Among the 16 industries, wholesale and retail trade, repair of motor vehicles and motorcycles contributed the most to the 4.9 percent GCDP growth.
“This was followed by manufacturing and human health and social work activities. All the other industries also contributed positively to the growth of the economy of the city in 2021,” he said.
The Philippine Statistics Authority (PSA) established through Republic Act No. 10625 or The Philippine Statistical Act of 2013, is tasked, among others, to compile and maintain macroeconomic accounts and indicators, at the national and sub-national levels.
The Provincial Product Account (PPA) is a mechanism to measure the economic performance of the province or highly urbanized cities (HUCS) at a given time.
