MIMAROPA’s Exports of goods and services to rest of the world (ROW) sustained its growth by 11.3 percent in 2024, from the 37.4 percent growth in 2023. Gross capital formation, Government final consumption expenditure, and Household final…

The economy of MIMAROPA Region grew by 4.4 percent in 2024, slightly slower than the 4.6 percent growth in 2023. In terms of levels, the regional economy was estimated at PhP 429.38 billion, from the PhP 411.15 billion in 2023. The top three…

MIMAROPA Region’s exports of goods and services to rest of the world accounted for the fastest growth among the expenditure items, with 37.4 percent. It was followed by Government final consumption expenditure with 3.5 percent, which also recorded…

The economy of MIMAROPA Region was estimated at 411.4 billion pesos in 2023 from 393.0 billion pesos in 2022. Also, the region continued to surpass its pre-pandemic economic performance, with a margin of 24.7 billion pesos…

The MIMAROPA’s gross regional domestic product (GRDP) expanded by 6.3 percent in 2022, from 3.3 percent in 2021, surpassing the 2019 pre-pandemic levels. The industries with the largest growth rates were: Transportation and storage, 41.3 percent;…

At the expenditure side, Imports of goods and services from the Rest of the World posted the highest growth among the expenditure items with 47.3 percent; followed by Exports of goods and services with 39.0 percent; and Gross capital formation with…