LINGAYEN, PANGASINAN—Pangasinan placed third among the top 10 economic performers in the country in terms of economies, with the largest share to National Gross Value Added (GVA) of agriculture, forestry, and fishery (AFF).
The Philippine Statistics Authority (PSA) disclosed under the Provincial Products Account (PPA) the results as of November 2023, based on the 2022 Economic Performance of the Provinces and Highly Urbanized Cities in the Philippines.
PPA is a mechanism to compile the Gross Domestic Product (GDP) using a production approach and other economic accounts at the subregional level.
With a 3.8% share, or P66.93 billion, Pangasinan came in third, next to Bukidnon and Nueva Ecija, with 7.0% (P1,783.50B) and 4.5% (P125.39B), respectively.
Inching close to Pangasinan is Pampanga with 3.5% (P62.71B), followed by Isabela with 3.3% (P58.78B), Negros Occidental with 3.0% (P54.11B), Iloilo with 3.0% (P53.78B), Davao del Norte with 2.9% (P50.99B), Batangas with 2.7% (P47.81B), and Quezon with 2.6% (P47.10B).
The country’s 2022 GVA in AFF has amounted to P1,783.50 billion.
Provincial Agriculturist Dalisay Moya said this means that local leadership is good and various programs and projects on agriculture are actively implemented and distributed, such as production inputs, farm machinery, technology transfer, and assistance.
Moya added that this can also be attributed to the superb linkage and coordination from the local to the national government. Local, she stated, involves the barangay, municipal, and provincial levels.
It can be recalled that Governor Ramon V. Guico III implemented the Corporate Farming Program in the last quarter of 2022 to enhance food production and transform farming into a profitable economic enterprise.
With the project, it is expected that Pangasinan can leap higher in terms of agricultural productivity, notably in rice and corn.
As defined, “GVA is the output of the country less the intermediate consumption, which is the difference between gross output and net output. It is essential because it is utilized to adjust GDP, which is a key indicator of a nation’s total economy.”
In addition, GVA is a productivity metric that measures the contribution of a corporate subsidiary, company, or municipality to an economy, producer, sector, or region.
(Ruby R. Bernardino/PIMRO)
