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In the Philippines, NFIA plays a major role in boosting the national economy. From 1987 to 2002, NFIA at constant 1985 prices totaled Php406.2 billion or 3.0% of the total GNP for the period covered. On the average, it accounts for 0.7 percentage point of GNP growth. Historically, NFIA at constant prices showed negative numbers prior to 1991 due to higher outflow of property expense...

In the Philippines, NFIA plays a major role in boosting the national economy. From 1987 to 2002, NFIA at constant 1985 prices totaled Php406.2 billion or 3.0% of the total GNP for the period covered. On the average, it accounts for 0.7 percentage point of GNP growth. Historically, NFIA at constant prices showed negative numbers prior to 1991 due to higher outflow of property expense...

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