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PSA: Solely 4 areas returned to pre-pandemic progress in 2021

by NEWS DESK
April 28, 2022
in BUSINESS
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PSA: Only 4 regions returned to pre-pandemic growth in 2021

STOCK IMAGE

MANILA, Philippines—The entire nation’s areas reverted to financial progress final yr, however solely 4 — all in Mindanao, and which had been comparatively unscathed by surging COVID-19 infections — had outputs exceeding their pre-pandemic ranges.

At a press convention on Thursday (April 28), Assistant Nationwide Statistician Vivian Ilarina stated that whereas all 17 areas posted gross regional home product (GRDP) progress in 2021, the one 4 areas whose GRDP returned to pre-pandemic ranges had been the Bangsamoro Autonomous Area in Muslim Mindanao (BARMM), Northern Mindanao, Soccsksargen and Zamboanga Peninsula.

In distinction, the Nationwide Capital Area (NCR) — a hotspot for COVID-19 instances — recorded P5.8 trillion in output final yr, up 4.4 p.c from P5.6 trillion in 2020 however nonetheless beneath the P6.2 trillion in 2019, pre-pandemic, Philippine Statistics Authority (PSA)-NCR regional director Paciano Dizon stated.

In 2020, Metro Manila’s GRDP fell by a tenth as a result of most stringent COVID-19 lockdowns which shed tens of millions of jobs and shuttered hundreds of companies.

Whereas the vast majority of industries within the NCR additionally posted progress final yr to reverse outputs that shrank on the onset of the pandemic, Dizon famous the lodging and meals service actions sector nonetheless registered unfavorable progress of 5.2 p.c final yr. To recall, most recreation actions and motels in Metro Manila had been reopened solely late final yr.

In contrast with the nationwide gross home product (GDP) progress charge of 5.7 p.c in 2021, NCR’s GRDP fell behind and noticed the third-lowest improve after Mimaropa’s 3.3 p.c and Bicol Area’s 4.3 p.c.

Calabarzon had the best regional progress charge of seven.6 p.c final yr, adopted by BARMM and the Cordillera Autonomous Area’s (CAR) each 7.5 p.c.

In response to the PSA report, different areas with progress above nationwide stage had been:

  • Central Luzon (7.4 p.c)
  • Caraga (7.2 p.c)
  • Northern Mindanao (6.3 p.c)
  • Japanese Visayas (6 p.c)
  • Western Visayas (5.9 p.c)
  • Davao Area (5.9 p.c)
  • Zamboanga Peninsula (5.7 p.c)

The opposite areas whose progress charges had been decrease than GDP included Ilocos Area (4.6 p.c), Cagayan Valley (5.1 p.c), Soccsksargen (5.2 p.c) and Central Visayas (5.4 p.c).

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NEWS DESK

NEWS DESK

Go all out and tackle Underneath Armour’s problem

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