No. of :

No. of Shares:

Currently viewed by: Marcus Rosit

Oriental Mindoro’s economy rebounds to 6.6 percent in 2021

PSA Provincial Officer Efren C. Armonia delivers the result of their survey on the 2021 Provincial Product Accounts in Oriental Mindoro during the dissemination forum held in Calapan City on November 29. (Photo credit: PSA-Oriental Mindoro)

CALAPAN CITY, Oriental Mindoro (PIA) -- The economy of Oriental Mindoro posted a growth rate of 6.6 percent in 2021, a rebound from -8.9 percent decline in 2020 as revealed in the recent Dissemination Forum on the 2021 Provincial Product Accounts (PPA) conducted by the Philippine Statistics Authority (PSA) Provincial Office held at Mahalta Resorts and Convention Center in this city on November 29.

PSA reported that the Gross Provincial Domestic Product (GPDP) of the province is valued at P101.1 billion from 2020 level of P94.8 billion as shown below:

The main contributors to the 2021 GPDP growth were construction, manufacturing, and Agriculture, fishery, and fishing.

PSA Oriental Mindoro Provincial Officer Efren C. Armonia disclosed the major economic industries such as Agriculture, forestry, and fishing; Industry; and Services showing all posted positive growths in 2021 with 7.0 percent, 9.8 percent, and 4.4 percent, respectively.

Armonia said Oriental Mindoro is the biggest contributor to the economic growth of Mimaropa region, contributing 1.8 percentage points to the 3.3 percent economic growth of the region in 2021.

The PSA was established through Republic Act No. 10625 or The Philippine Statistical Act of 2013. It is tasked to compile and maintain macro economic accounts and indicators at the national and subnational level. The PPA is a mechanism to measure the economic performance of the province or highly urbanized cities (HUCs) at a given time.

Armonia announced that starting last year, the PSA annually releases the provincial and HUC level economic performance following the identified pilot areas. Oriental Mindoro is one of the pilot areas for PPA compilation starting 2021. (LTC/PIA/PSA ORMIN)


Topmost photo from Philippine Statistics Authority-Oriental Mindoro

About the Author

Luis Cueto, Ph.D.

Officer-in-Charge

Region 4B

OIC, Regional Head 
Philippine Information Agency
Oriental Mindoro Information Center
2/F George Teng Bldg., corner Gozar & J.P. Rizal Sts., Camilmil, Calapan City, Oriental Mindoro, PH 5200

Email Address: luis.cueto@pia.gov.ph

iNFORM.  iNSPIRE.  iNNOVATE

#ExplainExplainExplain


Proud Divinista!

 

Feedback / Comment

Get in touch