THE PHILIPPINES’ top 1,000 corporations bounced back in 2021, with their combined gross revenues hitting P13.44 trillion as the economy slowly recovered from the coronavirus pandemic.
DMITRY BERDNYK-UNSPLASHbounced back in 2021, with their combined gross revenues hitting P13.44 trillion as the economy slowly recovered from the coronavirus pandemic.report, the aggregate gross revenue of the top companies jumped 17.5% in 2021, from the P11.44 trillion posted during the height of the pandemic in 2020. This was the fastest gross revenue growth since the 24.4% expansion recorded in 2001.defines aggregate gross revenue as the combination of net sales and non-operating income.
In 2021, gross domestic product expanded by 5.7% in 2021, a turnaround from the record 9.5% contraction in 2020. Similarly, nominal GDP growth or output expansion based on current prices rose by 8.1%, reversing the 8% decline in 2020.ranks private and public stock corporations based on gross revenue using the latest available full-year audited financial statements.had a gross revenue cutoff of P2.254 billion, higher than the previous edition’s P1.563 billion.
Fourteen sectors reported double-digit gross revenue growth, while two sectors, namely education and public administration and defense, saw their gross revenues decline. Two sectors, water supply and information technology and communication, posted single-digit revenue growth.
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