economic situationer central visayas 2012. sectoral share of grdp
TRANSCRIPT
Economic SituationerEconomic SituationerCentral VisayasCentral Visayas
20122012
SECTORAL SHARE OF GRDP
2012 Performance
Central Visayas economy grew faster in 2012 with impressive performances of key industries:
• tourism
• business process outsourcing
• retail trade
… and positive performance of exports
• construction
-2
0
2
4
6
8
10
12
14
2010 2011
7.9 %
12.5 %fastest in 2010
second fastest in 20119.6 %
fastest in 2011
Top 5 in 20101.Central Visayas (VII) – 12.5%2.CALABARZON (IVA) – 11.1%3.Central Luzon (III) – 10.7 %4.Metro Manila (NCR) – 7.6%5. CARAGA (XIII) – 7.4%
Top 5 in 20111.CARAGA (XIII) – 9.6 %2.Central Visayas (VII) – 7.9%3.Central Luzon (III) – 7.5 %4.Western Visayas (VI) – 5.5 %5. Cagayan Valley (II) – 5.4 %
GRD
P Grow
th Rate
Central Visayas is among the fastest growing regions in PHL
Tourism expanded further
02468
101214161820
2006 2007 2008 2009 2010 2011 2012
ASEAN Summit
Global Financial
Crisis
Percentage Increase in Total Visitor Arrivals: Central Visayas 2006- 2012
Source: DOT Regional Office 7
Revenues in BPO surged
0
100
200
300
400
500
600
Am
ou
nt
(In
Mil
lio
n U
S$
)
2010 2011 2012
Region
333.6M
424.2 M
516.8 M
27.2 %
21.8 %
Retail trade benefited from booming tourism & BPO industries
• Opening up of new shopping malls
• Manila-based retailers setting up shop (i.e. Seven-eleven and Mini Stop)
• Expansion projects of SM and Ayala Center
Construction sector upbeat
IndicatorNumber of Projects
Total Bohol Cebu Negros Or. Siquijor
2011 13,097 3,702 6,222 3,037 136
2012 13,139 3,304 6,375 3,314 146
Net Addition 42 (398) 153 277 10
Number of New Construction Projects2011- 2012
Source: National Statistics Office
Exports turned in positive performance
Value of Exports and ImportsJanuary to July: 2011 & 2012
Source: National Statistics Office
Trade IndicatorValue (FOB in Million US Dollars)
2011 2012 PercentInc/(Dec)
TOTAL 2,213.54 3,855.68 74.2
Import 1,012.39 1,649.62 62.9
Export 1,201.15 2,206.06 83.7
Balance of Trade 188.76 556.44 -
Challenges
• Agriculture was not able to sustain growth in 2011
• Better performance of the economy did not make a significant impact on labor market
employment rate lower for most part of 2012
underemployment slightly up; breaching 20 percent mark in 2012
• Central Visayas’ inflation rate was highest among the regions in the country at 5.1%
Good Day!