MINDANAO DAILY
THE NATION’S ADVOCATE FOR TRUTH, JUSTICE AND PROGRESS Volume XIIl, No. 146
www.mindanaodailynews.com
Tuesday, May 2, 2023
P15.00
Trade Propels NorMin’s Faster Economic Growth of 7.2% in 2022
T
he economy of the region posted an expansion of 7.2 percent, faster than the recorded economic growth of 6.3 percent in 2021. The main economic growth driver is Trade with a growth contribution of 2.7 percentage points to the total economic growth. Other top growth drivers were: Construction which contributed 0.7 percentage point to the growth, Manufacturing shared 0.6 percentage point, Accommodation and food service activities accounted for 0.6 percentage point, and Transportation and storage contributed 0.5 percentage point to the growth of the region’s economy (Table 1). The recorded 2022 growth translated to an increase of PhP 62.49 billion in the Gross Domestic Product of the region. Services grew the fastest by 10.1 percent. Among the Service industries, Accommodation and food service activities recorded the fastest increase at 35.2 percent, followed by Transportation and storage at 21.6 percent growth, and Other Services which grew by 10.7 percent. (Table 1) Industry grew by 6.6 percent. Construction posted the fastest growth under Industry at 10.1 percent, followed by Mining and Quarrying at 6.9 percent. (Table 1) Agriculture, forestry, and fishing (AFF) also expanded by 0.5 percent. (Table 1) Structure of the Regional Economy The economy of the region is predominantly Services-based. Services shared 54.5 percent of the regional economy, followed by Industry accounting for 25.5 percent, and AFF with 20.0 percent share (Table 1). Among the industries, the three largest industries in 2022 were the following: Wholesale and retail trade; repair of motor vehicles and motorcycles with a share of 27.2 percent, followed by AFF accounting for 20.0 percent of the region’s economy, and Manufacturing sharing 12.8 percent. (Table 1) For the AFF, Crops shared more than half of the total Industry at 59.3 percent while Animals shared 26.4 percent. Support Activities to AFF shared 10.0 percent while Fishing shared 4.1 percent. Meanwhile, Forestry and Logging accounted for 0.2 percent of the total Agriculture, Forestry and Fishing of Northern Mindanao. (Figure 1) Figure 1. Share of AFF Sub-industries
to AFF of Northern Mindanao At Constant 2018 Prices, In Percent
Per Capita GRDP The GRDP value accounted for each person in the region is described by the per capita GRDP. Region X per capita GRDP increased by 6.0 percent in 2022 translating to a value of PhP 182,356 (Figure 2). The 2022 GRDP per capita value surpassed the 2019 GRDP per capita of PhP 175,018 by 4.19 percent. Figure 2. Per Capita GRDP: Northern Mindanao At Constant 2018 Prices, In Percent
CAGAYAN de Oro City Councilor Yvy Emano appreciates the native food products of barangay Kauswagan during the opening of the annual month-long Panagsal-aw Festival May 1. PHOTO BY MARK FRANCISCO Table 1. Gross Regional Domestic Product of Northern Mindanao, by Industry Percent Share, Growth Rate and Contribution to Growth At Constant 2018 Prices, In Percent and Percentage Point
WestMinCom hauls food packs for DepEd personnel in BARMM By: Shammah Sunga MDN WMC
Camp Navarro, Calarian, Zamboanga City – March 31, 2023 The Western Mindanao Command utilized its air, naval, and land assets to haul food packs for the Department of Education personnel Region X vis-à-vis Other Regions Region X was one of the seven regions in the Bangsamoro AutonoSee ECONOMIC, page 11 mous Region in Muslim Mindanao (BARMM) during the third and fourth weeks of March 2023. The Department of Edu-
cation Region XI requested the AFP’s assistance in distributing the food packs donated by the current Secretary of Education and Vice President of the Republic of the Philippines, Honorable Sara Zimmerman Duterte to some 37,369 teaching, nonteaching Para Teachers and ISAL Teachers in BARMM. Each food pack contained 12 canned goods, 5 kilograms of rice, and other food items. The command provided manpower, transportation,
and security assistance during the distribution of goods in Maguindanao, Cotabato, Lanao Provinces, Basilan, Sulu, and Tawi-Tawi. Western Mindanao Command Chief, Lt. Gen. Roy Galido, commended the troops involved for properly executing this special task given to them. “Our men in uniform are not only trained to be good soldiers but to be better public servants. We are always ready to assist our partners and stakeholders in all their endeavors.”