Zamboanga Peninsula’s Economy Grows at a Slower Pace in 2019

Reference Number: 

2020-10-001

Release Date: 

Thursday, October 22, 2020

Zamboanga Peninsula’s economy posted a decelerated growth of 4.6 percent in 2019 from 6.3 percent in 2018.  The main drivers for growth in 2019 are wholesale and retail trade; repair of motor vehicles and motorcycles, agriculture, forestry, and fishing, and manufacturing.

With 22.1 percent share to the regional economy, wholesale and retail trade; repair of motor vehicles and motorcycles accelerated to a 7.0 percent growth in 2019 from 6.7 percent growth in 2018.

Of the 6.0 percent economic growth in the country, Zamboanga Peninsula contributed 0.1 percentage point while accounting for 2.0 percent of the total GDP.

 

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