The Province of Occidental Mindoro Accounts for 12.5 Percent to the Economy of MIMAROPA Region from 2018 to 2O2O

Reference Number: 

2021 -O1

Release Date: 

Tuesday, December 7, 2021

The Province of Occidental Mindoro AccounE for 12.5 Percent to the Economy of MIMAROPA Region from 2018 to 2O2O

The economy of the Province of Occidental Mindoro amounted to a three-year average ol 46.45 billion pesos from 2018 to 2020. This accounted tor 12.5 percent to the 371.64 billion pesos economy of MIMAROPA region for the same period.

Among the three major induskies of the provincial economy, Services was the main driver with 44.6 percent average share for the three-year period. This was followed by Agriculture forestry and fishing with 28.9 percent, while lndustry had 26.5 percent share.

 

Gross Domestic Product of Occidental Mindoro, by lndustry 20181o 2020, At Constant 2018 Prices

lndustries GDP Levels (in thousand PhP) Growth Rate (in percent)
2018 2019 2020 2018-2019 2019-2020
Agriculture, forestry, and fishing 13,514,546 13,795,882 13,020,512  2.1 -5.6
  Industry 12,537,850 12,400,903 11,936,894 -1.1 -3.7
    01. Mining and quarrying 86,807 100,200 107 ,048  15.4 6.8
    02. Manufacturing 3,295,136 3,909,115 3,964,296  18.6 1.4
    03. Electricity, steam, water and              waste manaqement 3,143,033  3,543,754 3,559,544 10.7 0.4
    04. Construclion 6,012,873 4,847,835 4,306,006  -19.4 -11.2
 Services 20,283,584 21,318,760 20,555,568  5.1 -3.6
   01. Wholesale and retailtrade;                 repair motor vehicles and                   motorcycles 5,558,088 6,015,961 5,931,066 8.2 -1.4
   02. Transportation and storage 2,474,850 2,499,815 1.921,010  1.0 -23.2
   03. Accommodation and food                   service activities 506,453 479,956 241,946  -5.2 -49.6
   04. lnformation and communication 1,104,248 1,237 ,530 1,328,228 12.1 7.3
   05. Financial and insurance                     activities 2,622,756 2,797,129 3,059,114 6.6 9.4
   06. Real estate and ownership of             dwellings 1,122,229 '1,137,094

1,017,222

1.3 -10.5
   07. Professional and business                 services 592,816 677,634 669,032 14.3 -1.3
   08. Public administration and                   defense, compulsory social                 activities 1,628,708 1,598,423 1,697,194 -1.9 6.2
   09. Education 2,907,861 2,985,183 2,894,391 2.7 -3.0
   10. Human health and social work           activities 445,412 524,462 520,444 17.7 -0.8

    11. Other services

1,320,162

1,365,570 1,275,921 3.4 -6.6
GDP of Occidental Mindoro 45,335,980 47,515,546 45,5'.12,974 2.5 1-2

                                               Source: Philippine Statistics Authoity

 

ln terms of growth, occidental Mindoro recorded 2.5 percent growth in 2019. However, it declined it -4.2 percent in 2O2O as recorded by the downturn of economic activities in ten of the 16 industries of the provincial economy. lndustries posted positive growths are: Electricity, steam, water and waste management lt/lanufacturing; Public Idministration and defense; Compulsory social activities; Mining and quarrying: lnformation and communication; and Financial and insurance activities.

Of the 4.3 percent economic growth registered in MIMAROPA Region in 2019, the Province of Occidental Mindoro ranked fourth, with 0.3 percentage point contribution' Meanwhile in 2020, the province contributed -0.5 percentage point to the -7.6 percent decline of the entire region.

The Philippine statistics Authority (PSA) which was 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. At the provincial level, the Provincial Product Accounts (PPA) is the tool to measure the economic performance of the province or highly urbanized cities (HUCs) at a given time.

Starting this year, the PSA will annually release the provincial level economic perforriances'following the identified pilot provinces and HUCs. The Province of bccidental Mindoro is one of the pilot provinces for PPA in 2021 ' For full report, statistical tables, and visuals on the PPA releases, please visit our website ai rsso. mimaropa.psa.gov. ph/occidentalmindoro or at PSA Provincial Office with contact details below:

 

Occidental Mindoro Provincial Statistical Office

Ramirez-Lopez Condominium, Rizal St.

Barangay 3, Mamburao, Occidental Mindoro

Telephone No: (043) 711-9982

psa_occ.mindoro@yahoo.com.ph

http://rssomimaro.psa.gov.ph/occidentalmindoro

 

 

MARIBEL L. BERNARDO

Chief Statistical Specialist

Occidental Mindoro Provincial Statistical Office

 

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