs 2,757 2,250 Government (n.i.e.) 3 47 63 7$ 1')4 q? 121 11' 107 135 45 22 fOther services /a 71 187 14 0I0 R) 5. 513 4'Q IV 50 686 85n 711 575 431 Transfers (net) 188 246 2'6 318 269 260n 312 3C5 434 472 486 472 386 379 Recelpts I98 256 284 129 280 273 322 l369 451 485 498 483 387 388 Personal remittances 54 67 104 128 112 125 154 1 205 254 US Veterans Administration 71 74 78 R7 88 92 86 1(6 114 121 126 11n 104 Others 73 115 102 114 80 56 82 72 132 110 133 193 224 - Pavments 10 10 8 11 11 1) 10 14 17 13 12 11 1 9 /a Adjlusted to include withdrawal. Source: Central Blank of Philippines.  - 21 - Table 3.3: NET INTERNATIONAL RESERVES /a (millions of US$, at end of year) Foreign exchange Net Change Gross reserves liabilities inter- in Central Commercial Central Commercial national receiv- Year Bank Banks /b Bank /c Banks _ ables 1970 251 128 367 160 -148 - 1971 375 148 328 280 -85 63 1972 549 186 345 453 -63 22 1973 1,037 379 262 540 614 677 1974 1,503 475 372 812 794 180 1975 1,361 719 766 990 324 -470 1976 1,642 564 1,016 1,082 108 -216 1977 1,525 738 595 1,419 249 141 1978 1,893 1,312 678 2,353 164 -85 1979 2,423 1,309 1,192 2,979 -439 603 1980 3,155 1,904 2,183 3,687 -811 372 1981/e 2,574 2,297 2,523 4,410 -2,062 -1,251 1982 1,711 2,540 3,114 4,870 -3,733 -1,671 1983 865 1,655 2,690 4,526 -4,696 -963 1984 886 1,836 2,696 4,277 -4,251 445 1985 (Dec) 1,061 1,915 2,897 3,338 -3,259 992 /a Revalued excludes adjtustments for nonmonetary computpd per NIR definition under the 1985 IMF Standby Agreement. /b Net of dollar treasury bills held by KBS. /c The net international reserve for 1970-81 are computed based on the old concept where the CB liabilities are already net of certain long-term yen liabilities (IBRD) rural credit liabilities, long-term yen liabilities to DECF) agreed with IMF. The NIR for 1982 to 1983 uses the new concept of NIR computation under the 1983 IMF Standby Agreement where only short-term and IMF credits are included as CB liabilities. Thus, due to the difference in concepts used, the change in net reserves for 1981 and 1982 wil not be equal to the BOP in Table 3.1. /d Beginning in 1976 when an understanding was reached with IMF in connection with the Extended Fund Facility, change in net reserves equals overall balance in balance of payments statement (Table 3.1). /e SGV adjustments are roflected from 1981 onwards. Source: Treasury and Foreign Exchange Department, Central Bank of the Philippines.  - 22 - Table 3.4: TRADE INDICES /a (1972 - 100) Quantum index Price index Value index Net terms Year Imports Exports Imports Exports Import. Exports of trade 1972 100.0 100.n 100.0 100.0 100.0 100.0 100.0 1973 93.6 107.7 128.8 145.9 120.6 157.1 113.3 1974 110.3 96.' 211.6 242.3 233.4 233.1 114.5 1975 115.8 101.9 219.6 192.8 254.3 196.5 87.8 1976 122.6 130.5 217.2 168.8 266.3 220.3 77.7 1977 119.2 157.4 241.1 171.3 287.4 269.6 71.0 1978 140.9 152.6 245.8 192.1 346.3 293.1 78 2 1979 153.8 166.8 289.4 236.1 445.1 393.8 81.6 1980 155.8 201.3 358.6 246.0 558.7 495.2 68.6 1981 143.2 203.5 398.6 240.6 570.8 489.6 60.4 1982 163.4 215.0 340.5 199.9 556.4 429.8 58.7 1983 156.9 204.2 342.4 209.8 537.2 428.4 61.3 1984 112.0 199.4 386.8 231.4 433.2 461.4 59.8 1985 100.8 195.0 363.8 203.2 366.6 396.2 55.9 /8 Unit values of imports are based on c.i.f. value, while those for exports are based on f.o.b. value. Source: Central Bank of the Philippines (CBP), National Census and Statistics Office (NCSO).  - 23 - Table 3.5 IXPORTS BY COEODITY GROUPS (f.o.b. value tin millions of US$ at current prices) 1972 1973 1974 1975 1976 1977 1978 1979 1980 198t 1982 1983 1984 1985 Coconut Products 227 172 608 462 536 729 872 965 781 719 563 639 690 440 Coconut oil (crude) R3 51 t80 226 2 380 Si m mW 1r m *75* 3 Dessicated coconut 18 32 60 31 37 90 82 107 116 102 68 8R 106 76 Copra mal or cake 16 21 28 13 54 58 69 86 RI 81 72 72 41 36 Copra 110 166 140 172 IS0 201 136 89 47 34 49 4 0 0 Sugar and Products 217 292 765 615 451 526 213 239 590 454 396 2R2 272 161 Centrifuga. I 2 f m 426 506 T97 m T12 416 mT m TR Tv m Molasses 6 18 28 34 2S 20 16 27 33 38 25 17 33 16 Other Agricultural Pruducts 85 115 163 176 223 267 297 411 483 441 429 373 41R 419 nana 7 4 i T; 7 73 - XT T T T Tr 1m2 T Im Pineapple, canned 19 20 31 35 47 56 60 74 82 89 88 74 87 89 lish, fresh or simply preserved 11 20 17 16 26 41 57 87 107 90 71 77 68 99 Coffee, raw - - - 2 25 45 34 44 45 39 49 47 76 70 Tobacco, unannufactured 17 26 30 14 28 28 29 33 29 48 47 34 2R 24 Abaca ftihe,, tunmnufactured 13 20 319 14 IR 17 15 25 27 21 20 18 30 16 Rice - 4 14 46 73 24 - q - - Mangoes I I 2 2 3 3 4 5 6 6 8 9 7 7 Forest Products 226 416 292 22S 26R 262 324 484 42n 344 290 327 265 193 Logs T 'I T4- T16 TTI T3 T T6 92 376 T79 -a -1 L.umber 1( 3', 30 2i7 h 67 R5 198 181 126 124 149 If7 91 Plywood 34 59 27 23 47 41 72 107 III 111 h7 76 56 51 Veneer and coresaock I8 IiF 19 8 tR 2() 27 15 36 31 20 2R 14 12 Mineral Products 24(7 424 519 365 431 520 534 820 1 168 980 686 608 383 402 Copper concentrates III 27S T9 21 2 26j6 250 47 T i 7 2 49 I IS 4 Cold 27 103 '4 75 6S 71 76 103 239 215 169 154 104 100 Nickel - - I 31 67 77 55 92 133 304 49 54 12 64 Iron ore and concentrares 3 17 12 - - - - - - - - Iron ore aggtlowrates - - - - 5' 1(4 120 118 116 106 114 I05 95 Chromite ore S I 13 11 1 25 25 23 33 25 IS in 19 12 Other 7 21) 26 19 1I 22 24 42 95 91 i5 27 28 47 Nontraditional Manufactuires 95 252 343 411 575 771 1,076 2_109 2,565 2,457 2588 3136 2,857 8lectrical Fquipments avid Cospoc2nts 2 11 27 47 85 124 253 412 h73 838 1,n00 1,053 1,129 1,n56 Garments ' SR 94 1(1( 3R5 25t 1326 404 500 617 539 542 600 619 Food products and beverasee 11 35 !7 14 2n 11 41 57 170 310 214 175 134 151 Handicrafts 13 27 46 78 95 R4 100 134 154 134 139 140 137 133 Chemicals 6 11 3f, 21 27 53 59 111 95 107 96 86 304 IS0 Furniture and parts 2 3 6 S 10 22 27 55 77 88 72 84 88 84 Footwear I 2 4 I 5 13 32 51 67 73 62 S5 46 39 Wood mnufactures, excludln9 plywood, veneer and lumrber 8 17 27 17 15 14 21 11 24 19 33 39 41 15 Machinery and transport equipwent 1 I 6 13( 36 26 37 47 47 47 48 35 36 30 Texttle yarn, fabrics and other related products S 17 7 9 15 13 24 11 49 43 19 29 24 25 Others 42 8R 95 307 102 142 156 189 255 269 217 350 597 530 Other 1I 15 35 40 90 76 30q 15R 237 219 200 R88 227 157 Petroleus products 4 4 2 5 11 18 21 31 54 57 49 14 38 19 Other exports and re-exports 12 11 13 15 'q 58 88 127 183 162 151 154 209 138 Total 1,106 1,886 2,7?5 _2294 ?1574 3,151 3,425 4,602 5,788 5,722 5,021 5,005 5,391 4,629 . _ . .~~~~~.L  Table 3.6: VOLUMF AND LTNIT VALUE OF PRINCIPAL COMMODITY EXPORTS It-m 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 Volume ('000 mt) Coconut oil (crude) 461 427 41S 6(11 8R4 714 962 743 R74 QR4 R66 933 s55 622 Desiccated coconut 76 78 64 66 81 qR g1 86 87 86 90 89 77 65 Copra meal or cake 352 263 271 303 499 Sf6 515 s4'R 545 621 589 531 364 b44 Copra 926 734 ?68 761 823 635 365 145 121 108 178 16 0 n Sugar, centrifugal 1,224 1,470 1,542 97? 1.45h 2,419 1,124 1,190 1,60n? 9S3 1,0g9 R42 R41 446 Bananas 422 466 663 821 796 693 776 859 9?3 R6q 927 643 800 785 Pineapple, canned 108 91 I?S 116 1Rs 194 1i6? 1Rq 17 174 171 146 170 185 Logs /a 7,126 7,762 4,702 4,595 2,332 2,045 2,21n 1,248 715 707 752 786 846 454 Lumber /a IR4 427 784 254 493 495 971 915 741 546 591 728 540 512 Plywood 7a 459 S35 171 175 283 ?21 3k2 393 322 37r. 241 294 246 238 Copper concentrates 823 764 R30 799 942 1,0fn7 895 1,048 1,140 1,138 1.n60 788 490 344 Gold /b 501 536 541 491 539 513 412 367 420 476 473 367 295 323 Nickel 0 n n 7 12 17 13 17 23 18 11 12 3 14 Iron ore agglomerates 0 I3 f n 0 1,983 3,280 4,100 4,240 3,551 3,752 3,285 4,047 4,022 Unit Value (US$ per mt) Coconut oil (crude) 180n 34 9lq 371 34 5 'I'7 kR Q1Q 614 509 432 509 978 527 Destccated coconut 237 I 10 917 47n 497 918 9is2 1,?47 1,331 1,186 756 989 1,383 1,169 Copra meal or cake 45 87 1l3 jl'n In8 133 1?9 IS6 149 1M 127 131 113 81 Copra 119 226 972 7Th 182 316 37! 6!6 389 315 277 260 0 0 Sugar, centrifugal 172 1R( 4-8 598 293 ?10 29 iR3 348 436 l18 315 284 325 Bananas 57 61' 68 R9 95 104 lf8 113 124 143 158 163 153 145 Pineapple, canned 176 220 248 302 341 364 3,7n 392 43 s506 515 5n7 509 481 Logs Ic 23 39 46 36 S8 6k 6, 116 129 107 104 94 104 86 Lumber /c 59 82 106 106 138 147 4Q 217 244 231 209 2n5 198 17R Plywood 7 75 1101 158 131 :66 I1I 1q9 273 32? 300 278 258 228 214 Copper concentrates 232 380 473 265 282 166 ?280 420l 47R 377 295 316 255 244 Gold /d 54 194 117 155 121 138 184 281 569 452 357 420 353 310 Nickel 0 0 0 4,714 4,917 4,529 4,8Ig 5,372 6,009 5,77R 4,454 4,417 4,162 4,571 Iron ore agglomerates 8 n 0 n 0 29 -2 "9 28 33 28 35 26 4 /a In thousand cubic meters. T In thousand troy ounces. T7 Per cubic meter. |d Per troy ounce. Sources: Central Rank of Philippines for 1972 and 1973. National Census and Statistics Office from 1974.  Table 3.7: PRINCIPAL EXPORT MARKFTS 1972 1973 I974 1Q79 1976 1977 1978 1q79 19Rr, 1981 19R2 I..i 1984 1985 ---_----------__------------------------------- Million of "SS ---------------------------------------------- Ulnited States 447 676 1,667 664 q73 1,!!2 1,15h 1,384 1,588 1,766 1,586 1,800 2,050 1,654 Japan 373 674 94' R8S 7?M ,O 1 I , , :S 1,146 1,f)1 1,, b3 R75 European Community 162 231 723 372 R'- 3'?1 hl4 931 981 924 7h6 814 680] 629 ASFAN countries I9 39 It, Al 12 8 iP8 37 413 35Q 364 5!6 531 Socialist rountries 1 14 '7 36 148 253 97 149 256 297 231 123 11R 123 USSR T R H ? 9' 1