CALABARZON’s Gross Capital Formation Expands by 46.4 percent
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CALABARZON’s Gross capital formation expands by 46.4 percent CALABARZON’s spending on Gross capital formation posted the fastest growth at 46.4 percent in 2021. Other expenditure items also posted expansion. Total Imports and total Exports of goods and services from Rest of the World (ROW) grew by 14.4 and 9.8 percent, respectively. Household final consumption expenditure (HFCE) increased by 4.7 percent from a contraction of -8.0 percent in the previous year. On the other hand, government spending in the region slowed down by 5.2 percent in 2021 from a 10.1 percent growth in 2020. Source: Philippine Statistics Authority Real per capita HFCE grew by 2.7 percent in 2021. The real per capita HFCE in the region was recorded at PhP 137,611, higher than the national level which was estimated at PhP 122,112. Source: Philippine Statistics Authority (SGD) CHARITO C. ARMONIA Regional Director
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