Region X Economy Expands at a Slower Rate by 5.9% in 2019

The economy of Region X grew by 5.9 percent in 2019, slower compared to the 7.1 percent growth recorded in 2018.

The main drivers for growth in 2019 were Wholesale and retail trade, repair of motor vehicles and motorcycles (contribution of 1.9 percentage points), Construction (contribution of 0.7 percentage point), and Education with a contribution of 0.6 percentage point. (Table 1)

IndustryGrowth Rate2018-2019Contribution to Growth2018-2019
(in %)(in percentage points)
Agriculture, forestry, and fishing1.50.4
Industry3.80.9
01. Mining and quarrying-12.2-0.1
02. Manufacturing1.50.2
03. Electricity, steam, water and waste             Management2.40.1
04. Construction8.40.7
Services8.54.6
01. Wholesale and retail trade; repair
              of motor vehicles and motorcycles
7.31.9
02. Transportation and storage6.50.2
03. Accommodation and food service activities7.70.2
04. Information and communication3.80.1
05. Financial and insurance activities8.40.3
06. Real estate and ownership of dwellings6.90.3
07. Professional and business services5.70.1
08. Public administration and defense;
             compulsory social activities
19.20.5
09. Education18.70.6
10. Human health and social work activities6.10.1
11. Other services13.70.1
Gross Regional Domestic Product5.95.9
   
Table 1. Gross Regional Domestic Product of Northern Mindanao by Industry
Growth Rate 2018-2019 (in percent) and Contribution to Growth 2018-2019 (in percentage point), At Constant 2018 Prices

Services recorded the fastest growth of 8.5 percent among the major industries. Public administration and defense; compulsory social activities had the fastest increase of 19.2 percent, followed by Education with an increase of 18.7 percent and Other Services with 13.7 percent. (Table 1)

Industry also grew by 3.8 percent with Construction as the fastest growing sub-industry with a recorded growth of 8.4 percent. On the other hand, Mining and Quarrying suffered a contraction of 12.2 percent. (Table 1)

Agriculture, forestry, and fishing also grew by 1.5 percent. (Table 1)

Gross Regional Domestic Product100.0100.0100.0

Among the sub-industries, the three biggest sub-industries in 2019 were the following: Wholesale and retail trade; repair of motor vehicles and motorcycles with a share of 27.0 percent, followed by Agriculture, forestry, and fishing accounting for 20.3 percent, and Manufacturing with a share of 11.0 percent. (Table 2)

Per Capita GRDP

The value of the economic output accounted for each person in the region is described by per capita GRDP. Per capita GRDP in Region X increased by 4.5 percent recording a value of PhP 175,373 in 2019.

Region 10 vis-à-vis Other Regions

Region 10 was the ninth fastest growing regional economy in the Philippines in 2019.

It was one of the eleven regional economies which posted a growth rate lower than the national growth rate of 6.0 percent. (Figure 1)

Figure 1. Gross Regional Domestic Product by Region

Growth Rates 2018-2019, At Constant 2018 Prices

By sub-industry, the region recorded the highest increase in Public administration and defense; compulsory social activities among the 17 regions. Likewise, the region ranked first in terms of growth rate in Professional and Business Services. Moreover, the region recorded the second highest increase in Real Estate and Ownership of Dwellings, and third in Education. (Table 3)

IndustryGrowth Rate2018-20192019 National Ranking 
 (in %)
Agriculture, forestry, and fishing1.58th
Industry3.88th
01. Mining and quarrying-12.215th
02. Manufacturing1.511th
03. Electricity, steam, water and waste             management2.415th
04. Construction8.45th
 
Services8.58th
01. Wholesale and retail trade; repair
              of motor vehicles and motorcycles
7.311th
02. Transportation and storage6.58th
03. Accommodation and food service activities7.78th
04. Information and communication3.815th
05. Financial and insurance activities8.417th
06. Real estate and ownership of dwellings6.92nd
07. Professional and business services5.71st
08. Public administration and defense;
             compulsory social activities
19.21st
09. Education18.73rd
10. Human health and social work activities6.19th
11. Other services13.78th
 
Gross Regional Domestic Product5.99th
   
Table 3. Gross Regional Domestic Product of Northern Mindanao by Industry
Growth Rates 2018-2019 (in percent) and National Ranking
At Constant 2018 Prices

In terms of the percentage share to the Philippine economy, Northern Mindanao had the seventh biggest share to the Philippine economy at 4.5 percent. (Figure 2) Moreover, Region X contributed 0.3 percentage point to the Philippine economic growth of 6.0 percent in 2019, making it the seventh biggest contributor to the GDP growth.

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