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Provincial Product Accounts: 2023 Economic Performances of the Provinces and Highly Urbanized City in the Cordillera Administrative Region

The economy of the Cordillera Administrative Region (CAR) further expanded by 6.9% from the 337.8-billion-peso economic output in 2022 to 361.08 billion pesos in 2023.

2023 Economic Performance of Ifugao

The economy of Ifugao contracted by 4.1 percent in 2023 from a 6.7 percent growth in the previous year. The Gross Domestic Product (GDP) of Ifugao was estimated at PhP 26.83 billion. (Figure 1)

Kalinga’s Economy Posts a 6.0 Percent Growth in 2023

The economy of Kalinga grew by 6.0 percent in 2023 from its 2022 level, slower than the percent growth in the previous year. This represents an increase in the value of Gross Domestic Product (GDP)…