republic of the philippines philippine statistics …rsso07.psa.gov.ph/sites/default/files/2017 grdp...

Republic of the Philippines

Philippine Statistics Authority

1



2017 REPORT

ON THE ECONOMIC PERFORMANCE OF

CENTRAL VISAYAS

Mezzo Hotel, Cebu City26 April 2018, 10:00 am

ENGR. ARIEL E. FLORENDORegional Director

Philippine Statistics AuthorityRegional Statistical Services Office VII

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Highlights of the

2017 GROSS REGIONAL

DOMESTIC PRODUCT

of

CENTRAL VISAYAS

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Outline of Presentation

I. Levels of GRDPII. Growth Rates of Central VisayasIII. Sectoral Distribution by SubsectorIV. Contribution to GrowthV. Per Capita GRDPVI. Performance of Central Visayas vis-à-vis

Other RegionsVII. Sources of dataVIII. Announcements



5

460.3482.9

524.6

551.2

250

300

350

400

450

500

550

600

2014 2015 2016 2017

In b

illio

n p

eso

s

Year

ECONOMIC PERFORMANCE

Gross Regional Domestic Product, Central Visayas : 2014-2017At Constant 2000 Prices, In Billion Pesos

4.9%

8.6% 5.1%

Source: Philippine Statistics Authority

0



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Growth Rates

9.4

7.47.8

4.9

8.6

5.1

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

11-12 12-13 13-14 14-15 15-16 16-17


Gross Regional Domestic Product, Central Visayas: 2012-2017Growth (in percent), 2012 to 2017



Comparative GDP Growth of Philippines and Central Visayas:

2016 and 2017, in percent

Growth Rates

AREA 2015-2016 2016-2017

Philippines 6.9% 6.7%

Central Visayas 8.6% 5.1%

7Source: Philippine Statistics Authority



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INDUSTRYYEAR

2015-2016 2016-2017I. AGRICULTURE, HUNTING, FORESTRY AND FISHING (0.2) 7.0

a. Agriculture and Forestry (1.0) 9.6

b. Fishing 4.7 (8.5)

II INDUSTRY 14.1 3.0

a. Mining and Quarrying 1.0 (5.5)

b. Manufacturing 6.0 5.5c. Construction 38.3 (0.9)

d. Electricity, Gas and Water Supply 7.0 (0.9)

III SERVICES 6.0 6.3

a. Transportation, Storage and Communication 5.3 5.2

b. Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods

5.0 5.2

c. Financial Intermediation 4.1 7.7

d. Real Estate, Renting and Business Activities 7.1 7.9

e. Public Administration and Defense; Compulsory Social Security 7.7 8.4

f. Other Services 7.7 5.8

GROSS DOMESTIC PRODUCT 8.6 5.1

Growth Rates by Industry: Central Visayas

Growth Rates of

Industry/Sub-Industry




SERVICES56.3%

INDUSTRY38.2%

AHFF5.5%

Percent Distribution by Industry and Sector: Central Visayas, 2017


MAQ2.1%

MFG64.1%

Cons29.5%

EGWS4.3%

Agriculture and

Forestry87.5%

Fishing12.5%

Trade26.7%

OS21.2%

RERBA20.1%

TSC13.7%

FI13.2%

PAD5.0%



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Sectoral Contributions to Growth by Industry: Central Visayas2016 to 2017 (At Constant 2000 Prices), in percentage points

Contribution to Growth

INDUSTRY/YEAR 2016 2017

I. AGRICULTURE, HUNTING, FORESTRY AND FISHING (0.0) 0.4

a. Agriculture and Forestry (0.1) 0.4

b. Fishing 0.0 (0.1)

II INDUSTRY 5.2 1.2

a. Mining and Quarrying 0.0 (0.0)

b. Manufacturing 1.5 1.3

c. Construction 3.6 (0.1)

d. Electricity, Gas and Water Supply 0.1 (0.0)

III SERVICES 3.4 3.5

a. Transportation, Storage and Communication 0.4 0.4

b. Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods

0.8 0.8

c. Financial Intermediation 0.3 0.6

d. R. Estate, Renting and Business Activities 0.8 0.9

e. Public Administration and Defense; Compulsory Social Security

0.2 0.2

f. Other Services 0.9 0.7

GROSS REGIONAL DOMESTIC PRODUCT 8.6 5.1




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Per Capita GRDP: Central VisayasAt Constant Prices, 2017

64,846

69,315

71,677

59,000

61,000

63,000

65,000

67,000

69,000

71,000

73,000

2015 2016 2017

In P

eso

s

Year

2017 Per Capita Index to National Average: 86.8

3.4 %


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Performance of Central Visayasvis-à-vis the other Regions

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13

2016-217


0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

PHILIPPINESNCR CAR I II III IVA V VI VII VIII IX X XI XII XIII ARMM

12.1%10.9%

9.3%

MIMAROPA

5.1%

Regional Growth Rates: 2016-2017

(At Constant 2000)

6.7%



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ARMM

IVA VIII

I II MIMAROPANCR

V VI VII IX

X XI XII XIII

CAR III

Structure of the Regional Economies: 2017

AHFF ServicesIndustrySource: Philippine Statistics Authority



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GRDPTree Map

(in billion pesos)

2017


GRDPTree Map

(in billion pesos)

2017

NCR3,159

CALABARZON1,456

CENTRAL LUZON845

VII551

XI370

VI351

X323

I272

XII231

VIII174

V172

IX168

CAR153

II150

MIMAROPA133

XIII103

ARMM55



Per Capita GRDP By Region: 2015 to 2017

At Constant 2000 Prices, in pesos

REGIONYEAR

2015 2016 2017

PHILIPPINES 74,833 78,676 82,592

NATIONAL CAPITAL REGION 218,987 232,739 244,453

CORDILLERA ADMINISTRATIVE REGION 75,048 75,401 83,044

ILOCOS 46,180 49,474 51,728

CAGAYAN VALLEY 38,436 39,344 41,600

CENTRAL LUZON 63,641 68,634 73,921

CALABARZON 92,184 94,811 99,328

MIMAROPA 39,575 39,784 41,421

BICOL 25,770 26,686 27,504

WESTERN VISAYAS 39,653 41,417 44,296

CENTRAL VISAYAS 64,846 69,315 71,677

EASTERN VISAYAS 33,771 37,144 37,125

ZAMBOANGA PENINSULA 41,873 43,043 43,300

NORTHERN MINDANAO 60,290 63,771 66,499

DAVAO REGION 61,335 65,913 71,762

SOCCSKSARGEN 44,178 45,459 48,240

CARAGA 35,553 35,537 36,308

AUTONOMOUS REGION IN MUSLIM MINDANAO 13,646 13,366 13,98916





Per Capita GRDP By Region: 2017

At Constant 2000 Prices, in pesos



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Summary• The economy of Central Visayas grew by 5.1 percent• Among all the industries

• Services contributed the largest to the region’seconomic growth with 3.5 percentage points,

• Industry with 1.2 percentage points,• Agriculture, Hunting, Forestry & Fishing with

0.4 percentage point

• Central Visayas is the 4th largest contributor to theNational Gross Domestic Product

• Central Visayas ranked 6th on the per Capita GRDP



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Data Sources

Bangko Sentral ng PilipinasCarcar Water DistrictCebu City Local Government UnitCebu Port AuthorityCivil Aviation Authority of the PhilippinesCommission on Audit Department of EnergyDepartment of Public Works and HighwaysDepartment of Tourism Department of Budget and Management Department of Environment and Natural ResourcesForest Management BureauLand Transportation Office Land Transportation and Franchising Regulatory BoardMandaue City Local Government Unit



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Mactan-Cebu International Airport AuthorityMines and Geosciences BureauMetropolitan Cebu Water DistrictNational Irrigation AdministrationNational Electrification AdministrationNational Telecommunications CommissionPhilippine Ports Authority

Data Sources



For inquiries, you may visit, call, or email us at:

Philippine Statistics Authority Regional Statistical Services Office VIIGaisano South Capital Building,Colon Street, Cebu City 6000

Tel/Fax Number: (032) 412-6794/ (032) 254-0470Email Address: [email protected]: http:\\rsso07.psa.gov.ph

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