The country’s gross savings reached P4.90 trillion in 2022, a 26.6 percent growth from 2021 when total savings dropped from the previous year due to the impact of the COVID-19 pandemic.
The increase in the amount of gross savings could drive investments needed by the economy for future growth.
Data from the Philippine Statistics Authority show non-financial corporations reporting the highest gross saving with P4.16 trillion, followed by financial corporations with P1.54 trillion.
Data also show dissaving, which happens when spending is higher than income, by general government and households, including non-profit institutions serving households of P0.009 trillion and P0.79 trillion, respectively.
Among the factors of production, gross operating surplus posted the highest share of 55.8 percent in 2022. This was followed by compensation of employees at 36.4 percent, and taxes less subsidies on production and imports at 7.8 percent.
Data show the country’s gross national disposable income valued at P24.93 trillion in 2022, up 15.9 percent from 2021.
