Tag: Services sector
-
Guimaras Achieves 7.9% Economic Growth in 2023, Led by Services Sector
Guimaras has recorded a robust economic growth of 7.9% in 2023, primarily fueled by the services sector, which contributed 55.2% to the province’s total gross domestic product (GDP). This was announced by Nelida Losare, the chief statistical specialist of Guimaras, during a Philippine Statistics Authority (PSA) forum held in Iloilo City on November 26, 2024.…
Written by
-
Iloilo City Surges Ahead as Western Visayas’ Economic Leader in 2023
Iloilo City has emerged as the top economic performer in Western Visayas for 2023, boasting a remarkable 10.5 percent growth rate, as announced by the Philippine Statistics Authority (PSA) during a provincial product accounts forum on November 26, 2024. The city’s gross domestic product soared to PHP160.28 billion, up from PHP145.07 billion the previous year,…
Written by
-
Baguio and Benguet Economies Surge Forward in 2023, Driven by Services Sector
In 2023, Baguio City and Benguet province, the two leading economic hubs in the Cordillera Administrative Region, experienced significant growth, fueled predominantly by the services sector. Baguio’s economy expanded by 9 percent, reaching a GDP of PHP169.12 billion, up from PHP155.11 billion the previous year. This growth not only outpaced the pre-pandemic levels by PHP16.26…
Written by