Zamboanga Peninsula’s economy grows by 5.7 percent in 2021

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Thursday, April 28, 2022
Zamboanga Peninsula’s economy recovered from a decline of -5.2 percent in 2020 to an expansion of 5.7 percent in 2021.  The growth in the region’s economy in 2021 was caused by the expansion in all of the industries. Human health and social work activities had the highest increase with 16.1 percent, followed by Mining and quarrying with 13.7 percent, and Construction with 10.4 percent. (Figure 43)
Figure 4.3. Zamboanga Peninsula, Growth Rates by Industry: 2020 - 2021
At Constant 2018 Prices, in percent
Source: Philippine Statistics Authority
Services accounted for 51.6 percent share to the total regional economy, followed by Industry with 29.7 percent share and Agriculture, forestry, and fishing with
18.7 percent share.
Services expanded by 6.0 percent in 2021, which was a rebound from the contraction of -8.3 percent in 2020. This was mainly attributed to the growth observed in all of its sub-industries. Wholesale and retail trade; repair of motor vehicles and motorcycles, with 22.0 percent share to the regional economy, grew by 4.6 percent in 2021 from a decline of -4.7 percent in 2020.
Of the 5.7 percent economic growth of the country in 2021, Zamboanga Peninsula contributed 0.1 percentage point while accounting for 2.1 percent share of the national GDP.