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GRDP

CAR

GRDP

Gross Regional Domestic product 

Measures the economic performance of a region.  It includes goods and services produced by all households and establishments in the region or in other words the aggregate of gross value added (GVA) of all resident producer units in the region. GRDP is usually reported in terms of growth rate in real terms or at constant prices).  Growth rate shows if the economy grows faster (accelerated), slower (decelerated), or declined (contraction) as compared to the previous year.

Components of GRDP

GRDP measures the relative contribution of the following three major economic sectors or industrial origin, and their sub-sectors/industries:

  1. Agriculture, Forestry, and Fishing(AFF)
  2. Industry
  3. Services

REGIONAL ACCOUNTS OF THE PHILIPPINES
Unit: in Percent
Table 23.4 CAR, Cordillera Administrative Region
GROSS REGIONAL DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN
2020 to 2022
GROWTH RATES, AT CONSTANT 2018 PRICES

INDUSTRY/YEAR2020-20212021-2022
I.  AGRI, FORESTRY, AND FISHING-1.7-2.1
II. Industry Sector16.37.0
          a. Mining and Quarrying16.8-0.4
          b. Manufacturing17.16.9
          c. Electricity, steam, water and waste management6.06.5
          d. Construction17.310.3
III. Service Sector5.910.8
          a. Wholesale and retail trade; repair of motor vehicles and motorcycles2.210.6
          b. Transportation and storage4.031.4
          c. Accommodation and food service activities16.144.9
          d. Information and communication8.63.9
          e. Financial and insurance activities8.08.1
          f. Real estate and ownership of dwellings2.03.0
          g. Professional and business services4.89.3
          h. Public administration and defense; compulsory social activities6.33.3
          i. Education8.66.4
          j. Human health and social work activities16.95.8
          f. Other Services2.443.9
Gross Domestic Product7.68.7

Source: Philippine Statistics Authority

Note: Regional levels may not add up to national totals due to rounding

REGIONAL ACCOUNTS OF THE PHILIPPINES
Unit: in Percent
Table 23.3 CAR, Cordillera Administrative Region
GROSS REGIONAL DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN
2020 to 2022
GROWTH RATES, AT CURRENT PRICES

INDUSTRY/YEAR2020-20212021-2022
I.  AGRI, FORESTRY, AND FISHING10.20.1
II. Industry Sector13.411.2
          a. Mining and Quarrying24.91.0
          b. Manufacturing6.29.9
          c. Electricity, steam, water and waste management12.210.3
          d. Construction20.218.6
III. Service Sector8.215.4
          a. Wholesale and retail trade; repair of motor vehicles and motorcycles3.617.0
          b. Transportation and storage7.944.3
          c. Accommodation and food service activities19.147.3
          d. Information and communication7.24.1
          e. Financial and insurance activities11.915.2
          f. Real estate and ownership of dwellings4.86.2
          g. Professional and business services5.19.9
          h. Public administration and defense; compulsory social activities9.07.7
          i. Education11.29.8
          j. Human health and social work activities20.08.0
          f.  Other Services6.146.9
Gross Domestic Product9.613.0

Source: Philippine Statistics Authority

REGIONAL ACCOUNTS OF THE PHILIPPINES
Unit: in Thousand Pesos
Table 23.2 CAR, Cordillera Administrative Region
GROSS REGIONAL DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN
2020 to 2022
AT CONSTANT 2018 PRICES

INDUSTRY/YEAR202020212022
I.  AGRI, FORESTRY, AND FISHING29,231,32528,726,34428,121,866
II. Industry67,450,96778,439,95883,897,723
          a. Mining and Quarrying8,161,8279,532,7379,490,125
          b. Manufacturing34,468,55440,377,72743,144,774
          c. Construction19,737,94423,143,15425,528,815
          d. Electricity, Steam, water and waste management5,082,6425,386,3415,734,009
III. Services192,194,289203,599,557225,644,465
          a. Wholesale and retail trade; repair of motor vehicles and motorcycles53,294,04254,484,16260,252,103
          b. Transportation and storage5,956,2556,192,6158,137,776
          c. Accommodation and food service activities9,943,80811,547,88516,731,254
          d. Information and communication12,678,35613,766,34914,308,559
          e. Financial and insurance activities34,240,14536,980,19739,993,077
          f. Real estate and ownership of dwellings22,290,44522,740,77323,421,876
          g. Professional and business services16,916,75617,731,90719,377,308
          h. Public administration and defense; compulsory social activities11,109,17211,807,01112,191,379
          i. Education16,305,61517,706,66018,841,162
          j. Human health and social work activities6,564,0607,676,1888,123,159
          k. Other Services2,895,6362,965,8104,266,811
Gross Domestic Product288,876,582310,765,858337,664,054

Notes: Regional levels may not  add up to the national totals due to rounding

Source: Philippine Statistics Authority

REGIONAL ACCOUNTS OF THE PHILIPPINES
Unit: in Thousand Pesos
Table 23.1 CAR, Cordillera Administrative Region
GROSS REGIONAL DOMESTIC PRODUCT BY INDUSTRY
2020 to 2022
AT CURRENT PRICES

INDUSTRY/YEAR202020212022
I.  AGRI, FORESTRY AND FISHING26,900,33529,639,18329,667,020
II. Industry70,478,51779,922,98788,850,679
          a. Mining and Quarrying10,089,60712,600,68312,724,542
          b. Manufacturing34,534,15336,690,60140,304,676
          c. Construction20,392,52724,504,36929,060,878
          d. Electricity, Steam, water and waste management5,462,2306,127,3346,760,584
III. Services198,123,690214,321,711247,427,736
          a. Wholesale and retail trade; repair of motor vehicles and motorcycles53,566,24655,520,92264,939,124
          b. Transportation and storage5,751,6646,206,4518,957,428
          c. Accommodation and food service activities10,537,28712,547,95318,480,237
          d. Information and communication13,202,34314,158,79314,744,172
          e. Financial and insurance activities35,182,79239,376,03845,380,480
          f. Real estate and ownership of dwellings23,379,31824,509,20926,036,071
          g. Professional and business services17,003,77817,864,25519,626,413
          h. Public administration and defense; compulsory social activities11,589,27712,636,15413,604,591
          i. Education17,625,81219,593,84421,512,961
          j. Human health and social work activities7,168,4348,602,3299,288,919
          k. Other Services3,116,7393,305,7644,857,342
Gross Domestic Product295,502,542323,883,881365,945,436

Source: Philippine Statistics Authority