Zamboanga Peninsula’s economy posted the fastest growth among the country’s 17 regions with a robust growth of
12.4 percent in 2012 from a modest growth of 0.1 percent in 2011. This was followed by: Caraga with 10.6 percent; Central Visayas, 9.3 percent; Cagayan Valley, 8.2 percent; and SOCCSKSARGEN with 8.1 percent.
On the other hand, the economy of Eastern Visayas contracted by
6.2 percent in 2012 from a 2.1 percent growth in 2011. The other regions that posted decelerated growths were Cordillera Administrative Region (CAR), with 1.0 percent from 1.3 percent; and Central Luzon, with 6.3 percent from 7.1 percent.
Growth Rates of Regional Economies:
2010-11 and 2011-12, at Constant 2000 Prices
Fourteen regions post accelerated growths
Out of the country’s 17 regions, fourteen regional economies posted accelerated growths from 2011 to 2012.
Zamboanga Peninsula posted the highest growth as its economy soared from a modest growth rate of
0.1 percent in 2011 to a robust growth of 12.4 percent in 2012. Other regions which experienced accelerated growths were: NCR, from 3.1 percent to 7.3 percent; Ilocos, 2.4 percent to 5.2 percent; Cagayan Valley, 5.6 percent to 8.2 percent; CALABARZON, 1.7 percent to 7.0 percent; MIMAROPA, 3.1 percent to 4.2 percent; Bicol, 1.9 percent to 7.1 percent; Western Visayas, 6.2 percent to 7.5 percent; Central Visayas, 6.8 percent to 9.3 percent; Northern Mindanao, 5.8 percent to 7.4 percent; Davao Region, 3.7 percent to 7.4 percent; SOCCSKSARGEN, 5.3 percent to 8.1 percent; Caraga, 8.5 percent to 10.6 percent; and, the Autonomous Region in Muslim Mindanao (ARMM) from negative 0.3 percent to 1.2 percent.
Meanwhile, the growth rate of Eastern Visayas’ economy nosedived by
8.3 percentage points from 2.1 percent in 2011 to negative 6.2 percent in 2012 while that of CAR and Central Luzon dropped by 0.3 percentage point and 0.8 percentage point, respectively.
NCR remains top contributor to the national economy
NCR continued to have the largest share of the country’s total output with a
35.7 percent share in 2012, slightly higher than the 35.6 percent recorded in 2011. It was followed by CALABARZON with a share of 17.4 percent and Central Luzon with 9.2 percent. On the other hand, ARMM had the lowest share of 0.8 percent of the country’s GDP.
Gross Regional Domestic Product, 2011 and 2012
Percent Distribution, in Percent
(at constant 2000 prices)
Source: National Statistical Coordination Board
In terms of share to the national GDP growth of
6.8 percent in 2012, NCR contributed 2.6 percentage points, followed by CALABARZON with 1.2 percentage points and Central Luzon with percentage point 0.6 percentage point. ARMM, on the other hand, had a meager contribution of 0.01 percentage point.