Highlights of

2017 Regional Economic Performance

Sep 8, 2017 1
 Republic of the Philippines
Philippine Statistics Authority
Growth Rates

Gross Regional Domestic Product, Central

10.0
Visayas: 2012-2017
9.4 Growth (in percent), 2012 to 2017
9.0 8.6
8.0 7.8
7.4
7.0

6.0

4.9 5.1
5.0

4.0

3.0

2.0

1.0

0.0
11-12 12-13 13-14 14-15 15-16 16-17

Source: Philippine Statistics Authority

2
 Republic of the Philippines Growth Rates of
Philippine Statistics Authority
Industry/Sub-Industry
Growth Rates by Industry: Central Visayas
2015-2016 and 2016-2017 (At Constant 2000 Prices), in percent
YEAR
INDUSTRY
2015-2016 2016-2017
I. AGRICULTURE, HUNTING, FORESTRY AND FISHING (0.2) 7.0
a. Agriculture and Forestry (1.0) 9.6
b. Fishing 4.7 (8.5)
II INDUSTRY 14.1 3.0
a. Mining and Quarrying 1.0 (5.5)
b. Manufacturing 6.0 5.5
c. Construction 38.3 (0.9)
d. Electricity, Gas and Water Supply 7.0 (0.9)
III SERVICES 6.0 6.3
a. Transportation, Storage and Communication 5.3 5.2
b. Trade and Repair of Motor Vehicles, Motorcycles, Personal and
5.0 5.2
Household Goods
c. Financial Intermediation 4.1 7.7
d. Real Estate, Renting and Business Activities 7.1 7.9
e. Public Administration and Defense; Compulsory Social Security 7.7 8.4
f. Other Services 7.7 5.8
GROSS DOMESTIC PRODUCT 8.6 5.1
Source: Philippine Statistics Authority
3
 Republic of the Philippines
Philippine Statistics Authority

Percent Distribution by Industry and Sector:

Central Visayas, 2017
(At Constant 2000 Prices)
Fishing; 12.5%

AHFF; 5.5%
Agriculture
and
Forestry;
87.5%
INDUSTRY; 38.2%
SERVICES; 56.3%

MAQ;
EGWS; 2.1%
4.3%
PAD; 5.0%
FI; 13.2% Trade; 26.7%
Cons; 29.5%

TSC; 13.7%
MFG;
64.1%
OS; 21.2%
RERBA; 20.1%

Source: Philippine Statistics Authority

 Republic of the Philippines
Philippine Statistics Authority
Structure of the Regional Economies: 2017

1
ARM
ARMM is M

predominantly
agricultural

4
CAR III IVA VIII
Regions are
predominantly
industrial
NCR I II MIMAROPA

12
Regions are
predominantly
services-based V VI VII IX

X XI XII
XIII

5
Source: Philippine Statistics Authority Industry Services
AHFF
Better agriculture performance
Increase/ Decrease in
Sector Volume of Production
2016 2017
Crops (5.0%) 24.8%
Fisheries (4.7%) (17.7%)
Livestock 6.3% 8.4%
Poultry 4.9% 5.0%
Note: Negros Oriental included
Merchandise exports continued to recover

25.2
Top 5 exports of Central Visayas

1. Gold
2. Electronics
3. Cathodes
4. Semiconductors
5. Machinery and transport equipment
Top 4 markets of region’s exports

1. Hongkong
2. Japan
3. U.S.A.
4. China
Inflation rate up
Inflation Rates: 2015-2017

Average:
2016 - 2.8%
2017 - 3.2%

Q11 Q21 Q3 Q41 Q11 Q21Q31Q41 Jan Feb Mar Apr May Jun1Jul1 Aug Sep Oct Nov Dec
2015 2016 2017 1 1 1 1 1
Provincial inflation rates, 2015-2017
Average Inflation Rate
Province
2016 2017

Bohol 2.2 3.5

Cebu 3.6 3.0
Negros Or. 1.4 3.4
Siquijor 4.2 4.3
Region 7 2.8 3.2
Inflation Rates by Commodity Group
Commodity Bohol Cebu Siquijor Neg. Or.
Food and Non-Alcoholic 4.3 2.9 4.8 5.1
Beverages
Fish 14.8 5.3 8.4 14.7
Fruit 11.4 5.7 10.9 14.8
Housing, Water, Electricity, 4.7 5.4 6.5 3.1
Fuels
House Rental 3.4 5.4 11.3 3.2
Water Supply 11.2 0.0 (0.8) 0.8
Electricity, Gas 7.9 6.2 1.0 3.5
Alcoholic Beverages, and 2.5 1.9 5.2 1.4
Tobacco
Transport 2.8 2.7 2.0 2.6
Employment rate improved further but …
underemployment was up
 Outlook for 2018-2019

Regional economy will continue to be strong with the following

economic drivers good performance:

Tourism – opening of new airport facilities, closure of Boracay

IT-BPM – shift to higher-value services, opening of Bohol
Construction – demand for tourism-related facilities and
IT-BPM space
Retail – higher demand, higher income and more people

But inflation needs to be watched and tempered!

Government safety nets need to be in placed!
Build, Build, Build should be in full swing!

Sep 8, 2017 14
 Thank You

Sep 8, 2017 15