Press Release on Oriental Mindoro’s economy rebounds to 6.6 percent in 2021

Reference Number: 

PR-027

Release Date: 

Tuesday, November 29, 2022

 

Oriental Mindoro’s economy rebounds to 6.6 percent in 2021

 

 

The economy of Oriental Mindoro posted a growth of 6.6 percent in 2021, a rebound from -8.9 percent decline in 2020. In 2021, the Gross Provincial Domestic Product (GPDP) of Oriental Mindoro is valued at PhP 101.1 billion from the 2020 level of PhP 94.8 billion (Figure1).

 

 

The main contributors to the 2021 GPDP growth were: Construction, Manufacturing, and Agriculture, forestry, and fishing.

Major economic industries, namely: Agriculture, forestry, and fishing, Industry, and Services all posted positive growths in 2021 with 7.0 percent, 9.8 percent, and 4.4 percent, respectively.

The Province of Oriental Mindoro was the biggest contributor to the economic growth of MIMAROPA, contributing 1.8 percentage points to the 3.3 percent economic growth of the region in 2021.

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 Provincial Product Accounts (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. Oriental Mindoro is one of the pilot areas for PPA compilation starting 2021.

For full report, statistical tables, and visuals on the PPA releases, please visit our website at rssomimaropa.psa.gov.ph/orientalmindoro or at the PSA Provincial Office with contact details below:

 

Oriental Mindoro Provincial Statistical Office
2/F Nuciti Central Calapan, Brgy. Camilmil,
Calapan City, Oriental Mindoro
psa_ormindoro@yahoo.com
(043) 288-6077 • (043) 441-6252

 

 

(Sgd.)EFREN C. ARMONIA
Chief Statistical Specialist
Oriental Mindoro Provincial Statistical Office

DMDM/JGO/MJHD

 

 

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