ARMM's economy, as measured by the Gross Regional Domestic Product (GRDP), rebounded from negative 0.4% in 2015 to positive 0.3% in 2016, at constant 2000 prices. ARMM was among the 10 regions in the country which have posted accelerated economic growth in 2016. 

 

AREA	2014-2015	2015-2016	REMARKS
Philippines	5.1%	6.9%	Accelerated
ARMM	-0.4%	0.3%	Rebounded

 

 

ARMM’s contribution to the total GDP of the Philippines in 2016, which was 6.9%, increased from negative 0.003% to positive 0.002%.

 

AREA	2015	2016
Philippines	6.067	6.924
NCR	2.421	2.723
CAR	0.072	0.037
Ilocos	0.17	0.264
Cagayan Valley	0.074	0.058
Central Luzon	0.052	0.881
CALABARZON	1.004	0.824
MIMAROPA	0.033	0.043
Bicol	0.177	0.117
Western Visayas	0.344	0.244
Central Visayas	0.316	0.556
Eastern Visayas	0.094	0.249
Zamboanga Peninsula	0.158	0.098
Northern Mindanao	0.214	0.285
Davao	0.322	0.376
SOCCSKSARGEN	0.09	0.133
CARAGA	0.058	0.032
ARMM	-0.003	0.002

 

 

The positive growth of the ARMM economy for 2016 was attributed to the acceleration of the service sector at 5.2% and rebounding of the industry sector at 3.2%. which have offset the significant decrease in the performance of the Agriculture, Hunting, Forestry and Fishing (AHFF) sector of the region.

About 1.9% of the growth in ARMM GRDP was brought by the service sector. All of the subcategories under this sector have posted positive growth in 2016, particularly on the trade and repair of motor vehicles, motorcycles, personal and household goods (8.0%); real estate, renting and business activities (2.1%); public administration, defense and compulsory social security (5.4%); and other services (7.6%).

 

INDUSTRY	2015	2016
AGRICULTURE, HUNTING, FORESTRY & FISHING (AHFF)	-1.5	-3
Agriculture and Forestry	-2.8	-0.9
Fishing	2.5	-9
INDUSTRY SECTOR	-15.9	3.2
Mining and Quarrying	66.9	3.9
Manufacturing	6.3	5.4
Construction	-41.9	22.1
Electricity, Gas and Water Supply	-11.2	-11.1
SERVICE SECTOR	4.4	5.2
Transport, Storage and Communication	7.1	3.2
Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods	6.3	8
Financial Intermediation	9	8.9
Real Estate, Renting & Business Activities	0.9	2.1
Public Administration & Defense; Compulsory Social Security	3	5.4
Other Services	7.5	7.6
GROSS DOMESTIC PRODUCT	-0.4	0.3

 

 

Industry sector contributed 0.2% to the GRDP growth. Furthermore, the 64-point increase in the construction (22.1%) caused the economic growth rebound in the Industry Sector of the region.

 

 

 

On the other hand, both the Agriculture and Forestry and Fishing subsectors decreased to negative 0.9% and negative 9.0% in 2016, respectively. This resulted to a negative 3.0% growth in the AHFF sector of ARMM, which have contributed negative 1.7% to the GRDP growth.

 

Despite the 3.3% decrease in the contribution of AHFF sector to the total ARMM GRDP, the sector remained the major driver of the regional economy comprising 56.3% of the total GRDP in 2016. This was followed by the Service and Industry sectors contributing 38.0% and 5.7%, respectively, to the economy of ARMM. 

 

INDUSTRY	2014	2015	2016
AGRICULTURE, HUNTING, FORESTRY & FISHING (AHFF)	58.8	58.2	56.3
Agriculture and Forestry	44.2	43.2	42.7
Fishing	14.6	15	13.6
INDUSTRY SECTOR	6.6	5.6	5.7
Mining and Quarrying	0.4	0.6	0.6
Manufacturing	1.2	1.3	1.3
Construction	2.6	1.5	1.8
Electricity, Gas and Water Supply	2.5	2.2	2
SERVICE SECTOR	34.6	36.2	38
Transport, Storage and Communication	3.9	4.2	4.3
Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods	1.1	1.1	1.2
Financial Intermediation	3.1	3.4	3.6
Real Estate, Renting & Business Activities	8	8.1	8.2
Public Administration & Defense; Compulsory Social Security	12.4	12.9	13.5
Other Services	6.1	6.6	7.1
GROSS DOMESTIC PRODUCT	100	100	100

 

 

Per capita GRDP in ARMM was estimated at P13,350 in 2016. This was 83.0% lower than the per capita GDP of the Philippines, which was estimated at P78,712, and 2.2% lower than the regional estimate in the previous year.

 

AREA	2014	2015	2016
Philippines	71,741	74,833	78,712
NCR	202,904	218,987	232,837
CAR	73,971	75,048	75,279
Ilocos	44,894	46,180	49,461
Cagayan Valley	37,645	38,436	39,153
Central Luzon	60,670	63,641	68,649
CALABARZON	86,644	92,184	94,826
MIMAROPA	40,706	39,575	39,825
Bicol	24,719	25,770	26,736
Western Visayas	37,289	39,653	41,486
Central Visayas	62,743	64,846	69,390
Eastern Visayas	33,771	33,771	37,261
Zamboanga Peninsula	39,887	41,873	43,106
Northern Mindanao	57,609	60,290	63,874
Davao	58,256	61,335	65,837
SOCCSKSARGEN	43,493	44,178	45,484
CARAGA	35,672	35,553	35,720
ARMM	14,613	13,646	13,350