Regional Accounts

Regional Accounts Releases

PSA 7 prepares for the 2020 RAP News Conference

Release Date: 14 May 2021
Reference Number: 2021-NA07-015

The Philippine Statistics Authority (PSA) is set to release the 2020 Regional Accounts of the Philippines on 29 April 2021 (Thursday) at 10:00 AM through a simultaneous virtual press conference... Read more about PSA 7 prepares for the 2020 RAP News Conference.

Central Visayas Economic Performance declines by 9.9 percent in 2020

Release Date: 12 May 2021
Reference Number: 2021-NA07-014

Philippine Statistics Authority Region 7 (PSA 7) Regional Director Ariel Florendo said that the economic performance of Central Visayas declined by 9.9 percent in 2020. This was reported on the... Read more about Central Visayas Economic Performance declines by 9.9 percent in 2020.

Central Visayas’ economy declines by 9.9 percent in 2020

Release Date: 29 April 2021
Reference Number: 2021-PR07-002

The economy of Central Visayas declined by 9.9 percent in 2020 compared with the 6.2 percent growth recorded in 2019. The main contributors to the decline were Construction with 36.4 percent... Read more about Central Visayas’ economy declines by 9.9 percent in 2020.

Central Visayas’ economy grows by 7.6 in 2018

Release Date: 25 April 2019
Reference Number: 2019-PR07-004

The Gross Regional Domestic Product (GRDP) of Central Visayas in 2018 accelerated to 7.6 percent, from the 5.2 percent growth in 2017. This was driven by the acceleration in Services and Industry... Read more about Central Visayas’ economy grows by 7.6 in 2018.

Central Visayas economy posts 5.1 percent growth in 2017

Release Date: 26 April 2018
Reference Number: 2018-PR07-004

The Gross Regional Domestic Product (GRDP) of Central Visayas posted a 5.1 percent growth in 2017. The main drivers of growth for 2017 are Agriculture and Forestry, Public Administration and... Read more about Central Visayas economy posts 5.1 percent growth in 2017.
Gross Regional Domestic Product
 
Gross Regional Domestic Product (GRDP) measures the economic performance of a region.  It covers the value of goods and services produced in the region.
 
GRDP is usually reported in terms of growth rate and expressed in real terms or at constant prices.  Growth rate shows if the economy grows faster (accelerated) or slower (decelerated) or decline (contracted) compared to the previous period.
 
GRDP measures the relative contribution of the three major economic sectors, Agriculture, Hunting, Forestry, and Fishing (AHFF), Industry, and Services.
 
Gross Regional Domestic Expenditure
 
The Gross Regional Domestic Expenditure (GRDE) is intended to complement the current series of the Gross Regional Domestic Product (GRDP).
 
GRDE is defined as the expenditure of residents of the region in the domestic territory plus their expenditures in other regions including the rest of the world.