Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Monday, 19 August 2019 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << August 2019 >> 
S M T W T F S
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2010/08/06

Northern Mindanao remains biggest regional economy in Mindanao

by Rutchie Cabahug-Aguhob

Cagayan de Oro City (6 August) -- Northern Mindanao has maintained its position as the biggest regional economy in Mindanao, contributing 0.8 percentage points to the island's economic growth in 2009, at constant 1985 prices.

It has also the highest per capita gross regional domestic product (GRDP) of Php17,183 which is above the national average of Php15,528, Linito S. Pascual, Regional Division Head, National Statistical Coordinating Board (NSCB), region 10, said.

With this performance, however, the region's economy dropped from a growth rate of 5.2 percent in 2008 to 2.9 percent in 2009, brought about by the decline in all sectors: agriculture, fishery and forestry (AFF), industry and services.

"At constant prices" means the valuation of transactions wherein the influence of price changes from the base year to the current year have been removed while GRPD means the aggregate of the gross value added (GVA) of all resident producer units in the region.

But although Mindanao's GRDP increased from Php251.285 billion in 2008 to Php260.693 billion in 2009, its contribution to the country's GDP dropped from 3.9 percent in 2008 to 3.7 percent in 2009.

Meanwhile, the largest bulk of GRDP was posted by Region 10, Northern Mindanao with Php73.207 billion or a share of 28.1 percent, Pascual said.

The other five (5) regions of the island and their share in the GRDP were as follows: Region XI - Davao, Php67.367 billion or 25.8 percent and Region XII - South Cotabato, Cotabato, Sultan Kudarat, Sarangani and General Santos (SOCCSKSARGEN), Php50.556 billion or 19.4 percent.

Region IX - Zamboanga Peninsula, Php38.197 billion or 14.7 percent, Region XIII - Caraga, Php18.96 billion or 7.3 percent and lowest in the Autonomous Region of Muslim Mindanao (ARMM) with Php12.41billion or 4.8 percent. (PIA 10) [top]

  prev  next  »|
DAILY NEWS LIST:
»Northern Mindanao remains biggest regional economy in Mindanao
»Northern Mindanao ranks 5th in regional economies in RP
»Northern Mindanao has 3rd highest per capita GRDP
»DENR, aggie schools to hold advocacy campaigns on biodiversity conservation, management
»Legislator condemns killing of Lanao Norte prosecutor
»2 killed, 1 wounded in Lanao Sur shooting incident
»Lanao Norte hosts iTax regional conference 2010
»NDCC warns fisherfolk against going out to sea
»Tagalog News: 3 matataas na opisyal ng DOJ maaaring "midnight appointees"
»Tagalog News: Ombudsman sinuspende ang isang opisyal ng BOC dahil sa unexplained wealth
  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines