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The Economy of Kalinga Amounts to PhP 24.8 Billion in 2021; Up by 5.3 Percent Year-on-Year

Release Date:
Reference Number: 22CAR32-1052

The economy of the Province of Kalinga recorded a growth of 5.3 percent in 2021, a rebound from a -6.2 percent decline in the previous year. As measured by the Gross Provincial Domestic Product (GPDP), the economy of the province amounted to PhP 24.8 billion in 2021, up from the 2020 level of PhP 23.6 billion. (Figure 1)

                                                    

Source: Philippine Statistics Authority

All major economic industries, namely: Agriculture, forestry and fishing, Industry, and Services posted growth in 2021 with 3.2 percent, 9.7 percent, and 4.7 percent, respectively. Among the 16 industries, Construction posted the fastest growth at 20.8 percent. Information and communication came next with 16.4 percent growth, and Accommodation and food service activities with 13.4 percent. (Table1)

In terms of contribution to the 5.3 percent growth of the Kalinga’s economy, Construction had the highest contribution of 1.5 percentage points. It was followed by Wholesale and retail trade; repair of motor vehicles and motorcycles with 0.9 percentage points, and Education with 0.8 percentage points.

                                                            

The Philippine Statistics Authority (PSA) established through Republic Act No. 10625 or The Philippine Statistical Act of 2013, is tasked, among others, to compile and maintain macroeconomic accounts and indicators, at the national and subnational level. At the provincial level, the Provincial Product Accounts (PPA) is a mechanism to measure the economic performance of the province or highly urbanized cities (HUCs) at a given time.

Starting last year, the PSA annually releases the provincial level economic performances following the identified pilot provinces and HUCs.  Kalinga is one of the pilot areas for PPA compilation starting 2022.

For full report, statistical tables, and visuals on the PPA releases, please visit our website at www.psa.gov.ph or at the PSA Regional Office or PSA Provincial offices.

 

MARIBEL M. DALAYDAY
Chief Statistical Specialist

 

 

 

 

 

 

 

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