Guimaras recorded the fastest growth of 7.7 percent in 2021 among the eight economies of the Western Visayas region.
The island province’s performance was also faster than the 5.9 percent growth in the Gross Regional Domestic Product (GRDP) of the region. (Figure 1)
The 7.7 percent growth of the province in 2021 was a rebound from a
-5.1 percent decline in 2020. Moreover, in 2021, the Gross Provincial Domestic Product (GPDP) of the province reached PhP14.8 billion from the 2020 level of PhP13.7 billion. (Figure 2)
Guimaras was one of the 16 provinces that had surpassed the 2019 GPDP level among the 46 pilot provinces of the Provincial Product Accounts (PPA) compilation.
All major economic industries, namely: Agriculture, forestry and fishing (AFF), Industry, and Services posted positive growths in 2021 with 5.9 percent, 12.7 percent, and 7.5 percent, respectively.
Among the 16 industries, the top contributors to the GPDP growth in 2021 were: Agriculture, forestry and fishing, Construction, and Wholesale and retail trade; repair of motor vehicles and motorcycles.
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 subnational level. The PPA is a mechanism to measure the economic performance of the province or highly urbanized cities (HUCs) at a given time.
Starting last year, the PSA annually releases the provincial and HUC level economic performances following the identified pilot areas. The province of Guimaras is one of the pilot areas for PPA compilation starting 2022.
For full report, statistical tables, and visuals on the PPA releases, please visit our website at http://rsso06.psa.gov.ph/psaguimaras or at the PSA Regional Office or PSA Provincial offices.
