CALABARZON’s Gross capital formation posts highest growth in the region
Release-Date
Reference-Number
2023-0400-PR13
All major expenditure items posted positive growths with Gross capital formation recording the highest growth of 17.4 percent. It was followed by Household final consumption expenditure (HFCE) which grew by 8.4 percent from 4.7 percent growth in 2021. However, government spending in the region slowed down by 3.5 percent in 2022, from 5.3 percent in 2021. Exports and Imports of goods and services also decelerated to 3.3 percent and 7.6 percent, respectively. CALABARZON, Growth Rates by Expenditure Type: 2021 - 2022 At Constant 2018 Prices, in percent Source: Philippine Statistics Authority The per capita HFCE in the region was estimated at PhP 146,501 which grew by 6.5 percent, from PhP 137,597 in 2021. It was higher by 12.2 percent than the national level which was estimated at PhP 130,590. Philippines and CALABARZON, Per Capita Household Final Consumption Expenditure: 2022 At Constant 2018 Prices, in pesos Source: Philippine Statistics Authority (SGD.) CHARITO C. ARMONIA Regional Director
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