Dissecting Data: What 2019 Regional GDP tells us about the pandemic, PH economic resilience

  • 📰 ANCALERTS
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 50%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

MANILA - The Philippine Statistics Authority released this week the breakdown of gross regional domestic product.

It always comes late, due to the work needed to disaggregate all of the data compiled for the national accounts, but the information is still very useful.

This pie chart by the PSA shows the share of each region to services. The National Capital Region eats up two-fifths of the pie. Services is the biggest employer in the Philippines, providing high paying jobs in sectors such as Business Process Outsourcing. It also includes hospitality, transportation, media, healthcare and finance. They naturally congregate near centers of population.

The Department of Public Works and Highways, and the Department of Transportation are getting huge budgets for this purpose. But there are other roadblocks to their progress, headlined by corruption and red tape. This chart shows the growth in consumption in households, the main driver of the economy. Region 9 or the Zamboanga Peninsula led the way in 2019 with a growth of 7.3 percent. Region 2 or Cagayan Valley came in second at 7.0 percent.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 26. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japanese drug firm hit by cyberattack, data breach
Source: ANCALERTS - 🏆 26. / 50 Read more »

PH garment industry suffers most from COVID-19 pandemic - Manila BulletinThe International Labour Organization (ILO) on Thursday identified the Philippine garment industry as among those severely affected by the coronavirus disease (COVID-19) pandemic in the Asia-Pacific region. “The COVID-19 pandemic has had a severe impact on the Philippine garment industry, cutting exports by almost 40% to major buyer countries, and […]
Source: manilabulletin - 🏆 25. / 51 Read more »

Sen. Bong Go backs agri sector and their contributions towards economic recovery - Manila BulletinSenator Christopher “Bong” Go today emphasized the importance of the agricultural sector and its contributions towards economic recovery amid the adverse effects of the coronavirus disease (COVID-19) pandemic.
Source: manilabulletin - 🏆 25. / 51 Read more »

Enrollment in public schools exceeds 100% of last school year’s turnout – DepEd - Manila BulletinDespite the COVID-19 pandemic, enrollment in public schools this school year exceeded that of last school year’s, data released by the Department of Education (DepEd) Wednesday said.
Source: manilabulletin - 🏆 25. / 51 Read more »

Experts project increase in migrants at US-Mexico border as pandemic devastates Latin AmericaImmigration experts are expecting an increase in the number of migrants journeying to the US-Mexico border in the coming months following the devastating impact of the coronavirus pandemic on Latin America.
Source: CNN Philippines - 🏆 13. / 63 Read more »

600,000 garment workers in PH may face unemployment due to pandemic — UN agencyWith the sharp decline in global exports due to the COVID-19 pandemic, at least 600,000 workers in the Philippine garment industry are at risk of losing their jobs, a United Nations agency said.
Source: CNN Philippines - 🏆 13. / 63 Read more »