Exports and Imports in the Philippine
System of National Accounts (PSNA)
Presented by
Mark Rex S. Romaraog
Statistical Coordination Officer IV
National Statistical Coordination Board
International Workshop on
Measuring GDP by Final Demand Approach
25-27 April 2011, Shenzhen, China
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
Outline of the Presentation
I. Introduction
II. Exports and Imports in the PSNA
A. Scope and Coverage
B. Sources of Basic Data
C. Estimation Methodology
D. Some Statistics
2
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
I. Introduction
1. About the Philippine Statistical System (PSS)
• The PSS is a decentralized statistical system
• Many government agencies generate statistics
National Statistics Office
Bureau of Agricultural Statistics
Bureau of Labor & Employment Statistics
Central Bank of the Philippines
Other government agencies
• Need for a coordinating agency – the National Statistical
Coordination Board
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
I. Introduction
1. About the Philippine Statistical System (PSS)
Executive Order (EO) 121 – January 30, 1987
Reorganizing the Philippine Statistical System and for
Other Purposes
• Created the National Statistical Coordination Board
(NSCB) as the highest policy-making and coordinating
body on statistical matters in the country
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
I. Introduction
2. About the Philippine National Statistical Coordination
Board (NSCB)
Our Services
• Coordination services
 Inter-agency concerns
 Survey review system
 Designation of statistics
 Subnational statistical system (10 out of 17 regions have
regional offices)
• Online statistical service - http://www.nscb.gov.ph
• National Statistical Information Center – a one-stop shop of
statistical information in the Philippine Statistical System
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
I. Introduction
2. About the Philippine National Statistical Coordination
Board (NSCB)
Some of Our Products
• Statistical Policies
• Official Poverty Statistics
 Poverty Threshold
 Poverty Incidence
• Environmental Accounts
• Philippine Statistical Yearbook, Regional Social and
Economic Trends, Countryside in Figures
• National Accounts of the Philippines
 GDP, GNP, Income and Outlay Accounts, Regional
Accts, Input-Outputs Tables, Satellite Accounts
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
I. Introduction
3. Compiling the PSNA
The compilation of the PSNA is a mandate under EO 121
(Reorganizing and Strengthening of the Philippine Statistical
System (PSS) and for other purposes) and is a designated
activity under EO 352 (Designation of Statistical Activities
that will Generate Critical Data for Decision-Making of the
Government and Private Sector) as one of the functions of
the National Statistical Coordination Board (NSCB).
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
I. Introduction
3. Compiling the PSNA
Measurement of GDP
Three approaches in GDP Measurement
1. Income Approach, GDP (I)
2. Production Approach, GDP (P)
3. Expenditure Approach, GDP (E)
Currently GDP is 1985-based and a new base year (2000) will
be released in May 2011
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
I. Introduction
3. Compiling the PSNA
Income
Frequency of
Estimation
Annual
Geographic
Coverage
National
Schedule of
Releases
June
Production
Quarter
Annual
Expenditure
Quarter
Annual
National National/
Regional
National
National/
Regional
May (Q1),
Aug (Q2),
Nov (Q3) &
Jan (Q4)
May (Q1),
Aug (Q2),
Nov (Q3) &
Jan (Q4)
Nat: Jan &
May
Reg: July
Nat: Jan &
May
Reg: June
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNA
GDP by Type of Expenditure: 2009 at Constant Prices
100.0%
80.0%
80.5%
60.0%
40.0%
31.6%
20.0%
8.8%
8.5%
7.3%
7.1%
1.2%
0.0%
-0.3%
-3.3%
-20.0%
-40.0%
-40.1%
-60.0%
PCE
EOG
CNS
EOS
DEQ
GCE
BSOD
CIS
IOS
IOG
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNA
Scope and Coverage
 Exports and imports of goods and services consist
mainly of transactions between the residents of a given
country and the rest of the world
 These transactions are categorized into:
1. Goods
2. Services
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNA
Scope and Coverage
1. Goods
Exports
Imports
Monetization of Gold
Merchandise Exports
Merchandise Imports
- 22 Principal Merchandise
Exports
- 15 Principal Merchandise
Imports
- Others
- Others
- Imports on Consignment
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNA
Scope and Coverage
2. Services
Exports
Imports
Transportation
Transportation
Insurance
Insurance
Travel
Travel
Government
Government
Miscellaneous Services
Miscellaneous Services
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNA
Sources of Basic Data
Exports
Goods
Foreign Trade
Statistics (Philippine
National Statistics
Office(NSO))
Imports
Foreign Trade
Statistics (Philippine
National Statistics
Office(NSO))
Balance of Payment
(Central Bank of the
Philippines(BSP))
Services
Balance of Payment
(Central Bank of the
Philippines(BSP))
Balance of Payment
(Central Bank of the
Philippines(BSP))
Visitors Sample Survey Travel Tax (Philippine
(Department of
Tourism Authority
Tourism (DOT))
(PTA))
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNA
Estimation Methodology
1. Goods
At Current Prices
EXPORTS
NSO
FTS
IMPORTS
Cost, Insurance &
Freight (CIF) In USD
Free on Board
(FOB) In USD
Midpoint PesoDollar Exchange
Rate
Free on Board
(FOB) In Php
Cost, Insurance &
Freight (CIF) In Php
FTS are adjusted for national accounts purposes by deducting (i) replacements
and goods returned to the country when exported/imported (ii) articles temporarily
exported/imported, and (iii) replacements and goods returned to the country when
imported/exported
Monetization of Gold is estimated using BOP data from the BSP
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNA
Estimation Methodology
1. Goods
At Constant Prices
Exports
Deflation method using the
corresponding export unit
value index as computed in
the FTS
Imports
Deflation method using the
corresponding import unit
value index as computed in
the FTS
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNA
Estimation Methodology
1. Services
At Current Prices
EXPORTS
BSP
BOP
IMPORTS
Imports Service
Item In USD
Exports Service
Item In USD
Midpoint PesoDollar Exchange
Rate
Exports Service
Item In Php
Imports Service
Item In Php
Exports of Travel Services are estimated using the data on tourist receipts from
the Department of Tourism (DOT)
Imports of Travel Services are derived from constant using the data on Travel
Tax Payment from the Philippine Tourism Authority (PTA)
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNA
Estimation Methodology
1. Services
At Constant Prices
Exports
Deflation method using
relevant price index (CPI and
WPI)
Imports
Deflation method using the
weighted average CPI of
selected trading partners of
the Philippines adjusted for
relevant exchange rates.
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNA
Some Statistics
100%
90%
Exports and Imports Percent Distribution At
Constant Prices: 2009
7.7%
21.1%
80%
70%
60%
50%
40%
92.3%
78.9%
30%
20%
10%
0%
Exports
Goods
Services
Imports
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNA
Some Statistics
Top 5 Principal Exported Goods At Constant Prices: 2009
14.0%
12.0%
11.5%
11.2%
10.0%
8.0%
6.7%
6.0%
4.0%
2.5%
2.0%
1.6%
0.0%
Semiconductors
and Electronic
Microcircuits
Finished Electrical
Machinery
Garments
Crude Coconut Oil Cathodes & Section
of Cathodes, of
Refined Copper
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNA
Some Statistics
Top 5 Principal Imported Goods At Constant Prices: 2009
18.0%
16.0%
15.8%
14.0%
12.0%
9.8%
10.0%
9.0%
8.0%
6.0%
4.1%
4.0%
3.4%
2.0%
0.0%
Electrical
Machinery,
Apparatus
and
Appliances
Mineral
Fuels,
Lubricants
and Related
Materials
Machinery
Other Than
Electrical
Machinery
Cereals and
Cereal
Products
Chemical
Elements
and
Compounds
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNA
Some Statistics
Exports and Imports of Services Percent Distribution At Constant Prices: 2009
60.0%
53.6%
50.0%
40.0%
39.7%
34.0%
33.9%
30.0%
21.2%
20.0%
10.4%
10.0%
4.5%
1.7%
0.5%
0.5%
0.0%
Miscellaneous
services
Travel
Transportation
Exports
Government
Insurance
Imports
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
REFERENCES
• NSCB, Philippines, Manual on the Philippine System of National
Accounts: Framework, Sources and Methods
• NSCB, Philippines, various National Accounts presentations
• NSCB Websites
• NSCB, Philippines, National Accounts Publication
23
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011
Maraming Salamat po!
URL: http://www.nscb.gov.ph
e-mail: info@nscb.gov.ph
24
International Workshop on Measuring GDP by Final Demand Approach NATIONAL STATISTICAL COORDINATION BOARD
MRSRomaraog/25-27 April 2011