Zamboanga Peninsula’s government final consumption expenditure increases

Reference Number: 

2021-04-003

Release Date: 

Thursday, April 29, 2021

The Zamboanga Peninsula’s government final consumption expenditure (GFCE) accelerated by 12.5 percent in 2020, which was higher than the 6.1 percent growth in 2019.  However, Household final consumption expenditure (HFCE) plunged to -7.7 percent in 2020, compared with the 7.3 percent growth during the previous period. Gross capital formation (GCF) declined further by 12.3 percent during the period from a contraction of 3.2 percent in 2019. Meanwhile, Exports of goods and services to Rest of the World (ROW) and Imports of goods and services from ROW both registered contractions of 46.2 percent and 26.0 percent, respectively. 

Real per capita HFCE dropped by 8.4 percent in 2020. It was recorded at PhP 74,665 in 2020, which was lower than the national level amounting to Php 118,723.