KALIBO, Aklan (PIA) --  The economy of the province of Aklan grew by 3.4 percent in 2021, according to the Philippine Statistics Authority (PSA) here.

Engr. Antonet B. Catubuan, Chief Statistical Specialist of PSA-Aklan, said the growth is a rebound from a -20.7 percent decline in 2020.

She also revealed that the Gross Provincial Domestic Product (GPDP) of Aklan was valued at P51.9 billion, higher than the 2020 GPDP level but still lower than the pre-pandemic GPDP level of P63.3 billion in 2019.

Catubuan shared this information during the recent conduct by the agency of a dissemination forum on the result of the 2018 to 2021 Provincial Product Accounts (PPA) of Aklan at Marzon Convention Center in Kalibo, Aklan, which was attended by representatives of various national, provincial and local government offices in Aklan.

Meanwhile, Aklan’s top three fastest growing industries from 2020 to 2021 were Accommodation and Food Service activities with 20.8 percent; Public Administration and Defense, and Compulsory Social Activities, 12.5 percent; and Human Health and Social Work activities, 11.7 percent.

For 2021, six PPA pilot regions were identified by the PSA, which include the Cordillera Autonomous Region, CALABARZON, Region VI, Region VIII, Region XI, and Region XII.

In Western Visayas, Aklan ranked 6th in the 2021 PPA in terms of per Capita GPD, the PSA revealed. The upper five ranks were occupied by the City of Iloilo, City of Bacolod, Antique, Iloilo, and Negros Occidental. (JBG/VGV/PIA6 Aklan)