Zamboanga Peninsula’s gross capital formation rebounds in 2021

Reference Number: 

2022-04-02

Release Date: 

Thursday, April 28, 2022
Zamboanga Peninsula’s GCF rebounded in 2021 with a 17.7 percent growth in 2021 from a -14.2 percent decline in 2020. Likewise, HFCE turned around from a -7.7 percent decrease in 2020 to a 5.9 percent growth in 2021. GFCE decelerated from a 12.4 percent growth in 2020 to 4.2 percent in 2021. 
 
Meanwhile, Exports of goods and services to Rest of the World and Imports of goods and services from ROW both improved but still registered declines with -3.1 percent and -18.9 percent, respectively. (Figure 44)
 
Figure 44. Zamboanga Peninsula, Growth Rates by Expenditure Type: 2020 - 2021 
At Constant 2018 Prices, in Percent
 
Source: Philippine Statistics Authority
 
Real per capita HFCE grew by 5.1 percent in 2021. It was recorded at PhP 78,491 in 2021, which was lower than the national level of PhP 122,112. (Figure 45)
 
Figure 45. Philippines and Zamboanga Peninsula,
Per Capita Household Final Consumption Expenditure: 2021 
At Constant 2018 Prices, in pesos
 
 
Source: Philippine Statistics Authority