Philippines - An opening for sustained growth (Vol. 3 of 3) : Statistical appendix

Rapmt ND. flOSlFH The Philippines An Opening for Sustained Growth (In Three Volumes) Volume Ill. Statsical Appendix April 1, 1993 county Opets Division COP DnenTW I East sia and Pacific Region FOR OFFICIAL USE ONLY Doainm.tof theWoud a Trhis docuamen has a restricted disitriution aWnd my be used by recipiet only In the perfomance of ther officia duties tscontnt may tno othiwise be dsclose withou World Bank auftorization.  FOR OMCIAL USE ONLY BASIC ECONOMIC REPORT THE PHILIPPINLES: AN OPENING FOR SUSTAINED GROWTH Statistical Apendix Table Lof otents A. Macroeconomic Indicators Pa&e A.1 Key Macroeconomic Indicators, Selected Years ............................... 1 A.2 National Accounts Summary at Current Prices, 1960-91 .......................... 2 A.3 National Accounts Summary at Constant Prices, 1960-91 ......................... 4 A.4 Implicit Price Deflators, 1960-91 ........................................ 6 A.5 Balance of Payments, 1971-91 .......................................... 8 A.6.1 External Debt: Disbursements and Repayments, 1971-91 ......................... 10 A.6.2 External Debt: Interest Payments and Debt Outstanding, 1970-91 ................... 12 A.6.3 Extenal Debt: Derived Indicators, 1970-91 ................................. 14 A.7 Measures of Capital Flight, 1971-91 ..................................... 16 A.8 Nominal and Real Exchange Rates, 1960-91 ............ ................... 17 A.9 Nominal Interest Rates, 1970-91 ........................................ 18 B. Public Finance B.1 National Government Budget (Cash Basis), 1979-91 ............................ 19 B.2 National Government Expenditure by Economic Classification (Obligation Basis) in millions of pesos, 1979-92 ............................. 20 B.3 National Government Expenditures by Economic Classification (Obligation Basis) as percent to GDP, 1979-91 .............................. 21 B.4 National Goverment Expendi Program (Obligation Basis), 1979-91 ............... 22 B.5 Statement of Financial Operations of the 14 Major Non-financial Government Corporations (1985-91) .................................... 23 B.5.a Statement of Financial Operations of the 14 Major Non-financial Govenment Corporations: 1991 .... ........ ................... 24 B.6 National Govemment Revenue by Type, 1979-91 .............................. 25 B.7 Local Goyernment Revenues by Type, 1970-90 .............................. 26 B.8 Outg Intenal Public Debt by Level of Govenunent, 1970-91 .................. 27 B.9 Outstanding Internal Public Debt by Maturity, 1970-91 .......................... 28 B. 10 Holders of Outstanding Government Domestic Securities, 1977-91 ................... 29 B.11 Number of Goverament Personnel by Branch of Service, 1979-90 ................... 30 B.12 Central Bank, Income and Expense Accounts, current peos, 1980-91 ................. 31 B. 13 Central Bank, Income and Expen Accounts, percent to GDP, 1980-91 ............... 31 This document has a restricted distribution and may be used by recipients only In the performnce of their offcial duties. Its contents may not otherwise be discloed without Wodd knk auXtion.  eage C. MoneM and Banking C;1 Money Supply and Domestic Liquidity, 1975-91 ............................. 32 C.2 Monetary Sector Total Assets and Liabilities by Institution, 1975-91 .33 C.3 Gross Domestic Credits of the Deposit Money Banks, 1970-91 .34 C.4 Monetary Sector Loans and Invesunents by Institution, 1978-91 .35 D. Interational Trade D.l Value of Exports by Major Commodity Group, 1970-91 .36 D.2 Volume of Exports by Major Conmmodity Group,1970-91 .38 D.3 L-plicit Deflators of Exports by Major Commodity Group, 1970-91 .39 D.+ Value of Imports by Major Conunodity Group, 1970-91 .40 D.5 Volume of Imports by Major Commodity Group, 1970-91 .42 D.6 Implicit Deflators of Imports by Major Commodity Group, 1970-91 .43 D.7 Principal Sources of Imports, 1972-91 .44 D.8 Principal Export Markets, 1972-91 .45 E. podlasion. Labor and Emplovment E.1 Nominal and Real Legislated Daily Wage Rates, 1972-90 .46 E.2 Real Wage Estimates, 1965-91 .47 E.3 The Transformation of Philippine Employment .............................. 48 E.4 Productivity by Sector, 1970-91 .49 E.5 Historical Population and Vital Rates, 1950-95 .51 E.6 Population Projections, 1990-2020 .52 E.7 Labor Force, Employment, Unemployment and Underemployment, 1970-91 .53 E.8 Labor Force Participation Rate, Employment Status, Rural and Urban, 1970-90 .55 F. Prices F.1 Consumer Price Index for all Income Households, (1978=100), 1973-91 .56 F.1.a Consumer Price Index for all Income Households, (1988= 100), 1988-92 .56 F.2 Consumer Price Index for Food, Beverages and Tobacco, (1978= 100), 1973-91 .57 F.3 Retail Price Index for Metropolitan Manila Area, (1978=100), 1976-92 .58 F.4 General Wholesale Price Index Metropolitan Manila Area, (1978= 100), 1976-92 .59 F.5 Wholesale Price Index for Selected Construction Materials, (1978= 100), 1976.91 .60 G. Real Seaor G.1 Gross Value Added in I by Region, 1980-90, in constant 1985 pesos .61 G.l.a Gross Value Added in Mrin by Region, 1980-90, percent distribution .61 G.2.1 Gross Value Added in Manufctng by Industry Group, 1967-87, in current prices ................................................. 62 G.2.2 Gross Value Added in Mamdacring by Industry Group, 1967-87, - in constant prices ................................................ 64 G.3 Share of World Market in Manufactures, 1970-91 ............................ 66 G.4 Employed Persons by Major Sectors ,1956-90 ............................... 67  Ehse G.4.a Structure of Employment by Major Sectors, 1956-90 ........................... 68 G.5 Gross Domestic Product by Industrial Origin, current pesos, 1946-91 ................. 69 G 6 Gross Domestic Product by Industrial Origin, constant pesos, 1946-91 ................ 72 G.7 Employment and Number of Establishments in Manufactuing, 1972, 1983, 1988 .... ..... 75 G.8 Census Value Added in Manufacturing, 1972, 1983, 1988 ........................ 78 G.9 Capital Intensity, Capital Productivity and Labor Productivity in Manufacturing, 1983, 1988 ..................................... 81 G. 10 Annu%l Average Compensation per Employee irn Manufacturit, 1988 ................ 84 G.11 Subcontracting Activities at Manufacturing Establishments, 1983, 1988 ................ 87 G.12 Shifts in Structure of Value Added in Manufacturing, 1983-88 . 90 G.13 Decomposition of Manufacturing Output Growth between Census Years, 1972-88 .91 G.14 Foreign Investment as per BoP Statistics, 1973-90 ............................. 92 G.15 Central Bank Registered Direct Foreign Equity Investment by Country, 1973-90 .............................................. 93 G.16 Central Bank Registered Direct Foreign Equity Investment by Industry, 1973-90 ............ 94 0. 17 Net Direct Foreign Investment in ASEAN Counties. 95 0.18 Exports as a Proportion of Total Production. 1974, 1979 ......................... 96 0.19 Direct Import Requ iements of M rn Output, 1974, 1979 ................... 97 0.20 Agriculture Production by Kind of Crop, 1983-90 ............................. 98 G.21 Corn: Area, Production and Supply, 1971-90 ................................ 99 G.22 Rice: Area, Yield and Supply, 1971-90 .................................... 100 0.23 Crop Area Harvested by Kind of Crop, 1983-90 .............................. 101 0.24 Gross Value Added in Agriculture by Region, current prices, 19890 ................ 102 G.25 Gross Value Added in Agriculture by Region, constant prices, 1980-90 ................ 102 G.26 Financial Performance of the Mn in Sector, 1979-90 ...................... 103 G.27 Distribution of Value of Amnual Shipments of Exports, 1984, 1988, 1990 .............. 104 H. Education and Health H. i Public Expenditures in Education, current prices, 1975-90 ....................... 105 H.2 Public Expenditures in Education, constant 1980 prices .......................... 105 H.3 Public and Private Expndie in Educaton, 1975-88 .......................... 106 H.4 Unit Recurrent Cost in Education, percent to GNP per capita, comparator countries .106 H.5 Department of Health, Current Expenditure by Category, 1980-90 .................... 107 H.6 D qetme of Health, Real Expenditure by Category, 1980-90 ..................... 108 H.7 Structure and Composition of Health Expenditure, 19890 ..... 109 H.8 Department of Health, Expenditure by Region, current prices, 1981-90 .110 H.9 Per Capita Health Expendiue, by Region, current prices, 1981-90 .................. 111 H. 10 Per Capita Health Expenditure, by Region, constant 1980 prices, 1981-90 .111 I. E rtv 1.1 People Living Below Subsistece Conditions, 1971, 1985, 1988 .112 1.2 People Living Above Subsistence and Below Poverty Line, 1971, 1985, 1988 .112 1.3 Health and Fertility Indicators by Year (1980-90) .112 1.4 Average Real family Income in 1978 Pesos 1961, 1971, 1985, 1988 .113 1.5 Poverty Incidence by Family Head's Occupation, 1985, 1988 ...................... 114  1.6 Distribution of all Families by Area, Type of Activity and Sex, 1985. 1988 .............................................. 115 1.7 Distribution of the 30 percent Poorest by Area, Type of Activity and Sex, 1985, 1988 ............ 116 1.8 Average Shares of Income Source for All Families, Rural and Urban Areas, 1985 and 1988 ...................................... 117 1.8a Average Shares of Income Source for Poor Families, Rural and Urban Areas, 1985 and 1988 ...................................... 118 1.9 Distribution of Families by Largest Source of Income, in Rural and Urban Areas, 1985 and 1988 ................................. 119 I.9a Distribution of Poor Families by Largest Source of Income, in Rural and Urban Areas, 1985 and 1988 ................................. 120 1.10 Distribution of the 30 percent Poorest Families by Region, 1985 and 1988 .............. 121 1.11 Number of Children age 7-14 by Region, by Per Capita Income Decile, 1988 .122 1.12 Per Capita Cost of a Sample Urban Diet .123 1.13 Per Capita Cost of a Sample Rural Diet .124 1.14 Indices of Poverty Incidence by Employment Stats, 1988 .125 1.15 Indicators of Incomne Distribution, Rural and Urban, 1956-88 ................. .... 126 1.16 Shares of Permnent and Seasonal Wages to Total Income in Rural Areas 1988 ............. .... 127 I. 17 Total Fertility and Infant Morality Rates by Province, 1980, 1990 .................. 129 I. 1-8 Regression Results with Income and Expenditure Interactive Variables ................ 131 J. laz J.1 Business Taxes by Income Class, 1988.132 K. Te.ica Ane .133  TMLN A. 1 KEY NACOEC0NCFIC INDICATORS 1970 1975 1980 1985 1988 1969 1990 1991 Real Growth Rates: Gross Domestic Product (GDP) 3.8% 5.6% S.1% -7.3% 6.3% 6.0% 2.4% -1.0% Gross Domestic Income CGDY) 4.0% 2.7% 2.2% -3.6% 9.0% 3.7% 1.2% 1.3% Real Per Capita Growth Rates: Gross Domestic Product (GDP) 0.7% 2.9% 2.7% -9.6% 3.8% 3.6% 0.1% -2.9% Total Consumption 0.2% 2.5% 2.0% -3.6% 4.0% 2.7% 3.4% -0.5% Private Consumption -0.1% 2.1% 2.1% -3.6% 3.8% 2.6% 3.0% 0.3% Debt & D. Services (LT*ST+IW)F: /1 Total DCD (USSM) /2 .. 3064 17417 26622 28966 28376 30232 31899 DOD/GDP 20.6% 53.7% 86.6% 76.1% 66.9% 68.9% 70.0% Debt Service (USSI) 45 457 2182 2550 3415 3264 3529 3429 Debt Service/Exports /3 .. 14.4% 26.6% 31.8% 30.9% 25.6% 26.7% 23.3% Debt Service/GDP 3.1% 6.7% 8.3% 9.0% 7.7% 8.0% 7.5% Interest Bur..en (LT.ST+IMF): interest Paid (US$M) 45 123 1496 1758 1996 2157 1748 1629 Interest/Exports .. 3.9% 18.2% 21.9t 18.1% 16.9% 13.2% 11.1% Interest/GDP 0.8% 4.6% s.7% 5.2* s.1% 4.0* 3.6% Gross Investment/GDP 21.3% 30.9% 29.1% 15.3% 18.4% 21.8% 22.5t 20.0% ICORs (S-yr ending year shown) /4 Domestic SavinV/GDP 24.5% 26.8% 26.6% 18.8% 21.4% 20.6% 18.6% 16.6% SOP Resource Balance/GDP /S -7.5% -S.9t 2.9% 0.1% -2.7% -6.2% -3.3% National Savings/GDP 24.2% 28.3% 27.2% 16.4% 21.3% 20.3% 19.3% 18.6% SOP Current Account Balance/GDP -7.2% -6.3% -0.8% -1.7% -4.3% -6.9% -3.1% Government Investment/GDP .. 3.5 1.S% 1.9% 2.3% 2.7* 3.4% Governeent Savings/GDP .. 4.2% 2.4% 0.1% 1.0% 0.3% 2.1% Private Investment/GDP .. 20.6% 18.8% 13.7% 15.6% 17.0% 16.6% 14.1% Government Revenues/GDP 15.6% 14.2% 12.1% 14.1% 16.St 16.8% 17.8% Government Expenditures/GP .. 10.1% 9.7% 14.0% 15.4% 16.6% 1S.7% Budget Deficit C-) or Sarplus/GOP .. 1.4% 1.9% 2.9% 2.1% 3.St 2.1% Primary Deficit C-) or Surplus/GDP .. -O.St 0.6% 2.8% 3.8% 3.1% 3.9t Consumer Price index (t growth) 6.9% 18.2% 23.1% 8.8% 10.6% 12.7% 17.7% GOP Deflator (t growth rate) 15.1% 9.3t 14.3% 17.6% 10.2% 8.7% 13.4% 16.5t Real Exchange Rate (19897100) .. .. 100.0 97.7 68.2 72.1 69.3 67.8 Terms of Trade Index (1987.100) .. .. .. .. Export (CNFS) Volume Growth Rate 20.6% 3.5t 39.8t -16.6% 14.7% 10.7% 1.3% 4.6% Exports (G1WS)/GDP 20.1% 22.3% 22.3% 24.9% 25.5% 25.3% 26.8% Imports (GSFS) Volume Growth Rate -5.5t 6.1t 19.6t -14.2% 19.6t 15.2% 10.0% -3.1% Imports (GNFS)/GDP 27.6% 28.2% 19.4% 24.8% 28.2% 31.5% 30.1% SOP Current Balance (USSM1) .. -1076 -2051 -242 -665 -1822 -3044 -1408 Nat Reserves (US$1) .. 1315 2846 615 1003 1417 924 3246 Note: All ratios are calculated from data in current prices and exchange rates. ICOR and growth rates are based oan constant price data. 1. *LT- denotes *long-term debt;' *ST- denotes 'short-term debt 2. Debt outstandin and debt disbursed. 3. Unless otherwise indicated dnotes Exports of Goods and Services 4. Incremental capital output ratios with a 5-years period. S. 'SOP' denotes 'Balance of Payments  TABLE A.2 NATIONAL ACCOUNTS SUMMARY AT CURRENT PRICES (in millions of pesos) 1960 1965 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 GDP at market prices 13477 22617 39505 476S2 53514 6812S 93545 107953 127214 1454SS 167251 202897 GDP at factor cost 12496 21122 37082 44101 49479 62934 85940 96965 116182 132336 149488 182189 Agriculture 3570 6141 11663 14442 15760 20816 29052 32752 37234 41772 47190 55682 Industry 4225 7036 12597 15421 17938 23246 32266 37786 45989 53582 61692 76027 Mining and quarrying 113 207 282 832 927 1640 2083 1367 1548 2096 2485 4182 Manufacturing 3302 5344 9833 12323 14165 18120 24030 27720 32330 36995 43539 51018 Services, etc. 5682 9440 15245 17789 19816 24063 32227 37415 43991 SO101 58379 71188 Imports of GNF8 1596 4288 8314 9727 10419 13549 25587 29265 32119 3S091 41707 54046 Exports of GEPS 1537 4304 8524 9746 10532 16872 23406 22689 24586 30630 34566 43747 Resource balance -59 96 210 19 113 3323 -2181 -6576 -7533 -4461 -7141 -10299 Total Expenditures 13536 22521 39295 47633 53401 64802 95726 114529 134747 149916 174392 213196 Total consumption. etc. 10619 18107 29837 35954 40922 49222 68814 79045 90885 105852 121800 148407 General government 1141 2211 3665 4456 5485 6498 9299 11S91 13729 14963 16618 19041 Private, etc. 9478 15896 26172 31498 35437 42724 59516 67454 77156 90889 104982 129366 Statistical discrepancy 407 -887 1026 1664 1374 720 1705 2178 2063 -484 1351 -2488 Gross domestic investment 2510 5301 8432 10015 1i1oS 14860 25207 33306 41799 44548 51241 67277 aDFs 2155 4552 7144 8654 9446 t1645 18586 26598 33499 36619 42198 55896 Nonfinancial Pub. Sector .. .. .. .. .. .. .. 4400 13077 10518 11721 15062 General Government .. .. .. .. .. .. .. .. Central Govt. .. . .. .. 2100 2694 2823 4334 4953 State and Local Govt. .. .. .. .. .. .. Nonfinancial Pub. Enterp. .. .. .. .. .. .. .. 2300 10383 7695 7387 10109 Private Sector .. .. .. .. .. .. .. 22198 20422 26101 30477 40834 Changes in Stocks 355 749 1288 1361 1659 3215 6621 6708 8300 7929 9043 1138' Gross domestic saving 2858 4510 9668 11698 12592 18903 24731 28908 36329 39603 45451 54490 Net factor income -196 -114 -706 -523 -525 -146 366 -271 -1060 -976 -658 640 Net current transfers 212 381 611 675 1074 1282 1473 1940 1741 1694 1918 1846 Gross national saving 2874 4777 9573 18SO 13141 20039 26570 30577 37010 40321 46711 56976 Net Indirect Taxes 981 1495 2423 3551 4035 S191 7605 10988 11032 13119 17763 20708 Indirect Taxes 1008 1583 2S89 3684 4178 5475 8319 11649 11644 13575 18336 21296 Subsidies 27 88 166 133 143 284 714 661 612 456 573 5s8 Gross national product 13281 22503 38-19 47129 52989 67979 93911 107682 126154 144479 166593 203537 som. Off. (Ann. avg.) .. 6.432 6.675 6.75S 6.788 7.248 7.440 7.403 7.366 7.378 IEC conversion factor 6.432 6.611 6.156 6.188 7.248 1.440 1.403 7.366 7.378 GDP at mp (curr. mill. US1) 7409 8022 10084 13781 14894 17098 1