A further gratifying aspect of the economy's current performance is the acceleration in real fixed capital formation, so necessary to boost the future production potential of the economy. From a contraction in 1999, real fixed capital formation reversed to 0,8 per cent growth in 2000, 3,6 per cent growth in 2001 and 7,6 per cent year-on-year growth in the third quarter of 2002.
From only Php 2.6 billion in December 2002 serving around 390,000 borrowers, the financial inclusion portfolio as of September 2011 is over Php 7 billion with nearly a million borrowers. What makes this impressive is not its nominal amount. Rather, it is the fact that the portfolio growth translates to an annualized expansion of 12% per annum.