Net Factor Income from Abroad

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OFW compensations have a percentage share of 141.5% to NFIA. They are a major source of the country's regular foreign exchange income, which not only helps push the peso up but also spurs economic growth.
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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...
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