Occidental Mindoro’s economy recovers, growing by
Date of Release: 01 December 2022
Reference No.: P51-PR2022-12
9.4 percent in 2021
The economy of the Province of Occidental Mindoro posted a growth of 9.4 percent in 2021, a rebound from -4.1 percent decline in the previous year. In 2021, the Gross Provincial Domestic Product (GPDP) of the Province of Occidental Mindoro is valued at Php 49.8 billion, higher than the pre-pandemic GPDP level of Php 45.5 billion in 2020.
The main contributors to the 2021 growth were: Agriculture, forestry, and fishing, which grew by 20.4 percent and Construction, which posted a growth of 12.1 percent.
Major economic industries, namely: Agriculture, forestry and fishing, Industry, and Services all posted positive growths in 2021 with
20.4 percent, 7.2percent, and 3.7 percent, respectively.
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. At the provincial 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 level economic performances following the identified pilot provinces and HUCS. Province of Occidental 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 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 firstname.lastname@example.org http://rssomimaropa.psa.gov.ph/occidentalmindoro