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CENTRAL Visayas was the fastest growing economy among all 17 regions in the country in 2023, with a growth rate of 7.3 percent, and remains the biggest economy in the Visayas and Mindanao.This was despite the challenges that the region faced last year, including the threat of African swine fever affecting the P11 billion hog industry.Director Ariel Florendo of the Philippine Statistics Authority Central Visayas said the gross regional domestic product was estimated to be valued at P1.
Worth celebratingAlthough Central Visayas boasts the highest growth rate among all regions in 2023, this growth rate is lower than the growth it experienced in 2022, which reached 7.6 percent.However, national statistician Claire Dennis Mapa of the PSA central office, said this achievement should still be celebrated, adding that the average growth rate among all regions stands at 5.5 percent.Biggest in VisMinAdditionally, Central Visayas remains the biggest economy outside Luzon, comprising 6.
Central Visayas GRDP Growth Rate 2023 Services Sector Central Visayas Central Visayas Biggest Economy Visayas Mindanao African Swine Fever ASF Central Visayas Cebu Sunstar Cebu Local News
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