Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles: Main Driver of Bohol’s Economy from 2018 to 2020

Reference Number: 

2021-PR12-007

Release Date: 

3 December 2021

In 2019, the economy of Bohol grew by 5.8 percent but declined by 6.9 percent in 2020. The economy of the Province of Bohol is driven by the following industries: Wholesale and retail trade; repair of motor vehicles and motorcycles, 32.1 percent; Agriculture, forestry, and fishing, 14.1 percent; and Financial and insurance activities, 7.9 percent based on the 2018 to 2020 annual average share.

                                                   

Of the 6.2 percent economic growth registered in Central Visayas for 2019, Bohol ranked fifth, accounting for 0.8 percentage point of the total regional economy. Meanwhile in 2020, Bohol contributed -0.9 percentage point to the -9.9 percentage point of Central Visayas.

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 the tool to measure the economic performance of the province or highly urbanized cities (HUCs) at a given time. 

Starting this year, the PSA will annually release the provincial level economic performances of the identified 14 pilot provinces and 6 HUCs of Central Visayas, MIMAROPA, and Northern Mindanao.  The Province of Bohol is one of the pilot provinces for PPA in 2021.

For the full reports, statistical tables, and visuals on the PPA releases, please visit our website at rsso07.psa.gov.ph/bohol or at the PSA Regional Office or PSA Provincial offices with contact details below:

Regional Statistical Services Office 7
2/F, Gaisano Capital Building, Colon St., Cebu City, Cebu
(032) 254–0470
psa07.socd@gmail.com / psa07.rsso@gmail.com

Provincial Statistical Office – Bohol
3/F, Galleria Luisa Bldg., Gallares St., Poblacion II, Tagbilaran City, Bohol
(038) 501–0996 / (038) 427–4361
psa07.bohol@gmail.com / psa07.bohol.ppa@gmail.com

 

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