MANILA, Philippines — The country’s total gross savings reached P7.70 trillion in 2024, growing steadily across all institutional sectors, according to the Philippine Statistics Authority (PSA).

Leading the pack were non-financial corporations, which accounted for the bulk of the savings with ₱4.96 trillion, followed by financial corporations with ₱1.98 trillion, households and non-profit institutions serving households (NPISHs) with ₱393.31 billion, and the general government with ₱364.98 billion.

The PSA’s data forms part of the 2024 Consolidated Accounts and Income and Outlay (CAIO) report, which tracks the economic activities of different institutional sectors based on current prices.

In terms of value-added components, gross operating surplus contributed the largest share at 57.0 percent, followed by compensation of employees at 34.8 percent, and taxes less subsidies on production and imports at 8.2 percent.

The country’s Gross National Disposable Income (GNDI), or the total income available for the nation’s use, stood at ₱31.68 trillion, marking a 10.5 percent growth from the previous year.

The CAIO provides a comprehensive snapshot of economic activity, covering production, income, consumption, accumulation, and interactions with the rest of the world. It is compiled annually by the PSA to guide policymaking and assess the country’s macroeconomic health.