Abstract:

Northern Mindanao’s economy slowed down from 7.2 percent in 201 2 to 5.6 percent in 2013. This was attributed to the decelerated growth in the Industry and Service sectors. Services remained to have the largest share in the region’s economy at 41.9 percent. Meanwhile, Industry and AHFF had a share of 33.8 percent and 24 .3 percent, respectively.
Services grew at a slower pace in 2013 at 5.9 percent as compared to its 8.8 percent growth in the previous year. All the sub sectors in Services, except Financial Intermediation and Other Services, posted decelerated growths. Financial Intermediation grew faster from 9.0 percent to 10.8 percent. Li kewise, Other Services expanded from 4.3 percent growth to 7.8 percent. RERBA, on the other hand, slowed down from 8.2 percent to 7.6 percent. TSC and PAD also slackened from 10.5 percent to 6.0 percent and from 6.7 percent to 4.7 percent, respectively. Trade and Repair decelerated from 11.1 percent in 2012 to 3.3 percent in 2013.

Info

Source Institution	National Statistical Coordination Board
Source URL	http://www.nscb.gov.ph/grdp/2013/data/2011-2013_GRDP_July2014.pdf
Page Count	192
Place of Publication	Makati City
Original Publication Date	July 1, 2014
Tags	GRDP, NSCB, domestic, product, regional