NSCB - 2003 Gross Regional Domestic Product (GRDP)

Services manifested an accelerated growth of 5.8 percent in 2003 from a 5.1 percent growth in 2002. Higher growths were noted for Finance (7.1 from 3.4); ODRE (4.0 from 1.7) and Government Services (2.9 from 1.5). Meanwhile, TCS, Trade and Personal Services also went up by 8.6 percent, 5.7 percent and 5.1 percent, respectively, albeit at slower rates.

All regions registered positive growths in 2003 with Western Visayas capping the top slot as it posted a 7.3 percent increase in 2003. Equally growing by 6.3 percent were Central Visayas, Eastern Visayas and ARMM while Zamboanga Peninsula and Northern Mindanao posted 6.2 percent growths. In terms of contribution to growth, NCR accounted for 2.5 percentage points of the 5.8 percent growth in Services while CLABARZON, Western Visayas and Eastern Visayas each contributed 0.5 percentage point to the growth of the sector.

Regional Accounts of the Philippines
Unit: In Thousand Pesos
GROSS VALUE ADDED in SERVICES
2002 and 2003
AT CONSTANT (1985) PRICES

REGION / YEAR		2002	2003

PHILIPPINES		477,138,598	504,621,749

NCR	METRO MANILA	198,955,917	210,783,046
CAR	CORDILLERA	5,569,581	5,846,002
I	ILOCOS	13,390,462	14,059,556
II	CAGAYAN VALLEY	7,359,618	7,794,561
III	CENTRAL LUZON	34,359,087	36,191,667
IV	SOUTHERN TAGALOG
IVA	CALABARZON	50,619,594	52,892,018
IVB	MIMAROPA	5,910,830	6,198,033
V	BICOL	13,191,792	13,793,838
VI	WESTERN VISAYAS	33,517,748	35,949,731
VII	CENTRAL VISAYAS	40,942,572	43,511,906
VIII	EASTERN VISAYAS	8,422,078	8,954,037
IX	ZAMBOANGA PENINSULA	9,155,621	9,726,831
X	NORTHERN MINDANAO	18,560,337	19,703,193
XI	DAVAO REGION	19,053,078	20,169,881
XII	SOCCSKSARGEN	10,195,882	10,649,899
ARMM	MUSLIM MINDANAO	2,934,667	3,119,826
XIII	CARAGA	4,999,734	5,277,724

Source: National Statistical Coordination Board
Note: Data posted are as of July 2004 and at constant 1985 prices.