Zamboanga Peninsula posts 12.4 percent economic growth in 2012; highest among all regions

Zamboanga Peninsula’s economy soared 12.4 percent in 2012 from 0.1 percent in 2011. This was the fastest growth in 2012 among the country’s 17 regions. The impressive economic performance of the region was brought about by the accelerated growths of the Industry and Services sectors.

The top five fastest growing regions in 2012 also included 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.

Out of the country’s 17 regions, fourteen regions posted accelerated growths from 2011 to 2012 with Zamboanga Peninsula posting the biggest jump with 12.3 percentage points. This was followed by CALABARZON (5.3 percentage points), Bicol (5.2 percentage points), Metro Manila (4.2 percentage points) and Davao Region (3.7 percentage points). 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 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.

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 0.6 percentage point. ARMM, on the other hand, had a meager contribution of 0.01 percentage point.

The economies of Luzon (excluding NCR) and Mindanao island groups posted accelerated growths from 2011 to 2012. Luzon’s economy (excluding NCR) accelerated from 3.3 percent in 2011 to 6.3 percent in 2012 while the economy of Mindanao posted a robust growth of 8.2 percent in 2012, almost double its 4.2 percent growth in 2011. Meanwhile, the economy of the Visayas island group remained constant with 5.6 percent growth in 2011 and 2012.

NCR posted the highest per capita GRDP at PhP183,747, nearly three times the national average. This level of per capita GRDP was 5.6 percent more than NCR’s per capita GRDP in 2011. Aside from NCR, two other regions, CALABARZON and CAR likewise had per capita GRDP higher than the national average at PhP82,393 and PhP73,573, respectively. Meanwhile, ARMM had the lowest per capita GRDP among the regions at PhP14,321.

The NCR posted the highest per capita index relative to the national average at 278.8 with CALABARZON a distant second at 125.0 and CAR, third at 111.6. All 14 other regions have indices lower than the national average with ARMM at the bottom at 21.7.

JOSE RAMON G. ALBERT
Secretary General

Contact Persons

Raymundo J. Talento / Candido J. Astrologo, Jr.
Tel. No.: (+6 32) 890-8456
E-mail: rj.talento@nscb.gov.ph / cj.astrologo@nscb.gov.ph
– See more at: http://www.nscb.gov.ph/pressreleases/2013/PR-20130725-SN1-02_2012GRDP.asp#sthash.BQDhlaSI.dpuf