2016 ARMM Gross Regional Domestic Product
May 8, 2017 • Press Release • Ref No.: PR-ARMM-17-001
ARMM economy rebounded at positive 0.3% in 2016
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.
Table 1. Comparative GDP Growth of the Philippines and ARMM: 2014-2015 and 2015-2016
AREA | 2014-2015 | 2015-2016 | REMARKS |
Philippines | 5.1% | 6.9% | Accelerated |
ARMM | -0.4% | 0.3% | Rebounded |
Source: Philippine Statistics Authority
ARMM’s contribution to GRDP increased
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%.
Table 2. Regional Contribution to GDP Growth: 2015 and 2016 (at Constant 2000 Prices)
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 |
Source: Philippine Statistics Authority
Service Sector Accelerated to 5.2%
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%).
Table 3. Growth Rates by Sector/Subsector, ARMM: 2014-2015 and 2015-2016 (at Constant 2000 Prices)
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 |
Source: Philippine Statistics Authority
Construction subsector posted 64-point increase
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.
ARMM was the only agricultural region in the country in 2016
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.
Table 4. Percent Distribution by Industry, ARMM: 2014-2016 (at Constant 2000 Prices)
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 |
Source: Philippine Statistics Authority
Per capita GRDP in ARMM was estimated at P13,350 in 2016
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.
Table 5. Per Capita GRDP by Region: 2014-2016 (at Constant 2000 Prices)
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 |
Source: Philippine Statistics Authority
Definition
Gross Regional Domestic Product (GRDP) is the aggregate of gross value added (GVA) of all resident producer units in the region.
Components
The GRDP includes regional estimates on the three major sectors including their sub-sectors namely:
- Agriculture, Fishery and Forestry
- Industry Sector
- Mining and Quarrying Manufacturing Construction Electricity and Water
- Service Sector
- Transport, Communication and Storage Trade Finance Ownership of Dwellings and Real Estate Private Government Services
(Sgd) ABUBAKAR S. ASAAD, Ph.D. (Statistics)
Regional Director, PSA-ARMM