Fastest Growing Regions in the Philippines
Zamboanga Peninsula of Region IX in the Mindanao posted the fastest economic growth among the 17 regions in 2012, according to the National Statistical Coordination Board (NSCB).
Region IX expanded 12.4 percent year-on-year in 2012, on the back stronger industry and services sectors.
This was followed by Caraga Region with 10.6 percent growth; Central Visayas, 9.3 percent; Cagayan Valley, 8.2 percent; and SOCCSKSARGEN with 8.1 percent.
SOCCSKSARGEN groups the provinces of South Cotabato, Cotabato, Sultan Kudarat and Sarangani as well as General Santos City.
Calabarzon also finished the year strong with a growth of 5.3 percent, followed by Bicol with 5.2 percent; Metro Manila, 4.2 percent; and Davao Region, 3.7 percent.
Meanwhile, the economy of Eastern Visayas contracted 6.2 percent in 2012, following a 2.1 percent growth in 2011.
NCR or Metro Manila 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.
The Autonomous Region in Muslim Mindanao had the lowest share of 0.8 percent of the country’s gross domestic product.
The NSCB said in terms of share to the GDP growth, 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 meagre 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, or almost double its 4.20percent 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 income at PhP312,137, or three times the national average of PhP110,314. Two other regions, Calabarzon and Cordillera Administrative Region had per capita income higher than the national average at PhP132,899 and PhP126,843, respectively. Meanwhile, ARMM had the lowest per capita GRDP at PhP27,819.