Expenditures on the gross regional domestic product, which is the sum of all final use of goods and services in the regional economies amounted to P 1,276.4 billion in 2006, 5.4 percent higher than its year-ago level of P 1,210.5 billion

Expenditures of Cagayan Valley (Region II), which accounted for 2.0 percent of total expenditures, rebounded to 7.2 percent in 2006 from previous year’s negative 4.3 percent, highest among the seventeen regions. Growth was stimulated by the upsurge in its Personal Consumption Expenditure of 7.0 percent from 2.0 percent in 2005. The turnaround growth in both government consumption expenditure of 4.5 percent from negative 0.1 percent, and capital formation of 4.5 percent from negative 14.3 percent spurred the growth of the region. Next was SOCCSKSARGEN (Region XII), which accelerated to 6.7 percent from 2.3 percent, and Cordillera Administrative Region (CAR) to 3.5 percent from 0.7 percent.

The rest of the regions experienced decelerated growth with Zamboanga Peninsula (Region IX) posting the highest decline from a 6.9 percent growth in 2005 to 2.1 percent. Likewise, MIMAROPA and Bicol Region decelerated to 2.3 percent from 6.4 percent, and 2.6 percent from 5.0 percent, respectively.

NCR continues to top the regional share to total expenditures with 32.5 percent of total expenditures, contributing P 414.3 billion. CALABARZON (Region IVA) trails NCR with 12.3 percent, followed by Central Luzon (Region III) with 8.4 percent. Meanwhile, Muslim Mindanao (ARMM), CARAGA (Region XIII), and Cagayan Valley (Region II) contributed the least to total expenditures with 0.9 percent, 1.3 percent and 2.0 percent share respectively.

ROMULO A. VIROLA
Secretary General

Contact Person:

Ms. Vivian R. Ilarina
Tel. No.: 895-2425/895-2481
E-mail: vr.ilarina@nscb.gov.ph