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 compared with the 2019 level. The industries with the fastest growth rates were: Accommodation and food service activities with 30.9 percent; Other services with 16.0 percent; and Public administration and defense; compulsory social activities with 13.8 percent, which was also the fastest growth among the 17 regions. (Figure 1)

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 compared with the 2019 level. The industries with the fastest growth rates were: Accommodation and food service activities with 30.9 percent; Other services with 16.0 percent; and Public administration and defense; compulsory social activities with 13.8 percent, which was also the fastest growth among the 17 regions. (Figure 1)

Figure 1. MIMAROPA, Growth Rates by Industry: 2022 - 2023
At Constant 2018 Prices, in Percent

Among the major industries, Services accounted for the biggest share of 49.8 percent; followed by Industry with 31.9 percent share; and Agriculture, forestry and fishing with 18.2 percent share.

(SGD) LENI R. RIOFLORIDO
Regional Director

MLLM / OHG / RMCB