Region 9’s economy accelerated in 2015 PDF Print E-mail
Friday, 29 July 2016 13:56

By R.G. ANTONET GO

The Philippine Statistics Authority (PSA) regional office has announced that Region 9’s economy accelerated from 6.6 percent to 7.2 percent last year.

Dr. Mewchun W.S. Pamaran, PSA 9 regional director cited data wihch show the region grew from 6.6 percent in 2014 to 7.2 percent in 2015.

For the agriculture, hunting, forestry, and fishing industry decelerated from 2.9 percent for 2014 to 2.0 this 2015. Industry sector accelerated from 10.3 percent last year to 12.1 percent this year. Service sector accelerated from 5.6 percent last year to 5.7 percent this year.

Industry sector is composed of mining and quarrying, manufacturing, construction, electricity, gas, and water supply.

The service sector includes transportation, storage, communication, trade and repair of motor vehicles, motorcycles, personal, and household goods, financial intermediation, real estate, renting and business activity, public administration and defense; compulsory social security and other services.

“It means that we are improving. The number will speak what we did for a given year,” Pamaran said.

The PSA was able to do this after they have collected data from several government agencies. Some of the offices where the PSA got their data includes: Securities and Exchange Commission; Department of Agriculture; local government; Commission on Audit; Bureau of Internal Revenue; Department of Public Works and Highways; and others.

The PSA does the computations for them to come up with data such as the Zamboanga Peninsula’s GRDP for the year. After they do the computation, they are disseminating the information to other government agencies and those who needed the information.

Meanwhile, National Economic Development Authority (NEDA) regional director Teresita Socorro Ramos remarked:“we have succeeded in really growing. That means we are a region capable of achieving growth and we should not rest on our laurels because there are still areas for improvement.”

She added that Zamboanga saved the economy due to the presence of manufacturing sector here. “That is why the sardines industry is very important and critical to the entire region,” Ramos said. (R.G. A A. Go)