ARMM applauds at positive 7.3% GRDP growth rate
Officials of different line agencies of the Autonomous Region in Muslim Mindanao (ARMM) headed by Regional Governor Mujiv S. Hataman commended the positive 7.3 percent accel eration of the ARMM Gross Regional Domestic Product (GRDP) which was reported by OIC-Regional Director (RD) Razulden A. Mangelen of the Philippine Statistics Authority (PSA-ARMM) during the 2017 Report on the Regional Economy of ARMM Press Conference conducted by PSA-ARMM at exactly 10:00 AM of April 26, 2018 at EM Manor Hotel, Cotabato City. The event was graced by the presence of Usec. Lisa Grace S. Bersales, the National Statistician and Civil Registrar General of the PSA; Dr. Abubakar S. Asaad, OIC-Director of Statistical Methodology Unit of the PSA; Ms. Vivian R. Ilarina, Assistant National Statistician (ANS) of the Macroeconomic Accounts Service of PSA; as well as Atty. Laisa M. Alamia, Executive Secretary to the Regional Governor of ARMM; and Engr. Baintan A. Ampatuan, Executive Director of the Regional Planning and Development Office (RPDO-ARMM).
A total of 136 officials from ARMM, representatives of line agencies, academic and private institutions, and media partners were able to witness OIC-RD Mangelen’s presentation on highlights of the 2017 ARMM GRDP. According to him, economic performance of ARMM in terms of GRDP accelerated at 7.3 percent between the period of 2017 and 2016, which implies that the total value of goods and services produced and delivered within the region during the said period increased from Php50.8 billion to Php54.5 billion at 2000 constant prices. This is a huge improvement from the 0.4 percent contraction between 2014 and 2015, and the 0.4 percent rebound between 2015 and 2016. Moreover, ARMM’s GRDP growth rate is higher than the rate posted by the Philippines in 2017 which is only at 6.7 percent. The region actually ranked 6th among the 17 regions in the entire country in terms of GRDP growth rate.
All three sectors under GRDP namely the Agriculture, Hunting, Forestry & Fishing (AHFF) sector; Industry Sector; and Service Sector in ARMM posted positive corresponding growth rates of 7.7 percent, 10.8 percent and 6.3 percent in 2017. AHFF sector continued to be the main driver in the economy of the region comprising 56.4 percent of the total regional economy. This is followed by the Services sector with 37.7 percent and Industry sector with 5.9 percent contribution to the GRDP.
Gov. Hataman and the employees of ARMM are very proud of the result of this year’s GRDP. According to him, the main driver in this sudden increase is actually the strong collaboration among the agencies in the region. He never believed that ARMM has a negative performance as what was implied by the results of GRDP in the previous years, but instead ARMM has suffered from agencies within it that are probably performing negatively. His administration focused not just in vigorously fixing the management and bureaucracy in the government, they also held on to Usec. Bersales’s frequent advice – “Ayusin niyo ang data niyo” (Fix your data).
GRDP is just among several tools which can measure the performance of an economy. There are also concepts for poverty, employment, and other socio-economic indicators. Nevertheless, Gov. Hataman is glad to note that GRDP is more than enough indicator that the ARMM agencies are actually doing their jobs.
Usec. Bersales congratulated ARMM for the very promising result of GRDP. She also thanked the government of ARMM for providing the right information and for being a good data partner. According to her, PSA’s vision of a solid, responsive and world-class generator of statistics depends on the right inputs of the data providers.Officials of ARMM government and PSA believe that with stronger partnership, the region will be able to generate a better quality of data in the following years that can provide an overview of the reality and be a basis for several developments.