Gross Dimestic Product (GDP) accelerated by 6.1 percent, from 4.7 percent in 2003. With the moderate growth of 4.9 percent in Net Factor Income from Abroad (NFIA), coming mostly from an increase in compensation income of our OFWs, the Gross National Product (GNP) grew by a similar 6.1 percent, from 5.6 percent in the previous year.
Performance for the fourth quarter reports both growth in the GNP and GDP with 5.5% and 5.4% growths respectively.
The average monthly crime rate for the year 2004 went down to 7.79 form 8.61 in 2003.
Performance for the fourth quarter reports both growth in the GNP and GDP with 5.5% and 5.4% growths respectively.
The average monthly crime rate for the year 2004 went down to 7.79 form 8.61 in 2003.
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