DavOcc cited as 2nd fastestgrowing economy in 2021

The province of Davao Occidental was cited as the second fastest growing economy in the entire region in 2021, based on the results of the Provincial Product Accounts of the Philippine Statistics Authority.

“It is worth noting that Davao Occidental is one of the 16 provinces among the 46 pilot provinces in the country that had already surpassed the 2019 pre-pandemic level, with 2021 GPDP higher than the 2019 GPDP level by 4.5 percent,” he stated. Madulin reported that of the 6.4% growth in 2021, the top contributor was services with 2.8%, closely followed by the industry with 2.6%. The agriculture, forestry, and fishing also contributed positively with 1.0%.The wholesale and retail trade industry followed with 1.5%; repair of motor vehicles and motorcycles ; and agriculture, forestry, and fishing .

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PSA: Davao del Norte posts5.1 percent growth in 2021 - BusinessMirrorDAVAO CITY—Davao del Norte economy rebounded last year from the impact of the Covid-19 pandemic, with its economy pulled up largely by the services sector, the Philippine Statistics Authority (PSA) said during its presentation of Provincial Product Accounts. PSA Davao del Norte Chief Statistical Specialist Pepito Amoyen said the Gross Provincial Domestic Product (GPDP) of
Source: BusinessMirror - 🏆 19. / 59 Read more »