The Philippine Statistics Authority (PSA) announced on Thursday that the country's gross savings had a significant increase of 26.6% in 2022, totaling P4.90 trillion.
According to the statement released by the agency, non-financial corporations exhibited the highest gross saving among institutional sectors, amounting to P4.16 trillion. Financial corporations followed closely behind, with savings reaching P1.54 trillion.
"In terms of the institutional sectors, Non-financial corporations comprised the highest gross saving with PhP 4.16 trillion. This was followed by Financial corporations with PhP 1.54 trillion," the PSA statement read.
On the other hand, during the same period, the general government and households, including non-profit institutions serving households, recorded dissavings of -P0.009 trillion and -P0.79 trillion, respectively.
Regarding the factors of production, gross operating surplus accounted for the largest share in 2022, standing at 55.8%, followed by compensation of employees at 36.4%, and taxes less subsidies on production and imports at 7.8%.
The country's gross national disposable income in 2022 reached P24.93 trillion, indicating a substantial 15.9% increase compared to the previous year.
These findings originate from the consolidated accounts and income and outlay accounts, which the PSA compiles on an annual basis, reflecting data at current prices.
