ARMM GRDP posts 7.2% growth rate in 2018
Gross Regional Domestic Product (GRDP) of the Autonomous Region in Muslim Mindanao (ARMM) increased by 7.2 percent in 2018. This was announced by Mr. Razulden A. Mangelen, OIC-Regional Director of PSA-BARMM, during the 2018 Report on the Regional Economy of ARMM News Conference at exactly 10:00 AM on 25 April 2019 at Alnor Convention Center, Cotabato City.
A total of 101 officials and employees from four local news bureaus, 35 regional line agencies, PSA-BARMM Regional and Provincial Offices, and PSA Central Office attended this program. This event was headed by OIC-RD Mangelen; Mr. Mahmur H. Sarail, Chief of the Statistical Operations and Coordination Division (SOCD) of PSA-BARMM and Provincial Statistics Officers (PSOs) of PSA-BARMM; together with Mr. Florande S. Polistico, Chief of the Production Accounts Division (PAD) under Macroeconomic Accounts Service (MAS) of PSA Central Office.
According to OIC-RD Mangelen, ARMM ranked 5th out of the 17 regions in the county in terms of GRDP growth rate, though it was slower as compared with the 7.5 percent growth recorded in the previous year. Agriculture, Hunting, Forestry and Fishing (AHFF), which shared 55.6 percent to the region’s economy, expanded by 5.8 percent, the fastest recorded growth in AHFF among all regions in 2018. However, this was slower than the 7.7 percent increase posted in 2017. Services, accounting for the 38.5 percent to the ARMM’s economy, grew by 9.4 percent, faster than the 6.7 percent in 2017; while Industry, which shared 5.9 percent to the region’s economy, increased by 7.5 percent in 2018. Services had the highest contribution to the 7.2 percent ARMM’s economic growth in 2018, with 3.5 percentage points. This was followed by AHFF with 3.3 percentage points and Industry at 0.4 percentage point. Moreover, ARMM recorded PhP14.657 per capita GRDP in 2018. Though it is 4.6 percent higher than that of the previous year, it is still the lowest among 17 regions and about 53 percent lower than the average per capita GDP of the country which was recorded at PhP86,370.
At the end of his presentation, OIC-RD Mangelen enumerated all of the line agencies, local government units, private institutions, academe and other data partners who have provided the inputs for this year’s estimation of GRDP.