2016 ARMM Gross Regional Domestic Product

May 8, 2017Press 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