All regions of the Philippines posted positive economic growth in 2016

Reference Number:
2017-044
Release Date: Thursday, May 4, 2017
All seventeen regions posted positive economic growth from 2015 to 2016 with Eastern Visayas’ economy growing the fastest. Ten regions recorded accelerated economies during the year: Eastern Visayas (12.4 percent); Central Luzon (9.5 percent); Central Visayas (8.8 percent); Ilocos Region (8.4 percent); Northern Mindanao (7.6 percent); SOCCSKSARGEN (5.0 percent); Davao Region (9.4 percent); National Capital Region (NCR) (7.5 percent); MIMAROPA (2.7 percent); and ARMM (0.3 percent).   
 
The following regions’ economies also grew, but at a slower pace: Bicol Region (5.7 percent); Zamboanga Peninsula (4.7 percent); Western Visayas (6.1 percent); Caraga (2.5 percent); Cordillera Administrative Region (2.1 percent); CALABARZON (4.8 percent); and Cagayan Valley (3.3 percent).
 
NCR continues to account for the largest share of the national economy
 
NCR continued to have the largest share of the country’s Gross Domestic Product (GDP) at 36.6 percent. It was followed by CALABARZON with a 16.8 percent share and Central Luzon with a 9.5 percent share.
 
In terms of contribution to the GDP growth rate of 6.9 percent in 2016, NCR contributed the most with 2.7 percentage points, followed by Central Luzon with 0.9 percentage point and CALABARZON with 0.8 percentage point. All other regions also contributed positively to the growth.
 
Real per capita Gross Regional Domestic Product (GRDP) of NCR nearly three times the national per capita GDP
 
The average real per capita GDP of the Philippines increased from PhP 74,833 in 2015 to PhP 78,712 in 2016 or by 5.2 percent.
 
NCR posted the highest per capita GRDP at PhP 232,836 in 2016, nearly three times the national average and 6.3 percent higher than in 2015. Aside from NCR, only CALABARZON posted real per capita GRDP higher than the national average at PhP 94,826.
 
 
 
LISA GRACE S. BERSALES, Ph.D.
National Statistician and Civil Registrar General
 
 
See more at the GRDP landing page.