LINGAYEN, PANGASINAN—With Gov. Ramon V. Guico III as the ‘pilot’, Pangasinan’s performance in terms of its share in the overall Philippine economy continues to soar higher.
Recently, Pangasinan was listed as the 14th richest province in the country for the year 2023, according to last year’s Commission on Audit’s (COA) Annual Financial Report on Local Government Units (LGUs).
Pangasinan has assets totaling P18.36 billion.
The country’s richest provinces are:
- Cebu P309.897 billion
- Rizal P39.71B
- Camarines Sur P33.522B
- Batangas P32.522B
- Davao de Oro P23.379B
- Cavite P22.989B
- Ilocos Sur P21.951B\
- Bukidnon P21.643B
- Negros Occidental P21.068B
- Pampanga P20.778B
- Iloilo P20.75B
- Isabela P18.67B
- Leyte P18.667B
- Pangasinan P18.36 billion
- Palawan P17.956B
- Tarlac P17.047B
- Zamboanga del Sur P16.653B
- Surigao del Norte P16.431B
- Negros Oriental P15.307B
- North Cotabato P14.843B.
Earlier in February this year, Pangasinan placed 7th among the 82 provinces in the Philippines in terms of share of national gross domestic product (GDP).
The province contributed 1.8 percent to the national GDP in 2023.
Pangasinan also ranked 3rd top contributor to national Agriculture, Forestry, and Fishing (AFF) in 2023, contributing 3.8 percent to the total AFF of the country.
During the Provincial Product Accounts (PPA) Dissemination Forum held last December 11, Edgar M. Norberte, Chief Specialist, PSA Provincial Statistical Office, presented the 2023 Economic Performance of Pangasinan.
In his report, Norberte highlighted that the economy of Pangasinan in 2023 grew by 6.3 percent from its level in 2022. This represents an increase in the value of GDP from 352.90 billion in 2022 to 375.31 billion in 2023.
Through the PPA, the GDP of provinces and HUCs are compiled, which can be used in strengthening local-level planning and policy making.
The composition of Norberte’s presentation includes the economic performance of Pangasinan, the performance of the three major industries, as well as the performance of 16 production industries, among others.
Meanwhile, Engr. Rowena V. Ignacio (Assistant Provincial Planning and Development Coordinator) Officer-in-Charge of the Provincial Planning and Development Office (PPDO) discussed the highlights of the province, stating the vision and mission of the province.
In more than two years under the guidance of a visionary leader, the province shared high in terms of economic growth, Engr. Ignacio said.
During the forum, LGU Bolinao received a certificate of recognition for its exemplary commitment and outstanding compliance in providing comprehensive data for the compilation of the 2021-2023 PPA of Pangasinan.
The forum was participated in by representatives of some national agencies, various government line agencies, academe, and LGUs among others (Ruby F. Rayat & Chona C. Bugayong/PIMRO).
