Net Factor Income From Abroad
Net Factor Income from Abroad (NFIA) refers to the net flow of property income to and from the rest of the world (net payments on income) plus the net flow of compensation of employees (net receipts on compensation). The NFIA is added to the Gross Domestic Product (GDP) to come up with the Gross National Product (GNP).
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 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......
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