The economy of CALABARZON accelerated from 5.1 percent in 2014 to 5.9 percent in 2015. The higher growth was attributed to the improved performance of Agriculture, Hunting, Forestry and Fishing (AHFF) and Services. Industry continued to account for the largest share of the region’s economy at 61.8 percent in 2015. Services and AHFF had shares of 32.6 and 5.5 percent, respectively. The growth in Industry decelerated from 6.5 percent in 2014 to 5.5 percent in 2015. This was mainly due to the slowdown of Manufacturing from 7.1 percent in 2014 to 5.5 percent in 2015, which accounted for 53.7 percent of the regional economy. The other three sub-industries posted expansions, namely: Mining and Quarrying (MAQ) from 8.9 percent to 17.9 percent, Electricity, Gas and Water Supply (EGWS) from 2.5 percent to 6.7 percent and Construction from 2.1 percent to 5.0 percent. Services accelerated by 3.6 percentage points from a growth of 3.8 percent in 2014 to 7.4 percent in 2015. The expansion in growth was contributed by the following sub-industries: Other Services (OS) from 2.2 percent to 14.2 percent; Trade and Repair of Motor Vehicle, Motorcycles, Personal and Household Goods from 1.0 percent to 6.9 percent; and Real Estate, Renting and Business Activities (RERBA) from 3.4 percent to 6.8 percent. However, Financial Intermediation (FI), Transport, Storage and Communication (TSC), and Public Administration and Defense; Compulsory Social Security (PAD) grew at a slower pace. In particular, FI slowed down from 7.8 percent to 6.0 percent, TSC from 6.6 percent to 5.9 percent, and PAD from 3.9 percent to 0.7 percent. AHFF rebounded from negative 1.2 percent in 2014 to 2.6 percent in 2015. This was brought about by the turned around performance of Agriculture and Forestry from negative 1.1 percent to 5.9 percent. Fishing, on the other hand, further declined from negative 1.5 percent in 2014 to negative 6.6 percent in 2015. Of the 5.9 percent growth, Industry and Services boost the region’s economic performance with contributions of 3.4 percentage points and 2.4 percentage points, respectively. AHFF contributed 0.1 percentage point to the total Gross Regional Domestic Product (GRDP) growth of the region. CHARITO C. ARMONIA Regional Director PSA Region IV-A
The economy of CALABARZON grew at 5.2 percent in 2023. This was slower than the 7.8 percent growth recorded in 2022. In terms of levels, the size of CALABARZON’s economy continued to…
The economy of CALABARZON grew by 7.6 percent in 2021 from a decline of -10.5 percent in 2020. It recorded the fastest growth among the regions in the country during the period.
