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 release of the 2020 Gross Regional Domestic Product (GRDP) and Gross Regional Domestic Expenditure (GRDE) of Central Visayas at a news conference held by PSA 7 on 29 April 2021.

Among the major industries, Services accounted 68.0 percent of the region’s total GRDP in 2020, followed by Industry with 24.6 percent and Agriculture, Forestry and Fishing (AFF) with 7.4 percent

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 followed by Manufacturing with 12.9; and Transportation and Storage with 37.4 percent.