GRDE

Central Visayas Economic Performance posted a growth of 5.4 percent in 2021

Philippine Statistics Authority Region 7 (PSA 7) Regional Director Ariel E. Florendo announced that the economy of Central Visayas Region posted a growth of 5.4 percent in 2021 from a decline of -9.5 percent in 2020. This was reported during the release of the 2021 Gross Regional Domestic Product (GRDP) and Gross Regional Domestic Expenditure (GRDE) of Central Visayas at a news conference on 28 April 2022 at Bai Hotel, Mandaue City.

Central Visayas’ economy rebounds by 5.4 percent in 2021

The economy of Central Visayas recorded a 5.4 percent growth in 2021 compared with the contraction of 9.5 percent in 2020. This was valued at 1.20 trillion pesos in 2021 from 1.13 trillion pesos in 2020 (Figure 1). The main contributors to the 2021 growth were: Wholesale and retail trade; repair of motor vehicles and motorcycles with 6.1 percent growth rate; Manufacturing with 4.0 percent growth rate; and Professional and Business Services with 8.9 percent growth rate. (Figure 2)

PSA RSSO VII to hold a News Conference on the 2021 Economic Performance of Central Visayas

The Philippine Statistics Authority- Regional Statistical Services Office VII (PSA RSSO VII) announces the release of the 2021 Economic Performance of Central Visayas on 28 April 2022 (Thursday) 10:00 a.m. through face-to-face (selected) at Bai Hotel, Ouano Ave. corner C.D Seno St., Mandaue City and virtual platform through zoom. This will be released through the simultaneous press conferences in seventeen (17) regions spearheaded by the PSA Regional Statistical Services Offices.

PSA 7 prepares for the 2020 RAP News Conference

PSA 7 prepares for the 2020 RAP News Conference

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 for all the different PSA Regional Statistical Services Offices. As part of the preparation, Central Visayas together with other sixteen (16) Regions participated in the 2020 Regional Accounts of the Philippines (RAP): Virtual Compilation and Finalization Workshop on 12 to 16 and 19 to 23 April 2021. Present during the said workshop were Chief Statistical Specialist (CSS) of Statistical Operations and Coordination Division (SOCD), Supervising Statistical Specialist, two (2) Technical Support Staff, and two (2) Provincial Product Accounts (PPA) COSWs.

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