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In 1991, it started recording positive levels attributable to the strong inflow of compensation and property income. The following year, 1992, it posted its highest growth of 237.0% due to the 19.3% drop in property expense and 6.7% increase in compensation.
Recent figures show that from 1998 to 2002, total NFIA at constant prices amounted to Php307.3 billion pesos or 6.0% of the total GNP. Moreover, it now accounts for 0.8 percentage point of GNP growth. Over the last five years, NFIA reached its highest growth of 24.0% in 2000 backed by strong contribution of property income and compensation inflow...
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Common topics in this essay:
- China's Economic Growth Due To Recent Foreign Policies
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