LINGAYEN, PANGASINAN—Pangasinan placed 7th among the 82 provinces in the country in terms of share to national Gross Domestic Product (GDP).
As released by the Philippine Statistics Authority (PSA) on February 19, Pangasinan’s share to the national GDP at Constant 2018 Prices amounted to P352.93 billion or 1.8 percent.
The PSA report, titled “2022 Economic Performance of the Provinces in the Philippines,” disclosed that Laguna topped the list with P990.69 billion share; followed by Cavite, P731.39 billion; Batangas, P615.81 billion; Bulacan, P604.71 billion; Pampanga, P525.65 billion; Cebu, P388.11 billion. Trailing behind Pangasinan are the provinces of Rizal, P340.63 billion; Nueva Ecija, P298.57 billion; and Bataan, P256.89 billion.
Based on the PSA report, all 82 provinces had a combined share of about 56.1 percent to the country’s GDP in 2022.
In addition to this, the PSA, for the first time released the results of the Provincial Product Accounts or the PPA of the 16 pilot regions outside the National Capital Region (NCR). Aside from the 82 provinces, 17 Highly Urbanized Cities (HUCs) from November to December 2023 were included.
Results showed that Aklan recorded the fastest growth of 22.5%. Nueva Vizcaya, Davao Oriental, and Sorsogon recorded 13.1 %, 12.3%, and 12.2%, respectively.
PPA is a mechanism to compile the GDP at the subnational level using a production approach and other economic accounts at the subregional level.
According to PSA, PPA shows how provinces improve, what are the growth drivers, productive sectors, where to invest, and indicators whether targets are met.
(Ruby R. Bernardino/PIMRO)
