Did you know that ...…in 2002, Western Visayas attained an impressive growth of 5.0 percent, making it the fifth largest contributor to the total GDP of the country?
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
The economic performance of Western Visayas was marked by significant
improvement as it posted a 5.0 percent growth, higher by 1.4 percentage
points from its 2001 growth of 3.6 percent.
The result of the 2002 Gross Regional Domestic Product released
by the National Statistical Coordination Board (NSCB) revealed that
Western Visayas was the fifth largest contributor to the total GDP of
the country. |
GROSS
REGIONAL DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN Western Visayas: 2000-2002 Growth Rates at Constant Prices |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
| Source: Economic Statistics Office, NSCB | |||||||||||||||||||||||||||||||||||||||||||||||||||
|
Meanwhile the Industry Sector, which accounts for 25.8 percent of
the total region’s economy accelerated to 4.3 percent from its 1.6
percent growth in 2001. The
improvement of the Industry Sector was brought about by the good
performance of Manufacturing, the major player of the sector
contributing 61.5 percent to the total industry, and the more than
doubled Electricity & Water’s growth of 4.6 percent. Construction
also improved by 3.0 percent growth in the same year. Mining and
Quarrying rebounded from its negative growth of 9.0 percent in 2001 to a
positive 1.9 percent expansion in 2002.
Agriculture, Fishery and Forestry (AFF), which contributed 29.1
percent of the regional economy, grew by 2.2 percent. Crop production
boosted the region’s economy, except for banana, which posted a
negative growth. All major crops had positive growths as favored by
climatic conditions and absences of pests and diseases. However,
Livestock and Poultry, which accounted for 19.1 percent of the total
Agri. Sector, posted a negative growth of 36.6 percent.
Aquaculture, on the other hand, covered up the slump in
commercial and municipal fishing.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Among
the 16 regions, four (4) regions showed decelerating growths while 12
regions exhibited faster growths as they surpassed their performances
last year. Western Visayas
was the fifth largest contributor region (7.1 percent) to the
country’s GDP after NCR (30.6 percent); Southern Tagalog (15.6
percent); Central Luzon (9.0 percent); and Central Visayas (7.2 percent)
in 2002.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
Archive:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
For comments/suggestions write the Webmaster |
|||||||||||||||||||||||||||||||||||||||||||||||||||