Provincial Product Accounts

Romblon’s economy recovers with 3.4 percent growth in 2021

Release Date: November 29, 2022
Reference Number: 2022-468

The economy of Romblon posted a growth of 3.4 percent in 2021, a rebound from -9.5 percent decline in 2020. In 2021, the Gross Provincial Domestic Product (GPDP) of Romblon is valued at PhP 26.4 billion from the 2020 level of PhP 25.6 billion. (Figure 1)

Source: Philippine Statistics Authority

The main contributors to the 2021 GPDP growth were: Agriculture, forestry, and fishing; Construction; and Public administration and defense; compulsory social activities.

Major economic industries, namely: Agriculture, forestry and fishing, Industry, and Services all posted positive growths in 2021 with 8.6 percent, 2.8 percent, and 2.2 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. 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.
Romblon is the fifth contributor among the five provinces and one HUC in MIMAROPA region, with a share of 7.2 percent in 2021.
Starting last year, the PSA annually releases the provincial and HUC level economic performances following the identified pilot areas. Romblon 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 or at the Provincial Statistical 
Office of Romblon.
Chief Statistical Specialist
Provincial Statistical Office of Romblon

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