RP National Income Acts

PER CAPITA: GROSS DOMESTIC PRODUCT, GROSS NATIONAL 
PRODUCT, and PERSONAL CONSUMPTION EXPENDITURE
Annual 2008 and 2009
AT CURRENT AND CONSTANT 1985 PRICES, IN PESOS

 

* - 2000 Based Population Projections, National Statistics Office

Source: National Statistical Coordination Board (NSCB)

PER CAPITA: GROSS DOMESTIC PRODUCT, GROSS NATIONAL 

PRODUCT, and PERSONAL CONSUMPTION EXPENDITURE

Annual 2009 and 2010

AT CURRENT AND CONSTANT 1985 PRICES, IN PESOS

* - 2000 Based Population Projections, National Statistics Office

Source: National Statistical Coordination Board (NSCB) 

Source: National Statistical Coordination Board (NSCB)

What is GNP?

Gross National Product (GNP) is the market value of all products and services produced in one year by labor and property supplied by the residents of a country. Unlike Gross Domestic Product (GDP), which defines production based on the geographical location of production, GNP allocates production based on ownership.

GNP does not distinguish between qualitative improvements in the state of the technical arts (e.g., increasing computer processing speeds), and quantitative increases in goods (e.g., number of computers produced), and considers both to be forms of "economic growth".

What is GDP?

Gross domestic product (GDP) refers to the market value of all final goods and services produced in a country in a given period. GDP per capita is often considered an indicator of a country's standard of living.

GNP vs. GDP

Gross National Product (GNP) is often contrasted with Gross Domestic Product (GDP). While GNP measures the output generated by a country's enterprises - whether physically located domestically or abroad - GDP measures the total output produced within a country's borders - whether produced by that country's own firms or not.

When a country's capital or labor resources are employed outside its borders, or when a foreign firm is operating in its territory, GDP and GNP can produce different measures of total output.

-----JVA-----

US Economic Crises

Actually the strength of bid for govt debt even in countries like the Us and UK given their current poor fiscal position is very worrying because of what it really signals.

It is signalling that a great deal of the world from individuals to companies and now to countries have become very risk averse to the degree where capital preservation is completely overshadowing the issue of return on capital.The big problem with this mindset is what it bodes for any increase in investment and expansion without which job growth is going to struggle.

This appears to be a backlash from 2008 that is simply creating a very poor macro economic picture. These markets are being supported by the big banks and the Fed to generate confidence but the numbers don't lie. Within ten years your $1,000 bond will be worth $404 at present inflation rates. In that time you will have collected a total of $214 not adjusted for inflation. Inflation is only 11.5% if a) your lone economist is right and b) if you're in the USA. On the whole it's institutions who are buying US bonds in order to diversify their risk. The yield isn't that important in a time of recession when investing in companies is high risk.

As for gold and silver, yes they could rise rapidly. However if the world economies settle down and we have a time of low growth and no shocks their prices will plumit.

Less money in Uncle Sam's pocket?

United States of America known as one of the powerful country in the world is said to be in its crucial situation. With this stocks hitting down it really affects not only America but also the other countries. Uncle Sams currency is weakening, causing a doubt for investors to put their golds in an unsure hit or situation; and because of this its like a virus that will affect the system. Like the massive rate of lost in employment from middle class down to bottom. Eased concerns that the economy was heading back into recession as feared by investors, and buoyed U.S. stocks. As we look back starting the year of 2000 we have seen that the Americans are so found of using credit line resulting to this years that this debts are putting Uncle Sam’s money to nowhere; like a trash being thrown in the garbage.

Why are we experiencing this? Actually reading the news and seeing this on t.v, If America is experiencing this economic crisis other countries will also encounter this situations and worst it will hit poor countries in a massive pace. If this so will continue to happen; worst poverty is with-in reach and gaining back the lost wealth is a sweat to perspire double time. Can we site some reason why this things happened? From the war to the debts and the prize hikes are some results of economic downfall.

_ANN_

PNoy's second SONA

"Let us stop pulling our fellow man down. Let us put an end to our crab mentality. Let us make the effort to recognize the good that is being done."

"Let us end the culture of negativism; let us uplift our fellow Filipinos at every opportunity."

"If you see something right, do not think twice—praise it."

For me this is the best part Pnoy had said in his SONA. Not the " wangwang" thing which it was almost the center of his speech. Although the wangwang did help a lot in the society most specially in roads it lessen of giving VIP treatment to the authorities and to the traffic violators but still this is not the real problem of our society. There are a lot of things that should be observe and do something to solve the problem. There are also some issues that he didn't talked about like the RH BILL and the DIVORCE BILL and he didn't even shared his plan for the next five years and we are all clueless.

But as a whole it wasn't bad at all. He used our own language and stood up in front of many Filipino people with confidence. In his statement we have heard that there is a progress in our country and we couldn't question that because we also can see through our own eyes.

It is a great start for PNoy and I hope that he could continue and do his promises he had made to us. And I know he could not do this alone that's why we Filipino citizens should also do our part to help our country to have a better society and it will only happens if we ourselves knows what to do and choose the right thing.

-DEA

P-Noy 2nd SONA

President Benigno " Noynoy" Aquino III has deliver his second SONA last  July 25, 2011 at the Batasang Pambansa.

President Benigno “Noynoy” Aquino III seemed to have pleased the audience of his second State of the Nation Address, as he received more applause than he did last year.

He received the longest round of applause when he said, “Malinaw ang pahiwatig natin ngayon sa buong mundo: Ang sa Pilipinas ay sa Pilipinas.”

He added that the Philippines is ready to defend what really belongs to the country and that the government is considering to bring the case of the West Philippine Sea to the International Tribunal for the Law of the Sea.

The newly appointed Ombudsman former Supreme Court Justice Conchita Carpio-Morales was also lauded by the audience.

“Inaasahan ko nga po na sa taon na ito, masasampahan na ng kaso ang lahat ng nagkuntsabahan sa katiwalian, at naging sanhi ng situwasyong ating inabutan,” Aquino said.

Aquino received loud reactions from the crowd when he disclosed that PAGCOR spent one billion pesos on coffee which amounted to 10 million cups of coffee in a year.

“Baka po kahit ngayong iba na ang pamunuan ng PAGCOR ay dilat na dilat pa rin ang mata ng mga uminom ng kapeng ito. Hanapin nga po natin sila, at matanong: nakakatulog pa po ba kayo,” the president said, inserting sense of humor in his speech.

Im quite satisfied for his accomplishment for a one year in service.President Noynoy Aquino refers “wang-wang” as graft and corruption, abuse of power, and other illegal activities of some government officials and even from the private sector.

“Midnight bonuses” at some government corporations, his discovery of PCSO’s billion-peso worth of coffee expenditure during the past term, the multi-million peso unliquidated cash-advances within DPWH, which now incumbent Secretary Singson is running after, along with a string of other anomalies; and the alleged rigging of the 2004 Presidential elections in ARMM, which his administration now actively investigates represent his will to reform the corrupt government he was handed down with.

Hope he will continue to serve the Filipino people with honesty and integrity.

PNoy's SONA 2011

July 25, 2011 (Monday), the day when President Benigno Aquino III delivered his 2^nd State of the Nation Address (SONA). It was my first time to hear a president using Filipino language for the entire speech because our previous presidents normally use English language. I think that means Pnoy’s SONA is exclusively for the Filipino and not a means to impress anyone in other countries. I personally admired him for that.

As usual, Pnoy started and repeatedly mention his favorite word wang wang and utak wang wang in his speech. He reminded us on what he promised during his inauguration, which is the removal of corruption in our country. I hope that corruption can take away by Pnoy even though i know that it was so hard. I'll support you for that. And Of course, he mentioned the accomplishments done within the year like the self-rated hunger has gone down from 20.5% in March to 15.1% this June—equivalent to a million Filipino families who used to go hunger, an estimated yearly shortage of 1.3 million metric tons is down to 660,000, a 15.6 percent increase in rice production, lesser cases of car and motorcycle theft, lower unemployment rate and there is a new road that was built in Barangay Bagumbayan in Sta. Maria, Laguna,  clean water that residents in Barangay Poblacion in Ferrol, Romblon are now enjoying  and others.

Yes, Pnoy mentioned a lot of accomplishments and comparison  from the former presidents, but there are things that Pnoy didn’t mention like about his opinion about RH bill, if he is going to support it or not.

Reflecting on his SONA, I believe that it’s about time for us to do our part, we should have to be cooperative and discipline, stop saying that there’s still no progression or slow progression, what I can say is wait. A thousand miles of journey starts with a single step. It’s only been one year, there are still 5 years to come, I know there are so many things will happen within those years, just be patient. Remember that Pnoy is human not a god, he can’t just snap and things will happen like a magic. Being a president comes with big responsibility, a single mistake will make a large effect. It’s harder than any other jobs. I hope that he will keep and make his promises come true! Let’s just believe in him and to his words.

-----JVA-----

An Evaluation on the Economic Programs of Aquino Administration

“Kung walang corrupt, walang mahirap”

Mr. Benigno Simeon “Noynoy” Aquino

It has been a year since Mr. Benigno Simeon “Noynoy” Aquino assumed the post of presidency. His encouraging slogan “kung walang corrupt, walang mahirap” simply caught the interest of voters. The president is seen as a man of good intentions and the one who tries to make things right for the country. And now, let’s relate this catchphrase with the economic reforms and economic situation of the Philippines, a year after the he has taken the post.

Forwarding to the economic reforms of the new administration, he started it by cleaning the corrupt agencies. From there, he will start his “daang matuwid (straight path)” towards the success of the country. Mr. Aquino promised to crack down two things; Tax Evasion and Smuggling. In a year term of the new administration, he was able to increase the tax collection without imposing new taxes. Mr. Aquino visualizes a country where taxes are lower and where markets are free to encourage entrepreneurs and enterprises to invest for jobs to be created. The president together with his team wants to make a big leap by shifting the country from being a poor one into a middle class country. 

 

 

As Mr. Aquino once said: “My vision is to transform our country into one where we have lower tax rates enjoyed by all, rather than have some enjoy absolute tax exemptions while we burden the rest of the economy with very high tax rates. I believe that markets are better than government in spotting where the growth opportunities are, and, with universal low tax rates, we will encourage entrepreneurs and enterprises to invest and create jobs in any industry. We will therefore, pursue the rationalization of fiscal incentives early in my administration.”

Hand in hand with customs, the new administration is bound to eradicate the industry of smuggling. With this, any amount going to corruption may be used for government projects and can be used in the betterment of the country.