Zamboanga is fastest-growing region

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Out of the country’s 17 regions, Zamboanga Peninsula emerged as the fastest-growing region, which posted a 12.4-percent gross domestic product (GDP) growth for 2012, according to the National Statistical Coordination Board (NSCB).

“The impressive economic performance of the region was brought about by the accelerated growths of the industry and services sectors,” NSCB said.

The other top five regions in terms of GDP growth include Caraga with 10.6 percent;
Central Visayas with 9.3 percent; Cagayan Valley with 8.2 percent and Soccsksargen, or Region 7, with 8.1 percent.

The Philippines’ GDP growth last year was recorded at 6.8 percent. While the National Capital Region, or Metro Manila, contributes about 35 percent to the country’s GDP, the region grew by only 0.01 percent last year.

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Other regions that are major contributors to the country’s GDP growth last year include the Calabarzon region, or Region 4A, with a 17.4-percent share and Central Luzon with 9.2 percent.

Meanwhile, the Autonomous Region of Muslim Mindanao contributed the least to the country’s 2012 economic growth, with only 0.8 percent.

Among the 17 regions of the country, 14 recorded advanced growth between 2011 and 2012.

On the other hand, regions that posted a decline in growth were Eastern Visayas with an 8.3-percent drop; Cordillera Administrative Region (CAR) dipping by 0.3 percent and Central Luzon declining by 0.8 percent.

Meanwhile, NSCB said that Metro Manila “posted the highest per capita GRDP [gross regional domestic product]at P183,747, nearly three times the national average.”

ARMM, having the lowest contribution of growth, also had the lowest per capita GRDP among the 17 regions at P14,321.

Kristyn Nika M. Lazo

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