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Ilocos Region's economy suffers reversal
The economy of the Ilocos Region suffered a reversal in growth by negative 1.0 percent in 2009 from a 2.0 percent growth in 2008.
| REGIONAL ACCOUNTS OF THE PHILIPPINES | |||
| Unit : In Percent | |||
| Table 3.4B. REGION I, ILOCOS | |||
| GROSS REGIONAL DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN | |||
| 2007 TO 2009 | |||
| GROWTH RATES, AT CONSTANT PRICES | |||
| INDUSTRY/YEAR | 07-08 | 08-09 | |
| I. AGRI.,FISHERY,FORESTRY | (1.0) | (11.3) | |
| a. Agriculture and Fishery | (1.0) | (11.3) | |
| b. Forestry | 4.5 | 68.4 | |
| II INDUSTRY SECTOR | 5.7 | 13.3 | |
| a. Mining and Quarrying | 19.0 | 27.5 | |
| b. Manufacturing | 4.9 | 5.2 | |
| c. Construction | 4.9 | 18.2 | |
| d. Electricity and Water | 8.9 | 3.6 | |
| III SERVICE SECTOR | 3.9 | 3.8 | |
| a. Transport, Comm., Storage | 5.5 | 2.7 | |
| b. Trade | 3.8 | 4.3 | |
| c. Finance | 1.1 | 0.7 | |
| d. O. Dwellings & Real Estate | 2.0 | 0.6 | |
| e. Private Services | 7.4 | 5.2 | |
| f. Government Services | 2.6 | 8.0 | |
| GROSS DOMESTIC PRODUCT | 2.0 | (1.0) | |
| Source : National Statistical Coordination Board | |||
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