malaysiangThe MIMAROPA Region displayed much-improved economic performance in 2022 compared to the previous year, according to the latest official government figures. In a report released on Thursday, the Philippine Statistics Authority revealed that MIMAROPA’s Gross Regional Domestic Performance (GRDP) grew 6.3 percent last year. This almost doubled the five-province region’s 3.3 percent GRDP growth in 2021, and even surpassed pre-pandemic levels. Leni Rioflorido, PSA’s regional director in MIMAROPA, said during a press briefing that the transportation and storage sector posted the highest growth rate of 41.3 percent. Other industries that exhibited notable results were: accommodation and food service activities posted 38.2 percent increase while the construction sector registered a 13.5 percent rise. Meanwhile, professional and business services rose 9.1 percent, the education sector grew 6.5 percent and the information and communication industry managed a 6.2 percent uptick. On the down side, the industries that exhibited decline were mining and quarrying, which sank 5.1 percent; and agriculture, forestry and fishing with a negative 2.4 percent performance, the PSA’s report also showed. MIMAROPA is composed of the provinces of Oriental Mindoro, Occidental Mindoro, Marinduque, Romblon and Palawan, and was formerly known as the Southwestern Tagalog Region.
Source: Philippines News Agency
